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Stitch Fix Co-Founder to Reap Millions in IPO. Her Ex-Partner Is a Footnote

Stitch Fix Co-Founder to Reap Millions in IPO. Her Ex-Partner Is a Footnote

Katrina Lake started Stitch Fix, a personal-shopping startup preparing to go public this week, seeking a valuation as high as $2 billion. But she wasn’t alone: A co-founder has been scrubbed from most company records.

Published 7 months ago

Why a DOJ vs. AT&T-Time Warner Case Could Be a Close Call

Why a DOJ vs. AT&T-Time Warner Case Could Be a Close Call

If the Justice Department sues to block AT&T’s planned acquisition of Time Warner, it would mark one of the most ambitious antitrust cases in decades and likely lead to a court battle that would be hard to handicap.

Published 7 months ago

A Specter is Haunting Europe’s Recovery: Zombie Companies

A Specter is Haunting Europe’s Recovery: Zombie Companies

Hundreds of staggering firms are kept alive by struggling banks, which in turn undercut healthy rivals by and tie up capital that could be used more productively elsewhere. Economists and central bankers worry they are a drag on the continent just as growth is resuming.

Published 7 months ago

Tax Overhaul Plans Make New York Home Buyers Think Twice

Tax Overhaul Plans Make New York Home Buyers Think Twice

There are signs home buyers in metropolitan New York are considering the effects of proposed federal tax law changes, setting the stage for a possible chill in the market, brokers say.

Published 7 months ago

Stocks Led Lower by Drop in Crude Prices

Stocks Led Lower by Drop in Crude Prices

Stocks around the world extended losses, with markets in Europe and Asia hit by a deepening rout in commodity prices and a weaker dollar.

Published 7 months ago

Japanese Bank Switches U.S. Regulators in Middle of Investigation

Japanese Bank Switches U.S. Regulators in Middle of Investigation

Japan’s biggest bank sidestepped state supervision of a New York branch in the middle of a state investigation into the bank’s safeguards meant to ensure clients weren’t evading U.S. sanctions, according to a state regulator’s letter reviewed by The Wall Street Journal.

Published 7 months ago

Aiding Oil’s Recent Rebound: American Wildcatters Show Restraint

Aiding Oil’s Recent Rebound: American Wildcatters Show Restraint

Oil traders and analysts have traced the market’s recovery to signs of tighter supply and a return of geopolitical tensions. But many are also pointing to rising confidence that U.S. shale producers won’t endlessly ramp up production.

Published 7 months ago

Targets Posts Lower Profit, Forecasts  Moderate Holiday Sales Growth

Targets Posts Lower Profit, Forecasts Moderate Holiday Sales Growth

Target posted higher quarterly sales but profits fell and the retailer gave a disappointing earnings outlook for the holiday period, as the big-box chain spends heavily to revamp stores, lower prices and raise wages.

Published 7 months ago

Australians Say ‘Yes’ to Same-Sex Marriage in Nonbinding Vote

Australians Say ‘Yes’ to Same-Sex Marriage in Nonbinding Vote

Australians have endorsed same-sex marriage in a nonbinding national vote, delivering a win for the country’s conservative leader that may yet come at the cost of a rebellion by right-wing lawmakers in his coalition.

Published 7 months ago

With Two Price Tags From SoftBank, What Is Uber Really Worth?

With Two Price Tags From SoftBank, What Is Uber Really Worth?

SoftBank is shooting for a multibillion-dollar stake in Uber by paying one price to the company and a lower one to its shareholders—an unusual approach at such a grand scale that raises the question of what Uber is actually worth.

Published 7 months ago

‘You Do Not Understand Bitcoin’: Readers Bite Back

‘You Do Not Understand Bitcoin’: Readers Bite Back

Lovers and skeptics of cryptocurrency reacted to The Wall Street Journal’s recent coverage of investing in bitcoin and had lots to say about whether there is a bitcoin bubble.

Published 7 months ago

Airbus Snares Jet Order Valued at $49.5 Billion From U.S. Investor

Airbus Snares Jet Order Valued at $49.5 Billion From U.S. Investor

Airbus secured a $49.5 billion deal—one of the largest aircraft deals in history—with a 430-jet agreement with Indigo Partners, a U.S. private equity group with stakes in some of the fastest-growing low-cost carriers on three continents.

Published 7 months ago

China to Send Envoy to North Korea After Trump’s Visit to Beijing

China to Send Envoy to North Korea After Trump’s Visit to Beijing

Song Tao, a special envoy of President Xi Jinping, will leave for North Korea on Friday for a visit that will include briefings on last month’s Communist Party congress.

Published 7 months ago

Senate GOP Adds Health-Care Twist to Tax Overhaul Plan

Senate GOP Adds Health-Care Twist to Tax Overhaul Plan

Senate Republicans said they would attach a provision to their tax overhaul plan that would repeal a mandate that all Americans have health insurance, a new twist in the GOP lawmakers’ efforts to rewrite much of the U.S. tax code.

Published 7 months ago

Explosions Heard in Zimbabwe’s Capital

Explosions Heard in Zimbabwe’s Capital

The U.S. Embassy in Harare urged Americans in the country to “shelter in place” after reports of multiple explosions in Zimbabwe’s capital early Wednesday, as a battle to succeed the world’s oldest head of state entered a dangerous new phase.

Published 7 months ago