News Archive for February 20, 2017

  • Ecuador Leftist Leads Presidential Vote, but Runoff Appears Likely

    Ecuador Leftist Leads Presidential Vote, but Runoff Appears Likely Ecuadoreans waited anxiously on Monday for official results from the vote to replace President Rafael Correa, as pollsters, political analysts and the opposition predicted the presidential election would go to a runoff.

  • Samsung Heir, Seeking to Remake Family Legacy, Instead Faces Scandal

    Samsung Heir, Seeking to Remake Family Legacy, Instead Faces Scandal Lee Jae-yong took the South Korean conglomerate’s reins vowing to reshape it along Silicon Valley lines. Now a corruption probe has dragged him in, raising the biggest doubts yet about whether he has ushered his giant chaebol into a new era. (Feb. 17) (Dec. 9) (Nov. 27)

  • Trump Hits Out at Sweden Over Immigration

    Trump Hits Out at Sweden Over Immigration President Donald Trump criticized Sweden’s immigration policies after walking back his suggestion at the weekend that a major incident had recently occurred there.

  • Vitaly Churkin, Russia’s Ambassador to the United Nations, Dies Suddenly

    Russia’s Ambassador to U.N. Dies Suddenly Russia’s ambassador to the United Nations, Vitaly Churkin, died unexpectedly Monday, according to an announcement at the U.N. and Russia media reports.

  • Snap Tries to Jump-Start Spectacles’ Sales as Novelty Fades

    Snap Tries to Jump-Start Spectacles’ Sales as Novelty Fades As the company behind the popular messaging app Snapchat begins marketing its initial public offering this week, it will need to ensure its other product doesn’t become an afterthought.

  • Saudi Arabia Favors New York for Aramco IPO

    Saudi Arabia Favors New York for Aramco IPO Saudi Arabia is leaning toward listing its giant, state-run oil company in New York, London or Toronto and has soured on the prospect of floating the firm on an Asian stock exchange, people familiar with the matter said.

  • Rifts Among Southern Baptists Lead to Churches Withholding Funds

    Rifts Among Southern Baptists Lead to Churches Withholding Funds A Texas megachurch is withholding its donations to the Southern Baptist Convention, a tangible sign of the internal struggle over the direction of the country’s largest Protestant denomination.

  • Vice President Mike Pence Vows U.S. Support for European Union

    Pence Pledges EU Support on Ukraine, Terror, Economy Vice President Mike Pence said the U.S. commitment to the European Union was “steadfast and enduring,” seeking to reassure anxious European leaders. Mr. Pence pledged stepped-up cooperation on terror, the economy and said the U.S. would continue to hold Russia accountable for its actions in Ukraine.

  • How Ditching Football Saved Big East Basketball

    How Ditching Football Saved Big East Basketball The Big East is gambling that its basketball successes will pay dividends outstripping the football revenues the schools left behind.

  • Templeton’s Mobius Foresees Rapid Recovery of Brazilian Economy

    Templeton’s Mobius Foresees Rapid Recovery of Brazilian Economy The sprawling anticorruption investigation known as Operation Car Wash is no longer weighing on Brazilian asset prices, and the local economy could recover quickly amid economic reforms, according to emerging markets investment guru Mark Mobius

  • Kraft Heinz’s Interest in Unilever Comes Right Out of 3G Capital’s Playbook

    Kraft’s Interest in Unilever Comes Right Out of 3G’s Playbook Behind Kraft’s short-lived bid for rival packaged-food giant Unilever is a basic conundrum: The company is running out of ways to improve profitability through its own cost cuts.

  • Brazil’s Vale Seeks Single Class of Stock

    Brazil’s Vale Seeks Single Class of Stock Brazilian mining giant Vale SA announced a plan to create a single class of stock without a controlling shareholder, likely reducing the potential for government interference in what management characterized as a watershed for the company.

  • Europe’s Periphery Debt Market Welcomes New Member: France

    Europe’s Periphery Debt Market Welcomes New Member: France Investors are once again selling the bonds of Europe’s peripheral economies amid political concerns, and this time, that includes France.

  • Samsung’s Silver Linings Playbook

    Review & Outlook Samsung’s Silver Linings Playbook Corporate governance reform could foster greater competition.

  • California’s Dams Set to Face New Stress Tests

    California Dams to Face New Stress Tests With more rains headed in over the next several days, California’s overburdened dam system faces a new stress test after a near disaster at Lake Oroville last weekend raised questions about the health of the state’s extensive network of reservoirs.

  • A Statistical Trade Trick

    Review & Outlook A Statistical Trade Trick Trump officials borrow phony deficit math from liberal protectionists.

  • President Trump Will Be Able to Recast the Fed by Filling Vacancies

    President Trump Will Be Able to Recast the Fed by Filling Vacancies President Donald Trump will be able to recast the Federal Reserve by filling three or more vacancies on its seven-member board of governors, and is leaning toward candidates with banking and financial world experience rather than academic economists.

  • Syria Bombing Kills Four Russian Military Advisers

    Syria Bombing Kills Four Russian Military Advisers Four Russian military advisers in Syria were killed and two soldiers were injured by a remote-controlled explosive device, Russian news agencies said, citing a defense ministry report.

  • Greece’s Creditors Agree to Small Step in Bailout Negotiations

    Greece’s Creditors Agree to Small Step in Bailout Negotiations International creditors, eurozone finance ministers and the Greek government on Monday agreed to send technical teams back to Athens, a small step forward in the negotiations on the country’s next bailout tranche.

  • With Their Elevated Homicide Rates, Four Cities Stand Out

    High Murder Rates Vex Some U.S. Cities, Buck National Trend Murder rates in four big cities—Chicago, Baltimore, Milwaukee and Memphis, Tenn.—have returned to levels not seen since the 1990s, an alarming surge that police officials are struggling to slow even as crime nationally is near historic lows.

  • The DeMarcus Cousins Trade Could Be a Big Deal—for the Warriors

    The DeMarcus Cousins Trade Could Be a Big Deal—for the Warriors The New Orleans Pelicans now have two of the NBA’s best big men. Could they be a problem in the playoffs for Golden State?

  • Freeport-McMoRan Won’t Accept Terms of Indonesia’s Permit Deal

    Freeport-McMoRan Won’t Accept Terms of Indonesia’s Permit Deal The copper miner is heading toward a showdown with the Indonesian government that is threatening global supply of the metal and roiling the markets.

  • Knead Slime

    A-hed Knead Slime? These Business Girls Can Fix You Up Adolescent entrepreneurs cook up glutinous goop classmates love to squeeze, fold and poke. First ingredient: Elmer’s glue.

  • Stocks Gain Despite European Uncertainties

    Stocks Rise Despite European Uncertainties Global stocks continued their slow climb higher Monday, even as political jitters drove steep swings in European government bond markets.

  • Famine Declared in South Sudan

    Famine Declared in South Sudan United Nations agencies blame the hunger crisis in Unity state on fighting between supporters of President Salva Kiir and those backing his former deputy, Riek Machar.

  • Jim Mattis Says U.S. Isn’t in Iraq to Take Its Oil

    Mattis Says U.S. Isn’t in Iraq to Take Its Oil Jim Mattis, on his first trip to Iraq as defense secretary, said he plans to assess the fight against Islamic State in the country and that the U.S. isn’t there to take its oil.

  • WhatsApp Adds Snapchat-Like Story Feature Called Status

    WhatsApp Adds Snapchat-Like Story Feature Called Status WhatsApp’s 1.2 billion users will soon find a new feature that looks like it came straight from Snapchat. The Status tool will let people share photos, videos and animated GIFs with friends, all of which will disappear after 24 hours.

  • North Korea: Malaysia Investigation of Kim Jong Nam Killing Can’t Be Trusted

    North Korea: Investigation of Kim Jong Nam Killing Can’t Be Trusted North Korea’s ambassador to Malaysia said the killing of Kim Jong Nam, half brother of dictator Kim Jong Un, will hurt diplomatic relations between the two countries.

  • Man Shot in Back Outside New York Hotel

    Man Shot in Back Outside New York Hotel Police are searching for a suspect in the shooting of a man early Sunday outside a Manhattan hotel.

  • Amid Trump Controversies, Tax Overhaul’s Uncertain Path

    Capital Journal Amid Trump Controversies, Tax Overhaul’s Uncertain Path Almost lost in the multiple recent Trump White House controversies, Gerald F. Seib writes, is the uncertainty hanging over the one matter that many Republicans would put atop their priority list: a big tax cut.

  • Mike Pence Disappointed That Mike Flynn Was Inaccurate Over Russia Call

    Mike Pence Disappointed That Mike Flynn was Inaccurate Over Russia Call Vice President Mike Pence said he was disappointed that national security adviser Mike Flynn had given him inaccurate facts about his call with the Russian ambassador.

  • China Puts Heat on U.S. With North Korea Coal Crackdown

    China Puts Heat on U.S. With North Korea Coal Crackdown China’s suspension of coal imports from its ally North Korea gives Beijing more leverage to press the U.S. for fresh diplomatic efforts in curbing Pyongyang’s nuclear ambitions.

  • Unilever Pressure Rises After Kraft Heinz Withdraws Bid

    Unilever Pressure Rises After Kraft Heinz Withdraws Bid After the collapse of Kraft Heinz’s short-lived $143 billion attempt to buy Unilever, pressure is mounting on the Anglo-Dutch consumer-goods company to make bolder moves to buoy the stock price.

  • Kim Jong Nam Killing Caught on Video

    Kim Jong Nam Killing Caught on Video Security footage has emerged of the killing of Kim Jong Nam last week, showing two attackers took less than three seconds to carry out the assault on the half-brother of North Korean dictator Kim Jong Un. (Feb. 19) (Feb. 18) (Feb. 17)

  • Eurozone Consumer Confidence Weakens Amid Political Uncertainty

    Eurozone Consumer Confidence Weakens Amid Political Uncertainty Eurozone consumer confidence weakened in February for the first time since August, a sign that rising political uncertainty may be taking its toll on the economy.

  • What to Learn From Kraft Heinz-Unilever Unrequited Love

    Heard on the Street What to Learn From Kraft Heinz and Unilever Moving out of food would raise questions as to how Kraft Heinz bid for Unilever would achieve the kind of savings investors have come to expect from a deal driven by 3G Capital.

  • Bullish Oil Investors May Be Getting Ahead of Themselves

    Bullish Oil Investors May Be Getting Ahead of Themselves Investors have amassed a record number of bullish bets on oil, but market fundamentals have yet to catch up with their optimism—putting oil prices at risk of a large fall, analysts say.

  • Justin Amash Emerges as Leading Critic of Fellow Republican Donald Trump

    Libertarian Congressman Emerges as Vocal Trump Critic Rep. Justin Amash of Michigan has emerged as one of the leading Republican critics of President Donald Trump, using a tool the president himself often employs—an assertive presence on Twitter—to challenge and even taunt Mr. Trump.

  • Alzheimer’s: Pharma’s Great White Whale Is Still Worth Hunting

    Heard on the Street Alzheimer’s: Pharma’s Great White Whale Is Still Worth Hunting The drug industry has had multiple expensive failures trying to treat Alzheimer’s disease, yet the big potential payoff keeps it searching.

  • Shell Sees No Glut of Liquefied Natural Gas as Demand Rises

    Shell Sees No Glut of Liquefied Natural Gas as Demand Rises Royal Dutch Shell said there is no evidence of a glut in liquefied natural gas supply, taking a contrarian view on a market in which the Anglo-Dutch energy giant is one of the largest operators.

  • How Philadelphia Has Made Progress Against Violent Crime

    How Philadelphia Has Made Progress Against Violent Crime Philadelphia police have made progress curtailing the city’s violent-crime rate, even as it remains one of the deadliest big American cities.

  • Wall Street Starts to Contemplate GE After Jeff Immelt

    Wall Street Starts to Contemplate GE After Jeff Immelt Jeff Immelt gives no public signs he’s ready to retire as chief executive of General Electric, but investors are increasingly preparing for the inevitable.

  • For Generation Z, ‘Live Chilling’ Replaces Hanging Out in Person

    Keywords For Generation Z, ‘Live Chilling’ Replaces Hanging Out in Person For Generation Z, ‘live chilling’ replaces hanging out in person. Teens are finding their friends via video chat, in apps such as Houseparty, Fam and Kik, writes Christopher Mims.

  • HSBC Holdings Earnings Preview -- What to Watch

    HSBC Holdings Earnings Preview -- What to Watch HSBC Holdings PLC reports its fourth-quarter financial results Tuesday morning at 0400 GMT.

  • Trump Backing for Bayer’s Monsanto Deal Buoys Investors

    Trump Backing for Bayer’s Monsanto Deal Buoys Investors Investors in Bayer have taken heart from President Donald Trump’s apparent support for the German pharmaceuticals and chemicals firm’s planned $57 billion takeover of U.S. seed giant Monsanto.

  • Turning Flea-Market Finds Into Chic Décor

    Turn Flea-Market Finds Into Chic Décor An expert on decorating with flea-market finds explains how to pull off the look

  • Missile Shield Against North Korea Shakes Delicate Asia Ties

    Missile Shield Against North Korea Shakes Delicate Asia Ties South Koreans view a series of Chinese actions as retaliation against planned U.S.-built defense array that Beijing opposes as a threat to its security.

  • Smartphone Addicts Behind the Wheel Drive Car Insurance Rates Higher

    Smartphone Addicts Behind the Wheel Drive Car Insurance Rates Higher Costs associated with car crashes are outpacing premium increases for some insurance companies, and insurers say the use of smartphones to talk, text and access the internet while on the road is a new and important factor behind the wrecks.

  • Developed-Country Economic Growth Slows, Says OECD

    Economic Growth Slows in Developed Countries Economic growth in developed countries slowed sharply in 2016, and eased as the year drew to a close, figures from the Organization for Economic Cooperation and Development showed.

  • Wal-Mart Earnings: What to Watch

    Wal-Mart Earnings: What to Watch Wal-Mart’s same-store sales are seen increasing for the 10th consecutive quarter, a sign that initiatives to improve customer experience and boost e-commerce are working.

  • What’s Lurking in Credit Suisse’s Fat Margins

    What’s Lurking in Credit Suisse’s Fat Margins The Swiss bank’s wealth business is doing better than rivals, though investors should question its sustainability.

  • Oil Prices Rise Despite Higher U.S. Rig Count

    Oil Prices Rise Despite Higher U.S. Rig Count Even though the rig increase takes the count to its highest level since October 2015, bullish sentiment about cuts by OPEC and other major producers appears to be lifting the market.

  • Chinese Bank Cleanup Plan Could Leave a Mess

    Heard on the Street Chinese Bank Cleanup Plan Could Leave a Mess Attempts by China’s regulators to stem the use of shadow financing tools by the nation’s lenders haven’t been working.

  • China’s Alibaba Teams Up With Traditional Retailer

    Alibaba Teams Up With Traditional Retailer Alibaba Group is forming a strategic partnership with brick-and-mortar retailer Bailian Group in a deal that underscores the continued importance of traditional retailing.

  • Uber to Investigate Sexism, Harassment Claims

    Uber to Investigate Sexism, Harassment Claims Uber Technologies plans to investigate claims by a former engineer that the company failed to discipline a manager who mistreated female employees and ignored complaints of sexual harassment.

  • India Begins Building on Its Citizens’ Biometrics

    India Begins Building on Its Citizens’ Biometrics India is offering the world’s largest biometric-identity database for use by Indian companies and novice app developers—an opportunity that excites fans of cyber transactions but worries privacy advocates.

  • What’s News: World-Wide

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  • What’s News: Business & Finance

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  • ‘Freedom Highway’ by Rhiannon Giddens Review: Lives, Sounds and Purpose in the Details

    ‘Freedom Highway’ by Rhiannon Giddens Review The singer, composer and instrumentalist’s moving selection of songs illuminates African-American life across the centuries

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