News Archive for September 28, 2016

  • Two Children, Teacher Wounded in South Carolina School Shooting

    Shooting Reported at South Carolina Elementary School Two children and a teacher were injured Wednesday afternoon in a shooting at a South Carolina elementary school, according to a law-enforcement official.

  • John Kerry Threatens to Suspend Talks With Russia on Syria

    Kerry Threatens to Suspend Syria Talks With Russia Secretary of State John Kerry told his Russian counterpart that the U.S. was preparing to suspend its engagement with Moscow on Syria if Russia doesn’t take “immediate steps” to halt an offensive on Aleppo.

  • U.S. Government Bonds Pull Back as Oil Prices Climb

    Treasury Yields Rise as Oil Prices Climb U.S. government bonds pulled back Wednesday, as reports that the Organization of the Petroleum Exporting Countries could limit production fueled a rally in riskier assets and sapped demand for haven debt.

  • FDA Approves Medtronic’s New Automated Insulin Pump

    FDA Approves Medtronic’s New Automated Insulin Pump The U.S. Food and Drug Administration said it has approved an insulin pump by medical device company Medtronic that automatically manages glucose levels within a target range.

  • Natural Gas Falls as Cooler Weather Begins to Take Hold

    Natural Gas Falls as Cooler Weather Begins to Take Hold Natural gas prices settled lower Wednesday on expectations that demand for the fuel would decline as temperatures cool.

  • U.S. Stocks Rise as Oil Prices Rally

    U.S. Stocks Rise as Oil Prices Rally Stocks rose as the price of oil surged. The gains catapulted both oil and energy companies in the S&P 500 into positive territory for the month of September.

  • Two Charged in Death of 6-Year-Old Boy

    Two Charged in Death of 6-Year-Old Boy A woman and her boyfriend face charges of acting in a manner injurious to a child related to the Monday death of 6-year-old Zymere Perkins.

  • Police Searching for Suspect in Fatal Shooting in Brooklyn Deli

    Police Searching for Suspect in Fatal Shooting in Brooklyn Deli Man opened fire Wednesday in a deli in Bedford-Stuyvesant neighborhood, killing a 38-year-old man.

  • Sumner Redstone’s National Amusements to Call on Viacom and CBS to Explore Merger

    Redstone Firm to Call on Viacom, CBS to Weigh Merger National Amusements, the controlling shareholder of Viacom and CBS, is set to call for the media companies to consider a merger, according to a person familiar with the matter.

  • SABMiller, AB InBev Shareholders Approve $100 Billion-Plus Merger

    SABMiller, AB InBev Shareholders Approve Merger Anheuser-Busch InBev won approval for its $100 billion takeover of SABMiller, ushering in a new world order for the beer industry.

  • A New Twist on Greece’s Old-Style Dysfunction

    A New Twist on Greece’s Old-Style Dysfunction A complex scandal signals Syriza is reviving the government-bank-media axis the party once campaigned against.

  • The Longest Walks at the Airport

    The Middle Seat The Longest Walks at the Airport As terminals expand and moving walkways disappear, you could be in for a serious hike to your gate, Scott McCartney writes.

  • Restaurant Chain Cosi Inc. Files for Chapter 11

    Restaurant Chain Cosi Inc. Files for Chapter 11 Cash-strapped soup and sandwich chain Cosi Inc. has filed for chapter 11 protection with plans of selling itself to lenders.

  • Oil Prices Rally on OPEC News

    Oil Prices Rally on OPEC News Oil prices climbed on a news report that the Organization of the Petroleum Exporting Countries could agree to limit production in November, though a deal isn’t final.

  • Ban Business Dinners and 7 More Career Tips From the CEOs of GM and Chase

    Ban Business Dinners and 7 More Career Tips From Top CEOs General Motors’ Mary Barra and JPMorgan’s James Dimon shared stories from their own careers and talked frankly about how things work in their own businesses at a Women in the Workplace event in New York Tuesday night.

  • U.S. Airstrike Kills at Least 15 Afghan Civilians, Residents Say

    U.S. Airstrike Kills at Least 15 Afghan Civilians, Residents Say An airstrike killed at least 15 civilians at a private residence in east Afghanistan, local residents said, but Afghan security officials claimed it was militants who were targeted.

  • DraftKings Investigating Potential Collusion in $1 Million Contest

    DraftKings Investigating Potential Collusion in $1 Million Contest The daily-fantasy website probing to see if player violated guidelines by sharing lineup with brother

  • HP Inc. Apologizes for Move that Blocked Rival Printer Cartridges

    HP Inc. Apologizes for Move that Blocked Rival Printer Cartridges HP Inc. apologized for how it handled a recent move that stopped ink cartridges supplied by other vendors from working with some HP printers.

  • Fed’s Janet Yellen Says ‘No Fixed Timetable’ on U.S. Rate Increase

    Fed’s Yellen Says ‘No Fixed Timetable’ on U.S. Rate Increase Federal Reserve Chairwoman Janet Yellen told U.S. lawmakers on Wednesday that there is “no fixed timetable” for raising interest rates as the economy continues its recovery.

  • OPEC Agrees on Need to Cut Oil Output

    OPEC Reaches Understanding on Cut to Oil Output OPEC reached a consensus that members need to reduce crude-oil production to lift petroleum prices, but the cartel will wait until November to finalize a plan to tackle a supply glut that has lasted longer than expected.

  • Experts Warn Terror Victims Bill Could Expose U.S. to Legal Threats

    Experts Warn Terror Victims Bill Could Expose U.S. to Legal Threats Legal experts warn that the U.S. and its top government officials could be exposed to an array of new legal threats now that Congress has overridden President Barack Obama’s veto of legislation authorizing Americans to sue foreign governments over terrorist acts.

  • Senate Passes Spending Bill to Keep Government Running Through Dec. 9

    Senate Vote Advances Bill to Keep Government Running The Senate passed a short-term spending bill keeping the government running through early December. The bill is expected to clear the House as soon as tonight.

  • SEC Approves Rules for Clearinghouses Deemed Too Big to Fail

    SEC Adopts Rules for Clearinghouses Clearinghouses that guarantee trades in equity, fixed-income and derivatives markets will have to maintain a capital buffer that would allow them to meet their obligations in the case of a failure, under new rules approved Wednesday by U.S. securities regulators.

  • BlackBerry Can’t Let Software Get Hung Up

    Heard on the Street BlackBerry Can’t Let Software Get Hung Up BlackBerry’s exit from handsets puts all hope on software, where competition is fierce.

  • Pittsburgh Tribune-Review to Stop Publishing Print Edition

    Pittsburgh Tribune-Review to Stop Publishing Print Edition Trib Total Media, the newspaper group that rose to prominence under the ownership of the late billionaire Richard Mellon Scaife, will cease publishing the Pittsburgh print edition of its flagship title, the Tribune-Review.

  • Senate Panel Unanimously Approves CFTC Nominees

    Senate Panel Unanimously Approves CFTC Nominees The Senate Agriculture Committee on Wednesday approved two long-delayed nominees to the Commodity Futures Trading Commission.

  • Yellen Pressed to Scrutinize Big Banks in Wake of Wells Fargo Scandal

    Yellen Pressed to Scrutinize Big Banks in Wake of Wells Fargo Scandal Federal Reserve Chairwoman Janet Yellen promised lawmakers the central bank will scrutinize all big banks in the wake of Wells Fargo’s phony account scandal, the latest sign that fallout from the firm’s missteps could affect the entire industry.

  • Photos: BlackBerry Over the Years

    Photos: BlackBerry Phones Over the Years BlackBerry said it would stop making its phones and will outsource production as sales continue to dwindle. Here’s a look at BlackBerry device models over the years.

  • California Treasurer to Suspend Some Business With Wells Fargo

    California Treasurer to Suspend Some Business With Wells Fargo California Treasurer John Chiang said his office would stop doing some business with Wells Fargo & Co. over its burgeoning sales scandal.

  • Congress Overrides Obama’s Veto of Bill Allowing Terror Victims to Sue Foreign Governments

    Congress Overrides Obama’s Veto of Terror Victims Bill Congress voted overwhelmingly to override President Barack Obama’s veto of legislation that would allow Americans to sue foreign governments over terrorist attacks, the first such rebuke to the president since he took office.

  • Lufthansa Approves Full Takeover of Brussels Airlines

    Lufthansa Approves Full Takeover of Brussels Airlines German carrier Deutsche Lufthansa is doubling down on a strategy of improving its prospects through growth at budget unit Eurowings by adding rented planes from rival Air Berlin and moving ahead with the takeover of Brussels Airlines.

  • California Law Firm Hires Former Solicitor General for Washington, D.C., Office

    California Law Firm Hires Former Solicitor General An elite California law firm is using the change in administration at the White House to its advantage. Munger, Tolles & Olson said it is hiring Donald Verrilli Jr., who stepped down as solicitor general in June, to launch a Washington, D.C., office for the firm.

  • U.K. Labour Party Leader Seeks to Rally Members

    U.K. Labour Party Leader Seeks to Rally Members The leader of the U.K.’s main opposition, Jeremy Corbyn, has signaled his Labour Party wouldn’t seek to limit immigration into Britain and said the party should prepare in case an early national election is called next year.

  • Companies Pick Wages Against the Machine

    Heard on the Street Companies Pick Wages Against the Machine This year’s weak capital spending figures are at odds with the strength in U.S. hiring.

  • Saudi Aramco’s Retirees Hold On Tightly to Their Company Ties

    Saudi Aramco Retirees Hold On Tightly to Their Company Ties Saudi Aramco—the world’s biggest oil company heading toward the world’s biggest public offering—has been largely walled off from Westerners, but a select group of Americans have a unique insider perspective: its retirees.

  • FBI Director Defends Agency’s Actions in Clinton Email Probe

    Director Defends FBI’s Action in Clinton Email Probe The head of the Federal Bureau of Investigation sparred repeatedly with Republican lawmakers Wednesday as they questioned the handling of the FBI’s probe into Hillary Clinton’s use of a private email server when she was Secretary of State.

  • World Leaders Pay Their Respects to Shimon Peres

    World Leaders Pay Their Respects to Shimon Peres Tributes to Shimon Peres poured in from global leaders, as Israel mourned one of its founders and its longest-serving international statesman.

  • Costco Must Do More to Battle Amazon

    Costco Must Do More to Battle Amazon Costco shares should continue to suffer under the weight of competition from Amazon.com and others.

  • Mexico Awards Contracts to Secure Renewable Energy

    Mexico Awards Contracts to Secure Renewable Energy Mexico’s opening of its electricity market after decades of state control is driving fierce competition among suppliers of clean energy and pushing prices down, as renewable energies gain traction across Latin America.

  • Apple and Deloitte Form ‘Enterprise Next’ Service Geared to Businesses

    Apple and Deloitte Form Enterprise Service Apple and Deloitte & Touche have formed a service called Enterprise Next, through which 5,000 Deloitte consultants will advise clients in a range of industries on using Apple mobile devices.

  • Debating Robert Barro on the Non-Recovery

    Debating Robert Barro on the Non-Recovery Prof. Robert Barro might have acknowledged some of the accomplishments of President Obama and his team.

  • ECB’s Easy-Money Policies Averted a New Great Depression, Draghi Says

    ECB’s Easy-Money Policies Averted a New ‘Great Depression,’ Draghi Says European Central Bank President Mario Draghi told German lawmakers that the ECB’s easy-money policies had helped avert a new Great Depression in the eurozone.

  • Ethiopia Set to Gain Transport Lifeline to Sea with New $4 Billion Railway

    Ethiopia Set to Gain Transport Lifeline to Sea with New $4 Billion Railway Project backed by China will connect Addis Ababa to seaport at Djibouti, aiding Ethiopian agriculture exporters.

  • Och-Ziff to Pay $400 Million to Settle U.S. Foreign Bribery Probe

    Och-Ziff to Pay $400 Million to Settle U.S. Foreign Bribery Probe Och-Ziff Capital Management Group LLC will pay about $400 million and a subsidiary will plead guilty to settle foreign bribery charges with the U.S. authorities in a criminal settlement, according to people familiar with the matter.

  • Foreign VAT Hurts the U.S. Balance of Trade

    Foreign VAT Hurts the U.S. Balance of Trade Many of our trading partners and competitors in the international market employ the VAT to relieve a significant portion of domestic taxes from their export sales, and conversely, apply it to imports, even from non-VAT countries such as the U.S.

  • Philippines Leader to End Joint Military Exercises, Naval Patrols With U.S.

    Philippines Leader to End Military Exercises, Naval Patrols With U.S. Philippines President Rodrigo Duterte says military exercises scheduled for next month with the U.S. will be the last for the longtime allies, as he seeks to avoid upsetting China, with which he hopes to strengthen ties.

  • Ms. Burch, We Don’t Need Time Off to Vote

    Ms. Burch, We Don’t Need Time Off to Vote Voting is our civic duty and one should not have to be coerced into fulfilling that responsibility.

  • White After Labor Day

    White After Labor Day? Sure. When the temperature stays high into fall, people chafe against rules on summery fashions

  • Gold Prices Fall on Stronger Dollar

    Gold Prices Fall on Stronger Dollar Gold prices fell to a one-week low on Wednesday on a stronger dollar and mixed views on the likelihood of a rate increase by the Federal Reserve in December.

  • Did I Miss the New Status of Forces Deal With Iraq

    Did I Miss the New Status of Forces Deal With Iraq? I must have missed the administration’s announcement about reaching a SOFA with Iraq. Maybe not. Perhaps we are just letting our people hang out to dry. Oh

  • It’s No Debate: Minow Was Right About TV All Along

    It’s No Debate: Minow Was Right About TV All Along I appreciate the op-ed by Newton N. Minow and Craig L. Lamay about the lack of respect for modern presidential debates

  • A Growth-Friendly Climate Change Proposal

    Capital Account A Growth-Friendly Climate Change Proposal Polarized politics have made it difficult to reconcile climate change and economic growth, but voters in Washington state are considering a revenue-neutral carbon tax proposal that does just that, Greg Ip writes.

  • Tencent Tries Out a Stickier WeChat

    China Circuit Tencent Tries Out a Stickier WeChat Columnist Li Yuan writes that Tencent’s WeChat messaging platform wants to become a one-stop app that users would rarely have to leave to use other mobile apps.

  • At Milan Fashion Week, Clothes Weren’t the Stars

    At Milan Fashion Week, Clothes Weren’t the Stars Designers from Dolce & Gabbana to Tod’s staged elaborate spectacles to generate social-media buzz; Gucci is poised to continue its trend-setting run.

  • Missile System That Downed MH17 Said to Be From Russia

    Missile System That Downed MH17 Said to Be From Russia Dutch prosecutors investigating the downing of Malaysia Airlines Flight 17 said the system used to shoot down the plane over Ukraine in 2014, killing all 298 people on board, originated in Russia.

  • Pope Francis Condemns Bombings of Aleppo

    Pope Francis Condemns Bombings of Aleppo Pope Francis condemned the bombings of Aleppo, Syria, that have killed hundreds since last week, and said those responsible “will have to account for themselves before God.”

  • Citigroup Teams Up With Rival Banks to Fight Venmo

    Citigroup Teams Up With Rival Banks to Fight Venmo Citigroup Inc. is set to join its fellow big banks in building a peer-to-peer payments app in the hope fending off fintech upstarts like Venmo.

  • A Moment for an Expressive Model

    The Rise of a More Expressive Model Anna Cleveland’s popularity reflects fashion’s growing appetite for bold style that plays well on video

  • French Central Bank Head Sees Usefulness in Negative Interest Rates

    French Central Bank Head Sees Use in Negative Interest Rates The head of the Bank of France said that while the European Central Bank’s negative interest rates are useful for fueling inflation, they have their limits.

  • New York Fire Department Honors Battalion Chief Killed in Explosion

    FDNY Honors Battalion Chief Killed on Duty Members of the New York Fire Department draped purple and black bunting outside a Bronx firehouse where Battalion Chief Michael Fahy served, a day after he was killed aiding in a building evacuation.

  • Bitmoji

    Bitmoji, Kimoji? A Guide to the Digital Sticker Craze Joanna Stern explains why digital illustrations, tech’s latest cash cows, are herding onto your phone screen.

  • Less Cash in the Mattress at Tempur Sealy

    Heard on the Street Less Cash in the Mattress at Tempur Sealy Tempur Sealy’s sales may continue to be pressured as online competition mounts.

  • SEC Says Anheuser-Busch InBev Indian Unit Made Improper Payments to Officials

    SEC Says Anheuser-Busch InBev Indian Unit Made Improper Payments to Officials The Securities and Exchange Commission said Wednesday that beer giant Anheuser-Busch InBev NV would pay $6 million to settle charges that it made improper payments to Indian government officials and then chilled a whistleblower who reported the misconduct.

  • American Airlines Faces Next IT Hurdle

    American Airlines Faces Next IT Hurdle American Airlines Group Inc., nearly three years after merging with US Airways, faces a major information-technology challenge this weekend, when it transitions all pilots and planes to one “flight operating system.”

  • Aleppo Airstrikes Continue as City’s Hospitals Reach Breaking Point

    Aleppo Airstrikes Continue as City’s Hospitals Reach Breaking Point The continuing Syrian and Russian bombardment of Aleppo has put intense strain on the city’s medical and rescue capabilities, leaving bodies under rubble and wounded patients to die in overwhelmed hospitals.

  • Fewer Students Are Defaulting On Loans After Leaving College

    Fewer Defaulting On Loans After Leaving College The share of borrowers defaulting on student loans within three years of leaving college has fallen modestly, though the number remains exceptionally high despite low unemployment.

  • Europe Concerned About Return of Islamic State Militants

    Europe Concerned About Return of Islamic State Fighters Europe is bracing for the potential return of large numbers of hardened militants triggered by an imminent U.S.-led military offensive on an Islamic State stronghold, U.S. and European counterterrorism officials say.

  • Wells Fargo CEO John Stumpf Still Faces Risks, Following $41 Million Clawback

    Wells Fargo CEO Still Faces Risks, Despite $41 Million Clawback For now, there are no signs John Stumpf is contemplating giving up his roles as chairman and chief executive over Wells Fargo’s sales-tactics scandal. And there haven’t been formal discussions at the board about his resigning from either position.

  • EU Opens In-Depth Review of Deutsche Börse, London Stock Exchange Merger

    EU to Probe Deutsche Börse, London Stock Exchange Merger The EU’s antitrust regulator has opened an investigation into the proposed merger of Deutsche Börse and the London Stock Exchange, citing concerns about reduced competition.

  • ‘D-List’ Star Kathy Griffin Lists Her ‘A-List’ Hollywood Hills Home

    ‘D-List’ Star Kathy Griffin Lists Her ‘A-List’ Hollywood Hills Home The comedian recently purchased a Bel-Air property that she said makes her neighbors with Kim Kardashian and Kanye West

  • London Calls the Cronut

    London Calls the Cronut Dominique Ansel is taking his doughnut-croissant hit across the pond, opening his first European bakery in London. It took him 1,000 tries to achieve the right flake and moisture with French flour and fattier milk.

  • European Regulators Weigh State Aid for Troubled Banks

    European Regulators Weigh State Aid for Troubled Banks European regulators are open to using public funds to help clean up toxic assets weighing on bank balance sheets and hampering lending in the bloc’s struggling economy, two officials said at a WSJ Pro event in London.

  • Wal-Mart Is in Talks to Invest in Indian Startup Flipkart

    Wal-Mart in Talks to Invest in Flipkart A deal would give Flipkart a powerful partner in its battle against Amazon to become the dominant online retailer in India.

  • UBS Settles SEC Claims That Sales Reps Weren’t Properly Trained on Complex Products

    UBS Settles Claims That Sales Reps Weren’t Properly Trained UBS Group agreed to pay more than $15 million to settle Securities and Exchange Commission accusations that the Swiss bank’s U.S. unit failed to adequately train sales representatives about the risks of certain complex financial products that were sold to individual investors.

  • Yahoo Hackers Were Criminals Rather Than State-Sponsored, Security Firm Says

    Yahoo Hackers Were Criminals Rather Than State-Sponsored, Security Firm Says An information-security firm says the hackers who stole at least 500 million records from Yahoo are criminals who are selling access to the database, and not a state-sponsored group as Yahoo contends.

  • Corporate-Bond Buying Attracts Doubts as Growth Tool for Europe

    Corporate-Bond Buying Attracts Doubts as Growth Tool for Europe European central banks are looking to corporate debt to help get the region’s economy firing on all cylinders again, but many companies are wary of investing the proceeds from those purchases.

  • Ferrellgas Quarterly Loss Deepens Much More Than Expected

    Ferrellgas Quarterly Loss Deepens Much More Than Expected Ferrellgas Partners posted a quarterly loss that was much deeper than expected, as the propane distributor booked a hefty asset-impairment charge and said it needs to cut debt to maintain its credit agreements.

  • The Race to Universal ‘One Click’ Shopping

    The Race to Universal ‘One Click’ Shopping Jack Ma’s idea of digital free trade would be a boon for consumers and smaller merchants.

  • Witness: Christie Associates Compared Their Jobs to Fixer’s in ‘Pulp Fiction’

    Witness: Christie Associates Compared Their Jobs to Fixer’s in ‘Pulp Fiction’ A fourth day of testimony by former Port Authority official David Wildstein in the “Bridgegate” trial focused on the appearance of defendant Bill Baroni before a legislative committee in 2013 to explain the George Washington Bridge lane closures.

  • Apple to Move Into London's Battersea Power Station

    Apple to Move Into London’s Battersea Power Station Silicon Valley giant Apple said that it planned to relocate 1,400 employees to a new London campus in 2021, in a sign that international corporations remain committed to the U.K. after June’s Brexit vote.

  • Stephen Shore’s Never Before Seen Photos of Andy Warhol’s Factory

    Stephen Shore’s Never Before Seen Photos of Andy Warhol’s Factory Stephen Shore dropped out of school in his teens and became one of the main photographers to document the scene at Warhol’s factory. His new book includes previously unpublished images.

  • ‘D-List’ Star Kathy Griffin Lists Her ‘A-List’ Hollywood Hills Home

    ‘D-List’ Star Kathy Griffin Lists Her ‘A-List’ Hollywood Hills Home The comedian is putting what she calls her “A-list” home on the market months after purchasing a Bel-Air property for $10.5 million.

  • Kathy Griffin’s Hollywood Hills Home

    Kathy Griffin’s Hollywood Hills Home With five bedrooms and an elevator, the home served as the backdrop for the comedian’s Bravo reality show ‘Kathy Griffin: My Life on the D-List.’

  • Minnesota Investigators Turn Philando Castile Case Over to Prosecutor

    Minnesota Investigators Turn Philando Castile Case Over to Prosecutor The Minnesota Bureau of Criminal Apprehension said that it had completed its investigation into the police shooting of an armed motorist in a traffic stop this summer and has handed over its findings to a county prosecutor, who will decide whether to bring charges.

  • In his 90s, Shimon Peres Became Social Media Star

    Shimon Peres: Social Media Star In his 90s, Israel’s elder statesman added another achievement to his august resume, mastering social media platforms to pack more punch into the causes he championed.

  • Facebook, World Bank and OECD Link Up to Gather Data

    Facebook, World Bank and OECD Link Up to Gather Data Facebook is teaming up with the World Bank and the Organization for Economic Cooperation and Development to pioneer a new way of collecting data, taking the first step to what they hope will be broader, less expensive and more timely insights into the global economy.

  • Trump and Iraq

    BEST OF THE WEB Trump and Iraq What’s wrong with “fact checking”? Here’s a case study.

  • BlackBerry Outsourcing Handset Business

    BlackBerry Outsourcing Handset Business BlackBerry Ltd. said it would outsource the making of handsets and instead focus on developing secure software and services.

  • Russians Score as London Property Falls

    Russians Score as London Property Falls A weakened ruble is softening the blow of a falling post-Brexit property market in London for Russian investors.

  • Ron Meyer, Hollywood’s Mr. Nice Guy

    Ron Meyer, Hollywood’s Mr. Nice Guy From his early days as a superagent to his current reign as NBCUniversal’s vice chairman, Meyer has built a career on relationships. In his first profile in nearly two decades, the industry heavyweight goes off-script.

  • How to Get a Better Night’s Sleep on the Road

    Get a Better Night’s Sleep on the Road Start preparing hours, or even days, ahead for hurdles you may face; the power of the right light

  • Takata in Talks to Resolve Allegations of Criminal Wrongdoing Over Faulty Air Bags

    Takata in Talks to Resolve Allegations of Criminal Wrongdoing Takata is negotiating after U.S. prosecutors found evidence of unlawful conduct in the Japanese automotive supplier’s handling of rupture-prone air bags linked to numerous deaths and injuries.

  • Music Is at the Heart of Three Autumn Galas

    Heard & Scene Music Is at the Heart of Three Autumn Galas Sean ‘Diddy’ Combs was honored at the Harbor Salute to Achievement gala, while American Theatre Wing recognized actress Cicely Tyson and the Metropolitan Opera kicked off its 2016-17 season.

  • Paychex Profit Rises 4% as Client Base Continues to Grow

    Paychex Quarterly Profit Rises Paychex Inc.’s quarterly earnings rose 4% as the company continued to add more clients and revenue was boosted by an acquisition.

  • Major Japanese Investors Look Far Afield in a Search for Yield

    Major Japanese Investors Look Far Afield in a Search for Yield Some of the world’s richest but most timid investors—major Japanese institutions—have been venturing into foreign investments at an unprecedented rate this year.

  • OPEC Ministers Reach for Compromise on Oil Output

    OPEC Ministers Reach for Compromise on Oil Output OPEC ministers began a closed-door session this afternoon to discuss a proposed cut to the cartel’s oil production, the latest attempt to stem a two-year crude-oil rout.

  • Takata Sells Interiors Division to Piston Group

    Takata Sells Interiors Division to Piston Group Beleaguered Japanese air-bag maker Takata sold its interiors division to a Detroit entrepreneur, raising some cash amid mounting costs of recalls of the company’s rupture-prone safety devices.

  • The Freshest Beauty: Products Made and Mixed on the Spot

    The Freshest Beauty: Products Made and Mixed on the Spot Treatments made moments before application go above and beyond traditional premixed formulas.

  • Turkey’s Central Bank Chief Moves to Allay Inflation Fears

    Turkey’s Central Bank Chief Moves to Allay Inflation Fears Turkey’s central bank is determined to maintain price stability and will continue to use its monetary policy tools as necessary, Governor Murat Cetinkaya said amid concerns that the recent rate cutting cycle could spur inflation.

  • For Small-Town Cops, Opioid Scourge Hits Close to Home

    For Small-Town Cops, Opioid Scourge Hits Close to Home A flood of fentanyl and heroin is straining local budgets, putting police at risk as drug networks spread.

  • Samsung Looking Into Complaints About Replacement Galaxy Note 7s

    Samsung Looking Into Complaints About Replacement Galaxy Note 7s Samsung, grappling with a recall of its premium Galaxy Note 7 smartphone, said it is looking into complaints in the U.S. and South Korea that some replacement phones are overheating.

  • SolarCity Names Finance Chief, Pairs With Citi on Solar Funds

    SolarCity Names Finance Chief, in Solar Funds Venture SolarCity named a new chief financial officer and said it was working with Citi on a program to finance solar projects in the U.S.

  • Deutsche Bank Sells Abbey Life Unit to Phoenix for $1.2 Billion

    Deutsche Bank Lifted by $1.2 Billion Abbey Life Sale Deutsche Bank said it sold its U.K.-based Abbey Life insurance unit to Phoenix Group Holdings for $1.2 billion, boosting the German lender’s capital cushion slightly at a time of intense focus on its financial health.

  • This Goulash Runs Deep: A Classic Recipe

    This Goulash Runs Deep: A Classic Recipe For a girl and her grandmother, a hearty Hungarian stew spoke louder than words. This recipe traveled with a family from Hungary all the way to Queens, N.Y., and no wonder: Warming, meaty, paprika-spiced and profoundly satisfying, it provides comfort however chilly the conditions outside

  • U.S. Durable-Goods Orders Flat in August

    U.S. Durable-Goods Orders Flat in August U.S. factories reported flat demand for big-ticket goods in August, suggesting the economy continues to be restrained by sluggish business spending.

  • Chip Boom Helps Erase Toshiba’s Bad Memories

    Heard on the Street Chip Boom Helps Erase Toshiba’s Bad Memories Toshiba has more than doubled its operating profit forecast on strong memory prices, but it has to stay focused to compete.

  • Ford Recalls Focus Hatchbacks for Latch Release Problem

    Ford Recalls Focus Hatchbacks Ford is recalling about 74,000 Focus hatchback cars in the U.S. and Canada because the hatches can be unlatched too easily while the cars are moving.

  • Europol Warns of Cybercrime Surge

    Europol Warns of Cybercrime Surge The European Union’s police agency says cybercrime is rising, driven by an expansion in both the number of criminals working on the internet and a rise in the opportunities for criminal gain.

  • Dollar Ticks Up Ahead of Fed Speakers

    Dollar Ticks Up Ahead of Fed Speakers The dollar firmed Wednesday as investors looked to speeches from Federal Reserve officials throughout the day.

  • Our Need to Make And Enforce Rules Starts Very Young

    Our Need to Make and Enforce Rules Starts Very Young Children as young as 3 years old enforce social rules and conventions—even when they aren’t really there.

  • Proust’s Fashion Queen Reigns Again

    Icons Proust’s Fashion Queen Reigns Again A Manhattan museum will show the clothes of Élisabeth, Countess Greffulhe, a major inspiration for Marcel Proust’s “In Search of Lost Time.”

  • Metropolitan Museum of Art Cuts Staff

    Metropolitan Museum of Art Cuts Staff The Metropolitan Museum of Art is laying off 34 employees, or about 1.5% of its workforce.

  • Mascots Are Getting a Hall of Fame and It’s Making Benny the Bull Emotional

    The A-Hed Mascots Are Funny—Except When It Comes to the Mascot Hall of Fame As new shrine opens, furry practitioners of stadium pranks get choked up about joining Brutus Buckeye, the Famous Chicken and Mr. Met

  • India to Boycott South Asia Summit as It Blames Pakistan for Attack

    India to Boycott Regional Summit in Pakistan India and three other South Asian nations plan to boycott a regional summit that was to be held in Pakistan after New Delhi blamed Islamabad for a terrorist attack on a military base that killed 18 soldiers.

  • Cord-Cutting Could Cost Pay TV Industry $1 Billion in a Year, Study Says

    Cord-Cutting Could Cost Pay TV Industry $1 Billion in a Year, Study Says Pay TV providers could lose nearly $1 billion in revenue from cord-cutters over the next 12 months, as consumers find savings by switching to standalone internet and streaming services, a new survey says.

  • Nationwide to Acquire Annuities Company Jefferson National

    Nationwide to Acquire Annuities Company Jefferson National Nationwide Mutual Insurance is acquiring an annuities company that specializes in fee-based products, a sign of how new federal retirement-savings rules are starting to transform parts of the financial-services industry.

  • Saudi Stocks Tumble Again on Growth Concerns

    Saudi Stocks Tumble Again Saudi Arabian stocks fell sharply, extending losses this week, as investors worry about the impact of government wage cuts on an economy already struggling to cope with cheap oil.

  • State Street Snags Citizens Financial CFO

    State Street Snags Citizens Financial CFO State Street Corp. said Wednesday that Citizens Financial Group Inc.’s financial chief would be its new CFO.

  • Startup Offers Payment Insurance for Apartment Hunters

    Startup Offers Payment Insurance for Apartment Hunters As the apartment market soars across the U.S., one financial-services startup sees opportunity in helping tenants get into units they can’t qualify for on their own.

  • Live: Janet Yellen’s Financial Regulation Testimony on Capitol Hill

    Live: Janet Yellen’s Financial Regulation Testimony on Capitol Hill Bank stress tests, the Wells Fargo scandal and banks’ commodities businesses should be hot topics as Federal Reserve Chairwoman Janet Yellen testifies about regulation before the House Financial Services Committee, while she may face questions on monetary policy as well.

  • EU Proposes New Rules for Lobbyists

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