Wall Street Journal Business

Syndicate content WSJ.com: US Business
US Business
Updated: 16 min 41 sec ago

Fortune to Stop Distributing Absolut in U.S.

33 min 7 sec ago
Fortune Brands agreed to relinquish the rights to distribute Absolut vodka in the U.S. in exchange for a $230 million payment from Pernod Ricard.

Price Cuts Squeeze Dell's Profit

35 min 7 sec ago
Dell's profit fell 17%, hurt by aggressive price cutting as the PC maker expanded into retail and overseas markets. Executives forecast conservative tech spending in the U.S. and Europe. Shares fell 10% after-hours.

Boeing Gives Machinists Final Offer

1 hour 53 min ago
Boeing presented its machinists with a final three-year contract offer, hoping to smooth a volatile relationship with its largest labor union and avoid a second strike since 2005. (Company's offer)

Boeing to Sell Missiles to Taiwan

3 hours 42 min ago
The U.S. government awarded a contract to Boeing for the sale of antiship missiles to Taiwan, amid a continuing delay in approval for the sale of another, larger American weapons package to the island.

New Guidelines on White-Collar Crime

3 hours 50 min ago
The Justice Department issued new internal guidelines to restrict prosecutor leverage in white collar crime cases. Defendants scored a big victory in a separate, closely watched tax case involving former KPMG officials.

Economy Grew 3.3% in 2nd Quarter

4 hours 16 min ago
The U.S. economy was much stronger in the spring than first thought, with GDP rising 3.3%, but the pace is expected to slow over the rest of the year.

Briggs Helps Clients Cut Event Costs

5 hours 14 min ago
Tough economic times demand change, even for companies such as Briggs, whose event-planning services cater to the elite. The company is helping their clients trim back costs, while still maintaining its aura of high-end service.

Energy Firms Halt Output Ahead of Gustav

5 hours 37 min ago
Shell and other oil and gas producers began shutting down their Gulf of Mexico production as Gustav remained on course to sweep through the region's energy corridor.

Hochfelder Accused of Larceny in Deals

9 hours 7 min ago
New York real-estate investor Adam Hochfelder has been arrested for allegedly "stealing more than $17 million from a panoply of banks and individuals."

U.S. Auto Sales Headed for Decline

9 hours 42 min ago
New-vehicle sales in the U.S. for August are on track to drop 14% from a year earlier as the industry's slump continues, according to car-shopping Web site Edmunds.com.

Fannie Names New CFO, Risk Chief

10 hours 14 min ago
Fannie Mae shook up its top ranks, announcing its chief business officer and two others are leaving as it moves to save capital. Shares surged 15%.

Tiffany's Earnings Sparkle

10 hours 56 min ago
Tiffany doubled its quarterly net income as the upscale jeweler continued to see strong sales growth in the Asian-Pacific and Europe regions.

SEC Lays Out Accounting Shift

12 hours 46 min ago
The SEC kicked off a process that could ultimately require all American companies to follow international accounting standards.

More Artists Steer Clear of iTunes

Wed, 08/27/2008 - 23:46
A growing number of record companies are starting to think Apple's iTunes service is crimping overall sales.

UAL Sickout Suit Heard

Wed, 08/27/2008 - 23:43
UAL, parent of United Airlines, and its pilots union appeared in U.S. District Court in Chicago, with the airline seeking a preliminary injunction against pilots, alleging an illegal "sickout" in July.

Spending on Servers Slowing

Wed, 08/27/2008 - 23:04
World-wide spending on servers is showing signs of slowing down as manufacturers resort to price cuts.

Detroit's Big Three Seek Loans

Wed, 08/27/2008 - 23:03
Detroit's beleaguered auto makers must overcome tight timelines and tricky election-year politics to win support for as much as $50 billion in government loans.

American Media May Receive Lifeline

Wed, 08/27/2008 - 23:02
American Media has secured the backing of many of its creditors for a new bond offering to refinance $570 million in existing debt. The deal likely saves the struggling tabloid publisher from having to seek bankruptcy protection.

CBS Gives CNET Site a Makeover

Wed, 08/27/2008 - 22:58
CBS is launching a new version of its CNET.com Web site this week, providing a glimpse at how it hopes to integrate CNET Networks.

Starbucks CEO Won't Receive Raise

Wed, 08/27/2008 - 22:51
Starbucks CEO Schultz and other top managers will not get salary increases next fiscal year, according to an internal memo, reflecting the coffee chain's effort to rein in spending.