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EU Ministers Push for Action on Migrant Crisis

Germany, France and the U.K. pushed for a faster response in dealing with the continent’s migration crisis as Hungarian police detained a fifth person in connection with the deaths of 71 migrants found in a truck in Austria.

Striking Workers Block French Port

The labor dispute is preventing travelers from boarding ferries on both sides of the English Channel.

Abreast of the Market

Who Gains When Tumult Strikes?

Exchanges and market makers are getting a fresh look from portfolio managers seeking out investments likely to benefit from the large market swings.

Fed Appears to Hold Line on Rate Plan

Federal Reserve officials emerged from a week of head-spinning financial turbulence largely sticking to their plan to raise U.S. interest rates before the end of the year.

VW Is Told to Shed Suzuki Stake

An international court has ordered Volkswagen of Germany to sell its nearly 20% stake in Suzuki, allowing the Japanese auto maker to extricate itself from the tie-up after a four-year struggle.

The Outlook

U.S. Port Traffic Hinted at China Slowdown

Long before investors lost faith in the Chinese stock market, something seemed amiss at the ports of Long Beach and Los Angeles. The number of containers coming from China was up, but beginning in 2013, fewer were being sent in the other direction.

Eni Reports Natural Gas Discovery off Egypt

Eni SpA said it made a massive natural-gas discovery off the coast of Egypt in what the Italian oil-and-gas company is calling the largest ever find in the Mediterranean Sea.

Saudi-led Airstrike Kills 20 in Yemen

A Saudi-led air raid killed at least 20 workers at a factory in northern Yemen, a local official and a resident said, the latest carnage in the conflict between Yemeni rebels and forces allied with the country’s exiled president.

At Least 11 Die in Saudi Arabia Fire

A large fire at a residential compound of Saudi Arabia’s state-owned oil giant killed at least 11 people and injured more than 200, officials said. The cause of the fire was unknown.

Rice Condemns Pakistan-Based Militant Attacks in Afghanistan

U.S. national security adviser Susan Rice on Sunday told top civilian and military leaders in Islamabad that attacks in neighboring Afghanistan by Pakistan-based militants were “absolutely unacceptable,” according to a senior American official.

U.A.E. Takes Lead in Southern Yemen

U.A.E. forces prevented Houthi rebels in Yemen from overrunning the Yemeni port city of Aden, and now also reluctantly find themselves in the business of nation-building.

Egypt Rejects Criticism of Journalists’ Jail Sentences

Egypt’s foreign ministry rejected international criticism of a court’s decision to sentence a team of Al Jazeera journalists to three years in prison, summoning the British ambassador to Egypt for condemning the verdict.

China Places Cap on Local Government Debt

Chinese lawmakers have placed a $2.5 trillion cap on local government debt as Beijing looks for ways to address one of the major impediments to its economy.

Buying the Dips Doesn’t Work for Everyone

The old strategy of buying the dips may not work for everyone. In fact, for some people, it could be disastrous, writes Jason Zweig.

BNY Mellon Races to Fix Pricing Glitches

Executives at Bank of New York Mellon Corp. are racing against the clock to make it through a backlog of pricing issues before the markets open Monday morning.

A Bentley, Secret Emails and a Credit-Card Antitrust Case. The Strange Life of Lawyer Keila Ravelo

When federal agents showed up at Keila Ravelo’s home three days before Christmas, they kicked off a chain of events that could send her to prison and scuttle the biggest antitrust settlement in U.S. history.

Suppliers Feel Pain as Coal Miners Struggle

As big coal miners struggle, their equipment suppliers—thousands of businesses sprinkled throughout Pennsylvania, West Virginia, Ohio and Kentucky—are scrambling to find new customers anywhere they can. 62

Ageas to Sell Hong Kong Life Insurance Business

Belgian insurance company Ageas said Sunday it will sell its Hong Kong Life insurance business to Chinese asset-management firm JD Capital for €1.23 billion.

Inmarsat Says Russian Proton Rocket Puts Satellite Into Orbit

Inmarsat declared the launch of a Russian Proton rocket carrying one of its satellites a success after the rocket delivered its cargo into its initial orbit position.

Rebekah Brooks to Return to News Corp

Rebekah Brooks is expected to head News Corp’s U.K. division, a position similar to one she resigned from amid the phone-hacking scandal. Separately, Britain’s Crown Prosecution Service is reviewing a police referral related to the hacking probe.

Hackers Are the New Wizards

Chuck Wendig’s “Zeroes” reminds us how interconnected we all are, with electronic links all the way down to our refrigerators and cars, all of them hackable.

World War II’s Greatest Escape

Allied prisoners broke out of a German camp using ladders inspired by medieval siege tools.

Stieg Larsson’s Heroine Lives Again

David Lagercrantz’s “The Girl in the Spider’s Web” revives Lisbeth Salander in fitting style.

The Real Roots of Russia’s Revolution

Before revolution was a ruinous war. What led Russia into the conflagration?

A Runaway Boy, a Theatrical Dynasty and a Cliffhanger

Brian Selznick’s ‘The Marvels’ is the latest in a loose trilogy including ‘Hugo’ and ‘Wonderstruck.’

Video

Body Count Rises in Migrant Effort to Reach Europe

1:38

Lebanese ‘Stink’ Protest Turns Toward Politicians

2:11

Buzz Aldrin Developing Plan to Colonize Mars

1:09

Style & Fashion

Phone Cases: The New It Fashion Accessory?

Over the past few years, the iPhone case has gone from pragmatic protector to style statement. One writer plays catch up.

Music

Foals’ ‘What Went Down’ Is a Visceral Confessional

Yannis Philippakis, the lead singer whose energetic stage presence and novelistic lyrics have made Foals one of British rock’s most compelling propositions, talks about the band’s fourth album.

WSJ Blogs

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

Das Schattenschloss des Sonnenkönigs

Frank Asbeck hat ein Gespür für den großen Auftritt. Der Solarworld-Gründer hat einst dem Papst eine Solaranlage geschenkt. Er bot auch schon an, Opel zu retten. Die jüngsten Nachrichten um den 52-Jährigen aber sind selbst für einen Asbeck skurril. Am Donnerstag erst warnte er die Geldgeber seines Unternehmens vor “Einschnitten” – auf Deutsch: vor Verlusten. Am Wochenende berichtete die rheinländische Lokalpresse, Asbeck habe sich ein Schloss gegönnt. Sein zweites.

Von Schloss Marienfels aus muss der Blick gigantisch sein. Einige Meter unterhalb fließt der Rhein. Ringsum ist Wald und Weite. Das Anwesen soll 800 Quadratmeter groß sein, aufgeteilt in 18 Zimmer. Bis vor kurzem noch hat das Schloss in Remagen Thomas Gottschalk gehört. Er aber wünschte sich Veränderung – auch räumlich.

dapd
Frank Asbeck, Vorstandsvorsitzender der SolarWorld AG, liebt den großen Auftritt.

Auch Günther Jauch soll sich vor Jahren für das Schloss am Rhein interessiert haben. Gottschalk und Jauch hätten das Anwesen gar gemeinsam besichtigt, zitierten Medien im vergangenen Jahr den damaligen Schlossherrn Gottschalk. Jauch aber habe sich an der schattigen Lage gestört: “Da hast Du keine Sonne.”

Das Schattenschloss also gehört nun dem Sonnenkönig Asbeck. Wie mehrere Zeitungen den Unternehmer zitieren, soll das Anwesen zum Standort von Asbecks gemeinnütziger Stiftung werden. Medien behaupten auch, Asbeck wolle im angrenzenden Waldgebiet jagen gehen. Das wäre nicht überraschend: Der Solarworld-Chef mag die Jagd.

Er mag auch den Luxus: Asbeck ist Maserati-Fahrer. Auch Schlossbesitzer ist der Solar-Industrielle längst: Ihm gehört das Schloss Calmuth in der Nachbarschaft von Schloss Marienfels.

Was Marienfels den nun doppelten Schlossherrn gekostet hat, ist unklar. Asbeck war für das Wall Street Journal Deutschland nicht zu erreichen. Doch auf die eine oder andere Million dürfte es Asbeck nicht ankommen: Er hat erst in der vergangenen Woche rechnerisch rund 15 Millionen Euro verloren. Der Kurs der Solarworld-Aktie nämlich brach um 30 Prozent ein, nachdem der Solarhersteller vor Schwierigkeiten mit der Rückzahlung von Anleihen gewarnt hatte. Solarworld macht vor allem die günstige Konkurrenz aus China zu schaffen.

Die Anlegeranwälte bringen sich längst in Stellung. Zum Beispiel die Schutzgemeinschaft der Kapitalanleger. Sie rät den Anleihegläubigern, sich zusammenzuschließen: Es sei “zu befürchten, dass nicht die Aktionäre, sondern die Anleiheinhaber “die Hauptlast der Sanierung tragen sollen”. Asbeck hält 27,84 Prozent der Solarworld-Aktien.

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Die Seite Drei – Über uns

  • Schnell und kurz bringt „Die Seite Drei“ Einschätzungen, Hintergründe und Ergänzungen zu den Berichten des Wall Street Journal Deutschland. Hier bloggt die ganze Redaktion.

    Hinweise zu Themen, Anregungen und Ihre Fragen nehmen wir unter redaktion@wallstreetjournal.de entgegen.

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

EU Ministers Push for Action on Migrant Crisis

Germany, France and the U.K. pushed for a faster response in dealing with the continent’s migration crisis as Hungarian police detained a fifth person in connection with the deaths of 71 migrants found in a truck in Austria.

Striking Workers Block French Port

The labor dispute is preventing travelers from boarding ferries on both sides of the English Channel.

Abreast of the Market

Who Gains When Tumult Strikes?

Exchanges and market makers are getting a fresh look from portfolio managers seeking out investments likely to benefit from the large market swings.

Fed Appears to Hold Line on Rate Plan

Federal Reserve officials emerged from a week of head-spinning financial turbulence largely sticking to their plan to raise U.S. interest rates before the end of the year.

VW Is Told to Shed Suzuki Stake

An international court has ordered Volkswagen of Germany to sell its nearly 20% stake in Suzuki, allowing the Japanese auto maker to extricate itself from the tie-up after a four-year struggle.

The Outlook

U.S. Port Traffic Hinted at China Slowdown

Long before investors lost faith in the Chinese stock market, something seemed amiss at the ports of Long Beach and Los Angeles. The number of containers coming from China was up, but beginning in 2013, fewer were being sent in the other direction.

Eni Reports Natural Gas Discovery off Egypt

Eni SpA said it made a massive natural-gas discovery off the coast of Egypt in what the Italian oil-and-gas company is calling the largest ever find in the Mediterranean Sea.

Saudi-led Airstrike Kills 20 in Yemen

A Saudi-led air raid killed at least 20 workers at a factory in northern Yemen, a local official and a resident said, the latest carnage in the conflict between Yemeni rebels and forces allied with the country’s exiled president.

At Least 11 Die in Saudi Arabia Fire

A large fire at a residential compound of Saudi Arabia’s state-owned oil giant killed at least 11 people and injured more than 200, officials said. The cause of the fire was unknown.

Rice Condemns Pakistan-Based Militant Attacks in Afghanistan

U.S. national security adviser Susan Rice on Sunday told top civilian and military leaders in Islamabad that attacks in neighboring Afghanistan by Pakistan-based militants were “absolutely unacceptable,” according to a senior American official.

U.A.E. Takes Lead in Southern Yemen

U.A.E. forces prevented Houthi rebels in Yemen from overrunning the Yemeni port city of Aden, and now also reluctantly find themselves in the business of nation-building.

Egypt Rejects Criticism of Journalists’ Jail Sentences

Egypt’s foreign ministry rejected international criticism of a court’s decision to sentence a team of Al Jazeera journalists to three years in prison, summoning the British ambassador to Egypt for condemning the verdict.

China Places Cap on Local Government Debt

Chinese lawmakers have placed a $2.5 trillion cap on local government debt as Beijing looks for ways to address one of the major impediments to its economy.

Buying the Dips Doesn’t Work for Everyone

The old strategy of buying the dips may not work for everyone. In fact, for some people, it could be disastrous, writes Jason Zweig.

Ahead of the Tape

Insurers Could Use More Calamity

Low rates and a soft market have resulted in relatively lean times for Allstate and its insurer peers.

On the 10th anniversary of Hurricane Katrina, insurers are suffering from years of calm seas and low rates.

A Bentley, Secret Emails and a Credit-Card Antitrust Case. The Strange Life of Lawyer Keila Ravelo

When federal agents showed up at Keila Ravelo’s home three days before Christmas, they kicked off a chain of events that could send her to prison and scuttle the biggest antitrust settlement in U.S. history.

Suppliers Feel Pain as Coal Miners Struggle

As big coal miners struggle, their equipment suppliers—thousands of businesses sprinkled throughout Pennsylvania, West Virginia, Ohio and Kentucky—are scrambling to find new customers anywhere they can. 62

Ageas to Sell Hong Kong Life Insurance Business

Belgian insurance company Ageas said Sunday it will sell its Hong Kong Life insurance business to Chinese asset-management firm JD Capital for €1.23 billion.

Inmarsat Says Russian Proton Rocket Puts Satellite Into Orbit

Inmarsat declared the launch of a Russian Proton rocket carrying one of its satellites a success after the rocket delivered its cargo into its initial orbit position.

Rebekah Brooks to Return to News Corp

Rebekah Brooks is expected to head News Corp’s U.K. division, a position similar to one she resigned from amid the phone-hacking scandal. Separately, Britain’s Crown Prosecution Service is reviewing a police referral related to the hacking probe.

Hackers Are the New Wizards

Chuck Wendig’s “Zeroes” reminds us how interconnected we all are, with electronic links all the way down to our refrigerators and cars, all of them hackable.

World War II’s Greatest Escape

Allied prisoners broke out of a German camp using ladders inspired by medieval siege tools.

Stieg Larsson’s Heroine Lives Again

David Lagercrantz’s “The Girl in the Spider’s Web” revives Lisbeth Salander in fitting style.

The Real Roots of Russia’s Revolution

Before revolution was a ruinous war. What led Russia into the conflagration?

A Runaway Boy, a Theatrical Dynasty and a Cliffhanger

Brian Selznick’s ‘The Marvels’ is the latest in a loose trilogy including ‘Hugo’ and ‘Wonderstruck.’

Video

Body Count Rises in Migrant Effort to Reach Europe

1:38

Lebanese ‘Stink’ Protest Turns Toward Politicians

2:11

Buzz Aldrin Developing Plan to Colonize Mars

1:09