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. ...

Trick or Treat? Italian Candy Maker Comes Knocking on U.S. Door

Italian confectioner Ferrero just bit off another piece of the U.S. candy market and is already thinking about taking a much bigger bite—a bid to buy Nestlé’s U.S. candy business. ...

Reliability Ratings for Electric Cars Get a Boost

Auto makers struggling to sell drivers on electric cars can look forward to one advantage of adding more battery-powered vehicles to their fleets: beefing up their reliability ratings thanks to the...

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 shoppers could access from Wal-...

Unilever, Nestlé Test Investor Patience With Slower Sales

Two of the world’s biggest consumer goods companies—both caught in investors’ crosshairs—reported another round of weak sales, ratcheting up pressure to accelerate promised turnarounds....

GOP Divided Over Monetary Policy as Fed Chief Pick Looms

After criticizing the Fed for the past eight years, Republicans have a chance to change the course of the central bank when President Donald Trump nominates someone to take the helm in early 2018. ...

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 ca...

U.S. Jobless Claims Fall to 44-Year Low

The number of Americans filing applications for new unemployment benefits fell to the lowest level in 44 years, reflecting power outages in storm-ravaged Puerto Rico and the U.S. Virgin Islands tha...

Hurricanes Weighed on Housing Starts

U.S. housing starts decreased last month for the fifth time in six months, as builders felt the brunt of construction delays as well as labor and material shortages caused by hurricanes in Florida ...

As Cities Woo Amazon to Build Second Site, Incentives Are Key

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...