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Dixons Carphone books FY loss on store closures

Dixons Carphone PLC said Wednesday that it booked a pretax loss for fiscal 2020 and wasn't issuing any electricals sales or profit guidance for the current year due to uncertainty stemming from the coronavirus pandemic.

Severn Trent backs FY 2021 guidance

Severn Trent PLC on Wednesday said trading over the first quarter of the fiscal year was as expected, and anticipated a full-year performance consistent with previous guidance. The U.K. water utility company said it hasn't...

GlaxoSmithKline's myeloma drug gets FDA panel nod

GlaxoSmithKline PLC said Wednesday that a U.S. Food and Drug Administration committee has voted in favor of its belantamab mafodotin antibody drug as therapy for the treatment of relapsed or refractory multiple myeloma.

Aker Solutions cautiously optimistic

Aker Solutions ASA on Wednesday reiterated recently released second-quarter revenue and order intake, and said it is cautiously optimistic around new projects as commodity prices stabilize. The oil-and-gas industry service...

SEB profit falls amid provisions, FSA fine

STOCKHOLM--Skandinaviska Enskilda Banken AB said Wednesday that second-quarter net profit fell amid higher credit loss provisions and a fine from Sweden's financial regulator. The Sweden-based bank posted net profit of 3.5...

TomTom swings to net loss, says revenue recovering

TomTom NV said Wednesday that it swung to a net loss for the second quarter of 2020 and that its operational revenue is on track to recovery from the lows it experienced in April due to the coronavirus pandemic.

BOJ cuts growth forecast, keeps policy unchanged

TOKYO--The Bank of Japan lowered its economic growth forecast on Wednesday in a reflection of the coronavirus pandemic, and kept its monetary policy unchanged. "Japan's economy has been in an extremely severe situation wit...

Handelsbanken profit beats, boosted by lower costs

STOCKHOLM--Svenska Handelsbanken AB on Wednesday posted a 6.1% drop in second-quarter net profit as lower interest rates dented income, but the profit decline was smaller than expected amid lower costs and a sharp fall in ...

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China warns it will protect its companies if U.S. comes after them on human rights

China’s government has warned it will protect Chinese companies after Washington said enterprises may face legal trouble if they help carry out abuses in the Muslim northwestern region of Xinjiang.

by Associated Press
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Federal appeals court temporarily halts Dakota Access pipeline shutdown

A federal appeals court on Tuesday temporarily halted a judge’s order that the Dakota Access Pipeline be shut down in three weeks.

by Associated Press
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Stocks in Asia follow their U.S. counterparts higher early Wednesday

Stocks in Asia were mostly higher early Wednesday, following a rally in U.S. markets driven by optimism over the gradual economic recovery from the coronavirus pandemic.

by MarketWatch
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Trump-backed candidate Tuberville beats former Attorney General Sessions in Alabama GOP Senate primary

Former U.S. Attorney General Jeff Sessions lost the Republican nomination for his old Senate seat in Alabama to former college football coach Tommy Tuberville, likely ending a long political career with a bitter defeat egg...

by Associated Press
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Major banks are hauling in ‘big fees’ from debt and equity underwriting during the coronavirus crisis

Despite earnings that are under pressure, major banks are raking in big fees from debt, equity and other capital markets activities as the Federal Reserve does ‘whatever it takes’ to keep credit flowing.

by Joy Wiltermuth
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As Trump’s rocky relationship with Fauci deteriorates, America’s top infectious disease doctors say: ‘We will not be silenced nor sidelined’

Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, visited the White House on Monday after the Trump administration criticized him amid a surge in coronavirus cases in the U.S.

by Quentin Fottrell
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I filed a joint tax return with my estranged wife because she is a gambler and her finances are a mess. But I got NO stimulus check — what can I do?

‘Although we are separated, we are good friends and I try to look out for her in any way that I can. We filed in February and, shortly thereafter, the pandemic hit.’

by Quentin Fottrell
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Gold timers have rarely been more bullish than they are today — that’s a bad sign

Gold’s new all-time high will have to wait.

by Mark Hulbert
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Supreme Court’s Ginsburg undergoes procedure to clean bile-duct stent

The Supreme Court said Tuesday that Justice Ruth Bader Ginsburg has been admitted to the hospital for treatment of a possible infection and will stay in the hospital for a few days following a medical procedure.

by Associated Press
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Dow Gains as Tech Selloff Ends as Quickly as It Began

Tech looked to be in trouble in early morning trading, with the Nasdaq falling by as much as 2%. And then it wasn’t.

by Barron's

Trump says he has no plans to speak to China's Xi

by Robert Schroeder
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Google Promises the EU It Won’t Use Fitbit Data to Target Ads

Potentially softening the ground for Google’s pending acquisition of Fitbit, Alphabet pledged late Monday not to use health data from the fitness tracking company to target ads.

by Barron's

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Tuberville Beats Sessions in Alabama Senate GOP Primary

The Trump-supported former college-football coach defeated the ex-attorney general. In Maine, Democratic winner Sara Gideon will face Republican Sen. Susan Collins.

by Natalie Andrews

Pepper...and Salt

Pepper...and Salt

Corrections & Amplifications

Corrections & Amplifications for the edition of July 15, 2020

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Kansas GOP Congressman Steve Watkins Faces Voter Fraud Charges

Rep. Steve Watkins faces three felony charges related to a 2019 local election: interference with law enforcement by providing false information, voting without being qualified and unlawful advance voting.

by Lindsay Wise
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What To Know About The Ivy League Canceling Sports This Fall

Other conferences could follow suit in the coming weeks.

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Trump Signs Hong Kong Sanctions Bill, Pivots to Criticizing Biden

President Trump said he signed into law a bipartisan sanctions bill to punish Chinese officials over Beijing’s crackdown on Hong Kong, in an hour-long press conference at the White House dominated by criticisms of Joe Bide...

by Andrew Restuccia
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Surge in Covid-19 Cases Forces States to Tighten Rules

Coronavirus cases in the U.S. continued to grow in dozens of states, as some officials instituted fresh containment measures and others examined how reopening plans failed to anticipate surges in new infections and related...

by Jennifer Calfas
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Dunford Won’t Lead Panel Overseeing Coronavirus Relief Funds

Retired Gen. Joe Dunford has dropped out of consideration to lead a congressional panel overseeing $500 billion in coronavirus relief funds.

by Andrew Duehren
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Women and Men Age Differently—in More Ways Than Just Longevity

Researchers who study aging and age-related disease are probing why men and women age differently, and what gender-based differences mean for cardiovascular health, immunity and the brain.

by Clare Ansberry
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Has Covid Brought an End to Helicopter Parenting?

The pressures of the pandemic have forced families to abandon the hypervigilant approach popular since the 1990s. That could help kids become more independent, but also comes with risks.

by Anne Marie Chaker
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California’s Second Shutdown

Gov. Newsom succumbs to pressure and locks the economy again.

by The Editorial Board
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GPB Capital Denies Massachusetts Fraud Claims

The firm has denied fraud and other claims made by Massachusetts securities regulators in May, saying that the state failed to provide evidence to back its case and that it lacked jurisdiction, among other issues.

by Ted Bunker
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Paper Store Files for Bankruptcy, Hit by Pandemic

The privately owned Acton, Mass.-based company said the pandemic caused temporary store closures, hurting revenue. It also said sales of sports items were weaker after the New England Patriots failed to advance in the Nati...

by Becky Yerak
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Why Putin Loves America’s Greens

Europe fast-tracks Nord Stream 2 as the left blocks U.S. pipelines.

by The Editorial Board
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The Speech Police at Princeton

The cancel culture targets a respected classics professor.

by The Editorial Board
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Hong Kong’s Endangered Elections

The Communist Party moves to outlaw any political opposition.

by The Editorial Board
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Trump Administration Rescinds Rules on Foreign Students Studying Online

The Trump administration has agreed to rescind rules it issued last week barring international students from being in the U.S. if they were taking classes only online, a rare reversal by the government on immigration policy.

by Michelle Hackman
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Can We Find New Governors?

The strange reaction to Ivanka Trump’s jobs campaign.

by James Freeman
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The Biden Tax Hike Would Be Severe

If the Democrats sweep in November, make sure your lawyer and financial advisers are standing by.

by Philip DeMuth
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The Justices’ Wakeup Call to Congress

When it created the CFPB, the legislature gave it immense power. Now, the presidency has a hold of it.

by Mick Mulvaney