The Los Angeles Times building. The owner of the newspaper, Tribune Publishing Company, rejected an unsolicited offer from Gannett.
One of the worst stretches ever for American productivity growth is getting even worse. Worker productivity—the output of goods and services for each hour of labor—slid in the opening months of the year as companies shelled out more on wages.
Zynga Inc. ZNGA -0.86 % on Wednesday reported first-quarter results that beat expectations, thanks to cost cuts and increased advertising revenue, but the videogame developer posted another sharp decline in customers.
The European Central Bank will phase out the 500-euro note by the end of 2018. Credit Miguel Medina/Agence France-Presse - Getty Images.
Kraft Heinz Co (KHC.O), the maker of Kraft cheese, Heinz ketchup and Jell-O, reported a better-than-expected quarterly profit as its costs fell and demand rose for its condiments and sauces.