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US Business

Skechers Shares Fall Amid Higher Costs

Fri, 20 Jul 2018 17:42:02 EDT

Shares at the footwear company fell 21% Friday following a disappointing second-quarter earnings report.

U.S. Jobless Claims Hit Lowest Level Since 1969

Fri, 20 Jul 2018 22:06:10 EDT

The number of Americans claiming new unemployment benefits fell last week to the lowest level in nearly five decades.

America's Factory Towns, Once Solidly Blue, Are Now a GOP Haven

Fri, 20 Jul 2018 10:14:43 EDT

In one generation, manufacturing districts have flipped from Democratic strongholds to Republican ones. The swing is remaking both parties on issues from trade to social policy—and could shape the midterm elections.

Bayer to Stop Selling Essure in U.S.

Fri, 20 Jul 2018 17:56:56 EDT

Bayer AG will stop selling its Essure birth-control device in the U.S. after this year due to declining sales, the company said Friday.

Disney Fires 'Guardian of the Galaxy' Director Over Offensive Tweets

Sat, 21 Jul 2018 00:02:22 EDT

Walt Disney severed its relationship with James Gunn, who previously directed two “Guardians of the Galaxy” movies. He was expected to soon start work on a third.

Global Oil Industry Prepares for a Revival

Fri, 20 Jul 2018 14:15:58 EDT

Oil producers are ordering more equipment and lining up drilling rigs for later this year, according to top industry executives, indications that international activity is picking up.

Share of U.S. Employees Offered Health Care Through Work Rises

Fri, 20 Jul 2018 14:54:21 EDT

For the first time in six years, the portion of U.S. workers offered health insurance through their employer has risen, a sign a tighter labor market is prompting businesses to offer more generous benefits.

Esterline Technologies Exploring Potential Sale

Fri, 20 Jul 2018 17:34:09 EDT

Aerospace-parts maker Esterline Technologies Corp. is exploring a potential sale, according to people familiar with the matter.

Trump's Emerging Economic Policy: Picking Winners and Losers

Fri, 20 Jul 2018 23:41:28 EDT

The president’s unorthodox approach to economic policy could harm some U.S. industries with tariffs, but it also includes concrete plans to maintain America’s technological edge.

America Is Running Out of Family Caregivers, Just When It Needs Them Most

Fri, 20 Jul 2018 21:41:59 EDT

Family members have long been the backbone of the nation’s long-term care system. But smaller, more far-flung families mean fewer of these unpaid helpers to attend to the rising population of elderly Americans. “Are you really my daughter?”

GE's Profit Falls as Power Division Remains a Drag

Fri, 20 Jul 2018 22:17:41 EDT

General Electric’s second-quarter profit dropped 30% as the company’s power division continued to offset growth in other major units.

Honeywell Increases Sales Guidance Despite Posting Lower Profit

Fri, 20 Jul 2018 17:01:55 EDT

Honeywell raised its financial guidance for the year as sales rose in its latest quarter, even as profit fell.

Retailer Brookstone Seeks Bankruptcy Financing

Fri, 20 Jul 2018 16:24:48 EDT

Brookstone, the specialty retailer, is shopping for bankruptcy financing to fund its business while under chapter 11 protection.

Congress Ends Bid to Undo President's Deal to Save China's ZTE

Fri, 20 Jul 2018 19:20:14 EDT

Congress abandoned a bipartisan attempt to undo President Donald Trump’s deal with Beijing to save Chinese telecommunications giant ZTE Corp.

U.S. to Toughen Foreign-Investment Reviews Amid Trade Fight With China

Thu, 19 Jul 2018 22:34:23 EDT

Congress is poised to strengthen the procedures for vetting both foreign investments in the U.S. and overseas transactions involving cutting-edge American technology.

Trump Continues Fed Criticism, Renews Threat on China Imports

Fri, 20 Jul 2018 21:57:53 EDT

President Trump continued his criticism of the Federal Reserve, saying higher rates hurt the U.S. economic expansion, and accused China and Europe of manipulating their currencies to hurt the U.S. on trade.

Facebook Suspends Analytics Firm on Concerns About Sharing of Public User-Data

Fri, 20 Jul 2018 18:35:08 EDT

Facebook said it was suspending analytics firm Crimson Hexagon while it investigates whether the firm’s government contracts violate Facebook policies.

China Woos U.A.E. With Trade, Balancing Concerns Over Iran Ties

Fri, 20 Jul 2018 20:30:30 EDT

The Chinese president wrapped up three-day meeting in U.A.E with flurry of business agreements, bolstering economic ties with a key ally of Saudi Arabia, just as Beijing is emerging as a critical partner for an increasingly isolated Iran.

L.A. Company Wins China Hyperloop Deal

Fri, 20 Jul 2018 07:43:53 EDT

A Southern California technology company has clinched a deal to build China’s first hyperloop, a ground-transport system that can potentially achieve supersonic speeds.

WhatsApp to Limit Forwarding After Rumor-Led Violence in India

Fri, 20 Jul 2018 14:19:46 EDT

Facebook’s WhatsApp messaging service is making it harder for users to forward content after the spread of rumors on the app led to mob violence and the killing of more than 20 people in India.