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Congress Averts a Shutdown But Now Faces a Messy Start to 2018

The Republican-controlled Congress on Thursday night managed the bare minimum task of keeping the government open, yet made little progress on a medley of divisive fiscal and social issues it will now be forced to confront in January. Among these are resolving a long-running dispute over defense spending levels; raising the nation’s debt ceiling, which…

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H&M Misses Out on Holiday Cheer

While retailers across the U.S. and much of Europe celebrate their best holiday season in years, fast-fashion pioneer H&M isn’t sharing in the good cheer. With rivals such as Zara and Primark luring shoppers away, the Stockholm-based chain on Dec. 15 reported its biggest quarterly sales drop in at least a decade. Stock in the company,…

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Boeing Seeking Deal With Brazilian Aerospace Titan

Boeing Co. is considering a “potential combination” with Brazil’s  Embraer SA, the companies said, setting the stage for a blockbuster deal that would expand the U.S. aerospace giant’s reach into the highly competitive market for smaller jets. The options include a joint venture that would enable the companies to cross-sell their complementary lineups of commercial…

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Peru Government Limps on as Kuczynski Survives Impeachment Bid

Peruvian President Pedro Pablo Kuczynski survived a pell-mell impeachment effort over allegations that he lied about dealings with Brazilian construction company Odebrecht SA, which is at the center of the biggest corruption scandal in Latin America’s history. After a Thursday congressional session that lasted more than 13 hours, lawmakers in the opposition-dominated chamber fell short…

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