News Archive for July 29, 2014

  • Quinoa Rides the 'Superfoods' Wave

    For most of the three decades that Ancient Harvest has been selling quinoa, business was relatively tame as it supplied boutique supermarkets and health-food stores.

  • ICAO, IATA Agree to Improve Sharing Threat Data Over Conflict Zones

    International air-safety officials and representatives of the world's airlines agreed to "urgently review" ways to improve how safety threats regarding flights over combat zones are identified and disseminated.

  • Anadarko Profit Falls 76%

    Anadarko Petroleum Corp. said its second-quarter earnings fell 76% on hedging impacts that masked the oil-and-gas company's stronger sales.Anadarko reported a profit of $227 million, or 45 cents a share, down from $929 million, or $1.83 a ...

  • Banco Santander's Brazil Unit Fires Analyst, Others After Political Comment

    The Brazilian unit of Banco Santander SA has fired an analyst and other employees involved in the publication of a client note critical of President Dilma Rousseff's economic policies.

  • Honda Profit Jumps 20%, Lifts Outlook

    TOKYO—Honda Motor Co. on Tuesday lifted its full-year sales and profit forecasts, saying new models would help the company bounce back from a sluggish quarter in North America, its biggest market.

  • Europe, U.S. Significantly Expand Sanctions Against Russian Economy

    The European Union and the U.S., after much agonizing, adopted broad economic sanctions against Russia on Tuesday to punish Moscow's unbending stance in the Ukraine conflict.

  • Italy's Mediaset Swings to Loss in First Half

    MILAN—Mediaset SpA, Italy's largest private broadcaster, swung to a first-half loss, hurt by the long-lasting recession in Italy and a slow advertising market.

  • Amgen Plans to Cut Up To 15% of Workers

    Amgen Inc. said it plans to reduce its global workforce by 12% to 15% as part of a restructuring that aims to focus the company's resources on developing new drugs and reducing the number of its locations.

  • David Schwimmer, Best Known for Playing Ross on 'Friends,' Directs 'Sex With Strangers'

    When you are David Schwimmer, you are accustomed to addressing the Ross in the room."Most people know me from one character on one TV show," he said from the back row of Second Stage Theatre, where the play he directs, "Sex With Strangers," ...

  • U.S. Stocks Close Lower

    U.S. stocks ended lower Tuesday, with investors biding their time ahead of major economic news due later this week.The Dow Jones Industrial Average dropped 70.48 points, or 0.4%, to 16912.11. The S&P 500 index lost 8.96 points, or 0.5%, ...

  • To Unplug on Vacation, Your Own Tech Can Help

    I wanted to write this column over my vacation last week, but my laptop stopped me. "Your time is up," it flashed after 30 minutes online. Begrudgingly I closed the lid, sipped my coffee, looked out at the sailboats on the ocean, then ...

  • Leahy Introduces Senate Bill to Rein In U.S. Surveillance

    WASHINGTON—A bill introduced Tuesday to revamp U.S. government surveillance programs represents the best chance for changes this year, congressional officials say, but many hurdles remain.

  • India's Flipkart Raises $1 Billion in Fresh Funding

    BANGALORE, India—India's largest e-commerce company, Flipkart Internet Pvt., said on Tuesday that it has raised $1 billion in fresh funding as it girds for competition with Amazon.com and an eBay Inc.-backed rival for dominance in the ...

  • Former Virginia Gov. McDonnell's Corruption Trial Begins

    RICHMOND, Va.—Former Gov. Bob McDonnell and his wife, Maureen, had a broken marriage that left them vulnerable to a salesman seeking to exploit their power for his own benefit, their attorneys said in an explosive opening day of the ...

  • Senate Confirms McDonald as VA Secretary

    The Senate confirmed Robert McDonald to head the Department of Veterans Affairs on Tuesday, one day after congressional leaders cobbled together a $17 billion funding bill to help reform the agency and expand care.

  • Twitter's User Growth Picks Up

    Twitter Inc. said its second-quarter revenue more than doubled and the company saw an uptick in user growth, signaling its efforts to make the short messaging service more appealing to the masses may be bearing fruit.

  • U.S. Targets Russian Energy, Arms, Finance Sectors With New Sanctions

    WASHINGTON—President Barack Obama said Tuesday that the U.S. is intensifying its economic sanctions against Russia, hitting Moscow's energy, arms and banking industries in response to what he said was President Vladimir Putin's continued ...

  • Global Payments Profit Rises on Higher Revenue

    Global Payments Inc.'s fiscal fourth-quarter profit rose 26.5% as the credit-card processor recorded a jump in revenue.For the new fiscal year, the Atlanta company forecast a per-share profit of $4.52 to $4.62 on revenue between $2.69 ...

  • Dr. Strangelaw

    Urban legend had it that The New Yorker's Pauline Kael pronounced herself mystified by Richard Nixon's re-election: "Everybody I know voted for McGovern." The actual quote, as we noted in 2011, made clear Kael understood her social circle ...

  • What a Georgian Shame

    Democracy is in retreat the world over, so it's easy to overlook the latest backslider from the Caucasus. But spare a moment for Georgia and hope the U.S. speaks up. This nation of five million was the first ex-Soviet republic outside the ...

  • Xi Rides the Tiger

    Since China's supreme leader Xi Jinping came to power less than two years ago, he has steadily detained the allies of Zhou Yongkang, a retired member of the Chinese Politburo Standing Committee. The official announcement Tuesday that Mr. ...

  • American Express Posts Higher Earnings

    American Express Co.'s second-quarter earnings rose 9%, in part due to a gain on the sale of half of its corporate-travel business, in a quarter that also saw higher spending by card members.

  • Christie Pushes New Jersey Bail Changes

    In an unusual move amid Trenton's summer doldrums, New Jersey Gov. Chris Christie called a special session of the state legislature Thursday to consider changes to the state's bail system.

  • New Bank of England Deputy Is a Potential Guide on Interest Rates

    LONDON—Investors trying to pin down exactly when the Bank of England is going to raise interest rates in the U.K. should keep an eye on Ben Broadbent, Gov. Mark Carney's newest deputy.

  • Pfizer Still Looking to Buy

    Pfizer Inc. said Tuesday it was looking at potential deals, including big ones, after earlier dropping its pursuit of British rival AstraZeneca PLC.

  • Argentine Bond Standoff Puts U.S. Judge in Focus

    As Argentina hurtles toward a second default in 13 years, the local press has lit upon a convenient villain: 83-year-old U.S. District Judge Thomas Griesa.

  • U.S. Dollar Rises Against Major Rivals

    The dollar rose against the euro, yen and British pound on Tuesday amid signs of improved confidence in the U.S. economy and favorable bond yields.

  • Three Ways Investors Can Play the 'Inversion' Boom

    The latest trend in corporate takeovers—U.S. companies making foreign acquisitions that allow them to move to lower-tax countries—is driving up stock prices here and abroad.

  • Edwards Lifesciences Profit Soars

    Edwards Lifesciences Corp. said its second-quarter profit surged amid continued sales growth for the company's nonsurgical heart valves as well as a big one-time settlement-related gain.

  • U.S. Government Bonds Gain Ground

    Investors piled into government bond markets in the U.S., Germany and the U.K. on Tuesday as geopolitical worries boosted demand for haven assets.

  • Espírito Santo Units Probed for Abuse of Priviledged Information, Trust

    LISBON—Portuguese prosecutors are investigating suspected abuse of privileged information and trust within entities of troubled conglomerate Espírito Santo International SA, a spokeswoman for the prosecutor's office said on Tuesday.

  • Home Builders Venture Into Urban Areas

    A top executive of Lennar Corp. recently joined with officials from Weehawken, N.J., to celebrate the completion of the home builder's newest condominium complex, a luxury building across the Hudson River from New York City.

  • Orange Juice Drops to 5-Month Low on Weak Demand

    Orange-juice futures slumped to a five-month low on Tuesday as weak demand for the beverage trumped fears of a hurricane damaging Florida's next crop.

  • The Best 'Out of Office' Auto Reply Is One You Stick to

    "Set out-of-office message." It might as well be right under "Pack socks and underwear" on the vacation prep list.Those short auto replies are necessary to let everyone know you've gone offline and intend to unplug from work. Experts say ...

  • U.S. Oil Prices Fall After Kansas Refinery Fire

    NEW YORK—The benchmark U.S. and global oil contracts diverged Tuesday after a refinery fire in Kansas fueled concerns that U.S. crude-oil demand would fall.

  • Top Doctor Treating Ebola in Sierra Leone Dies

    FREETOWN, Sierra Leone—Authorities say the top doctor treating Ebola in Sierra Leone has died from the disease.Dr. Sheik Umar Khan had been hospitalized in quarantine since he contracted the virus that has killed more than 670 people across ...

  • Celebrities Struggle in Prepaid-Card Business

    Celebrities are having a tough time making it big in the prepaid-card business.Financial-advice personality Suze Orman and basketball legend Magic Johnson have shuttered their prepaid-card ventures. Rapper Lil Wayne has stopped accepting ...

  • Hockey Shtick

    If you thought former Secretary of Defense Robert Gates's tell-all memoir—published while Mr. Gates's former boss, Barack Obama, was still in office—was ill-timed, think again. Australians are now being treated to revelations about their ...

  • Donetsk Shelled as Ukraine Government Continues Offensive

    People come out from their houses after shelling in Donetsk. Government artillery fire struck the center of the rebel stronghold on Tuesday, marking the first time that fighting has reached into the heart of the eastern Ukrainian city. ...

  • Ventura Awarded $1.8 Million in Defamation Case

    ST. PAUL, Minn.—A jury awarded former Minnesota Gov. Jesse Ventura $1.8 million Tuesday in his lawsuit against the estate of "American Sniper" author Chris Kyle.

  • Ecclestone Offers $33.6 Million to End German Corruption Trial

    Defense lawyers for Formula One Magnate Bernie Ecclestone Tuesday offered to pay €25 million ($33.6 million) if a Munich court trying him for corruption drops the criminal case, one of the lawyers and a spokesman for the prosecutors said ...

  • NLRB Decision Could Make McDonald's Liable for Labor Practices of Franchisees

    The National Labor Relations Board has notified McDonald's Corp. that it will start allowing workers filing labor complaints to treat the fast-food giant as a "joint employer" with its franchisees, a decision that could make the company ...

  • U.S. Judge Approves One-Time Argentina Payment on Some Bonds

    BUENOS AIRES—The U.S. judge presiding over a high-stakes lawsuit involving defaulted Argentine debt has allowed Argentina to make a one-time payment this week on bonds issued under the South American country's law.

  • Osram Announces Cost Cuts, Job Cuts

    German light manufacturer Osram Licht AG announced restructuring measures aimed at cutting costs that will involve shedding some 7,800 jobs at home and abroad through 2017.

  • Corning Feels Pain of Weak Tablet Sales

    Corning Inc., maker of glass screens, became the latest company to feel the pain of slowing tablet sales, saying it had overestimated the market.

  • Eaton CEO Says No Plans to Spin Off Businesses

    Eaton Corp.'s chief executive said Tuesday the company's move to Ireland will block it from divesting businesses through tax-free spinoffs.Chairman and CEO Alexander Cutler said Eaton would face severe tax consequences for the next five ...

  • QBE Insurance Slumps on Profit Warning

    MELBOURNE, Australia—Argentina is proving a tough place to do business for foreign investors.As the South American country works to avoid a second debt default in 13 years, one of Australia's biggest insurers was dealing with a problem of a ...

  • Sarepta CEO Gives Up Some of His Broad Sway Over Management

    Sarepta Therapeutics Inc., which is seeking U.S. regulatory approval for a drug to treat a rare childhood disease, recently moved to limit Chief Executive Chris Garabedian's broad sway over operations, especially his role in discussions ...

  • West Africa Strains to Contain Ebola Virus

    Liberia's decision to close most of its borders on Monday illustrates how West African governments are struggling to prevent the spread of the extremely deadly Ebola virus, which has infected more than 1,000 people in three countries this ...

  • Renault Profit Surges Despite Fall in Revenue

    PARIS—Renault SA profit jumped in the first half, but the auto maker sounded a note of caution about future sales and currency swings in emerging markets, particularly Russia which faces new international sanctions.

  • A Gym's Search for the Next Zumba

    Gyms know the delicate mix of elements needed for a runaway hit class: It must pique interest with an intriguing back story, draw people in with a winning personality and keep them coming back with a bit of mystery. And it helps to appeal ...

  • How Europe's Good Intentions Harm Gaza

    JerusalemIn response to the latest outbreak of violence between Israel and Hamas, European leaders have issued the familiar calls for peace and made the usual four-hour pilgrimages to the region. Yet little has come out of this European ...

  • Gold Prices Fall on U.S. Interest-Rate Jitters

    Gold prices fell Tuesday, as concerns about a quicker-than-expected return to higher interest rates in the U.S. overshadowed escalating political tensions around the world, causing investors to sell the precious metal.

  • Notable & Quotable

    David Horovitz writing for the Times of Israel on July 27:The Netanyahu government has had no shortage of run-ins with Kerry in the mere 18 months he has held office. The prime minister publicly pleaded with him in November not to sign the ...

  • EU Probe Finds Crimes Against Humanity in Kosovo

    BRUSSELS—A European Union investigative team said Tuesday that it had found evidence of crimes against humanity committed by high-ranking members of the Kosovo Liberation Army during and after the war with Serbia in the late 1990s.

  • NSA Concerns Give Chinese Server Maker a Boost

    BEIJING—A Chinese company that once made computer accessories is seeking to rival International Business Machines Corp. as a top provider of big-ticket computer servers in China.

  • Moving Targets in Israel

    Shavei Zion, IsraelOn the 14th day of this war between Hamas and Israel, my husband Jonny and I had business in Tel Aviv, about 80 miles from our village in northern Israel. We wanted to avoid traffic so we rode on Jonny's Harley-Davidson ...

  • EU Sanctions Mark Shift From Go-Slow Approach With Moscow

    Days after the crash of Malaysia Airlines Flight 17, as the remains of some victims still lay strewn over Ukrainian farmland, German Foreign Minister Frank-Walter Steinmeier tried to reach his Russian counterpart, Sergei Lavrov, in a bid to ...

  • Donetsk Shelled As Ukraine Government Continues Offensive

    DONETSK, Ukraine—He was one of the people who have kept Donetsk clean, its parks tended and flower-beds watered, even as encroaching war upended everyday life in the city.

  • Energy Regulators Say EPA's Climate Rule Poses Grid Challenges

    WASHINGTON—President Barack Obama's proposed carbon-emissions rule for the nation's power plants will create new cost and reliability challenges for the U.S. electricity system, federal energy regulators told Congress Tuesday.

  • Israel Steps Up Attacks Against Hamas in Gaza

    Israeli forces pounded Hamas symbols of control and Gaza's only power plant on Tuesday in their heaviest bombardment of a three-week conflict in Gaza.

  • China Puts Ex-Security Chief Zhou Yongkang Under Investigation

    BEIJING—China launched a formal investigation into one of the Communist Party's most senior figures, lifting a cloak of immunity that has shielded the country's highest ranks for at least 25 years, in President Xi Jinping's boldest move yet ...

  • Eni Faces Pressure to Diversify Away from Geopolitical Risk in Africa

    MILAN—Claudio Descalzi spent much of his career helping build Italian oil giant Eni SpA into the biggest foreign producer of African crude.As Eni's new chief executive, he's now facing pressure to diversify away from a continent beset ...

  • Investor Keeps Pressing for PetSmart Sale

    Jana Partners LLC continued to call for PetSmart Inc. to consider a sale, saying that it would "not hesitate to seek significant board change" at the next annual meeting if the pet-supply retailer fails to act.

  • Progressives Target Rahmbo

    Illinois is exporting businesses to neighboring states and importing labor activists. Maybe liberals consider this "fair trade."Kristen Crowell, who directed the 2012 campaign to recall Wisconsin's GOP Gov. Scott Walker and state senators ...

  • Export-Import Bank Chairman Defends Anti-Fraud Investigations

    The U.S. Export-Import Bank has dismissed three employees in recent months and placed a fourth on administrative leave amid investigations into possible kickbacks and improper awards of government contracts, the agency's chief said Tuesday.

  • CORRECTION

    Russia's Czar Nicholas II was married to a granddaughter of Britain's Queen Victoria. The July 26 Declarations column mistakenly characterized his family background.

  • Just Let the Paintings Speak for the Artist

    Regarding Bruce Cole's "Narrow Windows" (Leisure & Arts, July 15) on the Andrew Wyeth show at the National Gallery: The way of understanding Wyeth's art is to have grown up in the Chadds Ford, Pa., area in the 1940s. A drive today ...

  • U.S. Could Have Funded Medicare

    In his otherwise informative "Heading Off the Entitlement Meltdown" (op-ed, July 22), Sen. Rob Portman repeats an oft-cited, but misleading, statistic regarding Medicare. He says that "the typical couple retiring next year will have paid ...

  • Respect Your Dog's Olfactory Sensitivity

    Dogs aren't dishes or bathtubs ("When Doing Chores, Is It Ever Too Early for a Cocktail?," page one, July 23). They are living creatures with very sensitive olfactory nerves. It is horrible for a dog to be covered with sweet-smelling ...

  • Barack Obama to Speak on Ukraine

    *President Obama Expected to Make Statement on Ukraine at 2:50 p.m. ET*Obama To Speak At White House(More to Come.)

  • Activist Casablanca Claims Victory in Battle Against Cliffs Natural Resources

    Activist investor Casablanca Capital LP proclaimed victory in its fight with iron-ore miner Cliffs Natural Resources Inc. on Tuesday, saying it had won a majority of the board in a shareholder vote.

  • Consumers OK with Data Limits on Wireless, But Not Wired Broadband

    WASHINGTON—Consumers are OK with caps on how much data they can download on their wireless devices every month, but are much more concerned about limits on their home Internet usage, a government watchdog agency has found.

  • Nobel Biocare Confirms It Is in Talks to Sell Itself

    ZURICH—Nobel Biocare Holding AG is in discussions to sell itself, the Swiss dental-implant maker said, a development that comes amid recent deals in the medical-device industry.

  • China Probes Microsoft Over Antimonopoly Issues

    BEIJING—China confirmed that officials are investigating whether Microsoft Corp. broke antimonopoly laws and called on the software company to make its executives available to investigators.

  • More Money Isn't the Answer to the VA's Many Problems

    Garry Augustine's "Aid Veterans Affairs By Nixing Budget Gimmickry" (op-ed, July 23) suggests the Department of Veterans Affairs' failures in caring for veterans stem from inadequate funding. This argument is extremely misleading.

  • Ordering Business to Do What Is in Their Advantage

    White House advisers Valerie Jarrett and Jason Furman state that "companies have found for decades that fair workplace policies are a cost-effective way to recruit, retain and motivate employees, including LGBT workers" ("Taking Action on ...

  • Aetna's Profit Rises Despite Higher Medical Costs

    Aetna Inc. said its second-quarter profit rose as the insurer posted record medical membership and revenue, but shares declined over concerns about its rising medical costs.

  • The 10-Point.

    Good morning,Vladimir Putin might be finally starting to feel the squeeze. Pro-Russia rebels in eastern Ukraine have experienced some of their worst battlefield setbacks in weeks, and Moscow is bracing itself for deeper international ...

  • Cheap Tablets Crack Corning's Stock

    Corning's high-profile Gorilla Glass business has slipped on a banana peel.Corning shares slumped sharply Tuesday after the company reported quarterly earnings per share that missed Wall Street's consensus forecast by all of a penny. The ...

  • Chinese Stocks Take Off

    China's stocks are soaring as people scoop up investments in one of the world's cheapest markets, encouraged by signs Asia's biggest economy has turned the corner and is starting to motor again.

  • Ukraine to Allow Experts Access to MH17 Crash Site Only When Fighting Stops

    The front line in the war between the Ukrainian government and pro-Russian separatists converged near the crash site of Malaysia Airlines Flight 17 on Tuesday, leaving international investigators with little hope of recovering more remains ...

  • Sprint Is Running Out of Breath

    The race to the bottom in wireless costs could be a marathon—something that bodes poorly for Sprint Corp.In a distant third place among the four major players in the U.S. market in terms of customers, its hopes hinge on teaming up with No. ...

  • Preparing Small-Business Owners for Retirement

    Small-business owners often are so busy working that they don't take time to plan for their retirements.But that is clearly a mistake, financial advisers say.

  • Airbus Cancels A380 Order From Japan's Skymark Airlines

    Airbus Group NV said Tuesday that it canceled an order from Japan's Skymark Airlines for six A380 superjumbo jets, the latest sign of the European plane maker's struggles to gain wide acceptance of the plane.

  • Paccar CEO: No Merger Talks With Volkswagen

    Paccar Inc. Chief Executive Ron Armstrong dismissed rumors that the maker of Peterbilt and Kenworth-brand commercial trucks in the U.S. is engaged in merger talks with Germany's Volkswagen AG.

  • Government Offices Attacked, Ethnic Han Killed in Far-Western China

    BEIJING—A large group of unknown assailants launched coordinated attacks on government and police buildings in China's far-western Xinjiang region on Monday, leaving dozens of people dead a day before the mostly Muslim area was set to ...

  • Ingrid Michaelson's Breakout Moment

    Singer-songwriter Ingrid Michaelson isn't backed by a big record label, gets her signature sound from a ukulele and has gone years without a hit. So what is she doing in the Top 40 with superstars like Katy Perry and Lorde?

  • Third Point LLC Briefly Reopening to More Money

    Third Point LLC is briefly reopening to more money as founder Daniel Loeb sees more investment opportunities, according to people familiar with the matter.

  • New Documentary Focuses on Director Robert Altman

    In 1966, tired of churning out television shows, Robert Altman made "Pot au Feu," a droll nine-minute film about one of his favorite activities. In the movie, people go about their everyday errands—a man shaves, women have their hair ...

  • Kerry: Netanyahu Raised Prospect of Cease-fire Monday Night

    WASHINGTON—While Israel was stepping up its attacks in Gaza on Monday, Israeli Prime Minister Benjamin Netanyahu raised the prospect of a "humanitarian cease-fire" in a phone call Monday night with U.S. Secretary of State John Kerry.

  • Kerry Seeks Warmer U.S. Ties With India

    The Obama administration is launching an initiative to reboot ties with India, a country of long-standing economic and strategic fascination to the U.S. that has nevertheless eluded close bonds with Washington.

  • Bill to Overhaul VA Heads to Full House, Senate

    WASHINGTON—House and Senate negotiators have approved a $17 billion compromise bill to overhaul the Department of Veterans Affairs.The vote by the 28-member conference committee late Monday sends the bill to the full House and Senate, where ...

  • What's News—

    Business & FinanceAustralia cleared Adani Group of India to build one of the world's largest coal mines, a move that comes amid a global supply glut of the commodity.

  • Deutsche Bank, UBS Sucked Into Dark-Pools Trading Probe

    LONDON—UBS AG and Deutsche Bank AG have been sucked into a widening investigation into alternative trading platforms, with both banks saying Tuesday that they're helping authorities with their probes.

  • Hedge Fund Elliott Meets Match in Singapore's OCBC

    Elliott Management Corp. isn't afraid to start a fight, making its name waging—and winning—activist battles around the world. But it may have picked the wrong fight against a Singaporean lender.

  • Canadian Government Reports Cyberattack

    Canada said on Tuesday that its research and technology agency recently experienced a cyberattack by "a highly sophisticated Chinese state-sponsored actor" that forced the department to take the extraordinary step of rebuilding its entire ...

  • The Rangers' Free-Agent Success Story

    A year ago today, the Rangers seemed to be starting from behind.Their new coach, Alain Vigneault, had been on the job for six weeks. Their goaltender, captain, top defenseman and two young centers were all entering the final years of their ...

  • Centrica Confirms Iain Conn is New CEO

    LONDON—U.K. utility Centrica PLC on Tuesday confirmed one of the City of London's worst-kept secrets: its new chief executive will be former top BP PLC executive Iain Conn.

  • McDonald's Japan Withdraws Guidance, Citing Chinese Scandal

    TOKYO—McDonald's Japan on Tuesday withdrew its financial guidance for 2014, citing lost sales and higher expenses caused by a scandal involving a Chinese chicken supplier.

  • UPS Profit Misses Expectations

    United Parcel Service Inc. posted disappointing second-quarter earnings due to higher spending and transportation costs and lowered full-year earnings projections as it invests more heavily than expected to avoid problems this holiday ...

  • Little Hope for Catalan Breakthrough as Leaders Prepare to Meet

    MADRID—Spain's prime minister and the secession-minded leader of the wealthy Catalonia region will meet Wednesday in a bid to head off a potential crisis over a planned Catalan referendum on independence in November.

  • Japan's Nomura Posts 70% Drop in Net Profit

    TOKYO—Is the party over?Net profit at Japan's top brokerage firms tumbled in the fiscal first quarter from a year earlier, when the financial sector rode the Tokyo stock market boom on enthusiasm for Prime Minister Shinzo Abe's economic ...

  • Klepierre to Buy Corio for $9.68 Billion

    PARIS—French real-estate firm Klépierre SA Tuesday offered to buy Dutch rival Corio NV for €7.2 billion ($9.68 billion), in a deal that could create Europe's largest shopping mall operator.

  • Ally Financial Swings to Profit

    Ally Financial Inc. swung to a profit in the second quarter as the firm bounced back from a year-ago quarter weighed down by a massive charge, while its core auto-lending business logged strong originations.

  • Private Schools Can Tackle Caste

    It's no secret that government schools in India are of poor quality. Yet few know that they are also breeding grounds for caste-based discrimination, with lower-caste students in government schools often asked to sit separately in the ...

  • The Poison of Protectionism

    You rightly criticize the U.S. government's imposition of punitive taxes on Americans who buy steel made outside of America ("Protectionists Steel Washington," Review & Outlook, July 17).

  • Hong Kong Administrators Should Stand Up for the People

    Hong Kong Chief Secretary for Administration Carrie Lam ("The Rules for Hong Kong Electoral Reform," op-ed, July 28) writes that if the upcoming plan to elect the Chief Executive by one-person, one-vote in 2017 fails to muster the required ...

  • Greece Shifts Venue of Troika Talks

    ATHENS—Greece's government will hold its next meeting with international lenders in Paris instead of Athens, a government official said Tuesday.

  • Powerful Cousin of Afghan President Karzai Killed in Kandahar

    A suicide bomber Tuesday assassinated a powerful cousin of outgoing Afghan President Hamid Karzai, a major blow to the country's ruling clan that risks further destabilizing the volatile south.

  • Ruble Slightly Stronger After Hitting 10-Week Low on Sanctions

    The ruble picked up slightly against the dollar after the European Union's fresh sanctions against Russia delivered no surprises.The currency had hit its weakest levels since early May earlier Tuesday, reflecting concerns that the sanctions ...

  • De Blasio: Regulate Elmo in Times Square

    The bevy of costumed characters who pose for photographs in exchange for money in Times Square should be licensed, New York City Mayor Bill de Blasio said Monday.

  • NCAA Settles Class-Action Lawsuit Over Head Injuries

    The NCAA will overhaul protocol for handling head injuries and provide $70 million for monitoring under a preliminary settlement in a class-action lawsuit brought by former college players.

  • Brazilian Agency Recommends Water Rationing in São Paulo State

    SÃO PAULO—Brazil's federal agency tasked with protecting the common good recommended Tuesday that water be rationed in the parts of São Paulo state most affected by the region's worst drought in decades.

  • Voices: Mike Miller, on the Benefits of Collaborative Divorce

    Voices is an occasional column that allows wealth managers to address issues of interest to the advisory community. Mike Miller is the founder of Integra Shield Financial Group in Plymouth, Minn.

  • Windstream Seeks to Cut Taxes by Forming a REIT

    Windstream Corp. said it intends to spin off some of its telecommunications network assets into an independent, publicly traded real estate investment trust, a move that comes as a wave of U.S. companies look for ways to lower their tax ...

  • What's News—

    Business & FinanceBankia, a barometer of Spain's nascent economic recovery, is likely to tap a new ECB credit program aimed at accelerating lending, the bank's finance chief said.

  • From the 1939 World's Fair to a 2014 Commute

    Liz Kopec, an attorney from Southington, Conn., on her 1939 Mercury 8 touring sedan, as told to A.J. Baime:My husband and I were driving to lunch one day when we saw a man pushing a car with a for-sale sign onto his lawn. The car looked ...

  • Honda Profit Jumps 20%, Lifts Outlook

    TOKYO—Honda Motor Co. on Tuesday lifted its full-year sales and profit forecasts, saying new models would help the company bounce back from a sluggish quarter in North America, its biggest market.

  • McGraw Hill Financial Results Top Views on Rating Service Strength

    McGraw Hill Financial Inc. said growing demand for bond grades issued from its Standard & Poor's Ratings Services unit drove a 15% growth in second-quarter profit, but executives acknowledged that continuing crisis-era litigation has ...

  • European Shares Reverse Losses

    European shares reversed earlier losses Tuesday, largely shrugging off fears surrounding the potential implications of additional sanctions on the Russian economy, even though jitters earlier in the session had spurred a wave of demand for ...

  • Home-Price Growth Slows Sharply, Case-Shiller Says

    Home prices across the U.S. slowed sharply to a single-digit pace in May on a year-over-year basis, the slowest rate since February 2013, according to a home-price report.

  • Al Qaeda-Linked Groups Increasingly Funded by Ransom

    Ransom increasingly fills the coffers of Islamic extremist groups in the Middle East and North Africa, U.S. and other Western officials said, with the payments often coming from a Persian Gulf or Western European government.

  • New Bill Calls For $659 Million to Deal With Influx of Children at Border

    WASHINGTON—House Republicans later today will release a bill providing $659 million over two months to help deal with the influx of Central American children and families crossing the border.

  • Northern California Wildfire Close to Extinguishment

    SHINGLE SPRINGS, Calif.—A Northern California wildfire that destroyed 19 homes was 80% contained as of Tuesday morning, officials said.The blaze in the Sierra Nevada foothills east of Sacramento is expected to be fully contained by Friday, ...

  • Italy Denies Sending Aircraft to Fight Blaze Near Tripoli

    MILAN—Italy's foreign ministry denied Tuesday having sent aircraft to fight a huge blaze near Tripoli, although Rome is still considering how to help the local population affected by the fire.

  • BOJ Board Member Voices Concern About Consumption, Exports

    SHIMONOSEKI, Japan—A member of the Bank of Japan's policy board expressed concerns Tuesday about the strength of Japan's economic recovery following tepid household spending data earlier in the day, suggesting the central bank is cautious ...

  • WH Group Raises $2.05 Billion in Hong Kong IPO

    HONG KONG—Pork producer WH Group Ltd. raised US$2.05 billion in its second attempt at an initial public offering amid a recent rally in Asian shares.

  • BP Results Show Rewards, Risks of Russian Tie

    LONDON—BP PLC reported earnings Tuesday that show the rewards and risks of doing business in Russia.The British energy giant reported a rise in second-quarter profit due largely to its nearly 20% stake in Russian state-controlled oil ...

  • U.S. Consumer Confidence Rises

    U.S. consumers turned more upbeat about the economy this month, according to a report released Tuesday. Better sentiment about job availability supports expectations for a good increase in July payrolls.

  • Military Exercises Result in Glut of Canceled Flights in China

    Chinese aviation authorities asked airlines to reduce flight traffic by as much as 75% at two of the country's busiest airports Tuesday, the latest air-travel disruption because of military exercises along China's southeastern coast.

  • Record Demand for U.K. Bond Despite Negative Yield

    A sale of a U.K. inflation-linked bond fetched record demand Tuesday, despite the negative yield on offer.The launch of the new £5 billion ($8.49 billion) bond maturing in 2058 attracted more than £14 billion of orders, the U.K.'s debt ...

  • Entergy Profit Rises, Led By Wholesale Commodities Strength

    Entergy Corp. said its second-quarter earnings rose 16%, led by strength at its wholesale commodities businesses.Entergy, based in New Orleans, owns utilities in Arkansas, Louisiana, Mississippi and Texas and sells power on the wholesale ...

  • J.P. Morgan Cutting Hundreds in Tech Support

    J.P. Morgan Chase & Co. is cutting hundreds of technology support employees in its corporate and investment bank as part of an overall push to trim expenses as the bank battles sluggish revenue, a person familiar with the matter said.

  • U.S. Court Orders Seizure of $100 Million Kurdish Oil Cargo

    A U.S. court has ordered U.S. Marshals to seize a $100 million cargo of Kurdish oil on a tanker off the coast of Galveston, Texas, if it is brought ashore, adding a new twist to the long-standing dispute between Baghdad and the Kurdistan ...

  • China Targets Former Chairman of Weetabix Owner in Anticorruption Drive

    BEIJING—Chinese officials have launched an investigation into a former chairman of the Chinese owner of Weetabix breakfast cereal amid an anticorruption campaign that is spreading across business sectors in the country.

  • Nixon's Exit, Set to Music

    John W. Dean was White House counsel from 1970 to 1973 and was a figure in the Watergate scandal. His new book is "The Nixon Defense: What He Knew and When He Knew It" (Viking). He spoke with Marc Myers.

  • India Telecom Bharti's Profit Rises

    Bharti Airtel Ltd., India's largest telecommunications company by users, said Tuesday its profit surged last quarter as Indians spent more time surfing the Internet on their cellphones.

  • Deutsche Bank Reports Rise in Pretax Profit

    FRANKFURT—Deutsche Bank AG on Tuesday said it is making progress with its strategy as it posted an unexpectedly strong set of second quarter figures, but also revealed yet another investigation into its activities.

  • Spanish Police Arrest 84 in Probe of Nigerian Scam

    MADRID—Spanish police said Tuesday they have arrested 84 people who are accused of taking place in a criminal ring that may have laundered €11.5 million euros ($15.5 million) in proceeds from the so-called Nigerian scam, a popular ...

  • Russia Signals Prepared to Target Western Companies

    MOSCOW—As the European Union moves to slap broader, sector-wide sanctions on Russia on Tuesday, Moscow signaled it is preparing to strike back economically by targeting Western companies that do business in Russia.

  • Canadian Solar, Trina Solar Voice Displeasure at U.S. Move on Imports

    Canadian Solar Inc. and Trina Solar Ltd. on Tuesday became the latest foreign solar companies to voice displeasure over potentially hefty antidumping tariffs on certain photovoltaic cells imported by the U.S.

  • Plane and Airport Incidents Could Raise Aircraft-Insurance Rates

    LONDON—The downing of Malaysia Airlines Flight 17 and a series of attacks on airports that have destroyed or damaged planes on the ground threaten to hike aircraft-insurance rates.

  • CFTC Fines J.P. Morgan Securities $650,000 for Inaccurate Reporting

    The U.S. Commodity Futures Trading Commission on Tuesday imposed a $650,000 civil penalty on J.P. Morgan Chase & Co., alleging that one of the bank's subsidiaries submitted inaccurate reports to the regulator about the required ...

  • Sri Lanka's Top Batsman Returns to Form

    Sri Lanka came crashing back to earth after its triumphant 1-0 Test series win in England with a 1-0 home defeat to South Africa, failing to force a win in the second Test. The visitors pulled off a feat of epic blocking to finish with ...

  • Merck's Sales Fall, but Its Confidence Rises

    Merck & Co. said its second-quarter sales fell slightly to $10.9 billion as its medicines faced competition from generics and new rivals.

  • BlackBerry to Acquire German Encryption Technology Company

    TORONTO—BlackBerry Ltd. Tuesday agreed to acquire Germany's Secusmart GmbH for an undisclosed amount to further bolster its mobile security offerings for companies and governments.

  • Taking Budget Cuts for a Test Drive

    The husband and wife, in their early 60s, were retired and used to having a big budget for things like entertaining, dining out and vacations.

  • Toyota Sees Thailand Coup as Turning Point in Halting Sales Plunge

    BANGKOK—Thailand's lucrative automotive industry has yet to recover from months of political instability, with Toyota's local arm forecasting Tuesday that its own annual sales in 2014 would drop 25.9% year-over-year to 330,000 units.

  • The Pitchers Who Drive Ticket Sales the Most

    When New York Yankees pitcher Masahiro Tanaka was diagnosed with a tear in his right elbow ligament earlier this month, the damage to his team was obvious. With a 12-4 record and 2.51 earned-run average, Tanaka had been easily the Yankees' ...

  • Swiss Property Market Starts to Cool

    ZURICH—Signs are emerging that the recent price boom in Switzerland's property market is starting to ease as the government, the central bank and banks toughen up their lending rules.

  • Dividends Divide UBS and Deutsche

    In uncertain times, cash is king. For financial companies that means dividends.This is one explanation for the difference in valuation between UBS and Deutsche Bank.

  • Foxconn Confirms Death of Employee in Shenzhen

    HONG KONG—An employee working for the contract manufacturer Foxconn died in Shenzhen, China, the company said Tuesday.Foxconn, known officially as Hon Hai Precision Industry Co., said the company was informed by police in Shenzhen that a ...

  • Apple Cuts Price on MacBook Pro by $100

    Apple Inc. lowered the starting prices for its 13-inch MacBook Pro and its larger, high-end version with retina display by $100, while also unveiling upgrades to the notebooks with retina display.

  • Turner TV Tops Time Warner's To-Do List

    If Time Warner Inc. CEO Jeff Bewkes is to fight off 21st Century Fox's takeover advances, he must show his media company would be better off on its own. Key to this is fixing the Turner Broadcasting unit, which houses TNT, TBS and CNN, and ...

  • Canada Withdraws Staff From Libya

    The Canadian government said it has temporarily removed staff from Libya for security reasons.The move comes after the U.S. over the weekend evacuated its personnel from Tripoli as fighting between warring militias in Libya reached the ...

  • Risks from BP's Russian Connections

    BP's business is heading in the right direction. But investors must brace for an increasingly chill wind from the east.The U.K. oil and gas giant's solid first-half results were overshadowed by the escalating tensions between the West and ...

  • Oplink to Explore Segment Sale Following Activist Pressure

    Oplink Communications Inc. said Tuesday that it would evaluate strategic alternatives for its Connected business, including a possible sale, weeks after activist investors urged shedding the unit.

  • Chesapeake to Raise Powder River Basin Exposure

    Chesapeake Energy Corp. agreed to an asset exchange with RKI Exploration & Production LLC, which the oil-and-gas company expects will increase its exposure in the Powder River Basin of Wyoming.

  • HCA Holdings Profit Rises 14%

    HCA Holdings Inc. said its second-quarter earnings rose 14% as the hospital operator reported a rebound in admissions and benefits from the U.S. health-care policy overhaul.

  • In Wing Hang Fight, Elliott Backs Away

    Elliott Management blinked. Investors don't hear that one too often.The $25 billion hedge-fund manager backed down from its standoff to extract more value from Oversea-Chinese Banking Corp.'s takeover bid for Hong Kong's Wing Hang Bank. ...

  • Huawei Smartphone Shipments Rise on Overseas Demand

    Huawei Technologies Co. of China said its smartphone shipments rose 62% in the first half of this year, helped by strong demand in overseas markets such as Latin America and the Middle East for new handsets that work on faster-speed ...

  • New York Times Profit Slips

    New York Times Co. said its second-quarter profit declined as lower print advertising revenue offset increases in digital advertising and circulation revenue.

  • Talisman Posts Surprise Loss

    Talisman Energy Inc. swung to a surprise second-quarter loss, hurt by sliding gas prices, while cash flow and revenue improved on stronger production.

  • Fresh Del Monte Profit Rises 3.7%

    Fresh Del Monte Produce Inc. said its second-quarter earnings edged up 3.7% on stronger sales of bananas, fresh produce and prepared foods.The fresh fruit and vegetable sector is facing stepped-up competition amid the planned $1.07 billion ...

  • Oracle Extends Offer After Low Response From Micros Holders

    Oracle Corp. said Tuesday that it would extend the deadline for its tender offer for shares of Micros Systems Inc. after seeing a low response rate from Micros shareholders.

  • Illinois Tool Works Profit Surges

    Illinois Tool Works Inc. said its second-quarter earnings soared as the diversified manufacturer posted stronger revenue and margins, amid sales growth at four of its seven main business segments.

  • DineEquity Earnings Rise on Improved Sales

    DineEquity Inc. said its second-quarter profit improved as the restaurant operator recorded sales growth in both its IHOP and Applebee's chains.

  • Reynolds American Profit Improves

    Reynolds American Inc. said its second-quarter profit climbed 6.7% as higher cigarette and moist-snuff pricing helped offset lower cigarette volumes.

  • Waste Management to Sell Wheelabrator for $1.94 Billion

    Waste Management Inc. agreed to sell its Wheelabrator Technologies Inc. waste-to-energy business to Energy Capital Partners for $1.94 billion as the trash haulder and recycler also reported lower second-quarter earnings.

  • U.K. Retail's 'Ramadan Rush' Goes Mass-Market

    LONDON—The "Ramadan rush" isn't just for luxury retailers anymore.Gift buying around the Muslim holy month of Ramadan, just ending Monday with the start of the three-day Eid al-Fitr celebration, has long drawn well-heeled Muslim tourists ...

  • Ranbaxy Labs Narrows Losses

    NEW DELHI—Indian drug maker Ranbaxy Laboratories Ltd. reported a net loss of 1.86 billion rupees ($30.9 million) for the quarter ended June 30 amid trouble with U.S. regulators.

  • Paccar Profit Rises 9.5%

    Paccar Inc. said its second-quarter earnings rose 9.5% on strong demand for the company's commercial trucks and parts.The company is the second-largest heavy-duty truck manufacturer in North America based on sales volume, behind Daimler ...

  • Wynn Resorts Profit Jumps as Margin, Revenue Grow

    Wynn Resorts Ltd. said its second-quarter earnings grew 57%, as margins grew and the company's Macau and Las Vegas operations both posted revenue growth.

  • Level 3 Reports Profit on Gains in Network Services Revenue

    Level 3 Communications Inc. said it swung to a profit in the second quarter, driven by gains in its core network services revenue in North and Latin America.

  • Thai Military Approves $75 Billion Transport Plan

    BANGKOK—Thailand's ruling military approved a $75 billion master plan Tuesday to upgrade the country's transport infrastructure over the next eight years.

  • Martha Stewart Cuts Way to Profit

    Martha Stewart Living Omnimedia Inc. swung to a second-quarter profit as the company managed to cut expenses, masking continued revenue declines.

  • Nielsen Revenue Jumps 15%, Beats Expectations

    Nielsen N.V. said its second-quarter revenue shot 15% higher, driven by both its watch and buy segments.The consumer research company beat market expectations for earnings and revenue.

  • What's News: World-Wide

    Ukrainian rebels suffered some of their worst battlefield setbacks in weeks and the U.S. and EU agreed on tough sanctions on Russia.Investigators are skeptical that the remaining debris from the Malaysian jet will yield new clues as ...

  • What's News: Business & Finance

    Dollar Tree agreed to buy rival Family Dollar for about $8.5 billion as the battle for the country's poorest consumers intensified.BofA's talks with the U.S. have hit a snag over whether the bank should pay a cash fine for the dealings of ...

  • Revenue Gains Drive Marsh & McLennan to Earnings Growth

    Marsh & McLennan Cos. said its second-quarter profit rose 11% as the professional-services company experienced revenue growth in its insurance and consulting operations.

  • International Paper Profit Falls Amid Charges, Revenue Decline

    International Paper Co. said its second-quarter profit fell as the paper company recorded restructuring charges and a drop in revenue.Operating earnings, however, improved.

  • Sirius XM Profit Falls 4.4% as Expenses Rise

    Sirius XM Holdings Inc.'s second-quarter profit fell 4.4% as higher operating expenses offset a notable gain in revenue and net subscribers.

  • UBS Reports Rise in Second-Quarter Profit

    ZURICH—UBS AG on Tuesday posted a gain in second-quarter profit, even as Switzerland's largest bank agreed to pay a legal settlement in Germany and disclosed U.S. probes into its dark pool alternative-trading system.

  • Hyundai Heavy Posts Worst Quarterly Loss

    SEOUL—South Korea's Hyundai Heavy Industries Co. posted its worst quarterly loss ever, hurt by a stronger local currency and discounts it has offered since last year to prop up sales amid a slowdown in the global shipbuilding industry.

  • Australia Issues Arrest Warrants for Two Citizens Fighting in Syria

    CANBERRA, Australia—Australian police Tuesday issued arrest warrants for two Australian citizens the government accuses of fighting for the Islamic State of Iraq and al-Sham and photographing the severed heads of Syrian soldiers.

  • Sarah Palin Launches Her Own Subscription Channel

    Sarah Palin, former Alaskan governor, current Fox News contributor and frequent critic of the "lamestream media," is the latest media personality to try to bypass the traditional media ecosystem by launching her own online subscription ...

  • Startups Uber and Airbnb Court Business Travelers

    Airbnb Inc. and Uber Technologies Inc. popularized the concept of a "sharing economy," where regular consumers share things like car rides and apartments. Now they are sprucing up their services to appeal to the buttoned-up business ...

  • Global Inflation Eases in June

    Consumer prices rose at a slightly slower pace across most of the world's largest economies in June, while falling food and steady energy prices left Europe alone in confronting very low inflation.

  • Moody's Upgrades Vietnam Credit Ratings

    Moody's Investors Service upgraded the ratings of Vietnam on Tuesday, citing the country's emerging track record of macroeconomic stability.

  • France's Orange Helped by Cost Cuts

    PARIS—Orange SA Tuesday said it would continue to cut costs to stem falling revenues in its home market, highlighting the group's battle to shore up profits in a market where competition is set to remain stiff for some time.

  • France's Orange Helped by Cost Cuts

    PARIS—Orange SA Tuesday said it would continue to cut costs to stem falling revenues in its home market, highlighting the group's battle to shore up profits in a market where competition is set to remain stiff for some time.

  • Asian Shares Gain on Corporate Earnings

    Asian stocks rose broadly Tuesday, led by gains in Hong Kong property stocks.The city's Hang Seng Index rose 0.9% to 24,640.52, extending its winning streak to a sixth session as blue-chip property shares continued to charge higher. China ...

  • Bank of Cyprus Approves $1.34 Billion Capital Increase

    NICOSIA, Cyprus—The board of directors at Cyprus's biggest bank approved a €1 billion capital increase Monday, senior officials at the bank said, in an effort to shore up the troubled lender ahead of a key stress test of its finances later ...

  • Israel Says It Is Escalating Gaza Campaign

    Israel's leaders said they were escalating the military campaign in Gaza and told the country to prepare for a prolonged operation, defying international demands for an immediate cease-fire after Hamas militants broke a Muslim holiday lull.

  • Linde Net Profit Slips

    FRANKFURT—German industrial gas company Linde AG said second-quarter net profit was hit by adverse exchange-rate effects and competitive U.S. government healthcare tenders, but confirmed its outlook for the full year.

  • European Commission Approves Roche Leukemia Treatment

    ZURICH—Roche AG said Tuesday that the European Commission has approved its Gazyvaro treatment for chronic lymphocytic leukemia, the most common form of the disease.

  • Fonterra Cuts Forecast on Dairy Farmer Payouts

    WELLINGTON, New Zealand—Fonterra Co-Operative Group Ltd. on Tuesday lowered its forecast for payouts to farmers amid declines in global dairy prices, a move that sent the New Zealand dollar tumbling.

  • Faurecia Raises Full-Year Profit Margin Goal

    PARIS—French auto parts maker Faurecia slightly raised its full-year profit margin target Tuesday as sales in the first half of the year rose more strongly than expected helped by robust growth in automobile production in Asia and Europe.

  • Aecom to Buy Hunt Construction Group

    Engineering firm Aecom Technology Corp. has acquired Hunt Construction Group, a construction-management company that specializes in stadium work, Aecom's second announced takeover in as many weeks.

  • Moody's Upgrades Vietnam Credit Ratings

    Moody's Investors Service upgraded the ratings of Vietnam on Tuesday, citing the country's emerging track record of macroeconomic stability.

  • France's Orange Helped by Cost Cuts

    PARIS—Orange SA Tuesday said it would continue to cut costs to stem falling revenues in its home market, highlighting the group's battle to shore up profits in a market where competition is set to remain stiff for some time.

  • Asian Shares Gain on Corporate Earnings

    Asian stocks rose broadly Tuesday, led by gains in Hong Kong property stocks.The city's Hang Seng Index rose 0.9% to 24,640.52, extending its winning streak to a sixth session as blue-chip property shares continued to charge higher. China ...

  • Bank of Cyprus Approves $1.34 Billion Capital Increase

    NICOSIA, Cyprus—The board of directors at Cyprus's biggest bank approved a €1 billion capital increase Monday, senior officials at the bank said, in an effort to shore up the troubled lender ahead of a key stress test of its finances later ...

  • Israel Says It Is Escalating Gaza Campaign

    Israel's leaders said they were escalating the military campaign in Gaza and told the country to prepare for a prolonged operation, defying international demands for an immediate cease-fire after Hamas militants broke a Muslim holiday lull.

  • Linde Net Profit Slips

    FRANKFURT—German industrial gas company Linde AG said second-quarter net profit was hit by adverse exchange-rate effects and competitive U.S. government healthcare tenders, but confirmed its outlook for the full year.

  • European Commission Approves Roche Leukemia Treatment

    ZURICH—Roche AG said Tuesday that the European Commission has approved its Gazyvaro treatment for chronic lymphocytic leukemia, the most common form of the disease.

  • Fonterra Cuts Forecast on Dairy Farmer Payouts

    WELLINGTON, New Zealand—Fonterra Co-Operative Group Ltd. on Tuesday lowered its forecast for payouts to farmers amid declines in global dairy prices, a move that sent the New Zealand dollar tumbling.

  • Faurecia Raises Full-Year Profit Margin Goal

    PARIS—French auto parts maker Faurecia slightly raised its full-year profit margin target Tuesday as sales in the first half of the year rose more strongly than expected helped by robust growth in automobile production in Asia and Europe.

  • Aecom to Buy Hunt Construction Group

    Engineering firm Aecom Technology Corp. has acquired Hunt Construction Group, a construction-management company that specializes in stadium work, Aecom's second announced takeover in as many weeks.

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