What’s News
High-Profile Private Investors Take Hit on Theranos
Blood-testing company got much of its funding from high-profile private investors who weren’t part of the ecosystem that typically backs startups and could see their stakes wiped out. 135
U.S. GDP Growth Revised Up to Strongest Expansion in Two Years
U.S. economic growth last quarter was stronger than initially thought and corporate profits rose, signs of continued health in the world’s largest economy.
Italian Banks’ Future Hangs on Sunday’s Referendum
Italy votes on a constitutional referendum on Sunday. A ‘no’ vote could derail Banca Monte dei Paschi’s rescue plan, which in turn could complicate Italy’s efforts to clean up its banking sector.
Saudi Arabia Faces Cuts Dilemma Ahead of OPEC Meeting
Saudi Arabia enters the final day of negotiations before a crucial OPEC meeting with a stark choice: Take on the lion’s share of oil-output cuts, or walk away from a deal if other producers won’t help.
Potential Conflicts of Interest Hang Over Jared Kushner, Trump’s Son-in-Law
The company controlled by Jared Kushner, Trump’s son-in-law, has hundreds of millions of dollars in loans from domestic and foreign banks that could draw conflict-of-interest scrutiny. 291
Trump Chooses Tom Price as Health Secretary
Donald Trump has picked Tom Price as health secretary, putting the Georgia congressman in charge of an agency that will likely dismantle the Affordable Care Act. 340
China Looks to Loosen Job Security Law in Face of Slowing Growth
China is preparing to roll back some job-security protections for workers to keep companies afloat as growth slows. But weaker laws may exacerbate social unrest that is already swelling as factories close.
Advances in 3-D printing are allowing designers to study objects found in nature and use those principles to build products with optimal shape and strength with the least amount of waste.
Metal 3-D Printing Allows Manufacturers to Take a Page From Mother Nature
Leaps forward in computing power, imaging and metal 3-D printing technology are allowing engineers like never before to develop products based on designs in nature. Big manufacturers are taking notice.
Nissan Revs Up Plans for the Connected Car
Nissan Motor said it planned to accelerate the penetration of internet-connected vehicles by offering a connection device to existing customers in Japan and India.
Tiffany & Co. Sales Increase
Tiffany & Co. reported a surprise increase in sales in the latest quarter thanks to growth in some international markets, aided by currency effects, and the jewelry seller said same-store sales fell less than feared.
Uber’s ‘Not a Taxi Company’ Defense on Trial in EU
The stakes couldn’t be much higher as the company fights being regulated as a transportation provider in the European Court of Justice, its business model effectively on trial.
For Japan, a Weak Yen May Be Overvalued
The U.S. dollar’s recent surge against most global currencies ought to be good news for the big manufacturing nations of Asia—but the relationship between currencies, trade and economic health isn’t as simple as it used to be.
Heard on the Street
Rising Rates Could Be a Chinese Phenomenon, Too
With inflation reviving in China, authorities may have no choice but to stand aside in the face of rising bond yields
Cash-Starved Zimbabweans Trade Dollars for Dollars—at Fluctuating Rates
In Zimbabwe, a U.S. dollar is no longer worth a U.S. dollar. A severe dollar shortage in this Southern African country has led to varying, and unprecedented, dollar-for-dollar exchange rates.
Heard on the Street
AT&T Blinks on Price War
DirecTV Now, which AT&T unveiled Monday, won’t threaten cable as much as initially feared.
Management
Going Far Afield, Yet Staying on the Job
The Remote Year program that plucks employees from their work environment and sends them on a round-the-world trip, as they work remotely for jobs based thousands of miles away.
World
Cubans Begin a Week of Mourning Castro
People began lining up at Revolution Square in the heart of Havana to say farewell to Fidel Castro, the all-powerful strongman who challenged the U.S. and shaped every facet of life for his compatriots.
South Africa’s Zuma Survives ANC Challenge
President Jacob Zuma survived a rebellion in his own African National Congress, his spokesman said, after discussions over his future in the party’s top decision-making panel dragged on for three days.
Texans Hope Trump’s Nafta Rhetoric Is Just Talk
Texas has much to lose if the Nafta free-trade deal is changed significantly, and business owners in the state are hoping President-elect Donald Trump won’t carry out his threats to revamp the agreement. 164
U.S. Students Score Higher Than Average on International Math Test
American students in fourth- and eighth-grade scored higher than average in math and science in international exam results released Tuesday, but they lag their peers in East Asian countries.
Ohio State Says Student Carried Out Attack
At least 11 people were injured Monday at Ohio State University after a student allegedly jumped a curb in a motor vehicle, then slashed pedestrians with a butcher knife before he was shot and killed. 1734
Texas Officials Announce First Locally Transmitted Zika Case
Texas health officials announced the state’s first case of Zika transmitted by a local mosquito—a woman in Cameron County, located in the southern part of the state on the Mexican border.
Video
After Brexit and Trump, Is Italy Next? An Explainer
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Looted Nazi Artwork Returned To French Owner’s Heirs
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Syrian Regime Seizes Key Rebel Territory in Aleppo
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Photos
WSJ. Magazine
For Resort Looks, There’s a New Kind of Lady in Town
Reimagine traditional layering with lace, florals and ruffles in oversize cuts that lend unconventional polish.
In 2004, the White House portraits of George and Martha Washington were reframed and rehung.
Art-World Insiders Speculate About a Trump White House
President-elect Donald Trump’s ‘brand’ is synonymous with flashy buildings and luxurious flourishes—an aesthetic that seems unlikely to prevail in the White House.
A visitor looks at Henri Matisse’s ‘Red Room (Harmony in Red)’ (1908) in ‘Icons of Modern Art: The Shchukin Collection’ at the Louis Vuitton Foundation, Paris.