Financial News from The Wall Street Journal

  • Russia Airstrikes Help Push Syria Rebels Closer @ The Wall Street Journal - 4 hours ago

    Moscow’s intervention in Syria’s multisided civil war has spurred some of the country’s fractious rebels to fight together, offering another shot at a more unified front against the Assad regime and its ...

  • China Growth in Focus as Exports and Imports Fall @ The Wall Street Journal - 4 hours ago

    China’s exports and imports fell in September and some economists say the data offered a further indication that third-quarter growth figures will fall below Beijing’s full-year target.

  • J.P. Morgan to Some Employees: Pay for Your Own Ph … @ The Wall Street Journal - 5 hours ago

    The nation’s largest bank by assets is hoping to save tens of millions of dollars by eliminating support for BlackBerry wireless devices next year and mandating that some employees pay for their own devices....

  • EMC Takeover Marks Return of Michael Dell @ The Wall Street Journal - 5 hours ago

    Michael Dell stepped out of the limelight when he took Dell private two years ago. Now he is back with what promises to be the biggest tech deal in history, a $67 billion acquisition of EMC.

  • Barclays Preparing to Name Jes Staley Its CEO @ The Wall Street Journal - 6 hours ago

    The former J.P. Morgan Chase & Co. executive would succeed Antony Jenkins, who was fired in July.

  • As Mining Drops, Australian State Pivots @ The Wall Street Journal - 6 hours ago

    Victoria’s efforts to create high-tech jobs to replace old manufacturing ones is a test for the country as momentum moves away from resources

  • Fortress to Close Flagship Macro Hedge Fund @ The Wall Street Journal - 6 hours ago

    Fortress Investment Group LLC plans to close its flagship macro hedge fund after heavy losses and investor withdrawals, and Michael Novogratz, who runs the fund, is expected to leave the firm.

  • Cracks Emerge in Bond Market @ The Wall Street Journal - 6 hours ago

    Falling profits and increased borrowing at U.S. companies are rattling debt markets, a sign the six-year-long economic recovery could be under threat.

  • Blast Rocks Tianjin, Two Months after Fatal Explos … @ The Wall Street Journal - 6 hours ago

    No casualties have been reported, but the local government said the warehouse storing alcohol was illegally rented.

  • New Zealand Police Make Infant-Formula Poison Threat … @ The Wall Street Journal - 6 hours ago

    New Zealand police said Tuesday they have arrested a man over threats to contaminate infant formula with poison.

  • Two Former Chinese Officials Given Long Prison Ter … @ The Wall Street Journal - 7 hours ago

    Wrapping up an important portion of its anticorruption campaign, China sentenced the former head of the country’s biggest oil company and a former high Sichuan province official—both with ties to fallen ...

  • Smashburger to Sell Stake to Jollibee @ The Wall Street Journal - 7 hours ago

    Smashburger Master LLC, one of the upmarket chains shaking up the burger business, said it agreed to sell a 40% stake to Jollibee Foods Corp. of the Philippines for $100 million.

  • Despite Accord, U.S.-Iran Tensions Rise @ The Wall Street Journal - 8 hours ago

    Rather than easing as a result of July’s nuclear deal, strains between Washington and Tehran are increasing across a wide spectrum of issues, including Iran convicting a U.S. journalist and testing a ballistic ...

  • Ford to Pour $1.8 Billion Into Smartcars for Chinese … @ The Wall Street Journal - 9 hours ago

    Ford Motor is betting that a new generation of smartcars will help its rides stand out in China, where its sales have been slipping amid industrywide weakness and rising competition.

  • Malaysian Leader Najib Razak Faces Political Test @ The Wall Street Journal - 9 hours ago

    Pressure is building on Malaysian Prime Minister Najib Razak ahead of a no-confidence vote next week amid probes into the troubled state investment fund he heads.

  • British Police: Hoverboard Use Illegal on Roads, S … The Wall Street Journal - Mon, Oct 12, 2015 4:00 PM SGT

    ADRIENNE GRUNWALD FOR THE WALL STREET JOURNAL While still under review by the NYPD, the U.K.'s Metropolitan Police has banned the use of self-balancing scooters on public roads and sidewalks. Citing section 72 of the Highway Act 1835, the U.K.'s Metropolitan Police on Sunday tweeted a warning to owners and users of  self-balancing …

  • Coming Soon From China: A $400 Million Bonanza for … @ The Wall Street Journal - Mon, Oct 12, 2015 12:22 PM SGT

    One of China’s biggest private-equity firms, in a deal set to be announced Monday, is handing Naval Ravikant’s AngelList $400 million, the largest-ever single pool of funds devoted to early-stage startups....

  • China Tightens Oversight of Private Car-Hailing Se … @ The Wall Street Journal - Mon, Oct 12, 2015 11:40 AM SGT

    China plans to tighten oversight of online private-car-hailing services, a market in which Uber and its Chinese rivals plan to spend billions of dollars.

  • China Reinsurance Plans IPO @ The Wall Street Journal - Mon, Oct 12, 2015 11:17 AM SGT

    China Reinsurance plans to raise up to $2 billion in an initial public offering in Hong Kong, which would be the biggest listing in the city since Chinese stock markets collapsed in June.

  • Chinese Firm Drops Deal to Buy NZ Farms @ The Wall Street Journal - Mon, Oct 12, 2015 11:01 AM SGT

    Dakang New Zealand Farm Group, 55% owned by Shanghai Pengxin Group Co., said Monday it has pulled out of a deal to buy a group of farms on New Zealand’s North Island.

  • Glencore Looks to 'Streaming' Deals for Quick Cash @ The Wall Street Journal - Mon, Oct 12, 2015 10:27 AM SGT

    The next installment in Glencore’s plan to cut its debt is likely to be a fund-raising method called “streaming” that is becoming popular among miners in need of cash and is a sign of mounting pressure ...

  • U.S. Patrols to Test China's Pledge on Islands @ The Wall Street Journal - Mon, Oct 12, 2015 10:20 AM SGT

    U.S. patrols near Chinese-built islands in the South China Sea, which could start within days, will challenge Xi Jinping’s surprise pledge not to “militarize” the islands.

  • Israeli Airstrikes Into Gaza Strip Kill Two @ The Wall Street Journal - Mon, Oct 12, 2015 10:16 AM SGT

    A Palestinian woman and her young daughter were killed after Israel launched two airstrikes into the Gaza Strip, the latest incident of sustained violence that began in Jerusalem and the West Bank.

  • Suicide Attack Plunges Turkey Deeper Into Turmoil @ The Wall Street Journal - Mon, Oct 12, 2015 10:11 AM SGT

    Weekend suicide bombings that killed at least 97 people in the Turkish capital deepened turmoil and political polarization in a country that is central to both the battle against extremist group Islamic ...

  • Chinese Investors Rush to Haven Assets @ The Wall Street Journal - Mon, Oct 12, 2015 10:00 AM SGT

    After fleeing the crashing stock market, Chinese investors have been pouring cash into what they think are haven investments, including bonds, insurance products, big-city real estate and artwork.

  • Central Bankers Urge Fed to Get On With It @ The Wall Street Journal - Mon, Oct 12, 2015 9:27 AM SGT

    Officials who gathered in Lima, Peru, for the IMF’s annual meeting delivered a message to their American counterparts: Please stop dithering and raise rates.

  • Cyberwar Ignites New Arms Race @ The Wall Street Journal - Mon, Oct 12, 2015 9:04 AM SGT

    Successful computer-espionage attacks have kicked off a frantic and destabilizing digital arms race, with dozens of countries amassing cyberweapons and reconfiguring their militaries to meet the threat....

  • Helicopter Crash at NATO Kabul Base Kills 5 @ The Wall Street Journal - Mon, Oct 12, 2015 8:30 AM SGT

    Five others were injured in the accident, which came the same day as an explosion that targeted a NATO military convoy in the Afghan capital.

  • Nepal Chooses Communist Prime Minister @ The Wall Street Journal - Sun, Oct 11, 2015 9:25 PM SGT

    Nepal’s Parliament chose a Communist leader to be the country’s prime minister as the Himalayan nation grapples with debilitating protests against a new constitution.

  • North Korea, China Parade Ties @ The Wall Street Journal - Sun, Oct 11, 2015 11:58 AM SGT

    North Korea and China played up their ties as a senior Beijing official passed a letter from Chinese President Xi Jinping to Kim Jong Un calling for closer relations and stood alongside the North Korean ...

  • U.S. to Pay Doctors Without Borders Airstrike Vict … @ The Wall Street Journal - Sun, Oct 11, 2015 11:58 AM SGT

    The Pentagon is offering “condolence payments” to the civilians injured and the families of those killed by a U.S. airstrike that destroyed a hospital near Kunduz, Afghanistan.

  • Jerusalem Attacks Leave Two Dead, Five Wounded @ The Wall Street Journal - Sun, Oct 11, 2015 11:39 AM SGT

    Stabbing attacks in Jerusalem on Saturday left five people wounded and two dead, while two Palestinians died in clashes elsewhere, in the worst period of Israeli-Palestinian violence since last year’s ...

  • Twin Blasts in Turkish Capital Kill at Least 95 Pe … @ The Wall Street Journal - Sun, Oct 11, 2015 11:21 AM SGT

    At least 95 people were killed in twin blasts in the Turkish capital, as the deadliest terror attack in the country’s modern history laid bare the precarious security environment just three weeks before ...

  • Forget Flying Commercial: The Personal Airplane Is … @ The Wall Street Journal - Sat, Oct 10, 2015 11:16 PM SGT

    Delays. Cramped seats. Interminable security lines. Flying commercial can be a drag. But a clever new class of small aircraft offers a way out—and getting a license to pilot one yourself (yes, you) is ...

  • America's Fading Footprint in the Middle East @ The Wall Street Journal - Sat, Oct 10, 2015 11:15 PM SGT

    As Russia bombs and Iran plots, the U.S. role is shrinking—and the region’s major players are looking for new ways to advance their own interests.

  • European Soccer Picked Some Questionable Sponsors @ The Wall Street Journal - Sat, Oct 10, 2015 7:13 PM SGT

    A spate of troubled sponsorship deals in Europe is causing headaches for some of the world’s top soccer clubs.

  • Malaysian Officials Sought Criminal 1MDB Proceedin … @ The Wall Street Journal - Sat, Oct 10, 2015 12:37 PM SGT

    Malaysia’s central bank said it recommended criminal proceedings against state investment fund 1Malaysia Development for allegedly breaking foreign-exchange rules but that the attorney general had declined ...

  • The Full English Breakfast Hops the Pond @ The Wall Street Journal - Sat, Oct 10, 2015 11:38 AM SGT

    What’s better than starting the day with a full English breakfast? Nothing in all the world. But a Mexi-Cali spin on the classic is pretty tasty too. Here are recipes for both versions.

  • Obama's Options Narrow in Syria @ The Wall Street Journal - Sat, Oct 10, 2015 11:38 AM SGT

    Ten days into a Russian military campaign that has upended U.S. policy in Syria, President Barack Obama is picking from two bad options for how to respond.

  • Tesla Runs Into Some Doubters @ The Wall Street Journal - Sat, Oct 10, 2015 10:02 AM SGT

    Shares of Tesla stumbled nearly 11% this week, booking their worst weekly percentage drop in over a year, after several Wall Street analysts signaled concerns about the stock.

  • Chinese Officials Pledge Flexibility on Exchange R … @ The Wall Street Journal - Sat, Oct 10, 2015 8:23 AM SGT

    A top Chinese central banker said the yuan exchange rate would become “more flexible,” suggesting China will continue to unwind its tight grip over its currency.

  • Dow Jones Discloses Customer Data Breach @ The Wall Street Journal - Sat, Oct 10, 2015 8:09 AM SGT

    Dow Jones disclosed that hackers had gained unauthorized entry to its systems, accessing contact information for current and former subscribers.

  • Succession for EMC Chief Joe Tucci In Focus Amid Dell … @ The Wall Street Journal - Sat, Oct 10, 2015 7:56 AM SGT

    A potential buyout of EMC by Dell could solve a long-standing problem for the data-storage giant: finding a successor to longtime Chief Executive Joe Tucci.

  • Ex-Lehman Trader Loses Out on 'Double-Dip' Bonus of … @ The Wall Street Journal - Sat, Oct 10, 2015 7:54 AM SGT

    A bankruptcy judge largely rejected a ‘double-dip’ bid by a former Lehman Brothers bond trader for an $83 million bonus.

  • Tough Day? How About a Frosty Schooner of Pizza or … @ The Wall Street Journal - Sat, Oct 10, 2015 7:28 AM SGT

    In a competitive market, craft beer makers are serving up some strange brews, flavored with everything from lobsters to grasshoppers.

  • Judge Rejects H-P Settlement Over Aruba Merger @ The Wall Street Journal - Sat, Oct 10, 2015 7:18 AM SGT

    A Delaware judge rejected the settlement of a shareholder lawsuit against Hewlett-Packard Co., saying the welter of litigation challenging corporate mergers has become a systemic problem.

  • Twitter Said to Cut Jobs With Dorsey at the Helm The Wall Street Journal - Sat, Oct 10, 2015 4:41 AM SGT

    The layoffs come a few days after Twitter announced its founding CEO Jack Dorsey will stay in the top job on a permanent basis. For years, there had been internal debates about the need to pare hiring at Twitter as bloated staff levels slowed progress. Engineers make up roughly half of Twitter’s 4,100 global headcount …

  • Haze Costing Southeast Asia Billions of Dollars @ The Wall Street Journal - Sat, Oct 10, 2015 2:30 AM SGT

    Smoke from land-clearing fires in Indonesia is choking Southeast Asia and causing billions of dollars in damages, threatening to become the worst event of its kind on record.

  • StanChart to Cut 1,000 Senior Staff @ The Wall Street Journal - Sat, Oct 10, 2015 12:28 AM SGT

    Standard Chartered is cutting around 1,000 of its senior staff, responding to pressure from investors to streamline its business.

  • Investors to Scrutinize India's Information Technology … @ The Wall Street Journal - Fri, Oct 9, 2015 11:25 PM SGT

    Investors will be scrutinizing the results of India’s big information-technology outsourcing companies in the next week for signs of their ability to thrive as cloud computing and other forces reshape ...

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