Tag Archives: Wall Street Journal

Brazilian Meatpacker JBS Shares Fall 30% Amid Insider-Trading Accusations

SÃO PAULO—Shares of Brazilian meatpacker JBS plunged more than 30% Monday, costing the company about $2 billion, after President Michel Temer accused its owners of insider trading as part of a bitter battle over the country’s corruption scandal. JBS’s shares have slumped since its executives said in documents made public last week by the country´s Read More…

Federal Reserve Senior Staffer Timothy Clark to Retire

WASHINGTON—Timothy Clark, a senior Federal Reserve staffer in charge of banking supervision, is retiring in the latest personnel change at the bank regulator. Mr. Clark, 57 years old, is expected to leave this summer, after the Fed announces the results of its annual “stress tests” for banks next month. “Tim’s leadership supervising the nation’s largest Read More…

Supreme Court Limits Where Patent Suits Can Be Filed

WASHINGTON—The Supreme Court on Monday limited the ability of patent holders to bring infringement lawsuits in courts that have plaintiff friendly reputations, a notable decision that could provide a boost to companies that defend against patent claims. The high court, in an opinion by Justice Clarence Thomas, ruled unanimously that a lower court has been following an Read More…

Another Gloomy Day for Amgen

Nothing is going right for Amgen these days. Amgen and partner company UCB announced late-stage trial results for its experimental osteoporosis treatment, Evenity, on Sunday. While the drug worked, Amgen noted a higher incidence of heart-related side effects than previously expected. Amgen now says the drug is unlikely to win approval from the Food and Read More…

How a Plague on the Movie and Music Industries Became Their Chief Protector in China

BEIJING—Chinese search giant Baidu Inc. was once a scourge of Hollywood and the U.S. music industry, which accused it of being a pipeline for pirated content. Today when Baidu is involved in a copyright infringement case, chances are it is the one casting the blame. Baidu’s about-face in the copyright fight reflects its emergence as Read More…

Amazon's Latest Market Disruption: 1.7 Million Free Bananas

SEATTLE—Amazon.com Inc. has transformed businesses including retailing, filmmaking and data storage. But no one anticipated the bananas. It started with a brainstorm from founder and CEO Jeff Bezos that Amazon should offer everyone near its headquarters—not just employees—healthy, eco-friendly snacks as a public service. After considering oranges, Amazon picked bananas, and opened its first Community Read More…

CEOs Want Their Offices Back

The lofty building Jordan Hamad moved his tech-advisory firm into four years ago had the trappings of a startup idyll: open floor plan, polished concrete floors, custom-built communal tables. Soon, the 33-year-old founder of Chairseven says he craved something else: walls and a door. The floors, it turned out, damped none of the sound. Instead Read More…

Americans Doing Better Financially, Except for Non-College Educated

WASHINGTON—Americans’ sense of their overall financial health improved modestly last year, but adults without any college education lost ground for the first time since 2013, according to a new Federal Reserve survey. Some 70% of respondents polled in October 2016 said they were either “living comfortably” or “doing okay,” up from 69% the year before, Read More…