One of Wall Street's quant pioneers, Robert C. Jones, is changing his tune?somewhat. The answer to improving the computer-driven stock-trading model is to weave in research from analysts, but to leave out the biases and emotions that can creep into final trading decisions.
Asian markets climbed ahead of Wednesday's European Union summit, where leaders are expected to discuss measures to promote growth and ways to keep Greece in the euro zone. The Nikkei was up 0.9%.
The Federal Deposit Insurance Corp. is suing several big banks over soured mortgage securities that were purchased by failed lenders the regulator seized in 2009.
One of Silicon Valley's best-known investors, Michael Moritz of Sequoia Capital, is stepping back from managing the venture-capital firm to deal with an "incurable" medical condition.
Prosecutors told jurors that former Goldman Sachs director Rajat Gupta repeatedly broke the law by leaking inside information to a close friend and business partner, while his defense lawyer blasted a criminal case he said was based on guesswork.
Former MF Global Chief Executive Jon S. Corzine received more than $8 million in cash and stock options in the months leading up to the brokerage's collapse.
Best Buy Co. hired recruiting firm Spencer Stuart to run its search for a new chief executive, citing the firm's experience with retail and digital companies.
Barclays said that it intends to sell its $6.1 billion stake in BlackRock, as the U.K. lender seeks to redeploy cash to boost its profitability and offset the effects of impending regulation.
Eaton agreed to buy electrical-equipment supplier Cooper Industries in an $11.8 billion cash-and-stock deal that would significantly expand Eaton's power management business.
Lowe's fiscal first-quarter earnings rose 14% on a calendar shift and unusually warm weather but the retailer slightly lowered its full-year earnings outlook and warned that weather might have pulled sales forward.
Scott Thompson has stepped down from the board of data-analysis provider Splunk, his second such departure in the past week since resigning as Yahoo's chief executive.
Yahoo struck a deal to sell up to half of its stake in Alibaba Group back to the Chinese company for $7.1 billion, finally succeeding after multiple attempts to wind down a seven-year relationship that had soured.
MetLife, Manulife Financial, AIA Group and Korea Life Insurance are all bidding in ING Groep's auction of its Asian life-insurance arm, pitting higher-valued Asian insurers against their North American peers.
Campbell's profit fell 5.4% as soup sales dropped 3% in the U.S. Continued weakness in soup was offset with better results in the quarter from the V8 juice brand and Pepperidge Farm's Goldfish Crackers and in Canada.
Facebook shares skidded on their second day on the stock market, leaving some investors in the red and raising questions about whether the company and its lead banker, Morgan Stanley, botched the deal.
The rise of Internet-connected smartphones and advances in display-projection technology are accelerating the development of devices that overlay digital images atop a person's view of the physical world.
European antitrust regulators identified four areas of concern about Google's business practices, but gave the U.S. Internet giant the opportunity to offer concessions to settle the case.
Eaton agreed to buy electrical-equipment supplier Cooper Industries in an $11.8 billion cash-and-stock deal that would significantly expand Eaton's power management business.
Alibaba's deal to buy back part of Yahoo's stake gives the Chinese company the control it seeks to grapple with mounting domestic competition and logistical challenges in e-commerce.
Kodak suffered a setback in a patent suit against Apple and BlackBerry maker RIM, dealing a blow to the one-time film giant's efforts to raise billions of dollars by selling off its intellectual property.
Shareholders in Simon Property rejected an eight-year compensation package awarded to Chief Executive David Simon, which included an annual base salary of $1.25 million and stock awards valued at $132 million over the eight-year term.
Companies are shutting Australian coal mines and questioning whether they should continue with billions of dollars of investments?squeezed between falling prices and rising costs.
One of Silicon Valley's best-known investors, Michael Moritz of Sequoia Capital, is stepping back from managing the venture-capital firm to deal with an "incurable" medical condition.
Billionaire investor Carl Icahn will replace the last two incumbent directors on CVR Energy's board with his own nominees after winning added support from the petroleum-refining company's shareholders.
Best Buy Co. hired recruiting firm Spencer Stuart to run its search for a new chief executive, citing the firm's experience with retail and digital companies.
A federal court in Manhattan dismissed one of the legal complaints?of unfair competition?filed by TV broadcasters against online video start-up Aereo, leaving a copyright-infringement claim still to be heard.
One of Wall Street's quant pioneers, Robert C. Jones, is changing his tune?somewhat. The answer to improving the computer-driven stock-trading model is to weave in research from analysts, but to leave out the biases and emotions that can creep into final trading decisions.
Houghton Mifflin filed for bankruptcy-court protection after striking a deal with its creditors to eliminate more than $3 billion in debt from its balance sheets.
MetLife, Manulife Financial, AIA Group and Korea Life Insurance are all bidding in ING Groep's auction of its Asian life-insurance arm, pitting higher-valued Asian insurers against their North American peers.
Campbell's profit fell 5.4% as soup sales dropped 3% in the U.S. Continued weakness in soup was offset with better results in the quarter from the V8 juice brand and Pepperidge Farm's Goldfish Crackers and in Canada.
Scott Thompson has stepped down from the board of data-analysis provider Splunk, his second such departure in the past week since resigning as Yahoo's chief executive.
Lowe's fiscal first-quarter earnings rose 14% on a calendar shift and unusually warm weather but the retailer slightly lowered its full-year earnings outlook and warned that weather might have pulled sales forward.
Barclays said that it intends to sell its $6.1 billion stake in BlackRock, as the U.K. lender seeks to redeploy cash to boost its profitability and offset the effects of impending regulation.
Space Exploration Technologies, reacting quickly to an aborted mission to the international space station, intends to launch again after swapping out a faulty part.
As investors struggle to assess the health of embattled natural-gas producer Chesapeake Energy Corp., some say they are facing an obstacle: the company's accounting.
An extended dry spell in India's main coffee growing regions has promoted the spread of a crop pest, which is threatening next marketing year's output.
The European Continent's financial system remains vulnerable to the prospect that stampedes of customers could yank their deposits from institutions perceived as shaky.
Prosecutors questioned several people in connection to a bombing outside a school in southern Italy that killed a 16-year-old girl and has raised public fears that the country could again fall victim to extremist violence.
Spain's government advanced plans to restore confidence in the strength of the country's financial system, while confirming the economy continued to shrink.
Pressure mounted on Germany to soften its opposition to growth-promotion efforts at the G-8 summit, as momentum gathered for an idea that Berlin has long resisted?the issuing of common bonds by euro-zone governments.
Lockerbie bomber Abdel Baset al-Megrahi died, his brother said?nearly three years after the Scottish government discharged him from prison on the grounds that he had about three months to live.
European Union officials reacted cautiously to Sunday's election of a populist president in Serbia, urging the Balkan nation's new leader not to deviate from the path of reconciliation and transformation required to eventually join the regional bloc.
Serbia's populist presidential challenger Tomislav Nikolic scored an upset election victory over the Balkan nation's pro-Western incumbent, as voters opted for change.
European antitrust regulators identified four areas of concern about Google's business practices, but gave the U.S. Internet giant the opportunity to offer concessions to settle the case.
Italy's technocratic Prime Minister Mario Monti said Europe and Greece will find a solution that will protect the euro zone and potentially keep Greece in the monetary union.
Ryanair warned earnings will fall sharply this year as it becomes harder to offset high fuel costs with fare increases, as the carrier posted a better-than-expected 50% jump in profit.
Greece's conservatives, who support the country's international bailout program, are drawing level in opinion polls with left-wing anti-austerity party Syriza, suggesting the June 17 election is wide open.
Greece shouldn't expect international lenders to back down with significant concessions to the austerity plan it agreed on earlier this year, José Manuel Barroso, head of the European Union executive, said after the G-8 summit.
Europe has begun to prepare for a possible Greek exit from the euro zone ahead of elections next month that are fast becoming a referendum on the country's membership in the common currency.
The two main contenders in Serbia's presidential election appear to agree on the need for closer ties to the European Union, but other differences could make it harder to tackle serious economic problems.
The European Bank for Reconstruction and Development chose the U.K.'s Suma Chakrabarti to become its new president?a rare setback for the French and German governments, which had backed another candidate.
Jittery U.K. customers of one of Spain's biggest lenders pulled out funds on Friday, and bad debts held by Spanish banks rose to a 17-year high, underscoring the challenges facing the country's financial sector.
Alexis Tsipras, head of Greece's radical left party, said in an interview with the Journal that there is little chance Europe will cut off funding to the country and if it does, Greece will repudiate its debts.
Roberto Di Matteo, Chelsea's interim manager, coached the club to an improbable Champions League title this weekend. Why hasn't he been hired on a permanent basis?
Facebook shares skidded on their second day on the stock market, leaving some investors in the red and raising questions about whether the company and its lead banker, Morgan Stanley, botched the deal.
Alibaba's deal to buy back part of Yahoo's stake gives the Chinese company the control it seeks to grapple with mounting domestic competition and logistical challenges in e-commerce.
Scientists are developing more ways to diagnose Alzheimer's in the early stages. But with no way to prevent or cure the disease, do patients really want to know?
Manufacturers are returning some production to the U.S. from abroad. But the experience of Whirlpool and scores of other companies shows the moves aren't creating a huge number of jobs.
The rise of Internet-connected smartphones and advances in display-projection technology are accelerating the development of devices that overlay digital images atop a person's view of the physical world.
As Facebook begins life as a public company, it is confronting heightened concern about its business. One of the biggest question marks is its mobile strategy.
Qantas Airways has split its struggling international flights operation into a separate business unit, as part of a wider restructure that includes the departure of long-standing Jetstar chief Bruce Buchanan.
Asian markets climbed ahead of Wednesday's European Union summit, where leaders are expected to discuss measures to promote growth and ways to keep Greece in the euro zone. The Nikkei was up 1%.
Sony and Panasonic are considering putting their long-standing rivalry aside as they battle hefty losses, dwindling domestic demand and the global dominance of Samsung Electronics.
Formula One Group, the motor-racing franchise owned by private-equity firm CVC Capital Partners, has received the go-ahead from the Singapore Exchange for a $2.5 billion initial public offering.
Touchscreen devices like iPads are much loved by little tykes. But parents worry about how it may effect their development. Is it better or worse than television?
MetLife, Manulife Financial, AIA Group and Korea Life Insurance are all bidding in ING Groep's auction of its Asian life-insurance arm, pitting higher-valued Asian insurers against their North American peers.
China's imports of Iranian crude oil recovered in April after sharp drops earlier this year, suggesting Beijing remains a steady customer despite U.S. efforts to tighten sanctions on Tehran.
Shareholders in Simon Property rejected an eight-year compensation package awarded to Chief Executive David Simon, which included an annual base salary of $1.25 million and stock awards valued at $132 million over the eight-year term.
Chief executives increasingly are being paid based on their companies' financial results and share prices, according to a Wall Street Journal analysis.
Eaton agreed to buy electrical-equipment supplier Cooper Industries in an $11.8 billion cash-and-stock deal that would significantly expand Eaton's power management business.
Jackie Chan says that he's finished making action movies. Chan, who is one of the biggest stars in the world, has decided "Chinese Zodiac" will be his last fighting flick. The Hong Kong-born actor says many don't believe his decision.
Leaders of the NATO Monday signed off on a plan to give Afghan forces the lead in combat operations next year, setting the stage for winding down the war in 2014.
In a rare case of publicly strained diplomatic relations between the two allies, China's state media said North Korea's government was behind the detention of the Chinese fishermen released Sunday.
Stanley Furniture is an oddity in an industry moving production abroad: it shifted its baby crib manufacturing back to the U.S. from China, capitalizing on Americans' willingness to pay more for perceived safety.
The legal team of former Japanese professional baseball player Kouichi Taniguchi hit a home run at the U.S. Supreme Court, as a dictionary-wielding Justice Samuel Alito ruled for a 6-3 majority that Mr. Taniguchi's interpretation of the word "interpreter" was correct.
Yang Rui, host of the China Central Television current affairs interview show Dialogue, responds to the controversy surrounding a message he posted online last week about the effort by Beijing authorities to root out foreigners illegally living and working in the Chinese capital.
U.S. tensions with Pakistan complicated the opening day of a NATO summit, hosted by President Obama in Chicago and where allies gathered to solidify a strategy for ending the war in Afghanistan.
Haiti's police raided several makeshift barracks around the country that had been taken over by former members of the country's disbanded army, quelling a four-month-old standoff.
Months after a high-speed system was supposed to be connected, the government never mentions the cable anymore, and Internet remains the slowest in the hemisphere.
Leaders of the NATO Monday signed off on a plan to give Afghan forces the lead in combat operations next year, setting the stage for winding down the war in 2014.
In a rare case of publicly strained diplomatic relations between the two allies, China's state media said North Korea's government was behind the detention of the Chinese fishermen released Sunday.
President Jacob Zuma is seeking to block a local art gallery from displaying a painting that depicts him in a state of overexposure, adding fuel to a debate over whether South Africa's ruling party is trying to curb political freedoms.
The two estranged Palestinian political parties, Hamas and Fatah, met in Gaza on Monday to discuss implementing a deal reached a day earlier to establish a unity government by June and to hold elections within six months.
The founder of a Kremlin youth group notorious for harassing Western diplomats and opposition figures announced Monday he is forming a "Party of Power" to shore up support for President Vladimir Putin, whose own political party dominates parliament but is deeply unpopular.
European Union officials reacted cautiously to Sunday's election of a populist president in Serbia, urging the Balkan nation's new leader not to deviate from the path of reconciliation and transformation required to eventually join the regional bloc.
French President François Hollande on Monday said he isn't seeking confrontation at a European Union summit this week, at a time when France and Germany remain staunchly divided over the best way to resolve the euro zone's sovereign-debt crisis.
Zimbabwe's justice minister rejected allegations that the country has state-sponsored violence and he vowed not to recognize gay rights after meeting with the U.N. human-rights chief.
French prosecutors have launched a preliminary investigation into accusations that former IMF chief Dominique Strauss-Kahn took part in a gang rape in the U.S. in 2010.
Russian President Vladimir Putin signed off on a new cabinet, retaining loyalists in most key positions and leaving little hope that he will embark on political and economic reforms.
Sri Lanka's former army chief, who was imprisoned after losing an election to President Mahinda Rajapaksa, was released from prison to thousands of cheering supporters.
Malaysian opposition leader Anwar Ibrahim and one of his senior allies have been summoned to court to face charges of participating in an illegal protest.
China's imports of Iranian crude oil recovered in April after sharp drops earlier this year, suggesting Beijing remains a steady customer despite U.S. efforts to tighten sanctions on Tehran.
Three climbers who scaled Mount Everest died on their descent and two went missing during a crowded weekend on the Himalayan peak, raising concerns about congested trails and poor conditions near the summit.
Alibaba's deal to buy back part of Yahoo's stake gives the Chinese company the control it seeks to grapple with mounting domestic competition and logistical challenges in e-commerce.
Companies are shutting Australian coal mines and questioning whether they should continue with billions of dollars of investments?squeezed between falling prices and rising costs.
Stanley Furniture is an oddity in an industry moving production abroad: it shifted its baby crib manufacturing back to the U.S. from China, capitalizing on Americans' willingness to pay more for perceived safety.
Spain's government advanced plans to restore confidence in the strength of the country's financial system, while confirming the economy continued to shrink.
The head of Greece's radical left party travelled to Paris to consolidate support from political allies for rejecting the terms of the country's bailout package.
The euro crisis is bad enough, but its rapidly growing lexicon is ugly, too. Some gruesome word-mashes have emerged to describe the events in Greece and the rest of the region.
Manufacturers are returning some production to the U.S. from abroad. But the experience of Whirlpool and scores of other companies shows the moves aren't creating a huge number of jobs.
The euro crisis is bad enough, but its rapidly growing lexicon is ugly, too. Some gruesome word-mashes have emerged to describe the events in Greece and the rest of the region.
Natural-gas prices have increased as much as 44% since sinking to decade lows last month. But the higher prices are making coal competitive once again.
Some liberal-arts schools are beginning to make career development a mission-critical aspect of the college experience, with everything from ramped-up career services to academic programs emphasizing real-world applications.
Spain's government advanced plans to restore confidence in the strength of the country's financial system, while confirming the economy continued to shrink.
Pressure mounted on Germany to soften its opposition to growth-promotion efforts at the G-8 summit, as momentum gathered for an idea that Berlin has long resisted?the issuing of common bonds by euro-zone governments.
By copying practices at a modern Belgian mill, U.S. workers are learning to make the same amount of steel with nearly half the people employed three decades ago.
Chinese Premier Wen Jiabao declared that policies meant to prevent a rapid economic slowdown must be applied decisively, suggesting that Beijing is leaving the door open for more-aggressive measures.
The Queensland government withdrew its support for a $9 billion coal-port expansion in the northern part of the state, in a sign Australia's resources boom is losing steam.
Europe has begun to prepare for a possible Greek exit from the euro zone ahead of elections next month that are fast becoming a referendum on the country's membership in the common currency.
Jittery U.K. customers of one of Spain's biggest lenders pulled out funds on Friday, and bad debts held by Spanish banks rose to a 17-year high, underscoring the challenges facing the country's financial sector.
Spain's government said 16 of the country's 17 regions are on track to meet this year's budget targets, a key part of its efforts to slash a towering budget deficit and ward off an international bailout.
The number of U.S. workers filing new applications for unemployment benefits was essentially flat last week, suggesting that the recently volatile labor market is stabilizing.
Mongolia's parliament approved a new investment law Thursday that caps future foreign participation in certain strategic industries, reflecting a growing public push to keep profits from the mineral-rich nation's industries inside the country.
Returning to a national currency after more than a decade of using the euro and having its money managed by the ECB would catapult Greece into a financial, legal and political no-man's land.
Japan's economy grew an annualized 4.1% in the quarter ended in March, as resurgent domestic demand and government spending helped fuel recovery from last year's natural disasters and supply disruptions that depressed growth.
Mexico's economy expanded 4.6% in the first quarter, growing above expectations on higher industrial output and agricultural production as well as continued strength in domestic demand.
The president said rival Mitt Romney's background running a private-equity firm is a poor qualification for the White House because being president involves more than the ability to "maximize profits."
Steve Roche, a former Romney aide, helped to raise about $55.8 million from a relatively small group of Romney supporters for the political action committee, called Restore Our Future.
President Obama doesn't often dwell on similarities to his predecessor, but his re-election challenge this year is starting to look an awful lot like the one George W. Bush faced 2004, Gerald F. Seib writes.
The Wall Street Journal is visiting three swing counties in swing states?Florida, Ohio and Colorado?periodically this year to gauge how the election campaign is unfolding.
April 13-17: President Barack Obama's efforts to project himself as a protector of the middle class have strengthened him for the general election, while Mitt Romney has gained traction with his argument that he can improve the economy, a new Wall Street Journal/NBC News poll finds.
Allemagne
Espagne
France
Italie
Suisse
U.K.
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