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Lowe's to Exit Mexico Retail Business, Shed Contracting Service

Tue, 20 Nov 2018 14:34:28 EST

Lowe’s plans to exit its retail businesses in Mexico and shed two of its lower-performing home-improvement businesses in a bid to refocus its core operations and help it compete with rival Home Depot.

Fed Official Quarles Poised to Lead Financial Stability Board

Mon, 19 Nov 2018 21:05:46 EST

Randal Quarles, the Fed’s vice chairman for bank supervision, is expected to be named to chair the Financial Stability Board, a global body overseeing financial regulations, according to people familiar with the matter.

U.S. Housing Starts Increased in October

Tue, 20 Nov 2018 14:59:43 EST

U.S. housing starts rose last month on a bounceback in multifamily building, but underlying figures signal weakness in the construction pipeline.

Desperate Venezuelans Dig Up Paradise in Search of Gold

Tue, 20 Nov 2018 23:08:25 EST

The indigenous Pemon people have long served as stewards of the national park that holds the world’s highest waterfall. Now Venezuela’s economic distress has pushed them into digging for gold in vast open-pit mines.

Walgreens, Humana in Preliminary Talks to Take Stakes in Each Other

Tue, 20 Nov 2018 19:46:52 EST

Walgreens Boots Alliance and Humana are in preliminary discussions to take equity stakes in each other, as health-industry players scramble for tie-ups that will help them compete in a rapidly evolving environment.

Apple in Talks to Give Veterans Access to Electronic Medical Records

Tue, 20 Nov 2018 19:16:18 EST

Apple is in discussions with the Department of Veterans Affairs to provide portable electronic health records to military veterans.

Amidst Roaring Economy, Markets Sound Alarms

Tue, 20 Nov 2018 18:24:00 EST

The U.S. economy is firing on all cylinders while growth abroad slows. Markets are signaling increased concerns as JPMorgan economists chart a rise in the likelihood of a recession starting within the next 12 months.

Regulators Urge Consumers to Avoid Romaine Lettuce as They Probe E. Coli Outbreak

Tue, 20 Nov 2018 17:05:34 EST

U.S. officials warned consumers not to eat romaine lettuce as they investigate a new, multistate E. coli outbreak, the second episode this year linked to the leafy salad green.

FedEx to Add 1,000 Electric Vehicles to Parcel Fleet

Tue, 20 Nov 2018 14:53:19 EST

FedEx is adding 1,000 electric delivery vans to its fleet, a move aimed at tamping down emissions in parcel delivery operations as regulators push to rein in pollution from commercial vehicles.

Ghosn's Arrest Rocks Auto Empire

Tue, 20 Nov 2018 20:09:55 EST

As Carlos Ghosn remained in detention in Japan for alleged financial misconduct, members of the globe-spanning automotive partnership he leads moved to make sense of his arrest and fill the void left by his absence.

Amazon Employees Join Long Island City Condo Rush

Tue, 20 Nov 2018 14:58:04 EST

Condo sales in Long Island City are suddenly soaring, thanks to Amazon’s decision to open a headquarters in the Queens, N.Y., neighborhood.

Gap Looking to Close Hundreds of Weaker Stores

Tue, 20 Nov 2018 20:02:47 EST

Gap Inc. said it is exploring whether to close hundreds of underperforming stores at its namesake brand, after the unit reported a 7% decline in quarterly comparable sales.

Megyn Kelly Nears Deal to Leave NBC News With Entirety of $69 Million Contract

Tue, 20 Nov 2018 20:21:54 EST

Megyn Kelly is nearing a deal with Comcast Corp.’s NBC News to walk away with the full value left on her three-year, $69 million contract with the network, according to people familiar with the matter.

Federal Reserve Not Likely Swayed by Market Declines

Tue, 20 Nov 2018 19:47:26 EST

Officials at the Fed have indicated in recent days that they plan to proceed with a December rate hike, despite the downturn in stock prices.

FAA Sides With United in Newark Airport-Fee Dispute

Tue, 20 Nov 2018 17:27:41 EST

United Continental Holdings has won a victory in a yearslong battle with the Port Authority of New York and New Jersey over what the airline said were exorbitant fees at Newark Liberty International Airport.

U.S. Manufacturers Push FTC to Crack Down on False 'Made in America' Labels

Tue, 20 Nov 2018 15:21:54 EST

Manufacturers of U.S.-made products, hoping to capitalize on President Trump’s aggressive stance on China, are calling for tougher action against companies that make bogus “Made in the USA” claims.

Nielsen Holdings Names IBM's David Kenny as CEO

Tue, 20 Nov 2018 18:50:37 EST

Nielsen Holdings appointed David Kenny as CEO, as the ratings and data giant reviews its strategic options amid activist pressure to either sell or spin off parts of its assets.


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