|Ford CEO Shift Hands Larger Roles to Two Key Lieutenants|
New CEO Jim Hackett is handing greater sway to lieutenants Joe Hinrichs and Jim Farley.
|GE Chief Adds Some Caution to 2018 Profit Goal|
Jeff Immelt, General Electric Co.’s chief, said the conglomerate would likely need additional cost cuts to reach a closely watched 2018 profit target, given current struggles in global oil and gas markets.
|Cerberus, American Eagle Work on Abercrombie Bid|
Private-equity firm Cerberus Capital is working on a bid for teen-apparel retailer Abercrombie & Fitch alongside American Eagle, which could give American Eagle a leg up in the pursuit of its struggling rival.
|J.Crew's Mickey Drexler Confesses: I Underestimated How Tech Would Upend Retail|
The retail legend didn’t understand how speed and price would drive internet shoppers. After 10 quarters of falling sales, the brand wants to create a more accessible image and add digital marketing.
|Why Earnings Have Investors Feeling So Happy|
Earnings at U.S. companies grew at the fastest pace in the first quarter in nearly six years, the latest boon to a bull market that has stretched into its ninth year.
|Fed Minutes Signal Officials Ready to Raise Rates Again Soon|
Federal Reserve officials expected at their meeting this month that it would “soon be appropriate” to raise rates, according to minutes of the gathering, a signal the central bank could lift its benchmark rate in June.
|Mnuchin Wants Debt-Limit Increase With No Conditions|
Trump administration officials, testifying on Capitol Hill Wednesday on their 10-year budget plans, pointed to a more pressing fiscal problem: They could run out of room to pay the government’s bills within the next few months.