US Business News

Pentagon Still Plans Long-Term F-35 Increase

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Plans by the U.S Air Force to trim its F-35 Joint Strike Fighter order this year won’t affect a planned long-term increase in output to make the plane more affordable, a senior Pentagon official said Wednesday.

Walgreens Threatens to End Theranos Agreement

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The blood-testing firm got a 30-day deadline from Walgreens to resolve major infractions that violate the federal law governing clinical laboratories.

AB InBev Gets $2.9 Billion Offer for Europe Brands

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Anheuser-Busch InBev said it has received a binding offer valued at about $2.9 billion in cash from Japan’s Asahi Group Holdings for the Peroni and Grolsch brands.

Andreessen Horowitz Sells Some Lyft Shares to Prince Al-Waleed

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Two of the most prominent investors in ride-hailing service Lyft Inc. quietly sold $148 million in shares of the company in recent weeks, according to people familiar with the matter.

A.P. Moeller-Maersk Earnings Hit by 'Perfect Storm'

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A.P. Moeller-Maersk swung to a hefty fourth-quarter net loss as tumbling freight rates and sluggish trade growth hit its key shipping business, while its oil unit took a $2.5 billion charge.

Uber Gears Up for French Court Battle

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Two top executives at Uber will face criminal charges in France on Thursday, in an emblematic battle for the car hailing company in a market that is one of its biggest but also one of its most fraught.

Pinewood Studios Owner Considers Sale

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Pinewood Group, owner of the British studio where the latest “Star Wars” as well as James Bond movies like “Spectre” and “Dr. No” were shot, said it is considering selling the business. The company’s share rose sharply.

Janet Yellen Signals Caution on Rates

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Federal Reserve Chairwoman Janet Yellen flagged risks to the economic outlook that could delay the central bank’s plans for raising short-term interest rates, in her semiannual testimony to Congress on U.S. monetary policy.

How Japan's 'Abenomics' Reached an Impasse

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Prime Minister Shinzo Abe’s economic-revitalization plan was a bet that a committed central bank could jolt Japan out of decades of decline. But the bank’s failure to generate a sustained economic upswing suggests the “Abenomics” program has reached an impasse.

Designer's Close Eye on L.A. Youth Culture Revives Saint Laurent

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French designer Hedi Slimane’s close attention to youth culture in Los Angeles has translated into rock-inspired looks that almost doubled the Saint Laurent fashion brand’s revenue in his first two years on the job.

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