US Business News

Middle East Refinery-Expansion Plans Hit Snags

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Middle Eastern countries are experiencing setbacks in plans to expand their oil-refining capacity, dealing a blow to efforts to address an expensive irony: petroleum-rich nations importing products such as gasoline.

U.S. Manufacturers Expand at Slower Pace in July

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U.S. manufacturers expanded at a slower pace in July, according to a survey released Monday by the Institute for Supply Management, the latest signs of tepid growth in the sector.

Auto Makers Post Strong U.S. Sales

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U.S. auto sales continued their strong pace in July as the appetite for trucks and sport-utility vehicles overcame the fading popularity of fuel-efficient cars.

BMW, Daimler and Audi to Buy Nokia's Maps Business

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Germany’s biggest auto makers have clinched a deal to buy Nokia’s digital mapping business, beating out rival bidders for some of the vital technology for self-driving cars in a $3.1 billion acquisition.

Dalian Wanda to Close Some Wanda Stores

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Chinese property and entertainment giant Dalian Wanda Group is closing some Wanda department stores amid poorer sales and is exiting the karaoke business.

Companies Sour on Delaware as Corporate Haven

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The most popular state for corporate registrations now has challengers who say it doesn’t offer enough protections against shareholder lawsuits.

U.S. Consumer Spending Up 0.2% in June

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Americans curbed their spending increases in June, a sign that weak wage growth might be weighing on consumers.

Heineken Boosted by Emerging Markets

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Heineken reported a rise in profit and revenue as the Dutch brewer benefited from strong demand for its premium beers and from robust sales in emerging markets.

Aid's Role in Rising Tuition Gains Credence

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More economists believe the federal government’s loose standards for student loans are fueling a vicious cycle of higher college tuition prices, similar to what some say happened with the housing bubble.

'Mission: Impossible' Speeds to No. 1

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“Mission: Impossible—Rogue Nation” opened in first place at the box office with an estimated $56 million, a terrific boost for the spy series and its star, Tom Cruise. Audiences, however, didn’t go with “Vacation,” the latest National Lampoon installment.

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