National

Fed Minutes Signal Officials Ready to Raise Rates Again Soon

WSJ - May 24, 2017 - 11:55pm
Federal Reserve officials expected at their meeting this month that it would “soon be appropriate” to raise rates, according to minutes of the gathering, a signal the central bank could lift its benchmark rate in June.
Categories: National

Health-Tech Startups Pivot as Obamacare Uncertainty Mounts

WSJ - May 24, 2017 - 11:21pm
Many health-technology startups are revamping their business strategies and others are finding it tougher to attract fresh capital amid the prospect of repeal of the Affordable Care Act.
Categories: National

How American Shale Drillers Flipped OPEC's Script

WSJ - May 24, 2017 - 10:04pm
When OPEC agreed to curtail production to bolster crude prices, it was betting U.S. shale drillers would be too weak to fill the void. But with Wall Street behind them, American producers have put the cartel on its heels.
Categories: National

Whatever You Do, Don't Let Your Snapstreak End Tonight

WSJ - May 24, 2017 - 9:45pm
Snapchat hooked the masses on sending friends photos that disappear. Now teens and millennials do whatever it takes to keep daily messaging streaks alive. ‘Some people overreact a little’
Categories: National

Ford CEO Shift Hands Larger Roles to Two Key Lieutenants

WSJ - May 24, 2017 - 9:42pm
New CEO Jim Hackett is handing greater sway to lieutenants Joe Hinrichs and Jim Farley.
Categories: National

In Modern Cyber War, the Spies Can Become Targets, Too

WSJ - May 24, 2017 - 7:21pm
Over the past eight months, a mysterious hacking group released what it says are National Security Agency computer-espionage secrets. Former intelligence officials now fear the hackers are taking a new tack: exposing the identities of the NSA computer-hacking team.
Categories: National

Why Earnings Have Investors Feeling So Happy

WSJ - May 24, 2017 - 7:20pm
Earnings at U.S. companies grew at the fastest pace in the first quarter in nearly six years, the latest boon to a bull market that has stretched into its ninth year.
Categories: National

J.Crew's Mickey Drexler Confesses: I Underestimated How Tech Would Upend Retail

WSJ - May 24, 2017 - 7:16pm
The retail legend didn’t understand how speed and price would drive internet shoppers. After 10 quarters of falling sales, the brand wants to create a more accessible image and add digital marketing.
Categories: National

Ford's Exiting CEO to Get Part of Bonus, Promised Stock Awards

WSJ - May 24, 2017 - 6:44pm
Ford will pay outgoing Chief Executive Mark Fields a sizable portion of a promised bonus for 2017, all of the promised stock awards for the year and temporary use of company aircraft as part of an exit package outlined Wednesday.
Categories: National

Former VW Compliance Executive Awaiting Trial to Remain in Prison

WSJ - May 24, 2017 - 5:53pm
The Sixth U.S. Circuit Court of Appeals in Cincinnati on Wednesday affirmed a district judge’s order keeping Oliver Schmidt behind bars in Michigan amid concerns he would flee the country if released on a $1.6 million bond.
Categories: National

Mnuchin Wants Debt-Limit Increase With No Conditions

WSJ - May 24, 2017 - 5:15pm
Trump administration officials, testifying on Capitol Hill Wednesday on their 10-year budget plans, pointed to a more pressing fiscal problem: They could run out of room to pay the government’s bills within the next few months.
Categories: National

Trump's Nationalism Veers Right While May's Shifts to Center

WSJ - May 24, 2017 - 4:51pm
The conservative parties in the U.S. and U.K., buoyed by a nationalist push against immigration and trade, face a once-in-a-generation choice: shift toward small-government conservatism, or reach across traditional divides by appealing to workers? Trump and May appear to have chosen differently.
Categories: National

Investor Loeb to Seek Changes to Dow-DuPont Post-Merger Plan

WSJ - May 24, 2017 - 4:10pm
Activist investor Dan Loeb plans to publicly push for changes to the complicated combination and breakup of Dow Chemical and DuPont, according to a presentation reviewed by The Wall Street Journal.
Categories: National

France's Safran Cuts Offer for Zodiac Aerospace by About 15% to $8.2 Billion

WSJ - May 24, 2017 - 4:09pm
French aerospace supplier Safran said it cut its bid price for Zodiac Aerospace about 15% to about $8.2 billion after renewed profit headwinds came to light at the beleaguered plane cabin-interior specialist.
Categories: National

Your Data Is Way More Exposed Than You Realize

WSJ - May 24, 2017 - 3:58pm
Think online privacy is no big deal? You better sit down: Geoffrey A. Fowler shows how much of your personal information is out there, and how it can be used to target or harass.
Categories: National

Gillette Faces New Attack From an Old Razor Rival

WSJ - May 24, 2017 - 3:04pm
Edgewell Personal Care Co., maker of Schick, the No. 2 U.S. razor brand, is mounting a direct challenge to the Procter & Gamble unit with an online subscription service that sells blades that fit on a Gillette handle but cost less.
Categories: National

Donald Trump's Balanced Budget Goal Rests on Questionable Assumptions

WSJ - May 24, 2017 - 2:35pm
President Donald Trump’s budget—which projects a balanced budget within 10 years—relies on accounting that is hard to add up.
Categories: National

Bipartisan Pushback Greets Trump's Proposed Budget

WSJ - May 24, 2017 - 2:31pm
President Donald Trump’s proposed $4.1 trillion spending blueprint amounts to a sweeping overhaul of the social safety net while projecting a big boost to economic growth that could be difficult to achieve.
Categories: National

Another Insurer Leaves Missouri's Affordable Care Act Exchange

WSJ - May 24, 2017 - 1:46pm
Blue Cross and Blue Shield of Kansas City says it lost more than $100 million through 2016 offering exchange insurance plans
Categories: National

GE Chief Adds Some Caution to 2018 Profit Goal

WSJ - May 24, 2017 - 1:01pm
Jeff Immelt, General Electric Co.’s chief, said the conglomerate would likely need additional cost cuts to reach a closely watched 2018 profit target, given current struggles in global oil and gas markets.
Categories: National