US Business News

Outgoing Canadian Pacific CEO and Activist Investor to Target CSX

Related Link: 

Hunter Harrison, the railroad veteran who announced his early departure from Canadian Pacific Railway, is joining with an activist investor in an attempt to shake up management at rival railroad CSX.

Baidu CEO Gets Management Help

Related Link: 

China Circuit columnist Li Yuan says Baidu’s CEO is getting management help with a new president, Qi Lu, a former Microsoft executive.

FCC's TV Airwaves Auction Nears End With About $18 Billion in Bids

Related Link: 

The Federal Communications Commission’s auction of television airwaves is wrapping up after attracting about $18.2 billion in bids, far less than the last sale of government licenses amid weaker demand.

Yellen Says Nonpartisan Fed Will Focus on the Economy

Related Link: 

Federal Reserve Chairwoman Janet Yellen defended the central bank as a nonpartisan institution, saying it would react to economic developments regardless of short-term political pressures.

Financial Crisis, Regulatory Agenda Shaped Obama's Economic Legacy

Related Link: 

President Barack Obama took office in the middle of a financial crisis with Corporate America hemorrhaging jobs. He leaves with stocks near record highs and 75 straight months of job creation. Yet his economic legacy is marred by a long run of slow wage growth, low worker productivity and the slowest economic expansion in post-World War II history.

Inflation Gauge Tops 2%, Supporting Fed's Plan to Raise Rates

Related Link: 

A broad measure of inflation poked above 2% for the first time in two-and-a-half years in December, a sign of diminished economic slack that could support additional moves by the Federal Reserve to raise interest rates this year.

Google Agrees to Buy Twitter Unit Called Fabric

Related Link: 

Alphabet Inc.’s Google agreed to acquire Fabric, a unit from Twitter that runs a tool for developers to make mobile apps.

Trump Comments Signal Shift in Approach to U.S. Dollar

Related Link: 

By talking down the value of the U.S. dollar, President-elect Donald Trump is potentially veering away from more than two decades of strong-dollar precedent.

Trump Has IMF Recalculating Global Growth Outlook

Related Link: 

The International Monetary Fund raised its economic growth forecasts for the U.S., saying output could grow nearly a half-percentage point faster than previously thought over this year and next, thanks to President-elect Donald Trump’s plans to cut taxes and boost infrastructure spending.

A Delicate Balancing Act: Rewarding Voters While Preserving Growth

Related Link: 

Will antiestablishment leaders, once in power, reward the people and regions that backed them at the expense of more dynamic regions and industries, hobbling economic growth?

Syndicate content