National Business News

Walmart plans buildup in China Despite the ongoing trade war between the U.S. and China, Walmart Inc.'s Chinese unit said Thursday that it plans to build 500 stores and urban distribution hub... by Serenah McKay - November 22, 2019

Chinese counter rumors on trade China is working to resolve conflicts with Washington over trade, a Commerce Ministry official said Thursday, dismissing speculation that the talks might be in ... by Compiled by Democrat-Gazette staff from wire reports - November 22, 2019

White House, Pelosi fail to seal deal on new NAFTA House Speaker Nancy Pelosi and Trade Representative Robert Lighthizer made progress on but failed to seal a deal Thursday on the stalled U.S.-Mexico-Canada free... by ERIK WASSON BLOOMBERG NEWS - November 22, 2019

WeWork cutting jobs in restructuring WeWork is slashing nearly 20% of its workforce, embarking on a restructuring of its money-losing operation that doomed its stock market debut and left the offic... by ALEXANDRA OLSON THE ASSOCIATED PRESS - November 22, 2019

Rainy fall adds to farmers' soggy woes The damage from the destructive spring flooding in the Midwest has been followed in parts of the country by a miserable autumn that is making a bad farming year... by JOHN SCHWARTZ THE NEW YORK TIMES - November 22, 2019

Bumble Bee files for bankruptcy Bumble Bee Foods has agreed to sell its assets to FCF Co. Ltd. in Taiwan for $925 million, a move sparked by significant legal challenges faced by the company. by THE SAN DIEGO UNION-TRIBUNE - November 22, 2019

Home resales rise 1.9% in October Americans took advantage of lower mortgage rates and purchased more homes in October, though sales were held back by a shortage of available properties. by Compiled by Democrat-Gazette staff from wire reports - November 22, 2019

U.S.-China trade anxiety contributes to stock losses Stocks closed modestly lower Thursday on Wall Street after a mostly listless day of trading handed the market its third-straight drop. by ALEX VEIGA AND DAMIAN J. TROISE THE ASSOCIATED PRESS - November 22, 2019

News in brief Alabama firm buys apartments in LR November 22, 2019

WeWork cuts nearly 20% of workforce in restructuring effort WeWork is slashing nearly 20% of its workforce, embarking on a painful restructuring of its money-losing operation that doomed its stock market debut and left t... by ALEXANDRA OLSON AP Business Writer - November 21, 2019

United Airlines CEO flies in with Arkansas businessmen, touts new plane United Airlines CEO Oscar Munoz said he heard rave reviews from passengers Wednesday while flying with them into Northwest Arkansas Regional Airport in the com... by John Magsam - November 21, 2019

Trump tells of delay in China deal Nearly six weeks after saying he had agreed "in principle" on a partial trade deal with China, President Donald Trump suggested Wednesday that the agreement mig... by DAVID J. LYNCH THE WASHINGTON POST - November 21, 2019

UAW chief abruptly quits as GM accuses rival of bribery United Auto Workers President Gary Jones abruptly resigned Wednesday, capping a tumultuous day that saw union leaders move to oust him and General Motors accusi... by TOM KRISHER THE ASSOCIATED PRESS - November 21, 2019

U.S. halts plan to decrease nicotine levels in cigarettes U.S. regulators are hitting the brakes on plans to force tobacco companies to sharply reduce addictive nicotine in cigarettes, retreating on an ambitious public... by DREW ARMSTRONG BLOOMBERG NEWS - November 21, 2019

Hedge fund takes 25% Tribune stake Hedge fund Alden Global Capital is now the largest shareholder of Tribune Publishing, the company that owns the Chicago Tribune, Baltimore Sun and New York Dai... by THE ASSOCIATED PRESS - November 21, 2019