The Morning Ledger: Trump’s Trade Action on China Stalls Amid North Korea Tensions
A U.S. plan to crack down on Chinese IP policies faces delays. Vantiv buys Worldpay and Disney ends its cooperation with Netflix.
A U.S. plan to crack down on Chinese intellectual property policies is delayed as the Trump administration tries to win Beijing’s cooperation on North Korea’s nuclear program.
International markets, bolstered in recent weeks by a lofty earnings season, were hit by a heightened risk of conflict after President Trump warned Pyongyang against making any more threats to the U.S. Then North Korea said it is considering a plan to launch missiles at Guam
Walt Disney Co. said Tuesday it will launch a pair of video-streaming services in the next two years, ending a distribution deal with Netflix as it responds to the cord-cutting trend pressuring the cable industry.
Ohio-based Vantiv agreed to acquire U.K. payments processor Worldpay Group for about $10.4 billion in cash and stock, one of the biggest deals in the fast consolidating sector.
SoftBank and its Vision Fund are closing a $1 billion investment in online sports retail company Fanatics, part of a sizable bet the startup’s licensing agreements give it the power to compete with Amazon.com.
Ford Motor executive chairman Bill Ford this spring led a management shake-up to shift the company faster into electric vehicles, self-driving cars and ride-sharing services. “The role we’re in now requires us to stick our necks out,” he says in an interview.
Uber plans to wind down its U.S. subprime car-leasing division to stem unsustainably high losses, a major retreat just two years after starting the business.
Apple has spent more than $11 billion on R&D in the last 12 months, pointing to possibly big new things on the horizon. But expenditures by the world’s richest company also lag top rivals Google, Microsoft and Amazon—which means even more investments are likely.
Short sellers and options traders are betting on more turbulence for the struggling American retail sector.
Wells Fargo is facing more regulatory scrutiny related to auto-insurance practices, this time over GAP insurance.
Ten years ago this Wednesday, the first glimpses of the global financial crisis came into view. That day didn’t expose just the disarray of the global financial industry. It also illuminated behavioral patterns that helped accentuate the crisis.
A federal appeals court criticized the Securities and Exchange Commission for approving a fee plan by the options industry’s major clearinghouse and told the regulator to redo its work.
Alabama, Florida, Kentucky, Illinois, Indiana, Iowa, Michigan, Mississippi, North Carolina, South Carolina and Texas are among the states on the shortlist to host the $1.6 billion factory.
Companies such as Uber, Lyft and DoorDash that rely on part-time workers are offering richer benefits and perks to attract and retain workers amid a hot labor market.
Tesla has raised billions of dollars in equity by selling stock investors a story of unlimited growth. Now they’re hoping the same playbook will work with bond investors.
Blackstone Group said it has agreed to acquire a majority stake in rescued Spanish lender Banco Popular Español’s real-estate portfolio, a vote of confidence by the U.S. asset manager in Spain’s robustly recovering economy.
An Abu Dhabi sovereign-wealth fund said it has extended the deadline for Malaysia’s 1MDB to make a payment of about $600 million, giving its former business partner until the end of August to honor its obligations.
Springfield, Mass., has long prided itself on innovation, but like other small and mid-sized cities in the Northeast and Midwest, it has struggled to share in the nation’s economic recovery.