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Investors Betting on More ECB Stimulus

Six months after the European Central Bank launched its blockbuster bond-buying program to rouse the region’s economy, some investors are betting that authorities will crank stimulus efforts even higher.

Global Stocks Try to Regain Footing

Global stock markets rebounded slightly though investors remained cautious amid lasting concerns over China’s economy.

China Imposes New Controls to Keep Money From Leaving Country

China is imposing fresh controls to prevent too much money from leaving the country, in an effort to keep funds at home.

Tesco Closer to $7 Billion South Korea Deal

U.K. retailer Tesco has chosen Asian private-equity firm MBK Partners as the preferred bidder to buy its South Korea retail operations in a deal that could be worth up to $7 billion.

Analysis

Clashing Interests Hamstring EU Response to Crisis

Europe’s migrant struggle highlights the chasm between Europe’s principles and its ability to live up to them.

Volkswagen Extends CEO Martin Winterkorn’s Contract

German car maker Volkswagen said it would extend the contract of Chief Executive Martin Winterkorn through 2018, ending speculation that he could step down as CEO and become chairman.

Conglomerate Honeywell Finds Love Amid the Breakups

Investors have rewarded Honeywell, even as other conglomerates have been pressured to tighten their focus.

Lego Profit Boosted by Asia

Danish toy maker Lego outpaced the growth for building sets in the wider U.S. toy market, booking a 31% jump in first-half profit and a 23% rise in revenue.

Bayer Separates Material Science Business

German pharmaceuticals group Bayer has moved a step closer to floating its $12.3 billion specialty chemicals business by ‘legally and economically’ separating the unit, now named Covestro.

McDonald’s Plans All-Day Breakfast

McDonald’s is embarking on its biggest operational change in years with plans to offer breakfast all day. 78

South African Gold Faces Uncertain Future

South Africa’s gold mining industry must undergo radical change to cope with falling prices, intensifying labor disputes and the surging cost of ever-deeper exploration.

Uber Drivers’ Suit Granted Class-Action Status

A federal judge has granted class-action status to a lawsuit claiming Uber Technologies treats its drivers like employees without providing health benefits and paying for expenses normally covered by an employer. 135

Commodity Drop Slows Canada Down

Canada’s woes are a harbinger of what could come for a small clutch of advanced economies that rely heavily on commodity exports, and demand from China, for their economic growth.

UBS Unit to Pay More Than $2.9 Million to Investors in Puerto Rico

UBS AG’s wealth-management unit was ordered to pay more than $2.9 million to two investors in Puerto Rico for losses tied to funds holding the island’s municipal bonds.

Market Bets Abound, but Where Are the Banks?

Goldman Sachs and its big-bank peers have sharply reduced their market exposure, making them relatively absent from trading in the latest volatility.

As Wall Street brims with tales of hedge-fund fortunes made and lost amid recent market gyrations, banks have been stuck on the sidelines, hamstrung by postcrisis rules governing what risks they can take.

Portuguese Central Bank Ends Talks With Anbang Over Novo Banco Sale

Portugal’s central bank will now enter talks with another bidder for the Portuguese bank created out of failed lender Banco Espírito Santo last year.

Greek Polls Suggest Tough Election Test for Tsipras

Opinion polls show declining support for Greece’s Syriza party and its leader, Alexis Tsipras. But Syriza retains a lead over its opponents and the Sept. 20 election could be tight.

Gunmen Kidnap 18 Turkish Workers in Baghdad, Says Iraqi Official

Masked gunmen in pick-up trucks kidnapped 18 Turkish workers on the outskirts of Baghdad, an Iraqi security official said.

Main Suspect in Bangkok Bombing Arrested

Thailand’s prime minister said security forces arrested a man whom they believe to be the primary suspect in the bombing of a shrine in Bangkok last month.

Pope to Make It Easier for Priests to Grant Pardons for Abortion

Pope Francis will make it easier for priests to forgive women for having had abortions, and those who assisted, during a “year of mercy” starting Dec. 8. 587

U.K. Agrees to Change EU Referendum Question

The U.K. government has agreed to change the question in its planned referendum on EU membership after the country’s electoral watchdog said some people found the original wording was biased.

Technology

Intel Bets New Chips Will Revive PC Sales

Intel is overhauling its flagship line of computer chips in a high-stakes bid to revive personal-computer sales.

U.S.

Sidney Blumenthal, center, a longtime Hillary Clinton friend who was an unofficial adviser while she was secretary of state, takes a lunch break during a private session of the House Select Committee on Benghazi in Washington in June.

Emails Point to Large Role for Clinton Adviser

Longtime aide Sidney Blumenthal maintained an outsize role with Secretary of State Hillary Clinton, despite being blocked from taking a job at the department. 71

U.S. Report Sees Economic Benefit in Allowing Oil Exports

Lifting the nation’s four-decade ban on oil exports wouldn’t raise gas prices and could help lower them, a government study concludes.

Video

Hungary Stops Migrants Boarding Trains To Germany

1:46

Ukraine Protest Blast Kills Officer, Injures Dozens

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Body Count Rises in Migrant Effort to Reach Europe

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Außerirdisch gute Siemens-Werbung

Ursula Quass/TheWall Street Journal
Der Mars-Rover Curiosity ist seit August auf dem roten Planeten unterwegs und jetzt auch auf dem Münchner Odeonsplatz – hier allerdings nicht im Auftrag der Nasa, sondern als Werbebotschafter von Siemens.

Schlechte Presse hatte Siemens in letzter Zeit genug: Pannen und millionenschwere Abschreibungen auf verpatzte Großprojekte, Spekulationen über einen deutlichen Abbau von Arbeitsplätzen zur Kostensenkung und bisweilen heftige Kritik am Management bei der Hauptversammlung. Und auch wenn Siemens zuletzt kaum jemanden davon überzeugen konnte, dass der Technikriese Großprojekte tatsächlich kann, eines beherrscht der Konzern in jedem Fall: Werbung in eigener Sache.

Am Mittwoch durften die rund 8.100 Aktionäre bei der Hauptversammlung in der Münchener Olympiahalle das mit Siemens-Spezialsoftware entwickelte Mars-Erkundungsfahrzeug „Curiosity“ bestaunen. Jetzt wird er auch dem gemeinen Fußvolk gezeigt. In zentraler Lage, mitten auf dem Odeonsplatz in der Altstadt, lockt ein Modell in Originalgröße einen Tag lang einen steten Besucherstrom zu dem rund 250 Kilogramm schweren Gefährt. Das Original ist seit dem 5. August auf dem Roten Planeten tätig und mit seinen gut 900 Kilogramm noch einmal ein ganzes Stück schwerer. Mit seinen verschiedenen Messgeräten und Werkzeugen ist es nach Siemens-Angaben der „am weitesten entwickelte Rover, der je zum Mars geschickt wurde“.

Die Siemens-Software kam dabei schon lange vorher zum Einsatz. Mit ihrer Hilfe wurde das Ungetüm auf Rollen am Computerbildschirm entworfen, virtuell zusammengebaut und seine Funktionen simuliert, bevor es überhaupt einen ersten Prototypen gab. Das für einen Tag in der Münchener Innenstadt aufgestellte Modell ist eine Leihgabe der US-amerikanischen Luft- und Raumfahrtbehörde Nasa, die Siemens mit der Entwicklung der Software beauftragt hatte. „Wir möchten damit zeigen, was unsere Kunden mit unserer Software leisten können“, sagt ein Siemens-Mitarbeiter mit unüberhörbarem Stolz in der Stimme.

Eine Leistungsschau, die Siemens durchaus nötig hat. Schließlich steht nach den Pannen bei der Anbindung von Windparks vor der Küste und der mehrfach verschobenen Auslieferung von ICE-Zügen der neuesten Generation neben dem Projektmanagement der Münchener auch deren vielbeschworene Technologieführerschaft im Zentrum kritischer Fragen.

Nachdem „Curiosity“ schon beim Aktionärstreffen seinem Namen alle Ehre gemacht und zahlreiche Neugierige angezogen hatte, wollte Siemens das futuristische Vehikel nun auch einer größeren Öffentlichkeit zugänglich machen, wie der Mitarbeiter erläutert. Auch er hat den Rover heute zum ersten Mal in Originalgröße gesehen. „Er ist erstaunlich groß“, zeigt er sich überrascht.

Ein Eindruck, den viele am Odeonsplatz haben. „Ich wundere mich, dass der so groß ist“, sagte etwa Jan Opalka. Der junge Mann ist in der Mittagspause zufällig vorbeigekommen. Hubert und Gisela Mark sind dagegen extra in die Innenstadt gefahren. „Wir haben gar nicht gewusst, dass Siemens so etwas auch macht“, zeigen sie sich beeindruckt. Von der Konzern- und Aktienentwicklung sind die beiden Kleinaktionäre dagegen weitaus weniger überzeugt. „Die Aktie steigt halt nicht so toll“, kritisiert Gisela Mark. An einen Verkauf denken die beiden aber nicht. „Die lassen wir im Depot liegen, wir hoffen ja. Technisch ist Siemens ja weit vorn – wer auch sonst“, sagt sie noch und widmet sich dann wieder ihren Betrachtungen.

Auch eine ehemalige Siemens-Mitarbeiterin, die ihren Namen lieber nicht lesen will, mustert das Raumfahrzeug von allen Seiten ganz genau. „Ich bin am Heimweg von einem Seminar extra ausgestiegen und hergekommen. Meiner Kollegin war das zu viel Aufwand. Sie hat aber gesagt, ich soll mir alles gut anschauen, damit ich das morgen genau beschreiben kann“, lacht sie. Der Umweg habe sich auf jeden Fall gelohnt, schließlich habe sie sich „Curiosity“ viel fragiler und „mehr so puppenstubenmäßig“ vorgestellt. „Die Produkte bei Siemens sind ja gut, aber drumherum, wo’s menschelt, da wird’s schwierig. Die berappeln sich aber wieder, Siemens kann ja auch nicht immer oben sein“, ist auch sie für die Zukunft optimistisch.

Potenziellen Nachwuchs-Aktionären wie dem vierjährigen Paul sind solche Überlegungen ohnehin egal. Er bohrt mit seinen Fingern fröhlich in dem rund um das Gefährt aufgeschütteten Sand. Eine klare Meinung zu dem Hightech-Gerät hat aber auch er: „Der ist toll“, sagt er mit glänzenden Augen.

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    • Yb0SMh imclvteeueoz

    • Cheap labor is anethema to inotvanion. Why invest in capital equipment to make labor more productive, if I can rent cheap labor to do it by hand?The Romans had the steam engine, but it was never developed because 1/3 of the Romans were slaves.How many Mexicans have been sent back? The Bush Administration has had almost zero workplace enforcement of immigration laws. It is a disgrace, but that's what you get when the Chamber of Commerce is running the country. Even if your theory is correct (and it isn't), there are more Mexicans living in the US today (June 12, 2008) than at any time in our history, so lower end properties should be selling as soon as they hit the market.Recessions are caused by excessive debt to GDP production. They always have been and always will be. Debt needs to be worked out, and that is the job of the recession.This recession is long overdue. The debt/GDP ratio is off the charts and in record territory, and we technically are not in a recession. When the GDP drops, the ratio will spike even higher.Cheap labor is always a short-term benefit, and a long term problem.HI-B visas make American sources of IT harder to come by, thus requiring the need for more HI-Bs, which disincentifies kids to want to go into IT, which makes Bill Gates lobby for more HI-B Rate this comment: 0 0

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

Investors Betting on More ECB Stimulus

Six months after the European Central Bank launched its blockbuster bond-buying program to rouse the region’s economy, some investors are betting that authorities will crank stimulus efforts even higher.

Global Stocks Try to Regain Footing

Global stock markets rebounded slightly though investors remained cautious amid lasting concerns over China’s economy.

China Imposes New Controls to Keep Money From Leaving Country

China is imposing fresh controls to prevent too much money from leaving the country, in an effort to keep funds at home.

Tesco Closer to $7 Billion South Korea Deal

U.K. retailer Tesco has chosen Asian private-equity firm MBK Partners as the preferred bidder to buy its South Korea retail operations in a deal that could be worth up to $7 billion.

Analysis

Clashing Interests Hamstring EU Response to Crisis

Europe’s migrant struggle highlights the chasm between Europe’s principles and its ability to live up to them.

Volkswagen Extends CEO Martin Winterkorn’s Contract

German car maker Volkswagen said it would extend the contract of Chief Executive Martin Winterkorn through 2018, ending speculation that he could step down as CEO and become chairman.

Conglomerate Honeywell Finds Love Amid the Breakups

Investors have rewarded Honeywell, even as other conglomerates have been pressured to tighten their focus.

Lego Profit Boosted by Asia

Danish toy maker Lego outpaced the growth for building sets in the wider U.S. toy market, booking a 31% jump in first-half profit and a 23% rise in revenue.

Bayer Separates Material Science Business

German pharmaceuticals group Bayer has moved a step closer to floating its $12.3 billion specialty chemicals business by ‘legally and economically’ separating the unit, now named Covestro.

McDonald’s Plans All-Day Breakfast

McDonald’s is embarking on its biggest operational change in years with plans to offer breakfast all day. 78

South African Gold Faces Uncertain Future

South Africa’s gold mining industry must undergo radical change to cope with falling prices, intensifying labor disputes and the surging cost of ever-deeper exploration.

Uber Drivers’ Suit Granted Class-Action Status

A federal judge has granted class-action status to a lawsuit claiming Uber Technologies treats its drivers like employees without providing health benefits and paying for expenses normally covered by an employer. 135

Commodity Drop Slows Canada Down

Canada’s woes are a harbinger of what could come for a small clutch of advanced economies that rely heavily on commodity exports, and demand from China, for their economic growth.

UBS Unit to Pay More Than $2.9 Million to Investors in Puerto Rico

UBS AG’s wealth-management unit was ordered to pay more than $2.9 million to two investors in Puerto Rico for losses tied to funds holding the island’s municipal bonds.

Market Bets Abound, but Where Are the Banks?

Goldman Sachs and its big-bank peers have sharply reduced their market exposure, making them relatively absent from trading in the latest volatility.

As Wall Street brims with tales of hedge-fund fortunes made and lost amid recent market gyrations, banks have been stuck on the sidelines, hamstrung by postcrisis rules governing what risks they can take.

Portuguese Central Bank Ends Talks With Anbang Over Novo Banco Sale

Portugal’s central bank will now enter talks with another bidder for the Portuguese bank created out of failed lender Banco Espírito Santo last year.

Greek Polls Suggest Tough Election Test for Tsipras

Opinion polls show declining support for Greece’s Syriza party and its leader, Alexis Tsipras. But Syriza retains a lead over its opponents and the Sept. 20 election could be tight.

Gunmen Kidnap 18 Turkish Workers in Baghdad, Says Iraqi Official

Masked gunmen in pick-up trucks kidnapped 18 Turkish workers on the outskirts of Baghdad, an Iraqi security official said.

Main Suspect in Bangkok Bombing Arrested

Thailand’s prime minister said security forces arrested a man whom they believe to be the primary suspect in the bombing of a shrine in Bangkok last month.

Pope to Make It Easier for Priests to Grant Pardons for Abortion

Pope Francis will make it easier for priests to forgive women for having had abortions, and those who assisted, during a “year of mercy” starting Dec. 8. 587

U.K. Agrees to Change EU Referendum Question

The U.K. government has agreed to change the question in its planned referendum on EU membership after the country’s electoral watchdog said some people found the original wording was biased.

Technology

Intel Bets New Chips Will Revive PC Sales

Intel is overhauling its flagship line of computer chips in a high-stakes bid to revive personal-computer sales.

U.S.

Sidney Blumenthal, center, a longtime Hillary Clinton friend who was an unofficial adviser while she was secretary of state, takes a lunch break during a private session of the House Select Committee on Benghazi in Washington in June.

Emails Point to Large Role for Clinton Adviser

Longtime aide Sidney Blumenthal maintained an outsize role with Secretary of State Hillary Clinton, despite being blocked from taking a job at the department. 71

U.S. Report Sees Economic Benefit in Allowing Oil Exports

Lifting the nation’s four-decade ban on oil exports wouldn’t raise gas prices and could help lower them, a government study concludes.

Video

Hungary Stops Migrants Boarding Trains To Germany

1:46

Ukraine Protest Blast Kills Officer, Injures Dozens

0:45

Body Count Rises in Migrant Effort to Reach Europe

1:38

Personal Tech | DxO One Review

Finally, an iPhone Camera Good Enough for a Pro

The DxO One is a tiny attachment offering a big upgrade to your iPhone camera. Geoffrey A. Fowler reviews.