Aluminum and steel producers hope tariffs under consideration by the Trump administration will heat up demand for their products, but the U.S. remains an expensive place to make the metals.
Wall Street Journal
The recent budget deal has handed U.S. defense companies an extra $75 billion over the next two years as the Pentagon boosts spending on aircraft, missiles, tanks and maintaining older equipment.
The Justice Department asked a federal judge not to allow AT&T Inc.’s defense of its proposed acquisition of Time Warner Inc. to include a claim that the Trump administration improperly challenged the deal for political reasons.
A political battle raged for nearly two years over a bid by Chinese investors to purchase the Chicago Stock Exchange. In the end, the government’s decision to reject it wasn’t a close call.
Puerto Rico’s hurricane-battered electric utility is seeking court approval of $300 million in emergency financing after a federal judge rejected a request for a larger loan opposed by the utility’s bondholders.
Jerome Powell is stressing continuity as he takes over as Fed chairman, which suggests the central bank will keep gradually raising interest rates this year, unperturbed by recent market volatility and signs of firming inflation.
Thousands of customers of Coinbase, one of the largest bitcoin-related firms dealing with the public, may have suffered repeated, incorrect duplicate charges on their digital-currency purchases.
Mattel Chief Executive Margo Georgiadis is shutting down products with extraneous technology from its Barbie lineup and elsewhere in the toy maker’s portfolio.
Wall Street CEOs are getting paid the big bucks again. Goldman Sachs Group Inc. and Citigroup Inc. said they gave their CEOs raises for 2017, meaning all five large U.S. banks with significant trading and investment-banking operations have done so.