- Nevada gambling regulators are calling the bankruptcy of Caesars Entertainment Corp.'s debt-heavy subsidiary an embarrassment and lamenting the company's inability to pay 63 former executives some $33 million in promised pension payments.
Fed's Yellen Pitches Cautious Tack on Rate Increases Federal Reserve Chairwoman Janet Yellen laid out a case for a “gradualist approach” to interest-rate increases in the years ahead, spelling out in greater detail than she has before the risks of moving too aggressively to tighten U.S. credit.
White House Stays Course on Homeownership Push Officials at the White House and U.S. Department of Housing and Urban Development are close to tapping Edward Golding, a senior adviser at HUD, to lead the Federal Housing Administration.
India's Jaitley Asks for Patience Indian Finance Minister Arun Jaitley has a simple message for critics pushing for deeper change in the economic policies of the world’s largest democracy: It’s coming, be patient.
U.S. Jobless Claims Fall The number of Americans seeking first-time unemployment benefits fell last week, the latest sign of an improving labor market.
Dynamic Scoring: A Potential Super Model Capital Account: Chief economics commentator Greg Ip says estimating the costs of policy using dynamic scoring shouldn’t be feared if the estimates and assumptions are transparent and rigorous.
Wabash Shows Another Side of the Economic Divide Employment in the small Rust Belt city fell nearly 15% during the recession and remains off by 10%. The situation could be worse were it not for local leaders who saw that the Indiana community’s survival depended on it being more like cities that are drawing residents away.
Inflation, New-Home Sales Look Solid A pickup in consumer prices and higher demand for new homes point to a firming in two areas of recent concern for the economy, potentially reassuring the Federal Reserve as it considers raising interest rates later this year.
Motorola Has a Hit---in Brazil The Moto G has become the best-selling smartphone in Brazil, helping Motorola double its market share to 18% of unit shipments. The Moto G’s runaway popularity indicates the extent to which lower-priced, midtier cellphones will be increasingly important for vendors globally.
Dufry Nears World Duty Free Deal Swiss airport retailer Dufry said it has agreed to buy Italy’s World Duty Free in a deal that values the latter at about $3.9 billion, including debt.
ChemChina Won't Rule Out Pumping Up Pirelli Offer The Chinese chemical company behind a bid to buy tire maker Pirelli—in a potential $7.7 billion deal—won’t rule out an improved offer, even as it suggested it had limited financial firepower to offer more.
Silicon Valley Venture Firm Prevails in Sex-Bias Suit A jury said prominent venture-capital firm Kleiner Perkins Caufield & Byers didn’t sexually discriminate or retaliate against a former female partner, in a closely watched case that raised questions about the treatment of women in Silicon Valley.
Intel in Talks to Buy Chip Maker Altera Intel is in advanced talks to buy Altera—a maker of programmable semiconductors used in phone networks and cars—in a deal that would be the computer chip-making giant’s largest takeover ever.
How Wall Street Helps Tech Workers Cash In Financial firms are creating a murky market where the red-hot stocks of closely held technology companies trade largely out of sight of regulators, other investors and the companies themselves.
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