Business

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A Russian Su-30 fighter jet performs at an airshow at the Zhukovsky airfield outside Moscow, Aug. 26, 2007. Ivan Sekretarev/AP A Russian fighter jet reportedly made unsafe maneuvers near a US aircraft flying over the Black Sea. The fighter jet flew in front of the US aircraft and turned on its afterburners. The incident comes…
LIUZHOU, China—As Chinese cars improve in quality and challenge foreign auto makers’ dominance in China, Detroit’s General Motors Co. has devised what it believes to be a winning strategy: build a local car of its own. Its Baojun brand, built through a joint venture in Liuzhou with local partner SAIC Motor Corp., has been the…
ISLA VISTA, Calif.—For her recent hike around an idyllic seaside lagoon, Mika Leslie wore shorts, a cotton T-shirt and a microfiber respirator mask. A massive cloud of smoke smothered the early afternoon sun, as the largest wildfire in state history raged about 15 miles away. “The smoke has been so crazy, the moon is red, the sun is…
After Rachel Guffey of Lawrence, Kan., wraps up Thanksgiving dinner and a round of family trivia this year, she plans to sneak away from the table to start shopping on her phone for deals. Her phone is “right here in my pocket,” says the 33-year-old dog treat baker, who plans to shop on Amazon.com Inc.…
Reuters / Brendan McDermid The S&P 500 finished 2017 with 12 months of gains. That has never happened before. Earnings growth was strong, all 45 economies under the Organisation for Economic Cooperation and Development were expanding, and investors started to price in the effect of the new US tax law. Some analysts expect 2018 to…
Uber announced it was shutting down its auto-leasing business Xchange Leasing in September, and now it’s being bought by startup auto leasing company Fair.com, according to a Wall Street Journal report. The report says that Fair.com, which offers alternative leases where you can keep a car as long as you like, will buy Xchange Leasing…
YANGON, Myanmar—Myanmar and Bangladesh agreed to begin repatriating ethnic Rohingya Muslims who fled a crackdown in Buddhist-majority Myanmar, in a process that could take years to complete and bar people from returning to their own homes. More than 620,000 people have crossed the border to Bangladesh since the crackdown began in August, some providing chilling…
Mega-deal-making usually isn’t good news for a wide variety of content, be it news, local radio or filmed entertainment. Common sense would dictate that’s especially true when the deal-maker is Disney, the company that has turned movie production into Procter & Gamble-style brand management. But here’s a glimmer of hope for movie lovers:...
MUMBAI—Indian banks have started mining data on customers’ smartphones for fast loan approval, testing out cutting-edge but controversial technology in what is potentially a huge market for such products. Long hampered from lending to the hundreds of millions of Indians without credit histories, banks are hoping to slash risk-assessment costs and trigger a new wave…
NAKASONGOLA, Uganda—Inside one of Uganda’s air bases behind rings of security lurks a resource the nation pledged two years ago to jettison—North Korean soldiers. The commandos, from North Korea’s special-operations division, are covertly training Uganda’s elite troops in skills from martial arts to helicopter-gunnery operations, say senior Ugandan military officers. The...