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Lego to Slash 1,400 Jobs as It Posts First Sales Drop in Over a Decade

Lego to Slash 1,400 Jobs as It Posts First Sales Drop in Over a Decade

Lego posted its first drop in sales in over a decade and said it would slash 8% of its global workforce by the end of 2017 as the Danish toy maker adjusts to an era of slower growth.

Published 4 months ago

Verizon Wants to Build an Advertising Juggernaut. It Needs Your Data First

Verizon Wants to Build an Advertising Juggernaut. It Needs Your Data First

Verizon’s new rewards program helps customers get concert tickets and phone upgrades, but they must provide their location and personal information.

Published 4 months ago

In Eyeing Jeep, Chinese Auto Maker Nods to Home-Turf Issues

In Eyeing Jeep, Chinese Auto Maker Nods to Home-Turf Issues

Great Wall Motor’s push to go global by acquiring Jeep is being spurred by some tricky realities closer to home, where the Chinese auto maker faces sliding profits, tougher regulation, and intensifying competition in its core segment.

Published 4 months ago

A Decade After Crisis, Investors Have Stopped Hunting for Black Swans

A Decade After Crisis, Investors Have Stopped Hunting for Black Swans

Fear of “black swan” events, which are difficult to predict, drove some investors into hedge funds that offered extreme insurance policies. But the swans have yet to return, and such strategies have fallen out of favor.

Published 4 months ago

Angry Birds Maker Rovio Confirms IPO Plan

Angry Birds Maker Rovio Confirms IPO Plan

Rovio, the company behind the “Angry Birds” videogame and film franchise, confirmed that it is planning to list its shares in Finland—a litmus test for an industry known for its erratic performance.

Published 4 months ago

Cambodia Charges Opposition Leader Kem Sokha With Treason

Cambodia Charges Opposition Leader Kem Sokha With Treason

Cambodia’s opposition leader was formally charged with treason for allegedly conspiring with the U.S. to topple the government and he could face up to 30 years in prison if convicted.

Published 4 months ago

New York Daily News Is Sold to Tronc

New York Daily News Is Sold to Tronc

Tronc has acquired the Daily News, the nearly century-old New York City tabloid, giving the publisher of the Los Angeles Times and Chicago Tribune a presence in the three largest cities in the U.S.

Published 4 months ago

Battle Shapes Up in Congress Over Fate of Immigration Program

Battle Shapes Up in Congress Over Fate of Immigration Program

President Donald Trump’s move to end a program that protects young, undocumented immigrants sets up a six-month scramble among Republicans who have starkly different views on the program’s worth.

Published 4 months ago

Congress Faces a Tense Agenda, With Little Margin for Error

Congress Faces a Tense Agenda, With Little Margin for Error

After a summer recess, Congress must grapple with keeping the federal government open, paying U.S. creditors and passing a hurricane-aid bill—a test of the uneasy alliance between President Trump and the GOP.

Published 4 months ago

United Technologies to Buy Rockwell Collins for $23 Billion

United Technologies to Buy Rockwell Collins for $23 Billion

United Technologies reached a deal to buy airplane-parts maker Rockwell Collins for $23 billion, in the biggest aerospace deal in history.

Published 4 months ago

Houston’s Environmental Threats Come Into Focus

Houston’s Environmental Threats Come Into Focus

Water is subsiding in flooded Houston neighborhoods, but Texans returning to damaged homes face plenty of obstacles, including the threat of toxic pollutants in the air and drinking water.

Published 4 months ago

Weak Pay Raises in Europe Pose Political Threat

Weak Pay Raises in Europe Pose Political Threat

The Phillips curve, which describes the inverse relationship between unemployment and inflation, seems to have faltered. That has potentially tough political implications for much of Europe.

Published 4 months ago

Drug Traffickers Push Meth Into New York City

Drug Traffickers Push Meth Into New York City

Mexican traffickers are supplying the New York City area with methamphetamine, attempting to create new clients in what historically has been a weak market for the drug.

Published 4 months ago

P&G Proxy Fight Pits Former Finance Chief Against Longtime Protégé

P&G Proxy Fight Pits Former Finance Chief Against Longtime Protégé

Clayton Daley was hired to help win a board seat for an activist investor opposed by top officials, including Mr. Daley’s handpicked successor, CFO Jon Moeller

Published 4 months ago

U.S. Urges Strong U.N. Response on North Korea

U.S. Urges Strong U.N. Response on North Korea

U.S. Ambassador to the United Nations Nikki Haley on Monday said North Korean leader Kim Jong Un appeared to be “begging for war” with his latest nuclear test and urged the U.N. Security Council to adopt “the strongest possible measures” in response.

Published 4 months ago