Yulong Wang

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P&G Unveils Plan for a Budget Tide

Mid-Tier Version of Detergent Aims to Grab Share of Growing Segment<p>Procter & Gamble Co. is planning to launch a lower-priced version of its flagship Tide detergent aimed at cost-conscious shoppers early next year, Chief Executive A.G. Lafley told an investor conference on Wednesday.<p>The new product, …

Procter & Gamble

G-20 Seeks Private Funding for Infrastructure Projects

Officials Faced With Dearth of Projects to Attract Investors<p>ST. PETERSBURG, Russia—The world's largest industrialized and developing economies are considering measures including the securitization of infrastructure loans and the creation of dedicated funds in their quest to rejuvenate global growth …

Economic Development

In Muni-Bond Market, Some Investors Fly First Class

Municipalities Are Allowed to Treat Large Investors Differently<p>By<p>Mike Cherney and<p>Kelly Nolan<p>Kelly Nolan<p>The Wall Street Journal<p>Biography<p>@kellynolandj<p>kelly.nolan@dowjones.com<p>On a Friday in late March, representatives of about two dozen investment firms gathered at the New York offices of Barclays PLC …

Puerto Rico

IPO Market Tunes Out Noise, Turns It On

Offerings on Track for Busiest Year Since Financial Crisis<p>It will take more than Federal Reserve plans to pare back monetary stimulus, turmoil in Syria or the U.S. debt-ceiling debate to curb a full fall slate of initial public offerings, bankers and investors say.<p>The IPO market is on track for its …

Treasury Yields Climb in U.S., Europe

Ten-Year Note Nears 3% After Positive Economic Data<p>By<p>Min Zeng<p>Benchmark bond yields in three of the world's major government bond markets all hit fresh multiyear highs, continuing their rise in recent months amid fresh signs of U.S. economic expansion.<p>The benchmark 10-year Treasury note's yield …

Trading

J.P. Morgan to End Student-Loan Business

Bank to Halt New Loans to Existing Customers<p>The market for student loans suffered another blow on Thursday when J.P. Morgan Chase & Co., the nation's largest lender by assets, said it is getting out of the business.<p>J.P. Morgan's departure, effective Oct. 12, leaves Wells Fargo & Co. as the only …

Student Finance

Muni Advisers Face Tougher SEC Rules

In Wake of Financial Crisis and Jefferson County Case, Regulators Move to Tighten Oversight<p>WASHINGTON—Regulators are set to finalize long-delayed rules to rein in advisers who help states and localities raise cash in the $3.7 trillion municipal-bond market, a move aimed at protecting taxpayers from …

Financial Regulation

Labor Data Point to Steady Gains

ADP Report Shows 176,000 Jobs Added in August, as Unemployment Claims Fall<p>Businesses added jobs at a modest pace in August, according to a tally of private-sector hiring released Thursday, and the number of U.S. workers applying for jobless benefits fell last week, edging down to levels last …

Private Sector

Peugeot Proposes Wage Cap in France

French Car Maker Aims to Reach Deal With Unions by October<p>PARIS—PSA Peugeot Citroën said Friday it wants to cap worker wages in France over the next three years, as part of efforts to reach an agreement with unions on cost cuts amid a slump in demand for new cars across Europe.<p>The unprofitable …

Automotive Industry

China Everbright Lost $85.5 Million in August Trading Glitch

SHANGHAI — China Everbright Securities Co. lost a net 523 million yuan, or $85.5 million, owing to a trading error by the firm that disrupted the mainland stock market in mid-August, according to a company statement filed to the Shanghai Stock Exchange.<p>The losses are in addition to a fine of $86 …

Stock Markets

IBM to Move Retirees Off Health Plan

Big Blue's Health-Exchange Move Ends Once-Common Benefit<p>International Business Machines Corp. plans to move about 110,000 retirees off its company-sponsored health plan and instead give them a payment to buy coverage on a health-insurance exchange, in a sign that even big, well-capitalized …

P&G to Cut Package Sizes for Diapers

By<p>Paul Ziobro<p>Paul Ziobro<p>The Wall Street Journal<p>Biography<p>@pziobro<p>Paul.Ziobro@wsj.com<p>Procter & Gamble Co. PG 1.62% next week will start using an old trick to boost the bottom line for its Pampers and Luvs diapers.<p>The company will raise prices an average of 5% to 7%, but that won't be visible on the …

Diapers