Economy & Markets

Bet on UniCredit for Europe's Banking Recovery

      By Paul J. Davies Paul J. Davies The Wall Street Journal Biography @PaulJDavies paul.davies@wsj.com December 11, 2017 0 COMMENTS The threat of higher capital charges isn’t over for European banks, but Italy’s biggest lender can take this in its stride. Europe’s lenders got a good result in the end from the long battle to tighten global capital rules...Read More

Toshiba and Western Digital Should Gain From Burying the Hatchet

     Toshiba and Western Digital have finally realized it is better to have an ally than an enemy in the competitive memory-chip industry. The two companies, which own a joint venture that produces NAND flash-memory chips used to store data, have agreed to settle their dispute over Toshiba’s planned $18 billion sale of its memory-chip unit, according to The Wall Stre...Read More

The Fed Versus Tax Cuts

      Federal Reserve Chair nominee Jerome Powell testifies before the Senate Banking Committee last month. Photo: Ron Sachs/Zuma Press By Justin Lahart Justin Lahart The Wall Street Journal Biography @jdlahart Google+ Justin.Lahart@wsj.com Dec. 12, 2017 9:25 a.m. ET 0 COMMENTS The Republican tax plan has been driving the market. The Federal Reserve could be next behind th...Read More

Why Westfield's Storied Shopping Mall Family Is Selling Out

     An octogenarian Australian billionaire wants to sell a chunk of his key U.S. and European assets, as technology upends their future. The company is currently headed by two of his children as co-chief executives, but now they seem to want to go separate ways. This isn’t the story of Rupert Murdoch’s talks to sell 21st Century Fox to Disney, but that of Fran...Read More

Will Media Deal Making Dethrone Netflix?

      Netflix has won gains as television viewers increasingly are cutting the cord in favor of streaming content online or on mobile devices. Recent deal making among media providers, however, may challenge the streaming company’s success. Photo: Daniel Acker/Bloomberg News By Elizabeth Winkler Dec. 10, 2017 10:00 a.m. ET 0 COMMENTS The biggest winner in the battle ...Read More

China's Clean Energy Future Has a $1.2 Trillion Problem

      By Nathaniel Taplin Nathaniel Taplin The Wall Street Journal Biography nathaniel.taplin@wsj.com Dec. 11, 2017 5:12 a.m. ET 2 COMMENTS In the West, bad children get coal in their Christmas stockings. In China, everyone gets coal, as consumption peaks during the winter-heating season. Its leaders want to change this. In line with President Xi Jinping’s recent cal...Read More

Europe's Healing Starts and Ends with Greece

      By Richard Barley Richard Barley The Wall Street Journal Biography @RichardBarley1 Richard.Barley@wsj.com Dec. 11, 2017 11:27 a.m. ET 1 COMMENTS Greece, the place where Europe’s sovereign-debt crisis first emerged, finally looks like it could escape its bailout years. Yield-hungry bond investors are smartly going along for the ride. Greece’s third bailout...Read More

Despite Mergers, Hospitals Are in Serious Condition

      By Charley Grant Charley Grant The Wall Street Journal Biography @CGrantWSJ charles.grant@wsj.com Dec. 11, 2017 1:41 p.m. ET 5 COMMENTS American hospitals have a target on their backs. The latest merger talk is an attempt to rally their strength, but industry payers’ battle against high health-care costs shows no sign of letting up. Two major nonprofit hospital...Read More

Stop Talking About Bitcoin's Market Cap

      The virtual currency bitcoin continues surging to new highs as a frenzy of investors get in on the action. WSJ’s Paul Vigna explains what you need to know, and how to invest should you want to join the mania. Photo: Alexander Hotz/The Wall Street Journal. By Aaron Back Aaron Back The Wall Street Journal Biography @AaronBack Dec. 11, 2017 1:07 p.m. ET 34 COMMENT...Read More

Another Sign of Frothy Markets: Blank-Check Boom

      By Paul J. Davies Paul J. Davies The Wall Street Journal Biography @PaulJDavies paul.davies@wsj.com Updated Dec. 11, 2017 7:54 a.m. ET 5 COMMENTS Would you invest in a company that couldn’t tell you what its business was going to be? Some would, in fact they are doing so in record amounts. Blank-check companies, otherwise known as special purpose acquisition co...Read More

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