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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Wall Street Journal Online

Verizon Takes $4.5 Billion Charge Related to Digital Media Business

Wed, Dec 12, 2018

Verizon Communications is booking a $4.5 billion accounting charge related to its Oath media business, a sign its bet on high-profile internet properties and content several years ago hasn’t worked out as expected....

Google CEO Faces Lawmakers Skeptical Over Privacy, Alleged Bias

Tue, Dec 11, 2018

Sundar Pichai faced tough questions in a first public appearance before House lawmakers, who are increasingly skeptical of Silicon Valley giants on issues of privacy and political bias....

Tencent Music Prices Its IPO at Bottom of Range

Tue, Dec 11, 2018

The Chinese music-streaming company’s initial public offering priced at $13 per American depositary share, capping a rocky process of going public but still marking it one of the biggest U.S.-listed debuts in recent years....

Nissan-Renault Scandal Shows It's Hard to Keep Car Alliances on Track

Wed, Dec 12, 2018

Tensions between Nissan and Renault after the arrest of longtime alliance leader Carlos Ghosn show it has never been easy for the global auto industry to make mergers and partnerships work....

MiMedx Called on Two Lawmakers for Help Before Its Accounting Scandal

Tue, Dec 11, 2018

MiMedx Group, a maker of tissue-graft products, called on two influential lawmakers for help. Now the actions of the lawmakers could prove embarrassing for them as MiMedx faces possible collapse. ...

China Moves to Address U.S. Economic Concerns

Tue, Dec 11, 2018

Beijing agrees to reduce auto tariffs and buy more American products, but key differences remain, as Washington prepares to add fresh pressure on Beijing....

U.S., China Kick Off a Fresh Round of Trade Negotiations

Tue, Dec 11, 2018

Washington and Beijing started with a phone call touching on China’s purchases of agricultural products and changes to its fundamental economic policies....

The Loneliest Generation: Americans, More Than Ever, Are Aging Alone

Tue, Dec 11, 2018

Loneliness undermines health and is linked to early mortality. Baby boomers, who generally had fewer children and divorced more than previous generations, are especially feeling the effects in retirement....

Producer Prices Edge Up in November

Tue, Dec 11, 2018

A gauge of U.S. business prices rose slightly in November, but the pace of gains moderated significantly from the prior month. ...

Senate Confirms Justin Muzinich as Deputy Treasury Secretary

Tue, Dec 11, 2018

The Senate confirmed Justin Muzinich as the second-ranking official in the Treasury Department. Mr. Muzinich becomes the first person to serve in the role during the Trump administration....