|U.S. and Exxon Spar Over Russia Sanctions Violation|
The U.S. Treasury Department imposed a $2 million fine on Exxon Mobil Corp. for what it called a “reckless disregard” of U.S. sanctions on Russia while Secretary of State Rex Tillerson was the oil giant’s chief executive, a finding the company immediately said it would challenge.
|Sears to Sell Kenmore Brand on Amazon|
Sears will start selling its Kenmore refrigerators and stoves on Amazon.com, marking the first distribution of its kitchen appliances outside of its own stores.
|Microsoft Profit Jumps, Fueled by Cloud Computing|
Microsoft continued its rebirth as a force in cloud-computing, posting stronger-than-expected gains in its business of selling web-based services to corporate customers.
|China's Empty Theme Parks Lack a Key Attraction: A-List Film Characters|
Dalian Wanda Group’s retreat from the business reveals the challenges China faces in becoming a show-business superpower. So far, it hasn’t matched the global success of Hollywood’s film and TV studios, which continue to fuel U.S. theme-park empires.
|PepsiCo CEO Picks a No. 2, but No 'Heir Apparent'|
PepsiCo’s longtime leader Indra Nooyi is promoting one of her lieutenants to serve as the company’s president, filling a No. 2 role that has been vacant for nearly three years and shuffling around her potential successors.
|IMF Falls Short of Transparency Rules as Key Discussions Remain Secret|
The International Monetary Fund provides public access to board-meeting minutes only up to 2010, even though its guidelines require that such information should be available for more-recent deliberations.
|ECB's Inaction Echoes Global Caution Over Weak Inflation|
ECB policy makers haven't yet discussed the future of their bond-purchase program after its tentatively scheduled end in December, but will do so in the fall, ECB President Mario Draghi said.
|Low Earners Are Making the Biggest Gains for the First Time in Years|
For the first time in years, pay for lowest-income Americans is rising faster than for other groups. Weekly pay for earners at the lowest 10th percentile of the wage scale rose at a faster rate last quarter, from a year earlier, than any other group.
|U.S. Jobless Claims Dropped Last Week|
The number of Americans applying for first-time unemployment benefits fell last week, another signal of a buoyant job market.
|Why Small Firms Are Giving Out 15% Pay Raises|
As the job market tightens, small-business owners are boosting pay to keep experienced hands from jumping ship.