MarketWatch First Take: Zillow punished for new businesses, but doubles down with new acquisition

MarketWatch First Take: Zillow punished for new businesses, but doubles down with new acquisition
Zillow Inc. continues to expand beyond its core real-estate listing business, but it got punished Monday as its second quarter showed that those efforts are taking longer than expected, even as it doubles down with another acquisition. On Monday, shares of Zillow tumbled 16% in after-hours trading after its earnings results were lower than expected, thanks to its new businesses,... Read More

Disney’s upcoming ‘Star Wars’ streaming series expected to cost $100 million

Disney’s upcoming ‘Star Wars’ streaming series expected to cost $100 million
New details about Walt Disney Co.’s upcoming streaming-video service have been revealed, including the whopping price tag for a live-action “Star Wars” series. According to a New York Times report, the 10-episode “Star Wars” series from “Iron Man” director Jon Favreau is expected to cost about $100 million, putting it on par with the costliest shows on television (although next... Read More

The Wall Street Journal: DOJ appeals AT&T-Time Warner deal, says judge ignored ‘common sense’

The Wall Street Journal: DOJ appeals AT&T-Time Warner deal, says judge ignored ‘common sense’
WASHINGTON — The Justice Department argued Monday that a trial judge ignored “fundamental principles of economics and common sense” when he allowed AT&T Inc.’s acquisition of Time Warner Inc., as a host of new details about the antitrust trial became public for the first time. The government’s arguments came in a brief filed in federal appeals court, where the Justice... Read More

The Wall Street Journal: Carl Icahn to go public with his opposition to Cigna-Express Scripts merger

The Wall Street Journal: Carl Icahn to go public with his opposition to Cigna-Express Scripts merger
Carl Icahn is going public with his campaign to scuttle Cigna Corp.’s CI, -0.73%   $54 billion plan to buy Express Scripts Holding Co. ESRX, -0.89%   The billionaire activist investor plans to send an open letter Tuesday urging fellow Cigna shareholders to vote against the deal, which he calls a “$60 billion folly” carrying a “ridiculous” price tag, according... Read More

The government should ask better questions to understand jobs and unemployment, the nation’s former top statistician says

The government should ask better questions to understand jobs and unemployment, the nation’s former top statistician says
Each month, the U.S. Census Bureau and the Bureau of Labor Statistics conduct the Current Population Survey which is used to calculate key economic indicators such as the unemployment rate as well as the wage rate. While the survey data is meant to be representative of the entire workforce, there is growing concern that the questions fail to capture non-traditional... Read More

One reason why wages aren’t rising faster: The gutting of middle-manager positions

One reason why wages aren’t rising faster: The gutting of middle-manager positions
Wage growth remains stubbornly low — and one trend across many U.S. companies could be contributing to the problem: Cutting middle managers. Even though the economy added 1.5 million jobs so far in 2018, wage growth has been persistently sluggish, said Brian Kropp, HR practice leader at consulting firm CEB, a division of Gartner, a global research and advisory firm.... Read More

The Wall Street Journal: Alcoa asks for exemption from Trump administration’s aluminium tariffs

The Wall Street Journal: Alcoa asks for exemption from Trump administration’s aluminium tariffs
The largest U.S. aluminum maker wants an exemption from tariffs designed to bolster domestic metal production. Alcoa Corp. AA, +0.00%   on Monday asked the Trump administration for an exemption from tariffs on aluminum imported from Canada, where the company makes a raw form of the metal that it rolls into sheet for beverage cans at a U.S. plant. Some... Read More