Here is the latest US News from the Wall Street Journal.
As Vietnam Deals Surge, Brewers Go up for Sale
Some of the world’s largest brewers are lining up to get into Vietnam’s promising beer sector, adding some froth to what is shaping up to be a big year for deals in one of Asia’s highest-potential growth markets.
Under Armour Bets on High-End Clothing Line
Under Armour is hoping to improve its standing among tastemakers with the debut of a high-end clothing line at New York Fashion Week.
iPhone 7 Review: The Anti-Anxiety iPhone
Get over the missing headphone jack: The iPhone 7 and 7 Plus are worth the upgrade for longer battery life, better low-light photos and water-resistance.
Microsoft, Huawei Join in Cybersecurity Message
Microsoft and Chinese technology giant Huawei, each feeling the heat from the other’s government, have joined in producing a tech “buyers guide” aimed at shifting the global cybersecurity debate away from protectionism.
IKEA Sales Rise, But Growth Decelerates
IKEA reported stronger sales for fiscal 2016, helped by growth in markets such as China, Australia, Canada and Poland.
‘I Call Top Bunk!’ Some Companies Make Executives Travel by Bus
For marathon road trips, firms charter 45-foot coaches with bunk beds, shared bathrooms, full bars, and occasional awkward moments.
California Farmworkers to Get Overtime Pay After 8 Hours Under New Law
California agricultural workers will become the first in the U.S. to receive overtime pay if they work more than eight hours a day, under a law signed Monday by Gov. Jerry Brown.
Companies Move to Reprice Employees’ Stock Options
Stock-option exchanges are making a bit of a comeback, despite a strong stock market and worries about the shareholder pushback they can generate.
Jeff Bezos Discloses Blue Origin’s First Orbital Rocket
Amazon.com Inc. Chairman Jeff Bezos announced plans Monday for a giant, reusable rocket powerful enough to blast people as well as satellites into high-Earth orbit.
Divided Fed Inclined to Stand Pat
Federal Reserve officials, lacking a strong consensus for action a week before their next policy meeting, are leaning toward waiting until late in the year before raising short-term interest rates.
Weight Watchers’ CEO James Chambers Is Stepping Down
Weight Watchers said Chief Executive James Chambers is stepping down at the end of September and the weight-loss company is starting a search for his successor that will involve board members, including media mogul Oprah Winfrey.
Twitter Faces Crucial Test With Live NFL Broadcasts
Thursday night’s matchup between the New York Jets and Buffalo Bills is a crucial test for Twitter, which is streaming the broadcast as part of an effort to regain support from advertisers.
Renesas to Buy Intersil for $3.2 Billion
Japanese chip maker Renesas Electronics agreed to buy Intersil for about $3.2 billion, a deal expected to immediately enhance its gross margins and earnings.
Aéropostale Sale Wins Court Approval
A judge signed off on a bid from a group of landlords, liquidators and a licensing company to buy teen retailer Aéropostale, which would save 229 stores and more than 7,000 jobs.
Anadarko Buys Gulf of Mexico Assets From Freeport-McMoRan for $2 Billion
Anadarko Petroleum Corp. said Monday that it is buying oil and gas assets in the Gulf of Mexico from mining giant Freeport-McMoRan Inc. for $2 billion, expanding its footprint in offshore oil.
Hanjin Shipping Starts Unloading as U.S. Exporters Scramble for Space
Foundering South Korean shipping line expects more long-stranded vessels in California while cargo terminal closes door on outbound containers.
Southwest Incident Linked to Cracked Engine Blade
The U.S. aviation-safety watchdog linked a cracked jet-engine fan blade to the emergency landing of a Southwest Airlines plane last month, as part of its preliminary investigation to identify the cause of the unusual incident.
CEOs See U.S. Economy Stuck in Slow-Growth Mode
In Business Roundtable’s quarterly survey, American executives appear to have little optimism that November’s election will spark stronger gains.
Music Industry’s Latest Piracy Threat: Stream Ripping
Stream ripping, which involves turning a song or music video played on a streaming service into a permanent download, is growing fast among young music fans, even as other forms of music piracy wane.
Fed’s Brainard: Case to Tighten Policy Preemptively Is Less Compelling
Federal Reserve governor Lael Brainard on Monday urged “prudence in the removal of policy accommodation,” arguing that improvement in the labor market hasn’t had the desired effect on inflation.
Associated British Foods Roiled by Sterling After Brexit Vote
The British pound’s post-Brexit tumble benefited the Primark discount fashion chain, but the disadvantages resulting from the currency’s fall have also grown.
3-D-Printing Startup Seeks Niche in Low-Cost Prosthetic Legs
Japanese startup SHC Design plans as soon as next April to start selling what it believes is the first self-contained 3-D-printing system for producing prosthetic limbs.
Investors Flee Heavily Indebted Mongolia
The revelation that Mongolia’s government debt would be far above target triggered a selloff in the country’s debt and currency markets—a sign of the perils of chasing the highest yields.
Trump Claims Yellen Is Holding Rates Low to Aid Obama
Republican presidential nominee Donald Trump ratcheted up his criticism of the Federal Reserve and Chairwoman Janet Yellen, saying the central bank is keeping rates low to help President Barack Obama.
Open Text to Buy Dell EMC Enterprise Content Division
Canadian information-technology provider Open Text agreed to buy the enterprise content division of the newly merged Dell and EMC for $1.62 billion.
As Samsung Shares Sink, Heir Apparent Is Nominated to Board
Samsung nominated Lee Jae-yong, son of its longtime chairman, to the board as its shares suffered their steepest one-day decline since 2008 in the wake of the Galaxy Note 7 recall.
Canadian Fertilizer Giants Agrium and Potash to Merge
Canadian fertilizer giants Agrium and Potash Corp. of Saskatchewan confirmed plans to merge, in a deal that would create a crop-nutrient giant worth about $27 billion.
Praxair and Linde Call Off $60 Billion Merger Talks
Industrial-gas giant Linde ended merger talks with U.S. rival Praxair because the German company feared losing key functions in a combination that would have created the industry’s largest player.
Discovery Channel Continues Its Makeover With New Series
Cable outlet Discovery is moving further away from sensational fare, carving out a niche with unscripted shows and documentaries such as “Taking Fire,” a first-person look at war.
Google Parent and Sanofi Name Diabetes Joint Venture Onduo
French pharmaceutical group Sanofi is joining with Verily Life Sciences, a unit of Google parent Alphabet, to create a joint venture called Onduo to research diabetes treatments.
Hanjin Shipping Unloads Cargo at U.S. Port
A Hanjin Shipping vessel was set to finish unloading freight in California, clearing the way for more of its ships to dock, as the ailing South Korean company works with ports to get a frozen supply chain moving.
HP to Acquire Samsung Printer Business in $1 Billion Deal
HP will buy Samsung’s printer business for $1.05 billion, a deal aimed at helping the Silicon Valley company expand into high-volume devices that handle printing and copying for office work groups.
Sinovation Ventures Raises $675 Million in Fresh Capital
The Chinese venture-capital firm closed two funds aimed at deals as the environment for funding in the country cools.
Starboard Value Takes 4.6% Stake in Perrigo
Starboard Value has built a 4.6% stake in Perrigo, worth nearly $600 million, and is urging the drug company to refocus on its core business.
U.S. Airlines Offer More Coach Choices
Major U.S. airlines are carving up cattle class, hoping to nab every customer from the tightwad to the spendthrift amid intensifying competition from discount carriers and declining ticket revenues.
Tesla Plans Software Update for Autopilot
Tesla Motors is preparing an updated version of its “Autopilot” capability that will depend more on radar signals to help guide Tesla vehicles along roadways and add safeguards to keep drivers engaged at high speed.
Apple Shifts Focus to Fitness With Latest Watch
Apple designed its new Series 2 watch to be water resistant to a depth of 50 meters. The tech giant also touted a partnership with Nike to market sports-themed watches.
New Reality for Oil: Steadier Prices Reflecting Role of Shale Producers
After a long period of boom or bust, oil prices have traded for months in a narrower range that is frustrating many longer-term investors but has eased some pressure on big oil companies.
Fed Speakers, BOE Meeting, China Factory Output
This week, look for Federal Reserve officials to offer final hints before their next policy meeting on a rate increase in the U.S., while the Bank of England could clarify its post-Brexit strategy at its gathering.
Thales, SES to Offer Broadband for Air Passengers
Europe’s largest satellite-services provider and the region’s leading aircraft-electronics maker are teaming up to offer enhanced broadband-via-satellite connections to airline passengers. France’s Thales and Luxembourg-based SES will announce the initiative on Monday.
E-Commerce Is a Boon for Rural America, But Comes With a Price
E-commerce is transforming rural America by providing small-town residents with big-city conveniences and the latest products. But serving these consumers is expensive for retailers and delivery companies.
Central Banks’ Prized Independence May Be a Hindrance in Managing Inflation
In their battle against high inflation, governments granted significant independence to central banks over recent decades. Now, some economists argue that independence hamper their ability to combat the current problem: inflation that’s too low.
EU to Get Tough on Chat Apps in Win for Telecoms
The EU’s executive arm is expected this week to propose subjecting online services like Microsoft’s Skype and Facebook’s WhatsApp to some of the same rules that have long regulated the telecoms business.
Innovation in Tech Evolves in New Ways
The technology inside devices like the iPhone is evolving in a way that opens new opportunities, writes Christopher Mims. For example, hardware makers’ primary response to the slowdown in improvements in chip performance has been to create customized chips for specific tasks.
AB InBev Acquires SpikedSeltzer Creator Boathouse Beverage
Anheuser-Busch InBev NV is bringing its alcohol expertise to the carbonated-water category with the acquisition of SpikedSeltzer creator Boathouse Beverage LLC.
Rolls-Royce Names Simon Kirby as Chief Operating Officer
British aircraft-engine maker Rolls-Royce Holdings has appointed Simon Kirby as chief operating officer as it labors to boost profitability.
Time Enters Video-Streaming Fray
The magazine publisher is launching the People/Entertainment Weekly Network, an ad-supported app and streaming service, to help offset declining print revenue.
Huawei’s Cloud-Computing Plans Aim Sky High
Already one of the world’s top three makers of telecom networking gear and smartphones, China’s technology giant looks to take on Western heavyweights in the market for cloud-computing equipment.
Donors in Most Industries Back Clinton
Employees in most business sectors are backing the Democratic presidential candidate over the Republican, a reversal from the 2012 election, according to an analysis.
EU Stresses Importance of U.S. Investment Following Apple Ruling
The European Union’s ruling that Ireland should recoup $14.5 billion in allegedly unpaid taxes from Apple wasn’t an attack against the U.S. or American companies, the bloc’s taxation chief Pierre Moscovici said.
Cartier Parent Richemont’s Earnings Set to Lose Sparkle
Falling sales in Asia and fewer tourists in Europe are likely to weigh on Cie. Financière Richemont’s earnings, with analysts expecting a steep drop in five-month revenue.
Yahoo Reveals Details of Auction Process in Proxy Filing
The five-month process to sell its web business began with Yahoo Japan’s interest in a potential merger and ended when Verizon Communications raised its offer to $4.83 billion.
Apple Shuts Some Elements of Electric Self-Driving Car Project
Several dozen employees have been laid off at Apple’s secretive initiative, although the head count remains essentially the same, according to a person familiar with the matter.
GM Recalls Over Four Million Autos for Air-Bag, Seat-Belt Issues
General Motors recalled nearly 4.3 million vehicles globally with defective software that can cause air bags and seat belts to fail.
Whirlpool Shares Tumble After WTO Subsidies Ruling
Whirlpool Corp. shares fell sharply to cap a second day of losses in the wake of a World Trade Organization ruling against U.S. tariffs that target subsidies benefiting the appliance maker’s South Korean rivals.
Southwest, Flight Attendants Reach Deal in Principle on New Contract
Southwest Airlines Co. and the union that represents its 12,000 flight attendants said Friday they have reached tentative agreement on a new labor contract.
Wal-Mart to Stop Selling Welspun India’s Egyptian Cotton Sheets
Wal-Mart Stores Inc. said it would stop selling Egyptian cotton sheets made by Welspun India Ltd. after it said an investigation found the Indian textile giant couldn’t guarantee the products were legitimate.
Rate-Rise Fears Trip Up Markets
The Dow industrials fell almost 400 points, as doubts over central banks’ willingness or ability to stimulate economic growth sent stocks and bonds tumbling.
Ford to Acquire Chariot Van Service
Ford Motor unveiled the latest part of its vision for future: bicycles and buses.
Samsung, CPSC Say Galaxy Note 7 Owners Should Stop Using Them
The lithium-ion batteries in some of Samsung’s Galaxy Note 7 smartphones posed a fire hazard, the company and the U.S. Consumer Product Safety Commission said.
Intel Supplying Wireless Chips for Some Apple iPhones
Apple is using wireless chips from Intel in some models of the new iPhone 7, people familiar with the matter said, a widely expected breakthrough in the chip giant’s multi-year quest to find a foothold in popular smartphones.
Hanjin Shipping to Pay Handlers to Unload U.S.-Bound Ships
A lawyer for Hanjin Shipping said that a South Korean court has authorized the company to pay to unload U.S.-bound ships carrying cargo that has been stranded at sea since the shipping giant filed for bankruptcy last week.
Samsung Shares Drop Over FAA Warning on Galaxy Note 7
Investors wiped more than $10 billion off Samsung Electronics’ market value as the share price fell 3.9% after U.S. air-safety regulators singled out its Galaxy Note 7 smartphone as a potential airborne fire hazard.
Facebook Censors ‘Napalm Girl’ Photo, Causing Dust-Up
Facebook faced accusations of censorship from Norway following its decision to delete posts containing the Pulitzer-winning image of a girl fleeing napalm bombs during the Vietnam War.
Former VW Engineer Pleads Guilty in Emissions-Cheating Scandal
A former Volkswagen engineer pleaded guilty in connection with his role in the emissions scandal, the first person criminally charged in the case.
Alphabet Drones to Test Burrito Delivery at Virginia Tech
Google parent Alphabet plans this month to use drones to deliver burritos to a small number of staff and students at Virginia Tech, a limited test of the tech giant’s ambitious plans to quicken deliveries with unmanned aircraft.
France’s Total Takes Control of Barnett Shale in Texas
French oil major Total is taking full control of the Barnett Shale in Texas after Chesapeake Energy’s recent decision to exit the once-prolific gas field to clean up its finances.
Hey, Wake Up! Eye-Tracking Tech Nags Drivers to Stay Alert
General Motors is preparing driver-assistance technology that employs a cabin monitoring system to make sure an operator is paying attention to the road when using its Super Cruise.
Tallying the Bottom Line for Indie Films Is Tricky Business
Independent film distributor the Orchard soon will offer a digital platform that, for the first time, will provide producers with timely information about a movie’s financial status.
Nice Trash Can! Let’s See What the Bears Think
Makers of products such as ice chests subject them to an hour of mauling at a grizzly park in Montana, trying to prove they can’t be broken open.
Tesla Says Car in Netherlands Not on Autopilot at Time of Crash
Tesla Motors Inc.’s Autopilot feature wasn’t in use during a deadly crash of one of its vehicles south of Amsterdam, the company said.
Liberty Media Faces Some Bumps for Formula One in U.S.
The multibillion-dollar sale of Formula One to Liberty Media marks a new push into the lucrative U.S. market for the glamorous motor sport—but John Malone’s media empire has its work cut out for it.
ECB Stands Pat on Stimulus as Draghi Defends Policy
The ECB left its stimulus unchanged, brushing off concerns over economic shock waves from Britain’s vote to leave the EU and disappointing investors expecting the central bank to act again soon.
FAA Urges Passengers to Not Use Samsung Galaxy Note 7 on Planes
U.S. air-safety regulators have taken the unusual step of singling out Samsung Electronics Co.’s Galaxy Note 7 smartphone as a potential airborne fire hazard, urging passengers to avoid using the devices entirely on board airliners.
The iPhone, iPad and Watch News Apple Didn’t Share on Stage
Here is a rundown of what Apple didn’t say aloud Wednesday as it unveiled the iPhone 7 and the iPhone 7 Plus, new wireless AirPod headphones and the second-generation Apple Watch.
Apple’s Tax Setup Illustrates Gap Between Law and Economics
American companies like Apple aren’t just world-class innovators in personal technology and marketing. They are also, it turns out, world-class innovators in tax avoidance, Greg Ip writes.
U.S. Service-Sector Revenue Growth Accelerated in Second Quarter
A pickup in revenue growth across the vast U.S. service sector this spring signaled continued modest expansion in the broader economy fueled by consumer spending at doctors’ offices, hotels and other businesses.
Rise in U.S. Consumer Credit Reflects Steady Household Spending
Outstanding consumer credit, a measure of nonmortgage debt, rose by a seasonally adjusted $17.71 billion in July from the prior month, the Federal Reserve said, topping expectations for a $16 billion increase.
WSJ Survey of Economists Sees Slowing Labor-Market Progress
The U.S. labor market in recent years has seen gradual but continued improvement. Economists surveyed by The Wall Street Journal say maintaining that pace of advancement looks increasingly doubtful.
Enterprise Products Withdraws Its Interest in Williams Cos.
Enterprise Products Partners L.P. confirmed that it had been looking into a merger with fellow pipeline company Williams Cos., but it said it is withdrawing its offer.
Grocers Tackle New Safety Issues as Tastes Grow for Prepared Meals
As prepared-food offerings increase in volume and complexity, the risk of food-safety issues also grows, with supermarkets now facing safety concerns that have beset the restaurant industry for years.
Airbnb Promotes Efforts to Curb Rental Discrimination
Airbnb is taking steps to promote more inclusive lodgings on its site after facing accusations from renters who say they were discriminated against by hosts because of race or other characteristics.
SpaceX Leads Probe Into Blast
The investigation of a Falcon 9 rocket that exploded during ground tests last week highlights the primacy of industry self-regulation when commercial space operations run into trouble.
Hunt for Holiday Workers Heats Up, Giving Wages a Boost
As the labor market tightens, retailers, logistics firms and package-delivery companies say they plan to step up recruiting, start hiring earlier than usual and pay more for the extra help they need for the holiday shopping season.
T. Rowe Price to Oppose Oracle’s Deal to Acquire NetSuite
T. Rowe Price notified NetSuite that it will oppose its planned $9.3 billion acquisition by Oracle, with the investment firm citing “inherent conflicts of interest” between the software companies.
Target Revamps Staffing for Grocery Business
Target is building dedicated teams to manage the grocery sections of its stores as part of an effort to turn around declining sales.
China’s Tech Startups Face Dwindling Funding
China’s technology startups were red-hot for years. Today, writes Li Yuan, some in the industry describe the funding environment as “deep winter.”
Ackman’s Stake Acquisition Increases Pressure on Chipotle
William Ackman’s large stake in Chipotle Mexican Grill adds pressure to the struggling burrito chain that has faced longstanding shareholder concerns about the board and executive pay.
Daimler to Work With Matternet to Develop Delivery Van Drones
Daimler said it would team up with U.S. drone startup Matternet to develop drones for its delivery vans and invest $562.75 million over the next five years in designing electric, networked vans.
Apple Set to Unveil Latest iPhone
Apple is expected to unveil the latest versions of its iPhone, but without the types of significant new features that Apple consumers have come to expect every other year.
Dell Closes $60 Billion Merger with EMC
Dell said it completed its $60 billion deal to acquire EMC, the largest technology merger in history.
Apache Trumpets New Oil-Field Discovery in Texas
Apache says it has discovered the equivalent of at least two billion barrels of oil in a new west Texas field that has the promise to become one of the biggest energy finds of the past decade.
Zika Fears Expected to Boost Demand for Condoms
Malaysia-based Karex, the world’s largest condom maker by volume, considers spreading concern about the Zika virus a long-term boost for demand.
Volkswagen in Talks to Make Electric Cars in China
Volkswagen is exploring a joint venture to make electric cars in China with a state-run company as part of its aggressive push into electric-vehicle production.
Immigration Source Shifts to Asia From Mexico
Chinese and Indian newcomers to the U.S. are now outpacing Mexican arrivals in most regions of the country, a marked reversal from a decade ago, when immigrants from America’s southern neighbor dwarfed arrivals from the large Asian countries.
As Apple Tax-Ruling Appeal Looms, Ireland Tests Transparency
The Irish government has spent decades courting foreign corporations with tax-friendly—and often secretive—initiatives. But in recent years, it has made an effort to rebut allegations that it is a tax shelter.
Pershing Square Reveals 9.9% Stake in Chipotle
William Ackman’s Pershing Square Capital Management reported on Tuesday a position of 2.9 million shares of troubled Mexican-food chain Chipotle Mexican Grill, placing the hedge fund among its largest shareholders.
FCC Intensifies Push to Break Cable’s Grip on Set-Top Boxes
The nation’s top television regulator is preparing a major push to win support for a compromise version of his proposal to open up the market for set-top boxes.
Headphone Jack Removal Wouldn’t Be Apple’s First Customer Disruption
Apple Inc. is expected to unveil an iPhone without a headphone jack Wednesday, which means any wired headphone you currently use won’t plug in directly.
How to Get Ahead When the Boss Is Based Overseas
A growing number of American executives will soon work in the U.S. for businesses based abroad, thanks to a recent buying spree by foreign firms.