|China's Road to Electric-Car Domination Is Driven in Part by Batteries|
Batteries have emerged as a critical front in China’s campaign to be the global leader in electric vehicles, but foreign auto makers and experts say it has set up the market to favor domestic suppliers.
|Fox Aware of O'Reilly Settlement at Contract Renewal|
21st Century Fox knew of a settlement Bill O’Reilly had reached with a network analyst who had accused him of sexual harassment when the company renewed the star Fox News host’s contract, the company said Saturday.
|FAA Steps Up Warnings on Lithium-Battery Fire Hazards|
Tests by the Federal Aviation Administration found that in extreme circumstances, a single seriously overheating laptop can produce a blaze capable of disabling fire-suppression systems in cargo holds of passenger planes.
|Big Oil Set for Bumper Profits Despite Cheap Crude|
When some of the world’s largest energy companies report earnings next week, it will provide a glimpse into whether they are improving profitability as oil prices continue to hover around $50 a barrel.
|Procter & Gamble Puzzled by Weak Consumer Spending|
Procter & Gamble recorded sluggish growth during the first quarter as it battles a challenging market for consumer-goods makers.
|With Workers Split Over Trump, Unions Look to Bridge the Divide|
At the largest meeting of organized labor next week, U.S. unions are shutting out politicians so they can determine who their friends are.
|Trump Signals Yellen Still a Top Fed Candidate After Meeting This Week|
Donald Trump signaled that Fed Chairwoman Janet Yellen remains a strong candidate to be renominated for the job after the two met this week, saying he liked her “a lot,” while also highlighting John Taylor and Jerome Powell as front-runners.
|Housing-Supply Shortage Weighs on Home Sales|
Sales of previously owned homes declined on an annual basis for the first time since July 2016, suggesting a chronic shortage of homes for sale is beginning to take a bigger toll on the market.
|U.S. Jobless Claims Fall to 44-Year Low|
The number of Americans filing applications for new unemployment benefits fell to the lowest level in 44 years, reflecting power outages in storm-ravaged Puerto Rico and the U.S. Virgin Islands that have disrupted the application process.
|Merck to Shed Some U.S. Sales Reps to Cut Costs|
Merck & Co. said it is laying off nearly 7% of its U.S. workforce in a reorganization the company says will cut costs and shift focus to products with growth potential.