Financial News from The Wall Street Journal

  • J.P. Morgan Shuffles Asia Chief @ The Wall Street Journal - 21 minutes ago

    The chairman and chief executive in China for J.P. Morgan Chase & Co., Shao Zili, is set to leave those roles and become its vice chairman for the Asian-Pacific region. This marks second major change in ...

  • Japan to Revamp Pension Fund @ The Wall Street Journal - 35 minutes ago

    An aide to the prime minister says the overhaul is aimed at getting the mammoth public pension fund to invest more in higher-returning assets and less in low-yielding government bonds.

  • Yuan Bets Turn Sour in Taiwan @ The Wall Street Journal - 36 minutes ago

    Taiwan's regulator said it will heavily penalize a local bank that sold complex derivatives to companies as evidence grows that billions of dollars of these leveraged products that bet on the Chinese yuan ...

  • Everest Avalanche Kills at Least Six @ The Wall Street Journal - 37 minutes ago

    An avalanche swept the slopes of Mount Everest along a route used to ascend the world's highest peak, killing at least six Nepalese guides and leaving nine more missing.

  • McDonald's to Give China Restaurants a Makeover @ The Wall Street Journal - 38 minutes ago

    McDonald's is aiming to beef up its image in China with an overhaul of some restaurants in big cities and commercials featuring basketball star LeBron James.

  • Home-Price Rises Slow in China @ The Wall Street Journal - 43 minutes ago

    Lending limits and concerns about price cuts have hit demand, analysts and property developers say.

  • Merger Activity Is Boon to Goldman, Morgan Stanley @ The Wall Street Journal - 55 minutes ago

    Goldman Sachs and Morgan Stanley rode a wave of corporate deal making, helping bolster revenue in their traditional merger-advice and securities-underwriting businesses.

  • Big Japan Investors Tell Firms to Shape Up @ The Wall Street Journal - 57 minutes ago

    Some of Japan's biggest investors are shedding their reluctance to prod domestic firms to improve performance and calling on them to make better use of their huge stockpiles of cash.

  • Behind a Real-Estate Empire,Ties to India's Gandhi … @ The Wall Street Journal - 1 hour 3 minutes ago

    Robert Vadra, an in-law of Sonia Gandhi and Rahul Gandhi of India's ruling Congress party, built a real-estate portfolio nearly from scratch in a few years.

  • Banks' Booming Business in Block Trades Faces New  … @ The Wall Street Journal - 1 hour 32 minutes ago

    Facing tighter regulations, Wall Street banks are turning to an old-school way to make a profit: using their own money to help investors sell big blocks of stock. But choppy stock markets change the dynamics....

  • Rescuers Prepare to Lift Ferry @ The Wall Street Journal - 1 hour 36 minutes ago

    South Korean salvage crews brought three large cranes to the site of the sunken ferry boat in a bid to lift the overturned vessel as the search for 271 missing passengers continued.

  • Weibo Shares Jump 19% in Trading Debut @ The Wall Street Journal - 1 hour 58 minutes ago

    China's version of Twitter, Weibo, surged as much as 44% on its first day on the Nasdaq, a reversal from the stock's lackluster pricing.

  • Top Hedge Funds Take Hit on Tech @ The Wall Street Journal - 2 hours 28 minutes ago

    A tough winter is turning into an ugly spring for top hedge funds, as a tendency to cluster into the same trades is stinging many star managers.

  • Ford to Sell Lincoln Models in China @ The Wall Street Journal - 2 hours 43 minutes ago

    Ford said it would sell five U.S.-made Lincoln models by 2016, offering new details of its plans to pitch its premium cars to Chinese buyers who now equate luxury with German vehicles.

  • Report Lays Out China's Vast Soil Pollution @ The Wall Street Journal - 3 hours ago

    The extent of China's soil pollution, long guarded as a state secret, was laid out in an official report that confirmed deep-seated fears about contaminated farmland and the viability of the country's ...

  • Wal-Mart to Launch Money-Transfer Service @ The Wall Street Journal - 4 hours ago

    Wal-Mart is trying to shake up the money transfer industry with a new service that undercuts Western Union and MoneyGram with lower and simplified fees.

  • Microsoft Sells Over 5 Million Xbox Ones @ The Wall Street Journal - 4 hours ago

    Microsoft said it has sold more than five million Xbox One consoles to retail shops since the product was launched in November.

  • Japanese Stocks Rise @ The Wall Street Journal - 5 hours ago

    Japan's Nikkei index rose in early trade, in a continued recovery from last week's selloff, while many Asian markets were closed for the Good Friday holiday.

  • Economist Honored for Work on Media Slant @ The Wall Street Journal - 5 hours ago

    An economist known for pioneering work on slanted coverage in the news media won the John Bates Clark Medal, one of the profession's most prestigious honors.

  • LendingClub Raises Fresh Capital @ The Wall Street Journal - 5 hours ago

    LendingClub has raised a fresh round of money valuing it at $3.8 billion, as it completes a major acquisition and moves closer to a potential initial public offering.

  • BlackRock Profit Climbs 20% @ The Wall Street Journal - 5 hours ago

    The world's biggest asset manager posts a first-quarter profit topping analysts' estimates, as revenue increases and assets under management rise.

  • What's Barnes & Noble's Survival Plan? @ The Wall Street Journal - 5 hours ago

    Barnes & Noble Chairman Leonard Riggio again trimmed his holdings in the struggling book seller, fueling questions about the retailer's prospects. Shares fell 12%.

  • MERS Spreads to Southeast Asia @ The Wall Street Journal - 6 hours ago

    A deadly viral disease from the Middle East has claimed its first victims in Southeast Asia, killing a Malaysian man who returned from pilgrimage in Saudi Arabia, the World Health Organization said Thursday....

  • Natural Gas Prices Jump @ The Wall Street Journal - 6 hours ago

    Natural-gas prices posted their biggest one-day gain in two months after a smaller-than-expected increase in U.S. inventories reignited fears that supplies are too low.

  • Mt. Gox Suitors Launch Bid To Revive Exchange @ The Wall Street Journal - 6 hours ago

    U.S. investors seeking to revive Mt. Gox have launched a last-ditch effort to convince a Japanese bankruptcy court to support their proposal.

  • Samsung, Globalfoundries to Adopt the Same Production … @ The Wall Street Journal - 6 hours ago

    Samsung Electronics Co. and Globalfoundries Inc. said Thursday they have agreed to adopt the same production process as they upgrade their chip-manufacturing services.

  • AMD Rides Videogame Consoles to Growth @ The Wall Street Journal - 7 hours ago

    Advanced Micro Devices Inc.'s first-quarter loss narrowed as the chip maker reported a double-digit jump in sales.

  • American Securities Puts Prison-Phone Operator GTL … @ The Wall Street Journal - 8 hours ago

    Global Tel*Link, the largest U.S. operator of prison phones, is being shopped by its private-equity owner, a move that follows a decision by federal regulators to cap the fees companies can charge for ...

  • Costs of GM Recalls Pile Up @ The Wall Street Journal - 9 hours ago

    General Motors is spending about $1 million a day providing loaner cars and insurance, according to cost data provided by dealers, to 30,000 U.S. customers awaiting replacement parts for their vehicles....

  • Investors Jump In After Canada Changes Marijuana R … @ The Wall Street Journal - 9 hours ago

    In Canada, it is now legal for any licensed company to grow and ship medical marijuana to patients—and illegal for patients to grow their own. The industry is drawing investments from hedge funds and private-equity ...

  • Pentagon Official Criticizes F-35 Costs @ The Wall Street Journal - 9 hours ago

    A senior Pentagon official lashed out at Pratt & Whitney, saying the unit is failing to meet commitments to cut costs for engines for the F-35 Joint Strike Fighter.

  • China Footwear Maker Offers to Settle Strike @ The Wall Street Journal - 9 hours ago

    A major footwear maker in southern China has offered to make disputed social-insurance payments to settle a four-day strike that had disrupted production at the key supplier for some of the world's best-known ...

  • Duke Had $15 Million in Spill Costs @ The Wall Street Journal - 10 hours ago

    Duke Energy said it recorded about $15 million in costs related to a coal-ash spill in North Carolina in the first quarter, while also warning further costs can't be estimated at this time.

  • Michaels Says Security Breach Contained @ The Wall Street Journal - 10 hours ago

    The data breach affected about three million payment cards at the arts-and-crafts company's stores.

  • Morgan Stanley's Profit Surges @ The Wall Street Journal - 10 hours ago

    Morgan Stanley said first-quarter profit jumped 56% as strong results in the company's wealth management business were bolstered by an unexpected rise in fixed-income trading revenue.

  • S&P 500 Rises for Fourth Session @ The Wall Street Journal - 11 hours ago

    The S&P 500 index gained Thursday, but disappointing reports from technology blue chips weighed on the Dow Jones Industrial Average.

  • Dollar Rises Against Yen @ The Wall Street Journal - 11 hours ago

    The dollar rose against the yen Thursday after easing tensions in Ukraine prompted investors to buy riskier assets.

  • Rajat Gupta Agrees to Surrender to Prison @ The Wall Street Journal - 12 hours ago

    Former Goldman Sachs director Rajat Gupta will begin a two-year sentence on June 17 for leaking corporate secrets Galleon hedge-fund founder Raj Rajaratnam.

  • Scientists Make First Embryo Clones From Adults @ The Wall Street Journal - 12 hours ago

    Scientists for the first time have cloned cells from two adults to create early-stage embryos, and then derived tissue from those embryos that perfectly matched the DNA of the donors.

  • Gold Futures Fall on Ukraine Deal News @ The Wall Street Journal - 13 hours ago

    Gold futures fall as some investors reduced holdings of the haven asset amid signs of progress in Eastern Europe, while others pared profitable investments ahead of a long weekend

  • GM Global Sales Rise 2% @ The Wall Street Journal - 13 hours ago

    General Motors sold nearly 2.42 million vehicles globally in the first three months of the year, up 2% from a year ago, but said it lost market share over the period.

  • Goldman's Earnings Beat Estimates @ The Wall Street Journal - 13 hours ago

    Goldman Sachs's first-quarter net income fell 10%, but results comfortably topped analysts' estimates.

  • Putin Keeps Force as Option; Clashes Kill Three in … @ The Wall Street Journal - 14 hours ago

    Russia's president said he hoped not to send troops into Ukraine but didn't rule it out, accusing Kiev of committing "a serious crime" by using the military to quell unrest. A clash overnight ...

  • Eagle Ottawa to Expand China Operations @ The Wall Street Journal - 16 hours ago

    Automotive leather supplier Eagle Ottawa LLC will invest $30 million in its China operations to build a third manufacturing plant, open two research centers and hire another 400 people over the next four ...

  • Lack of Debris Keeps Families Hoping @ The Wall Street Journal - 17 hours ago

    The inability of searchers to find any remnant from Malaysia Airlines Flight 370 has left some families clinging to hope and prompted theories from experts about the plane's final minutes.

  • Profit Growth Slows at Great Wall Motor @ The Wall Street Journal - 17 hours ago

    Chinese car maker Great Wall Motor Co.'s profit growth slumped in the first quarter on increased research and development spending as it faces headwinds in building its business.

  • Citi Received Mixed Signals on 'Stress Test' @ The Wall Street Journal - 17 hours ago

    The Federal Reserve's New York office indicated to Citigroup that the bank would have more time to fix certain "stress test" planning problems before Fed officials in Washington last month gave ...

  • Olam Independent Directors Back Takeover Bid @ The Wall Street Journal - 18 hours ago

    Olam International's independent directors said an offer by a consortium led by Temasek Holdings to buy shares of the commodity trader Temasek doesn't already own is "fair and reasonable."

  • Ferry Made Sharp Turn Before Capsizing @ The Wall Street Journal - 18 hours ago

    Investigators struggled to narrow down possible causes for the South Korean ferry disaster as it emerged the ship made a sharp turn before it started to tilt.

  • Rémy Takes a Hit in China @ The Wall Street Journal - 18 hours ago

    Rémy Cointreau said a sales decline in China would cause profit to fall up to 40% in the just-ended financial year.

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