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Bacardi Buying Patrón Tequila in Deal Valuing Brand at $5.1 Billion

Bacardi Ltd. is acquiring the maker of Patrón tequila in a deal that values the premium brand at $5.1 billion, one of the biggest liquor buys in years as rivals scramble to own more top-shelf spirits.

U.S. Imposes New Tariffs, Ramping Up 'America First' Trade Policy

The Trump administration announced new trade barriers aimed at protecting domestic makers of solar panels and washing machines from a recent surge of cheap imports.

Adobe CFO Garrett to Retire, Company Books Charge, Raises Guidance

Adobe Systems Inc. finance chief Mark Garrett is retiring from the company after spending more than a decade in that role.

Big Drugmakers Pay Big Prices for Promising Biotechs

Celgene and Sanofi are the latest big drugmakers willing to pay hefty premiums for acquisitions amid an increasingly scarce roster of companies with promising products.

Netflix Continues Landing Customers

Netflix Inc. again posted strong subscriber growth even as it faces increased competition for viewers and programming.

U.S. Tax Overhaul Will Accelerate Global Growth, IMF Says

The global economy will gain momentum in 2018, driven in large part by recently approved U.S. tax-code changes, according to the latest forecasts of the International Monetary Fund.

By Adding to the Debt, Tax Cuts Could Complicate Next Downturn

In enacting a tax cut that is projected to raise annual federal-budget deficits to nearly $1 trillion in the coming years, Washington could be trading more growth now for the risk of more pain down the road.