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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.

Meet the Private Watchdogs Policing Finance

The use of outside monitors to police financial institutions that have misbehaved has exploded in recent years, sometimes generating friction.

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.

Crises Put First Dents in Xi Jinping’s Power

Before a planned visit to the U.S., the Chinese president’s image as a bold leader is being undermined by his botched handling of the stock market rout and the country’s economic slowdown.

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.

Eni Reports Huge 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.

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.

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.

Thousands Without Power After British Columbia Storm

Emergency crews were working to clean up in the aftermath of a vicious windstorm that tore through southwestern British Columbia, leaving an estimated 500,000 people without electricity.

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.

Judges to Weigh California’s Death Penalty

A federal appeals court in Pasadena, Calif., will hear arguments over whether California’s death penalty violates the Constitution, the latest flash point in a nationwide debate about states’ capital punishment systems.

Hip-hop producer Irv “Gotti” Lorenzo, center, is seen in 2007. He calls himself a Signature Bank customer for life after the bank stood by him when he was facing money-laundering charges.

Hip-hop producer Irv “Gotti” Lorenzo, center, is seen in 2007. He calls himself a Signature Bank customer for life after the bank stood by him when he was facing money-laundering charges.

The Only Bank This Hip-Hop Mogul Will Use

Low-profile Signature Bank has become one of the nation’s fastest-growing lenders, attracting a fan base ranging from hip-hop mogul Irv “Gotti” Lorenzo to former Congressman Barney Frank

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.

Asian Shares Start Lower

Asian markets are struggling to shake off a global selloff, despite a bounce in China shares at the end of last week.

BNY Mellon’s Pricing Problems Persist

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.

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. 77

China Slowdown to Hit Asia Electronics Supply Chain

After several years of torrid expansion, the slowdown in smartphone sales in China is expected to hit Asian parts suppliers.

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.

Technology

Apple’s Ad Blockers Rile Publishers

Apple’s move to make it easier to block ads on iPhones and iPads is troubling publishers and heightening tensions with its Silicon Valley neighbors like Google.

Arts

IMAGE 1 of 12

Video Music Awards 2015

Taylor Swift won best pop music and best female videos for “Blank Space,” and Nicki Minaj took the award for best hip-hop video for “Anaconda.” The two also buried their beef by joining forces onstage at MTV’s 32nd annual ceremony.

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

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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.

Meet the Private Watchdogs Policing Finance

The use of outside monitors to police financial institutions that have misbehaved has exploded in recent years, sometimes generating friction.

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.

Crises Put First Dents in Xi Jinping’s Power

Before a planned visit to the U.S., the Chinese president’s image as a bold leader is being undermined by his botched handling of the stock market rout and the country’s economic slowdown.

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.

Eni Reports Huge 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.

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.

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.

Thousands Without Power After British Columbia Storm

Emergency crews were working to clean up in the aftermath of a vicious windstorm that tore through southwestern British Columbia, leaving an estimated 500,000 people without electricity.

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.

Judges to Weigh California’s Death Penalty

A federal appeals court in Pasadena, Calif., will hear arguments over whether California’s death penalty violates the Constitution, the latest flash point in a nationwide debate about states’ capital punishment systems.

Hip-hop producer Irv “Gotti” Lorenzo, center, is seen in 2007. He calls himself a Signature Bank customer for life after the bank stood by him when he was facing money-laundering charges.

Hip-hop producer Irv “Gotti” Lorenzo, center, is seen in 2007. He calls himself a Signature Bank customer for life after the bank stood by him when he was facing money-laundering charges.

The Only Bank This Hip-Hop Mogul Will Use

Low-profile Signature Bank has become one of the nation’s fastest-growing lenders, attracting a fan base ranging from hip-hop mogul Irv “Gotti” Lorenzo to former Congressman Barney Frank

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.

Asian Shares Start Lower

Asian markets are struggling to shake off a global selloff, despite a bounce in China shares at the end of last week.

BNY Mellon’s Pricing Problems Persist

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.

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. 77

China Slowdown to Hit Asia Electronics Supply Chain

After several years of torrid expansion, the slowdown in smartphone sales in China is expected to hit Asian parts suppliers.

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.

Technology

Apple’s Ad Blockers Rile Publishers

Apple’s move to make it easier to block ads on iPhones and iPads is troubling publishers and heightening tensions with its Silicon Valley neighbors like Google.

Arts

IMAGE 1 of 12

Video Music Awards 2015

Taylor Swift won best pop music and best female videos for “Blank Space,” and Nicki Minaj took the award for best hip-hop video for “Anaconda.” The two also buried their beef by joining forces onstage at MTV’s 32nd annual ceremony.

Video

Body Count Rises in Migrant Effort to Reach Europe

1:38