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The Wall Street Journal

Thursday, May 24, 2018
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The Tragedy of Venezuela 24 May 11:43pm Updated The Tragedy of Venezuela
When reporter Anatoly Kurmanaev started covering the country five years ago, the petrodollar-fueled party was still raging, but the greed and incompetence of the ruling party soon began to take their devastating toll.
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Currencies in USD
GBP 1,33 +0,602%
EUR 1,17 +0,944%
CHF 1,01 +0,594%
Brazil Reaches a Pact in Truck Strike, but Big Union Rejects It 24 May 10:28pm Brazil Reaches a Pact in Truck Strike, but Big Union Rejects It
Brazil’s government said it had reached an agreement with several truckers unions to suspend a four-day strike that has disrupted the economy, but one of the country’s biggest drivers groups said it would continue the work stoppage.
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Judge Seeks More Information from Oil Companies in Climate-Change Suits 24 May 10:04pm Judge Seeks More Information from Oil Companies in Climate-Change Suits
A federal judge said he needed more information before deciding whether to dismiss lawsuits by San Francisco and Oakland alleging that five of the world’s largest oil companies should pay to protect the cities’ residents from the impacts of climate change.
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Starbucks Opens Its Bathrooms. Now It Needs to Keep Them Clean and Drug Free 24 May 9:43pm Updated Starbucks Opens Its Bathrooms. Now It Needs to Keep Them Clean and Drug Free
Now that Starbucks has decided to allow anyone to use its restrooms, it faces the critical task of keeping them clean and safe.
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Trump Tariff Threat Vexes Allies and Global Auto Makers 24 May 8:06pm Updated Trump Tariff Threat Vexes Allies and Global Auto Makers
The U.S. push to impose tariffs on auto imports has put allies in the crosshairs of a global trade row that is riling stock markets and creating uncertainty among auto makers, investors and governments.
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U.S. Existing Home Sales Fell in April 24 May 6:45pm Updated U.S. Existing Home Sales Fell in April
Sales of previously owned U.S. homes declined in April, as inventory shortages and rising prices weigh on the market and higher mortgage rates begin to pose a threat to demand for the first time in years.
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Best Buy Shares Fall After Company Signals Slowing Growth 24 May 4:26pm Updated Best Buy Shares Fall After Company Signals Slowing Growth
Best Buy’s sales jumped in the latest quarter as the electronics retailer continued to benefit from higher consumer confidence and spending.
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Diageo Calls Time on Seagrams VO and Other Spirits 24 May 12:53pm Updated Diageo Calls Time on Seagrams VO and Other Spirits
Diageo is shopping its Canadian whisky brand Seagrams VO and cinnamon schnapps Goldschlager among others as it looks to pivot towards higher-growth brands, according to people familiar with the matter.
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Rusal CEO Quits Amid Pressure Over U.S. Sanctions 24 May 12:50pm Updated Rusal CEO Quits Amid Pressure Over U.S. Sanctions
Russian aluminum giant Rusal said CEO Alexandra Bouriko and seven board members resigned to help the company escape the Trump administration’s sanctions program.
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Fed Minutes Signal June Rate Increase 24 May 11:34am Updated Fed Minutes Signal June Rate Increase
Federal Reserve officials at their meeting earlier this month signaled they were likely to raise rates at their June meeting, and they debated how to characterize an evolving policy strategy that soon would no longer try to stimulate economic growth.
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Diageo Plans to Offload U.S.-Focused Spirits 24 May 10:45am Diageo Plans to Offload U.S.-Focused Spirits
Diageo is shopping its Canadian whisky brand Seagrams VO and cinnamon schnapps Goldschlager among others as it looks to pivot towards higher-growth brands, according to people familiar with the matter.
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GDPR Has Companies Big and Small Racing to Comply 24 May 10:38am Updated GDPR Has Companies Big and Small Racing to Comply
When strict new GDPR privacy regulations take effect Friday, even small firms with no European footprint must change how they handle European customers’ data.
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U.S. Jobless Claims Rose to 234,000 Last Week 24 May 10:11am Updated U.S. Jobless Claims Rose to 234,000 Last Week
The number of Americans filing new applications for unemployment benefits rose again last week, but remained near historically low levels.
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Fed Sets May 30 Vote on Proposed Volcker Rule Changes 24 May 9:45am Fed Sets May 30 Vote on Proposed Volcker Rule Changes
The Federal Reserve set a May 30 vote on proposed changes to the Volcker rule, the first public step in an expected rewrite of the restrictions that have held back bank trading desks for years.
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Diageo Plans to Sell U.S.-Focused Spirits Brands 24 May 9:44am Diageo Plans to Sell U.S.-Focused Spirits Brands
Diageo is shopping its Canadian whisky brand Seagrams VO and cinnamon schnapps Goldschlager among others as it looks to pivot towards higher-growth brands, according to people familiar with the matter.
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Diageo Hires Bankers to Sell U.S.-Focused Spirits Brands 24 May 9:22am Updated Diageo Hires Bankers to Sell U.S.-Focused Spirits Brands
Diageo has hired bankers to sell its Canadian whisky brand Seagrams VO and cinnamon schnapps brand Goldschlager among a number of U.S.-focused spirits brands, according to people familiar with the matter.
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Russian Giant Gazprom Settles Antitrust Case With Europe 24 May 7:36am Updated Russian Giant Gazprom Settles Antitrust Case With Europe
Gazprom has formally committed to changing business practices to settle a longstanding antitrust case, in a procedure that allows the state-owned gas giant to avoid billion-dollar fines.
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New Starbucks Bathroom Policy Sparks Concerns 24 May 7:12am New Starbucks Bathroom Policy Sparks Concerns
Now that Starbucks has decided to allow anyone to use its restrooms, it faces the critical task of keeping them clean and safe.
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Samsonite Plunges After Short Seller Questions Accounting 24 May 7:03am Updated Samsonite Plunges After Short Seller Questions Accounting
Shares of Samsonite, the world’s largest luggage maker by volume, suffered their worst drop in six years after a short seller issued a report critiquing the company’s business practices and its stock valuation.
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Comcast Goes Public on Plan for Fox Bid to Challenge Disney 24 May 3:31am Updated Comcast Goes Public on Plan for Fox Bid to Challenge Disney
Comcast is escalating its threat to disrupt Walt Disney’s megadeal to buy the bulk of 21st Century Fox’s assets, a potential move that could reshape the power structure in the entertainment industry.
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Your Smartphone Is the Best Computer You Own 24 May 3:15am Updated Your Smartphone Is the Best Computer You Own
How to turn your smartphone into the powerful PC it’s meant to be.
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Westfield Shareholders Approve Big Mall Deal 24 May 2:43am Westfield Shareholders Approve Big Mall Deal
Shareholders at Westfield, which runs marquee malls across the U.S., overwhelmingly approved a takeover by Europe-based shopping-center company Unibail-Rodamco despite the falling value of the cash-and-stock offer.
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FBI Moves to Dismantle Network of Hacked Devices Linked to Russia 24 May 12:00am Updated FBI Moves to Dismantle Network of Hacked Devices Linked to Russia
The Federal Bureau of Investigation moved to dismantle a large network of hacked routers and storage devices that Cisco Systems Inc. and U.S. and Ukraine authorities said could be used to launch a massive cyberattack or knock hundreds of thousands of internet users offline.
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