US Business News

How Mobile Games Rake In Billions

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Behind a pair of recent multibillion-dollar deals in the mobile videogame industry is an expertly crafted weapon: virtual goods sold inside apps for as little as 99 cents a pop. In-app purchases let players spend real money to bypass ads, acquire skills or grow powerful quickly.

At VW, Hefty Scandal-Related Charges Drag Down Profit

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The German auto maker’s operating profit surged nearly 20%, but that was halved by charges, largely related to the company’s emissions-cheating scandal.

Hershey Posts Revenue Gain as It Swings to Profit

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Hershey said its U.S. candy sales will be lower than expected this year, as the chocolate giant beefs up its cost-cutting efforts after rejecting a buyout offer from Mondelez International.

Apple's Hard-Charging Tactics Backfire in TV

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Some of the tactics used by Apple to achieve success have hurt its efforts to revolutionize the TV-watching experience. In search of its new big thing, the company has alienated cable providers and networks with an assertive negotiating style.

U.S. Jobless Claims Rose, but Still Point to Expanding Labor Market

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The number of Americans filing new applications for jobless benefits climbed last week—rising 14,000 to a seasonally adjusted 266,000—though that level continues to point to an growing job market.

Fed Leaves Door Open to Move as Soon as September

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The Fed upgraded its economic assessment and said near-term risks have diminished, effectively leaving the door open to raise rates as early as September.

The Economy Is Again Under the Sway of Asset Prices

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The rise in wealth and asset prices underscores their increasing importance since the 1990s, and how vulnerable the economy remains to any shock that forces a sudden reassessment of their value, Greg Ip writes.

Global Economy Week Ahead: Fed and BOJ Decisions, Eurozone GDP

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It will be a big week in monetary policy as the U.S. Federal Reserve and Bank of Japan announce their latest monetary moves and Brazil’s central bank unveils the minutes from its first policy decision under its new governor.

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