News Archive for October 30, 2014

  • Oil Price Slump Unbalances Majors’ Budgets

    All together now—and squeeze. Just as Europe’s oil and gas companies were getting close to covering capital spending and dividends with operating cash flow, along comes a slump in the oil price.

  • Ukraine, Russia to Resume Talks

    BRUSSELS—Ukraine and Russia were set to resume talks on Thursday to resolve their natural-gas dispute, with officials scrambling to secure funding for Kiev to pay for gas deliveries.

  • A Luxury Villa Near Florence, Italy Lists for About $25 Million

    A 19th century villa near Florence, Italy has listed for about $25 million, says Simone Rucellai, who inherited the property from his late maternal grandmother in the early 1990s.

  • First Iraqi Kurdish Fighters Arrive in Syrian City of Kobani to Battle Islamic State

    SURUÇ, Turkey—The first dozen of some 160 Iraqi Kurdish fighters crossed into the besieged Syrian city of Kobani from Turkey early Thursday, as Islamic State continued shelling the frontier in an apparent attempt to keep them away.

  • Alcatel-Lucent Starts Sending the Right Signals

    Alcatel-Lucent’s signals may finally be in sync.The French network equipment provider Thursday delivered a positive surprise in its quarterly results. Even as revenues fell, gross margins reached 34%, the highest level in seven years.

  • Has Samsung Lost Its Grip to Chinese Smartphones

    SEOUL—The precipitous deterioration of Samsung Electronics Co.’s mobile-phone business raises the question: Will Chinese companies soon rule the smartphone market?

  • Southern Baptists, Gay Community Break Bread at Conference

    NASHVILLE, Tenn.—A landmark gathering of Southern Baptists here opened with Albert Mohler, the stalwart head of the Southern Baptist Theological Seminary, apologizing for “denying the reality of sexual orientation,” but saying orientation ...

  • Barclays Takes $800 Million Provision Related to Forex Probes

    LONDON—Barclays PLC on Thursday reported a fresh £500 million ($800 million) legal provision related to investigations into the alleged manipulation of the foreign-exchange market.

  • Protesters in Burkina Faso Burn Government Buildings

    Burkina Faso’s capital was plunged into disarray Thursday as protesters burned government buildings and stormed the presidential estate, enraged by President Blaise Compaore’s plan to extend his 27-year rule of the West African country.

  • Fujifilm to Speed Output of Ebola Drug

    TOKYO—Fujifilm Holdings Corp. said it would prioritize providing its drug Avigan for people with Ebola but couldn’t assess the effect on the company’s profit.

  • Olympic Athlete Lolo Jones on Staying Motivated

    LOLO JONES IS one of the few athletes who has competed in both the summer and winter Olympics. The American track and field star specializes in the 60- and 100-meter hurdles and more recently took up bobsledding. She is currently training ...

  • Florida Penthouse Under Construction To Ask $29 Million

    A penthouse still under construction in Sunny Isles Beach, Fla., will ask for $29 million.More than 19,000 square feet, the apartment is expected to be the priciest offering in the unfinished Jade Signature condo building. It will include ...

  • Tom Cruise Lists in Telluride for $59 Million

    Tom Cruise is listing his 298-acre Telluride, Colo. estate for $59 million, according to Telluride Sotheby’s International Realty, the firm listing the property.

  • Brazilian Shares Rise, Real Strengthens, After Surprise Rate Increase

    SÃO PAULO—Brazilian shares rose and the real strengthened against the dollar Thursday after the country’s central bank surprised markets and raised its benchmark interest rate on Wednesday night.

  • Quirky Mansions Make a Tough Sell

    John Nugent spared no expense customizing his Andover, Mass., home for his family. For his sports-loving children, he built a full-size indoor basketball court with a scoreboard, a 30-second shot clock and three rows of bleachers. ...

  • At Least 4 Dead After Small Plane Crash at Kansas Airport

    A small plane crashed into a building at Wichita Mid-Continent Airport in Kansas, shortly after takeoff on Thursday morning, killing at least four people, authorities said.

  • Judge Orders GT Advanced Bankruptcy Papers Unsealed

    A bankruptcy judge in New Hampshire on Thursday ordered the unsealing of papers spelling out, in detail, the reasons jilted Apple Inc. supplier GT Advanced Technologies Inc. filed for Chapter 11 bankruptcy protection.

  • U.S. Government Bonds Gain on GDP Qualms

    Treasury prices gained Thursday as investors kept their optimism about the U.S. economy in check despite a solid headline reading on last quarter’s growth.

  • Richard Ford’s Frank Bascombe Is Back

    Richard Ford keeps a small notebook on hand to record lines and phrases he wants to remember. Alongside many of them, he writes: “FB.”“FB” stands for Frank Bascombe, the wryly observant narrator of three of his novels. Frank first appeared ...

  • In Sierra Leone, Ambulances Carry Ebola Patients, Big Questions

    KENEMA, Sierra Leone—Boarding an ambulance in Freetown last Friday, a pair of Ebola patients began what some in Sierra Leone call the journey of no return.

  • Bitcoin Foundation’s Chief Jon Matonis to Resign

    Jon Matonis is resigning as executive director of the Bitcoin Foundation, a trade group that supports and advocates for the development and expansion of bitcoin, the digital currency.

  • Sweden Recognizes Palestinian State

    STOCKHOLM—Sweden’s center-left government on Thursday recognized Palestine as an official state, joining a short list of other European countries to have done so.

  • World Bank Pledges $100 Million to Fight Ebola in West Africa

    WASHINGTON—The World Bank on Thursday pledged more money to alleviate a health-worker shortage in West Africa in the fight against Ebola, while the International Monetary Fund warned that the three worst-hit countries face deepening ...

  • Total Well Placed to Weather Oil-Price Volatility, CEO Says

    LONDON—French oil major Total SA is well placed to weather the recent oil-price volatility, with new production scheduled to come on stream over the next two years set to bolster the company, its new Chief Executive Patrick Pouyanné told a ...

  • Bharti’s Profit More Than Doubles

    NEW DELHI—Bharti Airtel Ltd., India’s biggest telecommunications company by revenue and subscribers, said Thursday its fiscal-second quarter profit more-than-doubled thanks to higher usage of Internet services.

  • Best-Selling Books Week Ended Oct. 26

    Hardcover NonfictionNonfiction E-BooksNonfiction CombinedHardcover FictionFiction E-BooksFiction CombinedHardcover BusinessMethodologyNielsen BookScan gathers point-of-sale book data from more than 16,000 locations across the U.S., ...

  • U.S. Stocks Rise

    U.S. stocks extended gains in afternoon trading, as a strong earnings report from Visa Inc. spurred a sharp advance in the Dow industrials.The Dow Jones Industrial Average rose 176 points, or 1%, to 17150. The S&P 500 index gained 11 ...

  • Royal Dutch Shell Posts Rise in Profit

    LONDON—Royal Dutch Shell PLC on Thursday reported a 24% jump in third-quarter earnings, bucking falling oil prices and the recent sagging profits of its European peers.

  • Brussels Is Craving Cubes

    New homes are changing the look of Uccle, an upscale neighborhood in the south of Brussels, where prosperous Belgians and a new wave of Europeans, especially from France, are keeping real-estate prices strong.

  • FTC Says Gerber Falsely Advertised Baby Formula as Reducing Allergies

    U.S. officials have charged Gerber Products Co. with falsely advertising the potential health benefits of its Good Start Gentle baby formula.

  • Ebola Fears Slow Rice Shipments From Asia to Africa

    The fear of Ebola is slowing rice shipments from Asia to Africa with shipping crews either refusing to travel to affected regions or demanding higher freight charges, aggravating a food crisis in one of the most malnourished parts of the ...

  • Credit Cards Ride Wave of Electronic Payments

    Credit-card companies are riding a surging wave in electronic payments and benefiting from continued growth in consumer spending.MasterCard Inc. reported better-than-expected quarterly results on Thursday, sending the company’s shares up ...

  • Haunted Jazz, Spooktacular Stomps for Halloweekend

    Preservation Hall Jazz Band, plus Allen ToussaintMusic Hall of Williamsburg66 N. Sixth St., Brooklyn, (718) 486-5400SaturdayThe venerable, 52-year-old hot jazz institution hereby makes the following vow, as God is their witness: Everything ...

  • Rebel Advance Imperils Peace Effort in South Sudan

    East African mediators on Thursday ordered South Sudan rebel fighters to halt an advance on the oil hub of Bentiu, as renewed fighting threatened to upend power-sharing talks set to open in Ethiopia to resolve a civil war that has dragged ...

  • NHTSA Orders Airbag Maker Takata to Disclose More Data

    The National Highway Traffic Safety Administration said Thursday it has ordered Japanese airbag maker Takata Corp. to disclose more data related to millions of defective airbag systems and answer questions “under oath.”

  • Activist, DuPont Spar Over Sale of Paint Unit

    When DuPont Co. agreed to sell its paint-making unit to private-equity firm Carlyle Group LP two years ago, the chemicals giant was lauded by deal makers and analysts for fetching a rich price.

  • Ruble Rebounds in Roller-Coaster Ride Ahead of Central Bank Decision

    MOSCOW—Russia’s beleaguered ruble rebounded suddenly on Thursday, intensifying the focus on what the country’s central bank will do when it sets interest rates later in the week and suggesting that those betting against the currency may ...

  • ChiNext Investors Get a Rocky Ride

    China’s market for startups has established itself as a home for fast-growing companies looking for cash, but it has been a hairy ride for investors.

  • Samsung, Apple Lose Ground to China Smartphone Makers

    The erosion of Samsung Electronics Co.’s and Apple Inc.’s dominance of the global smartphone market accelerated during the third quarter, as Chinese makers of low-cost phones continued to undercut the industry leaders, according to data ...

  • Volkswagen Profit Rises 58%

    BERLIN—Volkswagen AG reported sharply higher profit and steady sales growth in its third quarter, aided by less currency turbulence and strong earnings at its Audi, Porsche and Skoda brands.

  • European Stocks Gain After Seesaw Session

    European stocks gained Thursday in a seesaw session, but banks in Southern Europe remained a weak spot.A better-than-expected reading on the U.S. economy gave shares a lift in the afternoon, helping the Stoxx Europe 600 index close 0.6% ...

  • 1,000 Flavors of Banana: the New Science of Food Additives

    In the first 90 years of making its signature product, Campbell Soup Co. developed just over 100 varieties. In the past 30 years, that number has quadrupled, and now includes soups as diverse as Thai Tomato Coconut Bisque, Philly-Style ...

  • U.S. Third-Quarter GDP Expands at 3.5% Rate

    The U.S. economy expanded at a healthy pace during the third quarter, a sign of sustained growth fueled by government spending and a narrower trade deficit despite mounting concerns about the health of overseas economies.

  • Vodafone Urges Hungary to Withdraw Planned Internet Tax

    BUDAPEST—Hungary should withdraw its plan to tax Internet traffic from Jan. 1 because the proposed levy would reduce the country’s competitiveness, head of the U.K. mobile company Vodafone Group PLC’s Hungarian arm said on Thursday.

  • Toshiba, Fujitsu, NEC Squeeze Out Profit Gains

    TOKYO—Three of Japan’s biggest electronics companies reported modest earnings gains Thursday for the first half of the financial year ending March, helped by the yen’s weakness and restructuring, but held back by a soft domestic economy.

  • Chinese Shipping Operators Swing to Profit on Subsidies, Cost Control

    HONG KONG--- Two of China’s top shipping operators swung to a third-quarter net profit largely thanks to government subsidies and stringent cost control.

  • Chinese Auto Maker SAIC Sees Profit Grow 5%

    SHANGHAI—SAIC Motor Corp., China’s largest auto maker by sales, said Thursday its third-quarter net profit rose 5% on solid sales gains at its joint ventures with Volkswagen AG and General Motors Co.

  • Can the Royal Rally Roll On

    Kansas City, Mo.The last time they’d played a noisy Game 7 here, Ronald Reagan was amid his second term. The finale had been a rout, 11-0, Royals over Cardinals. The fans behind the outfield wall here who were old enough to remember it ...

  • Apollo’s Profit Plummets, Misses Analyst Views

    Apollo Global Management LLC on Thursday said its third-quarter profit dropped significantly on declines in the value of its funds’ holdings and a reduction in deal profits.

  • Jerusalem Religious Site Closed Following Shootings, Rioting

    Israeli authorities closed one of the most revered and contested religious sites in the world Wednesday, as rioting broke out in East Jerusalem following the shooting death of a Palestinian suspected of attacking a prominent right-wing ...

  • Bosch Chairman Urges India to Revamp Labor Laws

    BANGALORE, India—The chairman of German auto-parts supplier Robert Bosch GmbH called on India’s government to revamp its labor laws, saying the company’s future investment decisions would depend on it.

  • Time Warner Cable Profit Drops as Subscriptions Wane

    Time Warner Cable Inc. Chief Executive Rob Marcus said the regulatory review of the company’s pending merger with Comcast Corp. is going “somewhat more slowly” than expected, as the company reported a drop in third-quarter profit and ...

  • The Greatest World Series Pitching Performance Ever

    KANSAS CITY, MO—In the champagne-drenched visitor’s clubhouse of Kauffman Stadium, where the San Francisco Giants were celebrating their World Series victory, one Giant after another tried to make sense of what they had just experienced.

  • How American Meb Keflezighi Is Shaking Up the Marathon World

    On April 21, one hundred minutes into the running of the 118th Boston Marathon, something incredible passed before fans at the 21-mile mark: an American in the lead. The very sight—of Meb Keflezighi out front in a race that no American man ...

  • Masters of the Universe

    Probing the depths of the universe is getting easier with the help of theoretical models, telescopes and, more recently, supercomputers. In the new book “Cosmigraphics” (Abrams, $50), Michael Benson chronicles the history of representations ...

  • Map of ‘Haunted’ Homes Is Landlords’ Nightmare in Japan

    TOKYO—Wherever there are houses haunted by misfortune, Teru Oshima wants to hear about it.Mr. Oshima has built one of Japan’s most popular real-estate websites by compiling an online map showing properties with histories of ghastly events. ...

  • Thomas Menino, Boston’s Longest-Serving Mayor, Dies at 71

    Thomas Menino, the longest-serving mayor of Boston and a popular figure who oversaw the once-gritty city’s transformation into a cultural and commercial hub, died Thursday. He was 71 years old.

  • Barrick May Close Zambian Copper Mine If Tax Hike Goes Ahead

    KAMPALA Uganda—Barrick Gold Corp. may be forced to close down its Lumwana Copper Mine in Zambia if the government goes ahead with a plan to more than triple mineral royalties, the company said on Thursday, in sign that relations between ...

  • Lufthansa Lowers 2015 Earnings Outlook

    FRANKFURT—Deutsche Lufthansa AG on Thursday scaled back its earnings targets for next year and said it was drawing up contingency plans should economic conditions further deteriorate.

  • Nurse Defies Ebola Quarantine in Maine

    The nurse who has resisted state-imposed quarantines after she treated Ebola patients in Africa went out for a bike ride in northern Maine on Thursday in a show of defiance as state health officials considered seeking a court order to ...

  • InTrade Founders Launch New Forum for Political Predictions

    Founders of political wagering site Intrade are back with a new forum for electoral prognosticating, minus one big thing: the wagering.Pivit, a web and mobile application, is launching prediction markets this week for the midterm U.S. ...

  • Japan’s SoftBank Taking a Hard Look at America Movil Assets

    SoftBank Corp. is prospecting in Mexico.The Japanese telecom and technology giant is taking a hard look at wireless assets that have been put up for sale by America Movil, people familiar with the matter said, as it studies the possibility ...

  • Petrobras Names Law Firms Aiding Corruption Investigation

    RIO DE JANEIRO—Brazilian state-run oil company Petróleo Brasileiro SA named on Thursday two law firms aiding the company’s internal corruption investigation, including Los Angeles firm Gibson, Dunn & Crutcher LLP.

  • How to Decorate Your House Like a Maria Cornejo Dress

    Knoll Luxe, the exclusive luxury arm of KnollTextiles, is releasing its fourth fashion-based collection in November, this time with designer Maria Cornejo. Known for her eclectic prints, Cornejo was tapped for the project because of her ...

  • In ‘Elsa and Fred,’ Shirley MacLaine, 80, Acts Her Age

    To anyone familiar with Shirley MacLaine’s existential outlook on life (which includes her past lives) it should come as no surprise that the actress is philosophical about being 80 years old and still starring in movies.

  • Nintendo Introducing Device to Improve Sleep

    TOKYO—Nintendo Co. is hoping to revive its flagging fortunes with a better night’s sleep.With its console-videogame business facing growing challenges from free games played on smartphones, the Japanese company said Thursday that it was ...

  • Hong Kong Students Consider Taking Protest to Beijing

    HONG KONG—Student leaders here said they are considering taking their demands for democracy to Chinese leaders in Beijing next month when China plays host to a high-profile global summit, a move that would represent a significant escalation ...

  • Sony Replaces Mobile Division Head

    TOKYO--Sony Corp. on Thursday named Senior Vice President Hiroki Totoki as the new head of its mobile division, the electronics giant’s latest move to prop up its struggling smartphone business.

  • Lenovo Completes Motorola Acquisition

    Lenovo Group Ltd. said Thursday it has completed its $2.91 billion acquisition of Motorola Mobility, as the world’s largest personal-computer maker continues its expansion in the global smartphone market.

  • LPL’s Profit Drops Amid Regulatory Punches

    LPL Financial Holdings Inc.’s regulatory burdens are taking a toll as the brokerage firm reported a nearly 12% drop in third-quarter profit.

  • Why Hollywood Loves ‘Interstellar’ Director Christopher Nolan

    For a big-ticket movie, the science-fiction epic “Interstellar” is highly unusual. It cost a hefty $165 million budget to make, but is also wholly original—that is, not based on a comic book, TV show, or young-adult novel. Amid much hoopla, ...

  • An APEC Partnership fro Global Growth

    In little more than two weeks, Chinese leader Xi Jinping will host his regional counterparts at the APEC Leaders Meeting in Beijing. Shortly afterward, many of the same leaders will be at the East Asia Summit in Naypyitaw, Burma. For the ...

  • Pilgrim’s Pride CEO Predicts Chicken Industry Boom to Continue

    The top executive of Pilgrim’s Pride Corp. said Thursday that boom times for the U.S. chicken industry are set to continue next year, as domestic consumers and foreign importers continue to favor poultry over other meats.

  • Singapore’s United Overseas Bank Third-Quarter Profit Rises 19%

    Singapore’s United Overseas Bank Ltd. Thursday reported a 19% rise earnings for the third quarter, led by double-digit growth in both net interest income and noninterest income.

  • Argentine House Passes Law to Boost Shale Investment

    BUENOS AIRES—Argentine lawmakers approved a sweeping overhaul to the hydrocarbon law on Thursday to boost investment in Argentina’s vast shale oil and gas deposits in hopes of weaning the country off expensive energy imports.

  • BJP at the Crossroads

    For a political outfit often described as right-of-center, India’s ruling Bharatiya Janata Party has long faced an odd dilemma: Even its well-wishers are unsure about the depth of the party’s commitment to market-based economic reforms.

  • Bombardier Profit Falls, But Beats Analysts’ Estimates

    Bombardier Inc. surprised markets Thursday with better-than-expected results on stronger airplane deliveries, and said efforts to streamline corporate operations could generate savings of over a quarter-billion dollars annually beginning in ...

  • Tiny Bubble: Big-Time Property Deals Drive Boom in Small-Scale Replicas

    Designers at the London firm Kandor sweat the small stuff. Vogue and GQ arranged just so on the coffee table. The creases sharp on the pillowcases. Paintings hung perfectly straight. Lampshades bathing the room in soft light.

  • High Stakes in Dracula’s Transylvania

    Count Dracula, the central character of Irish author Bram Stoker’s classic vampire novel, eagerly left for England in search of new blood, in a story that popularized the Romanian region of Transylvania. Today, house hunters are invited to ...

  • European Bank Stocks Under Pressure Despite Healthy Stress Test Results

    European bank stocks have slipped in October, seemingly dismissing satisfactory results from the European Central Bank’s stress tests and data showing a pickup in the appetite for lending.

  • Vonnegut: Should You Tell Clients About That Bonus

    “What have I done?”That question haunted me after I moved from my old shop, a wirehouse, to the greener pastures of a new, fee-only advisory firm.

  • Martin Short: On the Lighter Side

    Were he to be bludgeoned to death this afternoon, muses actor Martin Short as we sit in his living room in Pacific Palisades, Calif., the obituary would read “Pointy-headed nerd, bludgeoned.” It’s the sort of staccato quip that has made his ...

  • Spat Between Vienna and Bayern LB Threatens HGAA Sale

    VIENNA—A spat between the Austrian government and German lender Bayern LB is complicating the sale of nationalized lender Hypo Alpe-Adria-Bank International AG, or HGAA, people familiar with the matter said.

  • Three Damson Fine Cocktails

    HEDGEROWS ACROSS EUROPE have been bursting with damsons. Both sweet and tart, these wonderfully purple fruits, known as the “plums of Damascus,” are a natural choice for jam. But they’re also a versatile cocktail ingredient. Whether using ...

  • Avon’s Sales Keep Sliding, Hurt by Currency Rates

    Avon Products Inc. posted a slightly bigger-than-expected decline in revenue for its third quarter, hurt by weak foreign exchange rates and lower sales volumes.

  • Dollar Slips on Stronger GDP for Third Quarter

    The dollar weakened against rival currencies Thursday after third-quarter data showed an expanding U.S. economy, but underlying domestic-demand numbers discouraged investors.

  • Raimondo Loses Her Religion

    If Rhode Island Treasurer Gina Raimondo loses the governor’s race on Tuesday, it won’t be because she bucked the public unions by championing pension reform. It will be because she bucked her own economic principles and the Catholic Church ...

  • Jobless Claims Remain at Historically Low Levels

    WASHINGTON—The number of new claims for jobless benefits rose last week but remained at historically low levels, supporting other signals of an improving labor market.

  • Eni Sees Challenging Market as Profit Drops

    MILAN—Eni SpA said on Thursday that third-quarter net profit plunged as the Italian oil and gas company didn’t repeat last year’s large one-time gain while lower oil prices and a sluggish world economy began to weigh on the company’s ...

  • Wal-Mart Weighs Matching Online Prices

    Wal-Mart Stores Inc. is testing a program to match online prices from rivals like Amazon.com Inc. this holiday season, a move that could make the discounter more competitive but cut into profits.

  • MasterCard Profit Rises 15% on Higher Payment Volumes

    MasterCard Inc. said its profit jumped 15% in the most recent period as the credit-card company posted higher revenue and payment volumes.The results topped analysts’ expectations.

  • Cigna Raises Outlook as Results Exceed Expectations

    Cigna Corp. again raised its guidance as fee and premium revenue grew along with its customer base in the third quarter.The health insurer’s results easily topped analysts’ expectations.

  • Copper Drops on Stronger Dollar

    Copper prices fell Thursday, as a stronger dollar trounced better-than-expected U.S. economic growth.Copper for December delivery, the most actively traded contract, was recently down 2% at $3.0430 a pound on the Comex division of the New ...

  • LeBron James Gets It

    Remember when LeBron James didn’t “get it”?This was four basketball seasons ago. It’s exhausting just to remember. Here was the alleged scandal: James, then 25 years old, left his home state of Ohio for South Florida, seeking job ...

  • ConocoPhillips’s Earnings, Production Rise

    ConocoPhillips said its third-quarter earnings grew 9% on increased oil and gas production, despite a drop in selling prices.The exploration and production company has been selling noncore assets to focus on those with higher returns, such ...

  • Sinopec Earnings Fall 12% on Weaker Oil Demand

    HONG KONG—State-controlled China Petroleum & Chemical Corp., or Sinopec, Thursday posted a 12% decline in third-quarter net profit from a year earlier on weaker oil demand.

  • Stockton Faces Key Ruling on Bankruptcy

    SACRAMENTO, Calif.—Residents in the California city of Stockton will likely learn Thursday if they can put more than two years of financial uncertainty behind them.

  • Vale Swings to Surprise Loss

    RIO DE JANEIRO—Brazilian mining giant Vale SA surprised investors Thursday by coughing up a net loss in the third quarter due a sharp depreciation in the local currency and the lowest iron-ore prices since 2010.

  • George R.R. Martin Writes a Big ‘Ice and Fire’ History

    Fantasy writer George R.R. Martin has turned historian, and his main subject is the land of Westeros, the imaginary realm he created for his fantasy series “A Song of Ice and Fire,” the basis for the hit HBO series “Game of Thrones.” Mr. ...

  • Wal-Mart to Close 30 Underperforming Stores in Japan

    Wal-Mart Stores Inc. plans to close about 30 underperforming stores and accelerate its remodeling efforts in Japan, a highly fragmented retail market.

  • WWE to Drop Six-Month Commitment for Online Video Subscriptions

    World Wrestling Entertainment Inc. is taking the chokehold off subscribers to its online video service.When the WWE Network launched in February of this year, it demanded a six-month commitment from subscribers at a price tag of $9.99 a ...

  • Bolivia’s MAS Party Wins Legislative Assembly Vote

    Bolivian President Evo Morales’s ruling Movement Toward Socialism party won a two-thirds supermajority in the legislative assembly in an election earlier this month, according to final results released late Wednesday, solidifying his ...

  • Hagel Approves 21-Day Ebola Isolation Period For Military

    WASHINGTON—U.S. Secretary of Defense Chuck Hagel approved Wednesday a recommendation from the Joint Chiefs of Staff requiring a 21-day isolation period for all military personnel returning from the West Africa region hard hit by the Ebola ...

  • Former Ting Hsin Executives Indicted Amid Cooking Oil Scandal

    TAIPEI—Several former executives of Ting Hsin International Group and its suppliers were indicted by prosecutors in Taiwan Thursday, for allegedly selling cooking oil tainted with animal feed.

  • Fiji Attracts Old Friends as China’s Clout Grows

    SUVA, Fiji—Western nations are moving to rebuild relations with Fiji as another regional power has claimed a bigger role in the picturesque island nation: China.

  • Canada’s Seven Generations Energy Raises C$810 Million in IPO

    Canadian oil and gas producer Seven Generations Energy Ltd. raised 810 million Canadian dollars ($723.8 million) from a closely watched initial public offering after pricing the issue at C$18 a share, according to a term sheet for the IPO.

  • Elizabeth Arden Swings to Loss on Falling Fragrance Sales

    Elizabeth Arden Inc. swung to a loss in the September quarter as revenue declined sharply on weakness in the fragrance segment.The beauty-products company has struggled in recent quarters to stanch sales declines following a slowdown in ...

  • Ebola Cases Near 14,000 in Current Outbreak, WHO Says

    ZURICH—The number of cases in the current Ebola outbreak neared 14,000, the World Health Organization said Wednesday, even as it suggested the rate of new infections in one of the hardest hit countries was slowing.

  • Goldcorp Swings to Loss

    Goldcorp Inc. posted a loss in the third quarter, with results dragged lower by a reduction in the value of low-grade gold stockpiles at a Mexican mine.

  • Altria Boosted by Higher Cigarette Prices as Volumes Fall

    Altria Group Inc. said its profit rose slightly as higher prices offset yet another decline in cigarette volumes.The tobacco company’s results topped analysts’ expectations as its market share grew.

  • British Court Allows Libya Abduction Case

    LONDON—A British appeals court ruled Thursday that a man who says he was illegally arrested and sent to Libya should be allowed to proceed with a case he has brought against the U.K. government.

  • Trading Volumes Drive CME’s Profit Spike

    CME Group Inc. said its earnings rose 23% as trading volume picked up in the third quarter.The company’s profit exceeded expectations.CME Group, which is the largest futures exchange operator in the world in terms of contracts traded, ...

  • Regional Banks Push Back Against Swaps ‘Push-Out’ Rule

    WASHINGTON—Regional banks are quietly joining the fight against one of the most hated Dodd-Frank provisions on Wall Street.The target is the so-called swaps push-out provision, which requires banks to spin off certain derivatives trading ...

  • Australia Proposes New Data-Retention Laws

    CANBERRA, Australia—The Australian government introduced new laws aimed at forcing phone companies and Internet-service providers to store customer-usage information for at least two years, defying critics who say snooping by intelligence ...

  • Crude Price Falls on Stronger Dollar, Still-High Supply

    Oil prices ticked lower Thursday as the dollar strengthened and high supplies continued to hold prices near multiyear lows.Light, sweet oil for December delivery recently fell 71 cents, or 0.9%, to $81.49 a barrel on the New York Mercantile ...

  • Gold Slides to 3-Week Low on Fed Worries

    Gold prices fell to their lowest level in more than three weeks Thursday, as hawkish comments from the Federal Reserve and strong U.S. economic data suggested that the central bank may raise interest rates sooner than expected, hurting ...

  • For-Profit College Rules Not as Tough as Proposed

    The Obama administration issued new rules that threaten to strip funding from thousands of for-profit college programs, part of a White House attempt to address college costs and rein in student debt, which has doubled since 2007.

  • Kohl’s Matches Macy’s Earlier Thanksgiving Day Opening

    Kohl’s Corp. plans to open its doors at 6 p.m. on Thanksgiving Day, matching rival Macy’s Inc., with both department-store operators opening their stores two hours earlier than last year.

  • Unbeatable Bumgarner Leads Giants to Title

    Kansas City, Mo.The sound of nearly three decades of pent-up excitement reverberated through Kauffman Stadium on Wednesday night. It came in the form of thunderous applause. It came from fans who stood when they had reason to, and stood ...

  • MGM Resorts Posts Narrower Loss

    MGM Resorts International posted weaker-than-expected bottom-line results for the third quarter, hurt by lower revenue at its China operations.

  • Mosaic Earnings Surge on Higher Sales

    Mosaic Co. said its third-quarter earnings jumped 62% on higher phosphate and potash sales, despite the company’s recent warnings that its phosphate business was being weighed by higher raw material costs.

  • Zimmer Holdings to Rename Itself Zimmer Biomet Upon Close of Deal

    Zimmer Holdings Inc. on Thursday said it would rename itself ZimmerBiomet after its acquisition of Biomet Inc. closes.Zimmer also named a group of 12 executives who will lead the combined company’s three business units and geographic ...

  • Thomson Reuters Profit Falls 12%

    Thomson Reuters Corp. said its third-quarter profit fell 12% as currency fluctuations and an income tax expense masked a slight uptick in revenue.

  • New York Times Loss Narrows

    New York Times Co. said its third-quarter loss narrowed as the newspaper publisher continued to contend with stagnant print advertising revenue and rising operating costs.

  • Johnson Controls Sales Rise 2.6%

    Johnson Controls Inc. said its revenue rose 2.6% in the latest quarter, as its three main segments all reported top-line gains.Its building efficiency segment posted a 1% increase in sales to $3.9 billion, driven by growth in Asia and ...

  • The QE Record

    The Federal Open Market Committee announced as expected Wednesday that it will end its bond-buying program this month, which is a small step toward monetary normalcy. The Fed also took a victory lap, declaring in its statement that “there ...

  • Maine Nurse Kaci Hickox Says She Won’t Obey Isolation Rules

    A nurse who returned home to Maine after treating Ebola patients in West Africa said Wednesday she wouldn’t comply with a state quarantine, keeping a spotlight on a person hailed by some as a defender of individual rights and criticized by ...

  • Kellogg Sales Continue to Decline

    Kellogg Co. said its sales fell 2.1% in the latest quarter on declines at the cereal maker’s morning foods and snack businesses.Sales at the company’s U.S. morning foods segment fell 4.8% to $841 million, while U.S. snacks sales fell 4.2% ...

  • Cardinal Health’s Revenue Edges Down 2%

    Cardinal Health Inc. said its revenue edged down 2% in the September quarter, hurt by the expiration of its contract with Walgreen Co.The company was dealt a blow last year when Walgreen and European drug giant Alliance Boots GmbH agreed to ...

  • Ocwen Swings to Loss on $100 Million Charge

    Ocwen Financial Corp. swung to a loss in the most recent quarter as it recorded a $100 million charge related to a potential deal with financial regulators in New York.

  • Samsung Electronics Third-Quarter Profit Falls Sharply

    Samsung Electronics Co. on Thursday said its quarterly net profit nearly halved, as its mobile business continued to lose ground to low-cost Chinese smartphone makers—a rivalry that is expected to intensify.

  • Citic Bank Inhales Capital From Tobacco Giant

    What is China Citic Bank smoking? The move by the mid-sized Chinese lender to top up its capital is welcome, but tapping the dominant state-owned tobacco company for the funds is puzzling.

  • China Eases Monopoly on Handling of Credit-Card Payments

    BEIJING—China is taking a step toward easing its grip on credit cards, potentially resolving a long-running trade dispute with the U.S. and allowing foreign companies such as Visa Inc., MasterCard Inc. and other electronic-payment ...

  • Ukraine, Russia to Resume Talks

    BRUSSELS—Ukraine and Russia were set to resume talks on Thursday to resolve their natural-gas dispute, with officials scrambling to secure funding for Kiev to pay for gas deliveries.

  • Smith & Nephew Posts Rise in Sales

    LONDON—Smith & Nephew PLC on Thursday reported a rise in third-quarter sales as the medical-device maker continues its push to expand in sports medicine and wound-care products.

  • KCG Holdings Posts Loss on Weak Trading Results

    KCG Holdings Inc., which has reportedly been strained by internal concerns over its recent performance, reported a loss in the most recent quarter as slower retail trading activity weighed on r

  • Russia Tells Sistema to Return Bashneft Stake to State

    MOSCOW—A Russian court Thursday ordered local conglomerate AFK Sistema, to return all of its stake in major oil company OAO Bashneft to the state, in a closely watched case that has raised fears about re-nationalization of privatized ...

  • TransCanada Files Application for C$12 Billion Energy East Pipeline

    TransCanada Corp. confirmed Thursday it has filed a formal application with Canada’s main energy regulator for a C$12 billion ($10.7 billion) pipeline that would ship landlocked western Canadian crude to refineries on the country’s east ...

  • Teva Earnings Jump A Better-Than-Seen 23%

    Teva Pharmaceutical Industries Ltd. said its third-quarter earnings rose a better-than-expected 23%, driven by a jump in profitability in its generic medicine segment.

  • Suncor’s Profit Falls on Lower Oil Prices

    Suncor Energy Inc. reported a 46% drop in third-quarter earnings on Thursday, hurt in part by falling oil prices, though results still came in well ahead of analyst expectations.

  • Sri Lanka Mudslide: No Hope of Finding Survivors, Official Says

    KOSLANDA, Sri Lanka—A Sri Lankan official said Thursday there was no hope of finding survivors after a mudslide tore through a tea plantation, but there were widely conflicting reports about how many people had been buried alive under the ...

  • Fujifilm Promises To Provide Drugs To Ebola Patients

    TOKYO—Fujifilm Holdings Corp. will prioritize providing its drug Avigan for those suffering from the Ebola disease, a company executive said Thursday, calling it “our social mission to help those in need first.”

  • BT Strikes Netflix Deal as Profit Falls

    BT Group PLC said it struck a partnership deal with Netflix to add the U.S. entertainment streaming platform to its growing television service, even as the British telecom incumbent Thursday posted lower quarterly profit and revenue.

  • L-3 Earnings Fall 23% on Weakness in Aerospace Segment

    L-3 Communications Holdings Inc. on Thursday said its third-quarter earnings fell 23% amid weakness in its aerospace segment, including order delays and legal costs.

  • Why Australia’s Coonawarra Still Rules

    WITH WINE, THERE ARE always anomalies. Take the case of onegentleman I met at a recent tasting who asked what I thought about French wine. A friend of his who lived in France had told him that all wines outside of the country were just too ...

  • German Jobless Numbers Fall in October

    FRANKFURT—Germany’s jobless rate decreased sharply in October, suggesting that uncertainty about the country’s economic outlook isn’t taking a toll on the labor market yet.

  • The 10-Point.

    Good morning,Despite rising consumer confidence, both Republican and Democratic governors are struggling to get re-elected in Florida, Colorado, Michigan and Connecticut. Our story looks at how the economy is stoking voter anger toward ...

  • Bunge Agribusiness Sales Fall 8.2%

    Bunge Ltd. said sales in its main agribusiness segment fell 8.2% in the latest quarter, as the decline in commodity prices resulted in slow farmer selling.

  • Godzilla Was Very Different 60 Years Ago

    TOKYO—Godzilla has come a long way in 60 years.When the original film opened in Japan on Nov. 3, 1954, Godzilla was made from bamboo, cloth, paper, wire and whatever was available, says Eizo Kaimai, the 85-year-old chairman of Kaimai ...

  • Air Products Sees Growth in Segments, Pushes Cost Cutting

    Air Products & Chemicals Inc. said its top line grew on the strength of positive pricing and growth in most segments, as the company said it would press forward with restructuring and cost cutting.

  • Kung Fu Jungle Director Says Movies Have Missed Strong Characters

    Hong Kong kung-fu movies have taken a real beating in recent years. Moviegoers turned away from them in droves, China’s film industry took over, and the noticeable lack of fresh, young martial-arts stars has been evident.

  • Bayer Raises Earnings Forecast as Profit Rises

    FRANKFURT—German pharmaceutical giant Bayer AG on Thursday raised its full-year earnings forecast as it reported a 13% rise in third-quarter net profit, boosted by strong growth in its health-care and crop-science divisions.

  • U.K. Banks Sell Insurance Again After Mis-Selling Scandal, Aviva Says

    LONDON—British banks have tentatively started selling insurance again in their branches for the first time since the start of a £21 billion ($33.63 billion) consumer mis-selling scandal.

  • ICICI Bank Profit Rises 15%

    MUMBAI—ICICI Bank Ltd., India’s largest private sector lender by assets, Thursday reported a 15% increase in its fiscal-second quarter net profit helped by stronger demand for small loans.

  • 100,000 Gazans Still Homeless as Winter Approaches, Says U.N.

    GAZA CITY—Palestinians living temporarily in a United Nations-run school built here with funds from Bahrain are settling into routines—getting married, bearing babies and installing washing machines and gas stoves.

  • Italy Sees Market Solutions for Banks’ Capital Shortfalls

    ROME—Italian Economy Minister Pier Carlo Padoan said Thursday that he expects local lenders to find market solutions for their need to boost capital after a European Central Bank health check found two of them with a shortfall that still ...

  • Alcatel-Lucent Narrows Losses

    PARIS—Network-equipment company Alcatel-Lucent SA narrowed its loss in the third quarter and reduced the amount of cash it burns after wrestling down costs.

  • Thailand Finance Ministry Lowers Economic Growth Forecast

    BANGKOK—Thailand’s Finance Ministry on Thursday cut its forecast for the country’s economic-growth rate this year to 1.4%, down from its previous 2% estimate.

  • Citic Bank to Sell Up to $2 Billion Shares to Tobacco Maker

    HONG KONG—The bank owned by Citic Ltd, the state-controlled conglomerate that this year became the poster-child for state-owned enterprise reform, said Wednesday it is planning to sell up to $2 billion in shares to a state-owned tobacco ...

  • GIC Buys Stake in Turkey Property Firm

    SINGAPORE—Sovereign-wealth fund GIC Pte. Ltd. is acquiring a stake in a Turkish real-estate firm for 250 million euros (US$316 million), the latest move by the Singapore firm to tap assets in emerging markets.

  • Novo Nordisk Reassures Investors With Growth Forecast

    Denmark’s Novo Nordisk A/S, the world’s largest maker of insulin, on Thursday reassured investors on next year’s growth expectations, days after rival Sanofi SA warned of a sharp slowdown ahead for its own diabetes business.

  • Halloween Draws Muslim Ire in Malaysia as Tensions Simmer

    KUALA LUMPUR—A Muslim religious edict denouncing Halloween parties in Malaysia might not seem like a significant move. Plenty of Christian groups also view the commerce and frivolity that accompany the celebration as vaguely pagan and a ...

  • Maruti Suzuki Profit Rises 29%

    NEW DELHI—Maruti Suzuki India Ltd. reported Thursday a 28.7% increase in net profit for the three months ended September 30 as improved sales and cost-cutting bolstered margins.

  • NAB Hastens Exit From Overseas Markets

    MELBOURNE, Australia—National Australia Bank Ltd.’s new boss is hastening the lender’s retreat from faraway markets in a bid to shore up its profitability, making plain an intention to exit the U.K.

  • Spanish Economy Advances

    MADRID—Spain’s economy grew an estimated 0.5% in the third quarter and consumer prices fell slightly less than in recent months in October, as the recovery of the eurozone’s fourth-largest economy continued.

  • Asian Shares Mixed, Shanghai Hits 20-Month High

    Shanghai shares closed at their highest in almost 20 months Thursday, although performance in the rest of region was lackluster with the U.S. Federal Reserveon track to end its monthly bond-buying program.

  • Hyundai Heavy Posts Worst Quarterly Loss On Record

    SEOUL—South Korea’s Hyundai Heavy Industries Co. posted its worst quarterly loss to date, hurt by massive provisions against delayed projects and a stronger local currency amid a slowdown in the global shipbuilding industry.

  • Sabadell’s Third-Quarter Profit Soars

    MADRID—Banco de Sabadell SA said Thursday that third-quarter net profit rose 56% from a year earlier, even as the bank set aside more provisions to cover soured loans.

  • GE Weighs Stake Sale of Korea Finance Joint Ventures

    General Electric Co. is in early-stage talks to sell its stakes likely worth more than $1 billion in its South Korean auto-financing and credit-card businesses, according to people familiar with the situation, in the conglomerate’s latest ...

  • South Korea Economy Weighed by Slowing Exports to China

    South Korea’s economy failed to pick up in September as expected, deepening concerns over the recent poor performance of the country’s exports to China.

  • Linde Issues Profit Warning

    FRANKFURT—Industrial-gases group Linde AG issued a profit warning Thursday saying it would miss key targets this year because of impairments and adverse currency effects.

  • Abertis to Spin Off Telecommunications Unit

    MADRID—Spanish company Abertis Infraestructuras SA said Thursday it plans to spin off and list its telecommunications unit next year, as part of a plan to return more cash to shareholders.

  • Coca-Cola to Buy 29.4% of Coca-Cola Amatil’s Indonesian Business

    ...

  • AMP Buys Stake in China Life Pension

    MELBOURNE, Australia — AMP Ltd. said it was buying almost 20% of China Life Pension Co. in a deal that would make the Australian wealth manager the first foreign company to acquire a stake in a Chinese pension firm.

  • Myanmar Property Has Room to Rise, Says Pun

    Real estate in Yangon, where office rental prices are already the highest in Southeast Asia, will become even more expensive regardless of political movements in the country, says Myanmar businessman Serge Pun.

  • Austria’s Erste Bank Posts Loss

    VIENNA—Erste Group BankAG Austria’s largest lender by total assets said Thursday that it swung to a third-quarter net loss after increasing risk provisions and on write-downs at its Hungarian and Romanian businesses.

  • All Blacks ‘Freak’ Will Play the U.S.

    One of the poster-boys of New Zealand rugby returns to the All Blacks fold with a starting place in the team that will play the U.S. at Soldier Field in Chicago on Saturday.

  • What’s News: World-Wide

    NATO said Russian military aircraft conducted aerial maneuvers around Europe at a scale seldom seen since the end of the Cold War.EU sanctions on Russia will have only a modest impact on Europe’s economy but will hit Russia harder, a study ...

  • What’s News: Business & Finance

    The Fed said it would end its bond-buying program, citing improvement in the labor market and strength in the broader U.S. economy.U.S. stocks and bonds eased as investors weighed the Fed’s latest policy statement. The Dow fell 31.44 to ...

  • Wardrobe Advice for Mature Men: High-Top Designer Sneakers Put a Natty Spin on Basics

    Q:It seems like every middle-aged guy has caught on to wearing a leather jacket, so when I wear mine, I just look like everybody else. I’m in dark jeans and sweaters most of the time, sometimes with a sport coat. What else should I add to ...

  • What’s News—

    Business & FinanceSanofi dismissed CEO Christopher Viehbacher because of his uncommunicative management style, Chairman Serge Weinberg said.

  • What’s News—

    Business & FinanceNintendo said a weak yen and robust sales of popular game titles boosted profit and put it on track for an earnings turnaround this year—a scenario many industry-watchers said is too optimistic.

  • What’s News—

    Business & FinanceSanofi dismissed CEO Christopher Viehbacher because of his uncommunicative management style, Chairman Serge Weinberg said.

  • What’s News—

    Business & FinanceNintendo said a weak yen and robust sales of popular game titles boosted profit and put it on track for an earnings turnaround this year—a scenario many industry-watchers said is too optimistic.

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