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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.

Trump's Nationalism Veers Right While May's Shifts to Center

The conservative parties in the U.S. and U.K., buoyed by a nationalist push against immigration and trade, face a once-in-a-generation choice: shift toward small-government conservatism, or reach across traditional divides by appealing to workers? Trump and May appear to have chosen differently.

World Trade Flows Suggest Strong Economic Growth This Year

World trade flows grew in the first quarter, continuing a recovery that began in the second half of last year in an indication that the global economy may be set to enjoy a year of stronger growth.

Former VW Compliance Executive Awaiting Trial to Remain in Prison

The Sixth U.S. Circuit Court of Appeals in Cincinnati on Wednesday affirmed a district judge’s order keeping Oliver Schmidt behind bars in Michigan amid concerns he would flee the country if released on a $1.6 million bond.