12.01.17 FT – Vast Malls Fail to Lure China’s Elusive Consumers
It is important to understand the argument made here — the stalled shift in the Chinese economy from “investment driven” to “consumption driven”…
WSJ US Business- Lockout Tests Union's CloutLocked-out workers at a rail locomotive factory owned by Caterpillar in London, Ontario, are digging in for what looks like a long struggle.
- Money From MF Global Feared GoneOfficials fear they may never be able to recover an estimated $1.2 billion in missing customer funds.
- Email Giants Move to Slash 'Phishing'Email-service providers Google, Yahoo, Microsoft and AOL are backing a new effort by 15 companies, also including Bank of America, Fidelity and eBay, to dramatically reduce "phishing" emails—which attempt to trick recipients into thinking they come from a legitimate source.
- Law Firms Keep Squeezing AssociatesLaw firms are finally starting to recover from the recession but aren't taking young lawyers along for the ride. Cautious partners with one eye on damaged balance sheets and the other on stingy clients are keeping lean silhouettes. That means little relief for young associates.
- An Upload King's Quiet StepsMegaupload founder Kim Dotcom, arrested 10 days ago on charges of online piracy, became the public face of file sharing, with his playboy lifestyle. But one of his main rivals has preferred to keep a lower public profile, largely staying out of sight while his company has lobbied Capitol Hill.
- Action Likely Against UBSBritish and Swiss regulators are likely to begin enforcement proceedings against Swiss bank UBS for shortcomings that allowed a London trader to make unauthorized trades last year.
- NBC Goes for It on Fourth and LongAs the New England Patriots and New York Giants face off in Sunday's Super Bowl, another team also is hoping to gain some much-needed yardage: NBC.
- ABB Nears Deal to Buy Electrical Parts MakerABB was nearing a deal to acquire Thomas & Betts of the U.S. for about $4 billion, in a continued push by the Swiss engineering company to boost growth through acquisitions.
- Exxon Mobil to Unload Its Subsidiary in JapanExxon Mobil said it would restructure its Japan operations, announcing plans to sell its subsidiary in the country for $3.91 billion and to give up control of Japan's TonenGeneral Sekiyu.
- AMR's Nonunion Retirees Seek a Louder VoiceAMR Corp.'s nonunion retirees, who fear their benefits are at risk as American Airlines' parent works to get leaner in Chapter 11, are seeking a louder voice in the case.
- Citi Chairman Parsons Considers a DepartureRichard D. Parsons, who as chairman of Citigroup helped steer the bank through its near-death experience in the financial crisis, is considering stepping down after three years in the post, said people familiar with the situation.
- Tiny Homes Carve a NicheIt may be one of the most intriguing trends in homebuilding: do-it-yourself tiny homes. Amid a growing interest in eco-friendly lifestyles comes a spate of picture books capturing the joys of shoe box living.
- Van Zandt's Netflix-Only Drama Tests New Ground in StreamingE Street Band guitarist and "The Sopranos" actor Steven Van Zandt has Olympic-size dreams for his new Netflix Inc. original series, "Lilyhammer."
- 'The Grey' Leads MoviesThe man-vs-nature thriller "The Grey," starring Liam Neeson, grossed $20 million over the weekend. Meanwhile, some Oscar nominees expanded their distribution reach.
- How 'Arbitrage' Located the Perfect Movie SetThe director used his father's mansion for many of the scenes in the film, which landed a healthy distribution deal at the Sundance Film Festival.
- Lockout Tests Union's Clout
