What's News: Business & Finance -- WSJ

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (August 29, 2018).

New-vehicle sales in the world's largest auto markets are encountering their first sustained slowdown since the financial crisis, after nearly a decade of growth.

Yum China has rejected an investor consortium's offer to take it private that valued the restaurant operator at over $17 billion.

Aston Martin was expected as early as Wednesday to unveil plans for a stock-market listing this year.

Home-price growth in the U.S. slowed in June for the third straight month, welcome news for buyers.

The Senate voted to confirm Columbia University economist Richard Clarida as Fed vice chairman.

Ex-Barnes & Noble CEO Parneros sued the bookseller, accusing its executive chairman of fabricating reasons to fire him.

The Nasdaq and the S&P 500 posted small gains, closing at new records. The Dow rose 14.38 points.

The OCC took the first step toward rewriting rules for lending in lower-income neighborhoods.

Best Buy posted rising sales but said profit growth would slow as it continues to invest in its operations.

J.Crew's flagship brand snapped a four-year slump, posting a slight gain in quarterly sales at the firm's existing stores and websites.

Tiffany reported soaring profit and sales, underscoring affluent shoppers' willingness to spend on luxury brands.

(END) Dow Jones Newswires

August 29, 2018 02:47 ET (06:47 GMT)

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