What's News: Business & Finance -- WSJ

Features Dow Jones Newswires

The Trump administration said it reached agreement with China on a broad range of measures aimed at improving the access of U.S. exporters.

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First-time buyers are rushing to purchase homes after a decade on the sidelines, which could kick the housing market into higher gear.

China's bond market is showing signs of stress, with yield on longer-term debt falling below that on shorter-term debt.

Airlines are bracing for a possible expansion of a laptop ban to include routes from Europe to the U.S.

Macy's troubles showed no sign of abating as the department store reported another quarter of falling sales. Shares sank 17%.

Money from state-run Chinese firms helped finance a huge aluminum stockpile that sparked U.S. probes.

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Ford shareholders pressed top executives about the stock's decline during CEO Fields's tenure.

McDonald's is offering to pay a big chunk of the cost of upgrades to its franchisees' restaurants.

Uber suffered a blow as a European court adviser recommended it be regulated as a transport company.

Stocks fell as weak earnings hurt consumer-discretionary shares. The Dow lost 23.69 points to 20919.42.

Bombardier said Pierre Beaudoin agreed to step down from his executive role, but he will remain chairman.

(END) Dow Jones Newswires

May 12, 2017 02:47 ET (06:47 GMT)