Finance

Patrick T. Fallon | Bloomberg | Getty Images Randall Stephenson, chairman and chief executive officer of AT&T Inc., left, speaks while Jeffrey ‘Jeff’ Bewkes, chairman and chief executive officer of Time Warner Inc., listens during the WSJDLive Global Technology Conference in Laguna Beach, California. The DOJ should be even more …

Daniel Acker | Bloomberg | Getty Images Book covers with images of Warren Buffett, chairman of Berkshire Hathaway, hang above tables during the Berkshire Hathaway annual shareholders meeting in Omaha, Nebraska. The Berkshire Hathaway shareholder meeting this weekend will be big business for one bookstore in Omaha. Tens of thousands …

Activist investor Dan Loeb wants United Technologies to split into three companies, according to a letter from his Third Point hedge fund Friday. “To reverse its years of underperformance and realize the full potential of its franchise assets, we believe UTC should split into three focused, standalone businesses: Otis [Elevator …

Chinese cancellations of U.S. soybean orders for the week ended April 26 resulted in a decline of 133,700 metric tons in net sales to China, USDA Foreign Agricultural Service data showed Thursday. But 66,000 metric tons of those soybeans were sent to Vietnam instead, the data showed. Meanwhile, the U.S. …

Photo: David Monniaux | Wikipedia Manuela Veloso, head of the Machine Learning department at Carnegie Mellon University. J.P. Morgan Chase hired a veteran professor as head of artificial intelligence research as the investment bank prepares for wider adoption of automation. The bank said that Manuela Veloso, head of the machine …

Daniel Acker | Bloomberg | Getty Images Henry Kravis, co-founder of KKR KKR shares jumped Thursday after the private equity firm announced a plan to convert to a corporation from a partnership. Shares traded more than 3.5 percent higher Thursday morning. During the premarket, it had gained as much as …

Hassan Sarbakhshian | Bloomberg | Getty Images A worker operates a Caterpillar Inc. 336D hydraulic excavator during construction on Route 7 near Falls Church, Virginia. Shares of Caterpillar fell Thursday after Bank of America Merrill Lynch downgraded the company’s stock to neutral from overweight, arguing that sales growth is slowing …

Bitcoin fell below $9,000 Tuesday, the first trading day of May. The cryptocurrency traded 3.9 percent lower around $8,880 as of 8:49 a.m. ET, according to CoinDesk’s bitcoin price index. The decline followed a gain of about 33.5 percent for April. There was no immediately apparent reason for bitcoin’s drop, …

One Wall Street analyst regrets his decision to downgrade Facebook’s stock earlier in the year after its big earnings beat. Facebook reported quarterly earnings and revenue well beyond consensus expectations on Wednesday despite its recent scandal involving data privacy and Cambridge Analytica. The impressive numbers sparked a rally in its …

Investors want clear and optimistic forecasts for the rest of this year from companies and they simply aren’t getting that. It’s not enough to top Wall Street’s notoriously low estimates. The EPS beat rate stands at 76.7 percent this quarter, and the average stock that has reported first quarter numbers …