Transcript
Page 1: TODAYINPERSONALJOURNAL AnatomyofaFashion Styleonline.wsj.com/public/resources/documents/PageOne020614.pdf · YELL OW ***** THURSDAY,FEBRUARY 6, 2014~VOL. CCLXIII NO.30 WSJ.com HHHH

YELLOW

* * * * * THURSDAY, FEBRUARY 6, 2014 ~ VOL. CCLXIII NO. 30 WSJ.com HHHH $2 .00

DJIA 15440.23 g 5.01 0.03% NASDAQ 4011.55 g 0.5% NIKKEI 14180.38 À 1.2% STOXX600 318.04 À 0.1% 10-YR. TREAS. g 13/32 , yield 2.668% OIL $97.38 À $0.19 GOLD $1,257.30 À $5.60 EURO $1.3533 YEN 101.45

TODAY IN PERSONAL JOURNAL

Anatomy of a Fashion StylePLUS Why Your Flight Was Changed (It’s Not the Weather)P

CONTENTSBusiness Tech. ........... B6Corporate News B1-3,8Global Finance............ C3Heard on Street..... C10In the Markets........... C4Leisure & Arts............ D5

Opinion.................. A15-17Sports.............................. D6Stock Listings............ C9Style & Travel........ D1-4U.S. News................. A2-6Weather Watch........ B9World News......... A8-13

s Copyright 2014 Dow Jones & Company.All Rights Reserved

>

What’sNews

i i i

World-WidenThe U.S. will narrow itsdrone program in Pakistan totarget a short list of terroristsand aim to end it during Pre-mier Sharif’s current term. A1nThe NLRB revived a sweep-ing proposal to streamlineand speed union-organizingelections at companies. A2nHouse GOP leaders, seekingto raise the debt ceiling, areconsidering such sweeteners asboosting military pensions. A4nGOP opponents of legisla-tion giving legal status to ille-gal immigrantsmade clear theywill resist such amove. A6n The two Koreas agreed tohold the first reunion of fami-lies separated by the KoreanWar in over three years. A10nThe U.N. criticized Vaticanhandling of sex-abuse casesand said suspect priests shouldbe reported to authorities. A11n Blasts in Baghdad killed atleast 34, as militants battledfor control of Sunni areas tothe west of Iraq’s capital. A13n The harsh winter seasonis blowing cities’ snow-re-moval budgets but has been aboon for some businesses. A3n Talks on cost overruns inthe project to expand the Pan-ama Canal broke off and workhas largely come to a halt. B2n Swiss voters will decideSunday whether the countryshould set quotas on residentpermits for EU citizens. A13n Scientists warned that anavian-flu strain has mutatedand can infect humans. A10nNine firefighters died bat-tling a blaze at a documentwarehouse in Argentina. A8

i i i

Insurers are facing pressurefrom regulators and law-

makers over plans that limitchoices of doctors and hospi-tals, a tactic the industry saidis vital to curbing prices. A1n CVS said it would stopselling all tobacco productsas it seeks to become moreof a health-care provider. B1nGoogle agreed to tweak theway it presents search resultsin Europe under an antitrustdeal with EU regulators. A1nTwitter said its user growthslowed in the fourth quarter,even as the company’s reve-nue more than doubled. B1nU.S. stock indexes edgedlower after a volatile start tothe week. The Dow eased 5.01points to end at 15440.23. C4nMore banks are introduc-ing fees on checking accountsas regulatory curbs and costsdrive a search for income. C1n The number of companiestraded on U.S. stock exchangesgrew last year for the firsttime since the late 1990s. C1nCoke signed a pact to sell itsdrinks through an at-homebeverage system being devel-oped by Green Mountain. B1n Regulators are weighingwhether to ease Volcker ruleprovisions that could affect col-lateralized loan obligations. C1nTimeWarner broke outHBOresults for the first time, show-ing it topping Netflix in profitbut not revenue growth. B3nDisney’s profit rose 33% inits fiscal first quarter amid theblockbuster success of the ani-mated musical “Frozen.” B4

Business&Finance

Looking for a Few Good Chefs,Marines Launch Culinary Assault

i i i

Competition to Spice Up Field RationsBrings Out ‘Warrior Spirit,’ Tabasco

TRIANGLE, Va.—Televisioncooking shows have asked chefsto work wonders with hard-to-swallow ingredients like jelly-fish, rattlesnake and even arooster’s coxcomb.

On a recent Satur-day, former U.S. Ma-rine John Crist facedan even tougher chal-lenge: Transform mili-tary-issued field ra-tions, known as aMeal, Ready to Eat, orMRE, into somethingpalatable.

Mr. Crist, 45 yearsold, was runner-uplast year in the inau-gural MRE cook-off atthe National Museumof the Marine Corps here. Thisyear, he had a new strategy heconsidered foolproof. “Tabasco,a lot more than I used last year,”said the deputy fire marshal

from Hagerstown, Md. “In mymind, I’ve already won this.”

But Mr. Crist knew the com-petition would be stiff. “Therehe is!” someone shouted, as thereigning champion, Craig Allen,sauntered into the roped-offarea to onlookers’ applause.

Mr. Allen, a 36-year-old contractorwith HeadquartersMarine Corps, oozedconfidence, joking thathe had alreadywarmed up for thecontest. “I just cookedbreakfast at home,” hesaid.

Field rations havelong been a necessaryevil for soldiers, fromhardtack biscuits andjerky generations ago

to canned rations in the WorldWars through Vietnam. Vacuum-sealed MREs were first issued inthe U.S. in the 1980s. They might

Pleaseturntothenextpage

BY BEN KESLING

Beef patty,jalepeno pepper

jack MRE

Google Inc. showed onWednes-day that it has developed a simplemantra to skirt antitrust trouble:Don’t litigate, negotiate.

Under a tentative deal with Eu-ropean Commission regulators,Google agreed to tweak the way itpresents search results in Europeto address concerns that it isabusing its dominance in onlinesearch to favor its own services atthe expense of rivals.

Google wouldn’t pay a fine un-der the agreement, announced bythe commission. The deal disap-pointed competitors like MicrosoftCorp. that had sought a tougherresponse.

Google used a similar strategyof accommodation to resolve a po-tential antitrust lawsuit in theU.S., agreeing last year to smallchanges to its search practices to

PleaseturntopageA8

By Vanessa Mock,Sam Schechner

and Rolfe Winkler

AggressivelyAgreeableGoogle CutsAntitrust Deal

years, don’t have jobs—a total of 10.4 million.Some are looking for jobs; many aren’t. Some hadjobs that went overseas or were lost to technology.Some refuse to uproot for work because they aretied down by family needs or tethered to homesworth less than the mortgage. Some rely on gov-ernment benefits. Others depend on workingspouses.

Having so many men out of work is partly asymptom of a U.S. economy slow to recover fromthe worst recession in 75 years. It is also a chroniccondition that shows how technology and globali-zation are transforming jobs faster than manyworkers can adapt, economists say.

The trend has been building for decades, ac-cording to government data. In the early 1970s,

PleaseturntopageA14

Mark Riley was 53 years old when he lost a jobas a grant writer for an Arkansas community col-lege. “I was stunned,” he said. “It happened on mydaughter’s 11th birthday.” His boss blamed statebudget cuts.

That was almost three years ago and he stillhasn’t found steady work. Mr. Riley, whose unem-ployment benefits ran out 14 months ago, says hislong and fruitless search is proof employers won’thire men out of work too long.

“We’re poor, but we’re not broke,” Mr. Rileysaid. “We still have property. We have cars. Wehave some assets, we just can’t liquidate them.”

Mr. Riley’s frustration is widely shared. Morethan one in six men ages 25 to 54, prime working

BY MARK PETERS AND DAVID WESSEL

IDLED AMERICANS

More Men in Their PrimeAre Out ofWork and at Home

STRIKE’S A BLOW: A 48-hour strike by London Underground workersled to the cancellation of about two-thirds of subway service in the U.K.capital Wednesday. Commuters, above, wait in Victoria Station. A13

London Commute Goes Down Tube

California Insurance Commis-sioner Dave Jones said he plansto revise his agency’s standardsfor insurers’ health networkspartly because current regula-tions don’t give him enoughpower to continue oversight af-ter a health plan goes on themarket. The aim would be to“make sure when people pur-chase health insurance, they

PleaseturntopageA4

specialists at top academic medi-cal centers, which tend to chargeinsurers higher fees and aren’tincluded in many of the new net-works.

Some consumers say they willhave to switch doctors with thenew health-law plans. But the is-sue extends beyond the new poli-cies, as insurers have been trim-ming the array of doctors inprivate Medicare Advantage cov-erage and losing some bighealth-network providers due tomarket clashes.

through HealthCare.gov, a shiftthat could force insurers to ex-pand those networks.

Meantime, regulators in statesincluding Washington and NewHampshire are ramping up theirown scrutiny, and lawmakers inMississippi and Pennsylvania,among others, are weighing billsthat could force plans to addmore hospitals and doctors.

The moves come amid com-plaints by some consumers thatthey don’t have access to a broadenough range of care—such as

Insurers are facing pressurefrom regulators and lawmakersabout plans that offer limitedchoices of doctors and hospitals,a tactic the industry said is vitalto keep down coverage prices inthe new health law’s market-places.

This week, federal regulatorsproposed a tougher review pro-cess for the doctors and hospi-tals in plans to be sold next year

BY ANNA WILDE MATHEWSAND CHRISTOPHER WEAVER

Insurers Face New PressureOver Limited Doctor Choice

The Obama administration willnarrow its controversial droneprogram in Pakistan to target ashort list of high-level terrorists,and aim to end it during theprime minister’s current term, se-nior U.S. officials have told theirPakistani counterparts.

The downsizing of the covertCentral Intelligence Agency pro-gram reflects Pakistani objections

to the strikes and logistical con-straints on the spy agency at theend of this year, when U.S. troopsare scheduled to pull out ofneighboring Afghanistan, accord-ing to administration, intelligenceand military officials.

Senior U.S. officials said theyhave discussed the revisions withPakistani officials in a series ofmeetings over the past sixmonths. U.S. officials say the goalis to make the drone campaignless of an irritant in the twocountries’ troubled relations,without preventing the CIA fromconducting higher-priority opera-tions during the time the pro-gram has left.

The changes fall short of PrimeMinister Nawaz Sharif’s demandsfor an immediate freeze in dronestrikes. Pakistani officials in Is-lamabad and Washington weren’timmediately available to com-ment.

Officials say the revision ismeant to move the CIA awayfrom what some critics call a

PleaseturntopageA10

By Adam Entous andSiobhan Gorman in

Washington and SaeedShah in Islamabad

PakistanDroneProgramCurbed

Note: Doesn’t total 100 due to rounding

Sources: CVS Caremark; analysts (revenue);Euromonitor International (share of sales)

The Wall Street Journal

Share of U.S. retail cigarettesales in 2012:

Drugstores 4%

Gas stations48%

Tobaccospecialists21%

Conveniencestores16%

Other8%

Supermarkets 4%

$2 billionAmount CVS expects to losefrom ending tobacco sales,out of $133 billion in projected2014 revenue

NEW STRATEGY: Pharmacy giant CVS said it would drop tobacco products because they aren’t a good fit in a company that is trying to becomemore of a health-care provider, offering in-store clinics. Above, a CVS cashier retrieved cigarettes for a customer Wednesday in New York City. B1

Big Drugstore Chain Kicks Habit, Plans to Stop Selling Smokes

And

rew

HinderakerforTh

eWallS

treetJournal

European

Presspho

toAgency

Lawmakers spar over healthlaw’s impact on labor................. A4

Copyright © 2013, Oracle and/or its affiliates. All rights reserved.

More Enterprise SaaS ApplicationsThan Any Other Cloud Services Provider

Oracle CloudApplications

ERPFinancialsProcurementProjectsSupply Chain

HCMHuman CapitalRecruitingTalent

CRMSalesServiceMarketing

CM Y K CompositeCompositeMAGENTA CYAN BLACK

P2JW037000-5-A00100-1--------XA CL,CN,CX,DL,DM,DX,EE,EU,FL,HO,KC,MW,NC,NE,NY,PH,PN,RM,SA,SC,SL,SW,TU,WB,WEBG,BM,BP,CC,CH,CK,CP,CT,DN,DR,FW,HL,HW,KS,LA,LG,LK,MI,ML,NM,PA,PI,PV,TD,TS,UT,WO

P2JW037000-5-A00100-1--------XA

Top Related