US Business News

Hyundai Workers Endorse Strike

Related Link: 

Unionized workers at Hyundai Heavy Industries late Wednesday endorsed a possible strike over wage and benefit issues, threatening to halt production at the world’s biggest shipbuilding company for the first time in 20 years.

TPG Buys Minority Stake in GreenSky

Related Link: 

Private-equity firm TPG has taken a minority stake in GreenSky Trade Credit LLC, an investment that values the consumer-finance company at nearly $2 billion.

Clouds Darken for Blue Chips

Related Link: 

Blue-chip companies are posting poor growth as their once-reliable formulas for success left them too big to switch tack quickly when market conditions changed.

Maglev Supporters Want Washington-New York Train

Related Link: 

Days after the Japanese government approved plans to build a floating train that would halve the travel time between the country’s two largest metropolitan areas, supporters of the technology are stepping up their campaign to bring a similar system to the Northeast Corridor of the U.S.

Dow Chemical Results Top Expectations

Related Link: 

Dow Chemical, which has been selling off assets and streamlining its operations, said its profit rose as sales thrived across the company’s segments.

EMC to Fold In VCE Venture, Reducing Cisco's Stake

Related Link: 

EMC Corp. confirmed it will buy a portion of Cisco Systems Inc.’s stake in a joint venture called VCE, effectively making that company part of EMC.

Free Shipping Is Going to Cost You More

Related Link: 

Retailers including Amazon, Best Buy and Gap are boosting the amount online shoppers must spend to qualify for free shipping, hoping to cover the growing cost of providing the perk.

Fracking Firms: Victims of Their Own Success

Related Link: 

The fracking surge in Pennsylvania’s Marcellus Shale has caused gas prices to crater, forcing drillers to re-evaluate operations.

Air Bag Recalls Trigger New Scrutiny

Related Link: 

A suddenly expanded recall of air bags is turning into a new safety crisis for the auto industry and intensifying scrutiny of U.S. regulators’ ability to oversee auto makers and their suppliers.

Luxottica Names P&G veteran as Co-CEO

Related Link: 

Luxottica named a P&G veteran as a co-CEO on Wednesday, seeking to put an end to a month of turmoil caused by the return of founder Leonardo Del Vecchio to active management of the world’s largest eyewear group.

Syndicate content