The companies estimate $1.5 billion in annual cost savings by the end of 2017.
More global competitors use the Chinese currency to settle cross-border trade, 17%, compared with 10% of U.S.-based firms.
The risks for China are "mostly [to] the downside" and state-owned enterprises are “creating barriers to the expansion of private firms,” says the…
Business tax executives are expecting reform after the presidential election, and one-quarter want the U.S. to move to a territorial system.
After a disappointing quarter, Procter & Gamble may sell or spin off some of its beauty brands, including CoverGirl.
U.S. manufacturing output fell 0.2% in February, with durable goods production falling 0.6%. Capacity utilization also declined.
Robust U.S. oil production and other factors are causing crude inventories to soar, setting the stage for another drop in oil prices.
Failing to identify a corrupt M&A target could spawn serious problems for an acquirer’s finances and reputation.
Industrial production, retail sales, and fixed-asset investment all grew more slowly in the first two months of 2015.
Reducing corporate tax rates and introducing a territorial tax system should be centerpieces of reform and would help U.S. competitiveness. studies…