The Wall Street Journal - Markets BAT-Reynolds: A Modest Premium for Modest Cost Savings 2016-10-21T23:35:49.000000Z Given the limited scope for cost-cutting, BAT can’t afford to pay much more than a 20% premium for Reynolds American AT&T Rethinks Possible With Time Warner 2016-10-21T18:25:38.000000Z Time Warner is an attractive media asset, but acquiring it would be a blockbuster of a gamble for AT&T. Why Portugal and DBRS Still Matter for Europe 2016-10-21T18:14:49.000000Z Portugal has held on to its investment-grade rating from DBRS. Drama has been averted, but remains on the agenda. Presidential Tail Risks Tame Trading 2016-10-21T16:59:30.000000Z Investors think they know how the election will turn out, but the risk of being wrong is keeping them from doing much of anything. This Chinese Auto Company May Get Caught for Speeding 2016-10-21T03:58:08.000000Z Geely Automobile’s supercharged growth has amped up investors’ expectations. But the market is primed for a slowdown. Nestlé's Growth Warning Shifts Focus to Costs 2016-10-21T00:27:29.000000Z For the past couple of years, the problem for consumer-goods groups has been slowing sales growth in a deflationary retail environment. But attention could now turn to profit margins. Investors Charging Into American Express Should Think Again 2016-10-21T00:24:10.000000Z American Express beat estimates for third-quarter earnings but still faces strong competitive pressure. Why Battered Bank Stocks Are Blocking The ECB 2016-10-20T23:36:56.000000Z When banks trade at very low valuations that hurts the supply of credit to the economy. Cybersecurity: Peace of Mind Isn't Priceless 2016-10-20T03:37:25.000000Z Fortinet’s recent warning is the latest sign that cybersecurity demand is moderating. Microsoft's Expensive Cloud Bet Is Paying Off 2016-10-20T03:10:00.000000Z The software giant’s continued transition to the cloud will likely dictate its stock price’s next move.