News Archive for October 23, 2014

  • ‘Listen Up Philip’: Setting the Story Straight

    Philip Roth wasn’t exactly sucker-punched by the Nobel committee again this year, but he does get a glancing blow from Alex Ross Perry, whose New York Film Festival entry “Listen Up Philip” goes into wider release this week and is a very ...

  • Dollar Rises Against Yen on Upbeat U.S. Data

    The dollar rallied against the Japanese yen on Thursday after strong U.S. employment data inched forward market expectations for higher interest rates and as receding fears of a global economic slowdown encouraged investors to move into ...

  • Amazon’s Spending Leads to Biggest Loss Ever

    Amazon.com Inc. reported a significantly wider loss in the third quarter, despite a 20% boost in sales, as the company’s many investments continued to weigh on its bottom line.

  • U.S. Stocks Rally on Strong Earnings Reports

    U.S. stocks rallied Thursday, as strong corporate earnings helped the market resume its rebound from recent sharp losses and continued a wild ride for investors.

  • Royals Storm Back as Giants’ Bullpen Melts Down

    KANSAS CITY, Mo.—Five San Francisco Giant pitchers. Five Kansas City Royal runs. In the space of one triumphant half-inning, the Royals reclaimed their swagger and stormed back into this World Series, winning game two 7-2 and knotting the ...

  • Blame Canada

    “It is always stunning when a country that has brought violence and military force to numerous countries acts shocked and bewildered when someone brings a tiny fraction of that violence back to that country,” the leftist writer Glenn ...

  • U.S. Schools Take Precautions Amid Ebola Fears

    Schools are responding to fears of an Ebola outbreak by drafting first-of-a-kind policies that include isolating students, querying parents about travel and requiring documents showing a clean bill of health for new enrollees from West ...

  • Microsoft’s Cloud Growth Continues

    Microsoft Corp. continues to defy expectations by growing at a much faster clip than its business-technology peers, while the company also managed to post stronger-than-forecast sales in its troubled Nokia mobile business.

  • Fed’s ‘Stress Test’ Scenario for 2015 Looks at Exposure to Corporate Debt

    WASHINGTON—The Federal Reserve will examine how exposed the largest U.S. banks are to “risky corporate borrowers” as part of the 2015 edition of its stress tests.

  • Syrian Torture Photos Yield No U.S. Victims

    WASHINGTON—A U.S. review of thousands of postmortem photographs allegedly showing systematic torture in Syrian prisons has tentatively identified only a handful of victims, none of them Americans, frustrating hopes of prosecuting regime ...

  • Pandora Media Loss Narrows

    Pandora Media Inc. reported a 25% increase in the number of hours listeners tuned in during the third quarter, the first year-to-year comparison since the Internet radio giant ended its 40-hour free-listening monthly cap.

  • Dollar Bulls Slow the Stampede

    The crowds of investors piling into the dollar are beginning to thin.While the dollar has steadied itself after last week suffering its worst selloff this year, some investors said they have become wary of adding to their bullish bets.

  • Doctor Quarantined in Manhattan on Ebola Fears

    A 33-year-old doctor who recently returned to New York from treating Ebola patients in Guinea was quarantined and taken to a Manhattan hospital Thursday after he reported that he was suffering from a fever, a law-enforcement official said.

  • Europe Needs to Stress Lending Instead of Tests

    The European Central Bank on Sunday will publish the results of its stress test on 124 European banks. Most are likely to pass, and the net capital shortfall reported by the test will likely be small, around €10 billion ($12.65 billion). ...

  • Watch Out, Hillary!

    Another bad week for former Secretary of State Hillary Clinton is getting worse with the arrival of the latest issue of People magazine. The celebrity journal quotes Sen. Elizabeth Warren (D., Mass.) leaving open the possibility of a ...

  • More Auto Makers Issue Recalls

    The spotlight on vehicle quality and the safety of passengers intensified on Thursday, with one of Germany’s largest auto makers issuing an air-bag recall and Honda Motor Co. imposing pay cuts on executives in an effort to shoulder ...

  • Islamic State, Syrian Kurds Battle For Territory in Kobani

    BEIRUT—Islamic State and Syrian Kurdish forces engaged in a fierce battle for patches of territory in Kobani on Thursday, with both sides making gains and suffering losses in and around the Syrian border city.

  • NBCU Chief Paints Gloomy Picture on Cable-TV Ratings

    Comcast Corp.’s NBCUniversal on Thursday painted a gloomy picture of where cable television is headed, saying that ratings are unlikely to grow due to viewership fragmentation, while arguing that HBO’s planned streaming service could ...

  • Names, Numbers and aRoman Take on Mr. Xi

    Regarding David Feith’s “The Number That Explains Hong Kong’s Upheaval” (op-ed, Oct. 14): If Hong Kong Chief Executive Leung Chun-ying is known as“689,” do they call China’s leader, Mr. Xi, “11” (as in Roman numeral 11)?

  • Nucor Announces 66% Profit Rise on Energy Boom

    Nucor Corp., posted a 66% increase in profits because of rising demand for steel used in the energy and nonresidential construction sectors.

  • Liberian Health Care and the U.S.

    Dr. E. Fuller Torrey would prohibit skilled physicians who are foreign nationals from impoverished countries from emigrating to the U.S. to contribute their talents to the world’s most advanced research and treatment centers, presumably in ...

  • Government Is Lousy at Picking Winners

    In his book “Don’t Wait for the Next War” (Bookshelf, Oct. 13), former Gen. Wesley Clark advocates a carbon tax that, as reviewer Walter Russell Mead puts it, “would raise lots of new revenue, creating, among other things, a ...

  • U.K. Parliament Should Know Better

    Your editorial “The Parliament of Palestine” (Oct. 18) notes that less than half of all British MPs voted yes or no on a motion to recognize the state of Palestine. This suggests that many opposed the motion but were afraid of the electoral ...

  • Chubb Posts Higher Profit

    Chubb Corp. posted a 10% increase in third-quarter earnings as the insurance company said it has low catastrophe losses.The company also increasing its full-year operating income guidance to a range of $7.35 to $7.45 a share from the $6.75 ...

  • Terror in Ottawa

    As we went to press Wednesday the world could only speculate about what prompted Wednesday’s attacks on Canada’s Parliament and other sites in Ottawa that killed a soldier.

  • An Affair to Remember

    As Hillary and Bill Clinton prepare for another White House ramble, the country is fated to endure more than a few 1990s flashbacks, often including attempts to whitewash the real history. The latest character to re-emerge is Monica ...

  • Japan’s Life Insurers May Go Cool on Foreign Debt

    TOKYO—Concerns about a global slowdown may pour cold water on a spree of buying foreign bonds among Japan’s life-insurance companies.The life insurers have been piling into foreign debt so far this year despite their long-standing ...

  • Nickel’s Slide Extends Roller-Coaster Ride

    Nickel prices have sunk to their lowest level since March, as slowing economies in Europe and China rattle investors, while a financing scandal in China has prompted companies to dump tons of nickel and other metals on the market.

  • Inflated Hopes

    When the ground crew in Frankfurt released the ropes of the Hindenburg on May 3, 1937, a brass band blared martial music and young Nazis scurried alongside. An American aboard the airship, Margaret G. Mather, wrote of “an indescribable ...

  • Fiction Chronicle: A Hero for Our Time

    Sometime in the early 1980s, Emmanuel Carrère came across a memoir by the Russian writer and political agitator Eduard Limonov. The book, about the author’s exploits as a penniless bohemian on the streets of New York City in the 1970s, ...

  • The Great Emancipator, Bent Over His Commas

    On Feb. 11, 1861, president-elect Abraham Lincoln boarded the train that would take him to Washington from his home in Springfield, Ill. He had not prepared a speech, but 1,000 people had gathered to bid him farewell. Lincoln told the crowd ...

  • China’s Plans for Development Bank Fall Short

    China plans to launch a $50 billion infrastructure lender Friday, a move aimed at challenging the hegemony of the U.S.-backed World Bank and Asian Development Bank in channeling capital to poorer nations in Asia.

  • Stronger Dollar Could Soak P&G, Colgate

    You can freshen your breath or remove unwanted hair with products purchased in any currency. But the sales and profits have been shrinking in the wash lately.

  • ‘Handmade’ Should at Least Mean All Was Made by You

    Victorino Matus’s defense of Tito’s Vodka “handmade” status in “A Vodka with a Twist of Tort” (op-ed, Oct. 20) is spirited but poorly reasoned. The fact that at least 65% of vodka starts at an industrial contract facility should not render ...

  • Despite It’s Virtues, the Fed Isn’t Promoting Growth

    David Malpass’s “Growth Management Isn’t the Fed’s Forte” (op-ed, Oct. 16) and Daniel Henninger’s same-day “A Year of Living on the Brink” (Wonder Land) reach the same conclusion—that Keynesian fiscal policies have produced lots of debt and ...

  • In Search of the Yucatán’s Best Cochinita Pibil

    IT’S ONLY 8 A.M. but already there’s a line snaking around Taqueria Honorio as the air fills with the sweet, hunger-inducing scent of cinnamon, cloves and unctuous slow-roasted pork. Dogs doze lazily under the squat palm trees that line ...

  • Archaeologists in Peruvian Andes Find Highest-Known Ice Age Settlement

    Archaeologists exploring the Peruvian Andes have uncovered perhaps the highest and oldest Ice Age settlement in the world, a tool-littered campground reaching up to 14,700 feet above sea level, according to new research.

  • Monumental Honors for 2 Trailblazers

    The World Monuments Fund on Wednesday honored the artist Ellsworth Kelly and interior designer Mica Ertegün at its annual Hadrian Gala.The award is nothing to scoff at. Previous honorees have included David Rockefeller Jr., Mrs. Vincent ...

  • Margaret Thatcher’s Power Suit, Neil Young’s Latest Album and More

    THE DESIGNS // Dressed to ExpressAt London’s Design Museum architect Zaha Hadid has designed “Women Fashion Power,” a show that features women’s fashions plus interviews with some of the power-dressers who wore them. This is fashion as an ...

  • European Bank Tests Could Bring Relief

    LONDON—European banks are likely to need about €10 billion ($12.6 billion) to address shortages of capital identified in a regulatory review, an amount modest enough to cheer markets, investors and analysts say.

  • Credit Suisse Profit Beats Market Expectations

    ZURICH—Credit Suisse Group AG said Thursday its third-quarter profit more than doubled as some investment-banking revenue surged, although the bank gave a more cautious outlook for the remainder of the year.

  • KKR Signals Buying Opportunities Amid Volatile Markets

    KKR & Co. signaled buying opportunities ahead, as choppy markets create conditions that can scare off other investors.Echoing sentiments from other private-equity executives, one of the top lieutenants to KKR co-founders Henry Kravis ...

  • In Rural Squirrel, Idaho, a Modern Home

    When Lauri and Doug Siddoway were planning to build a home on their 290-acre barley farm in rural Squirrel, Idaho, they asked their architect to design them something in a traditional, Tuscan-style akin to their Italian-revival home in ...

  • Edwards Lifesciences Profit Rises 23% on Nonsurgical Heart Valve Sales

    Edwards Lifesciences Corp. said its third-quarter earnings rose 23% driven by strong sales of its nonsurgical heart valves.The results beat expectations, and the company raised its 2014 guidance.

  • Warren Buffett Puts Wind in Berkshire’s Sails

    Warren Buffett is synonymous with his hometown of Omaha, Neb., but for a glimpse into the future of his investment empire, look east…to Iowa.

  • Man Who Struck NYPD Officers with Ax Shot to Death

    An ax-wielding man was shot and killed by New York City police Thursday afternoon after he struck two police officers, including one in the head, police said.

  • Canada Lawmakers Regroup After Shooting in Ottawa

    OTTAWA—Canada’s federal government said it would introduce legislation as soon as Thursday giving the country’s police and intelligence services greater powers to counter potential terrorist threats.

  • Janus Says Profit Rises 25%, Still Measuring Gross’s Effect

    Janus Capital Group Inc. Chief Executive Richard Weil on Thursday called his surprise hiring of bond kingpin Bill Gross last month “the press release heard around the world,” but said it was too soon to know the impact on the fund firm’s ...

  • U.S. Auto Sales Fuel General Motors’ Earnings

    General Motors Co.’s sales in North America helped the largest U.S. auto maker earn a $1.47 billion third-quarter profit before deferred payouts—even as most of its international operations struggled and overall revenue was flat.

  • Playwright Tom Stoppard’s Surprisingly Relaxed Method

    Known for creating clever wordplay and intricate plots that often span decades, Tom Stoppard is surprisingly carefree about his playwriting process. “You just start somewhere and it turns out to be what it is.”

  • Can Tylenol Ease the Pain of a Home Sale

    Agents to sellers: “Take two Tylenol and call me in the morning.”A new study finds that taking the painkiller acetaminophen, better known by the brand name Tylenol, can reduce the psychological pain of decision-making. That led Spread Sheet ...

  • Foxconn in Talks for China Display Plant

    HONG KONG—Foxconn, the company that assembles the bulk of the world’s iPhones, is in preliminary talks to build a factory in northern China that would make high-end screens for the phones as well, in a sign of the company’s ambition to move ...

  • The Louis Vuitton Foundation By the Numbers

    ON OCT. 27, the long-awaited Louis Vuitton Foundation ( fondationlouisvuitton.fr ) opens in the Jardin d’Acclimatation, a landmark Paris garden and children’s amusement park founded by Napoléon III in 1860. The private museum, in a ...

  • A Jack Hillmer House Gets a Makeover

    The Napa, Calif., house was derelict, its wood grimy, moldy and black. Someone had used tube socks to plug the holes woodpeckers had drilled into the eaves. The only way to get from the living area to the bedrooms was to walk through a ...

  • Chad Oppenheim’s Minimalist Miami Home—Kids Welcome

    The sleek, austere living/dining room of this Miami home belies the playful pandemonium that goes on here. On the sofa: jumping and dancing. Bicycles, scooters and games of tag pass through here. And when a rainy day befell a toddler’s ...

  • France, Italy Take Austerity Fight to Brussels

    BRUSSELS—European Union leaders staked out opposing positions on austerity ahead of a summit here, where France and Italy will attempt to fend off pressure from the bloc’s budget hawks to cut their deficits faster.

  • Billionaire Businessmen Buying Up Mega-Ranches

    It was a showdown in New Mexico earlier this year, as two billionaires, both from Fort Worth, Texas, battled it out to buy two enormous cattle ranches.

  • U.S. Government Bonds Pull Back for Third Straight Day

    Investors sold ultrasafe U.S. government bonds Thursday for a third straight session as a fresh round of global data soothed anxieties over the economic outlook.

  • ‘Citizenfour’ Follows Edward Snowden

    The great documentaries of the last 20 years have had several things in common. Uncanny timing. Uncommon access. Footage that couldn’t be replicated. And a solid narrative arc. Those films, which would include “Crumb,” “Senna,” “Hoop ...

  • Timothy Spall on J.M.W. Turner

    UNTIL NOW Timothy Spall might have been called a character actor. He has played everyone from a scheming rat (“Chicken Run,” 2000) to Winston Churchill (“The King’s Speech,” 2010. You may remember him as Peter Pettigrew in the Harry Potter ...

  • Canadian Lawmakers Honor Sergeant-at-Arms Kevin Vickers

    OTTAWA—The man who brought down the gunman who breached Canada’s Parliament Wednesday after killing a Canadian soldier was already back on the job Thursday.

  • KPMG Audits Had 46% Deficiency Rate in PCAOB Inspection

    Audit regulators found deficiencies in 23 of the KPMG LLP audits they evaluated in their latest annual inspection of the Big Four accounting firm’s work.

  • ‘Force Majeure’: A Force of Nature

    Mercifully droll, this Swedish satire by Robert Ostlund—who will be the subject of a retrospective at Lincoln Center come January—is otherwise a cancerous truffle with a dark, dark center, based on an incident that the director apparently ...

  • Cenovus Profit Dips 4%, but Cash Flow Improves

    Cenovus Energy Inc. said Thursday its third-quarter profit dipped 4%, though results were better than expected and cash flow climbed 6% on higher oil-sands production and stronger natural-gas prices.

  • Tasting the Mexican Spice of Life

    DESPITE TEX-MEX burritos and tacos being available in every big town, foodies have long been aware that Mexico has an haute cuisine that has nothing to do with chili con carne.

  • Savile Row’s Huntsman Launches a Knitwear Line

    THE LEDGER AT 11 Savile Row is a reminder of times—and traditions—past. In the late 19th century, British politician Viscount Ebrington, it seems, regularly sent his leather breeches to H. Huntsman & Sons to be repaired. Butlers dropped ...

  • Chile Police Release Bombing-Probe Findings

    A 29-year-old man killed in late September in an explosion in the Chilean capital of Santiago was an innocent bystander and not a bomb maker, prosecutors said Thursday after a monthlong investigation.

  • ‘White Bird in a Blizzard’: Ennui on the Run

    Shailene Woodley, the young star of such megahits as “Divergent” and “The Descendants,” displays a distinctly Streepish strain in “White Bird in a Blizzard,” the latest by erstwhile enfant terrible Gregg Araki, and a movie in pursuit of a ...

  • What France Knows About Syria, and Obama

    In Leon Panetta’s new book, “Worthy Fights,” the former Obama administration CIA director and secretary of defense describes the White House’s hesitancies and half-steps in foreign policy. He concludes by saying that President Barack ...

  • An Enemy of Nuance

    LondonHow easy is it to throw a crowd of sophisticated Britons into a fit of hysterical, politically inflected rage? Very easy, it turns out. It happened just last month, not at some far-right rally in Yorkshire, but here, at the Barbican, ...

  • Why You Can’t Trust You’re Getting the Best Deal Online

    The Web is full of personalized content, whether it’s a Netflix recommendation or the results of a Google search.But consumers have protested when e-commerce companies have extended their behind-the-scenes personalization to prices, ...

  • Jerry Lee Lewis, the Enduring Rebel of Rock ’n’ Roll

    Jerry Lee Lewis has always had an attitude. Dating back to 1956, at the dawn of rock ’n’ roll, the pianist carved out a niche as a boogie-woogie shouter—a performer whose narrow inky eyes, smoldering cool and raucous playing style came to ...

  • Jake Gyllenhaal in ‘Nightcrawler’: The L.A. Coyotes of TV News

    While researching “Nightcrawler,” his first film as director, Dan Gilroy found himself riding along with his star, Jake Gyllenhaal, and cinematographer, Robert Elswit, going 80 miles an hour as they raced to the scene of a horrific car ...

  • Luis Suárez: Ready to Bite Back

    Ever since the first documented case of Luis Suárez sinking his teeth into an opponent, four years ago while playing for Ajax in the Netherlands, he has lost at least 35 domestic club games to suspension. Add to that any bans that covered ...

  • Fall Fashion Gets It White

    THE WINTER WHITE theme has been bubbling up in the fashion world for some time now, especially among luxury brands. But the fall 2014 catwalks were awash with it—Bottega Veneta, Isabel Marant and Chloé did it particularly well—which ...

  • New Documentaries: Soviet Hockey, Besieged Gorillas

    Red Army Opens in New York Nov. 14, other cities laterINFO: The Soviet hockey team was an intensely trained unit whose skills and puck movement baffled opponents. The U.S.S.R. used the team’s global dominance as state propaganda. The film ...

  • Oil Prices Rebound From 27-Month Low

    Oil prices bounced off multiyear lows Thursday on signs of demand growth and news that Saudi Arabia cut its supply to the market in September.

  • Nicole Kidman, Unglammed

    Nicole Kidman, tall and usually glamorous, worked to make herself quiet, fragile and tiny as Christine Lucas. The heroine of “Before I Go to Sleep” has forgotten the last 20 years and wakes each morning with no memory of the previous day. ...

  • A Scarlett-Hued Night at the Ballet

    The theme at American Ballet Theatre’s fall gala on Wednesday could have been red, white and blue, but in a nod to Liam Scarlett, one of its featured choreographers, it specified a palette of “scarlett, white and blue” on the invitations.

  • Natural Gas Prices Fall on Weather Forecasts

    Natural-gas futures fell to new 11-month lows on Thursday after weather forecasts pointed to limited demand for the heating fuel and government data showed a large increase in stockpiles.

  • Alexander Wang and H&M’s Sporty Show and Party

    ALEXANDER WANG PROVED again last Thursday night that his shows and parties are alluring enough to justify a lengthy commute: Fashion editors, models, musicians and A-list actors gamely made the trek to Manhattan’s Washington Heights ...

  • Potash Corp. Expects Steady Fertilizer Demand for 2015

    Potash Corp. of Saskatchewan Inc. expects global demand for potash fertilizer to hold steady with this year’s level, despite sliding crop prices that are expected to crimp farmers’ incomes, executives said Thursday.

  • Study to Look at Blood Products From Ebola Survivors as Treatment

    Researchers plan to test the effectiveness of transfusing blood products from Ebola survivors into infected patients, as a potential near-term countermeasure to the outbreak in West Africa.

  • Donna Karan Lists in Turks and Caicos for $39 Million

    Fashion designer Donna Karan is selling a portion of her longtime family retreat on Parrot Cay in the Turks and Caicos Islands for $39 million, adding to the number of properties to come to market on the small island recently.

  • GrubHub Revenue Up 51% On More Orders, Users

    GrubHub Inc. said its third-quarter revenue jumped 51% as the takeout-food-ordering platform garnered more daily food orders and users.GrubHub’s fast growth, helped by its merger with Seamless last year, has come in what’s considered a ...

  • Nigeria to Send Medics to West African Neighbors Stricken With Ebola

    Nigeria will send 506 medics to its West African neighbors stricken with Ebola, its Health Minister Khaliru Alhassan told reporters Thursday, an announcement that catapults the country into one of the biggest contributors of human talent ...

  • Making Music (and a Difference) in South Africa

    OVER THE PAST FOUR YEARS, Weston Sprott may have dined with Desmond Tutu and petted cheetahs on his annual trip to South Africa, but those experiences have been bonuses. The focus of his sojourn is bringing star-quality chamber-music ...

  • The Form and Function of Ron Arad

    A FORTHCOMING AUCTION of work by London-based, Israeli-born designer Ron Arad in Paris is sparking a frisson of excitement among collectors. Artcurial’s single-artist sale—timed to coincide with FIAC, the international contemporary art fair ...

  • Pakistan City Struck by Deadly Attacks

    KARACHI, Pakistan—The capital of Pakistan’s strife-torn Baluchistan region was the scene of violent attacks Thursday that left at least 12 people dead and included the killing of members of the country’s Shiite Hazara minority.

  • Velázquez: The First Celebrity Portraitist

    WHAT WAS THE MOST monumental challenge for a painter of royals in 17th-century Europe to conquer? Portraying aristocratic subjects with some common humanity.

  • U.S. to Monitor West Africa Travelers for Ebola Symptoms

    U.S. authorities will start monitoring travelers coming into the country from the three West African countries affected by the Ebola epidemic for symptoms, the latest measure to prevent the spread of the disease in America.

  • Medicare Unmasked

    In a letter to a friend, the manager of a Florida urology practice worried in 2010 that her company would attract federal scrutiny for its frequent use of an expensive bladder-cancer test.

  • Travel Restrictions Hamper African Medical Staff in Ebola Fight

    NAIROBI, Kenya—Scores of African doctors and nurses—many of them with experience treating Ebola—have experienced delays getting to affected regions because of flight bans and travel restrictions, an African Union official said on Thursday.

  • Caterpillar Posts Surprising Earnings Increase

    Caterpillar Inc. posted a surprise increase in third-quarter earnings as the heavy-machinery maker benefited from cost cuts and strong locomotive sales amid a tough economic environment.

  • Husky Energy Profit Climbs on Production Boost

    Canadian oil and gas producer Husky Energy Inc. on Thursday reported a nearly 12% increase in third-quarter earnings as production rose 10% and a weaker Canadian dollar helped offset a drop in oil prices.

  • Tesco Chairman to Step Down

    LONDON—U.K. retailer Tesco PLC said Chairman Richard Broadbent would step down as it revealed that the accounting practices that led to an overstatement of its first-half profit had also occurred in prior periods.

  • Gucci Names Merinda Yeung as New China Chief

    Gucci’s new China chief has a tough task: Make the Italian brand’s name shine in a market where luxury is increasingly common.The luxury brand on Thursday named Merinda Yeung, its Taiwan division chief, to run its China operations. Ms. ...

  • Brookfield Offers to Buy Rest of Brookfield Residential

    Brookfield Asset Management Inc. has offered to acquire the 30% of Brookfield Residential Properties that it doesn’t already own for more than $800 million.

  • SEC to Keep Veil Open on ETFs

    The asset-management industry suffered a setback when regulators rejected a proposal by BlackRock Inc. to launch an exchange-traded fund that would have kept its holdings hidden from investors.

  • Market Talk: General Motors and Tesco

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

  • S.C. House Speaker Resigns, Pleads Guilty to Campaign Violations

    South Carolina House Speaker Bobby Harrell resigned his office and pleaded guilty to a slate of campaign-finance violations Thursday, a stunning fall for a man who had been one of the state’s most powerful leaders for more than a decade.

  • Textron Rethinking Key Specs of Business Jet

    ORLANDO, Fla.—Textron Inc. is rethinking the design of what would be its highest-end business jet after customers indicated a desire for more range and other changes, the company’s top aviation executive said in an interview.

  • EU Leaders Seek to Bridge Divide Over Climate Goals

    BRUSSELS—European Union leaders were bracing for a night of tough negotiations as they arrived in Brussels to agree on a set of long-term targets on energy and climate change.

  • Gold Sinks as Equities Advance

    NEW YORK—Gold futures retreated Thursday as upbeat economic data pushed U.S. equities higher, reanimating investor appetite for risk and damping interest in haven assets.

  • Amazon to Launch Web Hosting in Germany

    FRANKFURT—Amazon.com Inc. on Thursday said it would launch Web-hosting services in Germany, pushing deeper into a country that has been openly hostile to U.S. Internet firms.

  • Wirehouses’ Fee Shift Paying Off, But Momentum Easing

    The major brokerages’ pursuit for fee-based assets is paying off, with firms such as Merrill Lynch Wealth Management and Morgan Stanley reporting bigger chunks of revenue from those pools.

  • Credit Suisse Stares Up the Return Mountain

    Not so fast. Although Credit Suisse had a good quarter in some ways, there are plenty of reasons for caution.The Swiss bank’s return on equity has deteriorated versus last year—with or without the “nonstrategic” parts that are being wound ...

  • Airlines Post Strong Profits, Offer Bullish Outlooks

    Several U.S. airlines posted stronger third-quarter profits and expressed bullish sentiments for the current quarter, based on falling fuel prices, strong holiday bookings, domestic capacity discipline and a slight easing of Ebola jitters.

  • Kering Revenue Rises 3.3% Despite Drop in Gucci Sales

    Kering SA said Thursday its third-quarter revenue rose 3.3% to €2.6 billion compared with the previous year, as its smallest luxury brands offset a sales decline at power brand Gucci.

  • Best-Selling Books Week Ended Oct. 19

    Hardcover NonfictionNonfiction E-BooksNonfiction CombinedHardcover FictionFiction E-BooksFiction CombinedHardcover BusinessMethodologyNielsen BookScan gathers point-of-sale book data from more than 16,000 locations across the U.S., ...

  • A Big Sagaponack Estate Sells Fast

    An oceanfront spread in the Hamptons listed for nearly $35 million has sold two months after going on the market.The estate of the late cable and telecommunications entrepreneur Richard Treibick had listed the Sagaponack property, which ...

  • Liberian Slum Takes Ebola Treatment Into Its Own Hands

    MONROVIA, Liberia—Two months after Liberia’s largest slum fought a government-imposed Ebola quarantine, residents are in a desperate push to conquer the deadly virus—with or without the government’s help.

  • V.S. Gaitonde Exhibit Opens at Guggenheim Museum, Illuminating India’s Little-Known Legend

    One of India’s most radical and reclusive contemporary artists until his death in 2001, V.S. Gaitonde was little studied in his lifetime, even in his own country.

  • Natural-Gas Bulls: Better Luck Next Year

    Praying to the weather gods is pretty much all natural-gas bulls have left. But even if help comes from the skies, it will also need some earthly intervention from the power sector.

  • Vinci’s 3rd-Quarter Sales Down 7.5%

    PARIS—Vinci SA Thursday said its sales in the third quarter fell 7.5% dragged down by its contracting business, which includes heavy construction and housing.

  • China Vows to Strengthen Judicial System

    BEIJING—China’s Communist Party vowed to address public frustration with the country’s legal system by making it more independent and professional, even as leaders reasserted their dominance over the courts.

  • Brussels Says Italy Plans Deviation From Fiscal Rules

    ROME—European authorities have warned Italy that its budget plans for 2015 would violate the European Union’s fiscal rules, and asked Rome for further explanation.

  • Lower Iron-Ore Prices Not Slowing Leading Miners

    LONDON—Iron-ore prices may be at a six-year low, but the world’s leading mining companies don’t show any sign of idling their diggers.That was the message sent by Vale SA, Rio Tinto PLC, BHP Billiton PLC and Anglo American PLC on Thursday.

  • Bulgaria Prepares to Pull Troubled Bank’s Plug

    Bulgaria’s central bank said it is ready to let the country’s fourth-largest bank fail but urged parliament to approve the government’s topping up a fund to compensate depositors after an audit found a 4.22 billion lev ($2.73 billion) hole ...

  • Swiss Banks Want Changes in Justice Dept. Hidden Account Program

    ZURICH—Dozens of Swiss banks are pushing back against the rigors of a U.S. Justice Department program designed to dig up hidden American accounts.

  • Nokia Gives Bullish Outlook as It Swings Back to Profit

    STOCKHOLM—Nokia Corp.’s quarterly earnings gave ample evidence that the company’s main network unit has moved well beyond several years of painful restructuring.

  • Foreign Companies Are Cooling on China

    Foreign companies are wielding their axes in China.For years, multinationals plowed money into China, hoping to benefit from its fast growth. Now, a combination of slower growth there, weak global demand and a feeling that Beijing has ...

  • Unilever Should Bite Back Amid Slowdown

    Fasting isn’t a sustainable strategy for growth. Unilever needs to beef up.The Anglo-Dutch consumer-products company reported its weakest sequential quarterly sales growth since the end of 2009. Like-for-like revenue increased by a measly ...

  • Logitech Says Tablet Slowdown Won’t Derail Its Turnaround

    ZURICH—Logitech International SA’s turnaround won’t be derailed by a slowdown in the tablet computer market, the company’s chief executive said Thursday, even though the peripherals maker has hitched much of its revival to mobile computing ...

  • Apple, GT Advanced Technologies in Agreement on Sapphire Materials

    GT Advanced Technologies Inc. and Apple Inc. announced Thursday they reached an agreement on terms for the wind-down of sapphire materials production in GT’s Mesa, Ariz. and Salem, Mass. locations.

  • Swedish Budget Leans to the Left

    STOCKHOLM—Sweden’s new finance minister on Thursday presented a proposed budget with a clear leaning to the left, signaling an intention to increase some taxes and raise spending on job-creation programs, welfare and schools.

  • Viber Looking for Partnerships For Gaming Platform

    TEL AVIV--Viber Inc. is exploring possible partnerships with social-gaming companies, aiming to integrate games into its instant messaging, voice and video calls service, according to people familiar with the matter.

  • Coke Replaces Marketing Chief

    Coca-Cola Co. is replacing its chief marketing officer with a veteran company insider, the latest bid by the world’s largest beverage maker to revive flagging sales.

  • Apple Plans More Stores in China

    BEIJING—Apple Inc. plans to increase the number of its Apple-brand retail stores in Greater China to 40 from 15 within two years, Chief Executive Tim Cook said Thursday.

  • Hong Kong Official Rules Out Clearing Protest Sites—for Now

    HONG KONG—A Hong Kong official said the government for now won’t attempt to clear areas that have been occupied by protesters for weeks, but he didn’t rule out a tougher approach to end the impasse eventually.

  • Russia’s Mail.ru Revenue Rises Despite Tough Trading Conditions

    MOSCOW—Russian Internet company Mail.ru Group posted a 13% increase in third-quarter revenue on improved sales of its games and other web-based services.

  • Treasury to Auction $162 Billion

    The Treasury Department will auction $162 billion in new and reopened debt securities next week. Details of the offerings (all with minimum denominations of $100):

  • Russia Detains Airport Staff Over Crash That Killed Total CEO

    MOSCOW—Russian investigators said on Thursday they had detained managers and controllers on duty at Moscow’s Vnukovo airport during Monday’s corporate-jet crash that killed Total SA chief Christophe de Margerie.

  • U.K. ‘Cheap Chic’ Chain Prepares to Make an Entrance in U.S.

    LONDON—Primark, the U.K. fast-fashion chain that sells T-shirts for a couple of pounds and doesn’t believe in online retailing, wants to make it big in the U.S.

  • 3M Profit Increases 5.9% on Strong Sales Growth

    Bolstered by strong U.S. growth, 3M Co. nudged its full-year earnings forecast higher and reported a 5.9% rise in third-quarter profit.The better-than-expected results were spurred by higher profit margins and strong sales of respiratory ...

  • Accounting for Tesco’s Deeper Malaise

    Tesco’s accounting wounds aren’t as bad as feared, but its underlying commercial disease remains untreated.The U.K. supermarkets group revealed last month that it had overstated profit guidance for the first half of fiscal 2015 by £250 ...

  • In Australia, a Display for the Nose

    Melbourne, AustraliaIn 1882 perfumers learned to lie, says Chandler Burr. And once they learned to lie they began to make great art.Mr. Burr, curator of olfactory art at New York’s Museum of Arts and Design, is here for the opening of his ...

  • How Little We Know About North Korea

    Although North Korean leader Kim Jong Un has allegedly reappeared after disappearing from public view for six weeks, we still can’t explain his absence. Was he gravely ill, facing a possible coup or enmeshed in something far more exotic? ...

  • L’Oréal USA Acquires Carol’s Daughter

    Beauty brand Carol’s Daughter will be acquired by L’Oréal SA’s U.S. subsidiary, the companies announced this week, about a month after Carol’s Daughter’s retail arm exited Chapter 11 bankruptcy.

  • Thales Sales Rise 2%

    Thales SA said Thursday that third-quarter sales rose 2% and that the French aerospace and defense company has begun the process to pick a new chief executive after the French government plucked incumbent Jean-Bernard Lévy to become head of ...

  • China’s Lack of Drama Is Likely an Intermission

    China watchers should be thankful for the current undramatic state of affairs. Another bout of worry is always around the corner.The first signs of how the economy is doing in October show China’s sluggish but stable growth continues. ...

  • Cressey Puts its At-Home Health Company Up for Sale

    Cressey & Co. is selling Encompass Home Health Inc. in an auction process in the hope of fetching $700 million for the provider of at-home nursing services, said three people familiar with the situation.

  • Senators Ask Auto Regulator to Take Firmer Stand on Air Bag Issue

    Two U.S. senators are calling on the National Highway Traffic Safety Administration to issue an immediate, nationwide recall of all cars equipped with potentially defective Takata Corp. air bags and provide loaner vehicles to owners if ...

  • Ruth Rendell Readies Her 65th Novel

    “People don’t grow old like they used to, do they?” asks a gossipy neighbor in English crime novelist Ruth Rendell’s new book, after learning of an affair between two sprightly 70-somethings.

  • Europe Stocks Boosted By Stronger-Than-Expected Economic Data

    LONDON—Stronger-than-expected manufacturing and services data helped European stock indexes extend their recent bounceback Thursday, as investors shrugged off a lackluster batch of earnings reports.

  • Asia Enjoying Discount Deals on Oil

    A slump in oil prices and a surge in supply are tipping the scales in favor of buyers in Asia, who were once at the mercy of big energy exporters but are now benefiting from sweeter deals and discounts.

  • London Real-Estate Market Shows Signs of Cooling

    LONDON—Homes in the U.K. capital have been among the hottest global assets in recent years, but signs continue to suggest the heat is escaping.

  • A Japanese Baseball Dream Becomes Real

    KORYO, Japan—The dream Shota Tatsuta shared with his grade-school classmates nearly 10 years ago of becoming a professional baseball player is a dream no longer. On Thursday, the high-school pitcher was picked in Japan’s baseball draft by ...

  • Mortgage Rates Tumble

    Interest rates on mortgages are tumbling again, defying experts who have long predicted a sustained rise and offering borrowers a fresh opportunity to save money.

  • HBO’s ‘Olive Kitteridge’: Portrait of a Stoic Marriage

    Readers of Elizabeth Strout’s Pulitzer-Prize winning “Olive Kitteridge” will recognize the acerbic title character, a math teacher in small-town Maine, in HBO’s four-hour miniseries. One crucial change surprised even the author, though. In ...

  • Mexico’s Cemex Third-Quarter Net Loss Narrows

    MEXICO CITY—Mexican cement maker Cemex said Thursday its net loss in the third quarter narrowed from a year before on modest growth in sales and operating profits as gains in the U.S. and Mexico offset weakness in Northern Europe and parts ...

  • Insider’s Guide to Warsaw

    WARSAW HAS LONG BEEN seen as the ugly stepsister of Krakow. While Krakow gets all the invites and accolades—pretty, special, sweet—the Polish capital is forgotten, seen as nondescript and cold. But scratch beneath the surface and Warsaw is ...

  • Brownback Ups the Stakes in Kansas

    WICHITA, Kan.—Gov. Sam Brownback has been struggling to repudiate charges that his income-tax cuts have wreaked havoc on Kansas’s budget, economy and schools. But this week for the first time he’s going on offense by reminding voters of the ...

  • Raytheon Looks to Growth as Bookings Rise

    Raytheon Co. is on track to resume top-line growth by late 2016 as it works through its sector-leading pipeline of international orders, a senior executive said Thursday.

  • U.K.’s Falling Retail Sales Suggest Economy Losing Steam

    LONDON—Retail sales in the U.K. fell in September, a further sign that the country’s economy may be losing some momentum.The volume of retail sales fell 0.3% for the month compared to August, primarily to unseasonably warm weather putting a ...

  • Nascent Macro Hedge Fund Recovery Stalls

    October’s market turmoil has stopped a long-awaited recovery in macro hedge funds in its tracks.These traders of bonds, currencies and stocks have struggled in recent years to second-guess the moves of politicians and central bankers and ...

  • Rio Tinto’s Chief Executive, Finance Chief Terms Extended

    SYDNEY—Rio Tinto PLC extended the tenure of chief executive Sam Walsh, rewarding him for restoring capital discipline after a run of hefty write-downs from soured acquisitions.

  • Japan Auctions Bonds With Negative Yields For First Time

    TOKYO—Japan has joined a small group of countries in which investors are in the unusual position of actually paying the government to lend it money—a situation brought on by ultra-easy monetary policies that have flipped bond investing on ...

  • Honda Top Executives Take Pay Cuts to Show Responsibility for Problems

    TOKYO—Honda Motor Co. said Thursday top executives would take pay cuts to show they felt responsibility for recalls and quality problems, and the company created a new post to oversee safety changes.

  • Lazard Revenue Climbs 18%

    Lazard Ltd. rode a strengthening tide of mergers and other corporate deals to record quarterly revenue.An 18% jump in revenue from a year earlier helped lift profit above analysts’ expectations.

  • Pulte Meets Expectations, Cites Improving Housing Market

    PulteGroup Inc. said on Thursday that the improving economy and higher average selling prices help drive third-quarter results that were in line with Wall Street expectations.

  • Audi Recalls 850,000 A4s for Air-Bag Fix

    BERLIN—Audi AG, the German luxury car maker, has issued a world-wide recall of 850,000 Audi A4 sedans, urging their owners to bring their cars in to repair a defective air bag, a company spokesman said Thursday.

  • Cutrale-Safra Boosts Bid for Chiquita Ahead of Shareholder Vote

    Brazilian firms Cutrale-Safra on Thursday raised their bid for Chiquita Brands International Inc. by an additional 4% as the banana company’s shareholders prepare to vote Friday on its proposed tie-up with Irish food company Fyffes PLC.

  • Gold Demand in India, China on the Rise

    Appetite for physical gold in India and China has rebounded in recent days, with low prices boosting demand during India’s Diwali festival, the country’s biggest gold-buying occasion of the year.

  • Mexico’s Burgeoning Wine Scene

    WHAT ARE THE WORLD’S most unlikely wine-producing countries? India, Russia, China? It may surprise you to learn that China has one of the world’s largest wine industries, with more than half a million hectares now planted with vines.

  • Prologis Swings to Third-Quarter Profit

    Prologis Inc. swung to a third-quarter profit, while its funds from operations--a key industry metric--improved more than expected.The current Prologis was formed in June 2011, when the nation’s two biggest publicly traded warehouse ...

  • BNY Mellon Tabs New Chief Risk Officer

    Bank of New York Mellon Corp. has named a new chief risk officer to replace retiring Brian Rogan.James S. Wiener, the head of the North American Public Policy Practice of the Oliver Wyman Group, will lead the trust bank’s global risk and ...

  • U.S. Jobless Claims Remain Near 14-Year Lows

    WASHINGTON—The number of new claims for jobless benefits rose last week but remained near 14-year lows, the latest sign of an improving labor market.

  • Eurozone Manufacturing, Services Pick Up Slightly in October

    Business activity in the eurozone’s private sector picked up slightly in October, although firms cut their prices at the fastest pace since early 2010, making it more likely the European Central Bank will soon have to announce a third wave ...

  • Saudi Arabia Crude Supply Fell in September

    Top oil exporter Saudi Arabia cut its crude supply to international and domestic markets by 328,000 barrels a day to 9.360 million in September as the kingdom burned less crude for power generation, an industry official familiar with the ...

  • Dunkin’ Warns It May Struggle to Hit Sales Target

    Dunkin’ Brands Group Inc. said strong sales of iced coffee and pumpkin-flavored donuts helped drive third-quarter sales growth, but the restaurant chain operator warned that it may have trouble reaching its sales targets for the year.

  • Under Armour’s Apparel, Footwear Sales Jump

    Athletic-apparel maker Under Armour Inc. said its revenue increased 30% in the latest quarter, driven by strong gains in apparel and footwear sales.

  • Eurozone PMI: Price Moves Important

    As ever with Europe, there is good news, and there is bad news. The good news is that eurozone growth isn’t collapsing. The bad news is that the prospects for inflation to rise seem distant.

  • Unilever Flags Challenging Outlook as Sales Growth Slows

    LONDON—Unilever PLC Thursday warned of a tough global outlook and struck a gloomy tone after reporting its slowest quarterly sales growth in five years, raising fears of a continued broad economic slowdown across emerging markets.

  • A War Widow Reaches Out

    On Memorial Day in 2007, Taryn Davis spoke from home in San Marcos, Texas, with her husband Michael, a 22-year-old U.S. Army corporal in Iraq. They chatted about the usual things: their dogs, TV, how they both were doing. An hour and a half ...

  • Eli Lilly’s Sales Hit Again by Patent Expirations

    Eli Lilly & Co. said its sales and profit fell in the most recent period, reflecting patent expirations and generic competition.Lilly also said it expects a stronger U.S. dollar to weigh on results. As a result, the company lowered the ...

  • Dr Pepper Snapple Raises Outlook as Soda Volume Rises

    Dr Pepper Snapple Group raised its outlook for the year as it reported higher volumes in an increasingly tough market for soda makers.The results for the most recent quarter topped analysts’ expectations.

  • Royal Caribbean Profit Rises 34%

    Royal Caribbean Cruises Ltd. said its third-quarter earnings rose 34% as the cruise-ship operator posted continued revenue growth and lower costs.

  • Voices: Michael Rebibo, on Employer Equity Stakes for Executive Clients

    Voices is an occasional column that allows wealth managers to address issues of interest to the advisory community. Michael J. Rebibo is chief executive of 1st Portfolio Wealth Advisors in Vienna, Va.

  • Spain’s Economy Grew 0.5% in Third Quarter, Central Bank Estimates

    MADRID—Spain’s economy grew an estimated 0.5% and added 151,000 jobs in the third quarter, driven by a strong summer tourist season, lower borrowing costs and confidence that one of the eurozone’s strongest recoveries is still on track.

  • Celgene Profit Jumps 37%

    Celgene Corp. said its third-quarter profit jumped 37%, again driven by sales growth of its key blood-cancer treatment.The Summit, N.J.-based company also bumped up its adjusted per-share earnings outlook for the year to a range of $3.65 to ...

  • China’s Great Wall Motor Profit Slides

    SHANGHAI—The maker of China’s top-selling sport-utility vehicle is suffering from falling profits and sales amid product delays and the country’s softening car market.

  • Nissan Adds 260,000 Cars to Recall

    TOKYO—Nissan Motor Co. on Thursday expanded its recall of cars equipped with potentially defective air bags from Takata Corp., saying it was calling back an additional 260,000 vehicles world-wide.

  • Union Pacific Profit Rises 19% On Freight Traffic Growth

    Union Pacific Corp. said its third-quarter earnings rose 19% benefiting from rail freight that has buoyed the sector, as well as core pricing increases.

  • Mead Johnson Nutrition Profit Rises 9.5%

    Mead Johnson Nutrition Co. said its third-quarter profit rose 9.5%, slightly beating expectations, despite being hurt by foreign-exchange rates that brought down revenue 3% and higher dairy costs.

  • Quest Diagnostics Posts Higher Revenue, Narrows Guidance

    Quest Diagnostics Inc. said its third-quarter revenue rose slightly more than expected, driven by acquisitions and higher diagnostic information services sales.

  • T. Rowe Price Profit Jumps as Fees Increase

    T. Rowe Price Group Inc. said its profit jumped 12% as revenue grew on a surge in fees.Earnings fell shy of analysts’ expectations, while the revenue was in line.

  • Vale Produces Record Amount of Iron Ore Despite Falling Prices

    RIO DE JANEIRO—Brazilian mining major Vale SA, the world’s biggest iron-ore producer, said Thursday its output of the key steelmaking ingredient rose in the third quarter and is on track to set a record for the year despite plunging prices.

  • Occidental Petroleum Earnings Fall 24% On Lower Oil Prices

    Occidental Petroleum Corp. said its third-quarter earnings fell 24%, weighed down by lower crude oil prices and market volatility.The company—which has been divesting assets to better focus its operations—closed the $1.4 billion sale of its ...

  • EU Parliament Approves Zero Tariff Extension for Ukraine Exports

    The European Parliament overwhelmingly approved extending a zero tariff regime for most Ukrainian exports to the bloc, allowing the system to remain in place through the end of next year.

  • Nielsen’s Revenue Increases 13%

    Nielsen N.V. continued to see its revenue grow in the third quarter, helped by recent acquisitions and growth in emerging markets.Nielsen provides data ranging from what people watch on television to what they buy in stores. The company ...

  • American Electric Power Revenue Misses Expectations on Mild Summer

    American Electric Power Co. reported a smaller-than-expected increase in third-quarter revenue, weighed in part by a mild summer and accelerated spending.

  • Lorillard Cigarette Volumes Fall, but Higher Prices Lift Sales

    Lorillard Inc., which is working toward merging with Reynolds American Inc., said its cigarette volume declined, although higher prices lifted revenue.

  • UniCredit Inclined to Enter Talks With Fortess-Prelios on UCCMB Sale, CEO Says

    MILAN—UniCredit SpA Chief Executive Federico Ghizzoni said Thursday that the bank is inclined to enter exclusive talks with a partnership made up of real-estate group Prelios SpA and Fortess Investment Group LLC to sell its debt collection ...

  • The 10-Point.

    Good morning,Yesterday’s fatal shooting of a soldier at Ottawa’s National War Memorial was a tragic glimpse for Canadians of the global reach of terrorism. The assailant was eventually killed inside the Parliament building. Our story ...

  • Daimler Profit Soars on Robust Demand in Key Markets

    ...

  • Brazil Court Accepts MMX Unit’s Request for Bankruptcy Protection

    SÃO PAULO—A Brazilian court accepted the request made by MMX Sudeste Mineracao SA, a unit of Eike Batista-controlled mining company MMX Mineracao e Metalicos SA, for bankruptcy protection.

  • Pernod Ricard Sales Rise

    PARIS—French drinks maker Pernod Ricard SA is starting to see the light at the end of a long tunnel in China, as a slump in sales in the once-buoyant Chinese market eased.

  • Anglo American Reports Increased Iron Ore Output

    LONDON—Anglo American PLC said on Thursday that its iron-ore production rose sharply in the third quarter, as the mining company joined its larger rivals in increasing output to grab market share even as prices fall.

  • MTU Aero Ups Profit Outlook

    German aerospace supplier MTU Aero Engines AG raised its full-year sales and profit forecast on Thursday after its third-quarter earnings beat estimates as demand for commercial jetliners remains strong.

  • Asian Shares Lose Ground After China Manufacturing Report

    Stocks in Japan and China slipped Thursday as investors assessed the latest read on Chinese manufacturing activity.The Hang Seng Index fell 0.3% to 23333.18 and the Shanghai Composite lost 1% to 2302.42 after HSBC’s preliminary report on ...

  • Hyundai Motor’s Profit Skids

    SEOUL—Hyundai Motor Co.’s third-quarter net profit fell 28%, hurt by a stronger local currency, work stoppages by unionized employees and weak local sales of its new flagship Sonata sedan.

  • Norway Central Bank Holds Rates Steady, Leaves Guidance in Place

    OSLO—Norway’s central bank Thursday held its benchmark interest rate unchanged, as expected, and left in place its earlier guidance that it didn’t expect to begin raising rates until 2016.

  • Publicis Cuts Sales Outlook

    Publicis Groupe SA on Thursday cut its full-year sales outlook as the French advertising company is still feeling the pinch from the failed merger with Omnicom Group Inc.

  • Orange Hurt by Tough Competition

    PARIS—Orange SA on Thursday posted another drop in revenue and profit in its latest quarter as tough competition in some of the telecom group’s largest markets continued to weigh.

  • China HSBC Manufacturing PMI Rises to 50.4

    BEIJING—A closely watched gauge of activity in China’s manufacturing sector rose in October, a result which may go some way in easing concerns over the pace of Chinese economic growth.

  • Russia’s Ruble Weakens to All-Time Low

    MOSCOW—The Russian ruble weakened to fresh all-time lows versus the euro-dollar basket in early trade on Thursday as oil prices again dipped lower.

  • How to Navigate the Roads in China

    Paul Procee is the program leader for urban, water, transport, and disaster risk management in China at the World Bank. He handles urban infrastructure projects across the country and is based in Beijing. Mr. Procee, who is originally from ...

  • Michael Brown Autopsy Shows Close-Range Hand Wound

    The autopsy report on Michael Brown, the teenager shot on Aug. 9 by an officer in Ferguson, Mo., shows he had a close-range hand wound.

  • What’s News: World-Wide

    A gunman fatally shot a soldier in Ottawa before being killed inside Parliament, in an incident that shut down the Canadian capital.Iraq’s Kurdish authorities approved the deployment of 150 soldiers to relieve fellow Kurds fighting Islamic ...

  • What’s News: Business & Finance

    An air-bag recall is turning into a new safety crisis for the auto industry. Takata is being investigated to see whether the supplier misled U.S. regulators about safety.

  • See The Wall Street Journal’s Front Page

    See The Wall Street Journal’s Front Page

  • Park Avenue Christian Church Due Millions

    A historic church on Park Avenue is due to receive at least $24.7 million under a disputed plan to allow a developer to build a condominium tower on the site of its parish house, court records show.

  • What’s News—

    Business & FinanceInvestors in emerging markets are cooling on stocks of companies that sell essential goods like food and drinks after a dizzying rally that has left those shares looking expensive.

  • Celgene Profit Jumps 37%

    Celgene Corp. said its third-quarter profit jumped 37%, again driven by sales growth of its key blood-cancer treatment.The Summit, N.J.-based company also bumped up its adjusted per-share earnings outlook for the year to a range of $3.65 to ...

  • China’s Great Wall Motor Profit Slides

    SHANGHAI—The maker of China’s top-selling sport-utility vehicle is suffering from falling profits and sales amid product delays and the country’s softening car market.

  • Nissan Adds 260,000 Cars to Recall

    TOKYO—Nissan Motor Co. on Thursday expanded its recall of cars equipped with potentially defective air bags from Takata Corp., saying it was calling back an additional 260,000 vehicles world-wide.

  • Union Pacific Profit Rises 19% On Freight Traffic Growth

    Union Pacific Corp. said its third-quarter earnings rose 19% benefiting from rail freight that has buoyed the sector, as well as core pricing increases.

  • Mead Johnson Nutrition Profit Rises 9.5%

    Mead Johnson Nutrition Co. said its third-quarter profit rose 9.5%, slightly beating expectations, despite being hurt by foreign-exchange rates that brought down revenue 3% and higher dairy costs.

  • Quest Diagnostics Posts Higher Revenue, Narrows Guidance

    Quest Diagnostics Inc. said its third-quarter revenue rose slightly more than expected, driven by acquisitions and higher diagnostic information services sales.

  • T. Rowe Price Profit Jumps as Fees Increase

    T. Rowe Price Group Inc. said its profit jumped 12% as revenue grew on a surge in fees.Earnings fell shy of analysts’ expectations, while the revenue was in line.

  • Vale Produces Record Amount of Iron Ore Despite Falling Prices

    RIO DE JANEIRO—Brazilian mining major Vale SA, the world’s biggest iron-ore producer, said Thursday its output of the key steelmaking ingredient rose in the third quarter and is on track to set a record for the year despite plunging prices.

  • Occidental Petroleum Earnings Fall 24% On Lower Oil Prices

    Occidental Petroleum Corp. said its third-quarter earnings fell 24%, weighed down by lower crude oil prices and market volatility.The company—which has been divesting assets to better focus its operations—closed the $1.4 billion sale of its ...

  • EU Parliament Approves Zero Tariff Extension for Ukraine Exports

    The European Parliament overwhelmingly approved extending a zero tariff regime for most Ukrainian exports to the bloc, allowing the system to remain in place through the end of next year.

  • Nielsen’s Revenue Increases 13%

    Nielsen N.V. continued to see its revenue grow in the third quarter, helped by recent acquisitions and growth in emerging markets.Nielsen provides data ranging from what people watch on television to what they buy in stores. The company ...

  • American Electric Power Revenue Misses Expectations on Mild Summer

    American Electric Power Co. reported a smaller-than-expected increase in third-quarter revenue, weighed in part by a mild summer and accelerated spending.

  • Lorillard Cigarette Volumes Fall, but Higher Prices Lift Sales

    Lorillard Inc., which is working toward merging with Reynolds American Inc., said its cigarette volume declined, although higher prices lifted revenue.

  • UniCredit Inclined to Enter Talks With Fortess-Prelios on UCCMB Sale, CEO Says

    MILAN—UniCredit SpA Chief Executive Federico Ghizzoni said Thursday that the bank is inclined to enter exclusive talks with a partnership made up of real-estate group Prelios SpA and Fortess Investment Group LLC to sell its debt collection ...

  • The 10-Point.

    Good morning,Yesterday’s fatal shooting of a soldier at Ottawa’s National War Memorial was a tragic glimpse for Canadians of the global reach of terrorism. The assailant was eventually killed inside the Parliament building. Our story ...

  • Daimler Profit Soars on Robust Demand in Key Markets

    ...

  • Brazil Court Accepts MMX Unit’s Request for Bankruptcy Protection

    SÃO PAULO—A Brazilian court accepted the request made by MMX Sudeste Mineracao SA, a unit of Eike Batista-controlled mining company MMX Mineracao e Metalicos SA, for bankruptcy protection.

  • Pernod Ricard Sales Rise

    PARIS—French drinks maker Pernod Ricard SA is starting to see the light at the end of a long tunnel in China, as a slump in sales in the once-buoyant Chinese market eased.

  • Anglo American Reports Increased Iron Ore Output

    LONDON—Anglo American PLC said on Thursday that its iron-ore production rose sharply in the third quarter, as the mining company joined its larger rivals in increasing output to grab market share even as prices fall.

  • MTU Aero Ups Profit Outlook

    German aerospace supplier MTU Aero Engines AG raised its full-year sales and profit forecast on Thursday after its third-quarter earnings beat estimates as demand for commercial jetliners remains strong.

  • Asian Shares Lose Ground After China Manufacturing Report

    Stocks in Japan and China slipped Thursday as investors assessed the latest read on Chinese manufacturing activity.The Hang Seng Index fell 0.3% to 23333.18 and the Shanghai Composite lost 1% to 2302.42 after HSBC’s preliminary report on ...

  • Hyundai Motor’s Profit Skids

    SEOUL—Hyundai Motor Co.’s third-quarter net profit fell 28%, hurt by a stronger local currency, work stoppages by unionized employees and weak local sales of its new flagship Sonata sedan.

  • Norway Central Bank Holds Rates Steady, Leaves Guidance in Place

    OSLO—Norway’s central bank Thursday held its benchmark interest rate unchanged, as expected, and left in place its earlier guidance that it didn’t expect to begin raising rates until 2016.

  • Publicis Cuts Sales Outlook

    Publicis Groupe SA on Thursday cut its full-year sales outlook as the French advertising company is still feeling the pinch from the failed merger with Omnicom Group Inc.

  • Orange Hurt by Tough Competition

    PARIS—Orange SA on Thursday posted another drop in revenue and profit in its latest quarter as tough competition in some of the telecom group’s largest markets continued to weigh.

  • China HSBC Manufacturing PMI Rises to 50.4

    BEIJING—A closely watched gauge of activity in China’s manufacturing sector rose in October, a result which may go some way in easing concerns over the pace of Chinese economic growth.

  • Russia’s Ruble Weakens to All-Time Low

    MOSCOW—The Russian ruble weakened to fresh all-time lows versus the euro-dollar basket in early trade on Thursday as oil prices again dipped lower.

  • How to Navigate the Roads in China

    Paul Procee is the program leader for urban, water, transport, and disaster risk management in China at the World Bank. He handles urban infrastructure projects across the country and is based in Beijing. Mr. Procee, who is originally from ...

  • Michael Brown Autopsy Shows Close-Range Hand Wound

    The autopsy report on Michael Brown, the teenager shot on Aug. 9 by an officer in Ferguson, Mo., shows he had a close-range hand wound.

  • What’s News: World-Wide

    A gunman fatally shot a soldier in Ottawa before being killed inside Parliament, in an incident that shut down the Canadian capital.Iraq’s Kurdish authorities approved the deployment of 150 soldiers to relieve fellow Kurds fighting Islamic ...

  • What’s News: Business & Finance

    An air-bag recall is turning into a new safety crisis for the auto industry. Takata is being investigated to see whether the supplier misled U.S. regulators about safety.

  • See The Wall Street Journal’s Front Page

    See The Wall Street Journal’s Front Page

  • Park Avenue Christian Church Due Millions

    A historic church on Park Avenue is due to receive at least $24.7 million under a disputed plan to allow a developer to build a condominium tower on the site of its parish house, court records show.

  • What’s News—

    Business & FinanceInvestors in emerging markets are cooling on stocks of companies that sell essential goods like food and drinks after a dizzying rally that has left those shares looking expensive.

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