|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.