Financial News from The Wall Street Journal

  • Reddit Hundreds of volunteer moderators shut down message boards on Reddit over the holiday weekend in protest of the firing of a popular staffer who was their main liaison. Reddit's top managers say they learned their lesson over the holiday weekend, after the site's moderators shut down large portions of the link-sharing …

  • Google Tests Carpooling Service for Commuters in I … The Wall Street Journal - 16 hours ago

    Apart from self-driving cars, Google will soon pilot a carpooling service in Israel. Google has thrown its hat into the hotly contested ride-sharing ring when it launched a pilot carpooling service for commuters in Tel Aviv, Israel, on Monday. The service, which went live on Monday afternoon, is being offered through …

  • Pope's Social Message Puts Him on Tricky Terrain in … @ The Wall Street Journal - 18 hours ago

    The pontiff hasn’t shied away from criticizing mankind’s treatment of the environment or trickle-down economics, but it remains unclear if he’ll broach civil liberties when he meets leaders on his home ...

  • Malaysian Prime Minister Faces Political Test @ The Wall Street Journal - 18 hours ago

    Political pressure is intensifying against Malaysian Prime Minister Najib Razak after a government investigation for the first time directly connected the premier to a probe of a troubled state investment ...

  • Samsung Still Has Galaxies to Explore @ The Wall Street Journal - 18 hours ago

    Investors staring at Samsung’s slow progress bar should stay patient.

  • Greeks Reject Creditors' Bailout Terms @ The Wall Street Journal - 18 hours ago

    Greeks overwhelmingly voted against their international creditors’ conditions for further bailout aid, in a result that could push the country closer to bankruptcy and an exit from the euro.

  • Far EasTone, Morgan Stanley Group Near $2.3 Billion … @ The Wall Street Journal - 18 hours ago

    The $2.3 billion deal, to buy Taiwan’s largest cable-television operator, would be a step in consolidating Taiwan’s telecommunications industry.

  • China Shares Rise After Beijing's Weekend Rescue @ The Wall Street Journal - 18 hours ago

    Chinese shares rose early Monday, after Beijing cranked up efforts over the weekend to stem a three-week selloff that has wiped out about $2.4 trillion in value.

  • Manulife Unit Delays Singapore Listing @ The Wall Street Journal - 18 hours ago

    Manulife US Real Estate Management has delayed its $465 million plan for an initial public offering in Singapore due to volatile global market conditions.

  • Beijing Aims Big Booster Shot at Teetering Stock M … @ The Wall Street Journal - 18 hours ago

    China’s central bank will indirectly help investors borrow to buy shares in an effort to rescue the country's stock market.

  • Toshiba Profit Markdown May Double Earlier Estimat … @ The Wall Street Journal - 19 hours ago

    Toshiba is likely to mark down its past operating profit by at least $814 million as a result of accounting irregularities.

  • Sanders Outpaces O'Malley as Clinton Alternative @ The Wall Street Journal - 21 hours ago

    Martin O’Malley once seemed like the Democrats’ most viable challenger to Hillary Clinton. But he is struggling to get a toehold, while the attention and donations go to Sen. Bernie Sanders.

  • As the Dalai Lama Turns 80, Tibet Still Suffers @ The Wall Street Journal - 22 hours ago

    The exiled leader teaches harmony, but China tries to banish his influence.

  • U.S.-led Coalition Targets Islamic State in Raqqa @ The Wall Street Journal - Mon, Jul 6, 2015 5:16 AM SGT

    U.S.-led coalition aircraft unleashed a series of airstrikes targeting Islamic State’s stronghold of Raqqa in eastern Syria, killing at least 10 militants and wounding many others, the coalition and the ...

  • Suicide Bomb Attack Targets Nigerian Church @ The Wall Street Journal - Mon, Jul 6, 2015 2:07 AM SGT

    A suicide bomber killed four people at a church in northeastern Nigeria on Sunday, bringing the toll of a broad wave of violence by the Islamist insurgency Boko Haram this week to nearly 200.

  • Iran Nuclear Talks Appear to Advance as Deadline N … @ The Wall Street Journal - Sun, Jul 5, 2015 12:23 PM SGT

    Key elements of a nuclear agreement between Iran and world powers appeared to be falling into place ahead of a July 7 deadline, according to officials involved in negotiations.

  • Malaysia 1MDB Probe Finds Documents Tied to Alleged … @ The Wall Street Journal - Sun, Jul 5, 2015 10:09 AM SGT

    Malaysia’s attorney general said a probe into a troubled state investment fund has uncovered documents related to allegations that money was transferred into the personal bank accounts of Prime Minister ...

  • Greeks Deeply Divided on Referendum's Eve @ The Wall Street Journal - Sun, Jul 5, 2015 9:55 AM SGT

    Greece’s momentous referendum on Sunday has exposed numerous fault lines among its populace that, whatever the vote’s outcome, will be hard to close.

  • Tunisia Imposes State of Emergency @ The Wall Street Journal - Sun, Jul 5, 2015 6:45 AM SGT

    Tunisia’s president declared a state of emergency in response to a second deadly attack on foreigners in three months, saying the country is “not safe” and risks collapse from further extremist attacks....

  • Miami Condos Woo Chinese Buyers @ The Wall Street Journal - Sun, Jul 5, 2015 5:47 AM SGT

    As South American buyers slow down, Miami developers and real-estate brokers are setting their sights on China.

  • World Bank Deletes Critical Passage on China @ The Wall Street Journal - Sun, Jul 5, 2015 4:40 AM SGT

    The bank removed from a recent report its call on the Beijing government to reduce its influence on the country’s financial system, raising questions over internal controls and external influence at the ...

  • China to Suspend IPOs Amid Market Turmoil @ The Wall Street Journal - Sun, Jul 5, 2015 1:06 AM SGT

    China has decided to suspend new stock sales and, in a first, establish a market-stabilization fund aimed at fighting off the worst equities selloff in years.

  • Syrian Mosque Blast Kills Nusra Front Members @ The Wall Street Journal - Sat, Jul 4, 2015 7:43 PM SGT

    Activists say a bomb has exploded inside a mosque where al Qaeda’s branch in Syria was holding a fast-breaking meal, killing at least 14.

  • Philippine Police File Murder Complaints Over Capsized … @ The Wall Street Journal - Sat, Jul 4, 2015 4:42 PM SGT

    Police in the Philippines have filed multiple murder complaints against the owner and the crew of a ferry that capsized, leaving more than 50 dead.

  • Greeks Hold Rival 'Yes' and 'No' Rallies @ The Wall Street Journal - Sat, Jul 4, 2015 11:51 AM SGT

    Greece’s government and its opponents battled for the nation’s support in final campaign rallies ahead of a referendum on Sunday that could change the fate of the country and of Europe’s common currency....

  • Iran Minister Urges Accord to Face 'Common Threat' @ The Wall Street Journal - Sat, Jul 4, 2015 7:51 AM SGT

    Foreign Minister Javad Zarif said Iran and six major powers are closing in on a final nuclear agreement they need to seal so they can turn to the “common threat” of violent extremism.

  • Malaysian Anticorruption Body to Look Into Flow of … @ The Wall Street Journal - Sat, Jul 4, 2015 7:07 AM SGT

    Malaysia’s anticorruption agency will look into Wall Street Journal report that investigators have traced nearly $700 million of deposits into what they believe are the personal bank accounts of Malaysia’s ...

  • Economist Warns of Risks of Greek Crisis to Eurozone … @ The Wall Street Journal - Sat, Jul 4, 2015 3:59 AM SGT

    The Greek crisis risks taking the steam out of the eurozone economy, just as the currency area was showing signs of recovering from a long period of weak economic growth, the chief economist for the Organization ...

  • Iraq, Kurdistan Oil Deal Close to Collapse @ The Wall Street Journal - Sat, Jul 4, 2015 3:18 AM SGT

    An oil-sales deal between Iraq and the semiautonomous Kurdistan Regional Government is close to collapse, undermining the country’s unity as it struggles to fight Islamic State and contain an escalating ...

  • China Speeds Effort to Stem Selloff @ The Wall Street Journal - Sat, Jul 4, 2015 2:27 AM SGT

    China shares tumbled, even as Beijing moves swiftly to try to plug losses, with the smaller Shenzhen index suffering its worst week since December 1996.

  • Wanda Leads Investment in Ticketing Site LY.com @ The Wall Street Journal - Sat, Jul 4, 2015 2:25 AM SGT

    Chinese property and entertainment conglomerate Dalian Wanda Group is leading a $967 million investment in LY.com, a move aimed at building traffic at the amusement parks Wanda is building.

  • France Denies Julian Assange Asylum Request @ The Wall Street Journal - Fri, Jul 3, 2015 11:22 PM SGT

    France has denied an asylum request from Julian Assange, delivering a blow to the WikiLeaks founder in his search for a country that will agree to shield him from investigators.

  • Calls Against Samsung Merger Ring Louder @ The Wall Street Journal - Fri, Jul 3, 2015 8:18 PM SGT

    Proxy-advisory firm ISS recommended shareholders reject a proposed Samsung merger, dealing a blow to a succession plan at South Korea’s biggest conglomerate.

  • Vietnam Party Chief Balances Ties Between U.S., Ch … @ The Wall Street Journal - Fri, Jul 3, 2015 7:59 PM SGT

    Vietnam’s top Communist Party official described the U.S. as a force for stability in the Asia Pacific region ahead of a landmark visit to Washington.

  • Iron Ore Nose-Dives on Supply Surge @ The Wall Street Journal - Fri, Jul 3, 2015 1:32 PM SGT

    Iron ore crashed to its lowest level in more than two months as rising shipments to China reignited fears of a glut and projections of another downswing into decade-low territory.

  • Holiday Weekend Stokes Terrorism Worries @ The Wall Street Journal - Fri, Jul 3, 2015 12:22 PM SGT

    Counterterrorism officials are on edge heading into the July 4 weekend, monitoring hundreds of potential suspects they fear could be contemplating attacks on behalf of Islamic State.

  • Investigators Believe Funds Flowed to Malaysian Leader's … @ The Wall Street Journal - Fri, Jul 3, 2015 12:13 PM SGT

    Malaysian investigators scrutinizing a government investment fund have traced nearly $700 million of deposits into what they believe are the personal bank accounts of Prime Minister Najib Razak, according ...

  • Indian Businesses Bypass Banks @ The Wall Street Journal - Fri, Jul 3, 2015 12:09 PM SGT

    Issuance of commercial paper has surged in India as companies make an end run around banks, which have been slow to pass along central-bank rate cuts to customers.

  • Cavy Aims to Challenge Xbox One, PlayStation with Gesture … The Wall Street Journal - Fri, Jul 3, 2015 12:03 PM SGT

    Hangzhou CavyTechnology Co Cavy Play band allows users to play games through gesture, without the need of a controller and Internet connection. Hangzhou-based smartband startup Cavy Technology aims to challenge Microsoft’s Xbox One and Sony’s PlayStation with its new gesture controlled  wristband. The company, which …

  • BP to Pay $18.7 Billion to Settle Deepwater Horizon … @ The Wall Street Journal - Fri, Jul 3, 2015 12:01 PM SGT

    BP agreed to pay $18.7 billion over 18 years to settle all federal and state claims arising from 2010’s Deepwater Horizon oil spill, including the biggest pollution penalty in U.S. history.

  • IMF Says Greece Needs Debt Relief and More Aid @ The Wall Street Journal - Fri, Jul 3, 2015 11:36 AM SGT

    The International Monetary Fund warned that Greece would need debt relief and more than €60 billion ($66.6 billion) in new aid, raising the stakes in an already fraught Greek referendum over creditors’ ...

  • Hyundai Loses Traction in Effort to Reverse Profit … @ The Wall Street Journal - Fri, Jul 3, 2015 11:17 AM SGT

    Hyundai’s drop in sales calls into question its ability to meet its full-year target, and underscores the challenges the world’s fifth-biggest auto maker faces in braking its profit slide.

  • Aetna Nears Deal to Buy Humana @ The Wall Street Journal - Fri, Jul 3, 2015 11:01 AM SGT

    Aetna is nearing a deal to buy Humana, according to people familiar with the matter, in a tie-up of health insurers that could be announced this week.

  • Electrolux CEO Vows to Stay at Helm @ The Wall Street Journal - Fri, Jul 3, 2015 10:52 AM SGT

    The American chief executive of Electrolux vowed to stay at the helm of the Swedish home-appliance maker and focus on overcoming antitrust hurdles to complete the proposed acquisition of a General Electric ...

  • Trader Fights the Market Tide in Shanghai @ The Wall Street Journal - Fri, Jul 3, 2015 10:22 AM SGT

    An afternoon with money manager Ye Fei, whose flagship Yi Tian Ya Li fund was up 388% for the year when the Shanghai Composite Index peaked June 12.

  • Intel President James to Leave @ The Wall Street Journal - Fri, Jul 3, 2015 10:11 AM SGT

    Intel Corp. said President Renée James is stepping down, one of several management changes as CEO Brian Krzanich shakes up the chip maker.

  • TransAsia Pilot Shut Down Wrong Engine Before Cras … @ The Wall Street Journal - Fri, Jul 3, 2015 10:06 AM SGT

    A pilot shut down the only working engine of a TransAsia Airways Corp. flight before the plane crashed in Taipei City earlier this year, killing 43 people, Taiwan’s aviation authority said.

  • Ends No Longer Meet in Puerto Rico @ The Wall Street Journal - Fri, Jul 3, 2015 9:50 AM SGT

    Business leaders see the island’s debt crisis as a spur to cut government spending, but the dependency on an expansive welfare system is deep.

  • Arabs Fleeing Islamic State Upset Kurdistan's Ethnic … @ The Wall Street Journal - Fri, Jul 3, 2015 8:19 AM SGT

    For many Kurds, the flood of Arabs escaping Iraq’s Sunni heartland is diluting Kurdish identity and dashing dreams of an independent state, writes Yaroslav Trofimov.

  • Airlines' New Normal: More Seats, Fewer Flights @ The Wall Street Journal - Fri, Jul 3, 2015 7:43 AM SGT

    Using an industry technique known as “upgauging,” airlines increase capacity by adding seats on existing jets and replacing smaller planes with larger ones.

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