Pfizer to Raise Prices on 41 Drugs

Pfizer plans to resume its practice of raising drug prices early next year after bowing to pressure from President Trump over the summer when the company rolled back some increases.
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PG&E Shares Surge on Hopes of State Support

Shares of PG&E opened sharply higher on investor hopes that California officials would move to rescue the utility from wildfire-related liabilities that threaten to plunge it into bankruptcy.
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Walmart Posts Strong Sales Gains Ahead of Holidays

Walmart posted higher quarterly sales, continuing a run of solid growth as the world’s largest retailer taps into online shopping and a robust U.S. economy ahead of the busy holiday season.
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California’s Largest Utility Pummeled by Wildfire Risks

California’s largest utility suffered its steepest stock plunge in 16 years Wednesday as concerns grew that potential liability costs from destructive wildfires threaten the company’s financial future.
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How Amazon Picked HQ2 and Jilted 236 Cities

For months, Amazon made demands of cities even though it had determined early in the year that no single place would fulfill its requirements. The long search, designed to showcase the company’s largesse, has for some left a bad taste. “My heart’s broken today.”
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Amazon Picks New York City, Northern Virginia for Its HQ2 Locations

New York City and Northern Virginia will be the homes for Amazon.com Inc.’s second and third headquarters, according to people familiar with the matter.
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New York City Raids Condo Building in Crackdown on Airbnb Rentals

New York City law-enforcement officers swarmed a Manhattan condominium last month, issuing 27 notices of violations in one of the largest crackdowns on short-term rentals such as those listed on Airbnb.
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At Netflix, Who Wins When It’s Hollywood vs. the Algorithm?

As the video-streaming company plunges deeper into original production, its Los Angeles wing is doing the once-unthinkable: overriding the metrics.
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Trump Tariffs Pit Auto Companies Against Each Other

Fights are emerging across the auto industry over who should bear the costs of tariffs, and driving some companies to sue their partners.
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Walt Disney Posts Record Annual Profit

Disney turned in a strong financial performance in the latest period, as its parks-and-resorts and studio-entertainment segments helped it deliver record profit and revenue for the year.
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In Silicon Valley, Saudi Money Keeps Flowing to Startups

Silicon Valley startups are continuing to negotiate deals with Saudi Arabia and take its capital from its partner SoftBank, amid controversy over the killing of journalist Jamal Khashoggi that has clouded the kingdom’s role as a major global technology investor.
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Dell Discusses Sweetening Tracking-Stock Offer With Large Shareholders

Dell Technologies has been contacting large shareholders of an affiliate about sweetening a roughly $ 22 billion bid to buy them out before the unpopular deal goes to a vote next month.
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Under Armour’s #MeToo Moment: No More Strip Clubs on Company Dime

Under Armour employees received an email earlier this year that upended a longstanding company practice: They could no longer charge visits to strip clubs on their corporate cards. Strip-club visits were symptomatic of practices women at Under Armour found demeaning, current and former employees say.
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Amazon in Late-Stage Talks for HQ2 Location

Amazon.com has progressed to late-stage talks on its planned second headquarters with a small handful of communities including northern Virginia’s Crystal City, Dallas and New York City.
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Hate Speech on Live ‘Super Chats’ Tests YouTube

YouTube’s Super Chat, which allows users to pay to have comments amplified during streaming videos, generates revenue but can contain racist comments and hate speech.
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Apple Shares Stumble, but Company Keeps Trillion-Dollar Valuation

Apple shares stumbled as investors fretted over the iPhone maker’s financial outlook for the important holiday quarter and the company’s decision to stop reporting device unit sales.
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Apple Reports Record Results but Weak Revenue Outlook

Apple reported another quarter of record revenue and profit, but its shares fell in after-hours trading following the company’s lackluster sales guidance for the key holiday quarter.
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That Big Mac and Coke Now Comes With a Side Order of Inflation

From paint to air tickets to handbags, the prices of consumer items are going up as industries pass along higher costs. A long period of low inflation appears to be over.
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Facebook Revenue Falls Short

Facebook recorded lower revenue than expected as the social-media giant continues to adjust to slowing growth rates. Profits, though, rose more than forecast.
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U.K. to Roll Out First-of-Its-Kind Digital Tax

The U.K. said it will move ahead with plans to introduce a first-of-its-kind tax on locally generated revenue by large technology firms—the most concrete attempt yet by an industrialized nation to rewrite the world’s tax code for the digital era.
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IBM to Acquire Red Hat for About $33 Billion

International Business Machines agreed to buy software-and-services company Red Hat for about $ 33 billion in its biggest acquisition ever, a deal that IBM hopes will boost a cloud-computing business central to Chief Executive Ginni Rometty’s effort to revive the tech giant.
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Chinese Firms Snap Up U.S. Sites to Process Scrap

Chinese companies are setting up shop in the U.S. to obtain the scrap paper and plastic their government has deemed too dirty to import.
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After Months of Struggle, NBC’s $69 Million Bet on Megyn Kelly Flames Out

An outcry over remarks Ms. Kelly made on the air about blackface Halloween costumes on Tuesday proved the last straw in the anchor’s rocky stint on the ‘Today’ show. NBC canceled her show Friday. Negotiations “about next steps” continue, her lawyer said.
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At Netflix, Radical Transparency and Blunt Firings Unsettle the Ranks

Buzzwords and anxiety fill the hallways as Hollywood giant tries to maintain a winning culture amid breakneck growth; the ‘N-word’ scandal gets ‘sunshined.’
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Altria Will Pull Its E-Cigarette Pods From the Market

Altria Group said it would pull its e-cigarette pods from the market and discontinue the sale of most flavored e-cigarettes in response to mounting concerns about a surge in underage use of similar products.
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Manufacturers See Signs of New Risks

Rising costs, a stronger dollar and concerns over growth in China are posing new challenges for U.S. manufacturers.
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Uber’s Top Deal Maker Cameron Poetzscher Resigns

Uber’s top deal maker, Cameron Poetzscher, has resigned from the company, less than a month after a Wall Street Journal article revealed allegations of prior sexual misconduct in the office.
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U.S. Steelmakers Succeed in Getting Tariffs, Removing Others

U.S. steel producers prevailed in their push this past spring for the Trump administration to impose tariffs on imported steel and aluminum. The industry also succeeded in a later effort to make some tariffs disappear.
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Defense Firms Struggle With Security-Clearance Backlog

An exacerbated workforce crunch for makers of warships, jet fighters and cybersecurity systems is forcing them to resort to workarounds to finish Pentagon orders.
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Facebook Turns to U.K. Politician to Help Repair Image

Facebook has hired Britain’s former deputy prime minister, Nick Clegg, as its top policy and communications executive, giving a Silicon Valley outsider the task of mending the social network’s image.
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Amazon Revisits Some Cities as HQ2 Decision Looms

Amazon executives have made a fresh round of visits to several of the 20 finalists for its $ 5 billion second-headquarters project, fueling added anticipation as it nears a decision in a process that has stretched over more than a year.
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In the Fight Against Fake News, Facebook’s Fact-Checkers Struggle to Keep Up

The social network’s algorithms scan billions of posts each day in hopes of flagging misinformation before it goes viral; humans play a supporting role, but in the end they simply can’t keep up.
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Facebook Accused of Failing to Disclose Ad Errors Sooner

Facebook knew of problems with how it measured viewership of video ads for more than a year before it disclosed them in 2016, according to a complaint filed Tuesday by some advertisers.
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Uber Proposals Value Company at $120 Billion Ahead of Possible IPO

The ride-hailing company recently received proposals from banks valuing it at as much as $ 120 billion in an initial public offering that could take place early next year.
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Sears Files for Chapter 11 Bankruptcy

Sears filed for bankruptcy protection from creditors, marking the collapse of a company that dominated American retailing for much of the 20th century.
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Sears Set to File for Bankruptcy, With Its Survival in Question

As Sears plans to file for chapter 11 protection, the big question is whether a smaller Sears emerges from bankruptcy or whether the filing leads to a liquidation and a final end to the storied chain.
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Sears, Lenders Nearing Deal to Keep Some Stores Open

Sears Holdings is inching closer to a deal with lenders about a bankruptcy plan that would close at least 150 stores and provide a lifeline loan to keep a small footprint of around 300 locations open.
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Sears Exit Would Leave Big Holes in Malls. Some Landlords Welcome That.

Profitable shopping centers see chance to lure higher-paying tenants even as malls in the heartland, already struggling with competition from online sales, fear the loss of foot traffic.
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Big Lenders Make Push to Liquidate Sears

Sears Holdings met with lenders to discuss emergency financing for the embattled retailer. Lenders are pushing for the company to liquidate its assets. The meeting ended without an agreement.
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SoftBank Explores Taking Majority Stake in WeWork

SoftBank is in discussions to take a majority stake in WeWork, in what would be a giant bet on the provider of shared office space.
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Google Exposed User Data, Feared Repercussions of Disclosing to Public

Google exposed the private data of hundreds of thousands of users of the Google+ social network, though it didn’t find evidence of misuse. The company opted not to disclose the issue this past spring, in part because of fears doing so would draw regulatory scrutiny.
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Companies Turn to an Unlikely Place for Their Next CEO

GE’s choice to name board member Larry Culp as CEO has led some executives to wonder whether they would be better off seeking out long-retired executives as directors.
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Retailers Scramble to Fill Holiday Hole Left by Toys ‘R’ Us

After the collapse of Toys “R” Us, billions of dollars of holiday toy sales are up for grabs. Retailers are vying for a piece of the action.
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Ford to Cut Jobs as It Reorganizes Salaried Workforce

Ford Motor has informed its global salaried workforce of a planned reorganization that will cut jobs, part of Chief Executive Jim Hackett’s broader plan to squeeze costs and improve efficiencies at the struggling auto maker.
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Mattress Firm Files for Chapter 11

Mattress Firm, the largest U.S. specialty-mattress retailer by stores, plans to close up to 700 retail outlets.
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Campbell in Talks to Sell Fresh-Foods Unit

Campbell Soup is in talks to sell its fresh-foods business to investors led by Bolthouse Farms’ former chief executive.
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Honda to Invest $2.75 Billion in GM’s Self-Driving Car Unit

Honda is investing $ 2.75 billion in General Motors’s self-driving car unit, a move that comes as the transportation landscape is swiftly being reshaped by technology.
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Tesla Meets Model 3 Production Goal, Struggles With Deliveries

Tesla met its third-quarter production goal for its Model 3 sedan but struggled to deliver the cars to customers, underscoring the operational challenges ahead for CEO Elon Musk and his electric-car company.
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GE Ousts Flannery After Missed Targets

General Electric ousted CEO John Flannery after about a year in the job, a surprise move as the conglomerate revealed that deeper problems in its troubled power unit would cause it to miss targets for the year.
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Elon Musk to Step Aside as Tesla Chairman in SEC Deal

Elon Musk has reached a settlement with the SEC that allows him to stay on as Tesla CEO but requires that he step aside from the chairman role for three years. He has agreed to pay a $ 20 million fine.
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Facebook Finds Security Flaw Affecting Almost 50 Million Accounts

Facebook discovered a security flaw affecting almost 50 million accounts, the company said Friday. A problem in its code allowed outsiders to take over users’ accounts.
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SEC’s Musk Suit Risks Tesla’s Future

The legal threat from securities regulators to ban Elon Musk from Tesla raises the specter of a once-unfathomable exit that would potentially have dire consequences for the electric-car company.
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Jeff Bezos’s Space Startup to Supply Engines for Boeing-Lockheed Rocket Venture

Blue Origin, the space-transportation company run by Jeff Bezos, has won a contract to provide engines for a potential rival’s next-generation rocket, vaulting Mr. Bezos into the lucrative market for Pentagon satellite launches.
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Daimler Changes CEO as It Focuses on an Electric Future

Daimler said its long-serving chief executive will step down and will be succeeded by its current research and development chief, who has been leading the car maker’s push into electric vehicles and self-driving cars.
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Qualcomm Accuses Apple of Funneling Intellectual Property to Intel

Qualcomm accused Apple of funneling proprietary information about the chip supplier’s technology to rival Intel, broadening a long-running legal battle between two companies central to the smartphone industry.
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Sears CEO Pushes a Rescue Plan to Avoid Bankruptcy

Edward Lampert, who is also Sears’s chairman, controlling shareholder and biggest creditor, wants creditors to restructure about $ 1.1 billion of debt coming due in 2019 and 2020.
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Comcast Beats Out Fox to Acquire Sky

Comcast topped 21st Century Fox in a weekend auction for Sky, winning the British broadcaster with a $ 38.8 billion bid that ends a monthslong takeover battle and promises Comcast a greatly expanded international footprint.
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Game Theory Part of the Art of the Sky Deal

The same type of blind auction used to pick players in fantasy football leagues could decide the fate of Sky, a media company that employs 30,000 people and has a stock-market value of $ 36 billion.
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Drugmakers’ Free Services Trigger Anti-Kickback Probe

Federal prosecutors are probing whether big drugmakers including Sanofi, Gilead Sciences and Biogen potentially violated laws by providing free services to doctors and patients.
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Comcast, Fox to Settle $35 Billion Takeover Battle for Sky in Auction

Comcast and 21st Century Fox will settle their takeover battle for Sky in a weekend auction run by British regulators, setting up a dramatic climax to a 21-month sale process that has pitted some of the world’s biggest media giants against each other.
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AutoNation’s Outspoken Chief Executive to Step Down Next Year

AutoNation CEO Mike Jackson, who stood out in the tight-lipped auto industry for his outspoken personality, will step down after leading the U.S.’s largest dealership chain for nearly two decades.
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Here Come Tesla’s Challengers With All-Electric SUVs

European luxury auto makers are coming after Tesla with their own high-end, long-range electric vehicles, and they are targeting on one of America’s most popular vehicle categories: SUVs.
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For Apple, U.S.-China Trade Fight Grows Riskier

The U.S.-China trade fight is becoming more perilous for Apple as the Trump administration’s tariffs threaten some of its gadget sales and as China weighs retaliatory measures.
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Liquor Makers Fight for Equal Footing on Military Bases

Spirits makers say they’re battling a Prohibition-era reputation in their bid for more shelf space next to beer and wine at military commissaries.
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Cord-Cutters Beware: Streaming TV Prices Are Marching Higher

Streaming services like DirecTV Now and Sling TV have added millions of customers by promising big savings over traditional cable and satellite-TV subscriptions. But prices are going up.
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Amazon’s Bezos: Big Businesses Should Not Be Vilified

Facing political backlash over Amazon’s growing market dominance, Jeff Bezos said that while big companies deserve to be scrutinized, politicians shouldn’t “vilify” them.
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At Campbell Soup, Heirs Hold the Key as Activist Tries to Remake Board

Activist Daniel Loeb’s campaign to replace Campbell Soup’s board needs backing from descendants of the man who invented condensed soup. They hold at least 45% of the company’s stock.
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Apple’s 2018 iPhone Event: What You Need to Know

Apple will unveil the new iPhones, Apple Watch and AirPods that will be critical to its efforts to build on this fiscal year’s record revenue, at its annual product showcase Wednesday.
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Steel Workers Demand Higher Pay as Tariffs Lift Profits

Workers at two of the biggest U.S. steelmakers are demanding higher compensation as tariffs on foreign metal push prices and profits to their highest point in years.
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CBS Chief Moonves Resigns Amid Sexual Misconduct Claims

CBS CEO Leslie Moonves is stepping down amid accusations he sexually harassed and assaulted numerous women, a stunning downfall for one of the industry’s most powerful figures.
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Alibaba’s Jack Ma to Step Down, Focus on Philanthropy

Jack Ma, the billionaire tycoon who rode the currents of China’s rising affluence to build one of the world’s biggest e-commerce companies, says he is retiring from business to focus on philanthropy.
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To Shatter the Glass Ceiling, Don’t Force It

Before California Gov. Jerry Brown signs legislation that would require public companies based in the state to put a certain number of female directors on their boards, he should consider how ineffective such quotas have been, writes columnist John Stoll.
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Verizon’s Internet Boss Tim Armstrong in Talks to Leave

The leader of Verizon Communications’ media and advertising business is in talks to depart, leaving unfinished the task of building the unit into a digital content giant.
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Ford Recalls Two Million Trucks After Reports of Seat-Belt Malfunction

Ford Motor is recalling about 2 million F-150 trucks after it received reports of a seat belt equipment malfunction that could cause smoke or fire in the vehicle.
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Tech Leaders Face Senate Questions on Russian Meddling

Facebook COO Sheryl Sandberg and Twitter CEO Jack Dorsey are appearing at a Senate hearing to defend their platforms’ handling of manipulation by foreign actors.
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JD.com Founder Gets Back to Business in Beijing Days After Arrest in U.S.

Liu Qiangdong’s appearance to announce a partnership with the Chinese company that owns Swiss luxury brand Bally—as Minneapolis police investigate an allegation of sexual misconduct—underscores what business observers describe as his extraordinary confidence.
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Chinese Billionaire Denies Wrongdoing in Sex Misconduct Arrest, His Lawyers Say

JD.com Chief Executive Liu Qiangdong denies any wrongdoing in connection with his arrest on suspicion of sexual misconduct in Minneapolis, and it’s likely no charges will be filed, his attorneys said.
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The Art of the Trade Deal: Chinese Paintings and Antiquities Caught in U.S.-China Fight

Chinese antiquities and art have become ensnared in the brewing trade dispute between the world’s two largest economies, rattling dealers, collectors and curators in the specialized art market.
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Tech-Support Scams Prompt Google to Act

Google is taking action to weed out scam artists who advertise on its platform aiming to defraud customers seeking technical support by masquerading as authorized service agents for companies such as Apple.
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Coca-Cola to Buy U.K. Starbucks Rival Costa for $5.1 Billion

Coca-Cola said it would buy British coffee-shop chain Costa for $ 5.1 billion, diversifying further from its soft-drink roots and marking the latest bet by a major consumer-goods company on coffee.
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Campbell Soup to Sell International Business and Fresh Unit

Campbell Soup plans to sell its international operations and refrigerated-foods business, abandoning efforts to play up fresh food and leaving the door open to a full sale.
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In America’s Hottest Drilling Spot, Gas Is Going Up in Smoke

Roughly $ 1 million worth of natural gas extracted in the Permian Basin goes to waste each day, as shale drillers end up having to burn a byproduct that they don’t have enough pipeline or storage capacity to take to market.
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Global Car Sales Hit Speed Bump

After nearly a decade of growth, new-vehicle sales in the world’s largest auto markets are entering their first sustained slowdown since the financial crisis amid trade frictions.
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Public Bravado, Private Doubts: Inside the Unraveling of Elon Musk’s Tesla Buyout

As his team hustled to put form to his idea, lining up investors willing to put up tens of billions of dollars. Mr. Musk was having second thoughts.
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Beyond Soda: How and Why Your Beverage Options Are Exploding

A proliferation of beverages that don’t fit within traditional drink categories is creating a headache for retailers, confusion for shoppers and a challenge for manufacturers that are trying to keep pace with changing consumer tastes.
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America Has Fallen Out of Love With the Sedan

Long a symbol of the American open road, the classic sedan is fading in the rearview mirror as millions of drivers migrate to sport-utility vehicles, prompting auto makers to rework their lineups. One cause is the shifting relationship between people and their automobiles.
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Tech Giants Target Accounts Linked to Iran

Google, Facebook and Twitter are zeroing in on Iran, scrubbing their online networks of fake accounts, videos and social-media posts by the rising cyber adversary aimed at spreading misinformation.
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Alibaba Earnings Slump on One-Time Charge

Chinese e-commerce titan Alibaba said fiscal first-quarter earnings fell 41%, driven by a one-off stock compensation charge from the revaluation of its financial-services affiliate.
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Target’s Sales Growth Highest in More Than a Decade

Target said same-store sales rose at the fastest rate in more than a decade, buoyed by efforts to improve locations and e-commerce capabilities as well as a booming economy.
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Some Tesla Suppliers Fret About Getting Paid

Tesla’s tumultuous year has fueled concern among some of its suppliers about the auto maker’s financial strength after production of the Model 3 car drained some of its cash.
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Pepsi to Acquire SodaStream in Shift to Healthier Drinks

PepsiCo has agreed to buy SodaStream for $ 3.2 billion, the latest move by the cola giant to diversify away from sugary sodas and salty snacks.
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Canada’s Auto Capital Caught in Crossfire of Trade Dispute

In Windsor, Ontario, angst is rising that the border town’s ties to the U.S. auto industry, already strained by steel tariffs, could soon be ruptured by President Trump’s threatened tariffs on Canadian-made cars.
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What Your Car Knows About You

Auto makers can now collect large amounts of data from internet-connected vehicles, from location to driving habits.
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Trump Directs SEC to Study Six-Month Earnings Reporting

President Trump said he asked the Securities and Exchange Commission to consider scaling back how often public companies report results to investors, citing business leaders who say it could promote growth.
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Tencent’s Rout This Year Has Wiped Out Over $175 Billion in Market Value

Tencent’s selloff has sparked fears of a broader contagion for tech stocks around the world.
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Uber Drivers Take Riders the Long Way—at Uber’s Expense

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.
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Elon Musk: Saudi Fund Asked About Taking Tesla Private

Tesla’s Elon Musk said he has been in talks with a Saudi sovereign-wealth fund about taking the electric-car maker private and believes two-thirds of shareholders would remain with the company.
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Google Woos Partners for Potential China Expansion

While Google’s search engine remains blocked in China, the company is courting allies there by providing tools and support to a growing number of app developers, manufacturers and advertisers in the region.
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IBM Bet Big on Using Watson to Improve Cancer Care. It Has Fallen Short.

Big Blue spent billions on its Watson artificial intelligence product with a focus on cancer care. Sometimes, it didn’t say more than doctors already knew. In other cases, Watson was tripped up by a lack of data in rare or recurring cancers and rapidly evolving treatments.
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Tesla Board’s Independence Faces Tough Test

Elon Musk’s surprising buyout idea for Tesla puts the spotlight on its board members, most of whom have close business or personal relationships with the electric-car company’s leader.
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Tribune Terminates $3.9 Billion Merger With Rival Sinclair

Tribune Media terminated its merger agreement with rival TV station-owner Sinclair Broadcast Group and sued the company, alleging it failed to make sufficient efforts to get their $ 3.9 billion deal approved by regulators.
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Musk Says in Tweet He Is Considering Taking Tesla Private

Tesla CEO Elon Musk jolted financial markets with a surprise tweet suggesting he is considering taking the electric-car maker private. The stock closed up 11% after a trading halt.
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Icahn Goes Public Against Cigna’s Deal for Express Scripts

Billionaire activist investor Carl Icahn sent an open letter urging Cigna shareholders to vote against the company’s $ 54 billion plan to buy Express Scripts, calling it a “folly” carrying a “ridiculous” price tag.
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American Refiners Reap Big Profits as Production Soars

Gasoline makers are thriving on record domestic crude production and pipeline bottlenecks that have lowered their oil costs and boosted their margins.
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Kushner Family Closes Deal to Unload 666 Fifth Avenue

In a larger-than-expected deal, Kushner Cos. will lease the building to Brookfield Asset Management for 99 years. The 2007 investment, worth $ 1.8 billion at the time, became controversial when Jared Kushner joined the Trump White House.
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SEC Drops Probe of Exxon’s Disclosures on Climate Change

The SEC dropped a probe into whether Exxon Mobil misled investors about the risks that climate change and greenhouse-gas regulations posed to its business.
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Hiding Russian Money Offshore Was Easy. Quitting Was Harder.

Benedict Worsley, a self-created British “fixer,” would do just about anything for his high-flying Russian clients—until the international financial network he built came crashing down.
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Sprint Adds Customers as It Pushes T-Mobile Merger

Sprint added to its subscriber base in its most recent quarter as the country’s No. 4 wireless carrier continued its efforts to persuade regulators to bless its merger with T-Mobile.
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Apple’s iPhones Power Revenue, Earnings

Apple delivered its best-ever revenue for the June quarter, typically its weakest period, as demand for high-price iPhones remained resilient and services such as app-store sales swelled to a record.
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P&G Shifts Strategy, Moves to Raise Prices

Procter & Gamble is raising prices on some of its biggest brands, a strategy shift after it reported another quarter of lackluster growth.
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Facebook’s Next Challenge: Less Data to Target Ads

Facebook’s advertisers in Europe are on the front lines of its efforts to tighten privacy practices, and their frustrations help explain why the social-media giant’s troubles are far from over.
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Caterpillar Profit Surges, Absorbs Tariff-Related Cost Increases

Caterpillar raised its profit outlook for the year as strong machinery sales in a buoyant global economy offset increased raw material costs related to tariffs.
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Soda, Motorcycle Prices Rise as Tariffs Pinch Consumers

Consumers are paying more for products from recreational vehicles to soda as tariffs on metals and parts put pressure on U.S. manufacturers.
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How Sellers Trick Amazon to Boost Sales

The digital giant battles click farms, reviewers-for-hire and other scams as merchants try to outsmart its product-ranking system.
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Investors Step Back From Social-Media Highfliers

Shares of Twitter and Facebook endured a surprise rout this week, as investors were rattled by signs that users are souring on the social-media stalwarts.
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CBS to Investigate Allegations of Sexual Harassment Against Moonves

CBS said it would investigate allegations of sexual harassment against Chief Executive Leslie Moonves, putting him on the hot seat at the same time he is locked in a legal battle with the media company’s controlling shareholder.
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Amazon’s Profit Soars to Record

Amazon.com’s quarterly profit topped $ 2 billion for the first time, powered by the company’s newer services businesses that are ushering the online retail giant into an era of swelling profitability.
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Twitter User Numbers Slip as It Shuts Fake Accounts; Stock Drops

Twitter said its number of monthly users dropped in the second quarter and could continue to fall as it purges fake accounts. Shares declined in early trading.
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Qualcomm Deal Collapse Forces NXP to Forge a New Path

Qualcomm’s decision to abandon the takeover of NXP produced a cash windfall for the Dutch chip maker, but left it scrambling to spell out what its future may hold.
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The Conference Call That Shook Investor Faith in Facebook

Comments about revenue growth, monetizing Instagram Stories and the impact of new privacy laws during the earnings conference call hit Facebook’s shares.
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Harley-Davidson Expects Motorcycle Tariffs to Cut Into Margins

Harley-Davidson lowered its profit guidance for the year, as tariffs compound a long sales slump for the motorcycle maker.
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Air Taxis and Self-Driving Aircraft: Aviation Industry Faces Its Future

The Farnborough International Airshow in England this past week highlighted technology of the near future, including autonomous aircraft and urban flying vehicles that don’t need an airport.
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Comcast Drops Bid for Fox Assets, Will Pursue Deal for Sky

Comcast said it was dropping its pursuit for most of 21st Century Fox, ending a bidding war with Walt Disney, but said it would continue its pursuit of European pay-TV giant Sky PLC.
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Google Hit With Record $5 Billion EU Fine in Android Case

The EU fined Alphabet’s Google $ 5 billion, a record for the bloc that could loosen the company’s grip on its biggest growth engine: mobile phones.
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GE Still Wrestles With a Big Problem: GE Capital

General Electric continues to work with bankers and advisers to determine the best way to proceed with GE Capital, the lending unit that nearly sank the company in the financial crisis.
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Space Officials Put Collaboration on Display at Airshow

From promoting space tourism to proposing new launch sites to setting up assembly lines to churn out small satellites, corporate and government space officials are pursuing intercontinental collaboration.
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A Spray Form of Ambien Now Costs Over 800% More

A small Colorado drugmaker recently raised the price for a spray form of sleep aid Ambien by as much as 843%, the latest example of how some firms are increasing prices despite mounting pressure.
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This Company Aims to Deliver DNA on Demand

Synthetic Genomics’ Digital to Biological Converter can turn digitized DNA code into synthetic biological material, a milestone in medicine that could one day allow doctors to personalize medicine at their patients’ bedsides or fight epidemics halfway around the world.
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DOJ Appeal of Time Warner Deal ‘Changes Nothing,’ Says AT&T CEO

AT&T chief Randall Stephenson said his company won’t alter its plans for running Time Warner’s media assets despite a Justice Department appeal.
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Exxon, Once a ‘Perfect Machine,’ Is Running Dry

The oil giant is struggling as the industry shifts and investors look elsewhere for profits. CEO Darren Woods’s plan to make a comeback by spending more on fossil-fuel projects has so far proved unpopular.
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U.S. Appeals Ruling Allowing AT&T-Time Warner Merger

The Justice Department appealed a trial judge’s ruling last month that allowed AT&T to acquire Time Warner, setting the stage for a second round of legal proceedings in a blockbuster antitrust case.
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Fox Gets U.K. Approval to Buy Sky Amid Comcast Bidding War

The U.K. government won’t oppose a bid by Rupert Murdoch’s 21st Century Fox to consolidate ownership of Sky, removing the last regulatory hurdle for Fox as it battles it out with Comcast for the British broadcaster.
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21st Century Fox Raises Offer for Sky, Topping Comcast Bid

Rupert Murdoch’s 21st Century Fox significantly lifted its offer price to consolidate ownership of Sky, heating up a bidding war with Comcast for the British broadcaster.
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What the Tariff Battle Means for Auto Plants in South Carolina

BMW and Daimler have contributed to the U.S.’s emergence as an auto exporter, but the Trump administration’s trade battle with China could blunt their efforts.
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Univision Eyes Sale of Fusion Media Group

Univision Communications is exploring a sale of Fusion Media Group, which houses websites including Gizmodo and Deadspin, as it pursues a companywide restructuring following a leadership change
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Drugmakers Call Experimental Alzheimer’s Drug Study Positive

Biogen and Japan’s Eisai said they had positive results from a midstage study of an experimental Alzheimer’s drug, though experts said it was too soon to say the drug marks a real advance.
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Memory Loss: Prices Weaken for Chips Used in Smartphones, Self-Driving Cars

After a historic rise in 2017, prices this year of two major types of memory chips—called NAND and DRAM—have fallen 37% and 16%, respectively, according to semiconductor sales tracker DRAMeXchange. The drop caused Samsung Electronics Co. to forecast lower-than-expected profit for the second quarter, and its shares slid 2.3% on Friday.
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From Movie Makers to Auto Makers, Companies Reckon With Trade War

The U.S. and Chinese tariffs that kicked in on Friday raised costs for companies on both sides of the Pacific, but it was the specter of additional levies ahead that was more worrisome for many in business.
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China’s ZTE Replaces Top Executives in Rush to Comply With U.S. Mandate

ZTE has named a slate of new top executives, including a new chief executive, as the Chinese telecom firm presses ahead with its U.S.-mandated leadership purge.
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Take Our Cheese, Please: American Cheese Makers Suffer Under New Tariffs

Cheese makers that rely on foreign sales are strained as China and Mexico raise tariffs on U.S. mozzarella and provolone.
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Barnes & Noble Fires CEO Over Policy Violations

Barnes & Noble fired CEO Demos Parneros, citing violations of its policies. The bookseller said that Mr. Parneros won’t receive any severance pay and that he is no longer a board member.
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Chairman of Chinese Conglomerate HNA Dies in Accident

HNA chairman and co-founder Wang Jian died after being injured in an accidental fall during a business trip in France.
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Pfizer Raises Prices for Dozens of Drugs

Pfizer raised the list prices for more than 40 of its prescription drugs this week, issuing a second round of price increases this year despite mounting public scrutiny.
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Glencore Shares Tumble on Subpoena

Glencore stock fell after the mining giant received a subpoena from U.S. authorities related to corruption and money-laundering laws at operations in Congo, Nigeria and Venezuela.
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Dell Confirms Deal That Would Mark Return to Public Markets

Dell Technologies has offered to buy shares that track its interest in software firm VMware, a move that would mark a re-emergence into the public markets for Dell.
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New Era at Amazon’s Whole Foods Grates on Some Employees

Amazon has infused Whole Foods with its efficient, data-driven ethos in the year since it bought the natural grocer. But not all Whole Foods employees and suppliers are happy about that.
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Chicken, Turkey and Tuna Have a Beef With Your Burger

Beef, which has long fulfilled America’s hunger for hamburgers, faces fresh competition from poultry producers pushing their own patties onto U.S. grills.
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Creditors Probe Gibson’s Pre-Bankruptcy Dealings

Creditors are stepping up a probe of guitar-maker Gibson Brands Inc.’s pre-bankruptcy dealings, looking for signs the troubled company favored senior lenders, including  affiliates of private-equity giants Blackstone Group and KKR.
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GM Says Tariffs on Auto Imports Could Drive Up Prices, Hit U.S. Jobs

General Motors warned the Trump administration that tariffs on vehicle imports would hurt its competitiveness, cost U.S. jobs and result in “a smaller GM.”
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SoftBank Hires Ford’s Top Lobbyist as It Beefs Up Its Beltway Presence

SoftBank poached Ford’s chief global lobbyist, who will lead a new effort to build a presence in Washington.
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AT&T, Sprint Boost Customer Fees

AT&T and Sprint have recently raised the administrative fees they charge customers, moves that will bring in hundreds of millions of dollars in additional revenue for the companies.
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Amazon to Buy Online Pharmacy PillPack, Expanding Into Health Care

Amazon.com agreed to acquire online pharmacy PillPack as the retail giant expands into the health-care and pharmaceutical business.
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Comcast Hunts for Additional Cash in Pursuit of 21st Century Fox Assets

Comcast is exploring tie-ups with other companies or private-equity investors that could provide additional cash as the cable giant pursues a costly acquisition of Fox’s entertainment assets.
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GE to Spin Off Health-Care Business in Latest Revamp

General Electric will spin off its health-care business and unload its ownership in oil-services company Baker Hughes, betting that the once-sprawling conglomerate can reverse a painful slump by further shrinking.
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Harley-Davidson to Shift Production Overseas to Offset EU Tariffs

Harley-Davidson plans to shift production overseas to avoid European Union tariffs on its iconic motorcycles, the latest manufacturer to reconfigure operations amid a widening global trade fight.
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Shari Redstone’s Path to Power

How heiress Shari Redstone overcame a falling out with her father to become the most significant female media owner in America.
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Intel CEO Challenge: Pick From Thin Bench, or Look Outside

Brian Krzanich’s resignation this week leaves Intel’s board with a tough choice: Name the next CEO from a small pool of internal candidates, or go outside for the first time in the chip maker’s 50-year history.
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Intel CEO Resigns Over Relationship With Employee

Intel said Chief Executive Brian Krzanich resigned for violating company policy by having a relationship with a co-worker, one of the most prominent CEOs to lose a job in an era of greater scrutiny over workplace behavior.
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Kroger’s New Approach to Stocking Shelves Is Boosting Earnings

Kroger delivered stronger than expected earnings and sales growth on Thursday, sending its stock up around 10% in early trading.
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Disney Sweetens Deal for Fox Assets, Topping Comcast Bid

Fox agreed to a sweetened merger agreement with Disney that adds a cash component and eclipses a rival offer from Comcast.
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