WSJ.com: US Business

US Business

Viacom Acquires Video-Streaming Service Pluto TV

Tue, 22 Jan 2019 18:59:08 EST

The move to purchase Pluto TV for $340 million will allow Viacom to increase the digital audience for its programming.

Silicon Valley's Unbridled Optimism Gets Fresh Reality Check

Tue, 22 Jan 2019 18:54:25 EST

Startup investors and company founders warn that the unchecked growth of the past several years could be hitting a limit. A rout of publicly traded tech companies is fostering newfound restraint.

Hedge Fund Drops Proxy Battle With Chemicals Maker Ashland

Tue, 22 Jan 2019 17:25:42 EST

New York-based hedge fund Cruiser Capital Advisors LLC is abandoning its proxy fight with Ashland Global Holdings Inc. after the specialty-chemicals manufacturer struck a deal last week with investor Neuberger Berman Group LLC.

Arconic Scuttles Deal to Sell to Apollo Global

Tue, 22 Jan 2019 17:33:40 EST

Arconic won’t pursue a sale of the company, nixing a potential deal with private-equity firm Apollo Global Management. Shares of the metal manufacturer fell nearly 16% in afternoon trading.

iPhone Assembler Weighs India Move, Cutting Apple's Reliance on China

Tue, 22 Jan 2019 20:07:02 EST

Apple’s largest iPhone assembler, Foxconn, is considering producing the devices in India, a move that could reduce Apple’s dependence on China for manufacturing and potentially for sales.

How the Shutdown Is Hitting Business

Tue, 22 Jan 2019 17:46:38 EST

Shuttered government offices are stalling the approval of new loans, initial public offerings, the processing of tax documents, the approval of new products and other substantial business across the U.S.

Walgreens to Pay $269 Million in Federal Overbilling Suit

Tue, 22 Jan 2019 20:01:16 EST

The drugstore chain will pay the U.S. and several state governments for improperly charging health programs for insulin pens and drug reimbursements, federal authorities said.

China Annual Economic Growth Rate Is Slowest Since 1990

Tue, 22 Jan 2019 02:59:56 EST

China’s economic expansion languished to its slowest pace in nearly three decades last year, as a bruising trade fight with the U.S. exacerbated weakness in the world’s second-largest economy.

Johnson & Johnson Expects Sales Growth to Slow

Tue, 22 Jan 2019 13:32:05 EST

Johnson & Johnson said it expects its sales growth to slow in 2019, citing pricing pressures and generic-drug competition for its pharmaceutical division.

How Companies Secretly Boost Their Glassdoor Ratings

Tue, 22 Jan 2019 18:22:39 EST

Employers flood the ranking site with 5-star postings requested from enthusiastic staffers, leading to unusual spikes, a WSJ investigation found. This is a conundrum facing many influential raters, including Amazon.com, Yelp and TripAdvisor, who have had to fend off attempts to game reviews.

Starboard, Elliott Management Call on eBay to Shed StubHub, Classifieds

Tue, 22 Jan 2019 22:21:29 EST

EBay is being circled by a pair of activist investors who want the online marketplace to consider parting with StubHub and its classified-ad business.

Home Sales Sank 6.4% in December

Tue, 22 Jan 2019 18:57:50 EST

Home sales fell sharply in December to their weakest level in more than three years, a difficult end to a weak year for the housing market and fresh evidence of a bumpy ride to come in 2019.

Compostables, Meant to Cut Plastic Waste, Are Stumbling

Tue, 22 Jan 2019 17:46:11 EST

Compostable bags, cups and cutlery are becoming more popular amid the mounting backlash against plastic waste, but many products aren’t making it to the compost heap.

Companies Try to Skirt Shutdown's IPO Limbo

Tue, 22 Jan 2019 09:51:09 EST

The monthlong government shutdown is forcing some companies to seek alternate routes to go public while the main markets regulator is unable to green-light IPOs.

IBM Beats Earnings Expectations Although Its Revenue Again Declines

Tue, 22 Jan 2019 18:48:21 EST

IBM’s revenue fell 3.5% in the latest quarter, a second consecutive quarterly drop that underscores significant challenges the tech giant faces in recapturing growth.

IMF Lowers 2019 Global Growth Forecast

Tue, 22 Jan 2019 15:55:03 EST

The global economy is starting the year on weaker footing, particularly by poor performance out of Europe, according to new quarterly forecasts from the IMF.

Judge Gives iHeartMedia Green Light to Exit Bankruptcy

Tue, 22 Jan 2019 18:29:10 EST

A bankruptcy court judge confirmed iHeartMedia’s restructuring plan that allows the company to slash its debt load and hand over control to a group of bondholders.