Edition: U.S. / Global

Friday, December 5, 2014

Business

The Rumaila oil field in southern Iraq. Oil prices are down about 35 percent since June 30.
SEssam Al-Sudani/Reuters

The Rumaila oil field in southern Iraq. Oil prices are down about 35 percent since June 30.

One result is to drive down inflation worldwide, at a time when inflation is already lower than central bankers consider ideal.

British Court Rules in Favor of Electronic Surveillance

The decision comes after a global outcry against programs like Prism, which have given spy agencies almost unfettered access to Internet communications.

DealBook

Three Former ICAP Brokers Plead Not Guilty in Libor Case

Danny Martin Wilkinson, Colin John Goodman and Darrell Paul Read are expected to face trial in September, along with three former traders from two British brokerage firms.

Big Job Gains and Rising Pay in Labor Data

The gain was the largest monthly jump in payrolls in nearly three years, and average hourly earnings surged 0.4 percent, twice what analysts expected.

DealBook

Higher Bid Extends Battle for Club Med

Andrea C. Bonomi, the Italian businessman fighting a Chinese investor for Club Méditerranée, raised his bid to $29.65 a share for the French resort operator.

DealBook

Basel Banking Chief Expects Fine-Tuning of Risk Rules

The adjustments in the international banking guidelines could increase the amount of capital that banks need ​and force them to reduce their dependence on borrowed money.

DealBook

Canary Wharf Owner Says Final Offer by Qatar and Brookfield Undervalues Company

The latest all-cash offer valued Songbird Estates, which owns the operator of the Canary Wharf financial and retail complex in London, at about $4.1 billion.

DealBook

British Construction Giant Balfour Beatty Rejects Bid for Its Investment Arm

The John Laing Infrastructure Fund, a European investor, had offered to pay about $1.6 billion for the company’s portfolio of public-private investments.

DealBook

Jamie Dimon of JPMorgan Chase Says, ‘No Evidence of Cancer’

Mr. Dimon who was given a diagnosis of throat cancer last summer, sent an email to his staff on Friday saying a new round of tests “came back completely clear.”

French Defense Minister Says Russia May Never Receive Mistral Warships

The deal to sell the ships, designed to transport troops, tanks and helicopters, ran into opposition after Russia annexed the Crimean Peninsula in March.

Starbucks, Facing a Saturated Market, Looks to the High End

Starbucks is planning a chain that will sell high-end coffee from around the world, and its branding will be steps removed from its mass-market cousin.

Europe Keeps Hope Alive for Gas Pipeline From Russia

A pipeline to southern Europe could be completed despite President Vladimir V. Putin’s stated intention to abandon it, the head of the European Commission said.

Narendra Modi, Favoring Growth in India, Pares Back Environmental Rules

The new government is moving with remarkable speed to clear away regulatory burdens for industry, the armed forces, mining and power projects.

E.C.B.’s Draghi Hints at More Stimulus in Future for Europe

The questions are growing more urgent over how much longer the European Central Bank can merely hint at actions to come before markets lose faith in it.

Insight and Analysis
Common Sense

Steep Slide in Oil Prices Is Blessing for Most

If history is any guide, it’s hard to see falling oil prices as anything but good news for everyone whose fortunes aren’t tied to oil.

DealBook

Bill Gross Muses on Nursery Rhymes and Domestic Abuse in Latest Investment Letter

Janet Yellen as Little Miss Muffet? Mario Draghi and Angela Merkel acting as Punch and Judy? No one is off limits for Bill Gross.

Economic Scene

Income Gap Shrinks in Chile, for Better or Worse

Income inequality in Chile and other parts of Latin America is narrowing, but the reason for the decline, yet to be determined, could be good news or bad.

The Upshot

The Next Big Climate Question: Will India Follow China?

China’s leaders have self-interested reasons to combat pollution, as their recent pledge suggests. India’s leaders may have the same reasons.

DealBook

Tattletales Embraced as Whistle-Blower Programs Gain Support

Programs, and payouts, to encourage whistle-blowers to come forward with wrongdoing are likely to increase with the new Congress, Peter J. Henning writes.

Special Report: The Business of Green

Testing the Limits of European Ambitions on Emissions

Experts question whether the plans that the Continent has sketched out to achieve a 40 percent cut are strong enough to meet its goal.

Bits Special Report: Security

Hacked vs. Hackers: Game On

There has been an awakening that online threats are real and growing worse, and that the prevailing “patch and pray” approach to computer security will not do.

Itineraries

For Uber, Airbnb and Other Companies, Customer Ratings Go Both Ways

Hotel, restaurant and car service companies are now frequently using sophisticated systems that allow them to identify their best, and worst, patrons.

Markets »