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High-Speed Rail in the U.S. Remains Elusive: Illinois Shows Why

Mon, 03/04/2019 - 20:27
A $2 billion Chicago-St. Louis project will offer a top speed of just 110 mph and shave an hour off the trip. Few people are expected to use it. One problem: having to share the track with freight railroads.
Categories: Business News

Cheniere Deal With China Signals Country's Key Role in LNG Exports

Mon, 03/04/2019 - 19:25
Cheniere Energy’s expected $18 billion deal to supply natural gas to China signals the company’s growing bet on the country, and China’s emergence as a top market for U.S. gas exporters.
Categories: Business News

Salesforce Raises Its Full-Year Sales Outlook as Profit Rises

Mon, 03/04/2019 - 18:16
Salesforce on Monday reported a stronger profit for the latest period and presented a bullish view on sales growth, targeting $26 billion to $28 billion in revenue by fiscal 2023.
Categories: Business News

Facebook Sues Chinese Companies for Creating Fake Accounts

Mon, 03/04/2019 - 18:01
Facebook and Instagram sued four companies and three people based in China for creating and selling fake accounts, likes and followers, according to a posting on the social media giant’s website.
Categories: Business News

The $2,000 Bendable Phone: Hold 'Em or Fold 'Em?

Mon, 03/04/2019 - 18:00
At the mobile-phone industry’s premier trade show, two of the world’s three biggest makers lavishly displayed what they hope will be the smartphone of the future. The question is, will anyone buy it?
Categories: Business News

Purdue Pharma Preparing Possible Bankruptcy Filing

Mon, 03/04/2019 - 17:37
Purdue Pharma is working with advisers on a possible bankruptcy filing as it seeks to contain liability from suits alleging it fueled the U.S. opioid epidemic.
Categories: Business News

Venezuelan Opposition Seeks U.S. Court's Help Protecting Citgo

Mon, 03/04/2019 - 17:32
Venezuela’s U.S.-backed opposition leaders asked a federal appeals court to refrain from carving up the country’s foreign assets, saying their loss would hurt the chances of political change in Caracas.
Categories: Business News

Disney Cuts Compensation for Iger in Fox Deal

Mon, 03/04/2019 - 17:23
Disney tweaked Robert Iger’s pay package, removing $13.5 million in potential salary and incentive awards available for the CEO after the company closes its acquisition of Fox assets.
Categories: Business News

AT&T Breaks Up Turner, Bulks Up Warner Bros. in Major Overhaul

Mon, 03/04/2019 - 17:21
AT&T started reorganizing its WarnerMedia unit by combining its disparate networks and entertainment businesses, an overhaul that is expected to lead to cost-cutting and layoffs.
Categories: Business News

Nevada Is the Jackpot of Barrick's Push for Newmont

Mon, 03/04/2019 - 17:02
Barrick Gold’s bid to acquire rival gold producer Newmont Mining centers on a plan to combine portfolios and operations in the state of Nevada.
Categories: Business News

After an Auditor Flunked Brazil Dam, Vale Found Another Who Passed It

Mon, 03/04/2019 - 16:23
Vale, the owner of a mine-waste dam that collapsed this year, killing more than 180 people, dismissed an auditor that refused to certify the dam as safe in September, according to an initial probe by police and prosecutors.
Categories: Business News

Investors Scale Back Inflation Bets, Signaling Doubts About Growth

Mon, 03/04/2019 - 13:52
Bets on a pickup in inflation are falling out of favor, underscoring investors’ skepticism that the U.S. economy will be able to turn stronger after a soft start to the year.
Categories: Business News

U.S. Push on Food Trade Pressures EU

Mon, 03/04/2019 - 12:44
U.S. and European trade negotiators, under growing domestic pressure over agriculture, are set to meet again this week as clashing demands threaten to rekindle a tit-for-tat economic war.
Categories: Business News

Philip Morris Cuts Profit Forecast After Canada Court Ruling

Mon, 03/04/2019 - 12:29
Philip Morris International Inc. cut its profit outlook for the year and expects lower pretax earnings in the first quarter after a subsidiary and other tobacco companies lost a major legal appeal in Canada.
Categories: Business News

Ted Baker CEO Resigns After Misconduct Probe

Mon, 03/04/2019 - 11:03
Ray Kelvin, the founder and chief executive of British fashion retailer Ted Baker, has resigned with immediate effect following an investigation into his alleged misconduct.
Categories: Business News

U.S., China Close In on Trade Deal

Mon, 03/04/2019 - 10:53
China and the U.S. are close to completing a trade deal, with Beijing offering to lower tariffs and other restrictions on American farm, chemical, auto and other products and Washington considering removing most, if not all, sanctions levied against Chinese products since last year.
Categories: Business News

Galaxy S10 Review: Samsung Finally Gets Everything Right

Sun, 03/03/2019 - 23:03
Samsung has long made good hardware, and the Galaxy S10 is its best yet. But for the first time, the company also nailed the software.
Categories: Business News

Grocers Brace for Another Blow From Amazon

Sun, 03/03/2019 - 22:16
Competition from Amazon.com has pushed grocers to focus on home delivery and lower prices. Now it is taking aim at supermarkets’ high-profit products: those found in the beauty aisle.
Categories: Business News

Shale Companies, Adding Ever More Wells, Threaten Future of U.S. Oil Boom

Sun, 03/03/2019 - 21:55
Newer wells drilled close to older wells are generally pumping less oil and gas and could permanently hurt output, leading frackers to cut back on the number of sites planned and forecasts on overall production to be trimmed.
Categories: Business News

Owners of Instant Pot, Corelle to Merge

Sun, 03/03/2019 - 20:07
Instant Brands, the maker of the popular Instant Pot, is merging with Corelle Brands, which makes houseware mainstays such as Corelle, Pyrex, CorningWare and SnapWare, in a combination their owners hope will be a recipe for success.
Categories: Business News

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