For Filipinos Abroad, Home Is Calling

Wall Street Journal: US Business - Mon, 05/02/2016 - 21:07
For decades Filipinos with professional ambitions knew the surest way to realize them: leave the Philippines. But the trend is finally turning, as political stability and economic growth draw them back.

Hanjin Shipping Seeks Help From Chartered Fleet Owners

Wall Street Journal: US Business - Mon, 05/02/2016 - 20:03
Hanjin Shipping, South Korea’s largest container operator by capacity, reached out to owners of its chartered fleet and terminal operators to say it can’t survive unless they help with its debt restructuring.

GNC Considers Sale of Company

Wall Street Journal: US Business - Mon, 05/02/2016 - 18:58
GNC Holdings said it had started a review that could result in the sale of the company, days after it said its turnaround plan was facing setbacks.

Anadarko's Loss Narrows on Cost Cuts

Wall Street Journal: US Business - Mon, 05/02/2016 - 18:42
Anadarko Petroleum Corp. on Monday posted weaker-than-expected sales for its latest quarter, as the rout in the oil sector continued, though its quarterly loss wasn’t as bad as analysts had forecast.

Lions Gate Leads Venture to Remake Films in Other Countries

Wall Street Journal: US Business - Mon, 05/02/2016 - 16:45
Nine movie distributors world-wide led by Lions Gate have agreed to give each other right of first refusal to remake each others’ films in their respective countries.

Puerto Rico's Debt Crisis Deepens as Government Misses Payment

Wall Street Journal: US News - Mon, 05/02/2016 - 16:44
Puerto Rico’s debt crisis moved into a more perilous phase for residents, lawmakers and bondholders Monday after the Government Development Bank failed to repay almost $400 million.

John Catsimatidis interviewed as Part of De Blasio Fundraising Probe

Wall Street Journal: US News - Mon, 05/02/2016 - 16:34
John Catsimatidis, a former New York City mayoral candidate, was interviewed by federal authorities last week as part of a probe into Mayor Bill de Blasio’s fundraising activities.

Grain Traders Rejecting New Monsanto Soybeans

Wall Street Journal: US Business - Mon, 05/02/2016 - 16:34
U.S. grain companies plan to reject Monsanto Co.’s new genetically modified soybeans, over concerns that they could disrupt international trade without a key regulatory approval from the European Union.

Detroit Teachers Essentially Close Schools in Latest 'Sickout'

Wall Street Journal: US News - Mon, 05/02/2016 - 16:31
The Detroit teachers union effectively closed public schools Monday with its latest widespread “sickout” following the revelation that the district may be unable to pay teachers at the end of June.

Tenet Healthcare Hurt by Lawsuit Costs, Helped by Decline in Uninsured

Wall Street Journal: US Business - Mon, 05/02/2016 - 16:19
Tenet Healthcare Corp. swung to an unexpected first-quarter loss as the hospital operator increased a reserve for a potential resolution of a whistleblower lawsuit that alleges the company’s Georgia hospitals took part in a kickback scheme.

Supreme Court Turns Away Challenge to Seattle Minimum Wage Law

Wall Street Journal: US News - Mon, 05/02/2016 - 16:13
The Supreme Court on Monday declined to consider a challenge to parts of a closely watched Seattle minimum wage law that will eventually raise hourly pay rates to $15 an hour.

Burberry Tightens U.S. Brand Strategy

Wall Street Journal: US Business - Mon, 05/02/2016 - 16:07
Burberry Chief Executive Christopher Bailey is under pressure to find growth in the U.S. as he tries to offset a sharp drop in sales in Hong Kong and move its brand higher up the luxury scale.

In Bill Clinton Stump Speeches, Hillary Has GOP Fans

Wall Street Journal: US News - Mon, 05/02/2016 - 16:00
Bill Clinton is using some of his old Republican antagonists to vouch for his wife on the campaign trail, arguing that even the most hard-bitten Republicans liked Hillary Clinton and worked constructively with her.

Voters Harbor Differing Concerns About Clinton and Trump

Wall Street Journal: US News - Mon, 05/02/2016 - 15:59
If Tuesday’s crucial Indiana primary serves to set up a general-election matchup between Hillary Clinton and Donald Trump, as seems likely, it will help pave the way for an extreme study in contrasts, writes Gerald F. Seib.

Sumner Redstone to Be Deposed in Mental-Competency Case

Wall Street Journal: US Business - Mon, 05/02/2016 - 15:59
Media mogul Sumner Redstone will be deposed in the case challenging his mental competency, but he won’t testify in person, a California judge said Monday.

Aeropostale Preparing to File for Bankruptcy

Wall Street Journal: US Business - Mon, 05/02/2016 - 15:45
Aeropostale is preparing to file for bankruptcy protection this week and close more than 100 stores, according to people familiar with the matter, as the teen-apparel retailer contends with mounting losses and falling sales.

Colorado Court Rules Local Bans on Fracking Are Illegal

Wall Street Journal: US News - Mon, 05/02/2016 - 15:12
The Colorado Supreme Court ruled Monday that municipalities can’t bar hydraulic fracturing, a long awaited decision in a legal battle that has rippled across this energy rich state.

Two GOP House Members Battle for Senate Nomination in Indiana

Wall Street Journal: US News - Mon, 05/02/2016 - 14:31
Republicans in Indiana will choose between two House members in a U.S. Senate primary Tuesday that will determine whether a tea party-aligned lawmaker or more establishment figure will vie in November for the seat of retiring GOP Sen. Dan Coats.

Two Companies Under Scrutiny Increased Donations to Cuomo

Wall Street Journal: US News - Mon, 05/02/2016 - 13:15
Two companies under scrutiny for making payments to a former aide to New York Gov. Andrew Cuomo significantly increased their contributions to the governor’s political campaign during the same period, according to state records.

International Paper to Buy Weyerhaeuser's Pulp Ops for $2.2 Billion

Wall Street Journal: US Business - Mon, 05/02/2016 - 11:52
International Paper agreed to buy Weyerhaeuser’s pulp business for $2.2 billion, making a big bet on rising global demand for disposable diapers and feminine products.

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