g TerrorStrikes HeartofParis - The Wall Street...
Transcript of g TerrorStrikes HeartofParis - The Wall Street...
YELLOW
* * * * * * THURSDAY, JANUARY 8, 2015 ~ VOL. CCLXV NO. 6 WSJ.com HHHH $3 .00
DJIA 17584.52 À 212.88 1.2% NASDAQ 4650.47 À 1.3% NIKKEI 16885.33 À 0.01% STOXX600 333.20 À 0.5% 10-YR. TREAS. À 3/32 , yield 1.954% OIL $48.65 À $0.72 GOLD $1,210.60 g $8.70 EURO $1.1841 YEN 119.26
TODAY IN MARKETPLACE
The $140,000-a-Year WelderPLUS Oil Firms Face a New Dilemma
CONTENTSArts in Review.......... D5Corp. News....... B2,3,5,7Global Finance............ C3Heard on Street...... C12In the Markets.......... C4Money & Investing C1,2
Opinion..................... A9-11Small Business......... B4Sports.............................. D6Style & Travel.... D1,3,4U.S. News................. A2-4Weather Watch........ B8World News........... A5-8
s Copyright 2015 Dow Jones & Company.All Rights Reserved
>
What’sNews
i i i
World-WidenGunmen in Paris stormedthe offices of a satirical maga-zine that caricatured Islam,killing a dozen people. Offi-cials identified three suspects,all Frenchmen, one of whomturned himself in. A1, A6-7n Scientists have discovereda powerful new antibioticthey say can kill an array ofgerms without the bugs easilybecoming resistant to it. A3n Sen. Warren called forDemocrats to adopt a muscu-lar form of liberalism in aspeech that included thinlyveiled jabs at the Clintons. A4n Key Senate Republicansindicated that Obama’s nom-inees for attorney generaland secretary of defense willprobably be confirmed. A4n The House is set to loosenthe rules for when employersmust offer health insuranceby changing the law’s defini-tion of a full-time worker. A4nA House GOP push to rollback a series ofWall Street reg-ulations failed to advance amidresistance from Democrats. C3nMassachusetts’ high courtis set to consider how to han-dle convictions based on evi-dence from crime labs withflawed testing practices. A3n Shell agreed to pay about$80 million to compensate aNigerian fishing communityfor two oil-pipeline spills. A8n Indonesian divers locatedthe tail of AirAsia Flight8501 in the Java Sea. A8nPro-Russia hackers tookcredit for an attack on key Ger-man government websites. A5
i i i
Fed officials are endorsingnew stimulus measures by
foreign policymakers, most no-tably at the ECB, amid concernabout weak growth abroad. A1 Eurozone consumer pricesfell 0.2% in December, the firstdrop in over five years. A5nMost of the money thatpoured into Gross’s Janus fundin October and November camefroma single officewhere one ofhis financial advisers works. A1n The Obama administrationplans to cut FHA insurancepremiums on mortgages withlow down payments. A2nBig oil firms, faced with fall-ing prices, must weigh whetherto cut capital spending anddividends or take on debt. B1nGasoline futures fell to anearly six-year low after datashowed U.S. oil and fuel sup-plies rose to a record high. C1n U.S. stocks rallied on abounce in oil prices and up-beat jobs data. The Dow ad-vanced 212.88 to 17584.52. C4nThe FCC’s chief indicatedhis agency sees consumer ben-efits in expanding regulatoryauthority over broadband. B1n The U.S. trade deficitnarrowed 7.7% in Novemberas falling oil prices offsetweaker demand overseas. A2n A flight-sharing startupis challenging the FAA’s ef-fective ban on its service. B8n Samsung said its fourth-quarter operating profitlikely fell about 37%. B7nADiapers.com co-founderplans a new e-commerce site tocompete with Amazon, whichbought his firm in 2010. B3
Business&Finance
PARIS—Parisians, defiant inthe face of terror, poured intoPlace de la République, lightingcandles, waving flags and show-ing unity in the wake of one ofthe deadliest attacks to hit thecountry in years.
Even as the gunmen whokilled 12 people at the satiricalmagazine Charlie Hebdo werestill at large, people clamberedatop a monument at Place de laRépublique with signs bearinghandwritten slogans such as “JeSuis Charlie” (“I am Charlie”).The crowd spilled into sur-rounding streets, blocking traf-fic and entrances to the city’s
metro stations. One of the gun-man later surrendered.
A calm reigned over thesquare at times, with manyholding candles and talking qui-etly to those around them. Buta minute of silence in whichpeople held up pens to symbol-ize freedom of the press endedin a tumult of cheers and ap-plause.
“We aren’t afraid. We aren’ttoo afraid to say this kind of at-tack is unacceptable,” said Jean-Luc Rousselet, 44, a concertproducer who came in the after-noon to join the demonstration.“We are here in solidarity tosay nothing can go against lib-erty.”
The gathering in Paris
echoed a call from French Presi-dent François Hollande forunity in the face of tragedy. Hecalled on all political forces tounite, and said he would meetwith the leaders of politicalgroups Thursday.
“Today it is the entire repub-lic that has been attacked,” Mr.Hollande said. “We must beaware that our best weapon isour unity. Nothing must divide,oppose or separate us.”
On Wednesday, relatively fewpolice were visible around Placede la République, which liesnear the offices of CharlieHebdo. A handful of police influorescent vests near the northend of the square helped directtraffic away from the rally. But
there was no sign of the heavilyarmored riot police frequentlydispatched to demonstrations inthe French capital.
Many came from outside thecity to show solidarity. ChihebBouanene, 49, came from Paris’ssuburbs to hold up a handwrit-ten sign that read “I am Mus-lim. I am Charlie.”
“I am here to say this isn’t Is-lam,” he said, as others came up
PleaseturntopageA7
BY SAM SCHECHNERAND WILLIAM HOROBIN
‘We Aren’t Afraid’
Reuters
Gross FuelsNew FundWith HisOwn Cash
After Bill Gross abruptly quitPacific Investment ManagementCo., the bond-fund giant he co-founded, in September to join amuch smaller rival, the big ques-tion was how much moneywould follow him.
His new firm, Janus CapitalGroup Inc., subsequently dis-closed that investors pouredabout $1.1 billion into Mr. Gross’snew fund in October and Novem-ber. That money was critical, be-cause it helped push the JanusGlobal Unconstrained Bond fundpast $1 billion in assets undermanagement, a key threshold forlarge investors, according to in-dustry experts. Despite Mr.Gross’s status as a star fundmanager, some large pensionfunds and their consultants havesaid they couldn’t consider afund with less than $1 billion inassets.
But what Janus didn’t tell in-vestors was that, in a previouslyunreported development, a ma-jority of the money came from asingle Southern California bro-kerage office—the same officewhere one of Mr. Gross’s per-sonal financial advisers works,according to industry executiveswho have viewed confidentialbrokerage data.
The Morgan Stanley wealth-management office in La Jolla,Calif., routed more than$700million to Mr. Gross’s Janusfund in October and November,according to people who viewed
Pleaseturntothebackpage
BY KIRSTEN GRINDAND GREGORY ZUCKERMAN
LAKEWOOD, Colo.—Let theeveryday fans of Elvis Presleymake their way to Graceland tosee the displays of goldrecords and custom-made costumes. As faras Nick Andurlakis isconcerned, perhaps thebest way to appreciatethe king of rock ’n’ rollis to pay a visit to his24-seat cafe just out-side Denver and wrapyour mouth around asandwich composed ofalmost equal parts pea-nut butter, jelly and ba-con.
What is the connec-tion between the lateMr. Presley, who wouldhave turned 80 Thursday, andMr. Andurlakis, proprietor ofNick’s Cafe? The restaurantowner says he served that very
sandwich, dubbed the Fool’sGold, to the musical pioneer onat least two occasions in the1970s. At the time, Mr. Andurla-kis, now 58 years old, was a cook
at a popular Denver-area steakhouse that hesays featured the itemas a pricey joke—it costtwice as much as aprime rib-and-lobstercombo.
But to the peanutbutter-loving Mr. Pres-ley, Fool’s Gold was asgood as gold, says Mr.Andurlakis. So, whenthe steakhouse closedin the 1980s and Mr.Andurlakis opened hisnamesake cafe soonthereafter, he kept onpreparing the sandwich
as a tribute of sorts. And tomake more of his connectionwith rock royalty, Mr. Andurlakis
Pleaseturntothebackpage
BY CHARLES PASSY
In These Most Unlikely of Places,Elvis Never Really Left the Building
i i i
Beyond Graceland, Rock Tourism Rolls OnWith a Sandwich, Roller Coaster, Wart
Elvis statuette
A video image shows gunmen shooting a wounded police officer as they flee the offices of satirical magazine Charlie Hebdo in Paris Wednesday.
New York pulls Pimco funds.. A12
Federal Reserve officials, wor-ried about weak growth overseas,are endorsing new measures byforeign officials—most notably atthe European Central Bank—tostimulate their economies.
Fed officials rarely commenton the decisions taken by foreigncentral banks and have generallyplayed down risks to domesticgrowth emanating from abroad.Yet minutes of the Fed’s Dec. 16-17policy meeting included several
references to the urgency U.S. of-ficials and market participantsare placing on new policy actionsto counteract slow growth outsidethe U.S.
The insight into the Fed’sthinking comes as new figuresreleased from the eurozone onWednesday showed consumerprices fell 0.2% in Decemberfrom a year earlier, a larger de-cline than economists had ex-pected and the first drop sinceOctober 2009. Falling prices inEurope are in part a result oftumbling oil prices and a symp-
tom of weak demand in Europe.Other global soft spots abound:
Economic output in Japan con-tracted in the second and thirdquarters of 2014 and growth inChina has disappointed, puttingadded downward pressure oncommodities world-wide.
The minutes showed Fed offi-cials “regarded the internationalsituation as an important sourceof downside risks to domestic realactivity and employment.” Theyadded that the risks were particu-larly serious “if foreign policy re-sponses were insufficient.”
In another place in the Fedminutes, officials warned that fi-nancial markets had been “impor-tantly influenced by concernsabout prospects for foreign eco-nomic growth and by associatedexpectations of monetary policyactions in Europe and Japan.”
The references amounted to awarning—particularly to the
Pleaseturntothenextpage
BY JON HILSENRATHAND BRIAN BLACKSTONE
Fed Warns on Global Growth Fears
Trade gap narrows....................... A2 Prices in eurozone tumble...... A5 Shares halt skid............................. C4 Heard on the Street.................. C10
PARIS—Masked gunmenstormed the offices of French sa-tirical magazine Charlie Hebdoon Wednesday, killing a dozenpeople and decimating a news-room that long took pride in de-fying the outrage—and deaththreats—stirred by its carica-tures lampooning Islam.
The brutal rampage shocked anation that has been living indread of reprisal attacks sincejoining the fight against Islamistinsurgents in Africa and theMiddle East. The attack—by gun-men armed with AK-47 rifles—triggered an outpouring of pub-lic anger at home andexpressions of solidarity fromaround the world.
French authorities lateWednesday identified three sus-pects, all Frenchmen: SaidKouachi, 34 years old; hisbrother Cherif Kouachi, 32; and18-year-old Hamid Mourad.
Police deployed a vast drag-net with hundreds of officers toconduct a manhunt, searching anapartment in the eastern Frenchcity of Reims.
Early on Thursday, officialssaid Mr. Mourad had turnedhimself into police at the easterntown of Charleville-Mézières andwas in custody. Police also re-leased photos of the brothersand issued an appeal for infor-mation on them.
It is unclear whether the gun-men acted alone or were part ofa broader organization. But theyappeared to have planned the at-tack and to have been motivatedby radical Islamist beliefs.
French television showedfootage of two men wearingbalaclavas leaving CharlieHebdo’s offices shouting inFrench: “We have avenged
PleaseturntopageA6
By Inti Landauro,Noémie Bisserbe andDavid Gauthier-Villars
Terror Strikes Heart of ParisGunmen AttackFrench Magazine,Killing at Least 12
Rampage in Paris Signs of planning in assault
raise fears.............................. A6 Artists express outrage..... A6 Noted cartoonists killed... A7
Copyright © 2013, Oracle and/or its affiliates. All rights reserved.
More Enterprise SaaS ApplicationsThan Any Other Cloud Services Provider
Oracle CloudApplications
ERPFinancialsProcurementProjectsSupply Chain
HCMHuman CapitalRecruitingTalent
CRMSalesServiceMarketing
CM Y K CompositeCompositeMAGENTA CYAN BLACK
P2JW008000-6-A00100-1--------XA CL,CN,CX,DL,DM,DX,EE,EU,FL,HO,KC,MW,NC,NE,NY,PH,PN,RM,SA,SC,SL,SW,TU,WB,WEBG,BM,BP,CC,CH,CK,CP,CT,DN,DR,FW,HL,HW,KS,LA,LG,LK,MI,ML,NM,PA,PI,PV,TD,TS,UT,WO
P2JW008000-6-A00100-1--------XA