News Archive for August 26, 2016

  • Timing of Fed Interest Rate Increase Still in Question

    Timing of Fed Interest Rate Increase Still in Question Federal Reserve officials signaled clearly they see an interest rate rise in the economy’s future. What they didn’t have much to say about was when it might happen.

  • Best-Selling Books Week Ended Aug. 21

    Best-Selling Books, Week Ended Aug. 21 Best-selling books, week ended Aug. 21, with data from Nielsen BookScan.

  • British Police Arrest Five Men on Suspicion of Terror Plot

    British Police Arrest Five Men on Suspicion of Terror Plot British police have arrested five men suspected of planning to carry out acts of terrorism, and have dispatched a bomb disposal unit to an address in Birmingham, England’s second-largest city, the West Midlands Counter Terrorism unit said.

  • Procter & Gamble CEO David Taylor’s Pay Totaled $14 Million Last Fiscal Year

    P&G CEO Taylor’s Pay Totaled $14 Million The value of Procter & Gamble Co. Chief Executive David Taylor’s total pay more than doubled as he took the consumer-product giant’s helm late last year.

  • Icahn-Ackman Herbalife Trade Could Be a Win-Win for the Brawling Billionaires

    Icahn-Ackman Herbalife Trade Could Be a Win-Win for the Brawling Billionaires Carl Icahn’s exploration of a sale of his Herbalife Ltd. stake to a group of investors including William Ackman is rich with irony. But a deal like the one discussed would, in both their eyes, likely deliver a profit.

  • U.S. Government Bonds Reverse Gains After Yellen Remarks

    U.S. Government Bonds Reverse Gains After Yellen’s Remarks U.S. government bonds reversed earlier gains Friday after Federal Reserve Chairwoman Janet Yellen signaled that U.S. interest-rates are likely to rise soon.

  • Alere Sues Abbott Laboratories to Force Merger

    Alere Sues Abbott to Force Merger Alere Inc. escalated its fight with reluctant buyer Abbott Laboratories by filing a lawsuit against its potential acquirer to push it to move forward with the deal.

  • American Craft Beers Hop Across the Atlantic to Meet Growing British Demand

    American Craft Beers Hop Across the Atlantic Exports to Britain of American craft beers—and U.S.-grown hops—are growing as tastes shift, even as mainstream beer volumes continue to fall.

  • French Court Suspends Beach Burkini Ban

    French Court Suspends Beach Burkini Ban France’s highest administrative court suspended a local ban on wearing head-to-foot burkini swimsuits, setting a precedent in a highly charged national debate over Muslim clothing and French identity.

  • New Hope in the Search for a Treatment for Obesity

    New Hope in the Search for a Treatment for Obesity A study finds that the medication setmelanotide led to dramatic weight loss in two teenagers with an obesity disorder.

  • Self-Directed Retirement Savers May Hit Hurdles When Seeking Help

    Broker’s World Self-Directed Retirement Savers May Hit Hurdles When Seeking Help New federal rules governing how people save for retirement may limit the guidance that investors managing their own individual accounts can get from providers.

  • Lotte Vice President Found Dead Amid Finance Inquiry

    Lotte Vice President Found Dead Amid Finance Inquiry The second-in-command of South Korea’s Lotte conglomerate was found by a passerby hanging from a tree, police said, as prosecutors investigating the company were preparing to question him.

  • Chef April Bloomfield’s Animal Ambition

    Chef April Bloomfield’s Animal Ambition The nose-to-tail chef on her latest projects: an English farm and a New York butcher shop.

  • Be Safe: Update Your iPhone to iOS 9.3.5

    Be Safe: Update Your iPhone to iOS 9.3.5 Anyone using Apple’s iPhones should immediately update to the latest version of iOS 9 to ward off a security flaw that apparently can turn the device into a surveillance tool.

  • An Identity Crisis for Self-Driving

    Self-Driving Cars and What to Call Them The self-driving car industry is going through some terminological growing pains. A look at what Tesla and Google want.

  • Oil Prices Near Flat As Dollar Rises

    Oil Prices Near Flat As Dollar Rises Oil prices traded near flat Friday, erasing earlier gains, after the U.S. Federal Reserve chairwoman left the door open for a sooner-than-later rate increase.

  • Dollar Gains Against Major Currencies After Yellen Speech

    Dollar Gains Vs Major Currencies After Yellen Speech The dollar gained against major currencies, after a speech by Janet Yellen appeared to open the door to a rate increase in coming months while signaling that the central bank will continue raising rates at a slow pace over the long term.

  • Stocks Slide as Investors Digest Yellen’s Remarks

    Stocks Slip After Yellen’s Remarks U.S. stocks bounced around Friday after Federal Reserve Chairwoman Janet Yellen said in prepared remarks that the case for an increase in short-term interest rates has strengthened in recent months.

  • Tesla Raises Price of Autopilot Option by $500

    Tesla Raises Price of Autopilot Option by $500 Tesla raised the price of its semi-autonomous Autopilot option by $500, the latest move by the Silicon Valley auto maker to adjust prices and options on its electric vehicles.

  • Italy Earthquake: Mayor of Amatrice Vows to Rebuild

    Aftershock Complicates Rescue Effort A strong aftershock on Friday hampered the search for survivors and bodies after a devastating earthquake that left at least 267 people dead, as the mayor of the hardest-hit town pledged to rebuild from the rubble.

  • Rackspace to Go Private in $4.3 Billion Deal

    Rackspace to Go Private in $4.3 Billion Deal Cloud-computing provider Rackspace Hosting is being taken private by private-equity firm Apollo Global Management for $4.3 billion.

  • Saudi-Led Airstrikes Reportedly Kill 11 Civilians in Yemen

    Saudi-Led Airstrikes Reportedly Kill 11 Civilians in Yemen Unconfirmed photos posted on social media by supporters of the Shiite rebel Houthis showed bodies of children and charred remains. Saudi Arabia considers the rebel group a proxy for Iran.

  • U.S. Consumer Sentiment Eases Slightly in August

    U.S. Consumer Sentiment Eases Slightly in August A gauge of consumer sentiment edged lower in August, a potentially worrying sign for an economy heavily reliant on personal spending for growth.

  • Mobile Bank Heist: Hackers Target Your Phone

    Mobile Bank Heist: Hackers Target Your Phone Cyber thieves are increasingly hacking into consumer bank accounts through customers’ mobile phones.

  • Natural Gas Gains on Improving Supply-and-Demand Balance

    Natural Gas Gains on Improving Supply-and-Demand Balance Natural gas prices rebounded from losses Friday, rallying for a second session on a far-below-average storage addition last week.

  • An Antidote to Depression-Era Gloom

    An Antidote to Depression-Era Gloom Full of variations of color with the tempos of jazz, Stuart Davis’s ‘Swing Landscape’ is a glorious summation of all the artist had been and was still to be.

  • Canada to Increase Contribution to Peacekeeping Missions

    Canada to Boost Global Peacekeeping Contribution Canada said it would commit $348 million over three years for peacekeeping efforts, as part of a push to expand the country’s role in promoting peace and security abroad.

  • PricewaterhouseCoopers Settles $5.5 Billion Crisis Era Lawsuit

    PricewaterhouseCoopers Settles Crisis Era Lawsuit Accounting giant PricewaterhouseCoopers LLP has settled a $5.5 billion lawsuit in the middle of a trial over its alleged failure to catch the massive fraud at Taylor Bean & Whitaker Mortgage Corp., according to a lawyer involved in the case.

  • Internet Companies May Have to Pay Publishers for News Under New EU Rules

    Web Firms May Have to Pay Publishers for News Under New EU Rules News aggregators like Google news search may have to pay publishers to list news articles on their websites under European Union plans to update copyright rules.

  • Yellen Cries Wolf

    Yellen Cries Wolf Fed chairwoman tries to convince the market that a rate rise is coming but investors aren’t listening.

  • AB InBev Warns of Thousands of Merger-Related Job Losses

    AB InBev Warns of Thousands of Merger-Related Job Losses Belgium’s Anheuser-Busch InBev warned its beer megamerger with SABMiller could lead to thousands of job losses in coming years, according to documents related to the transaction.

  • FDA Calls for Zika Testing of All Blood Donations

    FDA Calls for Zika Testing of All Blood Donations The Food and Drug Administration is calling for Zika testing of all donated blood and blood products nationwide as a preventive measure to help stem the spread of the virus.

  • 2017 Aston Martin DB11 Review: Your Gran Turismo Awaits, Sire

    2017 Aston Martin DB11: Your Grand Tourer Awaits, Sire A test drive of Aston Martin’s DB11 $212,000 super-sports luxury coupe. Nail the gas pedal and the landscape runs to watercolor.

  • Prada Sales, Profit Fall in First Half

    Prada Sales, Profit Fall in First Half The chairman of the Hong Kong-listed fashion house said the company was now aiming to double its online sales, an area it had largely ignored, for each of the next three years.

  • Yes, Students Do Learn More From Attractive Teachers

    Yes, Students Do Learn More From Attractive Teachers A new study finds that college students taught by good-looking lecturers did better on a quiz.

  • Bonnie Baha Gave Early Warnings on Bond Risks

    Bonnie Baha Gave Early Warnings on Bond Risks Bonnie Baha was a fixture on business TV and in news articles about the bond market. As a senior analyst at DoubleLine Capital, she was known for spotting early signs of trouble at other financial institutions. Ms. Baha died Aug. 21 at 56.

  • Free Speech Is the Basis of a True Education

    Free Speech Is the Basis of a True Education A university should not be a sanctuary for comfort but rather a cruciblefor confronting ideas.

  • D.A. Henderson Led Global Campaign to Wipe Out Smallpox

    D.A. Henderson Led Global Campaign to Wipe Out Smallpox D.A. Henderson, an American medical doctor sometimes described as a disease detective, led the successful global battle to eradicate smallpox in the 1960s and 1970s. He died Aug. 19 at 87.

  • Gold Prices Swing Following Yellen’s Speech

    Gold Prices Swing Following Yellen’s Speech Gold prices fluctuated between gains and losses on Friday as metal traders remain skeptical about a possible interest-rate rise despite remarks by Fed chief Janet Yellen.

  • CEO Barry Sullivan Helped Stabilize First Chicago, Then Hit Snags

    CEO Barry Sullivan Helped Stabilize First Chicago, Then Hit Snags Barry Sullivan, a college basketball star turned banker, was chief executive of First Chicago Corp., one of the biggest banks in the Midwest. He also served as deputy mayor in New York. He died Aug. 11 at 85.

  • Theranos to Appeal Regulatory Sanctions

    Theranos to Appeal Regulatory Sanctions Silicon Valley startup Theranos said it plans to appeal a decision made last month by regulators to revoke its license to operate a lab in California, among other penalties, because of unsafe practices.

  • U.S. Corporate Profits Climbed as GDP Ticks Down to 1.1%

    U.S. Corporate Profits Climbed as GDP Ticks Down to 1.1% A key measure of corporate profits rose this spring for a second straight quarter alongside modest growth in the overall economy, though U.S. businesses remain under pressure from global weakness and other forces.

  • How Presidents Can Blow It During a National Disaster

    How Presidents Can Blow It During a National Disaster The expansion of federal capacities, public expectations and media scrutiny are shaping the response to the Louisiana floods, Zika and other crises.

  • The Price of the Calm After the Storm

    The Price of the Calm After the Storm Markets are calm this August. Policy makers have ensured that, but distortions are rife.

  • Carl Icahn Mulled Selling Herbalife Stake to Group That Included Bill Ackman

    Carl Icahn Mulled Selling Herbalife Stake to Ackman Carl Icahn recently discussed selling his stake in Herbalife to a group including the company’s arch-nemesis William Ackman, another surprising twist in a battle between billionaires that has riveted Wall Street.

  • Katie Ledecky Is Dominant Everywhere Except the Little Falls Swimming Club

    The A-Hed Katie Ledecky Is Dominant Everywhere Except the Little Falls Swimming Club An arcane and lengthy point system ranks would-be members of the suburban Washington, D.C., neighborhood pool, including the family of the Olympic champion.

  • Vivendi: Why Empire Building Is No Strategy

    Vivendi: Why Empire Building Is No Strategy French media group Vivendi is benefiting from the growth of music streaming, but investments in struggling Italian companies are puzzling.

  • Bacardi Heiress Asks $27.26 Million for Coral Gables, Fla., Home

    Bacardi Heiress Asks $27.26 Million for Coral Gables, Fla., Home Hilda Maria Bacardi, great great granddaughter of the founder of the liquor company, spent about eight years building the 12-bedroom property.

  • The Strongman of Instagram

    The Strongman of Instagram: How Chechnya’s President Bends Social Media to His Will The continuous stream of charming, callous and menacing posts by President Ramzan Kadyrov and his supporters shows how social media can be as much a tool of repression as of liberation.

  • Fed Chairwoman Janet Yellen Sees Stronger Case for Interest-Rate Increase

    Fed’s Yellen Sees Stronger Case for Interest-Rate Rise Federal Reserve Chairwoman Janet Yellen signaled growing conviction that the central bank will raise short-term interest rates in the weeks or months ahead.

  • U.S., Russia Discuss Syria Cooperation Plan

    U.S., Russia Discuss Syria Cooperation Plan U.S. Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov are meeting Friday in a bid to complete a deal on increased cooperation in Syria.

  • Mexico’s July Trade Deficit Wider Than Expected

    Mexico’s July Trade Deficit Expands Mexico’s ran up a wider-than-expected trade deficit in July as exports of petroleum and manufactured goods fell sharply from a year earlier, partially offset by a decline in imports.

  • U.S. Government Bonds Weaken on Strong Durable Goods Report

    U.S. Government Bonds Weaken on Strong Durable Goods U.S. government bonds weakened slightly Thursday morning after a better-than-expected durable goods report.

  • STX Offshore & Shipbuilding Aims to Stay Afloat

    STX Offshore & Shipbuilding Aims to Stay Afloat Troubled Korean shipbuilder STX Offshore & Shipbuilding said it will lay off about a third of its workforce and sell a yard in France as part of wide ranging restructuring plan to stay above water.

  • Japan’s Public Pension Fund Sees Strategy Shift Backfiring

    Japan’s Public Pension Fund Sees Strategy Shift Backfiring The fund, tasked with providing a real return of 1.7% annually over the long term, last year began moving more money into stocks and foreign bonds.

  • Rebels, Civilians Begin Leaving Besieged Damascus Suburb

    Rebels, Civilians Leave Besieged Damascus Suburb Under the deal between the Syrian government and its opposition, the civilians of Daraya are being moved to nearby suburbs, while rebels are being transferred to a northern province.

  • Judge in Stanford Sex Assault Case Will No Longer Hear Criminal Cases

    Judge in Stanford Sex Assault Case Will No Longer Hear Criminal Cases A judge who came under harsh criticism for the leniency of a six-month jail sentence for a former Stanford University swimmer who sexually assaulted an unconscious woman will no longer hear criminal cases—a move that came at his own request—according to a California court.

  • U.K. GDP Boosted by Household Spending Ahead of Brexit Vote

    U.K. GDP Boosted by Household Spending Ahead of Brexit Vote Strong growth in household spending helped boost the British economy in the run up to the U.K.’s referendum on continued European Union membership, while business investment fell slightly year-over-year.

  • Oscar Pistorius Sentence Extension Appeal Is Dismissed by South African Judge

    Oscar Pistorius Sentence Extension Appeal Is Dismissed A South African judge dismissed an appeal by prosecutors for a harsher sentence against Oscar Pistorius who was found guilty of murder for killing his girlfriend in 2013.

  • Golf’s Lofty Ambition: Rules That Make Sense

    Golf’s Lofty Ambition: Rules That Make Sense Golf’s governing bodies are working together to overhaul the rule book to make it more accessible—without fundamentally changing the game.

  • Philippines And Communist Rebels Agree Indefinite Cease-Fire Deal in Oslo

    Philippines, Communist Rebels Reach Indefinite Cease-Fire The Philippines government and the communist National Democratic Front of the Philippines have agreed on an indefinite cease-fire, following a week of peace talks in Oslo, the Norwegian foreign ministry said.

  • Obama to Create World’s Largest Marine Protected Area

    Obama to Create World’s Largest Marine Protected Area President Barack Obama plans to expand a national monument off the coast of Hawaii, creating the world’s largest marine protected area.

  • Jaguar Land Rover Pulls Down Profit at India’s Tata Motors

    Jaguar Land Rover Drags on Profit at Tata Motors Indian auto maker Tata Motors said net profit dropped in the latest quarter because of weaker earnings at its Jaguar Land Rover unit.

  • At Unprecedented Meeting, Fed Officials Voice Support for Activists’ Issues

    Fed Officials Voice Support for Activists’ Issues Federal Reserve officials sought to reassure a group of labor activists that the central bank isn’t going to cool down the economy just as a stronger labor market is reaching a broader swath of Americans.

  • CMO Today: Why Marketing Tech Is Beating Out Ad Tech

    CMO Today: Why Marketing Tech Is Beating Out Ad Tech Here's your morning roundup of the biggest marketing, advertising and media industry news and happenings.

  • The 10-Point.

    The 10-Point: Gerard Baker on Donald Trump and Immigration,Carl Icahn and Herbalife, the Fed and More A personal, guided tour to the best scoops and stories every day in The Wall Street Journal, from Editor in Chief Gerard Baker.

  • Japan’s Public Pension Fund Sees Strategy Shift Backfiring

    Japan’s Public Pension Fund Sees Strategy Shift Backfiring The fund, which has moved more money into stocks and foreign bonds, said Friday that it posted a loss of 3.9% in the April-June period.

  • Why Citron Case Leaves Hong Kong Investors Squeezed

    Why Citron Case Leaves Hong Kong Investors Squeezed Hong Kong’s legal action against a short seller’s research will have a chilling effect for independent analysis, left and right.

  • Singapore’s Air Quality Plummets as Haze Returns

    Haze Returns to Singapore Air pollution in Singapore reached very unhealthy levels as haze engulfed most parts of the city, an indication that renewed cross-border efforts to combat forest fires in Indonesia are showing scant signs of success.

  • Hong Kong Tribunal Rules Against U.S. Short-Seller Andrew Left

    Hong Kong Tribunal Rules Against U.S. Short Seller A Hong Kong tribunal found U.S. short-seller Andrew Left was “reckless or “negligent” for spreading false and misleading information about a Chinese property developer.

  • Big Lots Posts Revenue Decline But Raises Forecast

    Big Lots Posts Revenue Decline But Raises Forecast Big Lots Inc. on Friday reported soft comparable-store sales and a revenue decline but raised its profit forecast for the year.

  • ECB Data Show Spurt in Eurozone Lending Despite Brexit

    ECB Data Show Spurt in Eurozone Lending Lending to firms increased on the year at a faster pace in July than in June, data from the European Central Bank show, offering more evidence that the economy was resilient post Brexit and potentially weakening the need for the ECB to pump more money into the economy at its next meeting.

  • Car Bomb Kills 11 Police Officers in Turkish Border Town of Cizre

    Car Bomb Kills 11 Police Officers in Southeast Turkey Kurdish militants attacked a police checkpoint in southeast Turkey with an explosives-laden truck, killing at least 11 police officers and wounding 78 other people, officials and the state-run news agency said.

  • Today’s Top Supply Chain and Logistics News From WSJ

    Today’s Top Supply Chain and Logistics News From WSJ Delivering up-to-the minute news, analysis, interviews and explanatory journalism on logistics, supply-chain management, e-commerce and more

  • Hungary Plans Second Fence to Stop Migrants

    Hungary Plans Second Fence to Stop Migrants Hungary will build a second, massive fence along its border with Serbia to stop an influx of migrants in case an agreement with Turkey to contain them fails, Hungarian Prime Minister Viktor Orban said.

  • Manhattan Prosecutors Go After Builders on Construction-Site Safety

    Prosecutors Go After Builders on Construction-Site Safety As construction accidents have surged, Manhattan prosecutors are pushing to bring criminal charges against builders they say have sacrificed worker safety for profits.

  • Ridgefield, Conn., Is Far From the New York Crowd

    Ridgefield, Conn., Is Far From the New York Crowd The Fairfield County town offers a charming Main Street, lakes, horse farms, a contemporary art museum and a Revolutionary War battle site.

  • Why Venture Capitalists Are Betting on Marketing Tech Over Ad Tech

    Why Venture Capitalists Are Betting on Marketing Tech Over Ad Tech It’s getting harder for advertising technology companies to raise money, but fundraising for marketing technology firms is as healthy as ever. One key factor is the business models that power these companies, venture capitalists say.

  • Robot Babies Not Effective Birth Control, Australian Study Finds

    Robot Babies Not Effective Birth Control, Study Finds A weekend spent mothering a robot baby to mirror the ‘real experience’ of parenting is meant to discourage teenage girls from getting pregnant. But so-called Baby Think it Over dolls don't cut teen pregnancy rates and in fact increase the risk, Australian research has found.

  • Years of Fed Missteps Fueled Disillusion With the Economy and Washington

    The Great Unraveling Fed Missteps Fueled 2016 Populist Revolt Once admired as wise and deft, the U.S. central bank failed to foresee the financial crisis and has struggled in its aftermath, fostering the rise of populism and distrust of institutions.

  • Mylan Reacts to EpiPen Backlash

    Mylan’s EpiPen Price Increases Highlight Its Grip on the Market The ability of Mylan to raise EpiPen’s list price by nearly 550% over the past eight years underscores the pricing power drug companies enjoy for iconic brands facing little competition.

  • Why Craft Brewing Slowdown Won’t Benefit Big Beer

    Heard on the Street Why Craft Brewing Slowdown Won’t Benefit Big Beer The upscale drift of beverage markets in the developed world cuts the wrong way for big U.S. brewers.

  • Striking Bolivian Miners Kill Government Official

    Striking Bolivian Miners Kill Government Official Bolivian mine workers on strike to protest mining legislation killed a high-ranking government official on Thursday following clashes with police, authorities said.

  • Transcript: Q&A with Kansas City Fed’s Esther George in Jackson Hole, Wyo.

    Transcript: Q&A with Kansas City Fed’s Esther George Talking to Wall Street Journal reporters Jon Hilsenrath and Harriet Torry ahead of the regional reserve bank’s symposium in Jackson Hole, Wyo., Ms. Esther gave her views on the prospect of a Fed interest-rate increase.

  • China Sets New Tone in Drafting Cybersecurity Rules

    China Sets New Tone in Drafting Cybersecurity Rules China is taking a more inclusive tack in imposing cybersecurity standards on foreign technology companies, allowing them to join a key government committee in an effort to ease foreign concerns over planned domestically-set controls.

  • What’s News: World-Wide

    What’s News: World-Wide What’s News: World-Wide

  • What’s News: Business & Finance

    What’s News: Business & Finance What’s News: Business & Finance

  • Pepper...and Salt

    Pepper...and Salt Pepper...and Salt

  • What’s News: Business & Finance

    What’s News: Business & Finance What’s News: Business & Finance

  • What’s News: World-Wide

    What’s News: World-Wide What’s News: World-Wide for the edition of Aug. 26, 2016.

  • Crop Forecasters Take Matters Into Their Own Hands—Literally

    Crop Forecasters Take Matters Into Their Own Hands—Literally Although technology has invaded the Farm Belt, many agricultural traders say nothing beats coming to see the corn and soybean crops for themselves before making harvest estimates.

  • Zika Virus’s Spread Pushes Testing Labs to Expand Capacity

    Zika’s Spread Pushes Testing Labs to Expand Capacity Health officials are rushing to expand the Zika diagnostic testing ability in the nation’s network of public laboratories, after a survey found that capacity could fall short of demand in a significant outbreak.

  • How Economical Are Our National Parks

    Short Answer: How Economical Are Our National Parks? Who doesn’t love the national parks? They are reporting record-breaking crowds this year as Americans join in the yearlong centennial celebration of the U.S. National Park Service. See the data.

  • What’s News: World-Wide

    What’s News: World-Wide What’s News: World-Wide

  • Popular Investments Are Ripe for a Fall

    Popular Trades Are Ripe for a Fall Investors are worried that some of this year’s most popular trades are vulnerable to a reversal.

  • What’s News: Business & Finance

    What’s News: Business & Finance What’s News: Business & Finance for the edition of Aug. 26, 2016.

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