XML US Business News

China Aims to Prop Up Its Chip Makers

published about 2 hours ago
China Aims to Prop Up Its Chip Makers
As China tries to forestall foreign governments from tapping its phones, the country is investing growing amounts of money into domestic chip makers and tasking them with developing processors for “safe phones.”

Strong Dollar Hangs Over Companies, Rattling Investors

published about 3 hours ago
Strong Dollar Hangs Over Companies, Rattling Investors
The stronger dollar is suppressing sales and profits at America’s big companies, prompting them to put renewed emphasis on cost cutting and adding pressure on the broader U.S. economy.

A New Set of Eyes on P&G's Beauty Business

published about 3 hours ago
A New Set of Eyes on P&G's Beauty Business
David Taylor, who has emerged as the top contender for the CEO job at Procter & Gamble, made his mark in part by overseeing big divestitures. Now he is tasked with fixing the beauty division.

Cliffs Natural Resources To Restructure Mine

published about 4 hours ago
Cliffs Natural Resources Inc. will restructure its Canadian Bloom Lake iron-ore mine, saying the business has stopped generating revenue and can longer meet its obligations.

Looking for a restaurant in D.C.? This massive space plans to offer five in one

published about 4 hours ago
One of the largest dining establishments in the District is poised to open in Penn Quarter this spring. Here’s the gimmick: It will feature a handful of “pop-up” restaurants that rotate through the 17,000-square-foot venue each month.Read full article >>