Financial News from Wall Street Journal

  • Federal prosecutors are considering charging hedge fund SAC Capital Advisors LP as a criminal enterprise through a powerful legal tool used against the Mafia and drug gangs, people familiar with the probe ...

  • Apple CEO Tim Cook, Lawmakers Square Off Over Taxes The Wall Street Journal - 17 hours ago

    WASHINGTON—Apple Inc.'s tax strategies came under harsh scrutiny Tuesday in the Senate, where lawmakers are finding it far easier to call for a simpler tax code than to produce one. Tim Cook, Apple's chief ...

  • MOORE, Okla.—When the tornado-warning sirens blared, Kelly Law was already in the hallway of Plaza Towers Elementary School, huddled against the wall, shielding as many students as she could with her body. ...

  • ESPN Cuts Jobs Amid Rising Fees for Games The Wall Street Journal - 20 hours ago

    ESPN started laying off a few hundred workers Tuesday, a sign that the hugely profitable sports cable-TV powerhouse is responding to the higher prices it is paying for rights to air games as well as other ...

  • Phone Firms Sell Data on Customers The Wall Street Journal - 21 hours ago
    smartphone

    Big phone companies have begun to sell the vast troves of data they gather about their subscribers' locations, travels and Web-browsing habits. The information provides a powerful tool for marketers but ...

  • LPL Fined $9 Million for Email 'Failures' The Wall Street Journal - 22 hours ago

    LPL Financial Holdings Inc. agreed to pay at least $9 million to end allegations by regulators that the brokerage firm was plagued by "systemic email failures" but did too little to fix them. ...

  • Starting a financial life: Advice for new graduates The Wall Street Journal - Tue, 21 May, 2013 11:28 AM EDT
    graduate

    Here's some advice to get you on the right path.

  • Yahoo dips a toe in the stream The Wall Street Journal - Tue, 21 May, 2013 7:48 AM EDT
    (Blank Headline Received)

    If Yahoo's flagging business still had one strength, it was supposed to be brand advertising. But social-media stars are stealing its thunder—a big reason it wants to own blogging tool Tumblr. Online advertising ...

  • Board at J.P. Morgan in Flux The Wall Street Journal - Mon, 20 May, 2013 8:14 PM EDT

    J.P. Morgan Chase & Co. is preparing for a shake-up of its board even if every director wins re-election at Tuesday's shareholder meeting and James Dimon keeps his dual job as chairman and chief executive. ...

  • Role of Health-Law 'Navigators' Under Fire The Wall Street Journal - Mon, 20 May, 2013 7:25 PM EDT

    Lawmakers across the country are tussling over the Obama administration's plans to create a small army of assistants to guide millions of Americans as they sign up for new health-insurance options available ...

  • Apple Avoided Taxes on Overseas Billions, Senate Panel Finds The Wall Street Journal - Mon, 20 May, 2013 7:02 PM EDT

    Apple Inc. paid no corporate income tax to any national government on tens of billions of dollars in overseas income over the past four years, Senate investigators found, a revelation that fuels the debate ...

  • Best Buy's Comeback Story Worth a Read The Wall Street Journal - Mon, 20 May, 2013 6:13 PM EDT

    Richard Schulze has good reason to relax. In fact, he has a billion reasons. That is roughly the paper gain in dollars the founder of Best Buy Co. has reaped this year as shares of the company he used ...

  • Criminal Charges Weighed Against SAC The Wall Street Journal - Mon, 20 May, 2013 12:13 AM EDT

    U.S. prosecutors are considering possible criminal charges against SAC Capital Advisors LP as a result of the government's insider-trading investigation of the hedge-fund firm, according to people familiar ...

  • Employers Eye Bare-Bones Health Plans Under New Law The Wall Street Journal - Sun, 19 May, 2013 11:06 PM EDT
    health care

    Employers are increasingly recognizing they may be able to avoid certain penalties under the federal health law by offering very limited plans that can lack key benefits such as hospital coverage. Benefits ...

  • Yahoo Deal Shows Power Shift The Wall Street Journal - Sun, 19 May, 2013 8:24 PM EDT

    Yahoo Inc. has agreed to pay $1.1 billion for Tumblr, a six-year-old company with more than 100 million users but very little revenue, a deal that highlights the shifting balance of power in the technology ...

  • Obama's Counsel Was Told of IRS Audit Findings Weeks Ago The Wall Street Journal - Sun, 19 May, 2013 7:54 PM EDT

    The White House's chief lawyer learned weeks ago that an audit of the Internal Revenue Service likely would show that agency employees inappropriately targeted conservative groups, a senior White House ...

  • Oil Out of Sync With Market Forces The Wall Street Journal - Sun, 19 May, 2013 5:58 PM EDT

    Prices of many commodities are down this year, but U.S. oil futures have rallied. Skeptics say the mismatch is a sign of trouble. U.S. benchmark crude-oil futures ended Friday at $96.02, up 4.6% since ...

  • For Second Careers, A Leap of Faith The Wall Street Journal - Sun, 19 May, 2013 4:00 PM EDT

    Call it a midlife epiphany. After decades of pursuing money, titles and ever more stuff, baby boomers are coming to a big realization: Success and security just aren't enough anymore. They want something ...

  • The New Science of Giving The Wall Street Journal - Fri, 17 May, 2013 5:26 PM EDT
    John and Laura Arnold

    A young Houston couple is planning to give away $4 billion—but only to projects that prove they are worth it. Can they redefine the world of philanthropy?

  • Day traders steer Tesla higher The Wall Street Journal - Fri, 17 May, 2013 12:33 PM EDT
    Tesla

    For weeks, Anne-Marie Baiynd kept a close eye on shares of Tesla Motors Inc. On May 9, a day after the company posted its first-ever quarterly profit, the stock exploded higher in heavy trading. Ms. Baiynd, ...

  • Hedge fund billionaire buying $90-million New York penthouse The Wall Street Journal - Fri, 17 May, 2013 9:27 AM EDT
    William Ackman

    Billionaire hedge-fund manager William Ackman and a group of real-estate investors are in contract to buy a penthouse condo in Manhattan for more than $90 million, according to people familiar with the ...

  • Regulators Target Exchanges As They Ready Record Fine The Wall Street Journal - Fri, 17 May, 2013 3:51 AM EDT

    Financial regulators are taking a harder line on exchanges amid concerns over their ability to police the markets they operate, as the SEC prepares to hit one with a record penalty. The deeper scrutiny ...

  • Russia Raises Stakes in Syria The Wall Street Journal - Thu, 16 May, 2013 11:07 PM EDT

    Russia has sent a dozen or more warships to patrol waters near its naval base in Syria, a buildup that U.S. and European officials see as a newly aggressive stance meant partly to warn the West and Israel ...

  • Google Glass Privacy Worries Lawmakers The Wall Street Journal - Thu, 16 May, 2013 10:26 PM EDT

    Eight members of Congress on Thursday asked Google Inc. Chief Executive Larry Page to give assurances about privacy safeguards for the company's high-profile Google Glass wearable-computing device. AP ...

  • To Buy Bonds or Not to Buy: Fed Hawks, Doves Air Views The Wall Street Journal - Thu, 16 May, 2013 8:01 PM EDT

    Federal Reserve officials are deeply engaged in debating when to begin dialing back an $85 billion-a-month bond buying program, but don't appear near consensus on when to pull the trigger. The presidents ...

  • Gold's Allure Is Starting to Fade The Wall Street Journal - Thu, 16 May, 2013 7:27 PM EDT

    The bears are mauling gold. The metal fell for a sixth consecutive trading session on Thursday, as investors continue to flee toward assets that promise higher returns. The string of losses, which add ...

  • Mortgage Bond Poised to Set a Dubious First The Wall Street Journal - Thu, 16 May, 2013 4:43 PM EDT

    The booming market for commercial-mortgage-backed securities is on the verge of passing a dubious milestone: losses on a class of bonds that have been popular with investors for the big returns they promised. ...

  • As Baht Rises, Thai Tycoons Spend The Wall Street Journal - Wed, 15 May, 2013 8:13 PM EDT

    BANGKOK—Fifteen years ago, Thailand and other Asian countries let their currencies slide, using cheap exports to help lift them out of a devastating economic slump. Today, Thailand's currency is soaring, ...

  • Japan Posts Surge in Economic Growth The Wall Street Journal - Wed, 15 May, 2013 8:07 PM EDT

    TOKYO—Japan's economic growth accelerated swiftly at the beginning of this year, the most concrete sign yet that new stimulus policies sparking euphoria in financial markets are starting to lift companies ...

  • Tax Scandal Fells IRS Chief The Wall Street Journal - Wed, 15 May, 2013 7:44 PM EDT

    President Barack Obama forced the resignation Wednesday of the acting commissioner of the Internal Revenue Service in connection with the inappropriate targeting of conservative political groups. President ...

  • Cisco's Profit Climbs 14% on Services Sales Growth The Wall Street Journal - Wed, 15 May, 2013 7:17 PM EDT

    Cisco Systems Inc. delivered a sign of improving tech-sector demand as the company's newer software and services businesses more than offset weaker revenue from its traditional networking products. The ...

  • Japan Jolts Bond Market in the Wrong Direction The Wall Street Journal - Wed, 15 May, 2013 6:50 PM EDT

    TOKYO—The Bank of Japan's monetary-easing campaign has hit a snag: Rising bond yields have emerged as a potential barrier to growth. Contrary to the central bank's intentions, interest rates in the $10 ...

  • Investors Flood Into Loan Funds The Wall Street Journal - Wed, 15 May, 2013 3:21 PM EDT

    Money is flooding into funds that buy up loans to companies as some investors brace for the end of ultralow interest rates. The activity is adding fuel to the roaring corporate-refinancing boom by driving ...

  • Here's why your cup of coffee will soon cost more The Wall Street Journal - Wed, 15 May, 2013 9:49 AM EDT
    A cicada sits on the stump of a coffee plant affected by a tree-killing fungus known as roya at the cooperative of coffee growers Tepeczunt in La Paz

    An orange-colored fungus called roya, or coffee-leaf rust, is wreaking havoc on crops across Latin America.

  • Controversies Threaten President's Agenda The Wall Street Journal - Wed, 15 May, 2013 3:38 AM EDT

    An outburst of controversies threatens to swamp President Barack Obama's second-term agenda, while giving Republicans new opportunities to galvanize their base ahead of the battle for control of Congress ...

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