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Philadelphia Energy Solutions Puts Refinery Operation Into Bankruptcy

Philadelphia Energy Solutions affiliates responsible for more than one-quarter of the crude-oil refining capacity on the East Coast of the U.S. filed for bankruptcy protection, amid “industrywide turmoil” driven by politics and economics......»»

Category: smallbizSource: WSJ29 min. ago Related News

China Sends Mixed Messages About Economic Policies

President Xi has talked about focusing on the quality of the economy, but Beijing still needs strong growth to ensure employment and social stability......»»

Category: smallbizSource: WSJ29 min. ago Related News

Abercrombie & Fitch Executive Chairman to Step Down

Longtime retail executive Arthur Martinez is stepping down as executive chairman of Abercrombie & Fitch, the company said......»»

Category: smallbizSource: WSJ29 min. ago Related News

Cartier-Owner Richemont Bets Big on Online Bling

Would you buy a $100,000 watch online? Richemont wants to buy out its fellow shareholders in Yoox Net-a-Porter, because for more people, the answer is yes......»»

Category: smallbizSource: WSJ29 min. ago Related News

Return Trip: Airlines Flock Back to Smaller Cities

Airlines are returning to midsize U.S. cities, lured by lower fuel prices, a desire to attract more passengers to their hub airports, and competition on major routes from low-cost carriers......»»

Category: smallbizSource: WSJ29 min. ago Related News

Can New Flavors Reverse Diet Coke"s Slump?

Coca-Cola Co. hopes four new flavors of Diet Coke and skinnier, redesigned cans hitting U.S. shelves this week will lure back lapsed soda drinkers and young people who have moved on to LaCroix sparkling waters......»»

Category: smallbizSource: WSJ29 min. ago Related News

Daniel Loeb"s Third Point Calls for More Change at Nestlé

Daniel Loeb’s Third Point ratcheted up the pressure on Nestlé, saying the company’s portfolio needs to be further simplified......»»

Category: smallbizSource: WSJ29 min. ago Related News

Celgene to Buy Juno Therapeutics for $9 Billion

Celgene said it agreed to buy Juno Therapeutics for $87 a share in cash, or about $9 billion, in a move that will expand Celgene’s portfolio of blood-cancer drugs......»»

Category: smallbizSource: WSJ29 min. ago Related News

Talks to Test Russian Stance on Ukraine

U.S. negotiators this week will test Russian seriousness about a peace deal for Ukraine, where fighting between Kiev forces and Russia-backed separatists has been intensifying......»»

Category: topSource: WSJ1 hr. 43 min. ago Related News

Shutdown"s Economic Hit Seen to Be Muted

The federal government shutdown.....»»

Category: smallbizSource: WSJ2 hr. 28 min. ago Related News

By Adding to the Debt, Tax Cuts Could Complicate Next Downturn

In enacting a tax cut that is projected to raise annual federal-budget deficits to nearly $1 trillion in the coming years, Washington could be trading more growth now for the risk of more pain down the road......»»

Category: smallbizSource: WSJ2 hr. 28 min. ago Related News

U.S. Tax Overhaul Will Accelerate Global Growth, IMF Says

The global economy will gain momentum in 2018, driven in large part by recently approved U.S. tax-code changes, according to the latest forecasts of the International Monetary Fund......»»

Category: smallbizSource: WSJ2 hr. 28 min. ago Related News

What Facebook"s Feed Changes Mean for the News

Publishers would be wise to reduce their dependency on Facebook as it gets ready to tweak its algorithm......»»

Category: smallbizSource: WSJ4 hr. 13 min. ago Related News

Brazil Closes Giant Pile of Trash, Depriving Residents of a Treasure

Nearly 60 years after Brazil carved a .....»»

Category: topSource: WSJ4 hr. 58 min. ago Related News

Saudi-Led Coalition Injects More Aid Into War-Torn Yemen

A Saudi-led coalition fighting Houthi rebels in Yemen said it plans $1.5 billion of new relief funding for the war-torn country. Riyadh and its allies face increasing pressure over the conflict’s civilian toll......»»

Category: topSource: WSJ8 hr. 28 min. ago Related News

Italy"s Elites Are Anxious as Election Nears

With antiestablishment parties gaining popularity, the grip that political elites have had on Italian politics looks likely to come under unprecedented assault in the general election in March......»»

Category: topSource: WSJ8 hr. 28 min. ago Related News

Frackers Could Make Real Money in 2018, If They Don"t Blow It

Shale producers say drilling plans for 2018 remain modest despite recently surging crude prices—a break with the industry’s cycle of aggressive drilling when prices are high, creating an oversupply that pushes prices back down......»»

Category: smallbizSource: WSJ9 hr. 13 min. ago Related News

Sanofi to Buy Hemophilia Drugmaker Bioverativ for Over $11.5 Billion

Sanofi said it would buy hemophilia drugmaker Bioverativ for more than $11.5 billion, as the French drugmaker looks to clinch a big deal while it braces for generic competition for its top-selling product......»»

Category: smallbizSource: WSJ9 hr. 13 min. ago Related News

Foreign Companies Grapple With U.S. Tax Overhaul

Foreign companies are calculating whether the cost increases they will bear under the new U.S. tax law will outweigh the benefits of a lower corporate rate......»»

Category: smallbizSource: WSJ10 hr. 28 min. ago Related News

Listed Chinese Firms Bought $192 Billion Worth of Opaque Products in 2017

Chinese companies are buying more high-yielding investment products that are sold by banks to raise funds and boost lending, a potentially troubling sign for China’s debt-fueled economy......»»

Category: asiaSource: WSJ10 hr. 58 min. ago Related News