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Futures News - WSJ.com: US Business
From today, February 20, 2019
- Walmart Posts Strong Holiday Sales Gains in U.S.
Walmart?s profit and sales rose over the winter holidays, a sign that the retail giant lured shoppers from rivals and that Americans continued to spend freely amid mixed economic signals.
- Ford to Exit Heavy-Truck Business in South America
The auto maker intends to stop making heavy trucks in Latin America and end production at an assembly plant in Brazil this year.
- Pentagon Cloud-Computing Contract Sought by Amazon Faces New Hurdle
A federal judge delayed a lawsuit over a massive Pentagon cloud-computing contract Amazon.com was favored to win while the government continues to investigate possible conflicts of interest in the procurement process.
- Karl Lagerfeld, Chanel's Creative Force, Dies
German designer Karl Lagerfeld, who dominated high fashion for decades and reinvigorated French couture house Chanel as creative director, has died.
- Companies Roll Out Gunshot Detectors at the Office
Corporate executives worried about workplace shootings are quietly installing gunfire-detection systems in U.S. offices and factories. Most don?t tell employees what the sensors are, for fear of alarming them.
- Europe Again Champions Intervention to Counter China's Economic Might
Europe?s struggle to keep up with China?s government coordination of business and economic might of the U.S. has prompted more European politicians to advocate interventionism.
- As China Trade Talks Resume, Trump Pushes an Ambitious Agenda
The Trump administration is racing to strike a deal that will result in long-term reforms?and prove that tariffs are an effective battering ram to open markets around the world.
- Fed's Mester Sees Rates Slightly Higher This Year
Cleveland Fed President Loretta Mester said she expects interest rates to rise slightly this year if the economy lives up to her expectation of solid performance.
- Worrying About Deficits Falls Out of Style
Washington?s red-ink alarms have gone dead, even though the annual deficit will reach roughly $900 billion this year, then pass the trillion-dollar mark annually starting in 2022. Is this lack of concern wise?
- Worry About Debt? Not So Fast, Some Economists Say
As the national debt swells, some economists are making a once-heretical argument: The U.S. needn?t be so worried about all of its red ink.
- Medtronic Swings to Profit Despite Slowdown in Heart-Failure Treatments
Higher sales of medical devices used in the treatment of brain and kidney diseases helped Medtronic offset a slowdown in sales of gear for heart conditions in its latest quarter.
- Acknowledge, Apologize, Investigate: How Brands Tackle Online Outrage
If it feels like there is a steady stream of fresh outrage over consumer-brand gaffes, it may be because companies have become more adept at managing controversy than at pre-empting it.
- In Rebuke to U.S., Germany Considers Letting Huawei In
Germany is leaning toward letting the Chinese tech giant participate in building its high-speed internet infrastructure despite U.S. warnings.
- Herbalife Sales Rise 9% in Latest Quarter
Herbalife Nutrition, whose chief executive abruptly resigned last month, reported a 9% sales increase in its latest quarter, driven largely by growth in Asia Pacific.
- Glencore to Cut Production at Major Copper, Cobalt Mine
Glencore plans to curb production at one of its biggest copper and cobalt mining operations, Mutanda Mining Sarl in Congo, potentially taking a sizable portion of two industrial metals out of circulation.
- Honda Plans to Shift Some U.K. Civic Production to North America
Honda?s chief said he wanted to move some production of Civics to North America from a closing U.K. car plant, offering an example of shifts that may ensue after Brexit.