Asia Markets: Asian markets extend slump as Hong Kong stocks sink toward new 14-month low

Asia Markets: Asian markets extend slump as Hong Kong stocks sink toward new 14-month low
Asian stock markets slumped in early trading Wednesday as trade tensions rose following a report that China is seeking permission from the World Trade Organization to impose sanctions against the U.S., separate from the tariff battle between the world’s largest economic powers. The declines continued for Hong Kong stocks, which hit 14-month lows Tuesday and saw the Hang Seng Index... Read More

The Wall Street Journal: Hong Kong firm’s $9 billion bid for Australian pipeline operator clears antitrust hurdle

The Wall Street Journal: Hong Kong firm’s $9 billion bid for Australian pipeline operator clears antitrust hurdle
MELBOURNE, Australia — Australia’s antitrust regulator won’t stand in the way of a more than $9 billion takeover of one of the country’s main gas-pipeline operators, putting the deal by Hong Kong’s CK Infrastructure Holdings Ltd. 1038, +2.20%   in the hands of foreign investment authorities. The Australian Competition and Consumer Commission on Wednesday said it wouldn’t oppose the acquisition... Read More

The Wall Street Journal: E.l.f. Beauty urged to sell or revamp by activist investor Marathon Partners

The Wall Street Journal: E.l.f. Beauty urged to sell or revamp by activist investor Marathon Partners
An activist investor wants cosmetics company e.l.f. Beauty Inc. to give itself a makeover. Marathon Partners Equity Management LLC, which owns about 8.5% of e.l.f. ELF, +0.30%  , plans to urge the discount cosmetics seller to either start a process to sell itself or refocus on core operations and reduce costs, according to a draft of a letter to its... Read More

The Wall Street Journal: FCC pauses its review of T-Mobile, Sprint merger

The Wall Street Journal: FCC pauses its review of T-Mobile, Sprint merger
The Federal Communications Commission paused its informal 180-day clock for reviewing T-Mobile US. Inc.’s takeover of Sprint Corp., saying it needs more time to consider information the wireless carriers have provided. The agency, which started its formal review about 60 days ago, said it is taking more time to review a “significantly larger and more complex” engineering model that the... Read More

The Wall Street Journal: EPA announces plan to roll back regulations on methane emissions

The Wall Street Journal: EPA announces plan to roll back regulations on methane emissions
WASHINGTON — The Trump administration on Tuesday proposed less stringent requirements for oil-and-gas companies dealing with methane-gas leaks, weakening an Obama administration rule intended to combat climate change. The Environmental Protection Agency’s proposed changes give drillers more time both between inspections and to repair leaks when they happen, according to the proposal. Heat-trapping methane often leaks from oil-and-gas wells, storage... Read More

Former Treasury Secretary Hank Paulson says renters are getting a raw deal

Former Treasury Secretary Hank Paulson says renters are getting a raw deal
By Senior economics reporter Former Treasury Secretary Henry Paulson Former Treasury Secretary Henry Paulson on Tuesday suggested that government policy penalizes renters at the expense of homeowners. “Renters are disadvantaged relative to homeowners,” Paulson said in a brief interview on the sidelines of a conference at The Brookings Institution on lessons from the financial crisis. “All of the benefits are... Read More

Therese Poletti's Tech Tales: Apple and other tech companies sound the alarm on Trump’s China tariff plans

Therese Poletti's Tech Tales: Apple and other tech companies sound the alarm on Trump’s China tariff plans
Apple Inc. isn’t the only company concerned that President Donald Trump’s latest proposed tariffs on an additional $200 billion of goods made in China will lead to higher prices for consumers, lower profits for the tech industry and slower economic growth. Hundreds of U.S. companies, including a swath of tech companies, are concerned about the potential impact on prices, profits,... Read More

The Ratings Game: Sonos stock suffers biggest drop yet after post-IPO earnings report

The Ratings Game: Sonos stock suffers biggest drop yet after post-IPO earnings report
Shares of Sonos Inc. suffered by far their largest single-day percentage drop Tuesday, after the speaker manufacturer delivered a bland first earnings report as a public company. The company’s June-quarter results were largely in line with expectations, as was the company’s September-quarter outlook, but Sonos SONO, -22.03%  shares tumbled 22% in Tuesday trading, after the stock gained 13% in Monday’s... Read More

When private equity firms buy colleges, students often pay more

When private equity firms buy colleges, students often pay more
When Wall Street heads to the classroom, the results aren’t great. That’s the takeaway from a working paper distributed this week by the National Bureau of Economic Research. The study, conducted by researchers at New York University’s Stern School of Business and the University of California-Merced, took a look at what happens when private equity firms buy up for-profit colleges.... Read More