The Wall Street Journal: Snap facing regulatory scrutiny over pre-IPO disclosures

The Wall Street Journal: Snap facing regulatory scrutiny over pre-IPO disclosures

Snap Inc. is facing scrutiny from regulators about its disclosures to investors ahead of its 2017 initial public offering. The disappearing-messages company has received subpoenas and requests for information from the Justice Department and Securities and Exchange Commission, a spokesman for Snap said Tuesday. Snap SNAP, +0.90%   said in a statement it believes the → Read More

Asia Markets: Asian markets lag as oil stocks slip further

Asia Markets: Asian markets lag as oil stocks slip further

Asian stock markets were posting modest losses in early trading Wednesday, after oil prices tumbled 7% Tuesday, marking their 12th straight session of losses. Crude prices CLZ8, -0.40%   were again down slightly in early trading. Japan’s Nikkei NIK, +0.31%   traded up and down, and was last up 0.3%. The dollar USDJPY, +0.11%   → Read More

MarketWatch First Take: SurveyMonkey seeks to prove it can prosper on its own after rival sells for $8 billion

MarketWatch First Take: SurveyMonkey seeks to prove it can prosper on its own after rival sells for $8 billion

SurveyMonkey Inc.’s first quarter as a public company was a bit better than expected, as the “freemium” survey software company gained more corporate customers, but did little to answer one big question. Is a company devoted to software that allows customers or employees to take surveys big enough to warrant being an independent public company, → Read More

The Wall Street Journal: PG&E says equipment malfunctioned right before deadliest California wildfire started

The Wall Street Journal: PG&E says equipment malfunctioned right before deadliest California wildfire started

Electrical power equipment owned by California’s largest utility company appeared to have malfunctioned in an area where the state’s deadliest wildfire started last week, according to a PG&E Corp. securities filing. The cause of the Camp Fire, which has burned through some 117,000 acres in Northern California’s Butte County, remains under investigation. At least 42 people have died → Read More

The Wall Street Journal: Trump nominates Abizaid as U.S. ambassador to Saudi Arabia

The Wall Street Journal: Trump nominates Abizaid as U.S. ambassador to Saudi Arabia

WASHINGTON — President Donald Trump on Tuesday nominated retired four-star Army Gen. John Abizaid, who oversaw U.S. Central Command during the initial years of the Iraq War, to be ambassador to Saudi Arabia. U.S.-Saudi ties have been strained by the killing of dissident journalist Jamal Khashoggi, which the kingdom has admitted. Trump has not yet → Read More

The Wall Street Journal: Natural disasters took heavy toll on Japan’s economy last quarter

The Wall Street Journal: Natural disasters took heavy toll on Japan’s economy last quarter

TOKYO — The Japanese economy contracted during the three months through September as a series of natural disasters hurt exports and spending by tourists. The world’s third-largest economy shrank at an annualized pace of 1.2% in the third quarter of 2018 following a 3% expansion in the previous quarter, government data showed Wednesday. Economists polled → Read More

The Wall Street Journal: FAA investigating Boeing’s safety analyses in recent years

The Wall Street Journal: FAA investigating Boeing’s safety analyses in recent years

U.S. aviation regulators, responding to last month’s Lion Air jet crash, launched a high-priority probe of the safety analyses Boeing Co. has performed over the years. Regulators are interested in what information Boeing BA, -2.11%   distributed to airlines regarding potential hazards associated with a new automated flight-control system introduced on the latest versions of → Read More

Commodities Corner: 5 reasons oil prices are in a history-setting tailspin

Commodities Corner: 5 reasons oil prices are in a history-setting tailspin

Rampant expectations for a global oil supply glut sent the U.S. benchmark to its lowest finish of the year. December West Texas Intermediate crude CLZ8, -7.39%  dropped $4.24, or 7.1%, to settle at $55.69 a barrel on the New York Mercantile Exchange on Tuesday, marking a historic 12th straight decline, deepening a descent into a → Read More

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