News Archive for May 4, 2015

  • Macau’s Gambling Revenue Continues to Tumble


  • Survey Monkey CEO David Goldberg, Husband of Facebook’s Sheryl Sandberg, Dies

    David Goldberg, the chief executive of online-questionnaire provider SurveyMonkey and husband of Facebook Inc. Chief Operating Officer Sheryl Sandberg, died suddenly Friday night. He was 47 years old.

  • Isolated Nepal Villagers Wait and Worry After Quake

    GORKHA, Nepal—On a mountain ridge just outside town recently, Rajmaya Kandel climbed a tree with her husband to gather berries to eat.“All the houses are collapsed, what else can we do?" said Ms. Kandel, 40 years old, from near the top of ...

  • Nepal’s Elite Gurkha Fighters Struggle to Save Homeland

    BARPAK, Nepal—When the earthquake that ravaged Nepal hit this mountain village, Dhaniram Ghale lost his home and dozens of his neighbors, who were crushed to death.

  • Jim Beam’s New Owner Mixes Global Cocktail

    A temporary bar popped up in Tokyo's Roppongi entertainment district last summer. Stacked on a long counter were 700 bottles of Jim Beam bourbon.

  • Exchange-Traded Funds

    Shopping for an exchange-traded fund has at least one key thing in common with shopping for a car: Before you buy, you should look under the hood.

  • Warriors Star Stephen Curry to Be Named NBA MVP

    OAKLAND, Calif.—Some called him too small. Others too fragile.Stephen Curry has another label now: NBA MVP.The Golden State point guard has won the league's most coveted individual award, a person familiar with the decision said.

  • Yankees Complete Sweep of Sox

    BOSTON—The surging Yankees arrived in the home of their chief rival Friday afternoon clinging tenuously to first place. They left as the clock struck midnight Sunday with the division lead firmly in their grasp after they swept the Red Sox ...

  • Immigrants to U.S. From China Top Those From Mexico

    SAN DIEGO—Move over, Mexico. When it comes to sending immigrants to the U.S., China and India have taken the lead.China was the country of origin for 147,000 recent U.S. immigrants in 2013, while Mexico sent just 125,000, according to a ...

  • Two Gunmen Killed Outside Muhammad Cartoon Contest in Texas

    GARLAND, Texas—Two men were killed Sunday in a Dallas suburb after they opened fire outside a building where an exhibit that featured cartoon drawings of Islam's Prophet Muhammad was being held, city officials said.

  • Dean Foods Bets on One National Milk Brand

    Dean Foods Co., the largest U.S. milk processor by sales, has 31 brands of white milk around the country. Starting this month, it will sell just one.

  • Male Investors vs. Female Investors

    When it comes to investing, men sometimes have their ways of doing things, and women have different ways.And each could learn from the other.

  • Generic Vicodin Was a Top Medicare Drug in 2013, Data Shows

    Generic Vicodin's ranking as the drug most widely prescribed to Medicare beneficiaries in 2013 illustrates how comfortable doctors have become reaching for this powerful painkiller for primary care, despite its potential for abuse.

  • Mistakes in Russia, Brazil Show How Inflation Can Arise

    Years of economic delusion have placed Brazil and Russia on track for a reckoning with a familiar old foe: inflation.In 2001, both countries were named along with India and China as part of the “BRICs," an emerging axis of new economic ...

  • Fund Fiend

    What if the markets held a horse race and nobody came?After running neck and neck over the past several years, U.S. growth-company stock funds have surged ahead of U.S. value-stock funds.

  • U.S. Emergency-Room Visits Keep Climbing

    Emergency-room visits continued to climb in the second year of the Affordable Care Act, contradicting the law's supporters who had predicted a decline in traffic as more people gained access to doctors and other health-care providers.

  • IMF to Brighten View of China’s Yuan

    The International Monetary Fund is close to declaring China's yuan fairly valued for the first time in more than a decade, a milestone in the country's efforts to open its economy that would blunt U.S. criticism of Beijing's currency ...

  • How to Jump Into the Foreign Rally

    Following a six-year bull market in U.S. stocks, the new investment mantra is invest in Europe.But deciding to invest in Europe is the easy part. Financial advisers say it is also important to know how to invest in the region (with ...

  • Spotlight: International-Bond ETFs

    The strong dollar and bond buying by central banks overseas are driving yields on non-U.S. developed-market debt to historic lows, making the case for a globally diversified fixed-income portfolio difficult.

  • Spotlight: MarketTrack Portfolios

    Like the blend of peanut butter and chocolate, Charles Schwab Investment Management is hoping the unusual marriage of “smart beta" and traditional market-capitalization-weighted index funds results in a more satisfying experience.

  • News Challenge

    How old is the typical fund investor? When was his or her first fund bought, on average?This month, we ask questions about mutual-fund investors' demographics, taken from the just-released 2015 Investment Company Fact Book. The book, based ...

  • How to Plan Finances When Spouse Freelances

    In relationships, financial opposites often attract. Witness the saver married to the spender, the fiscal conservative with the day-trading risk-taker.

  • Study Casts Doubt on Multiasset Funds

    Everybody knows that over time, most active fund managers fail to beat the returns of the broader stock market. Well, when it comes to multiasset mutual funds—which attempt to zoom in and out of asset classes with deft timing—managers' ...

  • Mixing It Up

    Dividend increases might be under pressure in industries such as energy these days, but that hasn't stopped financial adviser Sue Stevens of Deerfield, Ill., from boosting her clients' bets on dividend-focused funds.

  • Q&A

    Men and women have different experiences when it comes to Wall Street careers. And those differences fascinate Lily Fang.Dr. Fang, an associate professor of finance on the Singapore campus of the business school Insead, has spent the past ...

  • Want to Bring Out the Gambler in a Man

    Real men don't buy index funds?A study with implications for financial-product advertising suggests men are more inclined to take financial risks after seeing images of men whom they consider to be more virile-looking than themselves. The ...

  • Saving for College

    Readers have no shortage of questions about how to save and pay for college. Each month we answer some of the most common and interesting questions.

  • Bridge Scandal Could Challenge Chris Christie

    When Bridget Anne Kelly mounted a step stool on Friday to tell reporters that her former colleagues in New Jersey Gov. Chris Christie's office knew about the 2013 lane closures at the George Washington Bridge, she saddled the governor with ...


    The standard advice to have at least a small portion of your portfolio in international-stock mutual funds is bearing fruit so far this year.

  • Man Charged in Shooting of Police Officer

    A repeat felon accused of shooting at two undercover police officers Saturday was arraigned Sunday and formally charged with two counts of first-degree attempted murder on a police officer.

  • How to Be an Activist Investor

    You, too, can be an activist investor.Just ask hedge-fund manager Eric Jackson, who started a crusade for change at Yahoo Inc. more than seven years ago armed with only a blog post and YouTube.

  • ETFs Make Foreign Small-Caps Easier to Buy

    Are smaller overseas stocks a place to venture?Small-capitalization stocks, especially those abroad, have been tough nuts to crack for most individual investors, mainly because of the sheer numbers of such issues and the fact that few ...

  • China Factory Gauge Shows Weakness in April

    BEIJING—China's manufacturing sector in April turned in its weakest performance in a year, according to a private gauge of the country's factory activity, suggesting that Beijing may need to speed up its efforts to boost the economy.

  • The Buckeye Brings the Big Play

    For the 2014 Jets, the end zone often seemed like an exotic land that few players dared to visit. Perhaps that's why they drafted speedy wide receiver Devin Smith, who treated the end zone like it was his dormitory at Ohio State.

  • Jason Zweig

    Have index funds, the autopilot portfolios that dispense with stock-picking entirely, made fund managers obsolete?That question was the subject of a debate that I watched in New York last month between two respected investing experts: John ...

  • In Translation: Underweight, Overweight

    When you hear market strategists use the words “underweight" and “overweight," what exactly do they mean?Those terms tell you how a portfolio manager is investing compared with a benchmark, says Bob Stammers, director of investor education ...

  • Three New GOP Candidates To Enter 2016 Race


  • For the Mets, the Hits Just Keep on Never Coming

    The Mets can pitch about as well as any team in baseball. Nearly a month into the season, that much seems clear.As for everything else, well… let's just call it a work in progress.

  • China Shares Drift Lower

    China shares drifted lower Monday after a reading of the country's manufacturing activity slowed more sharply than initially expected, a further sign the economy is flagging.

  • Alex Ovechkin Cannot Be Stopped—Only Slowed

    The crowd at Madison Square Garden howled with delight Saturday afternoon when Rangers defenseman Marc Staal ended a Washington Capitals threat by dropping forward Alex Ovechkin to the ice in the second period with one well-timed thrust of ...

  • Corrections & Amplifications

    The first sale that New York wine distributor Welkin Vines made was to Union Square Cafe. The Uncorking the City wine column in Greater New York on Friday incorrectly said the first sale was made to Union Square Wines & Spirits.

  • Instagram’s Role in Commercial Real Estate

    Instagram, which has become the preferred social-media tool for many New York residential real-estate brokers, is beginning to show up more in the commercial real-estate brokerage business as well.

  • What’s the Deal

    Forever 21 Will Return to Downtown BrooklynForever 21 Inc. is returning to downtown Brooklyn, taking a spot on Fulton Street.The low-priced fashion retailer signed a lease to take 40,000 square feet at 490 Fulton St., according to ...

  • Fosun to Buy Insurer Ironshore for $1.84 Billion

    BEIJING—An arm of Fosun Group will spend at least $1.84 billion to acquire the 80% of U.S. insurer Ironshore Inc. it doesn't already own, as the Chinese conglomerate furthers a bet on the global insurance industry.

  • ‘Fun Home’ Sales Surge After 12 Tony Nominations

    Tony nominations kicked box-office sales into overdrive last week when the musical “Fun Home" at Circle in the Square broke the record for single-day ticket sales for a musical in that theater.

  • Celebrating a Season of Sun and Song

    It doesn't sound like a controversial topic, but when I asked people for their favorite season at dinner the other night I got all kinds of answers. And there were only six of us.

  • New York’s Da Silvano Restaurant Celebrates 40 Years

    When a restaurant lasts a year in this city, that can be a cause for celebration. If it lasts four decades? Well bring out the crudité, the risotto balls and the wheels of Parmesan cheese.

  • New Job Program for New York City’s Youth

    The Mayor's Fund to Advance New York City on Monday plans to introduce an initiative to connect 100,000 young New Yorkers with internships, mentorships and summer jobs by 2020, marking the organization's first major policy effort since ...

  • Greater New York Watch

    Police, Neighbor Rescue Woman in House FireA 66-year-old Centereach woman trapped in a house fire was rescued by two police officers and a neighbor who climbed to her rescue.

  • What’s News—

    Business & Finance***Nearly five years after the flash crash rocked financial markets, people who have studied it warn that some form of repeat event can't be ruled out, saying regulators still have trouble supervising high-frequency ...

  • Memories of Flash Crash Weigh on Markets and Regulators

    Nearly five years after the “flash crash" rocked financial markets, people who have studied it warn that some form of repeat event can't be ruled out.

  • Staten Island Race Features Star Power Versus Grit

    As former New York City Mayor Rudolph Giuliani walked down a Staten Island street last week with Staten Island District Attorney Daniel Donovan, drivers honked their horns in approval and a woman leaned out her window as she drove by.

  • New York Senate in Flux as Charges Loom


  • An Artist Who Prefers Empty Spaces

    COLOGNE, Germany—One frigid winter night in 1979, German photographer Candida Höfer presented her breakout solo show in the West German city of Düsseldorf, projecting slides onto a gallery wall of Turkish immigrants smoking on sidewalks and ...

  • Warren Buffett Gets Heat Over 3G Ties

    Warren Buffett has frequently touted Berkshire Hathaway Inc.'s partnership with private-equity firm 3G Capital. At Berkshire's annual meeting Saturday, he was forced to defend it.

  • MoneyBeat: Deal Breakups on Rise

    $141 billionThe value of announced U.S. acquisitions withdrawn this year, the highest on record, according to Dealogic.Buyers are striking deals for U.S. companies at the highest level in eight years, but they are also backing out at a ...

  • Quakes Hit California, but No Damage or Injuries Reported

    SAN FRANCISCO—Two separate quakes at or near magnitude 4.0 hit Northern and Southern California on Sunday, with no immediate reports of damage or injuries.

  • What’s News—

    Business & Finance***Australia toughened penalties on foreign investors who purchase homes illegally, saying those breaching investment laws will face three-year jail terms and fines of as much as $500,400.

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