Russian Economy Stalls Russia’s economy—battered by Western sanctions and falling prices for oil, its main export—stalled in September even as inflation hit the highest levels in months, data showed Wednesday.
Global Growth Woes Threaten to Beset U.S. Economy Another bout of weakening global growth is buffeting a U.S. economy that has faced five years of uneven growth, raising a crucial question: Can the U.S. pull the rest of the world through a slow patch or will sluggish global growth hobble the recovery?
China Growth Slowest in Five Years China’s economy grew at its slowest pace for five years in the third quarter, suggesting the government’s targeted easing measures to boost economic growth haven’t yielded expected results.
U.S. to Expand Student Loan Access The federal government will expand access to student loans to more Americans with poor credit histories under new rules to be announced by the Obama administration Wednesday.
US Business News
Air Bag Recalls Trigger New Scrutiny A suddenly expanded recall of air bags is turning into a new safety crisis for the auto industry and intensifying scrutiny of U.S. regulators’ ability to oversee auto makers and their suppliers.
Clouds Darken for Blue Chips Blue-chip companies are posting poor growth as their once-reliable formulas for success left them too big to switch tack quickly when market conditions changed.
Free Shipping Is Going to Cost You More Retailers including Amazon, Best Buy and Gap are boosting the amount online shoppers must spend to qualify for free shipping, hoping to cover the growing cost of providing the perk.
Luxottica Names P&G Veteran as Co-CEO Luxottica named a P&G veteran as a co-CEO on Wednesday, seeking to put an end to a month of turmoil caused by the return of founder Leonardo Del Vecchio to active management of the world’s largest eyewear group.
P&G Narrows Field For CEO Succession Procter & Gamble shook up its senior management ranks, naming new leaders for key businesses and narrowing the field of potential successors to CEO A.G. Lafley.
CICC Chairman Resigns The chairman of China International Capital Corp has resigned, marking the second top management change in less than two weeks.
AT&T Lowers Revenue Outlook AT&T lowered its revenue outlook for the year, pointing to fewer-than-expected sign-ups for its no-contract Next wireless plans that require customers to pay full price for their smartphones.
Total Names Patrick Pouyanné CEO Total named refining and chemicals head Patrick Pouyanné as its new chief executive after the death of Christophe de Margerie in a Moscow plane crash.
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