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Activist Takes Stake in Whole Foods, Will Seek Possible Sale
Activist investor Jana Partners has amassed a nearly 9% stake in Whole Foods Market and wants the upscale organic grocer to speed up its turnaround efforts while also exploring a possible sale.
Wells Fargo Claws Back $75 Million From Executives for Sales Abuses
Wells Fargo’s board said it has clawed back an additional $75 million of pay from two former executives it holds largely responsible for years of sales-practice problems. 94
Barclays CEO Investigated Over Aim to Unmask a Whistleblower
U.K. and U.S. regulators have begun an investigation into Barclays Chief Executive Jes Staley over his attempts to unmask a whistleblower who raised questions over one of the bank’s hires.
Capital Journal
Five Big Players Steer Trump’s Foreign Policy Toward Mainstream
President Trump’s campaign-season chumminess with Russia increasingly is a thing of the past, there has been no instant trade war with China and the Iran nuclear deal hasn’t been abrogated. The foreign policy shift is the product of five key players, Gerald F. Seib writes. 251
In the $75 Billion Videogame Industry, Hiring People Is a Last Resort
As outsourcing sweeps through almost every industry in the U.S., the videogame business looks a lot like the workplace of the future. A lean core of in-house employees focuses on the most important jobs, with the rest hired out to layers of contractors and subcontractors. Outside workers come and go based on project cycles. The surprise hit “Rocket League” shows how contractors are changing the world of work.
Videos of Man Dragged Off United Flight Spark Backlash
Videos of a man being dragged screaming off an overbooked United Airlines flight by law-enforcement officials ignited a firestorm of criticism, the carrier’s second drubbing on social media in as many weeks. 1460
San Bernardino School Shooting Leaves 2 Adults Dead, 2 Children Injured
Two adults were killed and two children were injured in a shooting on Monday morning at an elementary school in San Bernardino, Calif., that police are characterizing as a murder-suicide. 152
China Powers Up in Biotech
China, long the world’s supplier of cheap pharmaceutical ingredients and copycat pills, is emerging as a major producer of important new medicines: biotech drugs. And big drug companies around the globe have taken notice.
Foxconn Offers Up to $27 Billion for Toshiba Chip Business
Foxconn offered up to $27 billion for Toshiba’s computer-chip business, another bold bid for a pillar of Japan’s high-tech industry.
Long-Friendly Families to Unite in Truck Merger
Jerry Moyes taught the Knight family the trucking business three decades ago. Now the Knights plan to show the founder of Swift Transportation how to fix his company.
LeEco Ditches $2 Billion Vizio Acquisition
LeEco said it is walking away from its planned $2 billion acquisition of U.S.-based TV maker Vizio, the latest scaling back of the embattled Chinese tech firm’s ambitions.
U.S. Stocks Edge Up as Investors Seek Clues on Economy
Shares of energy companies and industrials rose, but U.S. stocks were little changed overall as investors looked ahead to corporate-earnings season.
Heard on the Street
A Coal Revival but Not Because of Trump
America’s coal industry has been ravaged by cheap gas and environmental concerns, but it is stabilizing and that has little to do with President Trump.
An Unusual Pattern Is Taking Hold in the Junk Bond Market
Returns on junk bonds depend increasingly on an unlikely factor: interest rates. One way to see that is by looking at an obscure gauge known as convexity. For BB-rated high yield bonds, that measure turned negative last fall and remains below zero, suggesting that junk bonds become more rate sensitive as rates rise, according to Bank of America Merrill Lynch. It's the first time that's ever happened.
Calpers Staff Wants To Shed Private Equity Investment Requirement
The nation’s largest pension fund is proposing that it drop a set investment target for its private equity holdings.
An Indiana Town’s Big Bet on International Business Pays Off
Columbus, Ind., is a city of just 46,000 people, without an international border—but after courting global companies decades ago, it has the greatest reliance on exports of any metro area in the U.S. and a booming job market. 81
Supreme Court Seats Become More Partisan Than Ever
The partisan conflict over Neil Gorsuch, President Donald Trump’s nominee to the Supreme Court, already has left a political legacy on the federal judiciary. 287
New York Sets Residency Requirement for Free Tuition
A new scholarship that will let many New York students attend state colleges tuition-free has a caveat in the fine print: Recipients must live and work in the state for several years after graduation or pay back the money.
Weeklong Manhunt Continues in Wisconsin After Guns Stolen
More than 150 officers are searching for Joseph Jakubowski, who authorities suspect of stealing weapons from Janesville gun shop and sending a manifesto to the White House
Jean-Marie and Marine Le Pen in 2004. Ms. Le Pen’s rivals said her Holocaust comments belied her efforts to distance her party from the legacy of her father. Mr. Le Pen has said the gas chambers in World War II were a “detail of history.”
Le Pen Faces Anger Over Her Holocaust Comments
French presidential candidate Marine Le Pen faced strong criticism Monday over comments playing down France’s role in the Holocaust, undercutting her efforts to broaden the hard-right National Front’s appeal to mainstream voters.
White House Warns Syrian Use of Barrel Bombs Could Trigger Response
The use of barrel bombs by the Assad regime in Syria could trigger a U.S. response, the White House said Monday in what appeared to be a significant change in U.S. policy by drawing a new red line in the conflict.
U.S. Says Jailed Russian Programmer Is One of World’s Most Sophisticated Hackers
The Russian programmer arrested in Spain on accusations of cyber fraud over the weekend is one of the world’s most sophisticated hackers, one who operated a vast network of compromised computers for malicious purposes, U.S. authorities allege in court documents.
Islamic State Claims Responsibility for Egyptian Church Bombings
Twin blasts claimed by Islamic State struck Egyptian churches during Palm Sunday services, killing at least 47 people in an escalating campaign of terrorism against the country’s Christian population. 730
Video
It Takes a Global Village to Make a Videogame
1:44
'River Monsters' Host Jeremy Wade Tracks More Sea Monsters
3:55
Beware Fake Amazon Deals: Hackers Hit Sellers
3:28PAID PROGRAM
Photos
My Tech Essentials
Why Steve Ballmer Hates Paper and Tweets Less
The Los Angeles Clippers owner and former Microsoft CEO on his hi-tech golf clubs, the Amazon Echo and his preferred elliptical machine.
Arts
Faux Elephants Flourish at Circus 1903
A modern-day circus uses elaborate elephant puppets to conjure up a mainstay of the big top without all the controversy.
Gorsuch and More Such
By James Freeman | Best of the Web
Sweden Blacklists an Antiabortion Midwife
By Sohrab Ahmari | Commentary
When to Sell? Look at the HQ
By Andy Kessler | Commentary
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When It Pays to Start at a Community College
Also: Answering readers’ questions about 529 plans and other college-financing issues.