US Business News

Mercedes-Benz Plans a Pickup for Urban Cowboys

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German auto maker says its coming offering will appeal to existing pickup owners looking for greater luxury and comfort than now available from midsize pickups from Toyota, General Motors and others.

Oil Producers Retreat From China

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Global oil companies are unwinding some big bets they made on China—and that is bad news for the Chinese companies, which need their know-how.

Bahamas Resort's Delay Hurts China's Construction Plans

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The opening of a $3.5 billion Bahamas resort was delayed again as a state-owned Chinese construction company and the local developer feuded over who is to blame for mismanaging the project.

Pepsi-Cola Replaces Diet Coke as No. 2 Soda

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Pepsi-Cola supplanted Diet Coke as the No. 2 soda brand in the U.S. by volume in 2014 as Americans continued to flee diet soft drinks, according to industry data published Thursday.

RadioShack to Fight for Standard General Takeover

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RadioShack said the company-saving offer from Standard General is the best to emerge from an auction that tested the value of the distressed retailer.

Regional Banks Fill Industrial Niche

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Local lender KeyBank is succeeding by going back to its roots, lending to small and mid-size manufacturers.

New Services Cloud AT&T's Bet on Pay TV

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AT&T knew it was buying a melting ice cube when it agreed to acquire satellite-TV company DirecTV last year for $49 billion. But recent moves by HBO, Apple and the NFL have turned the temperature up a few degrees.

Vice Media Lands a Daily Newscast on HBO

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Vice Media, the Web-video upstart whose edgy content has drawn investors and millennial viewers, took a major step toward its goal of becoming a mainstream television outlet, announcing a multiyear agreement with HBO.

Default Threat Haunts Ukrainian Corporate Debt Investors

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Investors in Ukrainian companies’ bonds could be facing huge losses, economists warn, amid concerns the country is hurtling toward a costly default on its government debt.

Meet the Father of Zero-Based Budgeting

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Pete Pyhrr pioneered the use of budgets that required managers to justify spending every year, a technique that reached the White House in the 1970s—then almost disappeared. Now, Heinz, Kraft and other giants are adopting it.

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