News Archive for July 22, 2014

  • Appeals Courts Issue Conflicting Rulings on Health-Law Subsidies

    Two U.S. appeals courts issued conflicting rulings on whether consumers can get subsidies for health coverage bought on the Affordable Care Act's federal exchange, escalating a legal battle that could complicate fall insurance enrollment ...

  • U.S. Officials Lay Out Case Against Russians

    U.S. intelligence officials presented reporters with their most detailed case yet Tuesday that Russian-backed Ukrainian separatists shot down a Malaysia Airlines jetliner last week, in a bid to counter what American officials see as Russian ...

  • Fictitious Applicants Able to Get U.S. Health-Insurance Tax Credits

    Fictitious applicants who went on the federal exchange set up under the Affordable Care Act were able to fraudulently get approved for coverage and health-insurance tax credits, according to a new report.

  • Recreational Marijuana Qualifies for Oregon Ballot

    SALEM, Ore.—Oregon voters will decide whether to legalize marijuana for recreational use after state elections officials on Tuesday said the measure qualified for the November ballot.

  • New Consoles Boost Electronic Arts

    Electronic Arts Inc. reported solid profit growth in its fiscal first quarter, benefiting as consumers snapped up videogames for the latest generation of consoles.

  • For de Blasio, Capri Is 'an Incredible Place'

    CAPRI, Italy—New York City Mayor Bill de Blasio has cultivated a down-to-earth image as a politician who stands up for the poor, but here on this scenic Mediterranean island, there is opulence at every turn.

  • Europe Toughens Sanctions on Russia

    BRUSSELS—European Union foreign ministers on Tuesday toughened sanctions on Russia following the crash of Malaysia Airlines Flight 17 in eastern Ukraine, but they avoided adopting an immediate broad arms embargo, suggesting a split over ...

  • Study Finds New Cancer Risk from Hysterectomy Device

    A surgical device commonly used in hysterectomies has the potential to spread more types of cancer in a woman's body than previously thought, new research released Tuesday shows.

  • NYPD Orders New Training in Use of ForceNYPD Orders New Training in Use of Force

    Every New York Police Department officer will be retrained in the use of force following the death of a Staten Island man after an officer subdued him with an apparent chokehold, Commissioner William Bratton said Tuesday.

  • U.S. Bars Flights to Tel Aviv After Rocket Hits Nearby

    The U.S. barred flights to Israel's main international airport outside Tel Aviv for at least 24 hours after a rocket from Gaza landed nearby, prompting Israel to angrily brand the ban a boon to Hamas's efforts to isolate the country.

  • Congress Is Split on Taxing of Corporate Inversions

    WASHINGTON—Lawmakers widely concerned about the wave of companies reincorporating overseas to avoid U.S. taxes split along partisan lines Tuesday over whether any legislation should take aim at businesses that have already relocated.

  • Perdue Edges Out Kingston in GOP Senate Runoff in Georgia

    ATLANTA—Multimillionaire businessman David Perdue seized the Republican nomination for the U.S. Senate in Georgia on Tuesday night, and must now pivot toward the November general election that could help decide whether Democrats maintain ...

  • Yankees Hope Chase Headley Can Help, Even If He's Not A-Rod

    In the winter after the 2012 season, Chase Headley was coming off an MVP-caliber year at third base for the San Diego Padres. Yankee general manager Brian Cashman made a few calls in an effort to gauge a price for the coveted young slugger. ...

  • Cities Offer Shelter to Migrant Minors

    Leaders of several U.S. cities and at least one state have offered to take in some of the thousands of unaccompanied minors from Central America who have swarmed the southern U.S. border in recent months. The invitations follow vocal ...

  • Connecticut Supreme Court to Revisit Protection for Whistleblowers

    Connecticut's highest court is set later this year to weigh in on a case against UBS AG that could limit protections for whistleblowers in the state, a stronghold for the financial sector.

  • WSJ Takes Some Computer Systems Offline After Cyber Intrusion

    Computer systems housing The Wall Street Journal's news graphics were hacked by outside parties, according to Journal publisher Dow Jones & Co.

  • Iraqi Leader Maliki Loses Backing of Shiite Figure and Iran for New Term

    BAGHDAD—Iraqi Prime Minister Nouri al-Maliki is losing political support for his bid for a third term from core backers, including the country's Shiite religious establishment and ally Iran, say Iraqi officials.

  • A Radical Realignment Plan for College Football

    The question of who plays whom in college football is a lot trickier than it sounds. It drove the last wave of conference realignment, and it may come roaring back next month, with the NCAA leadership deciding whether to offer its five ...

  • A Warm Welcome From de Blasio's Ancestral Hometowns

    SANT'AGATA DE' GOTI, Italy—Bill de Blasio may have faced disgruntlement in his own city for taking a vacation abroad, but in the little Italian towns of his ancestors, the New York mayor can expect a warm and spirited embrace.

  • Some Governors Face Fallout Over Health Law Ruling

    The prospect of millions of people losing federal tax credits they obtained under the health law places some governors and legislators in a tough spot in the run-up to this fall's elections.

  • Giants Face Criticism Over Hiring of Tyree as Director of Development

    Giants Super Bowl hero David Tyree is returning to the team, but not as a wide receiver or coach. Instead, the 34-year-old native of Livingston, N.J., will serve as the Giants' director of player development, replacing Charles Way, the ...

  • For Apple, iPhone Roars and iPad Whimpers

    Ahead of a refresh of the iPhone, Apple Inc. reported 12% profit growth and strong sales of its current handset, especially in markets far afield from its traditional customer base in the U.S.

  • McDonald's Expects Further Challenges

    McDonald's Corp. is trying to fix the fundamentals of its business as it plans for continued weakness in the second half of the year.The company, which on Tuesday posted quarterly results that fell short of expectations, said it expects ...

  • Chinese Stock Buyers Lift Borrowing Costs

    SHANGHAI—Chinese investors eager to snap up initial public offerings in the hope of first-day pops are borrowing in order to invest, adding pressure to the financial system.

  • Idea to Close Indian Point Fires Debate

    CORTLANDT MANOR, N.Y.—Sharply divergent views emerged here Tuesday at a hearing on New York state regulators' proposal to close Indian Point Energy Center for weeks or months at a time to safegu

  • Typhoon Halts Flights, Market Trading in Taiwan

    TAIPEI—Taiwan's financial markets and schools will be closed on Wednesday as the island braces for increasingly strong winds and rainfall from Typhoon Matmot.

  • Danone Weighs Expansion Opportunities

    PARIS—Danone SA has launched a strategic review as Chief Executive Franck Riboud seeks to ensure its long-term growth, amid renewed speculation over whether the French dairy group can survive as a stand-alone company.

  • Hardaway Could Be Good Trade Chip for Knicks

    With Carmelo Anthony locked up for the next few years, and several other contributors on their way to New York via a recent trade with Dallas, it may appear that the Knicks' roster is settled for the coming 2014-15 season. But the team ...

  • Support in Israel for Gaza Operation Remains Strong, Despite Soldiers' Deaths

    Hundreds of mourners were gathered around the flag-draped casket of Tal Yifrach, a 21-year-old Israeli infantryman killed in the Gaza Strip, when an announcement unsettled the weeping and solemn crowd.

  • Newark Police Practices Will Be Overhauled, Monitored

    The Newark Police Department will be overhauled and will come under federal oversight from an independent monitor after a Justice Department investigation found officers have routinely violated citizens' constitutional rights, officials ...

  • Clippers Could Lose Coach, Sponsors If Sterling Stays, Interim CEO Says

    LOS ANGELES—The interim chief executive of the Los Angeles Clippers said Tuesday that embattled owner Donald Sterling's reputation has become so unfavorable that the team could lose its head coach, season ticket holders and corporate ...

  • Herbalife Rallies in Face of New Attack by Ackman

    William Ackman had promised a "death blow" against Herbalife Ltd. Wall Street instead gave new life to the nutritional-supplement company's stock.

  • Don't Blame the Dancers

    New YorkIn 1969, Yuri Grigorovich, then the Bolshoi Ballet's artistic director and chief choreographer, presented an updated version of "Swan Lake" at Moscow's Bolshoi Theater, where the world-famous ballet was first performed in 1877. Mr. ...

  • Deutsche Bank Suffers From Litany of Reporting Problems, Regulators Said

    An examination by the Federal Reserve Bank of New York found that Deutsche Bank AG's giant U.S. operations suffer from a litany of serious financial-reporting problems that the lender has known about for years but not fixed, according to ...

  • From Pinball to Percussion, Plus an Ethopian Pop Star

    'Hommy: A Latin Opera'Lincoln Center, Damrosch Park Bandshell70 Lincoln Center Plaza(212) 875-5456WednesdayLarry Harlow was an original mastermind of Fania Records, a storied New York salsa label for which he produced more than 200 albums ...

  • Bloomberg Heads to Israel to Protest U.S. Flight Ban

    Former New York City Mayor Michael R. Bloomberg was poised to take a flight to Israel late Tuesday to protest a U.S. government decision to impose restrictions on flying into the Mideast nation's main international airport.

  • Joko Widodo Wins Indonesia Presidential Election

    JAKARTA, Indonesia—Jakarta Gov. Joko Widodo was declared the winner of Indonesia's presidential election, ending weeks of uncertainty in the wake of a hard-fought contest in the Southeast Asian nation.

  • VA Nominee Gets Warm Reception at Confirmation Hearing

    WASHINGTON—Members of the Senate Committee on Veterans' Affairs indicated Tuesday they would endorse Robert McDonald, President Barack Obama's nominee to take over the VA. A committee vote could come as soon as Wednesday and a full Senate ...

  • Turkey Detains Police Chiefs Over Cabinet Corruption Charges

    ISTANBUL—Turkey detained dozens of police officers who had helped bring corruption charges against political allies of Prime Minister Recep Tayyip Erdogan, which the premiere has called a coup plot against his government.

  • Three Mass Graves Discovered in Uganda

    KAMPALA, Uganda—Ugandan authorities discovered three mass graves containing remains of victims of recent clashes over land rights in the oil-rich Lake Albertine Rift basin, threatening to escalate simmering tribal tensions in the region.

  • Asian Shares Rise

    Asian shares rose on Wednesday, as gains in mining stocks helped Australia hit a six-year high.Australia's S&P/ASX 200 added 0.6% as regional sentiment was helped by a positive session on Wall Street overnight. The S&P 500 hit an ...

  • Soybean Shift Pressures DuPont

    Farmers' preference for planting soybeans over corn will continue to challenge DuPont Co., one of the world's largest sellers of high-tech seeds, executives said Tuesday.

  • New York Bartenders Find Inspiration in New Orleans

    NEW ORLEANS—How many bartenders does it take to drink nearly 11,000 bottles of liquor?Answer: 15,000 to 17,000.That's the number of mixologists, brand ambassadors, distillers and others who attended Tales of the Cocktail, the annual drinks ...

  • Condo Builder Warms Up to Historic District

    A funny thing happened to Toll Brothers as the development firm prepared to market its new luxury condominiums on Park Avenue: It discovered the virtues of New York City's historic districts.

  • Soloist Kristina Kretova Gets a Big Break in 'Don Quixote'

    With no shows scheduled on Monday, the Bolshoi Ballet had a day off from its Lincoln Center Festival run. Most company members went to the beach, said leading soloist Kristina Kretova. But she was staying behind.

  • Bet on Failed Bank Creates Windfall

    An investment group backed by John Paulson, George Soros, Michael Dell and Christopher Flowers stands to gain more than $3 billion from a bet made on a failed lender during the depths of the financial crisis.

  • Coca-Cola's Earnings, Revenue Slide

    Coca-Cola Co.'s soda volumes returned to growth in the second quarter, yet profit and revenue slipped on weaker foreign currencies and higher marketing costs.

  • Chinese Authorities Say Shanghai Husi Food Violations Company-Led

    BEIJING—Chinese food safety officials accused a U.S.-owned Chinese meat supplier for signing off on sales of expired meat in rules violations that have affected the operations of fast food chains such as McDonald's Corp. and Burger King ...

  • Arrest Made in Cold-Case Murders From 1990s

    DNA evidence led to a break in the cold-case murders of two women found beaten and strangled in wooded areas of Long Island in the 1990s, authorities said.

  • Comcast Broadband Gains Could Cause Deal Strain

    When it comes to broadband, Comcast doesn't seem to be holding back.The cable company said Tuesday that it added 203,000 high-speed Internet subscribers in the second quarter, a 6.4% increase from the year-earlier period. Comcast attributed ...

  • Obama Administration to Revise Part of Contraception Rule

    The Obama administration said Tuesday it will revise a compromise arrangement for religiously affiliated universities and charities that object to providing contraception in workers' health insurance plans, in response to a Supreme Court ...

  • When Doing Chores, Is It Ever Too Early for a Cocktail

    Jenny, a golden retriever, has never sipped a daiquiri, but her owner likes her to smell like one.Once a month, Mike Sunseri bathes his dog with daiquiri, piña colada or cosmopolitan-scented shampoo, part of the Barktini Blends line made by ...

  • Broadcom Says It Will Cut 2,500 Jobs

    Broadcom Corp. said about 2,500 employees will lose their jobs as it moves to wind down rather than sell an operation that had been making baseband chips for mobile devices.

  • Andre Gregory and Wallace Shawn Reinvent Ibsen

    When Andre Gregory and Wallace Shawn sat down for a meal 33 years ago, the pair became an unlikely art-house phenomenon. "My Dinner with Andre," directed by the French filmmaker Louis Malle, turned a two-hour conversation between the ...

  • Microsoft's Profit Takes Hit on Nokia

    An initial report card came in for Microsoft Corp.'s purchase of Nokia Corp.'s mobile phone business. As feared, the marks were poor.Nokia's former handset operation, which Microsoft bought for more than $7 billion in April, drained nearly ...

  • Worries Over Meat Supplier Spread to Japan

    More companies are cutting ties to a U.S.-owned Chinese food supplier over worries that they may have served expired meat to their customers, as they moved to shore up their reputations in a market known for food-safety problems.

  • As Phone Growth Slows, Carriers Turn to Tablets

    Phone companies have a new best friend: The tablet.Wireless companies have been jockeying for new subscribers in a market where there are more active cellphone plans than there are people, a predicament that led to slowing growth and ...

  • Keeping Up With James Franco

    No one multitasks quite like James Franco.Just a few months ago, he released a book of poetry called "Directing Herbert White." "Palo Alto," a film based on his book of short stories, was released in May. "Child of God," a new movie he ...

  • Credit Suisse Moves On, Doesn't Move Up

    Credit Suisse is stooping to conquer. The Swiss bank hopes to make itself more attractive to investors by shrinking its balance sheet and cost base in hope of boosting returns.

  • SEC Is Set to Approve Money-Fund Rules

    WASHINGTON—Asset managers that cater to individual investors are set to avoid the brunt of new money-market mutual-fund restrictions, after discount broker Charles Schwab Corp. built support for an approach to exempt companies like it from ...

  • Corrections & Amplifications

    The first name of Rosanne Cash was misspelled as Roseanne in an Arena article on July 11 about singer and songwriter John Hiatt.Matthew Aucoin has conducted performances by the Chicago Symphony Orchestra. An Arena article on Friday about ...

  • Reining in ObamaCare—and the President

    A three-judge panel of the U.S. Court of Appeals for the D.C. Circuit—a tribunal second only to the Supreme Court—ruled on Tuesday that the Obama administration broke the law. The panel found that President Obama spent billions of taxpayer ...

  • Amazon Fire Phone Review: Full of Gimmicks, Lacking Basics

    The big idea in Amazon's first smartphone is that you can control the screen just by moving your head. Amazon's Fire phone promises to draw you into a 3-D world where things happen without a touch.

  • CIT's Thain Travels Road to SIFI-Dom

    Behold! The world's first intentionally created SIFI.SIFI, of course, is the acronym for "systemically important financial institution," the regulatory designation for banks and other financial institutions that require extra measures of ...

  • 'My Man is a Loser' Finds Its Way to the Screen

    A few years ago, Eric Bamberger, a New York-based digital marketing and advertising executive with no experience as a Hollywood producer, had an idea for a movie about the comically fraught relationships between husbands and wives.

  • Winding Up Apple for Its Next Act

    Apple may be rewarded for essentially playing catch-up with the iPhone if it rolls out a larger-screen model as expected this fall. But to really shine, it still needs to show it has something new up its sleeve.

  • As Cereal Slips, a New Battle Over Breakfast Dollars

    Breakfast has become the final frontier in the struggle over health, convenience and profit in the U.S. diet.Starved for growth at other mealtimes, companies like Yum Brands Inc., Burger King Worldwide Inc. and Kellogg Co. are battling to ...

  • Comcast Pares Its Video-Subscriber Losses

    Comcast Corp.'s second-quarter profit rose 15%, as the company reduced its rate of video-subscriber losses, added high-speed Internet customers and boosted profit in its NBCUniversal entertainment arm, thanks in part to a turnaround at its ...

  • Manhattan Saddlery Is a Store With Plenty of Horse Sense

    At one time, Kips Bay was horse country and several stores catered to the needs of riders and their steeds.Today, there is a sole survivor: Manhattan Saddlery at 117 E. 24th St.

  • Maine Hotel Raises the Bar

    From the 15th floor of the new Westin hotel in Portland, Maine, the highest point in the city, the view looks pretty good for a pair of hotel investors who completely remade the nearly century-old property.

  • Tel Aviv's Tech Hub Scrambles Amid Disruptions

    TEL AVIV—Answers.com founder Bob Rosenschein has a full calendar of meetings in New York next week. But as Hamas and Israel trade missiles over Gaza and Tel Aviv—and international airlines cancel flights into Israel—the Israeli tech ...

  • When the Female Customer Perplexes Techie Male CEOs

    Tech startups are racing to build hobby, crafts and fashion businesses catering to women. Therein lies what might be called an "instinct gap": Nearly all of the people heading these companies are men.

  • Existing-Home Sales Hit Highest Level Since October

    WASHINGTON—A broad measure of U.S. home sales climbed for the third consecutive month in June, hitting the highest level since October as the housing market gained steam after a monthslong slump.

  • Plots & Ploys

    China Syndrome?Money from China has been a top driver of some housing markets, especially in coastal cities such as San Francisco and Los Angeles.

  • Fox Mindful of Debt as It Eyes Time Warner

    Ever since his News Corp survived a bruising liquidity crisis in the early 1990s, Rupert Murdoch has been careful to avoid getting overextended financially. But his pursuit of Time Warner Inc. could test that philosophy.

  • A Power Surge in the Rust Belt

    General Electric Co. is about to strengthen its ties to downtown Cincinnati in the latest sign that urban centers in the Rust Belt are becoming more attractive to U.S. corporations.

  • New Lenders Enter Property Market and Think Small

    A new group of lenders has begun to target properties valued at $10 million and less, and that is good news for mom and pop landlords and small-business owners.

  • The Mystery of the White Flags on the Brooklyn Bridge

    Investigators are trying to determine how two bleached-white American flags mysteriously appeared atop the Brooklyn Bridge Tuesday morning—and whether the stunt was an art project, a political statement or just tomfoolery.

  • Tuning In: Improving Your Listening Skills

    Plenty of programs teach people to speak—but few train them to listen.Even before the age of digital distractions, people could remember only about 10% of what was said in a face-to-face conversation after a brief distraction, according to ...

  • Air-Traffic Mistakes Surged Again in Fiscal 2013

    U.S. air-traffic-control errors continued to climb in fiscal 2013 rather than plateauing as federal aviation regulators previously projected, according to data slated to be released by the government.

  • Saudi Arabia Plans to Open Stock Market to Foreign Investors

    DUBAI—Saudi Arabia plans to open its $530 billion stock market to foreigners for the first time early next year, a move that will allow the Middle East's biggest economy to attract more international investment and reduce its dependence on ...

  • Peru's Prime Minister René Cornejo Resigns

    LIMA, Peru—Prime Minister Rene Cornejo resigned on Tuesday after being swept up in a scandal involving one of his advisers who allegedly tried to orchestrate a campaign to discredit an opposition congressman.

  • Nigerian President Meets With Families of Abducted Girls

    ABUJA, Nigeria—Families of the schoolgirls Boko Haram kidnapped in April met for the first time with Nigerian President Goodluck Jonathan on Tuesday, an occasion that showed how his handling of the abduction has become an issue ahead of ...

  • Gwen Jorgensen: From Accountant to No. 1 Triathlete

    Gwen Jorgensen was working as an Ernst & Young accountant when she received an unusual recruiting pitch: Why not try triathlon?The pitch came from credible quarters—USA Triathlon, the sport's governing body in America. But Jorgensen ...

  • Obama Administration to Announce Stricter Oil Train Safety Standards

    The Obama administration will unveil Wednesday new rules proposing stricter safety standards on trains carrying flammable fuels, including oil and ethanol, according to a Capitol Hill source familiar with the pending regulation.

  • Interest in Riskier Currency Bonds Stirred, Not Shaken

    HONG KONG—Investors are rushing into emerging-market debt denominated in local currencies amid signs of political and economic stability in some regions, even as tensions heat up in Ukraine and the Middle East.

  • U.S. Calls for Immediate Truce in Gaza as Death Toll Mounts

    The U.S. turned to pushing for an immediate cease-fire in Gaza with the death toll nearing 600, as Israeli officials indicated they would keep up efforts to destroy tunnels that Hamas is increasingly using to mount cross-border attacks.

  • Dutch Take Over Lead of Malaysia Airlines Crash Investigation in Ukraine

    The Netherlands said it would take the lead in the probe of the crash of Malaysia Airlines Flight 17, but accident investigators on Tuesday still hadn't arrived at the crash site as fighting raged in the region.

  • Long List of GM Cars Suffered From Ignition Woes

    General Motors Co. knew more than a decade ago that loose ignition switches caused stalling on far more than its Chevrolet Cobalt and related small cars, redesigning switches in at least three high-volume car families between 2003 and 2006, ...

  • U.K. to Probe Who Was Behind Alexander Litvinenko's Death

    LONDON—The U.K. government on Tuesday announced an inquiry into the 2006 death by poisoning of former KGB agent Alexander Litvinenko in London, a move that is likely to reopen a rift with the Kremlin by examining whether Russian authorities ...

  • The Race to Succeed Bud Selig Isn't Much of a Race

    As Major League Baseball commissioner Bud Selig approaches the end of his final season on the job, the task of choosing his successor remains far from finished. But there is a growing sense of inevitability among baseball officials that the ...

  • Obama, Merkel Tread Lightly to Keep Lines to Putin Open

    Western leaders have steadily turned up the heat on Russia over the downing of Malaysia Airlines Flight 17, but two of the most powerful voices in that international chorus—the leaders of Germany and the U.S.—have been careful in the ...

  • Fog of War Clouds Defense Contractors' Prospects

    The worst of times can seem like the best of times for defense contractors. But they rarely benefit from scary headlines as much as their investors initially believe.

  • BHP Output Trumps Forecasts for Fiscal Year

    SYDNEY—BHP Billiton Ltd. exported more iron ore than expected from mines in Australia's northwest last fiscal year even after lifting guidance twice, as the world's largest mining company aimed to squeeze more from its operations.

  • Japan to Join U.S.-India Military Exercises

    NEW DELHI—Warships from India, Japan and the U.S. will participate in joint exercises in the Pacific Ocean near Japan starting Thursday—a sign of greater maritime cooperation among nations in Asia as they face a more assertive China.

  • Condo Builders Fuel Land Rush in Miami

    MIAMI—At the height of the real-estate boom in 2006, Ugo Colombo, an Italian-born developer, bought a stake in an empty plot of land along the Miami River, facing Biscayne Bay, in a deal that valued the site at roughly $25 million.

  • The Just-Right Running Shoe

    The Goldilocks running shoe—not too big, not too small—is gaining ground.For four decades, the shoes worn by the vast majority of recreational runners shared the same silhouette: a chunky, cushioned heel tapering to a low, narrow toe. Five ...

  • Relief as Retirees Back Detroit's Debt-Cutting Plan

    Leaders of Detroit pension funds expressed relief Tuesday after voting results showed pension holders endorsed the Motor City's historic reorganization plan, but bond insurers voiced continued opposition, signaling a bumpy road ahead in ...

  • Citing Maryland Gun Law, Beretta To Move Manufacturing Jobs to Tennessee

    Gun maker Beretta U.S.A. Corp. said Tuesday it would move all 160 of its manufacturing jobs in southern Maryland to a planned facility in Tennessee, citing Maryland's restrictive 2013 gun control law and concerns about potential future ...

  • Oakland A's Agree to 10-Year Lease to Stay at Coliseum

    OAKLAND, Calif.—The Athletics have agreed to a 10-year lease extension to stay in Oakland, the team and city officials announced Tuesday.After reviewing several modifications made by the Oakland City Council last week, team owner Lew Wolff ...

  • A Look at Specialty Cocktails Selling at W Hotels Around the World

    In the hospitality industry, "F&B" is shorthand for "food & beverage." At W Hotels, Sarah Doyle, director of global brand management at the division of Starwood Hotels & Resorts Worldwide Inc., says it is "B&F," "because ...

  • #ASKWSJD

    In my column last week about cutting the cable-TV cord, I said it is more possible than ever to be a full-fledged couch potato without a pricey cable subscription.

  • Previous Slides Weakened Site Before March Landslide Killed 43

    The Washington state landslide that killed 43 people may have been triggered by heavy rain, but previous slides set the stage for the tragedy by weakening the hillside and making it more susceptible to collecting groundwater, a new report ...

  • Credit Suisse Posts Loss After U.S. Settlement

    ZURICH—Credit Suisse Group AG on Tuesday reported a sizable loss for the second quarter, as the Swiss bank continues to absorb the impact of a U.S. legal settlement reached two months ago

  • End to the Putin Puzzle

    Perhaps what we've been actually watching since the start of 2014 has been the last chapter of Vladimir Putin's rule. All has inevitably gone pear-shaped for the Russian leader since the popular overthrow of his client and ally Viktor ...

  • Hospitals, Insurers Say Subsidies Rulings Further Confuse the Issue

    Health-industry officials said Tuesday's dueling court rulings over federal health-law subsidies set the stage for another bout of confusion as consumers return to marketplaces this fall to shop for next year's coverage.

  • Crash Investigators Face Difficult Task in Ukraine

    Crash investigators preparing to pore over the debris of Malaysia Airlines Flight 17 in eastern Ukraine face a harrowing task gathering and analyzing evidence that lies in a battle zone and could be tainted.

  • New Consoles Boost Electronic Arts

    Electronic Arts Inc. reported solid profit growth in its fiscal first quarter, benefiting as consumers snapped up videogames for the latest generation of consoles.

  • Reforming the Proxy Advisory Racket

    It's hard not to get cynical observing the characters who inhabit the District of Columbia. But in a significant if under-reported recent development, the Securities and Exchange Commission has begun to dismantle a dangerous bastion of ...

  • The Christian Purge From Mosul

    Imagine if a fundamentalist Christian sect captured the French city of Lyon and began a systematic purge of Muslims. Their mosques were destroyed, their crescents defaced, the Koran burned and then all Muslims forced to flee or face ...

  • Spike in Gas Costs Pushes Up Inflation Gauge

    U.S. consumer inflation continued to stiffen last month but largely decelerated outside a jump in gasoline prices, and food costs in particular slowed after surging in recent months.

  • DOJ Intervenes in Whistleblower Lawsuit Against Symantec

    The U.S. Justice Department has intervened in a whistleblower lawsuit against Symantec Corp., on allegations that Symantec submitted false claims to the U.S. on a software contract.

  • Work & Family Mailbox

    Q: Regarding your column on dads roughhousing with kids, did fathers in the past play in this way?E.L.A: Fathers in recent decades tended to spend little time interacting with their children, says Stephanie Coontz, author of several books ...

  • Fictitious Applicants Able to Get U.S. Health-Insurance Tax Credits

    WASHINGTON—Fictitious applicants who went on the federal exchange set up under the Affordable Care Act were able to fraudulently get approved for coverage and health insurance tax credits, according to a new report.

  • The Big 2016 Foreign Policy Debates

    These are tough times for internationalists, liberal and conservative alike. George W. Bush's overreach in Iraq undermined public support for the use of American power overseas, and Barack Obama has done nothing to rebuild it. Large ...

  • Mideast Divisions Choke Kerry's Peace Effort

    CAIRO—Secretary of State John Kerry plunged into a diplomatic effort to end the escalating war in the Gaza Strip, but divisions among Middle Eastern powers are undercutting his efforts to quickly forge a cease-fire between Israel and the ...

  • EPA Denies Texas Emergency Weedkiller Request

    Federal regulators denied Texas farmers' push to use a powerful herbicide against invasive "super weeds" threatening to strangle cotton crops.

  • Give Us Your Donors, or Else

    We've seen what happened at the IRS when Democrats launched a political campaign to crack down on tax-exempt groups that don't disclose their donors. A similar animus is now at work in the states, where two attorneys general are forcing ...

  • Notable & Quotable

    From an interview with Christina Hoff Sommers in ravishly.com, July 18:The Millennials have been cheated out of a serious education by their Baby Boomer teachers. Call it a generational swindle. Even the best and brightest among the ...

  • Foreign Policy Is Not a 'CSI' Episode

    President Obama's response to the July 17 attack on Malaysia Airlines Flight 17 has followed a well-established pattern. Viewing international affairs through the confining prism of legal procedures and restraints, Mr. Obama is treating ...

  • Senator Criticizes Funds' Borrowing for Stock Trades

    WASHINGTON—A senior senator criticized a prominent hedge fund's use of bank loans to buy stocks, asking U.S. regulators to investigate if financial firms are skirting legal limits on such borrowing.

  • Brazil Trims 2014 Growth Forecast

    SÃO PAULO—The Brazilian government cut its economic growth forecast for 2014, reflecting the sluggish expansion already seen so far this year.

  • Why the Buzz About a Bee-pocalypse Is a Honey Trap

    On June 20 the White House issued a presidential memorandum creating a Pollinator Health Task Force and ordering the Environmental Protection Agency to "assess the effect of pesticides, including neonicotinoids, on bee and other pollinator ...

  • Senate Democrats Ready $2.7 Billion Border Plan

    WASHINGTON—Senate Democrats are preparing legislation to allocate $2.7 billion this calendar year to deal with the surge of unaccompanied children and families from Central America entering the country, lawmakers and aides said. The ...

  • Congress Is Split on Taxing of Corporate Inversions

    WASHINGTON—Lawmakers widely concerned about the wave of companies reincorporating overseas to avoid U.S. taxes split along partisan lines Tuesday over whether any legislation should take aim at businesses that have already relocated.

  • Aid Veterans Affairs by Nixing Budget Gimmickry

    The worst scandal in decades at the Department of Veterans Affairs doesn't only involve unethical staffers cooking the books on waiting times, inexcusable as that is. Woefully inadequate VA funding and budget gimmicks by multiple Congresses ...

  • Book Review: 'The Emperor Far Away' by David Eimer

    Traveling in China's heavily Islamic, far-western region of Xinjiang a few years ago, I stopped on a whim to get a haircut before boarding a flight from the capital, Urumqi, back to Shanghai. As I chatted with the two barbers in their tiny ...

  • Behind the Trading Burst That Shored Up Wall Street's Bottom Line

    The burst of trading that helped save Wall Street's second quarter started with comments made by a central banker an ocean away.European Central Bank President Mario Draghi's dovish remarks on June 5 about how it plans to fight low ...

  • VMware's Profit Down on AirWatch Acquisition Costs

    Software company VMware Inc.'s second-quarter earnings fell 32% largely resulting from costs tied to its acquisition of mobile device management company AirWatch.

  • Turkish Man Pleads Guilty to Smuggling Fake Cancer Drugs Into U.S.

    A Turkish man pleaded guilty Tuesday in U.S. federal court to smuggling counterfeit, adulterated and misbranded cancer drugs into the U.S., including a version of the cancer drug Avastin that isn't approved for sale in the U.S., the Justice ...

  • Dick's Lays Off More Than 400 PGA Golf Instructors

    Dick's Sporting Goods Inc. is cutting hundreds of jobs in its golf division as fewer Americans hit the links.A spokeswoman for the PGA of America said more than 400 of its members who were employed as golf instructors at Dick's were ...

  • Police Reinforcements Sent Into Rio de Janeiro Slums

    Authorities have sent hundreds of police reinforcements into some of Rio de Janeiro's toughest slums to help quell a growing conflict between law enforcement and suspected drug traffickers, testing the government's efforts to ensure public ...

  • Let Israel Decide

    Nations must be militarily strong and determined enough to ensure their own survival. Israelis have long understood this harsh reality of global politics, and it has never been clearer than this week as the world browbeats Israel and the ...

  • Upholding ObamaCare—as Written

    President Obama's penchant for treating laws as unlimited grants of power to his Administration is catching up with him. The irony is that on Tuesday the nation's second highest court ruled that ObamaCare is defined by what Congress ...

  • 93

    Quarterback rating for Seattle's Russell Wilson in EA Sports' Madden NFL 15 videogame. That's the same rating as New England's Tom Brady and only below Denver's Peyton Manning (98), Green Bay's Aaron Rodgers (98) and New Orleans' Drew Brees ...

  • Discover Profit Rises on Loan Growth

    Discover Financial Services said its second-quarter profit rose 7%, driven by widespread loan growth and strong credit performance.For the latest quarter, Discover reported a profit of $644 million, or $1.35 a share, compared with $602 ...

  • Juniper Networks Posts Solid Gains

    Juniper Networks Inc.'s second-quarter profit more than doubled as the networking-equipment company posted solid gains in product and services revenue.

  • The Likable Sinner

    James Garner, who died on Saturday, belonged to the first generation of American leading men to owe their initial burst of fame to the growth of television; he was also among the last generation who needed to know how to ride a horse.

  • England's Rapid Fall From Grace

    When a team loses three of its best players, and with them 213 Tests' worth of experience, a few teething troubles are to be expected. For England, though, the loss of Jonathan Trott, Kevin Pietersen and Graham Swann hasn't been the biggest ...

  • Ford Names New Boss for Lincoln Division

    Ford Motor Co. appointed a new executive to oversee its luxury Lincoln brand as part of an effort by the U.S. auto maker's recently appointed chief executive, Mark Fields, to open a "new chapter" for a brand preparing to launch in China by ...

  • A Volkswagen Beetle That Refuses to Go Kaput

    Rolf Schroeter, 53, an orthotist from Sterling Heights, Mich., on his 1958 Volkswagen Beetle, as told to A.J. Baime:Growing up in Michigan, some of my earliest memories are of sitting with my mother as she learned to drive in a 1959 Beetle. ...

  • Intuitive Surgical's Second-Quarter Profit Falls

    Intuitive Surgical Inc., which has faced concerns over its robotic-surgery systems, reported another quarter of declining revenue and earnings.

  • Syfy's Campy 'Sharknado 2' Hits Manhattan

    New Yorkers, beware: A sharknado is set to hit the Big Apple July 30."Sharknado 2: The Second One" comes on the heels of last summer's "Sharknado," a campy made-for-television movie phenomenon that Entertainment Weekly called "an ...

  • Flir Systems Piggybacking New Thermal-Imaging Camera on the Smartphone

    For Andy Teich, the chief executive of Flir Systems Inc., Apple Inc.'s iPhone is more than a mobile device. It's a gateway to the mass market.

  • Trouble for Abe

    Shinzo Abe has had a couple of bad—make that very bad—weeks. If he doesn't look out, his days as Japan's Prime Minister could be numbered.Voters in Shiga prefecture last week handed a surprising rebuke to Mr. Abe and his Liberal Democratic ...

  • Obama Names Picks for Nuclear Regulatory Commission

    President Barack Obama announced Tuesday that he will tap two well-connected energy experts for impending openings on the U.S. Nuclear Regulatory Commission.

  • The Law of the Land

    "It's the law of the land" was the incantation of ObamaCare supporters, first in 2012 when the Supreme Court upheld the so-called Patient Protection and Affordable Care Act by reconstruing two major provisions so as to bring them into line ...

  • Phony Fears on Trans-Atlantic Trade

    How do you derail a free-trade agreement between Europe and the U.S. that could boost growth on both sides of the Atlantic by an estimated $100 billion annually? Well, fear-mongering might work. And that's the path taken by sundry ...

  • Why Power in the Workplace Makes People Feel They Control Time

    When it comes to time, people in power believe they have more of it at their disposal than others.In reality, time is a great equalizer. Minutes tick by at the same pace for all, whether the sun measures our day by lengthening shadows or an ...

  • Living Dangerously in Indonesia

    Instead of representing a triumph of democracy, Indonesia's presidential election threatens to spark a crisis. On Tuesday afternoon officials were poised to announce that Jakarta Governor Joko Widodo won the July 9 election with 53% of the ...

  • Europe Trails U.S. on Sanctions, For Now

    The U.S. and the European Union are working to coordinate an expanding set of sanctions against Russia over its interference in Ukraine, with European leaders galvanized to put pressure on Moscow after the downing of the Malaysia Airlines ...

  • CIT Group to Buy OneWest

    CIT Group Inc. agreed to buy OneWest Bank NA's parent company for $3.4 billion in the largest full-bank acquisition announced since 2012.CIT shares rose 11% in afternoon trading as investors cheered the cash-and-stock purchase, which will ...

  • DEA Looking into Safeway's Record Keeping

    The Drug Enforcement Administration is looking into Safeway Inc.'s record keeping related to the theft of controlled substances, the supermarket chain disclosed Tuesday.

  • Low-Key Najib Labored Behind the Scenes to Secure Deal With Rebels

    KUALA LUMPUR, Malaysia—Working quietly behind the scenes, Malaysian Prime Minister Najib Razak solved a seemingly intractable problem that had eluded other world leaders: how to bring home the human remains and data recorders from Malaysia ...

  • Hedge Fund Joins Legal Fray Over Puerto Rico Debt Law

    A hedge fund is joining the legal fight against Puerto Rico's new debt-restructuring law.BlueMountain Capital Management LLC on Tuesday filed a lawsuit in federal court in Puerto Rico alleging the new law is unconstitutional. The law, ...

  • Crash Victims to Be Flown to Netherlands on Wednesday

    KHARKIV, Ukraine—A first set of bodies recovered from the Malaysia Airlines Flight 17 crash site is expected to be transported to the Netherlands on Wednesday, where forensics experts will begin the complex task of identifying the victims ...

  • United Technologies Shares Slide on Weak Order Growth

    Shares of United Technologies Corp. slid Tuesday in response to weak order growth, disappointing margins and some one-time hits, even as the company raised its outlook for the year.

  • U.S. Stocks Rise on Data, Earnings

    U.S. stocks roseTuesday, getting a lift from strong housing data and upbeat corporate earnings.The Dow Jones Industrial Average gained 61.81 points, or 0.36%, to 17113.54. The S&P 500 index rose 9.9 points, or 0.50%, to 1983.53. The ...

  • Fiat Chrysler Expands Switch Recall

    Fiat Chrysler Automobiles NV on Tuesday said it would recall as many as 792,300 older Jeep sport-utility vehicles after receiving complaints that drivers could accidently shut off the vehicle by jarring the keys.

  • This Way Up: Mobility in America

    Dakota Blazier had made a big decision. Friendly and fresh-faced, from a small town north of Indianapolis, he'd made up his mind: He wasn't going to college.

  • Houston: The Ups and Downs of Very Light Regulation

    Joel Kotkin and Tory Gattis aim to provide readers with components that contribute to building an economically vibrant community ("Success and the City," op-ed, July 15).

  • Asian Morning Briefing: U.S. Stocks Rise on Data, Earnings

    MARKETS AT A GLANCE(Data as of approximately 5 p.m. ET)SNAPSHOT:U.S. stocks rose Tuesday, getting a lift from strong housing data and upbeat corporate earnings. Treasurys strengthened as geopolitical concerns trumped the upbeat housing ...

  • U.N. Secretary-General Says Gaza Hostilities Must End

    RAMALLAH, West Bank—In his efforts to help broker a cease-fire in Gaza U.N. Secretary-General Ban Ki-moon met the Israeli and Palestinian prime ministers on Tuesday, telling a news conference in Ramallah that the "Israeli military operation ...

  • Google Considers Buying Spotify But Finds the Price Too High

    Google Inc. tried to buy music-streaming service Spotify AB late last year, according to a person familiar with the matter.Talks broke down for a number of reasons, including the high price Spotify was asking, as well as Google Chief ...

  • CORRECTION

    Thane Rosenbaum is a senior fellow who directs the Forum on Law, Culture & Society at New York University School of Law. In "Hamas's Civilian Death Strategy," July 22, he was incorrectly identified as a professor at the law school.

  • LinkedIn to Buy Bizo

    LinkedIn Corp. has agreed to buy business audience marketing provider Bizo for about $175 million.San Francisco-based Bizo, formed in 2008, has been part of a LinkedIn partner program.

  • Prison Reform Shouldn't Be for Cost

    Although emptying our federal prisons of nonviolent criminals doesn't make the top-10 list of national priorities, Newt Gingrich and Pat Nolan make a decent case for Congress to seize "An Opening for Bipartisanship on Prison Reform" (op-ed, ...

  • If the Shoe Doesn't Fit, Don't Buy It

    I owned and operated two retail shoe stores in San Francisco for 50 years. The article "Don't Blame Your Shoes" (Personal Journal, July 16) is right on the money. The "swoosh" noise a foot makes when sliding into a well-fitting shoe is the ...

  • The Progressive and Regressive Future of Social Security

    In "The Hard Numbers on Social Security" (Politics & Ideas, July 16), William A. Galston discusses several reasons why Social Security reform is necessary but difficult to enact.

  • Polish Bank Battle Fuels Concern

    WARSAW—On June 4 in Warsaw's Castle Square, President Barack Obama celebrated Poland's progress 25 years after the end of communism.In a nearby hotel on the same day, deal maker Neil Milne delivered a different message to a crowd of ...

  • Investment Technology Group Holder Seeks Changes or Company Sale

    The price of shares in New York-based brokerage and technology firm Investment Technology Group Inc. climbed on Tuesday, after a small hedge fund went public with a letter urging the company to make management changes or put itself up for ...

  • Puma Shares Soar on Breast-Cancer Therapy Study Results

    Puma Biotechnology Inc. said its investigational breast-cancer treatment showed a 33% improvement in disease-free survival over a placebo in a phase III study.

  • OSHA Cites Structural Failure in Deadly Collapse of Animal Feed Mill

    Structural failure is to blame for the January collapse of a massive animal feed mill that killed two workers and injured nine others in Omaha, Neb., according to federal investigators.

  • Harley-Davidson Upstaged by Polaris in Motorcycle Sales

    Harley-Davidson Inc. reported disappointing retail sales of its motorcycles in the second quarter even as smaller rival Polaris Industries Inc. posted a strong showing.

  • U.S. Judge Denies Argentina More Time to Negotiate With Creditors

    A U.S. District Judge in a hearing Tuesday didn't grant Argentina's request for more time to negotiate with holdout creditors, directing both parties and their lawyers to meet with a court-appointed mediator to reach a settlement.

  • Commercial Aviation Back in the Cross Hairs of Regional Violence

    Tuesday's rocket attack near Tel Aviv's airport and, days before, the downing of Malaysia Airlines Flight 17 in Ukraine come as the global commercial aviation industry finds itself increasingly in the cross hairs of regional violence.

  • Oil Retreats Slightly, But Holds Near Three-Week Highs

    Oil futures retreated slightly Tuesday but held near three-week highs on expectations that strong demand from U.S. refineries would continue to shrink domestic oil supplies.

  • Ex-Dewey & LeBoeuf Executives Settle With Bankruptcy Trustee

    Two former Dewey & LeBoeuf LLP executives have settled a civil suit brought by the defunct firm's bankruptcy trustee to recover nearly $22 million, according to a Tuesday court filing.

  • Apple Readies a Big Bet on Big-Screen Phones

    Apple Inc. is preparing for its largest initial production run of iPhones, betting that larger-screen models will lure consumers now attracted to similar phones from Samsung Electronics Co. and others.

  • Robert Half's Profit Rises 19%

    Robert Half International Inc. said its second-quarter earnings rose 19%, which the company attributed to improving labor markets.Net income rose to $75.1 million, or 55 cents a share, from $63.1 million, or 46 cents a share, a year ...

  • The Chargers: San Diego's No. 2 Softball Team

    Poway, Calif.Imagine showing up to your recreational-league softball game to find that your opponent is the San Diego Chargers. Center Nick Hardwick pitches. Patrolling the outfield are running back Danny Woodhead and safety Eric Weddle. ...

  • ACE Profit Declines, Though Results Beat Expectations

    ACE Ltd. reported its second-quarter profit declined 13%, reflecting a drop in net premiums written in both its global reinsurance and agriculture units.

  • Euro Falls to 8-Month Low Against Dollar

    The euro fell to an eight-month low against the dollar on Tuesday after data highlighting the diverging economic performance of the U.S. and Europe provided investors with an excuse to sell the common currency.

  • Tour Appears to Be a Coronation for Nibali

    BAGNÈRES-DE-LUCHON, France—Vincenzo Nibali's Tour de France victory lap won't be till Sunday, when he rides around the Arc de Triomphe in Paris with a glass of Champagne. But the way this race has gone, it might as well stretch out over the ...

  • Agropur Buying Dairy Assets of Davisco in Minnesota

    Canadian dairy cooperative Agropur on Tuesday said it would significantly boost its U.S. presence with the planned purchase of the dairy-processing assets of privately held Davisco Foods International of Minnesota.

  • U.S. Government Bonds Rebound on Geopolitical Concerns

    Treasury bonds strengthened Tuesday as geopolitical concerns trumped an upbeat U.S. housing report.A tame U.S. inflation reading also supported bond prices. Inflation chips away bonds' value over time.

  • Study: Unaccompanied Minors Under Age 12 Illegally Entering U.S. Rises 117%

    An unprecedented number of unaccompanied minors illegally entering the U.S. are younger than 12, according to a new study, making them the fastest-growing group among youngsters sneaking into the country unchaperoned.

  • Cattle Futures Rise to Record Highs

    U.S. live-cattle futures ended Tuesday at all-time peaks, lifted by sagging feed costs, which can encourage people who raise and feed cattle to bid more aggressively for a shrinking herd of available animals.

  • Cattle Futures Rise to Record Highs

    U.S. live-cattle futures ended Tuesday at all-time peaks, lifted by sagging feed costs, which can encourage people who raise and feed cattle to bid more aggressively for a shrinking herd of available animals.

  • Three Senate Committee Heads Call for New Sanctions Against Russia

    WASHINGTON—The heads of three Senate committees said Tuesday the White House should impose significant new sanctions against Russia's defense, energy and banking sectors for its role in the downing of a Malaysia Airlines craft last week.

  • FAA Temporarily Bars U.S. Carriers From Flying to Tel Aviv

    The Federal Aviation Administration banned U.S. carriers from flying to Tel Aviv for at least 24 hours after a rocket attack near Ben Gurion International Airport.

  • Czech Central Banker Concerned Over Eurozone Deflation Risks

    LONDON-Tame price rises in the European single currency bloc are causing headaches for the Czech National Bank as it struggles to push inflation back to its 2% target by using a nonstandard policy of keeping the koruna weak after cutting ...

  • Hollande Defies Critics Over Warship Sale to Russia

    PARIS—France is forging ahead with plans to supply Russia with at least one powerful warship despite objections from the U.S. and other allies, President François Hollande said, while dangling the possibility he might cancel the delivery of ...

  • Gold Futures End Lower

    Gold futures retreated on Tuesday, as investors eyed the situation in Ukraine and as U.S. economic data pointed to continued recovery.Gold for August delivery, the most active contract, fell $7.60, or 0.6%, to settle at $1,306.30 a troy ...

  • Espírito Santo's Rioforte Files for Creditor Protection

    LISBON—Rioforte Investments SA, a unit of troubled Portuguese conglomerate Espírito Santo International SA, said Tuesday that it followed its parent's footsteps and filed for creditor protection in Luxembourg after it became unable to repay ...

  • Blackstone to Buy Majority Stake in Service King Repair Chain

    Blackstone Group LP has agreed to buy a majority stake in auto-repair shop chain Service King Collision Repair Centers from Carlyle Group LP with a view to fund the company's future growth, according to people familiar with the matter. The ...

  • Court Rejects ObamaCare Suit

    Back in January, Republican Sen. Ron Johnson of Wisconsin announced his ObamaCare lawsuit on the pages of The Wall Street Journal."I am filing suit in the U.S. District Court for the Eastern District of Wisconsin to make Congress live by ...

  • Spain's Prisa Plans €100 Million Capital Raise

    MADRID—Spain's Promotora de Informaciones SA on Tuesday announced a €100 million capital hike that seeks to provide a financial boost for the cash-strapped owner of the world's best-selling Spanish-language newspaper, El País.

  • A Worrisome Ruling

    On Friday a federal judge in New York granted a warrant allowing prosecutors and police access to a suspect's entire Gmail account as part of a money-laundering investigation. There were no parameters—such as keywords or searching for ...

  • America Movil to be Flexible on Mexico Asset Sales, CEO Says

    MEXICO CITY—Mexican telecommunications heavyweight América Móvil is still working to define what assets it will sell to lower its market share in Mexico, and meanwhile will continue to operate under new rules imposed on it as a dominant ...

  • Travelers Profit Falls as Catastrophe Costs Rise

    Travelers Cos. reported an 18% decline in second-quarter operating profit as insurance claims from wind and hail storms eroded earnings, which were below analyst estimates and a catalyst for a sharp drop in the company's shares Tuesday.

  • Luxury-Car Makers Attract Scrutiny in China

    SHANGHAI—Chinese officials who oversee pricing matters are inquiring into the practices of foreign luxury-car makers in the world's No. 1 car market, which has become a significant profit center for high-end brands.

  • Portugal's BCP Bank Raises €2.24 Billion Despite Peer's Woes

    LISBON—Banco Comercial Português SA Tuesday shrugged off the troubles affecting its Portuguese peer Banco Espírito Santo SA and raised 2.24 billion euros ($3 billion) in a rights issue that was oversubscribed.

  • EU Toughens Language Aimed at Both Sides in Gaza Battle

    BRUSSELS—European Union foreign ministers aimed sharp language at both sides in the Gaza battle on Tuesday, calling on Hamas to stop its "criminal and unjustifiable acts" while saying they were "particularly appalled" at the human cost of ...

  • Finland Backs Tougher Sanctions on Russia, Reversing Course

    As tensions between the European Union and Russia simmered, Finland on Tuesday dropped its former hesitation and backed EU moves to impose stiffer economic sanctions against Russia.

  • TD Ameritrade Profit Rises on Asset Growth

    TD Ameritrade Holding Corp. said its fiscal third-quarter profit rose 3.3% as the online brokerage reported higher asset-based revenue and strong growth in assets.

  • BBVA Says Catalunya Acquisition Shows Its Confidence in Spain's Recovery

    MADRID— Banco Bilbao Vizcaya Argentaria SA's purchase of a bailed-out bank makes it the biggest lender in Spain by assets.BBVA executives said Tuesday that the €1.2 billion ($1.62 billion) acquisition of Catalunya Banc SA speaks to their ...

  • John Taylor's Reply to Alan Blinder

    In a Wall Street Journal op-ed on July 18 called "An Unnecessary Fix for the Fed," economist Alan Blinder takes aim at legislation now under consideration in the House of Representatives to amend the Federal Reserve Act. Mr. Blinder focuses ...

  • Kerry Presses Hamas to Accept Egyptian Cease-Fire Plan

    CAIRO—U.S. Secretary of State John Kerry tried to place pressure squarely on the militant Palestinian group Hamas to end the fighting in the Gaza Strip, saying it had a "fundamental choice" to make on whether to accept an Egyptian ...

  • Putin: Russia Will Press Rebels to Help Malaysia Airlines Probe

    MOSCOW—President Vladimir Putin said Tuesday that Russia will press separatists in eastern Ukraine to assist the investigation into the downing of Malaysia Airlines Flight 17, but he offered little sign of changing course on the conflict in ...

  • Suicide Attack Hits Antidrug Facility in Kabul

    KABUL—A suicide bomber attacked a compound used by U.S. counternarcotics advisers in Kabul on Tuesday, killing five foreign guards in the latest insurgent strike in the Afghan capital.

  • Bulgaria's Central Bank Governor Ivan Iskrov Offers to Resign

    The governor of Bulgaria's central bank offered to resign Tuesday to allay concerns over the institution's credibility amid a deepening political and banking-sector crisis.

  • State Street Gives Disappointing Expense Outlook

    State Street Corp. disappointed investors on Tuesday after the trust bank warned it would be challenging for it to increase revenue faster than expenses this year.

  • Allergan to Lay Off 13% of Workforce, Cut Drug Research

    As drug maker Allergan Inc. tries to avoid being acquired, it is taking a page from its pursuer, Valeant Pharmaceuticals International Inc.The Botox maker said Monday it is laying off workers and cutting drug research—exactly what Valeant ...

  • What's News—

    Business & FinanceAllergan outlined plans to cut 13% of its workforce, part of a restructuring plan intended to save $475 million next year as the Botox maker continues to look to stave off an unsolicited $53 billion takeover bid from ...

  • EU to Consider More Sanctions on Russia

    BRUSSELS—The European Union will consider "potential measures" against Russia in the sectors of defense, energy, financial services and high-tech goods, Dutch Foreign Minister Frans Timmermans said on Tuesday.

  • BATS President William O'Brien Leaves Exchange Operator

    BATS Global Markets on Tuesday said President William O'Brien has left the stock-exchange operator, effective immediately.Mr. O'Brien had joined BATS earlier this year, after the firm merged with rival exchange Direct Edge, where he had ...

  • Leroy Schecter's Florida Home Sells for $28 Million

    After several years on the market, the Indian Creek Village, Fla., home of steel magnate Leroy Schecter has sold for $28 million.Listing agent Nelson Gonzalez of EWM Realty International said the sale closed Monday for $28 million. He ...

  • South Korea Finds Body of 'Sewol' Patriarch

    SEOUL—Police have identified a man found lying face up in a plum orchard, wearing a luxury Italian jacket and a hat, as South Korea's most-wanted fugitive.

  • China Opens Door to New Zealand's a2 Milk Company

    WELLINGTON, New Zealand—New Zealand dairy companies are gradually being allowed to sell baby formula in China again following a clampdown that saw hundreds of brands shut out of the market earlier this year.

  • For Banks Near Cutoff, Bigger Isn't Necessarily Better

    Most chief executives want their companies to grow. Joseph Ficalora isn't so sure.Mr. Ficalora is CEO of New York Community Bancorp, a lender in Westbury, N.Y., with $47.6 billion in assets as of the end of the first quarter. The bank is ...

  • Spain Picks Banks to Manage Privatization of Airport Operator Aena

    MADRID—Spain's government on Tuesday said it had picked three U.S. investment banks and two Spanish lenders to run the privatization of state-owned airport operator Aena Aeropuertos.

  • Grupo Mexico Nears Deal to Buy Stake In Arizona Copper Mine

    Grupo Mexico, one of the world's largest copper producers, is nearing a deal to acquire Mitsui & Co.'s 25% stake in the Silver Bell copper mine in Arizona for about $120 million, according to people familiar with the matter.

  • Brazil's Coocafe Sees Its Coffee Output Down by About One-Third This Year

    SÃO PAULO—Brazilian coffee cooperative Coocafe expects production among its members to fall by about one-third this year because of the recent drought, its president said Tuesday.

  • Credit Suisse to Exit Commodities Trading

    LONDON—The banks' retreat from commodities trading has turned into a stampede.On Tuesday, Credit Suisse Group AG became the latest lender to chop its commodities-trading unit, joining a litany of banks fleeing a sector that is struggling ...

  • Europe Markets Rise But Russia Tensions Remain In Focus

    Mounting tensions between Russia and the West continued to dominate the mood across European markets Tuesday, although stocks rebounded from Monday's lows.

  • Verizon's Profit Improves Sharply on Better Tablet Sales

    Verizon Communications Inc. got a significant boost in subscribers in the second quarter from customers buying tablets, helping the nation's largest carrier reel in about 50% more customers than it gained in the same period last year.

  • Families Provide DNA to Aid MH17 Victims' Identification

    PUTRAJAYA, Malaysia—Most of the Malaysian families of those who died on Malaysia Airlines Flight 17 gave DNA samples and descriptions of their loved ones to Malaysian police on Tuesday in the first stage of a painful identification process.

  • Omnicom Posts Strong Sales Growth

    Omnicom Group posted its strongest sales growth in nearly three years as revenue increased across most of the advertising giant's major markets, with particular strength in the U.S.

  • Hungary Ends Two-Year Easing Cycle

    BUDAPEST—Hungary's central bank cut its key interest rate Tuesday, bringing an end to a two-year easing cycle that officials said was necessary to meet their inflation target, but critics charged was too aggressive and undermined the ...

  • David Wright, New York's (Other) Captain, Marks a Decade With the Mets

    SEATTLE—Lost amid the fanfare of Derek Jeter's yearlong farewell tour, the other captain in New York baseball has been approaching a significant career milestone of his own: Monday's contest here against the Mariners marked the 10th ...

  • Thai Stocks, Currency on the Rise as Confidence Grows

    SINGAPORE—Thailand's baht rose to its strongest level in eight months and the nation's stocks are rallying as signs accumulate that the economy is rebounding following two months of army-enforced political stability.

  • Employee at Investor-Relations Firm Settles SEC Trading Charges

    A partner at a New York-based investor-relations firm settled charges that he acted on confidential information to make stock trades in companies whose press releases he helped prepare, federal regulators said Tuesday.

  • Corrections &Amplifications

    Israeli armored personnel carriers were incorrectly identified as tanks in a photo caption accompanying a World News article Saturday about U.S. diplomacy in the Middle East.

  • J.P. Morgan Starts Homeowner Loan Relief Under $13 Billion Pact

    WASHINGTON—J.P. Morgan Chase & Co. has started providing homeowners with loan assistance as part of a $13 billion Justice Department settlement over the sale of residential mortgage-backed securities.

  • Dunga to Helm Brazil Soccer Team

    SÃO PAULO—Brazil's soccer confederation on Tuesday named former star Carlos Caetano Bledorn Verri, known as Dunga, to be the new coach of the country's national squad, nearly four years after he was fired from the same post.

  • Kimberly-Clark Cuts Outlook Amid Fresh Competition

    Kimberly-Clark Corp. reported lower second-quarter results and cut its outlook citing a tough economic environment and the anticipation of increased competition.

  • Jury Finds Friend of Accused Marathon Bomber Guilty in Obstruction Case

    BOSTON—A former college student was found guilty Monday of trying to thwart the investigation into the 2013 Boston Marathon bombing by helping remove a backpack from the accused bomber's dorm room three days after the deadly attack.

  • Lockheed Martin Eyes End to F-35 Probe, Raises Earnings Guidance

    A senior Lockheed Martin Corp. executive on Tuesday said investigators are close to nailing down the cause of an engine fire that grounded the fleet of F-35 jet fighters and delayed testing on the aircraft ahead of its planned entry into ...

  • Publicis's First-Half Net Profit Falls

    PARIS—Publicis Groupe SA hinted Tuesday that it may miss its full-year targets as first-half profits and sales missed expectations, highlighting the challenges the French advertising giant faces after the collapse of its proposed merger ...

  • South Sudan Rebels Fail in Bid to Meet Uganda's President

    KAMPALA Uganda—A South Sudan rebel delegation left the Ugandan capital late Monday without meeting Ugandan officials, marking a setback for the rebels in their bid to convince Kampala to pull troops out of the crisis-stricken nation, ...

  • Special Planning for Special-Needs Children

    When adviser Brady Murray's wife gave birth to their second child seven years ago, the couple was overjoyed.Then, 10 minutes after the delivery, Mr. Murray's feelings of elation turn to shock. The couple's doctor had just taken him aside ...

  • Julia Stiles on Andrew Bird's 'Lusitania'

    Actress Julia Stiles appeared in the "Bourne" film series. She will star in the off-Broadway play "Phoenix" at New York's Cherry Lane Theater from Monday through Aug. 23. She spoke with Marc Myers.

  • McIlroy Builds his British Open Lead

    Hoylake, EnglandAdam Scott, world No. 1 and among the favorites here at the 143rd British Open, knew what he would have to do on Friday after his opening round 68: Go even lower.

  • Cooler Weather Aids Crews Fighting Washington Fire

    SPOKANE, Wash.—Firefighters and local authorities are heartened by weather forecasts that call for continued cooler temperatures and higher humidity as they battle a destructive wildfire that has charred hundreds of square miles in ...

  • Philippines Scraps Limits on Foreign Bank Ownership

    MANILA—Overseas banks are free to participate fully in the Philippine economy for the first time, after President Benigno Aquino III signed a law removing restrictions on foreign ownership.

  • Slowing Decline in Italian Lending Offers Glimmer of Hope

    MILAN—Italian bank loans continued declining in June, but at the slowest pace since March last year, a rare piece of good news for the battered Italian economy.

  • EU Adds New Targets for Syria Sanctions

    BRUSSELS—European Union foreign ministers agreed to expand sanctions Tuesday against the regime of Syrian President Bashar al-Assad, the bloc said in a news release.

  • Moscow Metro Boss Fired After 22 Killed in Crash

    MOSCOW—Russian news agencies say the head of Moscow's subway system has been fired in the wake of a rush-hour derailment that killed 22 people and injured 136 others.

  • India Still Negotiating Dassault Jet Purchase, Defense Minister Says

    NEW DELHI—India is still negotiating a long-delayed purchase of fighter jets from France's Dassault Aviation.India initially agreed to the purchase of 126 Rafale fighter jets from Dassault in 2012 but the purchase has been stuck in ...

  • Malaysia Says Flight 17 Black Boxes in 'Good Condition'

    Malaysia said Tuesday flight-data recorders from downed Malaysia Airlines Flight 17 in Ukraine appear to be in "good condition" and its officials will hold on to the so-called black boxes until an international investigation team is ...

  • Is the Price Too High for All-Star David Price

    David Price, the American League's strikeout leader, is arguably the best starting pitcher to be available on the trade market since Tom Seaver, so it's understandable that the floundering, payroll-challenged Tampa Bay Rays are having a ...

  • U.S. Faces Growing Threats, 9/11 Commission Cautions

    WASHINGTON—The U.S. faces a growing array of threats, from new terrorist havens to cyberattacks, but the American public doesn't appreciate these dangers and is growing complacent, warns a new report from the former members of the ...

  • Gannett Profit Rises 84% on Broadcasting Unit Growth

    Gannett Co. Inc. said its second-quarter earnings rose 84% on a big boost from its broadcasting operations, which expanded with the media company's $1.5 billion acquisition of broadcaster Belo Corp. last year.

  • Cambodian Politicians Reach Deal to End Deadlock

    PHNOM PENH, Cambodia—Cambodia's government and opposition said on Tuesday they have agreed on a compromise to share power that will end a deadlock of nearly a year in the national legislature.

  • Ex-J.P. Morgan Banker Accepts U.K. Regulator's Fine

    LONDON—Ian Hannam, the former chairman of capital markets at J.P. Morgan London and one of the bankers most closely associated with London's mega-mining boom, Tuesday agreed to pay a £450,000 ($768,654) fine for engaging in market abuse.

  • The Benefits of Failure

    Four years ago, Democrats enacted the Dodd-Frank law on the theory that some banks are too big to fail and that regulators have the wisdom to identify which ones. Today the company that disproved that theory is back in the news.

  • Detroit Pension Holders Approve City's Debt-Cutting Bankruptcy Plan

    Detroit's bankruptcy plan approached a new stage Monday after city pension holders endorsed a debt-cutting plan that would dent, but not decimate, their future benefits.

  • Pork Producer WH Group to Relaunch Slimmer Hong Kong IPO Wednesday

    HONG KONG—WH Group Ltd., the pork producer that withdrew an initial public offering originally meant to raise more than US$5 billion in April, plans to relaunch the deal Wednesday, seeking US$2.05 billion.

  • China's Huarong to Sell $2 Billion Stake

    HONG KONG—China Huarong Asset Management Co. is completing a deal to sell a roughly $2 billion stake to a group that includes Malaysia's state investment arm and Goldman Sachs Group Inc., according to people familiar with the matter.

  • Level 3 to Expand Management Team Following TW Telecom Deal

    Internet provider Level 3 Communications Inc. said Tuesday that plans to expand its management team following the close of its deal to acquire rival TW Telecom.

  • Peabody Energy Reports Loss

    Peabody Energy Corp. swung to a second-quarter loss as the coal-mining company was hurt by weaker coal prices at its Australia operations and the year-earlier period benefited from a big tax benefit.

  • What's News: World-Wide

    The U.S. called for an immediate cease-fire in Gaza as the death toll neared 600. Israel signaled it would continue efforts to destroy tunnels used by Hamas to mount attacks.

  • WH Group's Twice-Cooked Pork Should Fly

    There's no shame in piggy coming back to the market, especially if he has cut his price.The world's top pork company, WH Group, is once again preparing an IPO three months after a previous attempt flopped. The product of Chinese pork ...

  • Rockwell Collins Profit Falls

    Rockwell Collins Inc. said its fiscal third-quarter earnings fell 3.6% as costs rose, while the aerospace-technologies company saw a recent acquisition again drive an increase in revenue.

  • Game Site Gree Seeks Growth Through Hotel Bookings

    TOKYO—Japanese mobile-game developer Gree Inc. is hoping a foray into the hotel-booking business can help restore profits hit by declining sales of products linked to its games.

  • Mead Johnson Sales Rise

    Mead Johnson Nutrition Co. said its second-quarter profit slipped slightly as the maker of nutritional products reported higher sales that were offset in part by higher dairy costs.

  • What's News: Business & Finance

    Apple is preparing for its largest production run of iPhones ever later this year, betting that larger-screen models will lure consumers.Allergan is laying off 13% of its workers and cutting some drug research as it tries to cut costs in a ...

  • Cigarette Shipment Volumes Weigh on Altria

    A continued slowdown in cigarette shipment volume weighed on Altria Group Inc.'s bottom line, though the cigarette maker's adjusted earnings improved.

  • Ingersoll-Rand Profit Falls 3.5%, Lifts Guidance

    Ingersoll-Rand PLC said its second-quarter earnings fell 3.5% as restructuring-related and other costs offset an increase in revenue in both its industrial and climate segments.

  • The 10-Point.

    Good morning,With progress finally being made at the crash site of Malaysia Airlines Flight 17, the focus may now tighten on establishing who was responsible for bringing down the plane. We report that separatists in Ukraine released the ...

  • Domino's Posts Stronger-Than-Expected Results

    Strengthening domestic and international sales buoyed Domino's Pizza Inc.'s second-quarter profit, helping the bottom line climb 16% at the pizza chain.

  • Wacker Chemie Raises Earnings Forecast

    FRANKFURT—Germany's Wacker Chemie AG Tuesday raised its full-year earnings forecast, driven by strong demand for its polysilicon products and reduced costs.

  • Aluminum Physical Delivery Premiums at Record Levels

    OSLO—Aluminum producer Norsk Hydro ASA's Chief Executive Svein Richard Brandtzaeg said Tuesday that premiums for the physical delivery of aluminum had risen to record levels this year amid a tighter market, a rise that could continue for ...

  • Hong Kong Climbs, Indonesia Shares Fall

    Hong Kong stocks closed at the highest level since December on Tuesday, with property developers enjoying strong gains on hopes of policy changes in mainland China, while Indonesian stocks sank ahead of presidential election results.

  • Two Trains Collide in South Korea

    SEOUL, South Korea (AP)—Officials say two trains have collided head-on in eastern South Korea, leaving one passenger dead and dozens of others injured.

  • Regions Financial Profit Climbs

    Regions Financial Corp. said its second-quarter profit grew 12% as the bank's lending portfolio and interest income grew.The Birmingham, Ala.-based bank is one of the biggest lenders in the Southeast, competing against BB&T Corp. and ...

  • Great Lakes Around the World

    The Hidden Gem // Morskie OkoStraddling the border between Poland and Slovakia, the Tatra mountains mark the highest point of the Carpathian mountain range and are pockmarked with crisp alpine lakes. The loveliest is also the largest, ...

  • ARM Boosted by Licensing Revenue

    LONDON—Computer-chip designer ARM Holdings PLC reported a rise in second-quarter profit helped by higher licensing revenue, though growth was soft in the royalties it earns when manufacturers ship chips.

  • El Al Israel Airlines Sees Revenue Hit From Gaza Conflict

    JERUSALEM—El Al Israel Airlines Ltd. said on Tuesday it expects its third-quarter revenue to fall by as much as $50 million due to canceled bookings as Israel's armed conflict with Gaza Strip militants stretches into a third week.

  • Weaker Euro is a Bear Necessity

    They say patience is a virtue. Investors betting on a weaker euro have had to be patient indeed. But the tide may slowly be turning in their favor.

  • Itochu, Sumitomo Seek to Sell Australian Coal Project Stake

    SYDNEY—Japanese trading houses Itochu Corp. and Sumitomo Corp. are seeking to sell a stake in an Australian coal project, the latest example of overseas investors scaling back mining bets amid a deep downturn in commodity prices, two people ...

  • FAA Temporarily Bars U.S. Carriers From Flying to Tel Aviv

    The Federal Aviation Administration banned U.S. carriers from flying to Tel Aviv for at least 24 hours after a rocket attack near Ben Gurion International Airport.

  • Czech Central Banker Concerned Over Eurozone Deflation Risks

    LONDON-Tame price rises in the European single currency bloc are causing headaches for the Czech National Bank as it struggles to push inflation back to its 2% target by using a nonstandard policy of keeping the koruna weak after cutting ...

  • Hollande Defies Critics Over Warship Sale to Russia

    PARIS—France is forging ahead with plans to supply Russia with at least one powerful warship despite objections from the U.S. and other allies, President François Hollande said, while dangling the possibility he might cancel the delivery of ...

  • Gold Futures End Lower

    Gold futures retreated on Tuesday, as investors eyed the situation in Ukraine and as U.S. economic data pointed to continued recovery.Gold for August delivery, the most active contract, fell $7.60, or 0.6%, to settle at $1,306.30 a troy ...

  • Espírito Santo's Rioforte Files for Creditor Protection

    LISBON—Rioforte Investments SA, a unit of troubled Portuguese conglomerate Espírito Santo International SA, said Tuesday that it followed its parent's footsteps and filed for creditor protection in Luxembourg after it became unable to repay ...

  • Blackstone to Buy Majority Stake in Service King Repair Chain

    Blackstone Group LP has agreed to buy a majority stake in auto-repair shop chain Service King Collision Repair Centers from Carlyle Group LP with a view to fund the company's future growth, according to people familiar with the matter. The ...

  • Court Rejects ObamaCare Suit

    Back in January, Republican Sen. Ron Johnson of Wisconsin announced his ObamaCare lawsuit on the pages of The Wall Street Journal."I am filing suit in the U.S. District Court for the Eastern District of Wisconsin to make Congress live by ...

  • Spain's Prisa Plans €100 Million Capital Raise

    MADRID—Spain's Promotora de Informaciones SA on Tuesday announced a €100 million capital hike that seeks to provide a financial boost for the cash-strapped owner of the world's best-selling Spanish-language newspaper, El País.

  • A Worrisome Ruling

    On Friday a federal judge in New York granted a warrant allowing prosecutors and police access to a suspect's entire Gmail account as part of a money-laundering investigation. There were no parameters—such as keywords or searching for ...

  • America Movil to be Flexible on Mexico Asset Sales, CEO Says

    MEXICO CITY—Mexican telecommunications heavyweight América Móvil is still working to define what assets it will sell to lower its market share in Mexico, and meanwhile will continue to operate under new rules imposed on it as a dominant ...

  • Travelers Profit Falls as Catastrophe Costs Rise

    Travelers Cos. reported an 18% decline in second-quarter operating profit as insurance claims from wind and hail storms eroded earnings, which were below analyst estimates and a catalyst for a sharp drop in the company's shares Tuesday.

  • Luxury-Car Makers Attract Scrutiny in China

    SHANGHAI—Chinese officials who oversee pricing matters are inquiring into the practices of foreign luxury-car makers in the world's No. 1 car market, which has become a significant profit center for high-end brands.

  • Portugal's BCP Bank Raises €2.24 Billion Despite Peer's Woes

    LISBON—Banco Comercial Português SA Tuesday shrugged off the troubles affecting its Portuguese peer Banco Espírito Santo SA and raised 2.24 billion euros ($3 billion) in a rights issue that was oversubscribed.

  • EU Toughens Language Aimed at Both Sides in Gaza Battle

    BRUSSELS—European Union foreign ministers aimed sharp language at both sides in the Gaza battle on Tuesday, calling on Hamas to stop its "criminal and unjustifiable acts" while saying they were "particularly appalled" at the human cost of ...

  • Finland Backs Tougher Sanctions on Russia, Reversing Course

    As tensions between the European Union and Russia simmered, Finland on Tuesday dropped its former hesitation and backed EU moves to impose stiffer economic sanctions against Russia.

  • TD Ameritrade Profit Rises on Asset Growth

    TD Ameritrade Holding Corp. said its fiscal third-quarter profit rose 3.3% as the online brokerage reported higher asset-based revenue and strong growth in assets.

  • BBVA Says Catalunya Acquisition Shows Its Confidence in Spain's Recovery

    MADRID— Banco Bilbao Vizcaya Argentaria SA's purchase of a bailed-out bank makes it the biggest lender in Spain by assets.BBVA executives said Tuesday that the €1.2 billion ($1.62 billion) acquisition of Catalunya Banc SA speaks to their ...

  • John Taylor's Reply to Alan Blinder

    In a Wall Street Journal op-ed on July 18 called "An Unnecessary Fix for the Fed," economist Alan Blinder takes aim at legislation now under consideration in the House of Representatives to amend the Federal Reserve Act. Mr. Blinder focuses ...

  • Kerry Presses Hamas to Accept Egyptian Cease-Fire Plan

    CAIRO—U.S. Secretary of State John Kerry tried to place pressure squarely on the militant Palestinian group Hamas to end the fighting in the Gaza Strip, saying it had a "fundamental choice" to make on whether to accept an Egyptian ...

  • Putin: Russia Will Press Rebels to Help Malaysia Airlines Probe

    MOSCOW—President Vladimir Putin said Tuesday that Russia will press separatists in eastern Ukraine to assist the investigation into the downing of Malaysia Airlines Flight 17, but he offered little sign of changing course on the conflict in ...

  • Suicide Attack Hits Antidrug Facility in Kabul

    KABUL—A suicide bomber attacked a compound used by U.S. counternarcotics advisers in Kabul on Tuesday, killing five foreign guards in the latest insurgent strike in the Afghan capital.

  • Bulgaria's Central Bank Governor Ivan Iskrov Offers to Resign

    The governor of Bulgaria's central bank offered to resign Tuesday to allay concerns over the institution's credibility amid a deepening political and banking-sector crisis.

  • State Street Gives Disappointing Expense Outlook

    State Street Corp. disappointed investors on Tuesday after the trust bank warned it would be challenging for it to increase revenue faster than expenses this year.

  • Allergan to Lay Off 13% of Workforce, Cut Drug Research

    As drug maker Allergan Inc. tries to avoid being acquired, it is taking a page from its pursuer, Valeant Pharmaceuticals International Inc.The Botox maker said Monday it is laying off workers and cutting drug research—exactly what Valeant ...

  • What's News—

    Business & FinanceAllergan outlined plans to cut 13% of its workforce, part of a restructuring plan intended to save $475 million next year as the Botox maker continues to look to stave off an unsolicited $53 billion takeover bid from ...

  • EU to Consider More Sanctions on Russia

    BRUSSELS—The European Union will consider "potential measures" against Russia in the sectors of defense, energy, financial services and high-tech goods, Dutch Foreign Minister Frans Timmermans said on Tuesday.

  • BATS President William O'Brien Leaves Exchange Operator

    BATS Global Markets on Tuesday said President William O'Brien has left the stock-exchange operator, effective immediately.Mr. O'Brien had joined BATS earlier this year, after the firm merged with rival exchange Direct Edge, where he had ...

  • Leroy Schecter's Florida Home Sells for $28 Million

    After several years on the market, the Indian Creek Village, Fla., home of steel magnate Leroy Schecter has sold for $28 million.Listing agent Nelson Gonzalez of EWM Realty International said the sale closed Monday for $28 million. He ...

  • South Korea Finds Body of 'Sewol' Patriarch

    SEOUL—Police have identified a man found lying face up in a plum orchard, wearing a luxury Italian jacket and a hat, as South Korea's most-wanted fugitive.

  • China Opens Door to New Zealand's a2 Milk Company

    WELLINGTON, New Zealand—New Zealand dairy companies are gradually being allowed to sell baby formula in China again following a clampdown that saw hundreds of brands shut out of the market earlier this year.

  • For Banks Near Cutoff, Bigger Isn't Necessarily Better

    Most chief executives want their companies to grow. Joseph Ficalora isn't so sure.Mr. Ficalora is CEO of New York Community Bancorp, a lender in Westbury, N.Y., with $47.6 billion in assets as of the end of the first quarter. The bank is ...

  • Spain Picks Banks to Manage Privatization of Airport Operator Aena

    MADRID—Spain's government on Tuesday said it had picked three U.S. investment banks and two Spanish lenders to run the privatization of state-owned airport operator Aena Aeropuertos.

  • Grupo Mexico Nears Deal to Buy Stake In Arizona Copper Mine

    Grupo Mexico, one of the world's largest copper producers, is nearing a deal to acquire Mitsui & Co.'s 25% stake in the Silver Bell copper mine in Arizona for about $120 million, according to people familiar with the matter.

  • Brazil's Coocafe Sees Its Coffee Output Down by About One-Third This Year

    SÃO PAULO—Brazilian coffee cooperative Coocafe expects production among its members to fall by about one-third this year because of the recent drought, its president said Tuesday.

  • Credit Suisse to Exit Commodities Trading

    LONDON—The banks' retreat from commodities trading has turned into a stampede.On Tuesday, Credit Suisse Group AG became the latest lender to chop its commodities-trading unit, joining a litany of banks fleeing a sector that is struggling ...

  • Europe Markets Rise But Russia Tensions Remain In Focus

    Mounting tensions between Russia and the West continued to dominate the mood across European markets Tuesday, although stocks rebounded from Monday's lows.

  • Verizon's Profit Improves Sharply on Better Tablet Sales

    Verizon Communications Inc. got a significant boost in subscribers in the second quarter from customers buying tablets, helping the nation's largest carrier reel in about 50% more customers than it gained in the same period last year.

  • Families Provide DNA to Aid MH17 Victims' Identification

    PUTRAJAYA, Malaysia—Most of the Malaysian families of those who died on Malaysia Airlines Flight 17 gave DNA samples and descriptions of their loved ones to Malaysian police on Tuesday in the first stage of a painful identification process.

  • Omnicom Posts Strong Sales Growth

    Omnicom Group posted its strongest sales growth in nearly three years as revenue increased across most of the advertising giant's major markets, with particular strength in the U.S.

  • Hungary Ends Two-Year Easing Cycle

    BUDAPEST—Hungary's central bank cut its key interest rate Tuesday, bringing an end to a two-year easing cycle that officials said was necessary to meet their inflation target, but critics charged was too aggressive and undermined the ...

  • David Wright, New York's (Other) Captain, Marks a Decade With the Mets

    SEATTLE—Lost amid the fanfare of Derek Jeter's yearlong farewell tour, the other captain in New York baseball has been approaching a significant career milestone of his own: Monday's contest here against the Mariners marked the 10th ...

  • Thai Stocks, Currency on the Rise as Confidence Grows

    SINGAPORE—Thailand's baht rose to its strongest level in eight months and the nation's stocks are rallying as signs accumulate that the economy is rebounding following two months of army-enforced political stability.

  • Employee at Investor-Relations Firm Settles SEC Trading Charges

    A partner at a New York-based investor-relations firm settled charges that he acted on confidential information to make stock trades in companies whose press releases he helped prepare, federal regulators said Tuesday.

  • Corrections &Amplifications

    Israeli armored personnel carriers were incorrectly identified as tanks in a photo caption accompanying a World News article Saturday about U.S. diplomacy in the Middle East.

  • J.P. Morgan Starts Homeowner Loan Relief Under $13 Billion Pact

    WASHINGTON—J.P. Morgan Chase & Co. has started providing homeowners with loan assistance as part of a $13 billion Justice Department settlement over the sale of residential mortgage-backed securities.

  • Dunga to Helm Brazil Soccer Team

    SÃO PAULO—Brazil's soccer confederation on Tuesday named former star Carlos Caetano Bledorn Verri, known as Dunga, to be the new coach of the country's national squad, nearly four years after he was fired from the same post.

  • Kimberly-Clark Cuts Outlook Amid Fresh Competition

    Kimberly-Clark Corp. reported lower second-quarter results and cut its outlook citing a tough economic environment and the anticipation of increased competition.

  • Jury Finds Friend of Accused Marathon Bomber Guilty in Obstruction Case

    BOSTON—A former college student was found guilty Monday of trying to thwart the investigation into the 2013 Boston Marathon bombing by helping remove a backpack from the accused bomber's dorm room three days after the deadly attack.

  • Lockheed Martin Eyes End to F-35 Probe, Raises Earnings Guidance

    A senior Lockheed Martin Corp. executive on Tuesday said investigators are close to nailing down the cause of an engine fire that grounded the fleet of F-35 jet fighters and delayed testing on the aircraft ahead of its planned entry into ...

  • Publicis's First-Half Net Profit Falls

    PARIS—Publicis Groupe SA hinted Tuesday that it may miss its full-year targets as first-half profits and sales missed expectations, highlighting the challenges the French advertising giant faces after the collapse of its proposed merger ...

  • South Sudan Rebels Fail in Bid to Meet Uganda's President

    KAMPALA Uganda—A South Sudan rebel delegation left the Ugandan capital late Monday without meeting Ugandan officials, marking a setback for the rebels in their bid to convince Kampala to pull troops out of the crisis-stricken nation, ...

  • Special Planning for Special-Needs Children

    When adviser Brady Murray's wife gave birth to their second child seven years ago, the couple was overjoyed.Then, 10 minutes after the delivery, Mr. Murray's feelings of elation turn to shock. The couple's doctor had just taken him aside ...

  • Julia Stiles on Andrew Bird's 'Lusitania'

    Actress Julia Stiles appeared in the "Bourne" film series. She will star in the off-Broadway play "Phoenix" at New York's Cherry Lane Theater from Monday through Aug. 23. She spoke with Marc Myers.

  • McIlroy Builds his British Open Lead

    Hoylake, EnglandAdam Scott, world No. 1 and among the favorites here at the 143rd British Open, knew what he would have to do on Friday after his opening round 68: Go even lower.

  • Cooler Weather Aids Crews Fighting Washington Fire

    SPOKANE, Wash.—Firefighters and local authorities are heartened by weather forecasts that call for continued cooler temperatures and higher humidity as they battle a destructive wildfire that has charred hundreds of square miles in ...

  • Philippines Scraps Limits on Foreign Bank Ownership

    MANILA—Overseas banks are free to participate fully in the Philippine economy for the first time, after President Benigno Aquino III signed a law removing restrictions on foreign ownership.

  • Slowing Decline in Italian Lending Offers Glimmer of Hope

    MILAN—Italian bank loans continued declining in June, but at the slowest pace since March last year, a rare piece of good news for the battered Italian economy.

  • EU Adds New Targets for Syria Sanctions

    BRUSSELS—European Union foreign ministers agreed to expand sanctions Tuesday against the regime of Syrian President Bashar al-Assad, the bloc said in a news release.

  • Moscow Metro Boss Fired After 22 Killed in Crash

    MOSCOW—Russian news agencies say the head of Moscow's subway system has been fired in the wake of a rush-hour derailment that killed 22 people and injured 136 others.

  • India Still Negotiating Dassault Jet Purchase, Defense Minister Says

    NEW DELHI—India is still negotiating a long-delayed purchase of fighter jets from France's Dassault Aviation.India initially agreed to the purchase of 126 Rafale fighter jets from Dassault in 2012 but the purchase has been stuck in ...

  • Malaysia Says Flight 17 Black Boxes in 'Good Condition'

    Malaysia said Tuesday flight-data recorders from downed Malaysia Airlines Flight 17 in Ukraine appear to be in "good condition" and its officials will hold on to the so-called black boxes until an international investigation team is ...

  • Is the Price Too High for All-Star David Price

    David Price, the American League's strikeout leader, is arguably the best starting pitcher to be available on the trade market since Tom Seaver, so it's understandable that the floundering, payroll-challenged Tampa Bay Rays are having a ...

  • U.S. Faces Growing Threats, 9/11 Commission Cautions

    WASHINGTON—The U.S. faces a growing array of threats, from new terrorist havens to cyberattacks, but the American public doesn't appreciate these dangers and is growing complacent, warns a new report from the former members of the ...

  • Gannett Profit Rises 84% on Broadcasting Unit Growth

    Gannett Co. Inc. said its second-quarter earnings rose 84% on a big boost from its broadcasting operations, which expanded with the media company's $1.5 billion acquisition of broadcaster Belo Corp. last year.

  • Cambodian Politicians Reach Deal to End Deadlock

    PHNOM PENH, Cambodia—Cambodia's government and opposition said on Tuesday they have agreed on a compromise to share power that will end a deadlock of nearly a year in the national legislature.

  • Ex-J.P. Morgan Banker Accepts U.K. Regulator's Fine

    LONDON—Ian Hannam, the former chairman of capital markets at J.P. Morgan London and one of the bankers most closely associated with London's mega-mining boom, Tuesday agreed to pay a £450,000 ($768,654) fine for engaging in market abuse.

  • The Benefits of Failure

    Four years ago, Democrats enacted the Dodd-Frank law on the theory that some banks are too big to fail and that regulators have the wisdom to identify which ones. Today the company that disproved that theory is back in the news.

  • Detroit Pension Holders Approve City's Debt-Cutting Bankruptcy Plan

    Detroit's bankruptcy plan approached a new stage Monday after city pension holders endorsed a debt-cutting plan that would dent, but not decimate, their future benefits.

  • Pork Producer WH Group to Relaunch Slimmer Hong Kong IPO Wednesday

    HONG KONG—WH Group Ltd., the pork producer that withdrew an initial public offering originally meant to raise more than US$5 billion in April, plans to relaunch the deal Wednesday, seeking US$2.05 billion.

  • China's Huarong to Sell $2 Billion Stake

    HONG KONG—China Huarong Asset Management Co. is completing a deal to sell a roughly $2 billion stake to a group that includes Malaysia's state investment arm and Goldman Sachs Group Inc., according to people familiar with the matter.

  • Level 3 to Expand Management Team Following TW Telecom Deal

    Internet provider Level 3 Communications Inc. said Tuesday that plans to expand its management team following the close of its deal to acquire rival TW Telecom.

  • Peabody Energy Reports Loss

    Peabody Energy Corp. swung to a second-quarter loss as the coal-mining company was hurt by weaker coal prices at its Australia operations and the year-earlier period benefited from a big tax benefit.

  • What's News: World-Wide

    The U.S. called for an immediate cease-fire in Gaza as the death toll neared 600. Israel signaled it would continue efforts to destroy tunnels used by Hamas to mount attacks.

  • WH Group's Twice-Cooked Pork Should Fly

    There's no shame in piggy coming back to the market, especially if he has cut his price.The world's top pork company, WH Group, is once again preparing an IPO three months after a previous attempt flopped. The product of Chinese pork ...

  • Rockwell Collins Profit Falls

    Rockwell Collins Inc. said its fiscal third-quarter earnings fell 3.6% as costs rose, while the aerospace-technologies company saw a recent acquisition again drive an increase in revenue.

  • Game Site Gree Seeks Growth Through Hotel Bookings

    TOKYO—Japanese mobile-game developer Gree Inc. is hoping a foray into the hotel-booking business can help restore profits hit by declining sales of products linked to its games.

  • Mead Johnson Sales Rise

    Mead Johnson Nutrition Co. said its second-quarter profit slipped slightly as the maker of nutritional products reported higher sales that were offset in part by higher dairy costs.

  • What's News: Business & Finance

    Apple is preparing for its largest production run of iPhones ever later this year, betting that larger-screen models will lure consumers.Allergan is laying off 13% of its workers and cutting some drug research as it tries to cut costs in a ...

  • Cigarette Shipment Volumes Weigh on Altria

    A continued slowdown in cigarette shipment volume weighed on Altria Group Inc.'s bottom line, though the cigarette maker's adjusted earnings improved.

  • Ingersoll-Rand Profit Falls 3.5%, Lifts Guidance

    Ingersoll-Rand PLC said its second-quarter earnings fell 3.5% as restructuring-related and other costs offset an increase in revenue in both its industrial and climate segments.

  • The 10-Point.

    Good morning,With progress finally being made at the crash site of Malaysia Airlines Flight 17, the focus may now tighten on establishing who was responsible for bringing down the plane. We report that separatists in Ukraine released the ...

  • Domino's Posts Stronger-Than-Expected Results

    Strengthening domestic and international sales buoyed Domino's Pizza Inc.'s second-quarter profit, helping the bottom line climb 16% at the pizza chain.

  • Wacker Chemie Raises Earnings Forecast

    FRANKFURT—Germany's Wacker Chemie AG Tuesday raised its full-year earnings forecast, driven by strong demand for its polysilicon products and reduced costs.

  • Aluminum Physical Delivery Premiums at Record Levels

    OSLO—Aluminum producer Norsk Hydro ASA's Chief Executive Svein Richard Brandtzaeg said Tuesday that premiums for the physical delivery of aluminum had risen to record levels this year amid a tighter market, a rise that could continue for ...

  • Hong Kong Climbs, Indonesia Shares Fall

    Hong Kong stocks closed at the highest level since December on Tuesday, with property developers enjoying strong gains on hopes of policy changes in mainland China, while Indonesian stocks sank ahead of presidential election results.

  • Two Trains Collide in South Korea

    SEOUL, South Korea (AP)—Officials say two trains have collided head-on in eastern South Korea, leaving one passenger dead and dozens of others injured.

  • Regions Financial Profit Climbs

    Regions Financial Corp. said its second-quarter profit grew 12% as the bank's lending portfolio and interest income grew.The Birmingham, Ala.-based bank is one of the biggest lenders in the Southeast, competing against BB&T Corp. and ...

  • Great Lakes Around the World

    The Hidden Gem // Morskie OkoStraddling the border between Poland and Slovakia, the Tatra mountains mark the highest point of the Carpathian mountain range and are pockmarked with crisp alpine lakes. The loveliest is also the largest, ...

  • ARM Boosted by Licensing Revenue

    LONDON—Computer-chip designer ARM Holdings PLC reported a rise in second-quarter profit helped by higher licensing revenue, though growth was soft in the royalties it earns when manufacturers ship chips.

  • El Al Israel Airlines Sees Revenue Hit From Gaza Conflict

    JERUSALEM—El Al Israel Airlines Ltd. said on Tuesday it expects its third-quarter revenue to fall by as much as $50 million due to canceled bookings as Israel's armed conflict with Gaza Strip militants stretches into a third week.

  • Weaker Euro is a Bear Necessity

    They say patience is a virtue. Investors betting on a weaker euro have had to be patient indeed. But the tide may slowly be turning in their favor.

  • Itochu, Sumitomo Seek to Sell Australian Coal Project Stake

    SYDNEY—Japanese trading houses Itochu Corp. and Sumitomo Corp. are seeking to sell a stake in an Australian coal project, the latest example of overseas investors scaling back mining bets amid a deep downturn in commodity prices, two people ...

  • Saudi Arabia to Open Stock Market to Foreigners in First Half 2015

    DUBAI—Saudi Arabia's regulator on Tuesday said it plans to open its $530 billion stock market to foreign investors in the first half of 2015, a move that will likely help draw hundreds of millions of dollars in investment to the Arab Gulf ...

  • Swatch Pressured by Strong Swiss Franc

    ZURICH—Swatch Group AG said Tuesday that first-half profit fell 12% as a persistently strong Swiss franc curbed sales in key countries such as China and the U.S., but it remained upbeat on its outlook for the rest of the year.

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20 21 22 23 24 25 26
27 28 29 30 31