News Archive for May 24, 2016

  • Williams-Sonoma Tidies Up Well

    In the age of Amazon.com Inc., investors need to be picky about which retailers to bet on. One beaten-down stock that could be due for a revival: Williams-Sonoma Inc.

  • U.S. Stocks Climb, Led by Financials, Tech

    U.S. stocks rose on Tuesday, boosted by gains in financial and technology stocks.Strong housing data, rising oil prices and increasing confidence that higher interest rates won't undermine stock prices combined to help lift major indexes as ...

  • Paradise, Hawaiian Style in Oahu Development

    Between Waikiki and downtown Honolulu, one of the last available parcels for coastal redevelopment in urban Oahu is undergoing a transformation.

  • Anthem and Cigna: What Worried Investors Have to Hear

    Companies tend to break a few eggs when making a deal omelet, so investors probably shouldn't fret too much about squabbling between Anthem and Cigna. It is the regulatory cook in the kitchen that is the bigger issue.

  • Armajaro Asset Management CEO Harry Morley Departs

    LONDON—The chief executive of commodities hedge fund Armajaro Asset Management LLP, best known for its command of the cocoa market, has left his position.

  • Monsanto Rejects Bayer Merger Offer, Says It’s Open to Talks

    Monsanto Co. rejected Bayer AG's $62 billion takeover offer, saying the biotech seed giant's business merited a higher price, though Monsanto said it remains open to further talks on a deal.

  • Bill Cosby Criminal Case To Move Forward

    NORRISTOWN, Pa.—A judge ruled on Tuesday that there was enough evidence to move forward with the first criminal case against comedian Bill Cosby, who faces three felony charges of aggravated indecent assault.

  • Nigeria’s Central Bank Governor Warns of ‘Imminent’ Recession

    The governor of Nigeria's central bank on Tuesday said Africa's largest economy is headed into an imminent recession, adding that he would partially loosen the local currency's peg to the dollar, a policy he said had helped bring about the ...

  • Australian Miners Have Sweet Spot in Beef

    BRISBANE, Australia—Australian mining companies, struggling amid a commodities slump, have found an unlikely money-spinner: beef.The success of pastoral companies owned by miners including BHP Billiton Ltd. and Rio Tinto PLC has become an ...

  • Chinese Investors Pour Money Into U.S. Property

    Commercial property sales have slowed in the U.S. this year—but Chinese investors are continuing to plow money into the market.So far in 2016, Chinese companies have purchased or are buying 47 U.S. properties worth $9.3 billion, according ...

  • For Bond Traders Things Can Only Get Better

    Bond trading looked bust after one of the bleakest first quarters of recent years even including the crisis. But there are reasons for optimism—a little at least.

  • Bank of Canada Expected to Hold Key Rate, Sound More Cautious Tone

    OTTAWA—Canada's central bank is widely expected to keep its key interest rate unchanged this week, but could sound a more cautious note following a string of weak economic-data releases and wildfires that curbed Alberta's energy production.

  • Grand Jury Cites Tax-Rule Flaws

    A Manhattan grand jury urged a broad crackdown on property owners who file false statements in order to lower property tax bills on office and apartment buildings.

  • Barack Obama Voices Human-Rights Concerns in Vietnam

    HO CHI MINH CITY, Vietnam—President Barack Obama stepped up criticism of Vietnam's human-rights record a day after hailing a new era of relations, after Hanoi barred some political dissidents from a Tuesday meeting with him.

  • U.S. Tracked Taliban Leader Before Drone Strike

    U.S. spy agencies zeroed in on Mullah Akhtar Mansour while he was visiting his family in Iran, then waited for the Taliban leader to move back across the border into Pakistan. That is where the Americans planned to ambush him.

  • Bronx Man Charged With Supporting Islamic State

    A 22-year-old Bronx, N.Y., resident was arrested Tuesday and accused of sympathizing with Islamic State, part of a continuing effort by the U.S. to catch the terrorist group's supporters before they travel overseas or commit violence.

  • Verizon CEO: Strike May Hit Results

    Verizon Communications Inc. hinted on Tuesday that the continuing labor strike may impact its second-quarter results.The strike, which began April 13, involves nearly 40,000 employees, primarily in its landline division. The carrier has ...

  • Ending the Catfish Fight

    President Obama is in Vietnam and Japan this week, where he'll probably be getting an earful about America's rising antitrade sentiment and the threat that poses to the Trans-Pacific Partnership trade deal. So here's hoping the U.S. Senate ...

  • EU Emissary Says Poland Committed to Ending Court Crisis

    A European Union emissary said after meeting top Polish officials Tuesday that the government had made a strong commitment to ending the constitutional crisis that has roiled the country since last year and sparked a major clash with ...

  • A Moveable Feast of Summer Books

    For those who approach reading with a healthy appetite, here are seven books to try this summer.Tess moves to New York in search of a richer existence and finds herself entangled in the sensual pleasures—and purveyors—of the restaurant ...

  • Turkey’s New Premier Charts Mission With Cabinet Shuffle

    ISTANBUL—Turkey's economy and foreign policy chiefs kept their jobs Tuesday in the cabinet lineup unveiled by the new prime minister, who also vowed to transfer more power to President Recep Tayyip Erdogan.

  • More Young Adults Living With Parents Than a Romantic Partner

    For the first time in the modern era, young adults are more likely to live with their parents than with a spouse or partner, according to a new study by Pew Research Center.

  • E-Sports Draw Mainstream Advertisers

    Videogaming's rapid shift from a living-room hobby to a spectator sport is luring mainstream advertisers and intensifying competition between big game publishers and nimble upstarts.

  • EU Clears AB InBev’s $108 Billion SABMiller Takeover

    BRUSSELS—The European Union on Tuesday approved Anheuser Busch InBev NV's roughly $108 billion takeover of rival SABMiller PLC on the condition that the brewer shed almost all of SABMiller's European assets.

  • OPEC’s Ability to Ease An Oil Supply Shock is Now Fading

    OPEC's ability to ease the pain of an oil-supply shock is slipping.For half a century, the Organization of the Petroleum Exporting Countries has buffered global crude markets, curtailing production to ease oil gluts and boosting output to ...

  • Brazil’s Interim President Seeks Measures to Put Economy Back on Track

    BRASÍLIA—Brazil's interim president Michel Temer unveiled a raft of economic measures designed to shore up precarious finances and promote faster growth and professionalism at the nation's state firms such as the troubled oil giant Petróleo ...

  • Cover Story: It’s All About Yellow

    Amazon's sway in the publishing world now extends to even the design of books themselves. The company now accounts for about 45% of all books sold in the U.S., according to Peter Hildick-Smith, president of industry researcher Codex-Group, ...

  • Auto, Mortgage Delinquencies Climb in Energy Regions

    The plunge in oil prices is making it hard for households to pay the bills in energy-producing regions, an ominous localized trend that comes as the rest of the country returns to pre-recession levels of health.

  • Russia Stumbles Over Debt Sale

    MOSCOW—Russia is struggling to sell debt in its first attempt to tap global capital markets in three years, according to people familiar with the matter.

  • Fiat Chrysler Finds New Boss for Alfa Romeo, Maserati

    MILAN—Fiat Chrysler Automobiles NV replaced Harald Wester as head of struggling Alfa Romeo and Maserati, the latest sign of the Italian-U.S. auto maker's efforts to shake up operations at its two premium car brands.

  • Forlorn Canadians Root for NHL Team That Isn’t There

    Martin Lafleur boarded a bus with 50 others from his Canadian hometown and traveled 10 hours to watch the New York Islanders battle the Pittsburgh Penguins in Brooklyn in April. They donned hockey jerseys and cheered passionately.

  • Turkish Central Bank Embraces Pro-Growth Stance Amid Leadership Shuffle

    ISTANBUL—Turkey's central bank cut a key interest rate for a third consecutive month Tuesday, signaling its willingness to support economic growth even as political turmoil at home and a selloff in emerging markets threaten to pressure the ...

  • Street Artist JR Makes Louvre Pyramid Disappear

    The Louvre Pyramid is disappearing from tourists' selfies.On Tuesday, French street artist JR will cover I.M. Pei's 70-foot-high glass monument with colossal black-and-white photos of the 16th-century buildings surrounding the pyramid in a ...

  • Greece Begins Clearing Idomeni Refugee Camp at Macedonia Border

    ATHENS—Greek authorities began at dawn on Tuesday evacuating migrants and refugees from a makeshift camp where thousands have been living since their route into Northern Europe was closed.

  • Chinese Province Aims to Lead Big Data Charge

    GUIYANG, China—The chief executives of major high-tech companies met China's premier on Tuesday against an unusual backdrop: one of China's poorest provinces.

  • Coca-Cola Makes Management Changes

    Coca-Cola Co. shook up its management Tuesday, replacing the heads of its Asia and Africa businesses, in the first major move by President and Chief Operating Officer James Quincey to put his stamp on the beverage giant.

  • In Syria’s Mangled Economy, Truckers Stitch Together Warring Regions

    AL-MABROKEH, Syria—Just before this stretch of Kurdish-controlled territory gives way to Islamic State land, there is a lonely checkpoint consisting of a table, plastic chair and tarp. Two Kurdish security officers man the outpost, one ...

  • Goldman Plans $1.5 Billion Fund to Take Minority Stakes in Private-Equity Firms

    Competition for acquiring direct stakes in private-equity firms just got hotter.Goldman Sachs Group Inc. has jumped into the business of buying minority interests in private-equity firms, joining other players in the fray, including Dyal ...

  • Google’s French Headquarters Raided by Tax Investigators

    PARIS—Dozens of tax investigators swooped into Google's French headquarters on Tuesday in a surprise raid, escalating a tax dispute in which French authorities have sought more than €1 billion ($1.12 billion) from the search firm.

  • EBay’s StubHub to Expand Abroad With Ticketbis Acquisition

    EBay Inc. on Tuesday said it had reached a deal to acquire Spain's online ticket platform, Ticketbis, as it looks to expand its StubHub business abroad.

  • Debt Standoff Hobbles Greek Bailout Talks

    BRUSSELS—Eurozone finance ministers and the International Monetary Fund on Tuesday tried again to resolve a standoff over Greece's bailout—including how to reduce the country's mountain of debt—which has held up new aid payments for the ...

  • Google to Increase Size, Frequency of Ads

    In an effort to avert slowing revenue growth, Alphabet Inc.'s Google plans to show more, and bigger, ads.The Internet giant Tuesday unveiled changes to its lucrative advertising business that are likely to please investors—but could ...

  • Music Executive LA Reid on His Friendly Cincinnati Neighborhood

    Antonio “LA" Reid, 59, is chairman and CEO of Epic Records and a songwriter-producer who has won three Grammy Awards. He is author of “Sing to Me" (Harper), a memoir. He spoke with Marc Myers.

  • An Interior Designer’s Portable Studio

    The past months have been busy for interior designer Lee Broom. First he zipped to Milan to showcase new pieces from his eponymous label at the Salone Internazionale del Mobile furniture fair. Then it was off to New York for the launch of ...

  • Self-Driving Car Startup nuTonomy Raises $16 Million in Funding

    An autonomous vehicle startup backed by Ford Motor Co. Chairman Bill Ford raised $16 million in additional funding with an eye on launching autonomous taxis in Singapore this autumn.

  • Redstone Taps New Stewards for His Viacom, CBS Holdings

    Sumner Redstone said Tuesday he has appointed three new stewards of his media holdings, after dismissing top associates from those duties last week.

  • Switzerland Opens Criminal Proceedings Against BSI Over 1MDB Dealings

    SINGAPORE—Authorities in Switzerland said Tuesday they have opened a criminal investigation of Swiss private bank BSI SA for failing to prevent suspected money laundering and bribery relating to its dealings with Malaysian state investment ...

  • Startup Employees Invoke Obscure Law to Open Up Books

    For more than a year, Jay Biederman has pestered Domo Inc. for its financial statements. The former manager wants to estimate how much his tens of thousands of shares in the tech startup are worth.

  • Is a Higher-Yielding Bond Worth the Risk

    As financial advisers, we often have to tell our clients that a seemingly attractive investment isn't as sweet a deal as it might seem. We also have to winnow out such offerings among securities and strategies that are pitched to us as ...

  • European Equities: Don’t Write Them Off Just Yet

    The disappointment in European equity markets is palpable.Investors are pulling cash out. Deutsche Bank says bluntly that there is “no further upside" for the Stoxx Europe 600 in 2016. The gloom may be hard to shift, as Europe has let ...

  • U.S. New-Home Sales Rise at Fastest Pace in Eight Years

    WASHINGTON—U.S. new-home sales posted their strongest month in more than eight years while prices jumped to a record level, suggesting healthy demand alongside limited supplies across the housing market.

  • Sony Expects Deeper Loss for Image-Sensor Business

    TOKYO—Sluggish sales of Apple Inc.'s iPhones are starting to hit Sony Corp.'s bottom line, with the electronics company warning Tuesday that it expects the business that makes components for smartphones to post a wider operating loss.

  • Anthem CEO Says Cigna Deal Moving Forward

    Anthem Inc. Chief Executive Joseph R. Swedish acknowledged “dynamic tension" with Cigna Corp. over their $48 billion pending merger, but said the health insurers had resolved differences and are on track to receive regulatory approval.

  • We’ve Not Taken Sides on ‘Brexit’, Says BOE Governor Carney

    LONDON—Bank of England Governor Mark Carney on Tuesday defended the central bank's conduct during the U.K.'s debate over its membership of the European Union, challenging accusations that officials strayed into political waters by warning ...

  • ECB Warns Against Rise of Populism

    FRANKFURT—The European Central Bank warned Tuesday that the rise of populist political forces in Europe could slow the implementation of needed economic reforms, leading to market pressure on vulnerable countries.

  • U.K. Outstanding Property Debt Rises for First Time Since 2008

    A rise in U.K. commercial real-estate lending last year has pushed the total amount of outstanding property debt higher for the first time since 2008.

  • The Restaurant Took Your Favorite Dish Off the Menu: Now What

    At Le Bernardin, Eric Ripert is slowly nudging a beloved appetizer out the door.After 15 years on the regular menu in the famed restaurant's formal dining room, the dish—layers of paper-thin raw tuna draped over a foie gras terrine—last ...

  • U.S. Colleges’ Bounty of Foreign Students Thins

    Eastern Washington University's English Language Institute is in crisis mode.The intensive language training program for foreign students in Cheney, Wash., saw enrollment plummet by more than half in recent months, to 41 students for the ...

  • Indy Driver Graham Rahal Takes a 1964 Mini Cooper for a Victory Lap

    Graham Rahal of Indianapolis, 27, driver of the #15 Honda/Dallara for the Rahal Letterman Lanigan team in this weekend's 100th running of the Indianapolis 500, on his 1964 Mini Cooper, as told to A.J. Baime.

  • El Niño Draws to an End

    The El Niño weather phenomenon that plagued Asia since the second quarter of 2015 has now ended, Australia's Bureau of Meteorology said Tuesday.

  • Swift Transportation CEO Restructures Family Debts

    Swift Transportation Co. Chief Executive Jerry Moyes has restructured family financial obligations to reduce his exposure if the trucking company's share price falls.

  • IMF Urges France to Loosen Labor Laws Further to Stimulate Economy

    PARIS—The International Monetary Fund Tuesday urged France to take further steps to tackle high unemployment and debt, beyond Socialist President François Hollande's current plans that are sparking protests and strikes.

  • MTA Canvasses Activities Under Elevated Tracks After Harlem Fire

    The Metropolitan Transportation Authority is examining potential dangers under its network of elevated train tracks, following a fire in Manhattan last week that crippled the Metro-North Railroad for days.

  • Graham Rahal’s First Love: A 1964 Mini Cooper

    Graham Rahal, 27, of Indianapolis, with his 1964 Morris Mini Cooper. Mr. Rahal will drive the No. 15 Honda/Dallara for the Rahal Letterman Lanigan team in this weekend's 100th Indianapolis 500. He restored the Mini Cooper as a high school ...

  • J.M. Smucker Cuts Coffee Prices Another 6%

    J.M. Smucker Co. on Tuesday said it would cut prices on most of its coffee brands in the U.S. by another 6% to reflect continued declines in raw coffee prices.

  • Malaysia’s 1MDB Tells Creditors No Plans to Wind Down

    Malaysian state investment fund 1Malaysia Development Bhd. said on a call with creditors Monday that there are no plans to wind the troubled fund down.

  • Best Buy Issues Soft Profit Outlook

    Best Buy Co. Tuesday warned that its financial performance would be weaker in the current quarter and announced the exit of Chief Financial Officer Sharon McCollam, who had been instrumental in the electronics retailer's recent turnaround.

  • Gold Prices Fall Amid Dollar Strength

    Gold prices fell Tuesday, coming under pressure from a stronger dollar amid rising expectations of an interest-rate rise this year by the Federal Reserve.

  • The Home Anne Hathaway Shared With Ex-Boyfriend Raffaello Follieri is on the Market

    The onetime midtown Manhattan home of actress Anne Hathaway and her then-boyfriend Raffaello Follieri is going on the market for $33 million.

  • Oil Prices Rise as Supply Concerns Persist

    NEW YORK—Oil prices rose Tuesday as traders assessed continued supply disruptions.Light, sweet crude for July delivery recently rose 57 cents, or 1.2%, to $48.65 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, ...

  • Coca-Cola Enterprises Shareholders Vote to Approve Bottling Tie-Up

    Coca-Cola Enterprises Inc. shareholders voted to approve the company's proposed bottling merger Tuesday, which would create the largest independent Coke bottler by sales world-wide.

  • Kansas City Southern Expects Rough 2016 for Rail Industry

    Shipping crude oil is going to become an increasingly unpredictable business for railroads, as refiners have now demonstrated they will turn to the cheapest source for oil—no matter its location.

  • Barington Capital Starts a Proxy Fight at Retailer Chico’s

    Activist investor Barington Capital Group LP has launched a fight for board seats at apparel chain Chico's FAS Inc.Barington is nominating two directors to serve on the company's nine-person board, confirming a report by The Wall Street ...

  • Dollar Rallies Amid Hawkish Fed Commentary, Positive Data

    The dollar rose Tuesday as investors focused on positive economic data and additional comments from Fed officials that indicated a rate increase could be coming soon.

  • Natural Gas Falls on Weather Outlook

    NEW YORK—Natural gas prices fell for a second straight session on Tuesday due to mild weather forecasts that have muted demand expectations.

  • Japan’s Shinzo Abe Seeks Foreign Support for More Government Stimulus

    TOKYO—Prime Minister Shinzo Abe is hoping to get some help from his Group of Seven friends this week for his plans to prop up Japan's economy with more government spending.

  • Minnesota Abuse Victims Claim Church Shielded $1.7 Billion in Assets

    Hundreds of clergy sexual abuse victims raised the stakes in their clash with the Catholic Church on Monday, with victims' lawyers claiming that the Archdiocese of St. Paul and Minneapolis has worked for decades to keep some $1.7 billion in ...

  • Twitter Tweaks Will Make 140-Character Limit Roomier

    Twitter Inc. is sticking with its signature 140-character limit, but the allotment will start to feel a bit longer soon.The company on Tuesday announced several tweaks to the format of its posts to make its social-media platform simpler and ...

  • Broadway’s Jennifer Simard on Aerosmith’s ‘Dream On’

    Actress Jennifer Simard, 45, was nominated for a Tony award for her starring role in Broadway's “Disaster!" She spoke with Marc Myers.My father used to listen to the radio while he worked outside our house in Litchfield, N.H. The radio was ...

  • U.S. Government Bonds Pull Back

    U.S. government bonds pulled back Tuesday, sending the two-year yield to the highest level in more than two months, as the market was weighed down by concerns over higher interest rates from the Federal Reserve this summer and looming ...

  • Wary Takeover Targets Wrest Fees, Guarantees From Chinese Suitors

    U.S. computer distributor Ingram Micro Inc. got more than a handshake in February when it signed a takeover deal with a Chinese conglomerate.

  • Airbus Tackles Its Procrastination Problem

    Airbus Group SE executives are trying to end what has become an unwanted annual rite: the plane maker's scramble to hit its year-end jet-delivery promise.

  • Banks Dealt Blow in Libor Lawsuits

    In a setback for some of the world's largest financial institutions, a U.S. appeals court on Monday reinstated the private antitrust lawsuits filed against 16 banks for allegedly rigging Libor interest rates.

  • Facebook to Revamp ‘Trending Topics’ Feature to Reduce Bias Risk

    Facebook Inc. told a U.S. senator that an internal investigation had found “no evidence of systematic political bias" against conservatives in its trending topics tool, but that it will revamp how the feature works to minimize the potential ...

  • U.S. Banks’ Loophole on Swaps Set to Close

    WASHINGTON—U.S. banks will likely lose the ability to shift some of their swaps business overseas as regulators are expected to complete rules Tuesday that close a legal loophole.

  • More North Korean Restaurant Workers Defect, South Says

    SEOUL—A group of North Koreans has fled from a restaurant where they worked outside the country, South Korea's government said, in another apparent defection attempt after 13 North Koreans defected from a restaurant in China earlier this ...

  • Hewlett Packard Enterprise Earnings: What to Watch

    Hewlett Packard Enterprise, the former Hewlett-Packard Co. operations that focuses on corporate technology customers, is scheduled Tuesday to issue its results for the fiscal second quarter. Here is what you need to know:

  • Nant Health, L.A. Billionaire’s Health-Care Firm, Seeks $82 Million in IPO

    Nant Health LLC, the biomolecular medicine company run by a Los Angeles billionaire entrepreneur, said Tuesday it sees its stock pricing between $12.50 and $15.50 a share in its coming initial public offering.

  • Canada’s Banks Continue to Face Oil-Price Fallout

    Canada's biggest banks begin reporting their fiscal second-quarter earnings this week and lower oil prices are expected to pressure results.

  • TransDigm to Acquire Data Device Corp. for $1 Billion

    TransDigm Group Inc. agreed to acquire the parent of defense firm Data Device Corp. from Behrman Capital for $1 billion in cash.In 2003, the private-equity firm partnered with the chief executive of ILC Industries -- parent of Data Device ...

  • China’s Middle Class Vents Over Growing List of Grievances

    BEIJING—The death here of a 29-year-old man in police custody—a new father and graduate of a prestigious Chinese university—has exposed increasing anxieties in the country's growing middle class, already shaken by a decelerating economy and ...

  • Valspar Misses Expectations as Paint Volumes Slide

    Valspar Corp., in the midst of a merger with rival Sherwin-Williams Co., said earnings in its latest quarter fell amid restructuring costs and lower paint sales.

  • DSW Posts Smaller Profit, Slashes Outlook on Softer Shoe Sales

    Disappointing shoes sales at DSW Inc. dragged earnings down by more than a third in its first quarter, prompting the retailer to slash its outlook for the year.

  • Trump and the War Over Women

    A young Hillary Clinton wrote her college thesis about “Rules for Radicals" author Saul Alinsky. But our columnist William McGurn says that “while Mrs. Clinton may have studied Alinsky, Mr. Trump is showing himself the better Alinskyite. ...

  • Say What

    Say What is an occasional feature in which a financial adviser shares a statement he or she has heard from a client that is unforgettable for its wisdom or its wackiness or another reason.

  • Sony Rattled but Not Rolled by Earthquake Disruption

    An earthquake shook billions of yen off Sony's forecasts, but the news isn't all bad for the Japanese electronics giant.The company said Tuesday it expected operating profit to stay nearly flat at 300 billion yen ($2.7 billion) for this ...

  • Chinese Food Company Zhouheiya Plans Up to $500 Million Hong Kong IPO

    HONG KONG—A Chinese food company famous for its spicy dried-duck snacks and an appearance in a Hollywood blockbuster movie is pressing ahead with an initial public offering in Hong Kong.

  • AutoZone Earnings Rise but Fall Short of Estimates

    AutoZone Inc. on Tuesday reported 5.9% profit growth in the most recent quarter, though results came in solidly below expectations as the replacement-part retailer overhauls its distribution process.

  • ConAgra CFO John Gehring to Retire

    ConAgra Foods Inc. said Chief Financial Officer John Gehring is retiring after 14 years with the company, but will remain in the role until the food maker finds his replacement.

  • Toll Brothers Profit, Revenue Beat Forecasts

    Toll Brothers Inc. on Tuesday reported better-than-expected profit and revenue in the second quarter, helped by higher pricing and contracts, and signaled that market conditions could continue to boost the luxury home builder's performance.

  • Kirkland’s Misses Analysts’ Views

    Kirkland's Inc.'s profit tumbled 64% in the first quarter as the home-decor retailer logged sales growth below expectations.But Chief Executive Mike Madden said results were “in line with our expectations as we executed on our strategic ...

  • CMO Today: The Fight Over Viacom’s Future

    STAGING A COUP: In the raging battle at Viacom, all eyes are now on Shari Redstone, the daughter of mogul Sumner Redstone. And in true Redstone form, the brawl is heading to court. Viacom CEO Philippe Dauman and George Abrams, a Viacom ...

  • U.K. Region Approves First Fracking Permit Since 2011

    LONDON—An English county government on Monday approved an application for what could be the first permit to frack for shale gas in Western Europe since 2011.

  • The 10-Point. A personal, guided tour to the best scoops and stories every day in The Wall Street Journal, from Editor in Chief Gerard Baker.

    Good morning,Hollywood BrawlThe power struggle atop Sumner Redstone's $40 billion media empire intensified yesterday as two longtime lieutenants sued his daughter, accusing her of manipulating the aging mogul to stage a coup. Viacom CEO ...

  • SEB Shares Soar on WMF Deal

    FRANKFURT—French appliance company SEB SA has agreed to buy WMF, a maker of coffee machines and premium kitchenware, from private equity group KKR & Co. in a deal valued at around €1.6 billion ($1.8 billion), SEB said late Monday, its ...

  • How One Social Network Is Trying to Win Over Ad Blockers

    Getting a group of young, Web-savvy men to pay attention to a digital ad is tough. And that's if they aren't using an ad blocker.Imgur, a fast-growing social network dominated by millennial men, has figured out how to help marketers grab ...

  • Own Startup Shares

    Privately held startups have fewer disclosure requirements than their publicly traded counterparts. But in the eyes of their employees and shareholders, private companies shouldn't be so private.

  • Photos: President Obama in Vietnam

    ...

  • Asia Shares Retreat on Falling Commodities Prices, Fed Rate Uncertainty

    Shares across Asia mostly slid Tuesday as prices of oil and other commodities fell, while investors continued to struggle with uncertainty over the timing of the next U.S. interest-rate increase.

  • Old Mutual Receives Approaches for OM Asset Management

    LONDON—Old Mutual PLC on Tuesday said it has received a number of approaches from third parties to buy its stake in OM Asset Management PLC, as the financial services group explores ways to separate its four main businesses.

  • Germany GDP Growth Accelerated in First Quarter

    FRANKFURT—German economic growth accelerated at the start of the year helped by robust domestic demand, particularly in the construction sector, according to the Federal Statistical Office.

  • China’s Brokerages: The Next Leverage Frontier

    In a world where financial institutions are squirming in regulatory straitjackets, Chinese brokerage firms are being let loose without having to perform Houdini-like escapes.

  • With Lucas Duda on the DL, Mets Have a Big Hole at First Base

    WASHINGTON, D.C.—Mets first baseman Lucas Duda will miss the foreseeable future with a stress fracture in his back, an injury manager Terry Collins said should sideline the slugger for a minimum of four to six weeks, but in all likelihood ...

  • Backstage Buzz: ‘She Loves Me’ Has a Record

    Behind the ‘She Loves Me' MusicThe cast of “She Loves Me" gathered last week for the first listen of its cast album, a recording that almost didn't happen, said Todd Haimes, artistic director of Roundabout Theatre Company, the show's ...

  • Broadway Achieves a Record

    Broadway attendance reached a record 13.3 million during the 2015-16 season, according to the Broadway League, the industry's trade group.For the season, which officially ended on Sunday, attendance rose 1.6% compared with 2014-15, a third ...

  • At Bell Works, a Little City in the Suburbs

    The attraction of cities for technology firms and others wooing a millennial workforce has been a much-touted phenomenon in office real estate, but one New Jersey developer got a boost last week for an alternative vision, offering an urban ...

  • Yankees Return Home With a New Lease on 2016

    When the Yankees departed for their road trip last week, they were languishing in the cellar of the American League East, the fate of their season hanging in the balance.

  • New York City Council Set to Cut Penalties for Low Level Offenses

    Eight bills that would reduce penalties for minor offenses such as urinating in public, having open containers of alcohol and littering are expected to pass in the New York City Council on Wednesday, officials said.

  • Atlantic City Gets Lifeline

    New Jersey lawmakers reached a deal on Monday to bail out Atlantic City, the once-bustling gambling mecca that has been teetering on the edge of bankruptcy for months.

  • PDVSA Offers Debt Exchange to Service Providers

    CARACAS—Venezuela's cash-strapped state oil company is offering service providers a debt exchange, proposing to swap $2.5 billion worth of debt for dollar bonds, according to two contractors who were offered the deal and documents reviewed ...

  • Hillary Clinton, Donald Trump Spar Over National Security

    Republican Donald Trump charged in an interview that Hillary Clinton is “grossly incompetent" and “knows nothing about national security," trying to combat a series of withering attacks from the Democrat's campaign on his temperament and ...

  • Corrections & Amplifications

    Preliminary purchasing managers indexes for France, Germany and the eurozone were released on Monday. In some editions Monday, the Economic Calendar incorrectly said the data were to be released on Tuesday.

  • Newt Gingrich Blasts Mitt Romney’s Bid to Derail Donald Trump

    Former House Speaker Newt Gingrich on Monday lambasted Mitt Romney for his failed drive to derail GOP presidential front-runner Donald Trump, calling his actions “pathetic" and his effort “not particularly effective."

  • Why Bayer’s Big Monsanto Bid Has Fallen Flat

    One problem with conglomerates is that there is something to dislike for everyone. Bayer's bid to buy U.S. seeds and pesticides company Monsanto risks suffering the same affliction, at least as far as its shareholders are concerned.

  • Russia Places First Eurobond Since Sanctions Imposed

    Russia on Monday was placing its first Eurobond since Western sanctions were imposed two years ago, pressing ahead with the issue despite Western banks not taking part.

  • Overheard

    Promises, promises.Valeant Pharmaceuticals International's new CEO, Joseph Papa, addressed investors directly for the first time Monday since he took over earlier this month. He declined to update Valeant's 2016 sales and earnings guidance, ...

  • The Turkish Lira May Not Get Its Mojo Back

    Political turmoil is driving investors out of the Turkish lira. But even without the politics, this currency has problems.Last month, analysts were still touting the lira and the currency hit an eight-month high against the dollar.

  • Polycom Receives Revised Offer From Second Potential Buyer

    Polycom Inc., which had agreed to be bought out by Canadian telecommunications company Mitel Networks Corp., on Monday disclosed a revised offer from a second buyer that could derail the nearly $2 billion Mitel deal.

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February 2016
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