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MONDAY, OCTOBER 13, 2014 ~ VOL. CCLXIV NO. 88
*****
Last week: DJIA 16544.10 g 465.59 2.7%
i
NASDAQ 4276.24 g 4.5%
NIKKEI 15300.55 g 2.6%
STOXX 600 321.62 g 4.05%
10-YR. TREASURY À 1 8/32 , yield 2.305%
OIL $85.82 g $3.92
DALLAS—A nurse who cared
for the Ebola patient who died
here last week tested positive
for the disease, heightening concerns about the nation’s preparedness and protocols for containing its spread.
The nurse at Texas Health Presbyterian Hospital Dallas was isolated Friday night after reporting a
low-grade fever, the Centers for
Disease Control and Prevention
said. Tests Saturday night and Sun-
i
C
anadian Pacific has approached CSX about a
combination that would unite
two of North America’s largest railroad operators. A1
n Global signs of a slowdown
in countries including Germany, China and Japan are
roiling financial markets and
confounding policy makers. A1
By Betsy McKay,
Miguel Bustillo
and Melinda Beck
day confirmed she had Ebola.
The diagnosis was disconcerting
because the woman initially was
considered to be at low risk. She
was wearing protective gear while
caring for Thomas Eric Duncan, the
Liberian patient who died Wednesday after 10 days in the hospital.
Officials gave few details of
how they believe she contracted
the virus. CDC Director Tom Frieden called the infection a result of
a “breach in protocol” at the hospital and said more cases may
emerge. “Unfortunately, it is possible in the coming days that we will
see additional cases of Ebola,” Dr.
Frieden said in a press conference.
“This is because the health-care
workers who cared for this individual may have had a breach of
the same nature.”
The infection is the first transmitted in the U.S. and the second
outside of West Africa, following
that of a nurse’s aide in Spain who
had cared for a missionary priest
repatriated from Sierra Leone. The
priest died.
The latest case has prompted a
wider search for those possibly exposed. It also has underscored the
need for hospitals to be meticulous
about infection-control procedures.
n Ireland is expected to announce changes to its tax
code that could close one of
the most famous loopholes. B1
n Credit-card issuers are expected to report postrecession
high profits, helped by moderate growth and low rates. C1
n Fox and Apollo formed a
programming partnership
that will combine three TV
production firms into one. B6
n Apple supplier GT said the
closing of its plants to make
artificial sapphire would cost
890 people their jobs. B4
n A Delaware judge ordered
RBC to pay $75.8 million to
former shareholders of a firm
it advised on a 2011 buyout. C3
n Gulfstream will unveil a
business jet developed with
the secrecy typically reserved for a spy plane. B3
SEEKING SHELTER: People run for cover in Gopalpur, India, Sunday as Cyclone Hudhud hit the coast. The cyclone, which is expected to trigger
storm surges of up to 5 feet and inundate the low-lying coastal areas, forced hundreds of thousands to evacuate their homes. A14
i
n A nurse in Dallas who cared
for the Ebola patient who died
last week tested positive for
the disease, raising concerns
about its spread. A1, A6, A7
n Islamic State has taken
large sections of the Syrian
city of Kobani. Iraq’s Anbar
province is in danger of falling
under the militants’ control. A1
n Hundreds of thousands of
Medicaid applicants still
don’t have coverage and delays can worsen when insurance sign-ups restart. A4
n Palestinians received
$5.4 billion in pledges at a
donor conference to rebuild
the Gaza Strip after its latest
conflict with Israel. A10
n Moscow and Kiev moved
to ease tensions in Ukraine’s
east. Putin ordered thousands
of troops withdrawn from the
border, the Kremlin said. A13
Global Slowdown Threatens Recovery
The IMF sees a greater chance
of recession in some economies.
April forecast for 4Q 2013–3Q ’14
October forecast 3Q 2014–2Q ’15
Eurozone
Japan
U.S.
Latin America
Emerging Asia 0.1
0.3
Rest of world
0% 10
Source: IMF
n Bolivian President Morales
appeared headed for an unprecedented third term, according to exit polls and media. A13
n A federal judge struck
down Alaska’s first-in-the-nation ban on gay marriages. A9
Moving the Market C2
Opinion.................. A15-17
Sports.............................. B9
Technology................... B4
U.S. News......... A2-6,8,9
Weather Watch........ B8
World News A7,10-14,18
>
s Copyright 2014 Dow Jones & Company.
All Rights Reserved
30 40
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Riders Rearrange Signs to Suit Them,
Wreaking Havoc; Dust-Up Over Route 84
BY TE-PING CHEN
XIAOZUO, China—Not much
happens in this dusty Chinese
village, population 3,000.
Then, on July 30, residents
discovered that
the bus stand for
Route 84 on the
edge of their village in central
Henan province
had mysteriously
moved 200 meters, or 656
feet, west, where it sat reposing in a batch of freshly
poured concrete.
Further down the sunbeaten stretch of road, there
was a gaping hole in the
ground where the old bus
stop—a pole bearing a metal
placard stamped with route
names—used to be.
With that, Xiaozuo became
the latest hamlet to
fall prey to a particu- Gedang
Composite
n Thousands gathered in St.
Louis to protest the shootings of young black men by
white police officers. A9
20
The Wall Street Journal
In China, the Bus Stops
Sometimes Take a Walk
n Hong Kong headed into a
third week of standoff between the government and
protesters. Police moved to
remove some barricades. A14
n The U.S. Army is unveiling a new global strategy focused on facing many small
and indirect threats rather
than a few large ones. A4
Gathering signs of a slowdown
across many parts of the world are
roiling financial markets and confounding policy makers, who after
years of battling anemic economic
growth have limited tools left to
jump-start a recovery.
Slumping exports in Germany
are adding fuel to worries about a
third recession in the eurozone in
six years. China is slowing in the
wake of its credit boom, weighing
on countries throughout the region. Japan’s economy has recently
contracted despite a policy offensive to lift it from years of stagnation. Other onetime powerhouses,
from Brazil to South Africa, also
are struggling.
The pullback is sending tremors
through global markets, hammer-
Warning Signals
larly Chinese menace: the moving bus stop.
Across the world’s secondlargest economy, citizens are
playing footsie with bus
stands, wreaking havoc with
transport routes
and
pitting
n e i g h b o r s
against one another as they angle for the special rewards and
prestige that can come with
having a bus stop close at
hand.
“It’s really difficult to keep
villagers from moving the bus
stop,” said one Route 84 bus
driver on a recent day as he
canvassed his route, fields of
green-stalked corn flashing
by. “We can’t watch them day
and night. If they
want to move the
bus stop, we have
bus stop Please turn to page A14
By Ian Talley,
Brian Blackstone
and Raymond Zhong
ing equities after years of steady
gains and knocking down commodity prices. The Dow Jones Industrial Average on Friday turned negative for the year. A recent drop in
oil prices—a decline of about 20%
in four months—reflects the downward pressure on global growth.
The U.S. remains a relative
bright spot in an otherwise
gloomy picture, particularly its
job market, which is gaining
traction after years of fitful
growth. But doubts are building
over the U.S. economy’s ability
to accelerate as some of its big-
gest trading partners struggle.
Top Federal Reserve officials are
already voicing concern about sagging growth overseas and its drag
on the world’s largest economy.
Fed officials in recent days noted
they are watching how weakness
abroad has boosted the dollar,
which could keep inflation below
the Fed’s target and hurt U.S.
growth by restraining its exports.
That could mean a longer
wait to start raising interest
rates. “If foreign growth is
weaker than anticipated, the
consequences for the U.S. economy could lead the Fed to [begin
Please turn to page A2
 After wild week, stock traders’
optimism faces test..................... C1
State, also known as ISIS, have
taken large sections of the city of
Kobani in recent days, said Ismet
Sheikh Hasan, the defense minister of the city’s Kurdish administration. “Most of the eastern and
southern parts of the city have
fallen under the ISIS control,” he
said. “The situation is getting
worse.”
This comes despite a week of
heavy airstrikes around the city
to help local Syrian Kurdish fighters keep Islamic State forces from
the city center.
In Iraq, militant forces operating in a swath of territory the
size of California have extended
their control of the roads and
commercial routes in strategically
vital Anbar Province, which connects the capital Baghdad to Jordan and Syria.
Anbar, which has critical infrastructure and whose eastern edge
lies only about 25 miles from
Baghdad’s center, is also in danger of falling wholly under Islamic State control despite weeks
of U.S. strikes aimed at weakening the group, local officials say.
The province’s chief of police
was killed in a bombing Sunday,
officials said, heightening unease
over the government’s ability to
fend off Islamic State forces.
Meanwhile, Anbar’s provincial
Please turn to page A11
Rail Giant
Floats Merger
As Industry
Roars Back
Canadian Pacific Railway Ltd.
approached CSX Corp. about a
combination that would unite
two of North America’s largest
railroad operators, said people
briefed on the matter, as the
By Dana Mattioli,
Liz Hoffman
and David George-Cosh
boom in North American energy
reshapes the railroad industry.
CSX rebuffed the overture,
made in the past week, the people said, and it isn’t clear
whether CP will persist.
But talk of a combination of
such giants shows just how far
the railroad business has come
roaring back, as rails become
ever-more-critical to moving
North America’s new abundance
of oil.
North American railroads
have been a major beneficiary of
Please turn to page A8
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P2JW286000-5-A00100-1--------XA
World-Wide
 Second case unnerves Dallas... A6
 Liberian health-care workers
plan strike......................................... A7
By Margaret Coker
in Erbil, Iraq, Jay Solomon
in Cairo and Tamer ElGhobashy in Beirut
Biswaranjan Rout/Associated Press
n ECB President Draghi said
he sees no major risk of a
bubble in the eurozone government-bond markets. C3
President Barack Obama ordered that an inquiry into what
went wrong at the hospital move
as quickly as possible. Congressional Republicans said the administration must do more to reassure Americans they are safe.
Officials were at pains to rePlease turn to page A6
Islamic State militants have
gained territory in Iraq and Syria
despite weeks of bombing by the
U.S. and its allies, raising questions about the coalition’s strategy of trying to blunt the jihadists’ advance while local forces
are being trained to meet the
threat on the ground.
In Syria, fighters from Islamic
n Fox’s “Gone Girl” stayed at
the top of the movie box-office
chart for a second weekend,
grossing $26.8 million. B6
CONTENTS
Abreast of the Market C1
Corp. News....... B2,3,7,8
Global Finance............ C3
Heard on the Street C8
Markets Dashboard C6
Media............................... B6
YEN 107.65
Militants
Advance
Despite
Airstrikes
Hundreds of Thousands Flee as Storm Pounds Indian Coast
n A rift at OPEC deepened
amid falling oil prices. Kuwait said the cartel was unlikely to curb output. A11
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EURO $1.2629
Dallas Nurse Contracts Disease After Caring for Liberian Patient, Raising Concern Over Health Procedures
Business & Finance
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HHHH $2.00
WSJ.com
Ebola Case Puts Focus on Safeguards
What’s
News
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Gay on the Relentless Peyton Manning
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