US Business News

PepsiCo Boosts Earnings Forecast

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PepsiCo raised its earnings forecast for the year as the snack-and-beverage giant reported a surprise increase in core profit, boosted by lower raw-material costs, despite sliding revenue.

Car Makers Rev Up Push Into Electric Vehicles

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At the Paris Auto Show, which begins this week, the world’s biggest auto makers are unveiling plans to accelerate development of electric vehicles.

New Adidas CEO Confronts 'High Bar'

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Kasper Rorsted takes over as CEO of Adidas on Saturday. He joins the sporting-goods maker after leading a turnaround at German consumer-products giant Henkel.

Spotify Streams Into Japan

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Sweden’s Spotify has joined other online music providers trying to crack the Japanese market, where compact discs still dominate.

Music-App Maker Shazam Finally Turns a Profit---But Not From Music

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After 17 years, music-discovery company Shazam Entertainment is turning an operating profit. The app maker earns most of its revenue from advertisers, who pay to use its image-recognition and sound-recognition technology in their marketing campaigns.

Funding Sources Shift for Startups

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Startups are relying more heavily on savings and credit cards and less on two once-common sources of funding, bank loans and home equity, according to an analysis of government data.

Redstone Firm to Call on Viacom, CBS to Weigh Merger

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Weeks after cementing a powerful role in her family’s $40 billion media empire, Shari Redstone is moving to undo the last big strategic move of her ailing father, Sumner Redstone: the divorce of Viacom and CBS.

California Law Strengthens Background Checks for Uber and Lyft

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Drivers of ride-hailing companies Uber Technologies Inc. and Lyft Inc. will face stiffer criminal background checks in California under a new law signed by Gov. Jerry Brown on Wednesday.

Fed's Yellen Says 'No Fixed Timetable' on U.S. Rate Increase

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Federal Reserve Chairwoman Janet Yellen told U.S. lawmakers on Wednesday that there is “no fixed timetable” for raising interest rates as the economy continues its recovery.

Gogo to Speed Up In-Flight Internet Service...in 2018

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Airplane internet provider Gogo plans to overhaul its overburdened network, but this isn’t likely to happen for another two years because of the need for new equipment.

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