Edoardo Cignoli : Spain's Caixabank Names New CEO

Caixabank SA, Spain's third-largest bank, said on Monday that its current chief financial officer will become the lender's chief executive.



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Edoardo Cignoli : Twitter Acquires Ad-Tech Firm TapCommerce

Twitter said Monday it acquired a small startup and rolled out a new form of advertising to bolster a potentially lucrative ad business around mobile apps.



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Edoardo Cignoli : Yahoo Picks Up 'Community' for Streaming Site

Yahoo has picked up 'Community' for its nascent video-streaming site, Screen, after the show was canceled in May.



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Edoardo Cignoli : Actavis, Forest To Sell or Relinquish Generics Rights

Actavis and Forest Labs have agreed to sell or relinquish their rights to four generic pharmaceuticals to settle antitrust concerns stemming from their planned merger.



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Edoardo Cignoli : Poland Shortlists Two Bidders for Missile Defense

Poland shortlisted two bidders, a consortium of Thales Group and MBDA Missile Systems and the Raytheon Company, for further talks on supplying a medium-range missile-defense system.



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Edoardo Cignoli : Peter Piper Pizza Going on Auction Block

Sponsor Acon Investments is putting the Phoenix-based pizzeria and restaurant chain up for sale, said people familiar with the situation.



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Edoardo Cignoli : Corinthian to Sell Heald Campuses

Corinthian Colleges announced Monday that its board has voted to sell, rather than wind down, all of its Heald schools.



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Edoardo Cignoli : Fresenius Sells Rhoen-Klinikum Stake

The German healthcare company said Berenberg Bank bought the approximately 6.9 million shares with the aim of placing them with institutional investors.



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Edoardo Cignoli : Top Court Turns Away Oyster Farm's Appeal

The Supreme Court on Monday turned away an appeal by a California oyster farm that has been ordered by the government to cease operations on federal land.



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Edoardo Cignoli : Energy Future Loan Changes Draw Competition, Opposition

Energy Future Holdings Corp. unveiled changes to a $1.9 billion bankruptcy loan, including improvements in its fees and terms, that the Texas power company hopes will garner it court approval over opposition on multiple fronts.



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Edoardo Cignoli : Woodside Agrees to Buy LNG from Cheniere Energy

Australia's Woodside Petroleum said it agreed to buy LNG from a proposed plant in Texas and will attempt to resell it at a higher price.



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Edoardo Cignoli : Gasoducto Sur Peruano Gets Peru Gas-Pipeline Concession

The partnership run by Odebrecht and Enagás will build and operate a 600-mile-plus pipeline linking central Peru with the country's southern regions.



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Edoardo Cignoli : Defects Found in 19 PricewaterhouseCoopers Audits

Regulators found deficiencies in 19 audits conducted by PricewaterhouseCoopers in their latest annual inspection of the Big Four accounting firm's audit work, a decline from the rate of problems found a year ago.



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Bombs Kill Two Policemen in Cairo

Two police officers were killed and at least three were injured when two crude bombs exploded near the presidential palace in the latest attack on targets in the capital, security officials said.



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Children Enlist in African Religious Battles

Children are being drawn into violence in new ways in several parts of Africa as religious strife changes the face of conflict.



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Iraqis to Start Choosing Key Leaders

Iraq's newly elected parliament will take a critical first step Tuesday to forge a new leadership that will try to stem the sectarian conflict threatening the country with disintegration.



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Obama Orders 200 More Troops to Iraq

President Barack Obama on Monday ordered another contingent of combat-ready troops to Iraq to protect American property and citizens, stepping up the U.S. military's presence in the volatile country.



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Czech Court Convicts Ex-Government Aide of Abusing Power

A Czech district court has convicted a former top government aide, now married to a former prime minister, of abusing her authority by ordering the country's military intelligence to spy on her husband's ex-wife, a senior Czech state attorney said.



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Argentina Economy Stages April Uptick

Argentina's government said Monday that its monthly economic-activity indicator for April rose 0.6% from the previous month, though few analysts expect a quick recovery for an economy that is widely believed to be in recession.



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Photos of the Day: June 30

In photos selected by WSJ editors on Monday, a Palestinian member of Hamas's armed wing takes part in a gunman's funeral, Hobby Lobby supporters react to the U.S. Supreme Court decision, and more.



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Trian Takes Stake in BNY Mellon

Trian Fund Management, led by Nelson Peltz, has built a stake in Bank of New York Mellon valued at about $1.05 billion.



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With Debt Yields Low, Firms Dash for Cash

Corporate-bond markets performed well in 2014's first half alongside an unexpected rally in U.S. Treasury debt. Now, many bond-fund managers worry their early gains are too good to last.



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Currency 'Carry' Trades Make Comeback --- For Now

Stable currency prices have encouraged investors to revive a reliably profitable strategy known as the "carry" trade—but some wonder how long the good times for the strategy can endure.



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Investors Trawl for Yield in Unexpected Waters

Countries previously off many investors' radar—including Zambia, Kenya, Ecuador, Cyprus and Greece—issued debt in the second quarter of 2014. Some analysts worry investors are taking on too much risk.



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BNP Agrees to Pay Over $8.8 Billion to Settle Sanctions Probe

Representatives for BNP Paribas SA pleaded guilty to two felony counts Monday as part of a record $8.8 billion deal to settle a probe into alleged violations of U.S. sanctions against Sudan and other countries.



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A Testing Moment for BNP Paribas's Chief

BNP Paribas's CEO is facing perhaps the most vertiginous moment of his career: signing what is expected to be a nearly $9 billion check to end U.S. criminal probes, and showing he can rebuild the bank's reputation after a landmark punishment.



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U.K.'s Cameron Says EU Renegotiation Still Possible

Prime Minister David Cameron said he could still renegotiate Britain's ties with the European Union after suffering a stinging defeat at a European summit, but the opposition Labour Party said he had been humiliated and his strategy was in tatters.



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Obama to Bolster Border Security

President Barack Obama, responding to congressional inaction on immigration legislation, plans to announce he will take executive action to bolster border security and will consider other changes.



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Missing Israeli Teens Found Dead Near Hebron, Israeli Official Says

Discovery ends a wide-ranging manhunt that triggered one of the biggest Israeli army crackdowns in the West Bank in years.



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Record Crowds Expected for Hong Kong Rally

As tensions escalate between Hong Kong and the mainland, a record turnout for the annual pro-democracy rally on Tuesday.



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European Governments Seek Jihadists' Social Media Ouster

Many companies have clauses in their terms of use against jihadist statements, but the rules are not enforced, the Netherlands' security minister said.



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No Negotiations Between Argentina, Creditors

No negotiations are under way between Argentina and its holdout creditors, Elliott Management said adding that there have been no negotiations and no negotiations are under way.



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Edoardo Cignoli : Justices Avoid Broad Ruling on Public-Union Fees

The court ruled that Illinois home-based care workers can't be forced to pay dues to a union they don't want to join, but declined to overrule past precedent allowing public-sector unions to collect fees from nonmembers.



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Edoardo Cignoli : High Court Declines to Review California Low-Carbon Fuel Standard

The Supreme Court on Monday declined to review California's low-carbon fuel standard, which requires fuel producers to reduce the carbon footprint of their products.



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Edoardo Cignoli : Allergan's Ozurdex Gets FDA Nod

Allergan Inc. said Monday that the U.S. Food and Drug Administration had approved its Ozurdex eye treatment, while reporting positive midstage results for other drugs in its pipeline.



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Edoardo Cignoli : Merck Pediatric Anti-Vomiting Drug Effective

Merck said its Emend drug to prevent chemotherapy-related nausea and vomiting was significantly more effective than a placebo in a Phase III study of cancer patients aged 6 months to 17 years.



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Edoardo Cignoli : Darden Launches Tender Offer

Darden Restaurants Inc. said Monday that it has launched a tender offer for as much as $600 million of its debt.



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Blackstone Readies Hedge Fund

Blackstone is quietly laying plans to start a hedge fund that will make big, bold bets, an effort it hopes will eventually rival some of the largest firms in the business.



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Rio de Janeiro Police Open Investigation After Foreign Man Found Dead

Police said they opened a murder investigation after a foreign man was found dead Saturday in a Rio de Janeiro favela.



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Singapore Riot Exposed Police Weaknesses

A rare riot in Singapore last year exposed some shortcomings in the police's ability to tackle public-order incidents, a state-appointed panel said.



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Edoardo Cignoli : GM Unveils Recall Compensation Plan

Compensation expert Kenneth Feinberg unveiled a broad settlement plan that will compensate victims in accidents involving General Motors vehicles with defective ignition switches.



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Edoardo Cignoli : Court Won't Hear Google's Street View Appeal

The U.S. Supreme Court said it wouldn't consider Google's challenge to a class-action lawsuit alleging the search giant violated federal wiretap law when its Street View cars collected data from private Wi-Fi networks.



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Edoardo Cignoli : Devon Energy to Sell Some Assets to Linn

Devon Energy has agreed to sell all its noncore U.S. oil and gas properties to Linn Energy for $2.3 billion, as the company continues a shift from gas to oil.



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Edoardo Cignoli : Canadian Court Rules Against Wal-Mart in Union Case

Canada's top court upheld a Quebec arbitrator's ruling that Wal-Mart Stores violated the province's labor laws when it closed a store nearly a decade ago after contract talks with unionized workers became stalemated.



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Edoardo Cignoli : PPG to Acquire Mexico's Comex

Pittsburgh-based PPG Industries agreed to buy architectural and industrial coatings company Consorcio Comex for $2.3 billion.



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Edoardo Cignoli : TreeHouse to Buy Flagstone Foods

TreeHouse Foods Inc. said it agreed to buy private-label trail-mix maker Flagstone Foods for $860 million in cash.



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Edoardo Cignoli : GM Compensation Plan to Be Unveiled

Compensation expert Kenneth Feinberg will unveil the details of a reimbursement plan General Motors will follow to financially respond to those injured in accidents linked to cars equipped with a faulty ignition switch.



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Edoardo Cignoli : Golf Operator Plans Singapore Trust IPO

Accordia Golf, Japan's largest golf-course operator, plans to raise up to $626 million through an initial public offering in Singapore for most of its golf-course assets.



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Ukraine Fighting Continues Amid Cease Fire

A Russian television cameraman died in Ukraine's east after a bus in which he was traveling came under fire, his station said, as fighting continued between government forces and pro-Russia rebels despite a cease-fire set to expire Monday.



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Japan's Abe Set to Change Pacifist Policy

Japanese Prime Minister Shinzo Abe is set to make a historic shift in the country's six-decade-old pacifist policy, achieving a long-standing personal aim but potentially alienating voters.



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China to Reopen Embassy in Somalia

China is reopening its embassy in Somalia about 23 years after evacuating its diplomats as the east African nation plunged into civil war.



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Chinese Communist Party Ousts Former Top General

The Chinese Communist Party expelled a former top Chinese military leader, Gen. Xu Caihou, on allegations of bribe-taking and other offenses.



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India Launches Foreign Satellites

India's space agency launched five foreign satellites, reflecting its ambition to get a bigger cut of the world's $300 billion annual space business.



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Pakistan Begins Ground Operation Against Militants

Pakistan launched a ground offensive against militants in the North Waziristan tribal region, the Pakistani military said, after nearly half a million people fled the area to avoid violence.



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Coulson Faces Bribery Retrial

U.K. prosecutors said they will retry Andy Coulson, a former top newspaper editor and one-time media aide to Prime Minister David Cameron, for bribery, after a jury failed to reach a verdict last week.



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Thailand Revokes Anticoup Leaders' Passports

Thai authorities have revoked the passports of six people, including two anticoup movement founders who have fled overseas and are wanted on arrest warrants.



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Euro-Zone Inflation Stays at Over 4-Year Low

The euro zone's annual rate of inflation was unchanged at its lowest level in more than four years in June, while bank lending to households and businesses declined in May.



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EU Approves Bulgarian Bank Aid

The European Commission on Monday approved an emergency request by Bulgaria to grant a credit line of 3.3 billion levs ($2.3 billion) to its lenders, after the country suffered a run on two banks.



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Pistorius Due Back in Court After Evaluation

Following a month-long psychiatric evaluation, Oscar Pistorius returns to court Monday to face the final weeks of his murder trial.



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Malaysia Arrests Terror Suspects

Malaysian police said they have captured two suspected militants, boosting to 19 the number of people arrested in a string of counterterrorism operations launched two months ago.



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Chinese Territorial Claims Driving Asia Closer to U.S.

Muscle flexing by the Chinese in the South China Sea is driving Asian neighbors into closer alliance with the U.S., warned a senior Australian minister.



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Edoardo Cignoli : Philips to Create LED, Automotive Lighting Firm

Philips is seeking investors for its Lumileds and automotive lighting business, which it plans to turn into a stand-alone company within the main group.



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After Crisis, Stock Picker Rises Again

Mutual-fund manager Bill Miller is outperforming the overall market with investments similar to those that sank him in 2008.



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New Phase for Argentine Bond Feud

Argentina is on track to miss an interest payment on Monday, setting in motion a 30-day grace period for the country to make the payment and avoid its second default in 13 years.



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Yellen's Security Detail Irks Neighbors

In a gated community in Washington, D.C., some say the commotion surrounding one resident, Fed Chairwoman Janet Yellen, is disrupting the neighborhood.



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U.S. Investment Firms Challenge Puerto Rico Restructuring Law

A pair of Wall Street investment firms is challenging Puerto Rico's new law allowing some public agencies to restructure their debt, saying it violates the U.S. Constitution.



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North Korea Says Two Detained Americans to Face Trial

North Korea said it will charge two Americans in its custody as state media said Matthew Miller and Jeffrey Fowle had been investigated for "perpetrating hostile acts."



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Why Cameron Never Stood a Chance

Europe File: David Cameron's opponents at home and abroad wasted little time putting the boot in. The European Council decision to nominate Jean-Claude Juncker as the next president of the European Commission was undoubtedly a major defeat for the U.K. prime minister.



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Departing Economics Chief Says Euro Zone Wasted Years During Crisis

EU Commissioner Olli Rehn says dithering by euro zone states wasted time, leaving it to the European Central Bank to save the common currency



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ISIS Declares New Islamist Caliphate

The Sunni Islamist militant group whose three-week blitz through northern Iraq has nearly upended the country's fragile unity announced itself as a new Islamist "caliphate" on Sunday, unilaterally declaring statehood and demanding allegiance from other Islamist groups.



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Photos of the Day: June 29

In today's pictures, women wear masks at a gay pride parade in Turkey, a man attempts to walk across a cable before turning back, players kick a ball through mud in China, and more.



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Alien Abductees Over the Moon To Find a Close-Encounter Group

A conference in England drew attendees who believe they have interacted with extraterrestrials.



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Edoardo Cignoli : Meet the 'Transformers' Movie Whisperer

While Michael Bay is the director on the successful 'Transformers' series, it is producer Ian Bryce, a 75-year-old Englishman with a résumé that includes 32 films, who helps turn the vision into reality.



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Edoardo Cignoli : Shire CEO: Bid Halted Deal Hunt

Shire was pursuing a number of large deals before an approach from AbbVie "stopped us in our tracks," Chief Executive Flemming Ornskov said.



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Widodo's Polls Lead Plummets in Race for Indonesian Presidency

Advantage evaporates amid rumors on his religion, lackluster support within his party, and a shift in television media support for his opponent, Prabowo Subianto.



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Edoardo Cignoli : Restaurants Respond to Higher Beef Prices

Restaurants are looking for the best ways to deal with rising beef prices. Passing along the costs is one option, but other moves include smaller burgers and steaks, new recipes and featuring cheaper cuts of meat.



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Edoardo Cignoli : Boards Race to Bolster Cybersecurity

After a series of high-profile data breaches and warnings, corporate boards are grappling with cybersecurity issues they once relegated to technology experts.



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Edoardo Cignoli : Experiment on Facebook Users Prompts Outrage

A social-network furor has erupted over news that Facebook Inc., in 2012, conducted a massive psychological experiment on more than 600,000 unwitting users.



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Militants Leverage Iraq Gains in Syria

Fighters of the Islamic State of Iraq and al-Sham are openly fighting other Islamist rebel groups in Syria.



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Europe Is Closely Studying Lessons From Japan

The Outlook: Japanese Prime Minister Shinzo Abe's announcement of fresh measures to improve sluggish growth coincides with an intensified debate in Europe about whether the euro zone is sliding into similar long-term lethargy.



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Edoardo Cignoli : Securities Ruling Is a Mixed Bag

A new defense the Supreme Court carved out for companies in securities class actions, might be difficult to employ.



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Edoardo Cignoli : Beer Makers Pray for a Fruitful Summer

Citrus and margarita-flavored beers are just a couple of the tactics big brewers are using as they hope to win back cocktail converts and counteract incursions made by craft brews.



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Edoardo Cignoli : Dollar General CEO to Step Down Next Year

Dollar General said Chairman and Chief Executive Rick Dreiling plans to retire by next year.



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Edoardo Cignoli : Ranbaxy Drug Wins FDA Approval

Ranbaxy won FDA approval to produce a long-delayed generic version of Novartis's blockbuster blood-pressure drug Diovan, improving the Indian company's prospects after years of regulatory problems.



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Edoardo Cignoli : Bertelsmann Getting Out of Book Retailing

Bertelsmann's decision to close its bookselling business in German-speaking markets, after years of declining sales, marks a farewell to what was once a core business for the media conglomerate.



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Edoardo Cignoli : NetJets Expects August Clearance for China Operations

CEO Jordan Hansell said NetJets had passed the penultimate step with the Civil Aviation Administration of China in June and the country's regulator is nearing final approval of NetJets' formal operating certificate.



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Edoardo Cignoli : 'Transformers' Sequel Brings In $300 Million Globally

The latest installment in the "Transformers" movie franchise raked in about $100 million in its North American opening. Its global opening weekend hit an estimated $300 million



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Edoardo Cignoli : Delta, Alaska Airlines Go to War Over Seattle

Delta Air Lines and longtime partner Alaska Air Group are slugging it out in a battle for Seattle that is turning into one of the U.S. airline industry's nastiest turf wars in years.



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Edoardo Cignoli : Mori Building Plans Expansion in Tokyo

Thanks to Japan's new economic programs and the planned 2020 Olympics, Tokyo's property market has seen signs of life in recent months. But Mori Building CEO Shingo Tsuji says he is worried about the city's footing as competition increases.



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Edoardo Cignoli : Sex Video Sheds Light in Glaxo Case

A surreptitious sex video of a Glaxo China executive led the company to hire a husband-wife investigative team who subsequently were arrested on charges they violated Chinese citizens' privacy.



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Edoardo Cignoli : Saab Buys ThyssenKrupp Marine

Swedish defense company Saab AB said on Sunday it had finalized a contract with ThyssenKrupp to acquire its Swedish submarine business.



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Ukrainian Soldiers Call for Lifting of Cease-Fire

Several hundred Ukrainian soldiers and activists gathered outside the presidential administration in Kiev on Sunday to call for an end to the cease-fire in eastern Ukraine.



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Gunmen Attack Churches in Nigerian Village

Gunmen on Sunday attacked services at three churches near the Nigerian village where 276 schoolgirls were abducted in April, part of a relentless pounding of a Christian pocket in the country's predominantly Muslim north.



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Hong Kong Democracy Poll Ends

Pro-democracy activists in Hong Kong ended a 10-day unofficial referendum on election reform Sunday after attracting hundreds of thousands of votes, bolstering expectations a record number of protesters will join the July 1 annual pro-democracy rally.



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Man Sets Himself Alight at Tokyo Railway Station

Witnesses were quoted as saying the man spoke through a megaphone to protest the government's moves to change Japan's defense policy.



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U.S. Urges Myanmar Nationals to Work Harder to Get Off Sanctions List

The U.S. is urging Myanmar nationals hit with economic sanctions to follow legal processes laid out by the Treasury Department to remove themselves from the blacklist.



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Israel Hits Gaza Militant Sites

Israel and Palestinian militants traded blows as the Israeli military offensive against Hamas in the West Bank spilled over to the border region around the Gaza Strip and southern Israel.



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Thai Military Displays Seized Weapons

Thailand's military leaders Sunday displayed more than 1,000 weapons they said were seized from the country's political factions since May's coup, including a cache they said was linked to a former government minister now in self-imposed exile outside Thailand.



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Premature to Say U.K. Will Fail to Reform EU, Says Hague

U.K. Foreign Secretary William Hague said it was too soon to conclude the government would fail to renegotiate its relationship with the EU and thereby increase the risk the U.K. could eventually leave the bloc.



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Rescuers Search for Survivors of India Building Collapse

Rescuers used gas cutters and shovels to search construction rubble Sunday for more than a dozen workers feared trapped in the second of two building collapses in India that together have killed at least 19 people.



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Iraqi Forces Hit Snag in Tikrit Push

Iraqi security forces were locked in a standoff outside the city of Tikrit, local security officials said, as the military's most muscular effort to beat back a three-week-old Sunni insurgency appeared to stall.



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Edoardo Cignoli : Governance Push Takes Root in Japan

Japan's new code for corporate governance is the latest in a series of steps to transform the country's business culture and make firms more profitable and efficient.



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Edoardo Cignoli : KKR-Owned Company to Settle Shareholder Suit for $29 Million

An industrial-pumps maker agreed to pay $29 million to its former shareholders to settle allegations that it was undervalued in its $3.7 billion sale to private-equity firm KKR & Co. last year.



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Japan Protests to North Korea Over Missile Launch

Tokyo has protested to Pyongyang about the launch of short-range missiles into the Sea of Japan early Sunday, the North's second firing of projectiles in a matter of days.



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Benghazi Suspect Pleads Not Guilty

Ahmed Abu Khatallah has pleaded not guilty to U.S. allegations that he helped carry out the 2012 attacks on the American consulate in Benghazi that led to the deaths of four Americans, including U.S. Ambassador Christopher Stevens.



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Seoul: North Korea Fires More Short-Range Missiles

North Korea fired two short-range missiles into its eastern waters Sunday, a South Korean official said.



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Photos of the Day: June 26

In photos chosen Thursday by editors of The Wall Street Journal, a child awaits entry to a temporary camp for Iraqis caught up in the fighting at Mosul, a boy wades through floodwaters in the Brazilian city of Recife, and a man in Rio de Janeiro poses next to a picture of sanctioned Uruguayan soccer star Luis Suárez.



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Pro-Russian Rebels in Ukraine Free 4 OSCE Observers

Pro-Russian insurgents in Ukraine on Saturday released a second team of observers from the Organization for Security and Cooperation in Europe.



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Sectoral Sanctions Against Russia May Cause Decline in Economy

A round of sectoral sanctions against Russia could result in a decline of the economy, a top government official said Saturday.



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Argentine Vice President Is Charged

A judge has charged Argentina's Vice President Amado Boudou with bribery and conducting business incompatible with public office.



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Edoardo Cignoli : Aereo to Suspend Operations, Rethink Strategy

Aereo Inc. on Saturday said it is suspending operations, as the online video startup re-evaluates its strategy following a Supreme Court ruling against it earlier this week.



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China Official Cancels Taiwan Appearances

China's top cross-strait negotiator, in Taiwan on a landmark visit, canceled three public appearances at the last minute after protests against his bridge-building trip turned violent.



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Egypt Bomb Blast Kills Teenager

Two homemade bombs placed in a government construction site on the outskirts of Cairo exploded, killing a teenage girl and wounding her mother, officials said.



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Edoardo Cignoli : American Apparel Adopts Rights Plan

American Apparel said a committee of its board adopted a rights plan designed to protect shareholders, following a bid by embattled founder Dov Charney to boost his stake in the company.



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Edoardo Cignoli : Canada Bolsters Rail Transport Safety

Canadian Transport Minister Lisa Raitt announced new rules aimed at bolstering safety measures for transporting dangerous goods, such as crude oil, over the country's railway networks.



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Edoardo Cignoli : On the Go With Google Glass

What does Google's wearable computer mean for travel? A trip to Puerto Rico that compares navigating via Glass, guidebooks and word-of-mouth provides some ideas.



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Edoardo Cignoli : Michaels Has Tepid Trading Debut

Michaels shares opened at their initial public offering price as investors offered a tepid reception to the long-awaited listing.



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Edoardo Cignoli : TUI Travel Agrees to Merge With TUI AG

U.K. leisure and travel company agrees deal with German majority shareholder that would create a combined group with a market value of around $9.7 billion.



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Edoardo Cignoli : Canadian Court Rules Against Wal-Mart in Union Case

Canada's top court upheld a Quebec arbitrator's ruling that Wal-Mart Stores violated the province's labor laws when it closed a store nearly a decade ago after contract talks with unionized workers became stalemated.



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Edoardo Cignoli : Tencent to Buy Stake in 58.com

Chinese Internet giant Tencent Holdings said it has agreed to buy roughly 20% of 58.com Inc., the local equivalent of Craigslist, for $736 million.



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Copper Traders Look Beyond China

Worries over commodity-backed financing deals in China are sending some China-bound cargo ships laden with copper to other destinations where higher prices are on offer.



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EU Leaders Pick Juncker

EU leaders nominated former Luxembourg Prime Minister Jean-Claude Juncker as president of the European Commission, the EU's executive.



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Iraq Kurds Won't Give Up Territory, Leader Says

Kurdish leader Massoud Barzani said Friday that his forces won't relinquish territory they are defending against Sunni rebels, adding to worries that the Iraq could break up along ethnic and religious lines.



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Gazprom Warns Europe May Suffer From Ukraine Gas Spat

European customers may start to feel the impact of the gas spat between Russia and Ukraine "in several months," the head of Russia's natural gas monopoly said.



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Judge Says Argentina Can't Pay Some Bondholders

Judge Thomas Griesa says a bond payment Argentina deposited in an attempt to pay holders of its restructured debt was illegal, though he said payments on debt governed by laws in Argentina are allowed.



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Mt. Gox Head Believes No More Bitcoins Will Be Found

Scared, frustrated and angry—that's how Mark Karpelès, head of defunct bitcoin exchange Mt. Gox, says he felt when he realized in February that the exchange had lost nearly half a billion dollars' worth of the internet currency.



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Edoardo Cignoli : Germany Ends Verizon Contract

The German government said it would end a contract with Verizon over concerns about network security, one of the most concrete signs yet that disclosures of U.S. spying were hurting U.S. technology companies.



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Prominent Activist Slain in Libya

One of Libya's most prominent female activists was assassinated in the restive eastern city of Benghazi when gunmen stormed her house.



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Edoardo Cignoli : Alibaba to List on NYSE

Chinese Internet giant Alibaba said it would list its American depositary shares on the New York Stock Exchange under the symbol "BABA."



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Edoardo Cignoli : GoPro Shares Jump 31% in Debut

GoPro's shares rose 31% in their stock-market debut, showing the promise of consumer-electronics companies. But skepticism remained about the video-camera maker's longer-term prospects.



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Edoardo Cignoli : Caesars to Close Showboat in Atlantic City

Caesars said it will close the Showboat casino-hotel in Atlantic City this summer, citing a continued decline in business and the high property-tax burden in Atlantic City.



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Edoardo Cignoli : Bristol-Myers Gets Positive CHMP Opinions

Bristol-Myers said that the EMA's Committee for Medicinal Products for Human Use granted positive opinions for the company's treatments for hepatitis C, and deep vein thrombosis and pulmonary embolism.



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Edoardo Cignoli : Finish Line Profit and Sales Jump

Finish Line said its fiscal first-quarter profit more than doubled as sales and margins expanded, the latest example of sporting-apparel chains outperforming other retailers.



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Edoardo Cignoli : Apollo to Buy Encana's Bighorn Properties

Apollo Global Management confirmed a deal to buy energy producer Encana Corp.'s Bighorn properties in Alberta for about $1.9 billion.



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China Works to Move Citizens in Iraq

China's government is scrambling to move about 1,200 Chinese workers in northern Iraq out of the path of the violent insurgency.



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Lawyers March in Hong Kong

Hong Kong lawyers marched against a move by China that they see as infringing on judicial independence in the city.



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Edoardo Cignoli : China Investigates Guangzhou Party Chief

China's antigraft arm said it is investigating Wan Qingliang, the party secretary of Guangzhou, the capital of southeastern Guangdong province.



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Edoardo Cignoli : ABB Sells Meyer Steel Structures

Power and technology company ABB plans to sell a steel products business for $600 million in cash as it streamlines its operations.



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France Feeds New European Economic Nationalism

A French proposal to fosten national industrial champions by softening the region's antitrust laws is the latest sign of rising economic nationalism in post-crisis Europe that is making life tougher for a swath of major U.S. corporations.



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Edoardo Cignoli : KB Home Swings to Profit on Higher Average Selling Prices

KB Home swung to profit for the fiscal second quarter as housing revenue improved, benefiting from higher average selling prices.



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Edoardo Cignoli : First Quantum Halts Panama Copper Project Construction

First Quantum Minerals Ltd. said late Thursday it has temporarily halted construction at its massive Cobre Panama project because of a labor dispute with some of its construction workers.



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Edoardo Cignoli : Dollar General CEO to Step Down Next Year

Dollar General Corp. said Friday that Chairman and Chief Executive Rick Dreiling plans to retire by next year. The move is effective May 30, 2015.



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Edoardo Cignoli : Daimler, Nissan to Invest in Mexico Plant

Daimler and Nissan Motor confirmed plans to create a 50-50 joint venture that will invest around $1.4 billion in a new plant in Mexico.



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EU Signs Pacts With Eastern Neighbors

The European Union signed sweeping trade-and-political agreements with Ukraine, Georgia and Moldova, pushing the bloc's influence eastward but potentially provoking fresh tensions with Moscow.



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Edoardo Cignoli : Emerson Considers Options for Power Transmission Solutions Unit

Emerson Electric said it is considering strategic options for its power transmission solutions business, including adding or selling operations.



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Jordan Court Acquits Abu Qatada

A Jordanian military court has acquitted al-Qaeda-linked preacher Abu Qatada of terror charges over a foiled 1998 plot to attack an international school in the Jordanian capital, Amman.



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North Korea Replaces Top Minister

North Korea named a new armed forces minister, the fourth person in the position in 2½ years.



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Long List of Ambassador Nominees Await Senate Approval

Partisan acrimony in the Senate has held up more than 30 of President Obama's nominees to be ambassadors, leaving top diplomatic posts open around the world.



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Iraq Militants Executed 160 Captives -Rights Group

Iraqi insurgents executed at least 160 captives earlier this month in the northern city of Tikrit, Human Rights Watch said.



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China Probes Guangzhou Party Chief

China's anti-graft arm said it is investigating Wan Qingliang, the party secretary of Guangzhou.



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Edoardo Cignoli : U.S. Prosecutors Issue Subpoenas in GM Probe

Newly released General Motors emails and other documents show a U.S. grand jury is issuing subpoenas for documents and raise questions about the company's assessment of who was at fault.



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Edoardo Cignoli : Rosneft, BP in $1.5 Billion Oil Deal

Russian oil giant Rosneft, whose chief executive was put on the U.S. sanctions list, signed a deal worth at least $1.5 billion with its longtime partner BP.



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Report Assumes Flight 370 Lost Oxygen

Australian authorities are moving the search to a new area based on assumptions that someone deliberately switched on the autopilot and that everyone on board Malaysia Flight 370 was unresponsive, possibly due to hypoxia.



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U.S. Navy Official Calls China Ties Improved

Relations between the U.S. and Chinese militaries have improved "modestly" in the past year, U.S. Navy Rear Admiral Mark Montgomery said in an interview.



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Japan's License to Dance Whirls Again

Osaka club owner Masatoshi Kanemitsu says he spent 22 days in detention in 2012 for allowing his patrons to dance. Japan is now looking at amending a 1948 law requiring a special license for dance halls.



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Ukraine Cease-Fire to End If Talks Fail

The Ukrainian government said a cease-fire with pro-Russian fighters would end Friday evening if last-minute talks between the two sides failed to yield any agreement.



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Pipeline Fire Kills at Least 13 in India

A gas-pipeline fire in southern India has killed at least 13 people, according to the company that owns the pipeline.



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China's President Xi to Visit Seoul

Chinese President Xi Jinping will visit Seoul next week for talks with South Korean President Park Geun-hye on North Korea's nuclear weapons program and other issues.



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Corporate-Governance Push Takes Root in Japan

Japan's new code for corporate governance is the latest in a series of steps to transform the country's business culture and make firms more profitable and efficient.



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China Flags 'Improper' Gold-Backed Loans

Chinese authorities raised concerns about the use of gold to back loans as companies exposed to a separate case of potential fraud involving metals-linked lending discussed a deal to share the possible losses.



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Euro-Zone Mood Worsens Despite ECB Policy Shift

The European Central Bank's new measures to boost growth and the inflation rate across the euro zone have inspired little fresh optimism among businesses and households.



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BOE's Carney Sees Rates Below Old Normal

The Bank of England's benchmark interest rate won't rise to levels previously considered "normal" over the foreseeable future, Gov. Mark Carney said in an interview broadcast Friday.



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Edoardo Cignoli : Ranbaxy Wins Nod for Generic Diovan

Ranbaxy won FDA approval to produce a long-delayed generic version of Novartis's blockbuster blood-pressure drug Diovan, improving the Indian company's prospects after years of regulatory problems.



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Edoardo Cignoli : Aer Lingus Stumps Up Cash in Pensions Dispute

Aer Lingus said it will inject €190.7 million ($260 million) into an employee pension plan to comply with a recommendation on how to resolve a long-running dispute over the program.



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Google Starts Scrubbing Europe Search Results

Google has started removing results from its search engine under Europe's new "right to be forgotten," implementing a ruling that gives individuals the right to request removal of results that turn up in searches for their names.



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EU Will Seek to Accommodate U.K.

European Union leaders will seek to accommodate U.K. demands when they define priorities for the next European Commission, given the U.K.'s opposition to the appointment of Jean-Claude Juncker as its president, German Chancellor Angela Merkel said.



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King Felipe Faces Test on Catalonia Trip

Only a week after ascending to the throne, Spain's youthful King Felipe VI is testing his mettle on a visit to the Catalonia region, where a determined secessionist movement has emerged as the country's biggest political challenge.



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Edoardo Cignoli : Decision Cripples TV Networks' Web Rival

The high court handed a high-stakes victory to broadcasters, ruling online video startup Aereo violated copyrights on their programming, dealing a crippling blow to the TV-streaming company.



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Edoardo Cignoli : Apple Cuts Prices on IPod Touch

Apple said it would cut the price of its three iPod touch models, one of which will now be $100 cheaper.



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Edoardo Cignoli : KBR Says Appeals Board Clears Use of Private Contractors in Iraq

KBR Inc. said the Armed Services Board of Contract Appeals affirmed the government contractor's use of private security contractors during combat operations in Iraq, clearing the way for KBR to recover $45 million for services rendered in 2003 to 2007.



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Edoardo Cignoli : Canadian Grocer Empire to Close 50 Stores

Empire Co. said Thursday it will close about 50 underperforming stores in its grocery store network, largely in Western Canada.



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Edoardo Cignoli : Egypt to Repay Some of Its $5.9B Energy Debt

Egypt plans to repay some of its debt to energy companies in a bid to revive confidence in its hydrocarbon sector and boost production, the country's oil minister said.



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Bomb Blasts Hit Egypt Subway

At least five people suffered minor injuries when four bombs exploded at three metro stations in Cairo during the crowded morning rush hour.



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Edoardo Cignoli : Nike, Adidas Face Off in U.S.-Germany Match

The World Cup match between Germany and the U.S. Thursday is also a face-off between the world's two largest athletic wear makers, Nike and Adidas. Nike outfits the American squad, and Adidas is clothier to Germany.



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Edoardo Cignoli : Toyota Speeds Rollout of Fuel-Cell Cars

Toyota accelerated plans to introduce its first hydrogen-powered car, saying it would begin selling the sedan in Japan by next March at a price of about $70,000 with deliveries to Europe and the U.S. to follow.



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Slovak Court Clears Andrej Babis

A Slovak court Thursday ruled that Czech Finance Minister Andrej Babis was put on a list of Czechoslovak Communist-era state security agents without justification and as such his name must now be removed.



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Brazil's Central Bank Says Inflation Likely to Moderate

Brazil's inflation trends are likely to moderate in the near future, depending on increased confidence by businesses and families, the country's central bank said in its quarterly inflation report.



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Taiwan Central Bank Holds Rates

Taiwan's central bank kept its key interest rates on hold and sought to cool expectations that a rate increase is imminent, even as inflation has risen.



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Edoardo Cignoli : GM CEO Says Recalls Likely to Continue

General Motors Chief Executive Mary Barra declined to call an end Thursday to the auto maker's recalls, suggesting a slight change in the company's recent stance.



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Edoardo Cignoli : Glencore Appoints First Woman to Its Board

The mining and trading giant has appointed Patrice Merrin to its board as a nonexecutive director, marking the end of a more than yearlong search for a female board member.



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Iran Debates Role In the Middle East

After toiling more than a decade to shape Iraq and Syria into strong Arab allies of the Islamic Republic, Iran is now facing a daunting reality: supporting two states torn by war.



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Edoardo Cignoli : General Mills to Cut More Costs

General Mills said it has begun new initiatives to scale back costs and boost its top line as the packaged-food maker posted a decline in its fiscal fourth-quarter sales.



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Edoardo Cignoli : Alcoa to Buy Jet-Engine Component Maker

Alcoa said it has reached a deal to buy aerospace-parts maker Firth Rixson from Oak Hill Capital Partners for $2.85 billion in cash and stock.



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Edoardo Cignoli : Hyundai, Ssangyong Face Fines for Overstating Fuel Efficiency

South Korea's transport ministry said it will fine Hyundai Motor and Ssangyong Motor for overstating fuel economy figures of their sport-utility vehicles.



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Edoardo Cignoli : ConAgra Swings to Quarterly Loss

ConAgra Foods swung to a loss in its fiscal fourth quarter, as write-downs and flagging sales weighed on results.



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Edoardo Cignoli : Philip Morris Strikes U.K. E-Cigarette Deal

Philip Morris International has bought one of Britain's biggest electronic cigarette makers, its latest foray into the fast-growing market for tobacco-free smoking.



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Edoardo Cignoli : China Dismisses Wal-Mart Labor Complaint

A panel in China dismissed a labor dispute brought against Wal-Mart Stores, which could end a three-month dispute.



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Edoardo Cignoli : U.K. Energy Suppliers Face In-Depth Probe

The U.K.'s antitrust regulator will conduct an 18-month investigation into the country's energy sector after a review found that a lack of competition is hurting consumers.



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Ukraine President Warns of Tough Decision

Ukraine's President Petro Poroshenko said he would face a tough decision if pro-Russian rebels don't accept the key elements of a peace deal before a week-long cease-fire ends early Friday, but there will be more talks ahead of the deadline.



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Prominent Activist Slain in Libya

One of Libya's most prominent female activists was assassinated in the restive eastern city of Benghazi when gunmen stormed her house.



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Brussels Shooting Suspect Ordered to Belgium

A French court ruled that the man suspected of killing four people at the Jewish Museum in Brussels last month should be handed over to Belgian authorities.



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Edoardo Cignoli : Lennar's Profit Ticks Up

Lennar Corp. said its fiscal second-quarter earnings edged up slightly as a higher tax provision in the latest quarter masked an increase in revenue.



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Edoardo Cignoli : Winnebago Earnings, Revenue Rise

Winnebago Industries said its earnings rose 49% on increased revenue driven by growing retail demand. The recreational vehicle manufacturer said its revenue was the strongest since 2005.



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Edoardo Cignoli : McCormick Earnings Rise on International Growth

McCormick & Co. Inc. posted a 7.5% jump in its fiscal second-quarter profit as it continued to reap the benefits of a key international acquisition last year.



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Edoardo Cignoli : Accenture's Profit Improves On Consulting, Outsourcing Revenue

Accenture PLC said its fiscal third-quarter revenue and earnings rose as the consulting firm's results were boosted by improvement in both its consulting and outsourcing segments.



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China Finds $15.2 Billion in Loans Tied to Illegal Gold Financing

Chinese officials uncovered $15.2 billion of loans tied to illegal gold financing deals since 2012, a finding that could add to broader concerns over metal-backed financing in China.



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China Dismisses Wal-Mart Labor Complaint

A panel in China dismissed a labor dispute brought against Wal-Mart Stores, which could end a three-month dispute.



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Bank of England Tightens Mortgage Rules

The Bank of England tightened mortgage-lending rules in the U.K. to prevent too many homebuyers taking on too much debt.



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EU to Probe China Stainless Steel

The European Commission has opened an investigation into unfair trade practices by Chinese and Taiwanese steel manufacturers, saying preliminary evidence shows that a steep increase in imports from the two countries has hurt European producers.



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Edoardo Cignoli : Korean Cosmetics Firm Loses Interest in Elizabeth Arden

South Korean cosmetics firm LG Household & Healthcare said it is no longer considering Elizabeth Arden as a potential acquisition target as it seeks to expand overseas.



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Edoardo Cignoli : Chinese Bank Buys London Building

China Construction Bank bought a seven-story office building in central London for 110 million pounds (US$187 million), amid Chinese financial firms' rising appetite for commercial assets in the U.K.



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Jordan Court Acquits Abu Qatada

A Jordanian military court has acquitted al-Qaida-linked preacher Abu Qatada of terror charges over a foiled 1999 plot to attack an American school in the Jordanian capital, Amman.



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Edoardo Cignoli : Google Starts Removing 'Right to be Forgotten' Search Results

Google searches for any name in Europe now note that results "may have been removed."



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Edoardo Cignoli : FDA Won't Fast-Track Astra Cancer Drug

AstraZeneca failed to win accelerated approval of a cancer drug in the U.S., dealing a blow to its new drug-development pipeline, a key plank of its defense in fighting off Pfizer's $120 billion takeover bid.



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Edoardo Cignoli : Daimler, Renault Nissan to Make Cars in Mexico

Daimler and Renault Nissan have agreed to jointly manufacture Mercedes and Infiniti compact cars in Mexico, in what the companies say is the largest project in the three-way alliance's history.



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North Korea Replaces Top Minister

North Korea named a new armed forces minister, the fourth person in the position in 2½ years.



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Australia Opens Weapons-Testing Site to Mining

The world's largest weapons test range in the remote Australian outback will be opened to mining after the country's parliament agreed Thursday to laws easing access to an area larger than the U.S. state of Ohio.



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Turquoise Hill Challenges Mongolian Tax Claims

Turquoise Hill Resources has filed a dispute notice with the Mongolian government, contesting an audit from the country's tax authorities that claimed unpaid taxes and penalties.



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Investors Downbeat on Chinese Real Estate

Real-estate developers and investors are souring on China's slowing property market and are seeking safer bets in developed cities like Beijing and Shanghai, according to a new survey.



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Edoardo Cignoli : AMS, Dialog in Merger Talks

German semiconductor maker Dialog Semiconductor and Austrian sensor manufacturer AMS are in preliminary discussions about a merger. The two companies have a combined market capitalization of more than $4 billion.



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Edoardo Cignoli : Arabtec Chairman Says No Delisting Is Planned

The chairman of Arabtec Holding said the construction company would restructure to cut costs and had no intention of delisting its shares, giving a boost to the Dubai-based company's stock.



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Edoardo Cignoli : LSE to Buy Russell for $2.7 Billion

London Stock Exchange said it is buying Frank Russell, a Seattle-based stock-index and asset-management business, for $2.7 billion.



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Australia House Prices Could Face Correction, Moody's Says

Australian house prices—which have risen sharply fueled by record-low interest rates—may face a downward correction if the recent pace of growth continues, Moody's Investors Service said.



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Japan's License to Dance Whirls Again

Osaka club owner Masatoshi Kanemitsu says he spent 22 days in detention in 2012 for allowing his patrons to dance. Japan is now looking at amending a 1948 law requiring a special license for dance halls.



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N.Y. Attorney General Plans Lawsuit Against Barclays

New York Attorney General Schneiderman plans to announce a lawsuit against British banking giant Barclays PLC on Wednesday related to the firm's stock-trading business.



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No Prize in ConAgra's Cereal Box

Ahead of the Tape: Amid sectorwide malaise, ConAgra's big bet on Ralcorp isn't delivering the payoff investors had hoped for.



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In Asia, 1,600 Papier-Mâché Sculptures Bring Pandemonium

Pandas cause a stir on tour, pushing the French artist who designed them into the spotlight.



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Polish Premier Seeks Vote of Confidence

Poland's prime minister asked for a parliamentary vote of confidence to resolve a political crisis that began last week with the publication of leaked tapes that appeared to show the nation's top officials privately discussing the nation's finances and politics.



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Mexican Economy Sees Glimpse of Recovery

After many months of dreary economic news from Mexico, upbeat April data buoyed hopes that the economy is finally on the path toward improved growth.



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Canada to Review Transport Sector Faster

Canada said it will accelerate plans to review its key transportation sector to address challenges ranging from grain-movement bottlenecks to ensuring the safe shipment of crude oil by rail.



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Edoardo Cignoli : Jury Doesn't Reach Verdict in Coulson Bribery Count

A jury failed to reach verdicts in the last two counts of a long-running phone-hacking trial, leaving it to prosecutors to decide by next week whether to retry Andy Coulson for bribery.



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Edoardo Cignoli : Justices Rule Aereo Violates Broadcasters' Copyrights

The U.S. Supreme Court handed a high-stakes victory to broadcasters, ruling online video startup Aereo violated copyrights on their programming.



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Edoardo Cignoli : Monsanto Boosts Profit View as Earnings Fall 6%

Monsanto said it expects to at least double profits over the next five years as farmers buy more of its genetically altered seeds and high-tech planting services.



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Edoardo Cignoli : Sawyer Stepping Down as ABC Anchor

Diane Sawyer is stepping down from the anchor's chair of ABC's "World News," to be succeeded by David Muir, leaving the major TV networks without a female evening news anchor for the first time in nearly a decade.



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Edoardo Cignoli : Uber Hires Former Wonga CEO

Niall Wass, former chief executive of British payday lender Wonga, has joined Uber Technologies Inc. to spearhead its international expansion.



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Edoardo Cignoli : Court Rejects Warrantless Cellphone Searches

The Supreme Court ruled that police generally must obtain a warrant before searching mobile devices after arresting someone.



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Edoardo Cignoli : Cliffs Natural to Idle Mine Amid Poor Market Conditions

Cliffs Natural Resources Inc. said it plans to temporarily idle operations at a West Virginia mining complex for up to six months.



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Edoardo Cignoli : Toyota Speeds Rollout of Fuel-Cell Cars

Toyota accelerated plans to introduce its first hydrogen-powered car, saying it would begin selling the sedan in Japan by next March at a price of about $70,000 with deliveries to Europe and the U.S. to follow.



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Edoardo Cignoli : AbbVie Sets Rationale for Shire Bid

Drug maker AbbVie Inc. continued its pursuit of Shire PLC Wednesday by laying out the rationale for its $46 billion takeover bid, which Shire rejected last week.



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Edoardo Cignoli : WPP Advertising Demand Rises

WPP PLC reported strong demand for advertising in the U.S. and U.K. in the first five months of the year, but said sales growth was held back by the strength of the U.K. pound.



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Chairman of Tongling Nonferrous's Death Called Suicide

The chairman of major Chinese state-owned copper producer Tongling Nonferrous Metals Group died on Tuesday after falling from a hotel, the company said.



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Iran Flying Spy Drones Over Iraq

Iranian drones have been conducting surveillance flights over Iraq as part of Tehran's efforts to provide intelligence and assistance to the Iraqi government, U.S. officials said



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China Aims Ease Tensions With Taiwanese

China's top cross-strait negotiator began a landmark visit in Taiwan Wednesday, aimed at forging ties with the Taiwanese people amid their growing skepticism toward Beijing.



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Sweden Ready to Back Juncker as EU Commission President

Sweden's prime minister said he is ready to back former Luxembourg prime minister Jean-Claude Juncker for the post of president of the European Commission.



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Taliban Launch Afghan Offensive

Taliban massing fighters in an attempt to seize ground from government forces as U.S. and international forces depart.



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Brazil's Total Credit Reaches 2.8 Trillion Reais

Total credit in the Brazilian economy reached 2.8 trillion Brazilian reais ($1.26 trillion) in May, the central bank said Wednesday.



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Potential BNP Penalty Alarms Europe Banks

The potential penalty of up to $9 billion on BNP Paribas is raising concerns at other European banks that the cost of settling U.S. probes of alleged sanctions violations could be higher than expected.



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Ukraine Accuses Rebels of More Attacks

Ukraine's foreign ministry cast further doubt on whether a shaky cease-fire with pro-Russian separatists would hold, accusing the rebels of continuing attacks on government forces and laying the blame on Russia for not reining them in.



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Jury Doesn't Reach Verdict in Coulson Bribery Count

A jury failed to reach verdicts in the last two counts of a long-running phone-hacking trial, leaving it to prosecutors to decide by next week whether to retry Andy Coulson for bribery.



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Vietnam Offers Aid to Foreign Companies Hit by Riots

Provincial governments in Vietnam have offered tax refunds and pushed for insurance payouts to foreign companies hit by last month's anti-China riots as Vietnam works to rebuild its image as an attractive manufacturing hub.



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Abe Unveils Japan's Growth Strategy

Japanese Prime Minister Shinzo Abe formally unveiled an ambitious package of economic reforms aimed at revitalizing corporate earning power and setting in motion structural changes to put the nation back on a clear growth path.



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Iraqi Leader Rejects Calls to Form New Government

Iraqi Prime Minister Nouri al-Maliki refused to bend to appeals from U.S. and other nations to form a less sectarian government to curb a swelling Sunni Muslim insurgency, saying they represent a coup.



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Gore Seeks Australian Climate Action

Former U.S. vice president and climate campaigner Al Gore made a surprise appearance in Australia to team up with mining billionaire and key lawmaker Clive Palmer to demand the Conservative government lower opposition to emissions trading.



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Losses in Iraq Spur U.S. to Rethink Syria

The Sunni militant advance in Iraq has increased pressure on President Obama to act more aggressively against a growing regional threat, according to current and former government officials.



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Edoardo Cignoli : General Mills to Cut More Costs

General Mills said it has begun new initiatives to scale back costs and boost its top line as the packaged-food maker posted a decline in its fiscal fourth-quarter sales.



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Edoardo Cignoli : Best Western Plans to Open 13 China Hotels

Best Western International is ramping up its presence in China as the country's growing middle class takes more leisure trips.



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Edoardo Cignoli : Retailers Look to Score in World Cup

European stores are using games, contests, giveaways and discounts in an attempt to generate a boost in sales during the soccer tournament.



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Edoardo Cignoli : Dubai's Nakheel to Repay Bank Debt

Nakheel, a large government-owned property developer in Dubai, plans to repay all its bank debt early using cash generated from sales amid a pickup in the Persian Gulf emirate's crisis-hit property market.



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Edoardo Cignoli : Record Profit at Hong Kong Airport

Hong Kong's airport authority said it recorded a record profit for the fiscal year as it looks to expand capacity to meet growing demand.



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Edoardo Cignoli : Batista's MMX Posts Net Loss

Brazilian iron ore company MMX Mineracao e Metalicos SA, part of onetime billionaire Eike Batista's collapsing business empire, posted a net loss in the first quarter on a drop in sales.



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Edoardo Cignoli : Different Fates for Ex-Editors in Hacking Trial

Two former senior News Corp editors met sharply different fates in the long-running phone-hacking case, as the jury cleared Rebekah Brooks of all charges but found Andy Coulson guilty of illegally intercepting voice-mail messages.



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Edoardo Cignoli : Etihad to Buy 49% Alitalia Stake

Etihad Airways confirmed it will buy 49% of Italy's troubled Alitalia in what is likely to be the Abu Dhabi airline's biggest investment in a foreign carrier to date.



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Edoardo Cignoli : Hon Hai in Talks to Make Smartphones for App Developer

Hon Hai Precision Industry Co. is in talks to make smartphones for a Chinese photo-editing application developer, as the key assembler of Apple Inc. products seeks to broaden its customer base.



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Edoardo Cignoli : BHP Passes on Potash Facility

BHP Billiton let an exclusivity agreement lapse that would have given it the right to develop a potash export facility in Washington state for its Canadian Jansen project.



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Edoardo Cignoli : BMW to Decide on New North American Plant Soon

The German luxury car maker will decide before Bavarian summer vacations whether to build a new plant in Mexico or the U.S., its chief executive said.



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Edoardo Cignoli : Basilea Suffers U.S. Setback

The Swiss drug company said the U.S. Food and Drug Administration requires more information about its ceftobiprole pneumonia drug.



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Edoardo Cignoli : U.K. Payday Lender Wonga Fined

Britain's biggest payday lender was slapped with a $4.4 million compensation bill for threatening late-paying customers with letters from law firms that didn't exist.



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Edoardo Cignoli : Treasury Wine Cools Fears

KKR is under pressure to raise its $2.86 billion bid for Treasury Wine Estates after the winemaker soothed investor fears of a profit warning.



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Bomb Blasts Hit Egypt Subway

Two people were injured as four minor explosions struck subway stations in Cairo, said officials.



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U.K. Poised to Sell First Islamic Bonds

The U.K. is poised to become the first Western nation to sell Islamic bonds. Bankers working on the sale say the five-year bond will likely price roughly in line with the U.K.'s gilt maturing July 2019, implying a yield of around 2.05%.



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Google Readies TV Set-Top Box

Google is to unveil a new television set-top box on Wednesday as it races Amazon.com, Apple and others to control digital content in the home.



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U.S.-China Investment Treaty a 'Top Priority'

U.S. Ambassador Max Baucus told business leaders in Beijing that reaching a deal on an investment treaty with China is among his top priorities.



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Treasury Wine Cools Fears

KKR is under pressure to raise its $2.86 billion bid for Treasury Wine Estates after the winemaker soothed investor fears of a profit warning.



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Edoardo Cignoli : Malaysia Airlines to Continue Discounting

Malaysian Airline System—still reeling from the loss of Flight 370 in March—plans to continue aggressive discounting to help fill seats on its planes, a senior company executive said Wednesday.



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Edoardo Cignoli : Galaxy Tab S Review: At Long Last, a Worthy Competitor to iPad

The Tab S's gorgeous screen, rail-thin design and long battery life make it the best tablet Samsung has ever made, writes columnist Joanna Stern.



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Edoardo Cignoli : Embraer Sees New U.S. Orders

The Brazilian plane maker said another wave of 70-seater regional jet orders is on the horizon and will help bridge production to a new plane family due from 2018.



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Edoardo Cignoli : Carnival Earnings Surge

Carnival said its earnings for the May quarter soared on improved revenue and a smaller-than-expected increase in costs.



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Edoardo Cignoli : Orbitz Operating Chief Resigns

Orbitz Worldwide Chief Operating Officer Chris Orton will resign from the company effective July 2 to join venture-backed online sports retailer Fanatics.



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Edoardo Cignoli : EBay Names Enterprise Business Lead

EBay hired former International Business Machines executive Craig Hayman to lead its enterprise business.



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Edoardo Cignoli : German Utility EnBW Books $2 Billion in Charges

EnBW Energie Baden-Württemberg said it has booked charges of $2.0 billion because of lowered expectations for power prices and unprofitable power-purchase contracts.



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Edoardo Cignoli : Suntory Picks Outsider for President

Suntory Holdings Ltd., the Japanese brewer and distiller, is breaking with a tradition of family management, naming an outsider president.



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60 Females, 31 Boys Abducted in Northeast Nigeria

Islamic extremists have abducted 60 more girls and women and 31 boys from villages in northeast Nigeria, witnesses said.



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EU Won't Increase Russia Sanctions

European Union leaders aren't expected to approve tougher sanctions against Russia when they meet in Brussels on Thursday and Friday, an EU official said.



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Coulson Guilty, Brooks Cleared in Phone-Hack Trial

A jury found Andy Coulson—an ex-spokesman for Britain's prime minister and a former News Corp editor—guilty of conspiracy to intercept voice-mail messages. Rebekah Brooks, a former News Corp executive, was cleared of all charges.



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Beirut Car Blast Kills Two

A bomb that exploded near an army checkpoint in south Beirut overnight killed both the man in the car carrying the bomb and a security officer who stopped the car, the Lebanese army said.



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Five Killed in Kenya Attack, Official Says

Men wielding machetes attacked a village on Kenya's coast, killing five people. A local official said he didn't believe the attack was related to recent militant violence.



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Canada to Host Free-Trade Zone Talks in Early July

Chief negotiators from the dozen countries aiming to create a free-trade zone spanning the Pacific Ocean will gather in Ottawa early next month in a bid to advance the talks toward a deal.



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Returning Cleric Targets Pakistan Government

Pakistan diverted an Emirates aircraft carrying populist cleric Tahir ul Qadri, sparking anger among his supporters and leading to a five-hour standoff.



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Albania Becomes Official Candidate to Join EU

Albania has become an official candidate to join the European Union, overcoming initial opposition from France and the U.K.



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Korea Prime Minister Designate Withdraws

South Korea's latest nominee for prime minister withdrew his name from consideration, dealing another blow to President Park Geun-hye's efforts to revamp her cabinet.



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Lawyer to Testify About IRS Emails

The Obama administration agreed to allow a White House lawyer to testify at a House hearing Tuesday about lost Internal Revenue Service emails, dropping its earlier objection.



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Edoardo Cignoli : Firms Get More Leeway to Block Investor Suits

The Supreme Court gave companies more room to challenge class-action lawsuits at the early stages of the litigation.



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In Asia, 1,600 Papier-Mâché Sculptures Bring Pandemonium

Pandas cause a stir on tour, pushing the French artist who designed them into the spotlight.



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Edoardo Cignoli : Coulson Guilty, Brooks Cleared in Phone-Hack Trial

A jury found Andy Coulson—an ex-spokesman for Britain's prime minister and a former News Corp editor—guilty of conspiracy to intercept voice-mail messages, but it cleared Rebekah Brooks, a former News Corp executive, of all charges.



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Edoardo Cignoli : Staples to Offer Price-Match Program

Staples said it would launch a price-match program in a move to lure back-to-school shoppers away from its competitors, particularly online giants like Amazon.com.



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Edoardo Cignoli : Navistar Adopts Tax-Asset Plan as Poison Pill Set to Expire

Navistar said its so-called poison pill will be replaced by a plan intended to protect the use of certain tax assets.



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Edoardo Cignoli : Vertex Says Late-Stage Cystic Fibrosis Treatment Studies Meet Endpoint

Vertex Pharmaceuticals said that an experimental treatment combined with its Kalydeco drug significantly improved lung function for a certain type of cystic fibrosis in a pair of Phase 3 studies.



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Edoardo Cignoli : Seiko Epson President Bets on Ink-Jet Revival

While other printer companies race to introduce 3-D printers, Seiko Epson says there is still opportunity in putting words and images onto paper.



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Vietnam, China Trade Accusations of Vessel-Ramming

Vietnam and China traded accusations that each had rammed a vessel owned by the other near a Chinese oil rig that has become a flash point in the South China Sea.



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New Search Zone for Missing Plane to Be Unveiled Thursday

Malaysia's defense minister said the new search area for the missing Malaysia Airlines Flight 370 would be unveiled Thursday.



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Edoardo Cignoli : Vivendi Boss Vows to Complete Media Makeover

Vivendi's incoming chairman Vincent Bolloré has vowed to complete the company's transformation into a pure-play media company.



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Edoardo Cignoli : Pioneer in Deal to Sell Audiovisual Business

Pioneer Corp. is selling most of its struggling audiovisual equipment business to Hong-Kong based investment fund Baring Private Equity Asia and rival Onkyo Corp. for an undisclosed sum, signaling another major pullback from consumer electronics.



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Edoardo Cignoli : Dubai's Arabtec Lays Off Staff

Dubai-listed construction giant Arabtec Holding has terminated a "limited number" of staff following the resignation last week of Chief Executive Officer Hasan Ismaik, the company said.



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Edoardo Cignoli : New Search Zone for Missing Plane to Be Unveiled Thursday

Malaysia's defense minister said the new search area for the missing Malaysia Airlines Flight 370 would be unveiled Thursday.



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Sunni Rebels Take Complete Control of Iraq's Largest Oil Refinery

Local tribal leaders negotiated with militants for the peaceful surrender of the remaining Iraqi soldiers trapped inside the Beiji oil refinery.



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BOE's Carney Sends Dovish Signal on Rates

Subdued wage growth in the U.K. suggests some spare capacity has yet to be used up before a rise in the benchmark interest rate is needed, BOE governor Mark Carney tells lawmakers.



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Edoardo Cignoli : Thomas Cook to Rent Airbus Military Refueling Plane

The AirTanker consortium that includes Airbus Group has signed up its first commercial customer for A330 refueling planes used by the U.K. military, as Thomas Cook Group said it plans to rent one of the jets for trans-Atlantic flights.



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Photos of the Day: June 22

In photos selected by Wall Street Journal editors Sunday, a beauty pageant winner celebrates in Arkansas, Russia's president attends a memorial ceremony in Moscow, music lovers convene in Marseille and an aerobatic team performs in Romania.



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Schumacher's Medical Notes Stolen

Medical documents purported to be those of retired Formula One racing champion Michael Schumacher have been stolen and are being offered for sale, a French police officer said.



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France's Far Right Fails to Form EU Group

Far-right lawmakers around France's National Front leader Marine Le Pen have failed to form an official group in the European Parliament in time for the legislature's opening session next week.



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U.N. Rejects Tasmania Forest Plea

Environmentalists scored a victory in their long battle to prevent timber companies from undertaking logging in some of Australia's most pristine forests.



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Syria Says Four Soldiers Died in Israeli Airstrikes

Syria said Monday that Israel violated its sovereignty Sunday and aided rebels by making airstrikes that killed four Syrian soldiers.



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Australia Warns of Islamic Militant Migration

Australia has warned of a "disturbingly large" migration of Islamic militants from at home and elsewhere to join the conflict in Iraq, and said it was urgently trying to increase regional counter-terrorism cooperation to guard against any future threat.



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Philippine President Backs Abe's Military Push

Philippine President Benigno Aquino III offered his endorsement of Japanese Prime Minister Shinzo Abe's move to lift restrictions on the nation's military as both nations grapple with what they view as China's increasing territorial assertiveness.



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Obama, Putin Discuss Ukraine

President Barack Obama spoke to Russian President Vladimir Putin, urging him to cut off aid to separatists and support a peaceful solution to the crisis in Ukraine, the White House said.



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Abe Unveils Japan's New Growth Strategy

Japanese Prime Minister Shinzo Abe formally unveiled an ambitious package of economic reforms Tuesday aimed at revitalizing corporate earning power and setting in motion structural changes to put the nation back on a clear growth path.



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U.S., Iraq Agree on Legal Protections for Military Advisers

U.S. officials announced that they had secured legal protections from Iraq's government for 300 American special-operations forces being sent to Iraq to advise the Iraqi military.



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German Business Confidence Falls

German business confidence decreased more than expected in June, amid concerns about the impact of crises both in Ukraine and Iraq.



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Edoardo Cignoli : KKR in Wind-Farm Deal with Spain's Acciona

KKR has bought a third of Spanish infrastructure group Acciona's international renewable-energy business for $563 million.



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Edoardo Cignoli : TSMC Doesn't See U.S. Expansion on Horizon

Taiwan Semiconductor Manufacturing Co. isn't keen on building another factory in the U.S. for now.



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Edoardo Cignoli : Chemring Names Flowers as CEO

Chemring named Michael Flowers as chief executive to pursue growth opportunities following the defense company's restructuring, replacing Mark Papworth who was in the job less than two years.



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VietJet Air Plane Lands at Wrong Airport

VietJet Air said that one of its domestic Vietnamese flights landed at the wrong airport last week and it is waiting for the results of an official inquiry into the incident.



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Korean Court Confirms Philippines Paternity

In an unprecedented decision that could unleash multiple paternity suits, a Seoul court confirmed the blood ties between a Korean father and his children born out of wedlock in the Philippines.



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John Kerry to Meet Kurdish Leaders

U.S. Secretary of State arrived in the capital of Kurdistan, where he will press for the quick formation of a new central government in Baghdad.



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At Least 81 Iraqis Killed in Sunni Rebel Attack on Convoy

The assault on the police convoy took place just 20 miles south of the center of Baghdad, as insurgents brought their campaign closer to the capital.



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India to Expand Watchdog's Oversight of Civilian Nuclear Program

India is ratifying an agreement with the International Atomic Energy Agency that would expand the nuclear watchdog's oversight of New Delhi's civilian nuclear program.



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Edoardo Cignoli : Andreessen Invests in Cybersecurity Firm

Venture-capital firm Andreessen Horowitz is investing $90 million in Tanium, a cybersecurity firm, placing a large bet on an unheralded tool for corporate-technology departments



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Edoardo Cignoli : The Gluten-Free Craze: Is It Healthy?

Gluten-free products are booming, but many experts say there is no proven benefit to going gluten-free except for a small sliver of the population whose bodies can't process the protein.



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Edoardo Cignoli : American Apparel Hires Adviser

American Apparel Inc. said it hired advisory firm Peter J. Solomon Co. to assure future access to capital at a reasonable cost.



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Edoardo Cignoli : High Court Rejects New Jersey's Sports Wagering Bid

New Jersey's hopes for legalizing sports gambling fizzled when the Supreme Court said it wouldn't consider Gov. Chris Christie's bid to revive the state's sports wagering law.



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Edoardo Cignoli : EU Tells Ireland to Keep Budget Tight

The European Union warned the Irish government to resist political pressure and stick to tough austerity plans, in a report that broadly praised the progress the country has made in emerging from its banking debt crisis.



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Edoardo Cignoli : Schulman Names Rzepka CEO; Gingo to Retire

A. Schulman Inc. said Chief Executive Joseph M. Gingo will retire at the end of the year and its board named Bernard Rzepka to take over.



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Edoardo Cignoli : DOJ Won't End Scammer Payment Probes

The Justice Department won't back down from investigating financial firms that handle payments for alleged scam artists.



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Edoardo Cignoli : High Court Gives Companies More Room to Challenge Class Actions

Striking a middle ground in realm of securities-fraud lawsuits, the Supreme Court gave companies more room to challenge class-action lawsuits at the early stages of the litigation.



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Sudan to Free Woman on Death Row for Apostasy

A Sudanese woman on death row for apostasy had her sentence canceled and was ordered to be released by a Khartoum court, the country's official news agency reported.



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Chinese Paper Calls Hong Kong Poll a Joke

A newspaper backed by the Chinese Communist Party ridiculed a pro-democracy initiative to gauge Hong Kong residents' views on elections in an unofficial referendum.



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Another Whirl for Japan's License to Dance

Osaka club owner Masatoshi Kanemitsu says he spent 22 days in detention in 2012 for allowing his patrons to dance. Japan is now looking at amending a 1948 law requiring a special license for dance halls.



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Syria Cleared of Chemical Weapons

All the dangerous chemicals from Syria's chemical weapons program have now been removed from the country.



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Edoardo Cignoli : Shire, AbbVie Set Out New Targets

Shire and AbbVie separately set out new financial targets to investors following U.K.-listed Shire's rejection of $46 billion takeover advance from its U.S. rival.



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Edoardo Cignoli : Six Flags to Build Theme Parks in China

Six Flags and real-estate developer Riverside Investment are forming a partnership to build multiple Six Flags-branded theme parks in China over the next decade.



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Edoardo Cignoli : Eaton in $500 Million Settlement Pact

Eaton has agreed to pay ZF Meritor $500 million to settle an antitrust lawsuit ahead of a trial to determine damages in the case.



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Edoardo Cignoli : Oracle Agrees to Buy Micros Systems

Oracle agreed to buy Micros Systems for about $5.3 billion in its biggest deal since acquiring Sun Microsystems in 2010.



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Edoardo Cignoli : Seiko Epson President Bets on Ink-Jet Revival

While other printer companies race to introduce 3-D printers, Seiko Epson says there is still opportunity in putting words and images onto paper.



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Edoardo Cignoli : Allergan Rejects Unsolicited Exchange Offer from Valeant

Allergan again rebuffed advances from Valeant Pharmaceuticals, saying that its board has unanimously determined that the unsolicited exchange offer to buy the Botox maker is "grossly inadequate."



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Edoardo Cignoli : Corinthian Colleges, U.S. Reach Deal

Corinthian Colleges said Monday that it had reached a short-term deal with the U.S. to keep operating until the for-profit educator and regulators complete a transition plan.



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Edoardo Cignoli : William Lyon Homes to Buy Polygon, Expand Footprint

William Lyon Homes said Monday it would purchase the residential home-building operations of Polygon Northwest Co. LLC for $520 million in cash, a deal Lyon expects to add to its earnings.



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Edoardo Cignoli : India to Raise Import Tariff on Sugar to 40%

India, the world's biggest consumer of sugar, will more than double its import duty on the commodity to 40%, hoping to slow the flow of inexpensive imports into its market.



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Kerry in Baghdad for Meeting With Prime Minister

U.S. Secretary of State John Kerry arrived unannounced in Baghdad with the aim of building unity with the Iraqi government on the threat posed by Islamist militants



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Enjoy the Moment, Amigos

A European soccer elitist reflects on the impressive World Cup performance so far by teams from the Americas.



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Wimbledon: Feel the Pain

Slips, falls, twisted ankles and achy backs will ensue when Wimbledon begins next week. The reason: Players seldom play on grass anymore.



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EU Ready to Increase Sanctions on Russia, Foreign Ministers Say

The European Union is ready to increase sanctions pressure on Russia if Moscow doesn't take the opportunity created by Ukraine's cease-fire plan, foreign ministers said Monday.



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Egypt Convicts Three Al Jazeera Journalists

An Egyptian court sentenced three journalists from the Al Jazeera news network to between seven and 10 years in prison on charges that they manipulated footage to tarnish Egypt's image.



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EU Hits 12 Syrian Ministers With Sanctions

The European Union announced fresh sanctions on 12 Syrian government ministers, accusing the officials of responsibility for "serious human rights violations."



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Abenomics 2.0: Bold Goals, Modest Proposals

Japan's Prime Minister Shinzo Abe is crafting reforms to alter long-standing economic traditions. But his ambitious goals are backed by modest proposals that only chip at the edges of growth barriers.



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Former Chinese Official Faces Bribery Charges

China's top prosecutor said it has indicted a former senior official at the country's economic-planning agency on charges of taking bribes.



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Edoardo Cignoli : Honda, Nissan Recall 2.8 Million Vehicles

Three Japanese car makers said Monday they were recalling nearly 3 million more cars equipped with potentially faulty air bags from parts supplier Takata Corp., bringing the total number of vehicles affected by the bags to nearly 10 million.



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Edoardo Cignoli : Wisconsin Energy to Buy Integrys for $5.71 Billion

Wisconsin Energy Corp. made a move to expand into other Midwestern markets, striking a deal to buy Integrys Energy Group Inc. for $5.71 billion in cash and stock.



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Edoardo Cignoli : SNC-Lavalin to Buy Kentz Corp. for C$2.1 Billion

SNC-Lavalin Group Inc. said it has agreed to buy U.K.-listed engineering energy-service firm Kentz Corp. for about 2.1 billion Canadian dollars.



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Edoardo Cignoli : Chinese Firm Resolves Dispute About 'Transformers' Movie

A Chinese company said it resolved its dispute with Paramount Pictures over the film "Transformers: Age of Extinction."



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Edoardo Cignoli : Harbinger Bids for Lawn, Pet Company

Harbinger Group, the holding company headed by hedge-fund titan Philip Falcone, made on Monday an unsolicited offer to acquire Central Garden & Pet Co. for $10 a share.



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Edoardo Cignoli : China's Fosun to Invest in Studio 8

Former Warner Bros. film chief Jeff Robinov has found a new Chinese investor for his planned independent studio, just days after word emerged that a planned deal with Huayi Brothers Media Corp. is on hold.



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