Edition: U.S. / Global

Wednesday, October 22, 2014

Business

Jean-Claude Juncker, the incoming president of the European Commission, in a speech before the European Parliament on Wednesday.
Patrick Seeger/European Pressphoto Agency

Jean-Claude Juncker, the incoming president of the European Commission, in a speech before the European Parliament on Wednesday.

The vote by lawmakers ended months of sometimes acrimonious debate over the administrative direction of the 28-nation bloc.

Thierry Desmarest and Patrick Pouyanné to Lead Oil Giant Total After Chief’s Death

The company is splitting its chief executive and chairman jobs, bringing back a former chief, with a plan for Mr. Pouyanné to lead it into 2016.

DealBook

Daimler Expects $780 Million Gain on Sale of Tesla Motors Stake

The German automaker Daimler, which first took a stake in Tesla in 2009, said it would continue its joint development projects with the company, which makes electric cars.

Gas Deal Eludes Russia and Ukraine, but Talks Will Continue

The standoff between the two countries, in which Russian gas deliveries have been halted over Ukraine’s unpaid gas bill, has Europe worried about its winter supplies.

Apple’s iCloud Storage Service Is Aim of Attack in China

Cybersecurity monitoring groups and security experts said iCloud users in China may have given away login information to a third party.

Bank of England Minutes Add to Signs Rate Hike on Back Burner

Most Bank of England policymakers are firmly against raising interest rates, seeing little evidence of inflation pressures while the slowing euro zone poses growing risks, minutes of their latest meeting showed.

DealBook

After JPMorgan Chase Breach, Push to Close Wall St. Security Gaps

Regulators are said to be discussing how to improve a critical area of cybersecurity: outside vendors, including law, accounting and marketing firms and even janitorial companies.

Boeing and Chinese Partner to Make Jet Fuel From 'Gutter Oil'

The American plane maker and Commercial Aircraft of China have launched a joint pilot project to transform used cooking oil.

Enforcer at Treasury Is First Line of Attack Against ISIS

David Cohen, a Treasury under secretary, discusses the battle to choke off the flow of illicit revenue to the Islamic State.

DealBook

4 Banks, Including JPMorgan, Fined in Europe Over ‘Cartel’ Behavior

The European Commission fined several global financial institutions a total of about $120 million over two types of activity that it deemed cartel behavior.

Ben Bradlee, Washington Editor and Watergate Warrior, Dies at 93

Mr. Bradlee, a quintessential newspaper editor, supervised The Washington Post’s exposure of the Watergate scandal that led to the resignation of President Richard M. Nixon.

For E.U. Climate Meeting, Deep Divisions and High Stakes

Curbing emissions has long been a popular cause in the European Union. But leaders have to agree on how to generate and distribute energy.

Few Answers After an Alert on Takata Air Bags

A National Highway Traffic Safety Administration site that allows drivers to look up a car by vehicle identification number was not responding, and calls were put on hold.

The Death of Total’s Chief Executive Is Felt Across National Borders

Christophe de Margerie was a prominent voice in Europe in opposing sanctions against Russia and getting on with business.

DealBook

Google Invests Heavily in Magic Leap’s Effort to Blend Illusion and Reality

Google is leading a $542 million investment in a little-known firm called Magic Leap, in an investment that is said to value the start-up at about $2 billion.

E.U. Banking Watchdog Warns of Legal Breach by Bulgaria

The warning comes after the country’s authorities continued to block depositors’ access to money at a troubled lender.

DealBook

Brazil’s First I.P.O. for 2014 Ends First Day Up Slightly

A veterinary medicine company, Ouro Fino Saúde Animal Participações, made its debut on Tuesday amid a weak economy and political uncertainty in Brazil.

Marissa Mayer Can Report Growth at Yahoo, but Strategy Is No Clearer

Strong third-quarter results, including an improved performance by mobile, ended a long pattern of declines at Yahoo.

DealBook

Used-Car Auctioneer BCA Marketplace Calls Off London I.P.O.

The British company BCA Marketplace, which is backed by the private equity firm Clayton, Dubilier & Rice, is the latest European company to delay or withdraw its plans to go public.

DealBook

Private Equity Titans Open Cloistered World to Smaller Investors

Seeing individual investors as untapped sources of capital, private equity firms are seeking to attract checks in the tens of thousands of dollars rather than in the hundreds of millions.

DealBook

Regulators Temporarily Ban Short-Selling of Portugal Telecom

The company’s shares declined to a record low on Monday over its exposure to a company linked to the Espírito Santo family, prompting the ban.

Personal Technology
State of the Art

Apple’s Silky Smooth Integration May Seduce You for Keeps

The tech giant has succeeded in ensuring that its phones, tablets and computers work seamlessly together. You might never leave.

IPad Air 2 and Mini 3 Review: Fantastic, but Largely Unnecessary, Tablets

The iPad Air 2 is substantially faster than its predecessor, and both it and the Mini 3 include Touch ID and Apple Pay. Needless to say, both products are costly.

Global Trends Special Section
Global Trends

Indonesian Leader in Global Spotlight

Joko Widodo, who was sworn in as president on Monday, comes into office with no foreign policy experience, but will now be sharing a stage with the world’s most powerful leaders.

Global Trends

The Importance of Investing in Asia’s Infrastructure

Finance ministers from the Asia-Pacific Economic Cooperation forum are meeting Tuesday and Wednesday in Beijing. Sudhir Shetty of the World Bank looks at the issues.

Global Trends

European Companies Turn to Chinese Investors

The case of Putzmeister, a German industrial equipment company, exemplifies the increasingly active presence of Chinese investors in Europe.

Itineraries
On the Road

For Travel Pros, Ebola Fears Create Teaching Moments

The effects in the business travel industry have been negligible so far, but concerns are growing.

Insight and Analysis
DealBook

Market Volatility Merely a Symptom of Larger Issues

Recent worries about the global economy, including monetary policy, geopolitics and Ebola, have exposed the fragility of some widely held assumptions.

DealBook

Why High-Frequency Trading Is So Hard to Regulate

An S.E.C. case against a high-frequency trading firm shows how difficult it is to draw the line between acceptable trading strategies and manipulation, Peter J. Henning writes in the White Collar Watch column.

The Upshot

Q. and A. With Jean Tirole, Economics Nobel Winner

The French economist, still “over the moon” with his award, discussed net neutrality, Amazon.com and his current research interests.

Markets »