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Russia Ousts Minister Detained in Bribery Case For personal non-commercial use only. Do not edit or alter. Reproductions not permitted. To reprint or license content, please contact our reprints and licensing department at +1 800-843-0008 or www.djreprints.com WEDNESDAY, NOVEMBER 16, 2016 ~ VOL. XXXIV NO. 204 WSJ.com EUROPE EDITION DJIA 18923.06 À 0.29% NASDAQ 5275.62 À 1.10% NIKKEI 17668.15 g 0.03% STOXX 600 339.16 À 0.27% BRENT 46.95 À 5.67% GOLD 1224.00 À 0.23% EURO 1.0726 g 0.10% What’s Moscow Resumes Fire in Besieged Syria Shake-Up News Slows Trump Business&Finance Transition ocial-media firms are Sbeing forced to confront misinformation and hate speech on their sites amid Process continuing complaints. A1 Land Securities swung BY DAMIAN PALETTA to a loss on a post-Brexit AND CAROL E. LEE drop in U.K. property val- ues, while London office WASHINGTON—Former construction has slowed. B1 House Intelligence Committee Chairman Mike Rogers has left EasyJet said profit fell President-elect Donald Trump’s 22% in fiscal 2016 and sig- transition team amid a major naled a decline this year on shuffle and power consolida- Brexit’s lingering impact. B2 tion that has pushed out multi- United Continental said ple key figures. that it would postpone re- Mr. Rogers, a Republican ceiving dozens of new Boe- who represented Michigan un- ing jets to trim spending. B2 til last year, held a central role overseeing the national-secu- VW and its Audi unit rity transition process for Mr. could face higher emissions- Trump’s team, having joined litigation costs in the U.S. af- the process before last week’s ter Audi was hit with two election. But he is considered a new class-action suits. B4 close ally of New Jersey Gov. Jaguar Land Rover plans DEFENSE MINISTRY OF THE RUSSIAN FEDERATION/TASS/ZUMA PRESS Chris Christie, and several to deliver an electric SUV in LAUNCH: A Russian frigate in the Mediterranean Sea fired a cruise missile Tuesday, as Moscow said it began an operation against Islamic people close to Mr. Christie 2018 to compete with Tesla’s State positions in Syria. The U.S. and its allies are concerned that the resumption of strikes could worsen a humanitarian crisis. A3 were removed from the transi- Model X and other rivals. B4 tion team in recent days amid a shake-up. Bank shares may be un- Ben Carson has declined dervalued, some investors an offer to become the next say, as rates rise and expec- secretary of Health and Hu- tations of lower taxes and FIRMS BET ON NEXT FOUR YEARS man Services, a spokesman less regulation grow. B1 said Tuesday. Dr. Carson, a Fed stress tests have im- retired neurosurgeon, was proved oversight of U.S. among the first of Mr. banks, a report said, but One possibility for U.S. businesses is a fusion of populist and establishment agendas Trump’s Republican primary criticized some aspects. B6 rivals to endorse him and he BY NICK TIMIRAOS AND TED MANN Construction companies are en- served as one of the presi- AIG is selling its last re- What Comes Next thralled by the prospect of a push on dent-elect’s primary surro- maining life-insurance U.S. businesses witnessed two Andrew Browne: U.S. workers would infrastructure spending, but are ner- gates during the campaign. business in Asia to Hong very different sides of Donald Trump lose in Chinese trade war.................... A2 vous over tariffs on imported goods or Presidential transitions can Kong’s Pacific Century. B6 during the presidential campaign— Republicans nominate Ryan for House curbs on immigration. Big banks are be intense, with the winning Vodafone said it remains the populist who railed against Speaker............................................................. A6 heartened by the prospects of a regu- nominee and staff members, on track to meet its full- elites, global trade and unchecked Giuliani seen as top pick for latory retreat, but are concerned often exhausted from months year goals despite posting a immigration, and the more tradi- secretary of state...................................... A6 about attacks over their size. Media of campaigning, forced to wider first-half loss. B3 tional Republican who promised to and telecommunications giants want make pivotal decisions just temper the regulatory state and Republicans to pump the brakes on weeks before the Jan. 20 inau- GE said it would buy a pair overhaul the tax code. tion with investor bets on new infra- rules governing internet traffic, but guration. President Barack of tech startups as it moves Whatever view, or combination of structure spending and passage of are wary of a more aggressive anti- Obama named his chief of staff to expand in software. B3 views, that emerges from the White corporate tax breaks. trust assault. shortly after he was elected House will chart the course of Ameri- Yet within nearly every sector, in- One possibility is a fusion of the but it was almost three weeks World-Wide can corporations for the next four cluding energy, finance, media and populist and establishment agendas before he named his economic years. technology, the competing ideas em- that yields a bigger federal role in in- team and an additional week The stock market has clearly made bodied in the president-elect’s past frastructure or antitrust policy, for in- before he named his national- Trump’s transition team its initial call, including a climb of statements and roster of advisers need stance, along with a lighter govern- security team. was shuffled and power con- more than 3% in the Dow Jones In- to be resolved before the economic pic- ment touch on energy and banking. The Trump transition team solidated, pushing out the dustrial Average since the Nov. 8 elec- ture clears. Please see TRUMP page A8 Please see TEAM page A8 ex-chairman of the House Intelligence Committee. A1 Trump will begin his INSIDE presidency with more poten- Russia Ousts Minister tial conflicts of interest and less financial transparency than his predecessors. A6 Former New York Mayor Detained in Bribery Case Giuliani is the leading candi- date to be Trump’s nominee for secretary of state. A6 BY LAURA MILLS During the court hearing, cies that the president had Mr. Ulyukayev denied the been “informed at the moment House Republicans nom- MOSCOW—Russian Presi- charges but said he was ready the operation began.” He inated Ryan for his first full dent Vladimir Putin dismissed to cooperate with the investi- wouldn’t specify when the term as speaker in a show of Economy Minister Alexey Uly- gation. “I am determined to president had become in- unity after the GOP win. A6 ukayev for “breach of trust,” cooperate as much as possible volved, saying only that it was House Minority Leader the Kremlin said on Tuesday, with the investigation, it is in “a certain, significant amount Pelosi delayed a vote for after a Moscow court placed my objective interests because of time.” Democratic caucus leaders the economist and technocrat I want to save my reputation The 60-year-old Mr. Ulyu- until after Thanksgiving. A6 WILFREDO LEE/ASSOCIATED PRESS RAJAT GUPTA/EUROPEAN PRESSPHOTO AGENCY under house arrest on bribery and my good name,” Mr. Ulyu- kayev served in the finance Putin dismissed Rus- charges. kayev said. ministry and in Russia’s cen- sia’s economy minister af- CURRENCY THE JOB Russia’s Investigative Com- Mr. Ulyukayev’s arrest was tral bank before becoming ter a court placed the offi- SWITCH INTERVIEW mittee said Mr. Ulyukayev had the highest-profile detention economy minister in 2013. His cial under house arrest on been detained late Monday and of a sitting government offi- detention set political observ- bribery charges. A1 PINCHES INDIA DO-OVER was accused of accepting a cial since Mr. Putin came to ers abuzz. bribe of $2 million for the pri- power in 2000. Speculation has centered on Syrian rebels and re- vatization of a midsize oil Kremlin spokesman Dmitry whether the Kremlin is plan- gime forces in Aleppo are WORLD, A5 LIFE & ARTS, A9 company in October. Peskov told state news agen- Please see RUSSIA page A4 massing along a 5-mile- long front line as they gird for intensified battles. A3 Russia resumed large- Cash Haven Finds Social Media scale airstrikes around Syria, which the U.S. and its allies fear could lead to a devastat- Confronts UNDER ARMOUR ing assault on Aleppo. A3 Clients Turn Wary IS LIVE. An Egyptian court over- False News, turned a death sentence ® against Morsi, who was BY MARGOT PATRICK Harassment SAP HANA helps Under Armour ousted as leader in 2013. A3 Shell Shock instantly predict and fulfill the needs On a visit to Hong Kong and Continuing complaints and expectations of over 200 million Germany banned a group Company registrations in BVI are mainland China in October, of- on the decline. about misinformation and connected athletes worldwide. it accused of recruiting some ficials from the British Virgin hate speech on the internet Under Armour runs live. 140 jihadists under the cover Islands urged businesses and 70 thousand are forcing social-media com- Under Armour runs simple. of promoting Islam. A3 families to register companies panies to confront whether sap.com/underarmourlive Obama urged Europe to and store assets in their Carib- 60 they need to take more re- resolve debt-crisis issues and bean isles. sponsibility for the content favor growth over austerity Since April’s “Panama Pa- 50 on their sites. after talks in Greece. A4 pers” leak of documents from law firm Mossack Fonseca, that 40 By Deepa CONTENTS Markets Digest....
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