News Archive for September 22, 2014

  • U.K. Labour Leader Marks Out His Campaign

    MANCHESTER, England—Ed Miliband, the leader of the U.K.'s main opposition Labour Party and Prime Minister David Cameron's chief opponent in May's general elections, will try to woo voters on Tuesday with a two-term, 10-year plan he says ...

  • Hong Kong Tops List of Donors to U.S. Schools

    HONG KONG—Two billionaire brothers' pledges this month of a combined $370 million are just the latest example of Hong Kong's wealthy lining the coffers of U.S. universities.

  • U.S., Arab Allies Launch Strikes Against Militant Targets In Syria

    WASHINGTON—The U.S. and several Middle Eastern allies struck Islamic State militants in Syria, the Pentagon said Monday night, expanding a campaign against the group to the 3 1/2-year-old Syrian civil war and making good on a pledge to ...

  • HAP Investments Gives Locals a Say in New Project's Design

    Neighbors along a block of century-old buildings on Pleasant Avenue in East Harlem weren't pleased when a developer broke ground in April on a narrow concrete-and-glass building with eye-popping bright pink and turquoise balconies.

  • Greater New York Watch

    Commissioner: Schools Need Enough LibrariansThe New York City Department of Education must stop violating rules on the minimum number of librarians required at city high schools, state education Commissioner John B. King Jr. has decided.

  • U.S. Watch: News Digest

    Home Sales Falter as Investors Pull BackU.S. home sales slumped in August as investors continued to pull away, raising doubts about the market's underlying strength.

  • Venezuela Seeks to Quell Fears of Disease Outbreak

    MARACAY, Venezuela—A string of deaths in a hospital here has sparked fears of a potent, mosquito-borne disease and led authorities to seek a doctor's arrest for allegedly sowing panic, leaving residents wondering how to explain their ...

  • Kurds, Islamic State Fight for Control of Syrian City

    SURUC, Turkey—Thousands more Syrian refugees poured into this Turkish border town, many arriving on foot and sheltering in gas stations, schools and mosques to escape the latest advance by extremist group Islamic State.

  • ECB's Draghi Keeps Door Open to Quantitative Easing

    FRANKFURT—European Central Bank President Mario Draghi signaled Monday that the central bank may beef up the scale of its asset-purchase program if inflation stays too low, opening the door to more stimulus to protect a fragile eurozone ...

  • German Firms Go on U.S. Buying Spree

    FRANKFURT—German companies are on a buying spree—and the U.S. is their biggest target.On Monday, pharmaceutical firm Merck KGaA said it would buy Sigma- Aldrich Corp., a life-sciences company based in St. Louis, for $17 billion. A few hours ...

  • China Manufacturing Activity Grows Modestly in September

    BEIJING—A closely watched gauge of activity in China's manufacturing sector rose modestly in September following a notable slowdown in August, which may ease some concerns over the Chinese economy.

  • New York City Council to Raise Housing Fines for Landlords

    A bill that would double the fine for landlords found guilty of harassing tenants and create a public list of offenders is expected to pass the City Council on Tuesday, representing a loud statement in lawmakers' campaign against bad ...

  • Discord in Europe Jeopardizes Trade Deal With Canada

    BRUSSELS—Discord within Europe is threatening the prospects of a long-delayed trade deal with Canada, as fears mount in some European capitals about the accord's impact on a much bigger deal being negotiated with the U.S.

  • Wesleyan: Fraternities Must Go Coed

    A Connecticut college on Monday said that residential fraternities will become coeducational over the next three years or be thrown off campus.

  • Divisions Re-Emerge in Kenya a Year After Mall Attack

    When Somali militants attacked a Kenyan mall one year ago, the blood of the 67 slain people bound together a diverse and divided nation.In a four-day gun-and-grenade rampage at the Westgate shopping center that began Sept. 21, 2013, ...

  • Asian Shares Lower Ahead of China Data

    Stocks in Asia were fell early Tuesday, as investors throughout the region were cautious ahead of Chinese manufacturing data later in the day.

  • How Startups View Alibaba as an Active Investor

    Alibaba Group Holdings Ltd. is more than an enormous e-commerce conglomerate that just held history's biggest IPO. It's also an increasingly active investor in startups with the ability to influence its portfolio companies' business models ...

  • Woman Hit by Cyclist in Central Park Dies

    A 58-year-old woman who was struck by a bicyclist while walking in Central Park last week died Sunday night as a result of severe head injuries, the New York Police Department said Monday.

  • Alibaba Deal Pummels Yahoo Stock

    Dan Niles bought Yahoo Inc. shares in July. He dumped them last week having made a 17% profit.Mr. Niles, a founding partner at AlphaOne Capital Partners near San Francisco, isn't the only one selling. Yahoo shares have plunged 8.2% in the ...

  • Tesco's Rebate Accounting Is in Focus

    Tesco PLC's latest profit warning throws a spotlight on a corner of accounting that usually doesn't get much attention—until there is a problem. In this case, the issue is how and when to recognize "commercial income" and "accrual of ...

  • U.K.'s Cameron Seeks to Get Party Behind Promises Made to Scotland

    LONDON—British Prime Minister David Cameron, eager to quell discontent among fellow Conservatives ahead of elections next year, sought to fend off criticism from within his party over a pledge to give Scotland greater powers.

  • Obama Administration Issues New Rules to Combat Tax Inversions

    The Treasury Department tightened tax rules Monday to deter U.S. companies from moving their legal headquarters to lower-tax countries, part of a White House effort to slow a wave of so-called corporate inversions that effectively reduce ...

  • Chevron Corp. Says Considering Sale of Refinery in Hawaii

    Chevron Corp. is considering the sale of its refinery in Hawaii and has hired an investment bank to look for buyers, the company confirmed late Monday.

  • Australia to Strengthen Antiterror Laws After Islamic State Scare

    SYDNEY—Australia outlined a raft of laws aimed at preventing homegrown terrorist attacks, days after intelligence services warned of a heightened security risk from local supporters of Middle East militants.

  • Giants Move a Step Closer to the West Coast

    EAST RUTHERFORD, N.J.—It finally worked. After two fruitless regular-season losses, the Giants showed on Sunday that they are able to grasp the West Coast offense implemented by first-year offensive coordinator Ben McAdoo.

  • Bakeries With a Twist on the Rise in the City

    At the Prohibition Bakery on Manhattan's Lower East Side, patrons can expect to see all the hallmarks of a neighborhood pastry purveyor: shelves piled high with sugar and flour, dueling electric mixers and a countertop display of ...

  • BlackBerry's Makeover Is Taking Shape

    BlackBerry Ltd. Chief Executive John Chen last month made a surprising promise: in an internal memo, he told employees that years of layoffs and shrinking had come to an end, and that the company would be scouting for acquisitions.

  • Will You Be My Therapist

    People write me from time to time to ask, "How do I find a good therapist?"I went to Prudence Gourguechon, a Chicago psychiatrist and psychoanalyst and past-president of the American Psychoanalytic Association, to find out what people ...

  • More Americans Support Mixing Religion and Politics

    The Rev. Sam Rodriguez's sermon about David and Goliath on Sunday included a modern-day connection: "I talked about how we're confronting giants we've never confronted before, not only in the Middle East, but in America, where there is a ...

  • How DuPont Got Into the Hospitality Business

    Should the U.S.'s oldest chemical company be in the hospitality business?Among the criticisms of DuPont Co. last week in a letter calling for its breakup, activist investor Trian Fund Management LP spotlighted a little-known corner of the ...

  • Bidders Emerge for United Biscuits

    LONDON—U.S. cereal maker Kellogg Co., Canadian pension fund Ontario Teachers' Pension Plan and Turkish biscuit company Ulker Biskuvi Sanayi AS are among bidders offering about £2 billion ($3.27 billion) for British snack and cookie maker ...

  • Round and Round They Go

    If you've been feeling electricity in the air lately, it's not just because fall is finally here, or the climate change march, or even all the heads of state on their way to and from the U.N.

  • Total Looks to China to Finance Russian Gas Project Amid Sanctions

    Total SA said it was seeking nondollar financing for a gas project in Russia, becoming the second energy company in several days to indicate that Western sanctions on the Kremlin are affecting expansion plans.

  • Indiana Toll Road Operator Files for Bankruptcy

    The debt-stricken operator of the Indiana Toll Road filed for bankruptcy protection Sunday with a plan to restructure some $6 billion in debt, the latest example of a private investment in public infrastructure that failed to meet ...

  • Small-Cap Stocks Soar in Asian Developing Markets

    The riskiest stocks in the riskiest markets are among the biggest winners in Asia this year, despite worries about the impact of rising U.S. interest rates on developing countries.

  • Gait Analysis: The Serious Runner's Salvation

    People who lace up their running shoes and pound the pavement have a roughly 50% chance of sustaining an injury that interrupts their training. Among marathon runners, studies have placed the injury incidence rate significantly higher, in ...

  • N.Y. Yankees: Chris Young Learns to Be One of the Guys

    When Derek Jeter, Ichiro Suzuki and Carlos Beltran ventured to the batting cages for their daily pregame work in early September, the new guy, outfielder Chris Young, always made sure to be nearby. He didn't say anything. He just watched ...

  • Facebook Extends Reach With New Advertising Platform

    Facebook Inc. next week will unveil a new advertising platform designed to improve how marketers target and measure the advertisements they buy across the Web, according to people familiar with the company's plans.

  • MTA Capital Plan Calls for New Stops in Bronx and Penn Station

    The Metropolitan Transportation Authority wants to add four Metro-North Railroad stations in the Bronx and extend the commuter line into Penn Station—even though it doesn't know how it will pay for $15.2 billion of $32 billion worth of ...

  • Detroit Residents: Restore Our Water

    DETROIT—In this bedeviled city struggling to convince residents to pay their bills, a slash of blue spray paint on front lawns serves as a kind of scarlet letter of debt.

  • NBA Is Likely to Re-examine Domestic Violence Policy

    NBA commissioner Adam Silver said Monday that the NFL's high-profile domestic-violence incidents would likely prompt him to re-examine the basketball league's policy regarding such cases.

  • Weekend iPhone Sales Exceed 10 Million

    Apple Inc. said it sold more than 10 million of its latest iPhones in its first weekend of availability amid significant supply shortages and demand for scalped iPhones in Asia.

  • BlackBerry CEO: New Smartphone Will Cost $599

    SINGAPORE—BlackBerry Ltd. plans to sell its new square-screen smartphone at a lower price than rival products, as the company attempts to regain some of the ground it has lost in the global market.

  • Source: Mets to Bring Back Terry Collins and Sandy Alderson

    The Mets intend to pick up general manager Sandy Alderson's option for next season and "are working toward adding years in an extension," according to multiple people familiar with the matter. The deal will likely keep Alderson in his post ...

  • Getting Into Bed With Strangers, Plus Sting on Broadway

    'The Last Ship'Neil Simon Theatre250 W. 52nd St., (877) 250-2929thelastship.comPreviews begin Sept. 29Sting's musical set in an English seafaring town is one of the most eagerly anticipated offerings on Broadway this fall. The book, written ...

  • NFL Picks Female Executive as Marketing Chief

    The National Football League picked a female advertising executive as its new chief marketing officer as the league confronts a mounting backlash from sponsors and the public over its handling of domestic- and child-abuse scandals involving ...

  • U.S. Stocks Weighed Down by China

    The Dow industrials snapped a five-day winning streak, as uncertainty about China's economic growth injected a note of caution into global financial markets.

  • Experimental Ebola Drug Gets Nod From FDA

    The U.S. Food and Drug Administration has authorized Tekmira Pharmaceuticals Corp. to provide an experimental drug to people with confirmed or suspected Ebola virus infections, the Canadian company said Monday.

  • Indiana Gov. Mike Pence Draws GOP Presidential Attention

    With Washington's reputation lurking in used-car-salesmen territory, there will be a wide lane in the 2016 presidential campaign for governors with records built outside the national capital.

  • Protesters: Opera Is 'Anti-Semitic'

    More than a thousand people protested in front of the Metropolitan Opera on opening night Monday, demanding the company cancel a planned production critics have called anti-Semitic.

  • Deutsche Bank Fires Sydney Currency Trader for Allegedly Hiding Losses

    Deutsche Bank AG fired a currency trader at its Sydney office in August after the German lender uncovered that he allegedly hid losses.The bank suspended the FX trader, Andy Donaldson, and dismissed him "after checks uncovered ...

  • Leonard Cohen's 'Bad Habit'

    Leonard Cohen returns on Tuesday with his 13th studio album, "Popular Problems," a nine-song collection that finds the singer-songwriter in vintage form.

  • Hospitals Cut Costs by Getting Doctors to Stick to Guidelines

    A hospital group in Delaware was concerned it was spending too much on cardiac monitoring for patients outside of intensive care who didn't need it. So it changed its computer system to encourage doctors to follow American Heart Association ...

  • Corrections & Amplifications

    Siemens AG has agreed to buy Dresser-Rand Group Inc. for $6.4 billion, or $7.6 billion including debt. In some editions Monday, a Marketplace headline about the deal incorrectly valued the transaction at $6 billion.

  • Germany's Merck Buys New Tools to Aid Performance

    Merck KGaA needs some therapy. And here it comes, in the shape of a €13.1 billion ($16.8 billion) deal to buy Sigma-Aldrich , the U.S. maker of life-sciences tools and chemicals.

  • Accused White House Fence Jumper Had Earlier Arrest Record

    WASHINGTON—The Army veteran accused of clambering over a White House fence and breaching the executive mansion served two rough tours in Iraq and returned home with symptoms of severe mental illness, according to family and friends.

  • German Firms Go on U.S. Buying Spree

    German companies are boosting their acquisitions in the U.S. Brokers working at the stock exchange in Frankfurt. (AFP/Getty Images)

  • Aussie Falls to Seven-Month Low vs. U.S. Dollar

    The Australian dollar slumped to a seven-month low against the U.S. dollar Monday on concerns that a slowdown in China's economy would push commodity prices lower and weigh on Australia's growth prospects.

  • Overheard: Wall Street Sees Profit in 'Flood'

    "Stop Capitalism. End the Climate Crisis."There's an irony in the official slogan of Flood Wall Street, the demonstration that brought protesters to Manhattan's Financial District Monday. Apparently unbeknown to them, the putative ...

  • China Finance Minister: Government to Keep Policy Steady

    BEIJING—China Finance Minister Lou Jiwei said the government won't change its economic policies drastically because of weakness in one economic indicator, in the latest official remarks that could damp hopes for an aggressive easing of ...

  • Russian Lender VTB Warns of Hit From Ukraine Crisis

    MOSCOW—Russian state-controlled lender VTB Group could report a $1.4 billion loss for 2014 because of the crisis in Ukraine, the bank's chief executive said Monday.

  • Grady Hendrix's Catalog of Nightmares

    Wandering through the living-room displays at the IKEA, the writer Grady Hendrix drew a comparison between the maze-like layout of big-box stores and the sinister corridors of the Overlook Hotel in Stanley Kubrick's movie "The Shining."

  • Pentagon's Weapons Push Faces Skeptics

    The Pentagon is proposing significant changes to how it develops and buys new weapons, but some in the industry say the biggest hurdle to success could lie in the agency's own staff.

  • SEC Finds Deficiencies at Hedge Funds

    PHILADELPHIA—Recent examinations of hedge funds have uncovered a range of problems, a top Securities and Exchange Commission official said, including firms boosting their performance, and the fees they collect, by changing the way they ...

  • Arab Bank Found Liable for Providing Assistance to Hamas

    NEW YORK—Arab Bank PLC, the largest financial institution in Jordan, was found liable for providing assistance to Hamas in the first U.S. jury verdict against a bank in a civil terrorism-finance case.

  • Treasury to Sell Debt

    The Treasury will sell $40 billion in four-week bills Tuesday. The bills will mature Oct. 23. Cusip number is 912796EA3. Noncompetitive tenders, available in minimum $100 denominations, must be received by 11 a.m. EDT Tuesday and ...

  • Line Decides Against IPO This Year

    TOKYO—Line Corp., the Japanese operator of a popular smartphone messaging application, said it won't go ahead with an initial public offering in Japan or overseas this year.

  • New Level of Smartphone Encryption Alarms Law Enforcement

    Moves by Apple Inc. and Google Inc. to put some smartphone data out of the reach of police and the courts are raising alarms inside U.S. law-enforcement agencies, current and former officials say.

  • Allergan Rejected Offer From Actavis

    Pharmaceutical company Actavis PLC recently made a bid for Allergan Inc., but the Botox maker rejected the proposal and is closing in on its own takeover, said people familiar with the matter.

  • Minority Borrowers Feel Mortgage Pinch

    As the housing recovery continues in fits and starts, black and Hispanic borrowers are receiving a smaller share of mortgage loans, according to Federal Reserve data.

  • U.S. Home Sales Falter as Investors Pull Back

    U.S. home sales slumped in August as investors continued to pull away, raising doubts about the market's underlying strength.Sales of previously owned homes fell 1.8% from July to an annual rate of 5.05 million, the National Association of ...

  • U.S., German and U.K. Bonds Strengthen on China Concerns

    Investors scooped up ultrasafe government bonds in the U.S., Germany and the U.K. Monday as concerns about China's economy sparked selling in riskier assets.

  • Heard on the Pitch: Qatar Skepticism Returns, But No Firm Answers Yet

    Speculating over the status of the controversial 2022 World Cup has become a favorite pastime for anyone connected to soccer. So when an official from FIFA, the sport's world governing body, proffers an opinion, it immediately ripples out.

  • Overheard: ING Is Back Among Banks

    It never pays to get mixed up with the wrong crowd. ING is getting back where it belongs—among Europe's banks rather than its insurers.The Dutch financial group gave up its last insurance operations in the summer with the listing of NN ...

  • The Move-to-Ireland Tax Reform

    The Organization for Economic Cooperation and Development last week released its latest proposals to combat "base erosion and profit shifting," or the monster known as BEPS. The OECD and its masters at the G-20 are alarmed that large ...

  • People's Climate Demarche

    Tens of thousands of environmental protestors paraded through New York City on Sunday, in a "people's climate march" designed to lobby world leaders arriving for the latest United Nations climate summit. The march did succeed in messing up ...

  • U.S. Steel's Mario Longhi Takes on a Heavy Load

    PITTSBURGH—When Mario Longhi took the reins of U.S. Steel Corp. a year ago, the company was, in his words, on "a road to destruction."Bloated costs, expensive projects, fat compensation packages and generous labor pacts had pushed the ...

  • Far From Linear

    A tidal surge pounds through an opening in a coastal rock formation, and then empties out. One can feel the Pacific Ocean's force near Big Sur, Calif., where saxophonist Charles Lloyd spent a long period of retreat from the mid-1970s to the ...

  • Obama Resists Linkage of Mideast Goals

    NEW YORK—The Obama administration's primary objectives in the Middle East—containing the Islamic State militant group and countering Iran's nuclear program—are coming into conflict with each other, U.S., European and Arab officials say.

  • The White House Goes on Intruder Alert

    Agents stood watch outside the White House following an intrusion Friday by an ex-soldier, said to have had a machete in his car, whom friends described as paranoid after his return from Iraq.

  • The Facts of Oklahoma City

    Oklahoma CityEver since Sept. 11, 2001, New York's World Trade Center has been ground zero for terror-attack remembrances in the U.S. (with the Pentagon and Shanksville, Pa., a distant second and third). That's understandable. But one of ...

  • 3 Missing Afghan Soldiers Found at Canadian Border

    Three soldiers from Afghanistan who were in Massachusetts for a training exercise when they went missing over the weekend turned up Monday at a Niagara Falls border crossing, Massachusetts state police said.

  • FTC Considers Challenge to Food Merger

    The Federal Trade Commission is considering a possible antitrust lawsuit to block the planned merger of Sysco Corp. and US Foods Inc., concerned that combining the nation's two biggest food suppliers to restaurants, schools and other ...

  • Heirs of Indonesian Politician Adam Malik Seek Funds From UBS

    ZURICH—Indonesian political icon Adam Malik died 30 years ago, but a lawsuit filed this month alleges his millions were purloined by UBS AG.

  • Bed Bath & Beyond Looks Sleepy

    Stuffing money into a mattress hardly qualifies as an investment strategy. But it has recently trumped buying Bed Bath & Beyond Inc. shares.

  • Alaska TV Reporter Quits on Air to Promote Marijuana

    The debate over Alaska's coming vote legalizing recreational pot use took a surprise twist when a TV reporter said on air that she owns a medical-marijuana business and was quitting her job to support the effort.

  • Stream of Lehman-Claim Payouts Is Drying Up

    The smooth ride for hedge funds holding certain claims tied to Lehman Brothers Holding Inc. hit a speed bump last month.A court ruling in the case hurt a swath of managers, including some of the biggest firms in the industry, that have in ...

  • SEC to Pay $30 Million Whistleblower Award, Its Largest Yet

    Blowing the whistle is increasingly worth big bucks.The Securities and Exchange Commission said Monday that a foreign tipster will collect a record whistleblower award of more than $30 million, more than twice as much as the highest ...

  • Tesco Investigates Accounting Error

    LONDON—In the latest of a series of setbacks for a once-highflying global retailer, the U.K.'s Tesco PLC has suspended four senior executives and called in outside auditors and legal counsel to investigate a £250 million ($408.8 million) ...

  • Islamic State Ally in Algeria Threatens French Hostage

    PARIS—A group that recently declared allegiance to Islamic State claimed on Monday to have kidnapped a French tourist in Algeria and threatened to kill him unless France pulls out of the U.S.-led military campaign against the militants.

  • Corporate Watch: News Digest

    OSI GROUPFood Supplier to FireOSI Group LLC will cut 340 workers from its Shanghai operations as the U.S. food supplier tries to recover from accusations in China that it provided food past its use-by date to major customers such as ...

  • Missing Qingdao Copper Spawns Web of Lawsuits

    After spurring fears of a global metals selloff, the missing copper at the crux of a Chinese port scandal has instead created a morass of lawsuits.

  • MGM Buys 55% of Mark Burnett Ventures

    Metro-Goldwyn-Mayer Inc. acquired a 55% stake in "Survivor" producer Mark Burnett's various television and film production ventures, folding them into its storied but dormant United Artists banner.

  • Markets Tremble on New China Worries

    Fresh worries about the pace of Chinese growth drove down financial markets from U.S. stocks to cotton and copper prices.Fueling the declines were comments by Chinese Finance Minister Lou Jiwei, who said no change in economic policies was ...

  • The New Population Boom Could Easily Be a Dud

    The steady slowdown in world population growth in recent decades has dimmed interest in what was once called "the population question." But now concern, even alarm, about global population growth may have been reawakened by a widely ...

  • Is It Time to Invest in Bitcoin

    For some investors—those with stomachs for volatility—it may be time for a closer look at cryptocurrencies.By now, most investors have heard of bitcoin, following its phenomenal growth last year. Bitcoin, an electronic currency made by ...

  • Treasury Secretary Says U.S. Must Act Now on Climate Change

    WASHINGTON—U.S. Treasury Secretary Jacob Lew, in a speech on Monday, said the U.S. must act now on climate change to avoid economic hardships that will grow with inaction.

  • Sarkozy Steps Back In

    Look who's returning from Elba. Former French President Nicolas Sarkozy has announced that he will seek the leadership of France's center-right Union for a Popular Movement, presumably as a springboard to a 2017 run for the top job he lost ...

  • Afghan Resolution

    Afghanistan's presidential runoff in June was so messy that no one knows who won, and the bickering in the aftermath threatened a civil war. So the power-sharing deal struck in Kabul Sunday, although it begins life in an ICU, is the best ...

  • German Amazon Workers on Strike

    FRANKFURT—More than 1,000 workers at five Amazon.com Inc. sites in Germany walked off the job Monday, on the first day of a two-day strike over wages, according to estimates by the Verdi labor union and Amazon

  • Caroline Wozniacki: Tennis's Object of Fascination

    New YorkAfter losing to Serena Williams in the U.S. Open final this month, Caroline Wozniacki followed the timeworn ritual of the runner-up. She accepted her trophy, talked to the press, gathered her belongings and zoomed off in a courtesy ...

  • Researchers Shed Light on Asthma's Mysteries

    Researchers are making interesting new discoveries about a particularly confusing type of asthma.Doctors increasingly are recognizing that as many as half of asthma sufferers have a form of the lung disease known as nonallergic asthma. Some ...

  • The Hooters Precedent

    The Hooters restaurant chain isn't the only place you can expect to hear more salty language in the years ahead. The National Labor Relations Board is increasingly siding with employees who insult their employers.

  • RadioShack Supplier Declined to Help Rescue Effort

    RadioShack Corp. has tried—unsuccessfully so far—to convince a major supplier to alter its terms as the struggling electronics retailer works to avoid a bankruptcy filing.

  • The Muni Bond Lobby

    What happens if states and cities with rising pension obligations have trouble finding investors for their bonds? The local politicos needn't worry because Sen. Charles Schumer (D., N.Y.) is leaning on federal regulators to ease their ...

  • EMC Could Deal Investors a Weak Hand

    EMC is well versed in the merger game. But even experienced players can get caught with a bum hand.A big corporate-technology provider struggling with slowing sales growth, EMC has reportedly entertained merger talks with at least two peers ...

  • Banco Santander's Scrip Dividend Diet Is Unhealthy

    Let them eat cake.Spanish banks have been compensating for a lack of capital by feeding investors an unhealthy diet of sweet-tasting scrip dividends.

  • Notable & Quotable: Joseph McNamara

    From a Nov. 29, 2006, Journal op-ed by Joseph D. McNamara, former police chief of Kansas City, Mo., and San Jose, Calif., and frequent contributor to these pages, who died Friday at age 79:

  • UniCredit, Banco Santander Seek Talks to Combine Units

    MILAN—UniCredit SpA's management on Tuesday will seek the approval of the bank's board to enter exclusive talks with Banco Santander SA to combine its asset management unit Pioneer Investments with Santander Asset Management, a person ...

  • With the Kurds Fighting Islamic State in Syria

    Shirik, SyriaIn the shade of pine trees at a hilltop command post deep in this dismembered country's far northeast, Adam Derike, commander of a company of youthful Kurdish guerrillas, will not guess the outcome or even the good sense of ...

  • A Pro-Family, Pro-Growth Tax Reform

    Too many Americans believe the American dream is slipping away for them and their children. They see their cost of living rise while their paychecks remain stagnant. They see an economy that benefits stockbrokers but not stock clerks. They ...

  • Book Review: "Greening Health Care" by Kathy Gerwig

    Hospitals exist to heal patients, but as an industry, health care has taken its toll on the well-being of the planet, consuming vast quantities of energy and water and producing 2.3 million tons of waste annually. By reducing the use of ...

  • How We Should Be Teaching Math

    One of my engineering students recently approached me with a mixture of anger and befuddlement, thrusting toward me a quiz sheet covered with red pen marks: "I just don't see how I could have done so poorly. I understood it when you taught ...

  • Book Review: 'The Betrayers' by David Bezmozgis

    A few months ago, the Canadian novelist David Bezmozgis wrote an essay about Russia's annexation of the Crimean Peninsula. Like most observers, he was distressed by the violence in the region and the prospects of military escalation. Yet he ...

  • Behind the Fed's Dovish Turn on Rates

    The battle at the Federal Open Market Committee is now on. Score the previous meeting in late July for the inflation hawks, but last week's meeting went for the doves, who are more worried about jobs. I haven't discussed the meetings with ...

  • McGraw Hill Financial Selling Construction Data Unit

    Private-equity firm Symphony Technology Group is buying the construction data unit of McGraw Hill Financial Inc. for $320 million in cash, McGraw Hill said on Monday evening.

  • Six Energy Firms to Sign Pact to Cut Methane Emissions

    NEW YORK—Six international energy companies have agreed to work to reduce emissions of methane, a potent greenhouse gas, in partnership with more than a dozen national governments through a new United Nations framework, according to ...

  • Siemens's Dresser Deal Has Shades of Shell

    A foreign behemoth risks getting burned trying to break into the U.S. shale boom.But this isn't an oil major such as Royal Dutch Shell. This is German industrial giant Siemens, buying Dresser-Rand Group for $7.6 billion. Like Shell, though, ...

  • What Obama Knows

    Serious people feel an obligation to listen whenever Barack Obama speaks. They furrow their brow and hold their chin and parse every word. They assume that most everything a president says is significant, which is true. They assume that ...

  • A Less-Invasive Procedure to Treat Fibroids

    The Ache: About 70% to 80% of women develop fibroids, or noncancerous tumors in the uterus, by age 50, according to scientific literature. Often fibroids are harmless, but they can press painfully on other organs, and cause frequent ...

  • Work Continues to Restore Baja California After Hurricane

    MEXICO CITY—In the week since the Baja California peninsula was ravaged by Hurricane Odile, work continues to repair damage, restore services and reactivate the local economy, the government said Monday.

  • Gear to Help Runners Diagnose Form and Gait

    Two new running-related gadgets aim to go beyond counting steps and miles to measure elements of a runner's gait—such as cadence, foot-strike pattern and landing forces. Their inventors hope runners will use the data to spot patterns, ...

  • GM Ignition Switch Death Toll Rises to 21

    The death toll from a defect in older model General Motors Co. small cars increased to 21 on Monday, and could go higher, according to a victims' compensation expert hired by the company.

  • Land of Political Contentment

    Disorder may be spreading around the world, but in one corner there is relative contentment. New Zealand re-elected Prime Minister John Key to a third three-year term on Saturday in record-breaking fashion.

  • Corporate Watch: News Digest

    TotalOil Major Turns to China to Finance Russian ProjectFrench oil major Total S.A. on Monday said it was in talks with Chinese banks to help fund a major natural-gas project in Russia in a move to get around tightening Western sanctions ...

  • Britain's Betrayal of Hong Kong

    A political showdown looms in Hong Kong. Beijing has stripped the city of the high degree of autonomy it promised in a 1984 treaty with the United Kingdom. Local residents are preparing a campaign of civil disobedience in protest. Yet ...

  • GAO: CFPB Should Take Steps to Protect Consumer Data Collected From Banks

    WASHINGTON—The U.S. consumer-finance watchdog should take steps to protect the privacy of the consumer financial data it collects from banks, a report said Monday, taking direct aim at a growing source of tension between Wall Street and its ...

  • Omnicom Chief Financial Officer Steps Down

    Omnicom Group Inc. said Chief Financial Officer Randall Weisenburger stepped down to return to private equity.The advertising company's board appointed Philip Angelastro, senior vice president finance and controller, as his successor as ...

  • Double Whammy

    We must say, we don't envy BuzzFeed's Andrew Kaczynzki. While he certainly fed the buzz with last week's story on Mary Burke, the Democratic candidate for Wisconsin governor, the research has to have been excruciatingly dull.

  • Germany's Merck to Buy Sigma-Aldrich for $17 Billion

    FRANKFURT—German pharmaceutical company Merck KGaA is paying $17 billion to acquire Sigma-Aldrich Corp., a U.S. supplier of laboratory testing materials, as Merck looks to reduce its reliance on finding blockbuster drugs.

  • Afghanistan's President-Elect Ghani Promises to Preserve National Unity

    KABUL—Afghanistan's President-elect Ashraf Ghani on Monday promised to work with his former rival Abdullah Abdullah, pledging to preserve national unity after a three-month dispute over the election's results that threatened to push the ...

  • UBS's $1.41 Billion Bail Upheld in French Tax Case

    PARIS—Swiss banking giant UBS AG must pay a 1.1 billion euro ($1.41 billion) bond, a Paris appeals court said Monday, upholding an earlier decision that is part of a probe into whether the bank helped wealthy French customers evade taxes.

  • AgustaWestland Sues U.S. Government Over Army Helicopter Plan

    A unit of Italy's Finmeccanica SpA has sued the U.S. government to block the Pentagon's proposed award of an $800 million helicopter deal to an arm of Airbus Group NV, alleging that the defense department violated its own rules for opening ...

  • 18

    Months since the Cleveland Cavaliers banned fan James Blair from their arena after he ran onto the court to urge LeBron James to return to the team. The Cavs, who re-signed James this summer, said Monday that they have lifted the ban.

  • Pacifiers May Get in the Way of Parents Bonding With Babies

    Baby pacifiers may get in the way of parents communicating with their infants, according to a study in the current issue of Basic and Applied Social Psychology.

  • Philippine Flooding Exposes Need to Protect Manila

    MANILA—Severe flooding caused by Tropical Storm Fung-Wong Friday has increased pressure on the Philippine government to expedite a $7.9 billion plan to address Manila's chronic vulnerability to yearly monsoon rains.

  • Asian Morning Briefing: U.S. Stocks Weighed Down by China

    MARKETS AT A GLANCE(Data as of approximately 5 p.m. ET)SNAPSHOTConcerns about China's growth weighed on U.S. stocks and caused the Australian dollar to hit a seven-month low against the U.S. dollar. Treasurys benefited from the risk ...

  • Siemens to Buy Dresser-Rand for $6.4 Billion

    German engineering company Siemens AG announced a deal to acquire U.S. oil-equipment maker Dresser-Rand Group Inc. for $6.4 billion.The Houston-based company is fetching $83 a share, in cash. Including debt, the deal value is $7.6 billion.

  • Pakistan Army Chief Names New Head of ISI

    ISLAMABAD—Pakistan army chief Gen. Raheel Sharif strengthened his authority on Monday as he named a new head of the Inter-Services Intelligence agency, a key political and security post, and made a raft of other senior appointments.

  • How to Tame Bad Breath

    Everyone has a case of halitosis now and then. For some people, the condition can be chronic—and antisocial. Matthew Messina, a dentist in Cleveland, Ohio, and a spokesman for the American Dental Association, explains what is really behind ...

  • Judge Holds Off Approving MF Global Payment to Creditors

    NEW YORK—MF Global's creditors, who have waited nearly three years to get paid, will have to wait a little longer after a bankruptcy judge Monday held off approving its bid to repay them $295 million.

  • Compulsive Chronicles

    The writer Siegfried Sassoon was a compulsive diarist. His notebooks, filled with small, rounded handwriting and the occasional drawing or caricature, passed to George, his only child, when Sassoon died in 1967. George lent them to me in ...

  • The Weekend I Quit Watching All Football

    Friday evening I left Journal Sports World Headquarters™ in a melancholy fog. It had been another dreary day of accusation and obfuscation in the NFL. A few blocks up Sixth Avenue, Roger Goodell had delivered a news conference in which he ...

  • Rockefeller Fund Seeks to Shed Fossil-Fuel Investments

    The Rockefellers, whose family fortune sprung from oil, said Monday that their fund is working on a plan to divest itself of fossil-fuel interests.

  • Oakland's World Series Hopes Are Already Lost

    If the Oakland Athletics win one of two American League wild-card berths, they will have backed their way into the postseason, to put it politely. Entering Monday, the A's had won just 19 of 48 games since the start of August, a .396 ...

  • Canadian Pipeline Operator to Buy Western U.S. Natural Gas Pipe for $1.43 Billion

    CALGARY, Alberta—Canadian pipeline operator Veresen Inc. said Monday that it has reached a $1.43 billion agreement with New York-based private equity investor Global Infrastructure Partners for that company's 50% stake in a Western U.S. ...

  • Europe Misses Its Underdog Tag in Ryder Cup

    As the Europeans prepare for their biennial face-off against the Americans this week in golf's Ryder Cup in Scotland, they may just find themselves wishing they weren't quite so good.

  • Adobe Acquires Aviary to Boost Creative Cloud App Development

    Adobe Systems Inc. said it acquired privately held Aviary, a deal that give it a developer of software development kits, or mobile SDKs, used to create mobile apps.

  • Iraqis Displaced by Islamic State Advance Overwhelm a Small Town

    KHANKE, Iraq—This tiny town overlooking the Tigris River has unexpectedly become one of Iraq's fastest growing communities.Over the last six weeks, the size of Khanke has quadrupled as nearly 70,000 Iraqis sought refuge here from Islamic ...

  • Wells Fargo Advisors Settles Burger King Insider Trading Charges With SEC

    Wells Fargo Advisors LLC has agreed to pay a $5 million penalty to settle Securities and Exchange Commission charges that a former broker engaged in insider trading of Burger King Worldwide Inc. stock before the company's 2010 buyout, the ...

  • AT&T-Chernin to Buy Stake in YouTube Video Producer

    A joint venture of AT&T Inc. and media mogul Peter Chernin plans to buy a majority stake in Fullscreen, which produces shows and music distributed via YouTube, as the telecom company deepens its involvement in online video.

  • High-Cost Iron-Ore Producers Face Funding Shortfalls

    LONDON—Spiraling iron-ore prices are causing distress for mining companies that invested in a risky corner of West Africa when Chinese demand for the steelmaking ingredient soared, but which are now facing critical funding shortfalls.

  • White House Security Breach Spurs Review

    WASHINGTON—The Secret Service is reviewing ways to beef up White House security after a U.S. Army veteran was able to scale the compound's fence and enter the executive mansion Friday evening.

  • Kentucky's Desperate Democrat

    One motif that's been largely missing from Democratic campaigns this year is the Republican war on Medicare. Lo, Kentucky Democrat Alison Lundergran Grimes has disinterred the trope in a new ad that implicates Mitch McConnell in her ...

  • Emirates Dangles Prospect of Big Airbus Order If Upgrade Is Made

    ISTANBUL—Airbus Group NV and Emirates Airline are at odds over the future of the A380 super jumbo, with the world's largest buyer of the jet dangling the prospect of a $29 billion order in return for a major upgrade the plane maker wants to ...

  • What French Voters Don't Want

    In 2011, Segolene Royal ran in a Socialist Party presidential nomination primary in France against the father of her four children and former companion, Francois Hollande. Along the way, she asked the French if they could "point to a single ...

  • Argentina Wants BNY Mellon Out as Trustee

    Argentina has asked Bank of New York Mellon to resign as its trustee, the latest salvo in what has turned into a protracted headache for the trust bank.

  • Oil Slips as Libyan Production Returns

    Oil prices fell Monday after Libya restarted production at its largest oil field, bringing more barrels to a market already brimming with crude and adding to concerns about weak economic growth and demand.

  • Gold Pulls Higher After Sliding to Eight-Month Low

    Gold futures turned higher Monday, as investors jumped in after prices slid to an eight-month low earlier in the session.Gold for December delivery, the most actively traded contract, settled up 0.1%, or $1.30, at $1,217.90 a troy ounce on ...

  • Podcast: Together We Miss Football

    Jason Gay joins the latest Sports Retort to discuss his self-imposed football-free weekend, which led him to perhaps the most basic existential sports question: Why do we watch any particular game? We hear his impressions from attending ...

  • Costa Rica to Accelerate VAT Reform After Downgrade

    Costa Rica is accelerating the introduction of a new value-added tax and pursuing other overhauls aimed at improving governance and spurring growth following a credit ratings downgrade last week by Moody's Investors Service, the country's ...

  • When the Client Educates the Adviser

    When Herb White's client asked about using a reverse mortgage to dramatically cut his expenses, the adviser was skeptical."I didn't know much about them, but I assumed he'd lose his home or end up owing the bank more money," says Mr. White, ...

  • Cotton Tumbles to Near 5-Year Lows

    NEW YORK—Cotton prices fell to a nearly five-year low on Monday after a Chinese official said the country will sharply curtail its cotton imports next year.

  • Air France Pilots Reject Offer to End Strike

    PARIS—Turbulence increased at the French wing of Air France-KLM SA on Monday as the airline offered what it described as last-ditch concessions while its main pilots union dismissed the offer and extended a week-long strike.

  • Texting Frequently With Thumbs May Cause Tendinitis

    Tendons in the hand can thicken abnormally and develop tendinitis in people who text frequently using their thumbs, says a study published online in the American Journal of Physical Medicine & Rehabilitation.

  • Russia's Nuclear Energy Ambitions Run Into Trouble Over Ukraine

    When it comes to expanding its influence in Europe through energy, Russia has been looking to move beyond natural gas into financing for nuclear-energy projects. But its investment push has become complicated by rising political tensions ...

  • Chinese Cash Slow to Follow Students to America

    Chinese are now among the world's biggest donors to U.S. universities, but they still punch below their weight given Chinese students' large presence on U.S. campuses.

  • A Simple Reading Trick for People With Vision Problems

    People who have difficulty reading because of macular degeneration and other eye diseases may benefit from a simple trick of turning a page sideways, says a study in the September issue of Optometry and Vision Science.

  • Pension Fund Manager APG Lays Out Executive Pay Guidelines

    Boards of public companies should consider wage inequality and respond to shareholder concerns over the way they pay to top executives, according to new guidelines from one of Europe's largest pension fund managers.

  • An 'Educare' for New Student Loans

    I cannot find the upside to the decision to ease access to student loans for parents with damaged credit ("Relaxing a Key College Loan," U.S. News, Sept. 13). The first example cites combined student-parent debt of $136,640 to prepare the ...

  • A Motivating Islamic Video Gets Results

    Gen. Robert H. Scales tells us the truth about ISIS ("The ISIS Way of War Is One We Know Well," op-ed, Sept. 15) and that we should have learned how to deal with it, but probably we have not. However, the news isn't all bad. As he says, ...

  • Preaching, Policy and Packing Pews

    The Rev. J. Perry Smith, a semiretired Episcopal priest, argues in "The Elements of Sermonizing Style" (Houses of Worship, Sept. 12) that brevity and relevance are keys to effective sermons that touch hearts and save souls. He feels that ...

  • We Need to Make Better Lyme Disease Tests Available

    Regarding Dr. Paul Mead's letter about the CDC Lyme test (Letters, Sept. 5), our family is familiar with tick-borne diseases. Our son was diagnosed with Lyme disease and babesiosis. The CDC test was negative for Lyme disease. The IGeneX, ...

  • Mexico's Elementia Considers IPO After Cement Plant Buy

    MEXICO CITY—Mexican building-materials company Elementia is considering a stock listing as it bolsters its cement business by buying French partner Lafarge SA's minority stake in joint-venture Cementos Fortaleza.

  • NATO and the EU React to Threats From Russia, ISIS

    Anders Fogh Rasmussen clearly states the geopolitical crisis of the 21st century: Vladimir Putin has grand designs of recreating a greater Russia, and Islamic State terrorism is spreading a medieval rule based on fear, intolerance, ...

  • EU Regulators Approve New U.K. Nuclear Plant

    BRUSSELS—The U.K. has won the backing of European Union regulators for its plan to provide substantial support for the country's first new nuclear power plant to be built in a generation.

  • Mechel Shares Fall on Bankruptcy Fears

    LONDON—Shares in Russia's OAO Mechel fell more than 20% on Monday after the country's economy minister said he thought bankruptcy was "a probable scenario" for the metals and mining group as pressure mounts on the company to repay rather ...

  • Can Rep. Honda Hang On in California

    Democratic Senators were fortunate not to draw primary challenges this year. Not so lucky was seven-term Democratic Rep. Mike Honda, who failed to knock out party moderate Ro Khanna during California's top-two primary in June. As a result, ...

  • Glaxo-Avalon Ventures Launch Three Drug Startups

    GlaxoSmithKline PLC and venture capitalists from San Diego said Monday they have launched three companies from their unusual, $495 million drug-discovery collaboration.

  • Spanish Missionary With Ebola Flown to Madrid

    MADRID—A Spanish missionary who became infected with the Ebola virus while serving as medical director of a Sierra Leone hospital has been flown to Spain for treatment.

  • Mali's Police Restructuring Will Take Years

    BRUSSELS—The ambassador who heads a nascent European Union mission charged with training Mali's police forces depicted a security apparatus in the African country that is almost entirely dysfunctional and will take years to repair.

  • Germany's Merkel Calls for Withdrawal of Russian Forces From Eastern Ukraine

    BERLIN—German Chancellor Angela Merkel on Monday called for a full withdrawal of Russian armed forces from eastern Ukraine and expressed concern about repeated breaches of the cease-fire there by pro-Russia separatists.

  • Medicaid Bankruptcy Ruling Could Bolster Health-Care Facility Turnarounds

    A federal judge's recent ruling blocking Medicaid officials from cutting off a struggling nursing home could help troubled health-care facilities survive using bankruptcy, according to restructuring professionals.

  • The U.S. Bets on Modi

    India's Narendra Modi was once subject to a U.S. visa ban for failing to halt communal violence while chief minister of Gujarat. He meets President Obama at the White House on Sept. 29 as an honored guest. Prime minister of the world's ...

  • Libya's Largest Oil Field Restarts Production

    Production resumed Monday at Libya's largest oil field, a top oil official said, as security improved despite persistent political chaos in the country.

  • Lawsky: Cyberterrorism Most Significant Issue for Regulator

    New York Department of Financial Services Superintendent Benjamin M. Lawsky called cyberterrorism the most significant issue his office is facing over the next year.

  • Pennsylvania Governor Vows Shooting Suspect Will Be Caught

    BLOOMING GROVE, Pa.—The survivalist charged in a deadly ambush at a state police barracks 10 days ago will be caught, Gov. Tom Corbett vowed Monday as a police official said authorities believe they are hot on the man's trail.

  • Europe Stocks Down on China Concerns

    Concerns over sluggish economic growth in China weighed on mining stocks Monday, while sending emerging market currencies to multi-month lows and battering prices across the metals market.

  • Head Off a Tiananmen Massacre in Hong Kong

    Editor's note: The following op-ed is written by Yang Jianli, Teng Biao and Hu Jia, who are all former political prisoners of China. Mr. Yang is the president of Initiatives for China. Mr. Teng is a human rights lawyer. Mr. Hu is a winner ...

  • Germany Cracking Down on Alleged Islamic Militants

    BERLIN—German authorities are turning the screw on alleged Islamist militants in the country amid rising concern that the conflict in Syria could spill over into attacks in Europe.

  • Carlyle to Sell Shares in Philadelphia Refinery Equipment

    Carlyle Group LP on Monday disclosed plans to sell shares in an oil-unloading system the firm installed at a Philadelphia refinery that it took over two years ago.

  • 'Bridesmaids' Rose Byrne Takes Broadway

    Rose Byrne is making her Broadway debut this fall in the George Kaufman and Moss Hart 1936 comedy, "You Can't Take it With You," starring James Earl Jones. The play, which opens Sept. 28, is about the eccentric-but-lovable Sycamore family ...

  • Market Talk: Apple and Tesco

    Market Talk, a feature of Dow Jones Newswires, provides real-time analysis of breaking news, as well as running commentary on financial market activity. Wall Street Journal reporters and editors around the globe contribute to the Market ...

  • France 'Not Sick Child of Europe,' Prime Minister Manuel Valls Tells Germany

    BERLIN—France "isn't the sick child of Europe," Manuel Valls said on Monday on his first visit to the German capital as France's prime minister as he sought to reassure German Chancellor Angela Merkel and skeptical German voters that Paris ...

  • Mercuria Registers With Regulator Ahead of Major Acquisition

    LONDON—Swiss commodities trader Mercuria Energy Group has registered with the U.K.'s financial regulator as the company nears completion of a transformative deal to buy J.P. Morgan Chase & Co's physical commodities unit.

  • Eurozone Consumer Confidence Falls for Fourth Month

    Consumer confidence in the 18 countries that share the euro weakened for the fourth straight month in September, likely reflecting disappointment with the pace of the eurozone's economic recovery and the conflict in Ukraine.

  • Ultrasonic's Missing CEO Appears, Denies Taking Funds

    FRANKFURT—A Chinese shoe executive whose disappearance last week shook his Germany-based company emerged, telling Chinese media that he had lost his cellphone while in the Philippines and that he hadn't absconded with company funds.

  • Fed's Plosser, Dissenting Hawk, to Step Down in March

    Charles Plosser, president of the Federal Reserve Bank of Philadelphia, said Monday he will step down from his post on March 1, capping an eight-year tenure marked by steady warnings about the dangers of unconventional monetary policy.

  • Des Moines Register Adds a Bit of Virtual Reality to News Report

    If you've ever wanted to really get inside a news story, the Des Moines Register thinks it has the answer.On Monday, the Gannett Co.-owned newspaper will publish its first virtual-reality news report, incorporating the technology of Oculus ...

  • Norway Ready to Sell Cermaq to Mitsubishi

    OSLO—Norway's government said Monday it is prepared to sell its majority stake in Oslo-listed salmon farmer Cermaq ASA to Mitsubishi Corp. (8058.TO), in a deal valuing the company at 8.88 billion Norwegian kroner ($1.40 billion), but that ...

  • Auxilium Sticks With QLT Merger After Reviewing Endo's Proposal

    Auxilium Pharmaceuticals Inc. said Monday its board has determined that Endo International PLC's unsolicited acquisition proposal isn't superior to its existing merger agreement with QLT Inc.

  • Tesco Can't Even Account for Its Problems

    When the rot sets in, it spreads fast. Tesco said Monday it had overstated its forecast profit for the first half of the year. But the U.K. retailer has yet to show investors that it understands the extent of its decay, let alone how to ...

  • ECB's Praet Defends Bank's Policy on Strength of Euro

    BERLIN—The European Central Bank's chief economist Monday rejected suggestions the bank was trying to push the euro lower to kick-start the bloc's beleaguered economy, contradicting some of his colleagues on the bank's governing council.

  • Ukraine Eases Requirements on Forex Conversion

    MOSCOW—In attempt to feed its domestic market with much needed foreign currency, the National Bank of Ukraine on Monday eased requirements on conversion of incoming money, and simultaneously slashed the amount of currency a private person ...

  • Peyton's Pyrrhic Victory That Wasn't

    This Fixer was on hand for the Journal's Super Bowl liveblog, when the Denver Broncos were beat down by the Seattle Seahawks before the buffalo wings had a chance to congeal into a cold, hard slab. He was at home for Sunday's rematch, when ...

  • OSI Lays Off Workers at Shanghai Husi Amid Meat Probe

    BEIJING – OSI Group LLC will cut 340 workers from its Shanghai facility as the U.S. food supplier seeks to recover from accusations in China that it provided food past its use-by date to major customers such as McDonald's Corp.

  • Voices: Darla Kashian, on Why the Kids Should Help Pay for College

    Voices is an occasional column that allows wealth managers to address issues of interest to the advisory community. Darla Kashian is vice president at RBC Wealth Management in Minneapolis.

  • NASA's Maven Spacecraft Enters Mars Orbit

    CAPE CANAVERAL, Fla.—NASA's Maven spacecraft entered orbit around Mars for an unprecedented study of the red planet's atmosphere following a 442 million-mile journey that began nearly a year ago.

  • Repros Therapeutics Says FDA Recommendation Not Directly Applicable to Androxal

    Repros Therapeutics Inc. issued a statement Monday saying that a Food and Drug Administration advisory panel recommendation last week doesn't directly apply to its lead drug candidate to treat low testosterone caused by secondary ...

  • Labor Groups Seek Probe of Wal-Mart's PAC

    Labor and advocacy groups are seeking an investigation into whether Wal-Mart Stores Inc. violated federal election laws by soliciting employees for donations to its political-action committee in exchange for charitable contributions to a ...

  • Copper Falls to Three-Month Low on China Worries

    Copper prices on Monday dropped to their lowest level in three months, after a Chinese official said a recent decline in industrial production won't prompt the country to embark on any fresh economic stimulus.

  • Overhaul of Italy GDP Data to Offer Renzi Little Help

    ROME—A statistical review of Italy's growth data for the past five years, including illegal activities like drugs and prostitution, will provide only limited help to Prime Minister Matteo Renzi in his struggle to keep Italy's budget under ...

  • U.A.E. Names Mansouri as Central Bank Governor

    DUBAI—Mubarak Rashid Al Mansouri has been named the United Arab Emirates' central bank governor, according to a report by the state news agency WAM on Monday, replacing his predecessor after 23 years steering the Gulf Arab country's main ...

  • Russian Gas Supplies to Central Europe Still Falling

    VIENNA—Some Central European countries continued to report declines in Russian gas deliveries on Monday as tensions between Ukraine and Russia persist in the run-up to winter.

  • China Property Developers Share the Pain

    There are many risks surrounding Chinese property stocks. Add another: share issuance.Mainland developer Agile Property announced a share rights issue Monday to raise money to pay down debt. It's the third Chinese developer to launch a ...

  • Par Pharmaceuticals to Pay $100 Million in Patent Settlement

    Par Pharmaceutical Cos. agreed to pay $100 million to the Santarus unit of Salix Pharmaceuticals Ltd. and the curators of the University of Missouri to settle a patent infringement lawsuit related to generic Zegerid.

  • Airbus Urges Caution in Committing to Higher Output for Single-Aisle Jets

    ISTANBUL—A senior Airbus Group NV executive on Monday urged caution in committing to a higher output for single-aisle jets despite strong demand amid concerns rival Boeing Co. may be becoming overly aggressive in building jetliners.

  • Dutch Housing Market Springs Back to Life

    AMSTERDAM—The Dutch housing market is finally showing signs of recovery after a slump that lasted five years.Dutch property prices increased for the fifth straight month in August, rising 1.7% on the year and 0.1% on the month, CBS ...

  • Transforming a Sleepy Swiss Valley

    LONDON—An Egyptian billionaire who has spent nine years turning a small village in the Swiss Alps into a tourist destination is ready to start selling his vision abroad.

  • Taiwan Export Orders Get Lift From Apple's iPhone 6

    TAIPEI—Taiwan's export orders climbed in August, as Apple Inc. and other companies stocked up electronic components ahead of product releases, but economists expect that momentum to taper off later this year.

  • Taiwan Central Bank Shifts Language on Monetary Policy

    TAIPEI—Taiwan's central bank appeared to shift slightly toward future interest-rate increases in a report to lawmakers Monday, as the country's inflationary pressures build and the economy improves.

  • AutoZone Profit Inches Up as Margins Improve

    AutoZone Inc. said its fiscal fourth-quarter profit inched up while margins expanded, although sales declined because of fewer sales days during the period.

  • Chinese Shares Lead Losses in Asian Trading

    Chinese stocks led losses in Asia on Monday, as upcoming manufacturing data brought China's sluggish growth into focus and comments from China's finance minister tempered investors' stimulus expectations.

  • The 10-Point.

    Good morning,The West is expected to supply weapons for a stepped-up counteroffensive against Islamic State. However, the Kurdish forces who will use them lack not only military hardware but any kind of strategic readiness for the campaign. ...

  • Bill Clinton Spins His Haiti Intervention

    It's tempting to try to forget about all the misery that Bill and Hillary Clinton and their Democrat friends have inflicted on Haiti. But like perpetrators who cannot resist the urge to return to the scene of the crime, the Clintons keep ...

  • Siemens to Sell 50% Stake in Appliance Joint Venture to Bosch for $3.85 Billion

    FRANKFURT—German engineering group Robert Bosch GmbH will purchase Siemens AG's 50% stake in household appliances joint venture BSH Bosch und Siemens Hausgeräte GmbH, the companies said on Monday.

  • The West's Bruised Confidence in Capitalism

    Across the six Septembers since the global financial meltdown, the corporate world has faced intense questions about major challenges, not least about how to sustain growth during an imperfect recovery. Yet one question has been especially ...

  • Gold, Silver Hit Lows in Asia as Dollar Strengthens

    HONG KONG—Gold and silver prices fell to lows in Asian trading hours on Monday because of a strengthening dollar, triggering some purchases from retail buyers in India ahead of the main festival season.

  • New Zealand to Vote on Flag Change Next Year

    WELLINGTON, New Zealand—New Zealanders will soon get to vote on whether to replace a flag that harks back to the country's colonial past with one that some, including the prime minister, suggest would better suit its modern-day image.

  • Egypt Militants Claim Responsibility for Blast

    CAIRO—An Egyptian militant group has claimed responsibility for Sunday's bomb blast in a busy downtown Cairo street near the Foreign Ministry that killed two senior police officers and wounded several other policemen.

  • Rail Authority Is on the Proper Track

    Regarding your editorial "California's Democratic Derailment" (Sept. 13): Our litigious project opponents, who are in fact basing their fight against the rail program on the most fundamental nimbyism, have resorted to the canard that ...

  • China's Restive Xinjiang Region Hit by Blasts

    BEIJING—At least two people were killed and an undisclosed number injured after multiple explosions in China's western Xinjiang region on Sunday, state media said.

  • Proceedings: Highlights From the Law Blog

    Professor: Schools Should Do More on Mental IllnessStudies have shown that lawyers suffer from high rates of depression and suicide.In an essay forthcoming in the Journal of Legal Education, Charlotte School of Law associate professor Brian ...

  • CMO Today

    The Economist PromisesThe Economist is rolling out a new set of audience measurements for advertisers on its mobile applications and website, hoping to lure more digital ad dollars by highlighting how much time the magazine's readers spend ...

  • What's News: Business & Finance

    Siemens announced a deal to acquire oil-equipment maker Dresser-Rand for $7.6 billion in cash, beating out Swiss rival Sulzer.EMC is considering options that could include a merger with a rival. The data-storage firm has recently held talks ...

  • Corporate Watch: News Digest

    Latin America Drop-Off Hurts Overall SalesCaterpillar Inc. said sales by its dealers of machinery fell 10% for the three-month period ended in August, weighed down by sharp sales declines in Latin America.

  • See The Wall Street Journal's Front Page

    See The Wall Street Journal's Front Page

  • What's News: World-Wide

    Afghanistan's two rival presidential candidates agreed to share power in a deal that ends a three-month stalemate and lets Karzai step down.

  • Bingham and Morgan Lewis Talk Merger

    Boston law firm Bingham McCutchen LLP is in substantive merger talks with a larger firm, Morgan, Lewis & Bockius LLP, according to two people familiar with the matter.

  • Jason Gay

    A Football Timeout »

  • What's News—

    Business & FinanceDaimler is targeting emerging markets such as Africa and Southeast Asia with a line of stripped-down trucks that it produces in India.

  • What's News—

    Business & FinanceA consensus is emerging among investors that some Asian markets can do well despite rising interest rates, as governments overhaul their economies.

  • France's Fabius Warns Against Mixing Islamic State Fight With Iran Nuclear Talks

    NEW YORK—Discussions with Iran about fighting Islamic State mustn't seep into the nuclear talks with Iran, French Foreign Minister Laurent Fabius said Monday.

  • Europe Stocks Down on China Concerns

    Concerns over sluggish economic growth in China weighed on mining stocks Monday, while sending emerging market currencies to multi-month lows and battering prices across the metals market.

  • Head Off a Tiananmen Massacre in Hong Kong

    Editor's note: The following op-ed is written by Yang Jianli, Teng Biao and Hu Jia, who are all former political prisoners of China. Mr. Yang is the president of Initiatives for China. Mr. Teng is a human rights lawyer. Mr. Hu is a winner ...

  • Germany Cracking Down on Alleged Islamic Militants

    BERLIN—German authorities are turning the screw on alleged Islamist militants in the country amid rising concern that the conflict in Syria could spill over into attacks in Europe.

  • Carlyle to Sell Shares in Philadelphia Refinery Equipment

    Carlyle Group LP on Monday disclosed plans to sell shares in an oil-unloading system the firm installed at a Philadelphia refinery that it took over two years ago.

  • 'Bridesmaids' Rose Byrne Takes Broadway

    Rose Byrne is making her Broadway debut this fall in the George Kaufman and Moss Hart 1936 comedy, "You Can't Take it With You," starring James Earl Jones. The play, which opens Sept. 28, is about the eccentric-but-lovable Sycamore family ...

  • Market Talk: Apple and Tesco

    Market Talk, a feature of Dow Jones Newswires, provides real-time analysis of breaking news, as well as running commentary on financial market activity. Wall Street Journal reporters and editors around the globe contribute to the Market ...

  • France 'Not Sick Child of Europe,' Prime Minister Manuel Valls Tells Germany

    BERLIN—France "isn't the sick child of Europe," Manuel Valls said on Monday on his first visit to the German capital as France's prime minister as he sought to reassure German Chancellor Angela Merkel and skeptical German voters that Paris ...

  • Mercuria Registers With Regulator Ahead of Major Acquisition

    LONDON—Swiss commodities trader Mercuria Energy Group has registered with the U.K.'s financial regulator as the company nears completion of a transformative deal to buy J.P. Morgan Chase & Co's physical commodities unit.

  • Eurozone Consumer Confidence Falls for Fourth Month

    Consumer confidence in the 18 countries that share the euro weakened for the fourth straight month in September, likely reflecting disappointment with the pace of the eurozone's economic recovery and the conflict in Ukraine.

  • Ultrasonic's Missing CEO Appears, Denies Taking Funds

    FRANKFURT—A Chinese shoe executive whose disappearance last week shook his Germany-based company emerged, telling Chinese media that he had lost his cellphone while in the Philippines and that he hadn't absconded with company funds.

  • Fed's Plosser, Dissenting Hawk, to Step Down in March

    Charles Plosser, president of the Federal Reserve Bank of Philadelphia, said Monday he will step down from his post on March 1, capping an eight-year tenure marked by steady warnings about the dangers of unconventional monetary policy.

  • Des Moines Register Adds a Bit of Virtual Reality to News Report

    If you've ever wanted to really get inside a news story, the Des Moines Register thinks it has the answer.On Monday, the Gannett Co.-owned newspaper will publish its first virtual-reality news report, incorporating the technology of Oculus ...

  • Norway Ready to Sell Cermaq to Mitsubishi

    OSLO—Norway's government said Monday it is prepared to sell its majority stake in Oslo-listed salmon farmer Cermaq ASA to Mitsubishi Corp. (8058.TO), in a deal valuing the company at 8.88 billion Norwegian kroner ($1.40 billion), but that ...

  • Auxilium Sticks With QLT Merger After Reviewing Endo's Proposal

    Auxilium Pharmaceuticals Inc. said Monday its board has determined that Endo International PLC's unsolicited acquisition proposal isn't superior to its existing merger agreement with QLT Inc.

  • Tesco Can't Even Account for Its Problems

    When the rot sets in, it spreads fast. Tesco said Monday it had overstated its forecast profit for the first half of the year. But the U.K. retailer has yet to show investors that it understands the extent of its decay, let alone how to ...

  • ECB's Praet Defends Bank's Policy on Strength of Euro

    BERLIN—The European Central Bank's chief economist Monday rejected suggestions the bank was trying to push the euro lower to kick-start the bloc's beleaguered economy, contradicting some of his colleagues on the bank's governing council.

  • Ukraine Eases Requirements on Forex Conversion

    MOSCOW—In attempt to feed its domestic market with much needed foreign currency, the National Bank of Ukraine on Monday eased requirements on conversion of incoming money, and simultaneously slashed the amount of currency a private person ...

  • Peyton's Pyrrhic Victory That Wasn't

    This Fixer was on hand for the Journal's Super Bowl liveblog, when the Denver Broncos were beat down by the Seattle Seahawks before the buffalo wings had a chance to congeal into a cold, hard slab. He was at home for Sunday's rematch, when ...

  • OSI Lays Off Workers at Shanghai Husi Amid Meat Probe

    BEIJING – OSI Group LLC will cut 340 workers from its Shanghai facility as the U.S. food supplier seeks to recover from accusations in China that it provided food past its use-by date to major customers such as McDonald's Corp.

  • Voices: Darla Kashian, on Why the Kids Should Help Pay for College

    Voices is an occasional column that allows wealth managers to address issues of interest to the advisory community. Darla Kashian is vice president at RBC Wealth Management in Minneapolis.

  • NASA's Maven Spacecraft Enters Mars Orbit

    CAPE CANAVERAL, Fla.—NASA's Maven spacecraft entered orbit around Mars for an unprecedented study of the red planet's atmosphere following a 442 million-mile journey that began nearly a year ago.

  • Repros Therapeutics Says FDA Recommendation Not Directly Applicable to Androxal

    Repros Therapeutics Inc. issued a statement Monday saying that a Food and Drug Administration advisory panel recommendation last week doesn't directly apply to its lead drug candidate to treat low testosterone caused by secondary ...

  • Labor Groups Seek Probe of Wal-Mart's PAC

    Labor and advocacy groups are seeking an investigation into whether Wal-Mart Stores Inc. violated federal election laws by soliciting employees for donations to its political-action committee in exchange for charitable contributions to a ...

  • Copper Falls to Three-Month Low on China Worries

    Copper prices on Monday dropped to their lowest level in three months, after a Chinese official said a recent decline in industrial production won't prompt the country to embark on any fresh economic stimulus.

  • Overhaul of Italy GDP Data to Offer Renzi Little Help

    ROME—A statistical review of Italy's growth data for the past five years, including illegal activities like drugs and prostitution, will provide only limited help to Prime Minister Matteo Renzi in his struggle to keep Italy's budget under ...

  • U.A.E. Names Mansouri as Central Bank Governor

    DUBAI—Mubarak Rashid Al Mansouri has been named the United Arab Emirates' central bank governor, according to a report by the state news agency WAM on Monday, replacing his predecessor after 23 years steering the Gulf Arab country's main ...

  • Russian Gas Supplies to Central Europe Still Falling

    VIENNA—Some Central European countries continued to report declines in Russian gas deliveries on Monday as tensions between Ukraine and Russia persist in the run-up to winter.

  • China Property Developers Share the Pain

    There are many risks surrounding Chinese property stocks. Add another: share issuance.Mainland developer Agile Property announced a share rights issue Monday to raise money to pay down debt. It's the third Chinese developer to launch a ...

  • Par Pharmaceuticals to Pay $100 Million in Patent Settlement

    Par Pharmaceutical Cos. agreed to pay $100 million to the Santarus unit of Salix Pharmaceuticals Ltd. and the curators of the University of Missouri to settle a patent infringement lawsuit related to generic Zegerid.

  • Airbus Urges Caution in Committing to Higher Output for Single-Aisle Jets

    ISTANBUL—A senior Airbus Group NV executive on Monday urged caution in committing to a higher output for single-aisle jets despite strong demand amid concerns rival Boeing Co. may be becoming overly aggressive in building jetliners.

  • Dutch Housing Market Springs Back to Life

    AMSTERDAM—The Dutch housing market is finally showing signs of recovery after a slump that lasted five years.Dutch property prices increased for the fifth straight month in August, rising 1.7% on the year and 0.1% on the month, CBS ...

  • Transforming a Sleepy Swiss Valley

    LONDON—An Egyptian billionaire who has spent nine years turning a small village in the Swiss Alps into a tourist destination is ready to start selling his vision abroad.

  • Taiwan Export Orders Get Lift From Apple's iPhone 6

    TAIPEI—Taiwan's export orders climbed in August, as Apple Inc. and other companies stocked up electronic components ahead of product releases, but economists expect that momentum to taper off later this year.

  • Taiwan Central Bank Shifts Language on Monetary Policy

    TAIPEI—Taiwan's central bank appeared to shift slightly toward future interest-rate increases in a report to lawmakers Monday, as the country's inflationary pressures build and the economy improves.

  • AutoZone Profit Inches Up as Margins Improve

    AutoZone Inc. said its fiscal fourth-quarter profit inched up while margins expanded, although sales declined because of fewer sales days during the period.

  • Chinese Shares Lead Losses in Asian Trading

    Chinese stocks led losses in Asia on Monday, as upcoming manufacturing data brought China's sluggish growth into focus and comments from China's finance minister tempered investors' stimulus expectations.

  • The 10-Point.

    Good morning,The West is expected to supply weapons for a stepped-up counteroffensive against Islamic State. However, the Kurdish forces who will use them lack not only military hardware but any kind of strategic readiness for the campaign. ...

  • Bill Clinton Spins His Haiti Intervention

    It's tempting to try to forget about all the misery that Bill and Hillary Clinton and their Democrat friends have inflicted on Haiti. But like perpetrators who cannot resist the urge to return to the scene of the crime, the Clintons keep ...

  • Siemens to Sell 50% Stake in Appliance Joint Venture to Bosch for $3.85 Billion

    FRANKFURT—German engineering group Robert Bosch GmbH will purchase Siemens AG's 50% stake in household appliances joint venture BSH Bosch und Siemens Hausgeräte GmbH, the companies said on Monday.

  • The West's Bruised Confidence in Capitalism

    Across the six Septembers since the global financial meltdown, the corporate world has faced intense questions about major challenges, not least about how to sustain growth during an imperfect recovery. Yet one question has been especially ...

  • Gold, Silver Hit Lows in Asia as Dollar Strengthens

    HONG KONG—Gold and silver prices fell to lows in Asian trading hours on Monday because of a strengthening dollar, triggering some purchases from retail buyers in India ahead of the main festival season.

  • New Zealand to Vote on Flag Change Next Year

    WELLINGTON, New Zealand—New Zealanders will soon get to vote on whether to replace a flag that harks back to the country's colonial past with one that some, including the prime minister, suggest would better suit its modern-day image.

  • Egypt Militants Claim Responsibility for Blast

    CAIRO—An Egyptian militant group has claimed responsibility for Sunday's bomb blast in a busy downtown Cairo street near the Foreign Ministry that killed two senior police officers and wounded several other policemen.

  • Rail Authority Is on the Proper Track

    Regarding your editorial "California's Democratic Derailment" (Sept. 13): Our litigious project opponents, who are in fact basing their fight against the rail program on the most fundamental nimbyism, have resorted to the canard that ...

  • China's Restive Xinjiang Region Hit by Blasts

    BEIJING—At least two people were killed and an undisclosed number injured after multiple explosions in China's western Xinjiang region on Sunday, state media said.

  • Proceedings: Highlights From the Law Blog

    Professor: Schools Should Do More on Mental IllnessStudies have shown that lawyers suffer from high rates of depression and suicide.In an essay forthcoming in the Journal of Legal Education, Charlotte School of Law associate professor Brian ...

  • CMO Today

    The Economist PromisesThe Economist is rolling out a new set of audience measurements for advertisers on its mobile applications and website, hoping to lure more digital ad dollars by highlighting how much time the magazine's readers spend ...

  • What's News: Business & Finance

    Siemens announced a deal to acquire oil-equipment maker Dresser-Rand for $7.6 billion in cash, beating out Swiss rival Sulzer.EMC is considering options that could include a merger with a rival. The data-storage firm has recently held talks ...

  • Corporate Watch: News Digest

    Latin America Drop-Off Hurts Overall SalesCaterpillar Inc. said sales by its dealers of machinery fell 10% for the three-month period ended in August, weighed down by sharp sales declines in Latin America.

  • See The Wall Street Journal's Front Page

    See The Wall Street Journal's Front Page

  • What's News: World-Wide

    Afghanistan's two rival presidential candidates agreed to share power in a deal that ends a three-month stalemate and lets Karzai step down.

  • Bingham and Morgan Lewis Talk Merger

    Boston law firm Bingham McCutchen LLP is in substantive merger talks with a larger firm, Morgan, Lewis & Bockius LLP, according to two people familiar with the matter.

  • Jason Gay

    A Football Timeout »

  • What's News—

    Business & FinanceDaimler is targeting emerging markets such as Africa and Southeast Asia with a line of stripped-down trucks that it produces in India.

  • What's News—

    Business & FinanceA consensus is emerging among investors that some Asian markets can do well despite rising interest rates, as governments overhaul their economies.

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