US Business

US Business

Kushner Cos. Pays $1.1 Billion for Suburban Apartment Portfolio

Fri, 22 Feb 2019 14:51:08 EST

Kushner Cos. has acquired a portfolio of rental apartments for $1.1 billion, its largest transaction in more than a decade.

Fed's Balance-Sheet Runoff Could End in Latter Half of 2019

Fri, 22 Feb 2019 13:51:20 EST

The Federal Reserve could stop reducing Treasury holdings from its $4 trillion asset portfolio in the latter half of the year to determine underlying demand for the central bank’s liabilities, top officials said.

CNN President Defends Appointment of Former Trump Official

Fri, 22 Feb 2019 16:07:47 EST

CNN President Jeff Zucker addressed concerns about his decision to appoint a former Trump administration official as political editor, clarifying that her role won’t involve steering election debate or town hall coverage.

The Oscar Favorite That Created an Existential Crisis in Hollywood

Fri, 22 Feb 2019 18:07:56 EST

“Never-Netflixers” hope a best-picture win for “Roma” won’t sever the connection between movies and theaters.

Fox Cuts Smollett From Final Episodes of 'Empire' Season

Fri, 22 Feb 2019 13:19:21 EST

Actor Jussie Smollett, won’t appear in this season’s final two episodes of the Fox series “Empire” after he was charged by Chicago police with filing a false report.

Barrick Gold Is Considering a Deal With Newmont

Fri, 22 Feb 2019 16:44:54 EST

Barrick Gold said it may pursue a merger with rival Newmont Mining—a potential blockbuster deal that would unite the world’s two biggest gold producers and cap a flurry of recent, big acquisitions by gold miners.

It Shook the Food Business by Snagging Burger King, Kraft and Heinz. Now 3G Is Reeling.

Fri, 22 Feb 2019 21:05:02 EST

The Brazilian investment firm burst onto the scene a decade ago with a string of acquisitions, and then cut costs using a hard-nosed budgeting tactic to create efficient production machines. Now, after transforming the American consumer landscape, its strategy appears to be running out of juice.

Apps Send Sensitive User Information Directly to Facebook

Fri, 22 Feb 2019 19:49:33 EST

Millions of smartphone users confess their most intimate secrets to apps, including personal health information. Unbeknown to most people, in many cases that data is being shared with someone else: Facebook.

AutoNation Names Carl Liebert New CEO

Fri, 22 Feb 2019 12:48:15 EST

AutoNation, the nation’s largest car-dealership chain, has named Carl Liebert its new CEO, tapping an industry outsider to steer the company through a period of transformation in the auto-retailing sector.

At Trump-Kim Summit, Host Vietnam Blazes Trail for North Korea

Sat, 23 Feb 2019 00:08:19 EST

When North Korean leader Kim Jong Un meets President Trump in Hanoi, the venue itself will carry a message for the dictator: Cooperate with the U.S. and you will open the door to an economic transformation like Vietnam’s.

Federal Reserve Report Highlights 'Resilient' Financial System

Fri, 22 Feb 2019 18:33:35 EST

The Federal Reserve said Friday the U.S. financial system remains “substantially” safer than before the 2007-09 recession but noted a significant expansion in business debt and weaker lending standards.

China Trade Talks Extended as Trump Pushes to Close Deal

Fri, 22 Feb 2019 21:45:42 EST

President Trump, citing progress in U.S.-China trade talks, said he is looking at extending a deadline to raise tariffs and hoping to meet next month with Chinese leader Xi Jinping to complete a broad trade agreement.

Keeping Chanel on Top in the Post-Lagerfeld Era

Fri, 22 Feb 2019 17:43:07 EST

The French luxury house has for years played hardball with retailers, and the industry is wondering whether it can keep its sway after Karl Lagerfeld’s death.

Economists' Advice to Fed: Look at Rising Prices and Tight Labor Market

Fri, 22 Feb 2019 18:35:17 EST

A paper presented at a monetary policy conference Friday argues Federal officials should worry that a tight labor market could generate more inflation than they want.

U.S.-Huawei Fight to Take Center Stage at Trade Show

Fri, 22 Feb 2019 21:48:04 EST

A large delegation of U.S. officials is heading to Spain for the world’s largest telecommunications trade show, planning to ratchet up a monthslong offensive against Huawei that has produced mixed results.

Evan Williams, Twitter Co-Founder, to Leave Board

Fri, 22 Feb 2019 18:32:00 EST

Twitter co-founder and former Chief Executive Evan Williams is stepping down from the company’s board, closing a 13-year run that started with a simple idea to use up some leftover money.