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US Business

France to Ban Cellphones in Schools to Tackle Addiction

Tue, 14 Aug 2018 00:21:49 EDT

A French law is set to bar cellphone use by primary and middle school students, an effort to cut down on distractions in class and encourage play or reading during recess.

China Pulls Plug on Tencent Videogame Days After Launch

Mon, 13 Aug 2018 23:04:18 EDT

Chinese regulators have blocked sales of a Tencent videogame where players hunted fearsome creatures, the company said, in the latest setback to its PC games business.

Musk Met With Saudi Fund About Taking Tesla Private

Mon, 13 Aug 2018 22:58:05 EDT

Elon Musk said Saudi Arabia’s sovereign-wealth fund has approached him several times over nearly two years about providing financial support to take Tesla private, as the CEO sought to explain his claim to have funding for a possible deal.

Companies Needing Skilled Workers Look to High Schools

Mon, 13 Aug 2018 18:08:32 EDT

CVS, Tesla and others help educators create skills-based programs—and future job candidates.

U.S. Takes Trade Fight to Smaller Nations

Sun, 12 Aug 2018 23:51:50 EDT

The White House push to confront rivals over trade has spread beyond the world’s biggest economies like China and Europe to include poorer countries that also see the U.S. as a critical market for their goods.

Bayer Shares Plunge After Monsanto Weed Killer Ruling

Mon, 13 Aug 2018 22:09:47 EDT

Shares in Bayer dropped 10% after recently acquired Monsanto was ordered to pay $289.2 million in a landmark lawsuit over whether exposure to two of its weed killers caused cancer.

Netflix CFO to Step Down

Tue, 14 Aug 2018 06:49:53 EDT

Netflix said Chief Financial Officer David Wells plans to step down as soon as the company picks a successor.

Foxconn Posts Unexpected Drop in Profit

Mon, 13 Aug 2018 08:41:36 EDT

Foxconn Technology posted a worse-than-expected drop in second-quarter profit, even after its biggest customer Apple said recent demand for iPhones remained resilient.

U.S. Budget Gap Widens

Fri, 10 Aug 2018 17:50:57 EDT

The U.S. government’s budget deficit widened 21% in the first ten months of the fiscal year when compared with the same period a year earlier—as spending jumped.

Wrangler Owner VF Plans to Spin Off Jeans Business

Mon, 13 Aug 2018 16:48:28 EDT

VF Corp., owner of Lee and Wrangler jeans, plans to spin off its denim business in a bid to sharpen its focus on faster-growing outerwear and activewear brands.

Tech Giants Pledge to Ease Patient, Provider Access to Health Data

Mon, 13 Aug 2018 17:26:39 EDT

Major tech companies committed to removing technological barriers that have hindered patient and provider access to health-care data online.

Rising U.S. Consumer Prices Are Eroding Wage Gains

Mon, 13 Aug 2018 16:59:37 EDT

Months of steady increases have pushed up the inflation rate to the highest level in years. Overall prices are up 2.9% over the past 12 months, a rate last exceeded in early 2012.

Economists See Growth Hitting 3% in 2018, But Higher Risks Beyond

Thu, 09 Aug 2018 18:05:50 EDT

Economists are boosting their projections for growth in U.S. output this year, but trade disputes, a fading boost from fiscal stimulus and rising rates leave them thinking strong growth won’t last much longer than that.

Turkey on the Economic Brink, Explained in a Dozen Charts

Mon, 13 Aug 2018 15:45:35 EDT

Investors fear Turkey is teetering on the edge of financial crisis following a dramatic plunge in its currency that continues to deepen. The lira now is down nearly 45% this year, rattling vulnerable emerging markets.

Uber Drivers Take Riders the Long Way---at Uber's Expense

Mon, 13 Aug 2018 20:27:51 EDT

Many Uber drivers are taking unnecessarily long routes to drive up fares. But unlike with traditional taxis, it is the ride-hailing companies that are responsible for covering the bigger bill.

India Looks to Curb U.S. Tech Giants

Tue, 14 Aug 2018 06:43:19 EDT

Indian policy makers are looking for ways to tamp down American tech behemoths, a shift that could crimp growth potential in one of the biggest remaining open markets for expansion.

Eurozone Optimism Ebbs With Tensions Over Trade, Turkey

Mon, 13 Aug 2018 09:50:20 EDT

Europe’s economy has slowed, and seems unlikely to bounce back strongly in what remains of a year that began with high hopes and then hit a series of setbacks.

Icahn Backs Down on Cigna-Express Scripts Deal

Tue, 14 Aug 2018 04:15:36 EDT

Carl Icahn no longer plans to solicit votes from Cigna shareholders against the health-insurer’s $54 billion deal to buy Express Scripts after two proxy-advisory firms recommended shareholders support the deal.