US Business

US Business

By Adding Patents, Drugmaker Keeps Cheaper Humira Copies Out of U.S.

Tue, 16 Oct 2018 17:47:05 EDT

Cheaper copies of the world’s biggest-selling drug will roll out across Europe after a key European patent for Humira expires, but U.S. patients and insurers will have to wait to access less-expensive versions of the blockbuster drug.

U.S. Retail Sales Rose Less Than Expected in September

Tue, 16 Oct 2018 08:50:13 EDT

American consumers reined in their spending at restaurants and department stores in September, resulting in the second straight month of weak retail spending.

U.S. Manufacturing Capacity Increases for 16th Month in a Row

Tue, 16 Oct 2018 15:11:01 EDT

U.S. manufacturers increased their capacity for the 16th straight month in September, fresh evidence that a strengthening economy is helping to propel an industrial rebound.

The New Movie Soundtrack: A Spotify Playlist

Tue, 16 Oct 2018 10:15:56 EDT

Independent movie studio A24 is releasing the music to the new film “Mid90s” as a playlist on Spotify, rather than as an album distributed by a record label.

U.S. to Blame for Weaker China Currency

Mon, 15 Oct 2018 23:10:10 EDT

If the Chinese yuan is being manipulated, it is arguably because China is keeping it strong while the U.S. dollar rallies against an array of emerging-market currencies.

U.S. Job Openings Topped 7 Million for the First Time

Tue, 16 Oct 2018 13:34:01 EDT

American employers had more than seven million unfilled jobs for the first time on record this summer, a number eclipsing unemployed workers by a record 902,000.

Uber Proposals Value Company at $120 Billion Ahead of Possible IPO

Tue, 16 Oct 2018 19:23:45 EDT

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.

IBM's Revenue Shrinks Again

Tue, 16 Oct 2018 18:56:24 EDT

IBM reported third-quarter revenue that fell 2.1% from a year earlier, snapping a brief return to growth that had ended nearly six years of shrinking sales.

United Boosts Profit Outlook as Fares Climb

Tue, 16 Oct 2018 19:07:08 EDT

The No. 3 U.S. airline reports revenue growth pushed past higher jet-fuel costs as it increased passenger capacity at its hubs.

U.S. Deficit Swells in Fiscal 2018 as Tax Cuts Take Bite

Tue, 16 Oct 2018 10:21:21 EDT

The federal deficit widened 17% last year amid higher government spending and flat revenues following last year’s tax cut.

Netflix Reports Strong User Growth

Tue, 16 Oct 2018 19:28:46 EDT

Netflix exceeded expectations for adding new subscribers during the third quarter, reporting strong user growth in international markets. Shares jumped after-hours.

Apple 'Deeply Apologetic' Over Account Hacks in China

Tue, 16 Oct 2018 08:01:04 EDT

Apple apologized over the hacking of some Chinese accounts in phishing scams, almost a week after it emerged that stolen Apple IDs had been used to swipe customer funds.

Walmart's Largest Acquisition Ever Will Dent Retailer's Profit

Tue, 16 Oct 2018 14:36:27 EDT

Walmart lowered its profit targets and said it would open just 10 new U.S. stores next fiscal year, as the world’s biggest retailer digests its $16 billion Flipkart acquisition and focuses on e-commerce.

Trump Complains About Rising Interest Rates, Calling the Fed 'My Biggest Threat'

Tue, 16 Oct 2018 18:48:07 EDT

President Trump reiterated his complaints that the Federal Reserve is raising short-term interest rates too fast, calling the U.S. central bank “my biggest threat.”

U.S. Tax Changes Hit Global Investment Flows

Mon, 15 Oct 2018 15:29:40 EDT

Global business investment flows fell sharply in the first six months of the year, as U.S. companies repatriated profits in response to changes in the country’s tax law, the United Nations said.

Federal Judge Approves Musk, Tesla Settlements With SEC

Tue, 16 Oct 2018 14:13:26 EDT

A federal judge approved settlements between Elon Musk, Tesla and securities regulators over the chief executive’s August tweet saying he had secured funding to take the auto maker private.

Prescription Drugs Power Johnson & Johnson Results

Tue, 16 Oct 2018 11:53:17 EDT

Johnson & Johnson reported higher revenue and profit for the third quarter, as improved pharmaceutical sales helped offset weakness in its medical-device business.

Tariffs Hit Those Trump Wants to Help: U.S. Factories

Mon, 15 Oct 2018 09:59:58 EDT

The Trump administration says tariffs on Chinese imports will shift manufacturing back to U.S. factories, but some companies that have done just that say the tariffs are hurting their business.

Saudi Money Flows Into Silicon Valley, and With It Qualms

Tue, 16 Oct 2018 18:10:00 EDT

Silicon Valley faces a potentially unsettling fact following international backlash over Saudi Arabia’s alleged involvement in the possible murder of a journalist: The kingdom is now the largest single funding source for U.S. startups.

Advertisers Allege Facebook Failed to Disclose Key Metric Error for More Than a Year

Tue, 16 Oct 2018 19:13:07 EDT

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.