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Republican Sen. Ron Johnson Opposes GOP Senate Tax Package

Republican Sen. Ron Johnson Opposes GOP Senate Tax Package

Sen. Ron Johnson, a Wisconsin Republican, said he opposes the Senate GOP tax package, saying it unfairly benefits corporations more than other types of businesses. His position could undermine the Senate’s efforts to pass a tax plan by early December.

Published 2 months ago

Army Didn’t Submit ’Significant Amount’ of Military Convictions to Federal Databases

Army Didn’t Submit ’Significant Amount’ of Military Convictions to Federal Databases

The U.S. Army has failed to submit military conviction records to federal databases in as many as one-fifth of all cases, the Army’s top officer said Wednesday.

Published 2 months ago

The Best iPhone Fast Chargers and Wireless Chargers

The Best iPhone Fast Chargers and Wireless Chargers

There have never been so many ways to charge an iPhone with speed and convenience, but beware—some options are overpriced.

Published 2 months ago

Connecticut Submarine Maker Struggles to Find Workers

Connecticut Submarine Maker Struggles to Find Workers

Higher defense spending is boosting military contractors in Connecticut, but General Dynamics is having trouble finding enough qualified employees for its Electric Boat submarine plant.

Published 2 months ago

How a New Inflation Measure Raises Taxes on the Middle Class

How a New Inflation Measure Raises Taxes on the Middle Class

Tucked into Republicans’ tax overhaul bill is a technical tweak to how inflation is measured. It is designed to hold down the deficit, but over time it becomes a tax increase that hits many middle-class households who start out as the plan’s beneficiaries, Greg Ip writes.

Published 2 months ago

Russia Offers Venezuela Debt Relief

Russia Offers Venezuela Debt Relief

Russia threw a lifeline to Venezuela on Wednesday, restructuring the more than $3 billion it is owed by its economically and politically troubled South American ally.

Published 2 months ago

CFPB Director Richard Cordray to Step Down

CFPB Director Richard Cordray to Step Down

Richard Cordray, director of the Consumer Financial Protection Bureau, said he plans to leave his job at the end of November, ending a tumultuous six-year tenure as the first head of a regulatory agency created after the financial crisis.

Published 2 months ago

U.K. Agency Reports Russian Hacking Across Industries

U.K. Agency Reports Russian Hacking Across Industries

Russia has launched cyberattacks against the U.K. media, telecommunications and energy sectors, the British government’s top cybersecurity official said.

Published 2 months ago

Stitch Fix Co-Founder to Reap Millions in IPO. Her Ex-Partner Is a Footnote

Stitch Fix Co-Founder to Reap Millions in IPO. Her Ex-Partner Is a Footnote

Katrina Lake started Stitch Fix, a personal-shopping startup preparing to go public this week, seeking a valuation as high as $2 billion. But she wasn’t alone: A co-founder has been scrubbed from most company records.

Published 2 months ago

Why a DOJ vs. AT&T-Time Warner Case Could Be a Close Call

Why a DOJ vs. AT&T-Time Warner Case Could Be a Close Call

If the Justice Department sues to block AT&T’s planned acquisition of Time Warner, it would mark one of the most ambitious antitrust cases in decades and likely lead to a court battle that would be hard to handicap.

Published 2 months ago

A Specter is Haunting Europe’s Recovery: Zombie Companies

A Specter is Haunting Europe’s Recovery: Zombie Companies

Hundreds of staggering firms are kept alive by struggling banks, which in turn undercut healthy rivals by and tie up capital that could be used more productively elsewhere. Economists and central bankers worry they are a drag on the continent just as growth is resuming.

Published 2 months ago

Tax Overhaul Plans Make New York Home Buyers Think Twice

Tax Overhaul Plans Make New York Home Buyers Think Twice

There are signs home buyers in metropolitan New York are considering the effects of proposed federal tax law changes, setting the stage for a possible chill in the market, brokers say.

Published 2 months ago

Stocks Led Lower by Drop in Crude Prices

Stocks Led Lower by Drop in Crude Prices

Stocks around the world extended losses, with markets in Europe and Asia hit by a deepening rout in commodity prices and a weaker dollar.

Published 2 months ago

Japanese Bank Switches U.S. Regulators in Middle of Investigation

Japanese Bank Switches U.S. Regulators in Middle of Investigation

Japan’s biggest bank sidestepped state supervision of a New York branch in the middle of a state investigation into the bank’s safeguards meant to ensure clients weren’t evading U.S. sanctions, according to a state regulator’s letter reviewed by The Wall Street Journal.

Published 2 months ago

Aiding Oil’s Recent Rebound: American Wildcatters Show Restraint

Aiding Oil’s Recent Rebound: American Wildcatters Show Restraint

Oil traders and analysts have traced the market’s recovery to signs of tighter supply and a return of geopolitical tensions. But many are also pointing to rising confidence that U.S. shale producers won’t endlessly ramp up production.

Published 2 months ago