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A senior leader of al Qaeda’s Yemen branch claimed responsibility for last week’s attacks on French weekly Charlie Hebdo, saying the organization financed and planned the operation.
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A surge of oil from outside of the Middle East flooded global energy markets. The world-wide thirst for crude didn’t keep up. OPEC stood by as prices fell and then fell more. Welcome to the world of oil in 2015—a repeat in surprising ways of the story 30 years ago.
Jeff Swensen for The Wall Street Journal
For years, the U.S. has ceded more and more of its manufacturing to low-cost corners of the global economy. Some companies now want to come home.
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White House adviser John Podesta will take on a senior advisory role in Hillary Clinton’s emerging presidential bid after he leaves the administration in February—another sign that Mrs. Clinton will launch a 2016 campaign.
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What’s News —
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An adviser to the European Court of Justice said the European Central Bank can legally buy eurozone government debt, a key endorsement for the ECB as it prepares another round of stimulus measures.
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The World Bank lowered its outlook for global growth, saying a strengthening U.S. economy and plummeting oil prices won’t be enough to offset trouble in the eurozone and emerging markets.
European Stocks Hit by Growth Worries
Worries about slowing global growth whacked stocks in Europe and sent investors into the safety of government bonds, with a fresh slide in copper adding to jitters.-
Samsung releases a smartphone in India that runs its homegrown Tizen operating system, a big step by the world’s largest phone maker in developing an alternative to Google’s dominant Android platform.
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Apple and the Swedish telecom equipment maker Ericsson are suing each other in the U.S. in a dispute over royalties for patents linked to high-speed wireless technology the iPhone maker uses in its mobile devices.
U.S. Racks Up Smallest Deficit Since 2007
World
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Hong Kong Chief Warns: Don’t Test Beijing
Hong Kong Chief Executive Leung Chun-ying issued stern warnings against attempts by people, particularly students, to challenge Beijing’s authority in the city.Pope’s Visit Creates Security Concerns
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The Quest for the Best Selfie Stick
If you’re going to look silly holding a stick with a smartphone on the end of it, you might as well get the best stick, Joanna Stern writes.Amazon’s Newest Hire: Woody Allen
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Autos
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Tesla Motors Chief Executive Elon Musk said the luxury electric car maker won’t achieve a profit by standard accounting measures until 2020 as it ramps up production of new models.
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Life & Style
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Refrigerators now include sound systems, televisions and sparkling water dispensers. GE is launching one this fall that makes coffee.
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Sports
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Bill Belichick: The NFL’s Scary Alex Trebek
The New England Patriots are renowned for their preparation, which the players say is a result of their coach’s constant pop-quizzes throughout the week.Ohio State Diet That Cooked the Ducks
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Property Report
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Developer Plans a Boardwalk Empire
With the purchase of the Revel hotel, Glenn Straub wants to revitalize of Atlantic City, the seaside New Jersey town that has lost thousands of jobs and seen shrinking tax revenues as its casinos have failed.Richard Branson Pitches Virgin Hotels as Female-Friendly
Builders Brace for a Slowdown in Texas
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