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Insurers and Governors Urge GOP Lawmakers to Back Bipartisan Health Bill

Insurers and Governors Urge GOP Lawmakers to Back Bipartisan Health Bill

Support for a bipartisan health care deal from insurers, health groups and roughly a dozen governors of both parties is putting pressure on Republican lawmakers who have balked at the agreement and left its chances of passage uncertain.

Published 2 months ago

Why a U.S. Navy Hospital Ship in Puerto Rico Has Hardly Been Used

Why a U.S. Navy Hospital Ship in Puerto Rico Has Hardly Been Used

The U.S. Navy sent a floating hospital to Puerto Rico following the devastation of Hurricane Maria. Yet the ship—staffed with roughly 800 personnel and 250 beds—has treated only about 150 since arriving Oct. 3 because few people knew about it

Published 2 months ago

WeWork: A $20 Billion Startup Fueled by Silicon Valley Pixie Dust

WeWork: A $20 Billion Startup Fueled by Silicon Valley Pixie Dust

The office-space provider’s 38-year-old CEO sells tech investors on his vision for communal workplaces that appeal to millennials—while critics call it an overvalued real-estate play.

Published 2 months ago

Wal-Mart’s Answer to Amazon? Its Own Web Mall

Wal-Mart’s Answer to Amazon? Its Own Web Mall

Wal-Mart is near a deal with Lord & Taylor that would give the department store dedicated space on walmart.com, a potential first step in creating an online mall that shoppers could access from Wal-Mart’s website.

Published 2 months ago

Hedge Fund Maverick Capital Debuts 0% Performance Fees

Hedge Fund Maverick Capital Debuts 0% Performance Fees

Lee Ainslie’s $10 billion Maverick Capital Ltd. is offering 0% performance fees to some investors, the latest big-name hedge fund to debut lower fees after posting continued losses.

Published 2 months ago

McCain Backs Measure to Tighten Disclosure of Online Political Ads

McCain Backs Measure to Tighten Disclosure of Online Political Ads

A proposal to require social-media companies to disclose information about political advertising on their platforms has drawn the support of a key Republican, Sen. John McCain.

Published 2 months ago

Urban Damage Raises Questions About California’s Wildfire Strategy

Urban Damage Raises Questions About California’s Wildfire Strategy

Heavy damage to some Northern California towns has highlighted the limitations of the state’s system for projecting wildfire danger in dense areas.

Published 2 months ago

Beneath the Market Rally: A Lot Less Trading

Beneath the Market Rally: A Lot Less Trading

Trading volumes have fallen steadily in recent months as ultralow volatility, a lack of market-moving news and the rising popularity of passive investment funds have kept many investors on the sidelines.

Published 2 months ago

Changes in Store for Foreign Companies’ Tax Treatment in U.S.

Changes in Store for Foreign Companies’ Tax Treatment in U.S.

Foreign companies operating in the U.S. could face major changes in their tax bills under an overhaul planned by Republicans. Those could include new surtaxes or limits on how much the companies can deduct on expenses.

Published 2 months ago

Spain to Propose Measures to Strip Catalonia of Powers

Spain to Propose Measures to Strip Catalonia of Powers

Catalonia’s leader defied an ultimatum from Madrid by failing to renounce his push for independence, prompting the Spanish government to gear up for stripping the region of some of its powers.

Published 2 months ago

GOP Divided Over Monetary Policy As Fed Chief Pick Looms

GOP Divided Over Monetary Policy As Fed Chief Pick Looms

After criticizing the Fed for the past eight years, Republicans finally have a chance to change the course of the central bank when President Donald Trump nominates someone to take the helm in early 2018. But they are divided over which direction monetary policy should take.

Published 2 months ago

Amazon Has Honed Its Site-Hunting Expertise With In-House Team

Amazon Has Honed Its Site-Hunting Expertise With In-House Team

Amazon’s in-house economic-development team shows how important tax-incentive deals have become to its business model and gives a window into why the company took the step of pitting cities against each other to win the biggest subsidy package possible.

Published 2 months ago

Nestle Results Highlight Pressure to Boost Returns

Nestle Results Highlight Pressure to Boost Returns

Nestlé said a key sales measure weakened in the first nine months of the year and that it doesn’t expect an improvement in the final quarter, underscoring the pressure it faces to boost its performance, including from activist investor Daniel Loeb.

Published 2 months ago

China Leans on Old-Time Drivers to Reach 6.8% Growth in Third Quarter

China Leans on Old-Time Drivers to Reach 6.8% Growth in Third Quarter

The Chinese economy expanded at a robust 6.8% pace in the third quarter, meeting market expectations, as traditional growth drivers such as manufacturing and exports gained steam.

Published 2 months ago

Dow Hits Another Milestone, But Signs of Caution Loom

Dow Hits Another Milestone, But Signs of Caution Loom

The Dow Jones Industrial Average powered past 23000, but the latest milestone masks a potentially worrisome trend: investors keep yanking money out of stock funds.

Published 2 months ago