- BNP Paribas, France's largest bank, has pleaded guilty in New York to a federal charge of violating U.S. economic sanctions by processing transactions for clients in blacklisted countries.
- The Dow Jones industrial average topped 17,000 for the first time Thursday, the index's first big 1,000-point milestone this year, following news that hiring in the U.S. accelerated last month.
Spike in Gas Costs Pushes Up Inflation Gauge Consumer prices continued to rise in June but decelerated outside a spike in gasoline costs, a sign of firming—but not runaway—inflationary pressures that could ease pressure on Federal Reserve officials as they debate when to raise interest rates.
Hedge Funds Saved Billions in Tax: Senate Hedge funds used a tax avoidance technique offered by Wall Street banks for years to skirt federal leverage trading limits, with one well-known trading firm potentially saving $6.8 billion in U.S. taxes, Senate investigators claim.
EU Infrastructure Cutbacks Worry Economists Outlook: Hit by the recession, a number of European governments cut capital spending on transportation, housing, education and other areas, a move that some experts say will harm economic growth.
This Way Up: Mobility in America Essay: Economic mobility is alive and well for Americans who pursue technical or practical training. The U.S. economy's future could lie along the career paths of welders, nurses and franchise owners.
Blame It on the Rain: Housing Starts Sink 9.3% U.S. home construction tumbled in June due to a stretch of wet weather in the South, a decline that analysts said was likely a temporary departure from a trend of recovery in the housing market.
Yellen Balks at Tying Rates to Formula Federal Reserve Chairwoman Janet Yellen pushed back against House Republicans' proposal to require the central bank to adopt a formal, mathematical rule to guide its interest-rate decisions.
Just Whose Job Is It to Train Workers? Hu-Friedy, a maker of dental instruments, is paying workers to leave for two years as part of a company apprenticeship program. What's happening there is a rare exception to corporate disinvestment in training.
Economists Dim Growth Views Forget about escape velocity. The U.S. economy in 2014 is likely to record another disappointing year of growth, according to the latest Wall Street Journal survey of economists.
US Business News
Apple Readies Bet on Big-Screen Phones Apple is preparing for its largest initial production run of iPhones this year, betting that 4.7- and 5.5-inch screens will lure consumers now attracted to similar phones from Samsung and others.
Venezuela's Car Culture Fades Production is drying up as big auto makers can't obtain dollars to pay parts suppliers and sky-high inflation turns older cars into investment vehicles.
Verizon's Profit Improves Sharply Verizon Communications got a significant boost in subscribers in the second quarter from customers buying tablets, helping reel in about 50% more customers than it gained in the same period last year.
Kurds Pin Future on Stealth Oil Sales Iraqi Kurdistan's recent efforts to sell its oil abroad, which Iraq has declared illegal, show the steep barriers Kurds face in becoming a legitimate player in international energy markets.
EU Prepares to Step Up Google Probes Antitrust regulators are preparing to step up their investigations into Google on several fronts, including revisiting a proposed settlement over its search-engine practices that has met with unprecedented opposition.
Mobile-Ad Spending Leaps Spending on mobile ads is expected to jump 83% this year, but given how much time Americans spend on their devices, mobile-ad spending could be much higher.
Coca-Cola's Earnings, Revenue Slide Coca-Cola's soda volumes bubbled up again in the second quarter, yet its profit and revenue slipped on weaker foreign currencies and higher marketing costs.
McDonald's Earnings Slip McDonald's said its profit for the second quarter fell 1% as the fast-food giant continues to struggle to connect with customers.
Soybean Shift Pressures DuPont Farmers' preference for planting soybeans over corn will continue to challenge DuPont Co., one of the world's largest sellers of high-tech seeds, executives said Tuesday.