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Talking Taxes: How to Bring Offshore Profits Home

There’s a big pool full of money floating outside the U.S. and lawmakers want it home. U.S. companies hold more than $2.6 trillion in foreign profits that haven’t been subject to U.S. taxes, and Republicans and Democrats have been talking about ways to get it back and to change the rules. Click for Full Story: https://www.wsj.com/articles/talking-taxes-how-to-bring-offshore-profits-home-1502359201?mod=pls_whats_news_us_business_f

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Can This Uber Killer Justify Its $50 Billion Valuation?

While Uber is trying to dig out from scandals and curtail losses, its former China rival, Didi Chuxing, is spending billions of dollars on other startups around the world. But is it worth $50 billion? Click for Full Story: https://www.wsj.com/articles/can-this-uber-killer-justify-its-50-billion-valuation-1502359733?mod=pls_whats_news_us_business_f

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Lego Replaces CEO After Eight Months to Further Digital Ambitions

Lego has replaced its chief executive after just eight months in the job, appointing a younger leader with digital experience, as it positions itself for growth with the next generation of toys. Click for Full Story: https://www.wsj.com/articles/lego-replaces-ceo-after-eight-months-to-further-digital-ambitions-1502351909?mod=pls_whats_news_us_business_f

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The New Copycats: How Facebook Squashes Competition From Startups

Tiny Houseparty has a promising video-chat app. The social-media giant has noticed and started developing one of its own. The power of Silicon Valley’s well-financed giants is starting to draw scrutiny from lawmakers and regulators. Click for Full Story: https://www.wsj.com/articles/the-new-copycats-how-facebook-squashes-competition-from-startups-1502293444?mod=pls_whats_news_us_business_f

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Some Avaya Pensioners Rethink Retirement Plans After Bankruptcy Deal

Avaya’s recent deal to exit bankruptcy has put some of the telecom company’s pensioners at ease, but a small group will lose a significant portion of their retirement income. Click for Full Story: https://www.wsj.com/articles/some-avaya-pensioners-rethink-retirement-plans-after-bankruptcy-deal-1502306860?mod=pls_whats_news_us_business_f

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21st Century Fox Earnings Buoyed by Cable TV Business

Higher advertising and distribution fees for its cable channels drove up 21st Century Fox Inc.’s results in the most recent quarter, helping it deliver a modest earnings beat. Click for Full Story: https://www.wsj.com/articles/cable-tv-business-buoys-earnings-at-21st-century-fox-1502311889?mod=pls_whats_news_us_business_f

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Priceline, TripAdvisor Cut Revenue, Hotel Bookings Forecasts

Shares of Priceline Group Inc. fell after the online travel company cut forecasts for growth in hotel bookings. TripAdvisor Inc. shares initially swooned after it also said revenue growth would slow, but rebounded by the end of the trading day. Click for Full Story: https://www.wsj.com/articles/priceline-tripadvisor-cut-hotel-bookings-and-revenue-forecasts-1502311418?mod=pls_whats_news_us_business_f

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U.S. Sanctions Venezuelans It Said Helped Form Assembly

The U.S. slapped sanctions on eight officials associated with Venezuela’s constituent assembly, alleging they are aiding in what Washington said are dictatorial moves by President Nicol├ís Maduro. Click for Full Story: https://www.wsj.com/articles/u-s-sanctions-venezuelans-it-said-helped-form-assembly-1502302700?mod=pls_whats_news_us_business_f

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