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Stocks Fall Ahead of Jobs Report

Global stock markets fell ahead of a U.S. labor market report that investors will examine for clues about the timing of the first U.S. interest rate rise in almost a decade.

Migrant Crisis Divides Europe

Germany and France press the rest of Europe to end squabbling over its exploding numbers of refugees. 137

Image of Syrian Boy Echoes Around World

The 3-year-old was a Syrian Kurd whose relatives’ efforts to emigrate to Canada had been rebuffed, according to media and Kurdish activists. 630

Chinese Navy Ships Passed Through U.S. Territorial Waters

The Pentagon said that five Chinese navy ships operating off Alaska entered U.S. territorial waters, but they complied with international law.

The American Veterans Who Fight ISIS

A former Army Ranger and a decorated Marine are among U.S. veterans volunteering to join Kurdish fighters against Islamic State in Syria.

Inside Israel’s Bid to Derail Iran Pact

Israeli Prime Minister Netanyahu has undertaken a high-stakes campaign to persuade Congress to scuttle the Iran nuclear agreement, leaving the White House infuriated and many Democrats resentful. 164

G-20 Seeks Reassurances that China Plans to Calm Markets

Global finance leaders meeting in Turkey this week are seeking details from Chinese officials on how Beijing plans to calm turbulent markets and prevent a collapse in the world’s second-largest economy.

Analysis

Daimler, Renault Reboot Tiny Car

Daimler is taking another crack at the U.S. market for ultra-compacts with a retooled version of its ForTwo Smart car built through a collaboration that could become a benchmark for other auto makers.

BASF, Gazprom Renew Abandoned Asset-Swap Plan

Germany’s BASF and Russia’s Gazprom will complete an asset-swap deal signed in December 2013 but called off late last year amid mounting political tensions between Russia and the West.

Volkswagen CFO Nominated as Board Chairman

The largest shareholder of Europe’s biggest auto maker nominated the company’s finance chief to become the next chairman of the VW supervisory board.

China’s Smartphone Sector Set for Shakeout

Huawei’s sales of smartphones and other consumer products are holding up in China despite slowing economic growth, with global revenue from the Chinese telecom-equipment maker’s retail business set to grow 30% next year to more than $20 billion.

E-Book Sales Weaken Amid Higher Prices

E-book revenue is falling, and some people in the publishing industry say it is partly because of the higher prices that have resulted from new contracts negotiated with Amazon. 63

ECB Willing to Expand Stimulus Amid Growth Worry

ECB President Mario Draghi indicated that the bank stands ready to expand its stimulus programs and projected slower-than-expected economic growth in the eurozone, as well as lower inflation rates.

Private-Equity Firms Plunge Back Into the Oil Patch

Private-equity firms are doubling down on energy, despite heavy damage from their last adventure in the sector.

UBS Building Virtual Coin For Mainstream Banking

Swiss bank UBS is working on a prototype virtual currency that it hopes will be used by banks and financial institutions as a basis to settle mainstream financial markets transactions.

Traders Ride the ETF Roller Coaster

Mom-and-pop investors who trade in exchange-traded funds and notes linked to commodities have experienced some of the roughest volatility over the past several weeks.

U.S. Will Help Military, Diplomatic Families Leave Turkey

The U.S. has offered to help relatives of American military and diplomatic personnel stationed at Incirlik Air Base and a nearby consulate to leave Turkey, a cautionary move following the start of military operations directed against Islamic State.

Saudi King’s Visit a Chance to Invigorate U.S. Alliance

King Salman of Saudi Arabia arrives Friday for his first White House visit at a pivotal time, when the two allies are trying to maintain their lukewarm agreement on the Iran nuclear deal while striving for new commitments.

Middle East Crossroads

Yemen’s Unity Frays in Leaderless Aden

The battles of recent months have reopened historic divisions between Yemen’s north and south, writes Yaroslav Trofimov.

Kentucky Clerk Jailed Over Gay Marriage Licenses

A federal judge declared a Kentucky county clerk who opposes same-sex marriage on religious grounds in contempt of court for defying his order to issue marriage licenses, and sent the clerk to jail until she complies. 2458

Fashion

How Fashion Experts Shop the High Street

Despite the crowds, the lines and the overpacked rails, there are real gems to be found in mainstream stores—you just need to know how to find them.

Theater

Michael Grandage: A Director’s DNA

With ‘Photograph 51’ at London’s Noël Coward Theatre, the acclaimed director coaxes Nicole Kidman back onstage for an exploration of the passion and poetry of science.

Going Native in NYC: 8 Things to Do as an Expat in the Big Apple

You’re relocating to the Center of the Universe, a.k.a. the Capital of the World, a.k.a. the City That Never Sleeps. So what do you do to embrace New York?

Adventure & Travel

Not Far From Prague, a Czech Village Worth Rhapsodizing About

The frozen-in-time town of Český Krumlov has scenery and history—and beer—that keeps travelers coming back.

Video

Father of Drowned Syrian Boy Describes His Sorrow

1:52

Migrant Crisis: The Schengen Agreement Explained

1:55

Tesla's New Model X SUV Finally Set for Delivery

2:25

Mind and Matter

The Power of Brains to Keep Growing

Not long ago, scientists thought that after infancy, our brains never added any neurons. Patricia Churchland on how brains keep growing

Film Review

‘La Jaula de Oro (The Golden Dream)’ Review: Dark Immigrant Odyssey

In Diego Quemada-Diez’s celebrated directorial debut, a trio of teenagers flee from Guatemala and make their way through a treacherous Mexico, where police and gangsters prey on vulnerable travelers.

WSJ Blogs

Real-time commentary and analysis from The Wall Street Journal
Die Seite Drei
Schnelle Analysen und Beobachtungen zum Zeitgeschehen

Steinbrück steht sich selbst im Weg

Clemens Bilan/dapd
Peer Steinbrück am Dienstag im Bundestag.

„Das größte Problem für Steinbrück heißt Steinbrück“, wird in der SPD inzwischen nicht mehr nur hinter vorgehaltener Hand gesagt. Nach dem verpatzten Start legte der designierte SPD-Kanzlerkandidat Peer Steinbrück jetzt noch einmal nach und liefert ein erneutes Beispiel seiner Beratungsresistenz. Nur wenige Tage war der umtriebige Investor und Kunstmäzen Roman Maria Koidl Berater im Wahlkampf-Team von Steinbrück. Jetzt musste er gehen.

Schon  die Nominierung des 45-jährigen Autors löste in SPD Entsetzen aus und weckte böse Vorahnungen. Hat denn keiner genauer auf den Lebenslauf des Investors geschaut, hieß es. Schnell wird klar, es gab warnende Stimmen, die Steinbrück in den Wind schlug. Koidl arbeitete einst als Berater des Investmentfonds Cerberus Global Investors und des Investment Fund Värde Partners Europe. Vor allem Cerberus gilt als Beispiel der Hedgefonds, die Ex-Parteichef Franz Müntefering vor etwa sieben Jahren mit seiner Heuschrecken-Debatte gemeint hat. Cerberus ist in Deutschland vor allem auf dem Immobilienmarkt aktiv und hat unter anderem die Wohnungen der „Neuen Heimat“ aufgekauft.

In den 1990er Jahren gründete Koidl die Kaffeehauskette World Coffee, die er später verkaufte. Auch als Investor der Konfiseriekette Most Chocolat stieg der gebürtige Österreicher ein, musste aber 2002 Konkurs anmelden. Als Autor versuchte sich Koidl als Frauenversteher und veröffentlichte Bücher mit Titeln wie „Scheißkerle: Warum es immer die Falschen sind“ und „Blender“, die erfolgreich waren.

Gero Breloer/AP/dapd
Nicht mehr Steinbrück-Berater: Roman Maria Koidl.

Der Sitz seiner jetzigen Firma ist das Steuerparadies Schweiz. Sich selbst bezeichnet der Lebenspartner von TV-Moderatorin Caroline Beil auf seiner Homepage als Markenmacher. Koidl ist zudem weder durch politisches Engagement noch durch eine besondere Online-Kompetenz aufgefallen. Viele Genossen rätseln deshalb, was Steinbrück wohl dazu brachte, Koidl in sein Team zu holen. Angeblich haben sich beide über den gemeinsamen Verlag Hoffmann & Campe kennengelernt.

Einmal mehr gibt die Personalie aber Aufschluss über Steinbrücks Schwächen. Auch in der Debatte über seine Nebeneinkünfte von etwa zwei Millionen Euro gab sich der designierte Kanzlerkandidat uneinsichtig. Erst als die  SPD die ausufernde Debatte nicht mehr unter Kontrolle halten konnte, erklärte sich Steinbrück zur Offenlegung der Honorare für Vorträge bereit. Besonders sein 25.000-Euro-Honorar für eine Veranstaltung bei den Stadtwerken Bochum stieß den Genossen bitter auf. Immerhin gehört Bochum zu den Kommunen mit einer chronisch klammen Stadtkasse. Erst nach langem Hickhack erklärte sich Steinbrück bereit, das Geld für gemeinnützige Einrichtungen zu spenden.

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Die Seite Drei – Über uns

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The Wall Street Journal & Breaking News, Business, Financial and Economic News, World News and Video
Search

Stocks Fall Ahead of Jobs Report

Global stock markets fell ahead of a U.S. labor market report that investors will examine for clues about the timing of the first U.S. interest rate rise in almost a decade.

Migrant Crisis Divides Europe

Germany and France press the rest of Europe to end squabbling over its exploding numbers of refugees. 137

Image of Syrian Boy Echoes Around World

The 3-year-old was a Syrian Kurd whose relatives’ efforts to emigrate to Canada had been rebuffed, according to media and Kurdish activists. 630

Chinese Navy Ships Passed Through U.S. Territorial Waters

The Pentagon said that five Chinese navy ships operating off Alaska entered U.S. territorial waters, but they complied with international law.

The American Veterans Who Fight ISIS

A former Army Ranger and a decorated Marine are among U.S. veterans volunteering to join Kurdish fighters against Islamic State in Syria.

Inside Israel’s Bid to Derail Iran Pact

Israeli Prime Minister Netanyahu has undertaken a high-stakes campaign to persuade Congress to scuttle the Iran nuclear agreement, leaving the White House infuriated and many Democrats resentful. 164

G-20 Seeks Reassurances that China Plans to Calm Markets

Global finance leaders meeting in Turkey this week are seeking details from Chinese officials on how Beijing plans to calm turbulent markets and prevent a collapse in the world’s second-largest economy.

Analysis

Daimler, Renault Reboot Tiny Car

Daimler is taking another crack at the U.S. market for ultra-compacts with a retooled version of its ForTwo Smart car built through a collaboration that could become a benchmark for other auto makers.

BASF, Gazprom Renew Abandoned Asset-Swap Plan

Germany’s BASF and Russia’s Gazprom will complete an asset-swap deal signed in December 2013 but called off late last year amid mounting political tensions between Russia and the West.

Volkswagen CFO Nominated as Board Chairman

The largest shareholder of Europe’s biggest auto maker nominated the company’s finance chief to become the next chairman of the VW supervisory board.

China’s Smartphone Sector Set for Shakeout

Huawei’s sales of smartphones and other consumer products are holding up in China despite slowing economic growth, with global revenue from the Chinese telecom-equipment maker’s retail business set to grow 30% next year to more than $20 billion.

E-Book Sales Weaken Amid Higher Prices

E-book revenue is falling, and some people in the publishing industry say it is partly because of the higher prices that have resulted from new contracts negotiated with Amazon. 63

ECB Willing to Expand Stimulus Amid Growth Worry

ECB President Mario Draghi indicated that the bank stands ready to expand its stimulus programs and projected slower-than-expected economic growth in the eurozone, as well as lower inflation rates.

Private-Equity Firms Plunge Back Into the Oil Patch

Private-equity firms are doubling down on energy, despite heavy damage from their last adventure in the sector.

UBS Building Virtual Coin For Mainstream Banking

Swiss bank UBS is working on a prototype virtual currency that it hopes will be used by banks and financial institutions as a basis to settle mainstream financial markets transactions.

Traders Ride the ETF Roller Coaster

Mom-and-pop investors who trade in exchange-traded funds and notes linked to commodities have experienced some of the roughest volatility over the past several weeks.

U.S. Will Help Military, Diplomatic Families Leave Turkey

The U.S. has offered to help relatives of American military and diplomatic personnel stationed at Incirlik Air Base and a nearby consulate to leave Turkey, a cautionary move following the start of military operations directed against Islamic State.

Saudi King’s Visit a Chance to Invigorate U.S. Alliance

King Salman of Saudi Arabia arrives Friday for his first White House visit at a pivotal time, when the two allies are trying to maintain their lukewarm agreement on the Iran nuclear deal while striving for new commitments.

Middle East Crossroads

Yemen’s Unity Frays in Leaderless Aden

The battles of recent months have reopened historic divisions between Yemen’s north and south, writes Yaroslav Trofimov.

Kentucky Clerk Jailed Over Gay Marriage Licenses

A federal judge declared a Kentucky county clerk who opposes same-sex marriage on religious grounds in contempt of court for defying his order to issue marriage licenses, and sent the clerk to jail until she complies. 2458

Fashion

How Fashion Experts Shop the High Street

Despite the crowds, the lines and the overpacked rails, there are real gems to be found in mainstream stores—you just need to know how to find them.

Theater

Michael Grandage: A Director’s DNA

With ‘Photograph 51’ at London’s Noël Coward Theatre, the acclaimed director coaxes Nicole Kidman back onstage for an exploration of the passion and poetry of science.

Going Native in NYC: 8 Things to Do as an Expat in the Big Apple

You’re relocating to the Center of the Universe, a.k.a. the Capital of the World, a.k.a. the City That Never Sleeps. So what do you do to embrace New York?

Adventure & Travel

Not Far From Prague, a Czech Village Worth Rhapsodizing About

The frozen-in-time town of Český Krumlov has scenery and history—and beer—that keeps travelers coming back.

Video

Father of Drowned Syrian Boy Describes His Sorrow

1:52

Migrant Crisis: The Schengen Agreement Explained

1:55

Tesla's New Model X SUV Finally Set for Delivery

2:25