Facebook and Microsoft to Build Fiber Optic Cable Across Atlantic

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Facebook Inc. and Microsoft Corp. have teamed up to build a new fiber optic cable under the Atlantic Ocean, the latest evidence that the biggest U.S. tech companies are seeking more control over the Internet’s plumbing.

Big Oil Companies Stay Shy Despite Upswing in Prices

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The world’s biggest energy companies are treating with caution the rally that briefly lifted crude-oil prices over $50 a barrel this week, wary of boosting spending and production too soon.

Netflix Loses Bid to Release Relativity Films Ahead of Theaters

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A bankruptcy judge on Friday delivered a defeat to Netflix Inc., which has fought for the right to release two films produced by Relativity Media LLC on its streaming platform ahead of their expected theatrical release.

U.S. First-Quarter GDP Growth Revised Higher to 0.8%

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The U.S. economy’s first-quarter slowdown was less pronounced than initially thought, and recent data have pointed to a pickup for growth this spring.

Activist Ackman Tries Life as an Inside Man

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After firing Valeant’s CEO, investor William Ackman has been defending the embattled drug company from outside critics.

Delay for Boeing's New Aerial Tanker

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Boeing Co. said that first deliveries of its KC-46 tankers to the U.S. Air Force will be delayed by five months.

Williams and Energy Transfer: No Rhyme or Reason

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Energy Transfer Equity’s counterclaims in a suit against Williams Cos are hard to swallow.

Yellen Says Fed Could Raise Rates 'in Coming Months'

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Federal Reserve Chairwoman Janet Yellen said a rate increase would be appropriate “probably in the coming months” if the economy and labor market continue to strengthen.

Cellphone-Cancer Link Found in Government Study

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A major U.S. government study on rats has found a link between cellphones and cancer, an explosive finding in the long-running debate about whether mobile phones cause health effects.

Verizon, Unions Reach Labor Pact

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Verizon Communications and its labor unions have reached an agreement in principle that would end a weekslong labor strike.

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