Financial News from The Wall Street Journal

  • Facebook Shares its Internal Diversity Training The Wall Street Journal - 7 hours ago

    Facebook COO Sheryl Sandberg is a spokeswoman for diversity in the workplace. Facebook Inc. is sharing best practices from its diversity training - though its employment of women and minorities has barely budged. Facebook announced Tuesday it is releasing its "managing unconscious bias" internal training program to the …

  • China's Yuan Pushes Deeper Into Global Financial S … @ The Wall Street Journal - 15 hours ago

    The Chinese yuan is about join the U.S. dollar, the euro, the British pound and Japan’s yen to be used as collateral at the London Metal Exchange.

  • Nontrade Concerns Cloud Obama's Pacific Deal @ The Wall Street Journal - 15 hours ago

    The administration’s push to clinch a sweeping Pacific trade deal this week faces stiff opposition over concerns—ranging from human trafficking to antigay laws—that have little to do with trade.

  • South Korea MERS Outbreak Is Over, Government Says @ The Wall Street Journal - 15 hours ago

    South Korea declared an end to its outbreak of Middle East Respiratory Syndrome as it scrambles to lure back tourists scared away by the deadly virus and limit economic damage.

  • China Shares Seesaw in Volatile Trading @ The Wall Street Journal - 15 hours ago

    China’s shares bounced from their lows Tuesday, after an 8.5% drop a day earlier spurred declines in global markets and prompted questions about what Beijing’s next steps to stem selling might be.

  • Investors Warned on Carlyle Hedge Fund @ The Wall Street Journal - 16 hours ago

    Carlyle’s $5 billion hedge-fund firm, Claren Road Asset Management, faces the prospect of withdrawals after an influential consultant advised clients who are invested in Claren Road to pull their money....

  • Baidu Earnings Disappoint @ The Wall Street Journal - 16 hours ago

    The Chinese search giant missed analyst forecasts for its second-quarter earnings as competition heats up among Chinese Internet companies offering online-to-offline services.

  • Dutch Law Sinks Drug Tie-Up @ The Wall Street Journal - 17 hours ago

    When Mylan moved its legal home to the Netherlands it gained not just tax savings, but a Dutch corporate rule book that gave it more levers to resist takeovers, such as Teva’s $40 billion proposal.

  • Microsoft Changes Its Script With Free Windows 10 @ The Wall Street Journal - 18 hours ago

    New versions of Windows have usually sparked sales of personal computers, but it isn’t clear whether Microsoft Corp.’s release of Windows 10 on Wednesday can reverse a four-year slide in PC sales.

  • Secret IPO Filings Feed Deal Frenzy @ The Wall Street Journal - 18 hours ago

    Many U.S. companies, from tech startups to drug makers, are secretly seeking to go public. Yet some that file confidentially face very different fates: Their filings spark interest from prospective acquirers....

  • Delta to Buy Stake in China Eastern @ The Wall Street Journal - 19 hours ago

    Delta Air agreed to spend $450 million for 3.55% of China Eastern, extending the U.S. company’s strategy of taking minority stakes in overseas carriers.

  • Lawyer Emails Put Visa, MasterCard Settlement at R … @ The Wall Street Journal - 20 hours ago

    The discovery of a trove of emails between two opposing lawyers is threatening to scuttle the $6 billion class-action antitrust settlement.

  • Baha Mar Dispute Continues @ The Wall Street Journal - Tue, Jul 28, 2015 2:30 AM SGT

    As the clock ticks down on a deal to salvage the $3.5 billion Baha Mar resort in the Bahamas, the project’s developer is lobbying its lender, China’s Export-Import Bank, to cast aside the Chinese contractor....

  • Mitsubishi Shifts Focus to Smaller, Emerging Econo … @ The Wall Street Journal - Mon, Jul 27, 2015 10:12 PM SGT

    With its decision to end auto production in the U.S., Mitsubishi Motors has become the latest second-tier car maker to shift its focus away from crowded, mature markets to smaller emerging economies.

  • Goldman Sachs Bets on Indian Furniture Startup Pep … @ The Wall Street Journal - Mon, Jul 27, 2015 7:11 PM SGT

    Goldman Sachs is leading a $100 million investment in, a top Indian online furniture and home-products marketplace.

  • European VCs Raise $2.2 Billion in Q2 The Wall Street Journal - Mon, Jul 27, 2015 1:54 PM SGT

    A rising tide lifts all boats, and European entrepreneurs are hoping that an increasing amount of money pouring into the European venture capital scene is a sign it’s getting easier to raise money in a traditionally risk-averse venture market. Europe-based venture capital firms raised more than €2 billion ($2.2 billion) …

  • Can All Chinese Debt Be Rated A+? @ The Wall Street Journal - Mon, Jul 27, 2015 12:07 PM SGT

    The discrepancy between bullish ratings by Chinese firms on local bonds versus much lower ratings by the major global bond-rating companies is becoming an increasing concern.

  • Weak Euro Masks Woes at Top Luxury Brands @ The Wall Street Journal - Mon, Jul 27, 2015 11:44 AM SGT

    The low euro is boosting revenue at LVMH and Gucci parent Kering. But under the veneer of growth lie lingering problems over the companies’ flagship brands and a slowdown in demand.

  • Asian Stocks Fall, Pressured by Weak Earnings Over … @ The Wall Street Journal - Mon, Jul 27, 2015 11:36 AM SGT

    Stocks in Asia fell Monday amid pressure from disappointing earnings results overseas and a continued downtrend among commodities.

  • Networks Catch Fantasy-Sports Bug @ The Wall Street Journal - Mon, Jul 27, 2015 11:14 AM SGT

    The Fox Networks Group unit of 21st Century Fox. has led a $300 million venture-funding round for daily-fantasy-sports startup DraftKings.

  • Fed Officials May Offer More Clarity on Rates @ The Wall Street Journal - Mon, Jul 27, 2015 10:56 AM SGT

    Central bank officials are likely to emerge from their meeting Wednesday with short-term interest rates still pinned near zero, though they could send hints that they’re getting closer to raising the rates. ...

  • Danone's New Boss Looks to Revive Fortunes in Chin … @ The Wall Street Journal - Mon, Jul 27, 2015 9:17 AM SGT

    Danone is dropping efforts to revive its flagship infant formula unit in China to instead raise its stake in a state-linked milk producer after a massive food scare destroyed its once powerful brand.

  • Malaysia's Palm-Oil Workers Tell of Abuses @ The Wall Street Journal - Mon, Jul 27, 2015 9:15 AM SGT

    The $30 billion global palm-oil industry, which has boomed with demand from the U.S. and China, contributes to Asia’s human trafficking problem, rights advocates say.

  • More Layoffs Expected at U.S. Energy Firms @ The Wall Street Journal - Mon, Jul 27, 2015 9:05 AM SGT

    U.S. energy companies are planning more layoffs, asset sales and financial maneuvers to deal with a recent, sudden drop in U.S. crude-oil prices to under $50 a barrel, the lowest level in four months.

  • As Trade Deal Nears Potential Home Stretch, Worries … @ The Wall Street Journal - Mon, Jul 27, 2015 9:00 AM SGT

    Negotiators must hash out thorny disputes during the Pacific trade deal talks this week. Enough uncertainties remain that both participants and observers worry the talks may falter in what is supposed ...

  • Pearson in Talks to Sell Economist Stake @ The Wall Street Journal - Mon, Jul 27, 2015 8:17 AM SGT

    Pearson said that it is in talks over the potential sale of its 50% stake in the The Economist Group, just days after the U.K.-based publisher and education specialist agreed to sell its Financial Times ...

  • Fiat Chrysler Faces $105 Million Fine for Recall L … @ The Wall Street Journal - Mon, Jul 27, 2015 5:26 AM SGT

    Federal regulators are close to hitting Fiat Chrysler with a record $105 million fine for recall lapses with millions of vehicles, said people familiar with the matter, adding to mounting scrutiny of the ...

  • Chinese Firm Plans $5 Billion Fund for Overseas Tech … @ The Wall Street Journal - Sun, Jul 26, 2015 11:46 PM SGT

    The GSR Ventures’ fund will target deals to acquire companies in technology, Internet and biotechnology industries for which the Chinese market is key to growth prospects, sources said.

  • Australia Split Over Policies as Election Looms @ The Wall Street Journal - Sun, Jul 26, 2015 12:20 PM SGT

    While Australians are still feeling the pain of a slowing economy, their lawmakers appear to be stuck fighting the same climate and immigration battles that dominated the previous election.

  • Hollywood's New Backer: China @ The Wall Street Journal - Sun, Jul 26, 2015 12:16 PM SGT

    The boxing drama “Southpaw” released over the weekend has an unlikely financial partner: Chinese conglomerate Dalian Wanda. Studios hope such deals will help them crack the Chinese market.

  • Teva in Talks to Buy Allergan Unit in $45 Billion  … @ The Wall Street Journal - Sun, Jul 26, 2015 11:19 AM SGT

    Israeli drug maker Teva Pharmaceutical is in talks to combine with Allergan’s big generic-drug business, a $45 billion deal that would further consolidation in the health-care industry and likely mean ...

  • Can-Am Spyder F3-S: A Three-Wheeled Fun Machine @ The Wall Street Journal - Sun, Jul 26, 2015 11:12 AM SGT

    Unlike a conventional motorcycle, the Spyder F3-S requires some special handling. But once you get over the initial terror, Dan Neil says, it can be quite a gas.

  • China to End Ban on Videogame Consoles @ The Wall Street Journal - Sun, Jul 26, 2015 7:32 AM SGT

    China will lift a ban on making and selling videogame consoles in the country, paving the way for foreign companies to expand in one of the world’s largest videogame markets.

  • Ex-Deutsche Bank Chief Cleared of Misleading Regul … @ The Wall Street Journal - Sun, Jul 26, 2015 3:29 AM SGT

    German regulators told former Deutsche Bank co-CEO Anshu Jain this month that they no longer suspected he purposely misled German central-bank officials in a 2012 query about Libor rigging.

  • Pakistan Bans BlackBerry Enterprise Services For Security … @ The Wall Street Journal - Sun, Jul 26, 2015 1:45 AM SGT

    Pakistan has ordered all mobile service providers in the country to shut down one of BlackBerry’s services because of security concerns, officials said Saturday.

  • China's Baidu Tries to Wrangle Edge Over Rivals @ The Wall Street Journal - Sat, Jul 25, 2015 5:33 PM SGT

    When Chinese search giant Baidu reports its earnings Monday, investors will be looking for clues on whether its bold, expensive foray into food delivery, movie ticketing and other services is helping it ...

  • In Hope of Spotting a Leopard @ The Wall Street Journal - Sat, Jul 25, 2015 3:33 PM SGT

    On safari in Sri Lanka’s Yala National Park, said to have the highest concentration of leopards in the world—but the cats are notoriously elusive, known for their stealth, solitary nature and preference ...

  • Can We Create an Ethical Robot? @ The Wall Street Journal - Sat, Jul 25, 2015 2:23 PM SGT

    Without our social sense, an android will buy that last muffin, and a driverless car might run over a child.

  • U.S. Preparing to Release Convicted Israeli Spy @ The Wall Street Journal - Sat, Jul 25, 2015 12:23 PM SGT

    The Obama administration is preparing to release convicted Israeli spy Jonathan Pollard, officials say. Some administration officials hope freeing spy may smooth relations with Israel after Iran nuclear ...

  • Miners Slash Jobs on Falling Commodity Prices @ The Wall Street Journal - Sat, Jul 25, 2015 12:21 PM SGT

    The world’s biggest miners are hemorrhaging jobs as the price for almost everything they dig up—from gold to aluminum to copper—slides relentlessly downward.

  • Nikkei Chief Had Eyes on Financial Times for Years @ The Wall Street Journal - Sat, Jul 25, 2015 12:17 PM SGT

    Tsuneo Kita, the powerful leader of Japanese business publisher Nikkei Inc., was serious when he started saying years ago that he wanted to buy the Financial Times.

  • FDA Approves Cholesterol Drug From Regeneron, Sano … @ The Wall Street Journal - Sat, Jul 25, 2015 11:05 AM SGT

    Federal regulators approved the first of a new class of cholesterol-lowering medicines, developed by Regeneron and Sanofi. The drug, called Praluent, provides a new option for high-risk heart patients....

  • Movie Dialogue Too Quiet? Tips for Better Clarity @ The Wall Street Journal - Sat, Jul 25, 2015 9:54 AM SGT

    How to turn up the dialogue volume when watching movies on a TV by using soundbars and wireless headphones.

  • Malaysia Orders Suspension of Two Publications After … @ The Wall Street Journal - Sat, Jul 25, 2015 9:24 AM SGT

    The Malaysian government ordered the suspension of two publications that have been reporting on the troubles faced by the debt-laden 1Malaysia Development Bhd., a state investment fund also known as 1MDB ...

  • Mitsubishi to End U.S. Car Production @ The Wall Street Journal - Sat, Jul 25, 2015 8:42 AM SGT

    Mitsubishi Motors Corp. said Friday it will end production at its lone light-vehicle assembly plant in the U.S., and aims to find a strategic buyer willing to maintain employment levels.

  • Anthem Seals Deal With Cigna Amid Industry Shake-U … @ The Wall Street Journal - Sat, Jul 25, 2015 8:13 AM SGT

    Anthem agreed to buy Cigna for $48.4 billion in a transaction that, along with the Aetna-Humana deal, could reshape the U.S. health industry.

  • New Zealand Brings Drones Back to Earth @ The Wall Street Journal - Sat, Jul 25, 2015 3:17 AM SGT

    The government is tightening rules for flying the unmanned vehicles after an increasing number of accidents.

  • Luxury Homes With Views Across Asia Pacific @ The Wall Street Journal - Sat, Jul 25, 2015 1:10 AM SGT

    This week, we highlight coastal living across Asia Pacific, from a black sand beachfront villa in Bali to a penthouse apartment in Melbourne with sweeping views of Port Phillip and the city.

  • South Korean Man Allegedly Threatens U.S. Ambassad … @ The Wall Street Journal - Fri, Jul 24, 2015 8:35 PM SGT

    The arrest was related to the posting of a death threat on the White House website and comes months after the envoy was injured in a knife attack in Seoul.

  • Five Things to Expect from OnePlus 2 The Wall Street Journal - Fri, Jul 24, 2015 5:18 PM SGT

    Chinese smartphone maker OnePlus, which already sold 1.5 million smartphones globally, will launch its successor model on July 27. But just like last year, you’ll need an invitation to get your hands on ...

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