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VOL. CCLXIV NO. 128
WEEKEND
*******
HHHH $2.00
SATURDAY/SUNDAY, NOVEMBER 29 - 30, 2014
Shopping Season Opener Brings Out Deal Seekers
What’s
News
i
i
World-Wide
A
suicide bomb assault
that killed dozens of people at a mosque in the Nigerian city of Kano bore the hallmarks of the militant group
Boko Haram, which has driven
more than a million people
from their homes. A6, A1
U.S. Benchmark Tumbles 10% in Wake
Of OPEC Move; Stocks, Currencies Fall
Energy company stocks and
the currencies of major oil-producing nations stumbled Friday
as OPEC’s decision to maintain
crude output despite a glut rippled across the globe.
n At least four people died
in Egypt as security forces put
down an Islamist group’s call
for mass demonstrations. A7
n Cameron unveiled proposals to curb the flow of people
coming to the U.K. from other
European Union countries. A9
n Switzerland will vote Sunday on an initiative to severely
restrict immigration growth. A9
By Justin Scheck,
Erin Ailworth
and Chester Dawson
The Organization of the Petroleum Exporting Countries’ decision knocked down U.S. benchmark oil prices on Friday by 10%
to $66.15 a barrel, the lowest
level since September 2009.
Uneasy investors dumped energy stocks. Among the hardest
hit were U.S. domestic oil pro-
n Florida reached a record
ninth straight season without a
hurricane landfall, but the state’s
insurance buffer is at risk. A3
n Demonstrators swarmed
a Missouri mall to protest
the lack of an indictment in
the Ferguson case. A5
n Doctors Without Borders’
outsize role in the Ebola crisis
is threatening to overwhelm
the medical-aid group. A6
Economic prospects are flagging across Europe, Japan and big
emerging markets such as India, a
turn that presents fresh challenges to the relatively robust U.S.
n Some of the largest U.S.
mortgage lenders are preparing to further ease standards for borrowers. A2
n China’s plan to use bankdeposit insurance to shake
up its banking system could
prompt withdrawals. B2
n The U.S. appealed a WTO
ruling that would have limited meat-origin labeling. A4
n Twitter co-founder Evan
Williams sold some of his company stock for the first time. B3
n Uber argued that a new
French law on car-service
apps is unconstitutional. B4
In Turkey, Pope Calls for Tolerance
Mike Nichols:
A Man Who
Loved the World
Opinion................... A11-13
Sports............................ A14
Stock Listings.... B10,13
Style & Fashion..... D1-3
Travel........................... D5-6
Weather Watch...... B14
Wknd Investor...... B7-9
>
s Copyright 2014 Dow Jones & Company.
All Rights Reserved
 Dow edges up to another record
despite energy-share selloff... B1
 Heard on the Street.................. B14
In Nigeria,
Legions Flee
Boko Haram’s
Terror Spree
YOLA, Nigeria—Hawa Adamu
and her children walked for a
week to escape Boko Haram.
On the second day, her niece
died of fever and thirst. On the
fourth, a government fighter jet
bombed the mountain she was
climbing. The 38-year-old Ms. Adamu gathered her nine children under a tree for shelter before moving
on.
“We trekked,” said Ms. Adamu, who reached the safety of
the government-controlled city
of Yola three weeks ago.
Many Nigerians have made a
journey like hers in recent months
as Boko Haram’s terror campaign
has expanded. On Friday a suicide
bomb assault killed dozens of people at the Central Mosque in the
city of Kano, an attack that bore
the hallmarks of the group.
More than a million citizens
Please turn to page A6
In Europe, consumer prices
rose in November at their slowest
annual pace in five years, deepening fears the continent may be
tipping toward deflation. In Japan, the core consumer-price index in October rose at its slowest
pace this year.
In both places the fall in energy
prices has clouded a concerted
push by central banks to boost the
inflation rate and stoke consumer
and business confidence.
The picture in emerging markets isn’t much brighter.
Economic growth in India dePlease turn to page A8
DELAYED REACTION
Rising Numbers of Veterans
Seek Help Decades After War
SANDISFIELD, Mass.—Nightmares of a friend dying beside him in a bunker years ago now waken
Donald Vitkus. “There is stuff that you carry from
the war,” the 71-year-old Vietnam veteran said.
Mr. Vitkus spends his days in and out of therapy
at a residential rehabilitation center filled with
mostly older veterans, working on his memory while
trying to gain control over disturbing recollections
and the emotions they surface.
He is one of hundreds of thousands of aging Vietnam veterans who late in life are now seeking help
for post-traumatic stress disorder—a mix of flash-
PAPAL VISIT: Pope Francis met with Turkish President Erdogan on
Friday, calling for religious tolerance in the heavily Muslim region. A7
Composite
NOONAN A13
economy at a time when the
world needs a dependable growth
engine.
Multiple
strands
Friday
pointed to slackening economic
vitality across the globe.
BY CLARE ANSBERRY
BY DREW HINSHAW
Inside
CONTENTS
Books.................. C5-10,14
Corporate News B1,3-4
Eating.......................... D7-9
Gear & Gadgets D10-11
Heard on Street.......B14
Letters to Editor.... A12
FIGHTING FOR CUSTOMERS: Women shopping on Black Friday at a Target in South Portland, Maine, check prices
at other retailers on a phone. Brick-and-mortar stores are aiming to compete with the Web on prices. B1
European Pressphoto Agency
n Millions of shoppers endured cold and long lines to
snap up Black Friday deals,
while retailers reported strong
growth in online sales. B1
n Data on the personal savings
rate and consumer spending
offered promising signals for
the holiday shopping season. A4
n U.S. Customs officials are
ratcheting up efforts to confiscate millions of dollars of counterfeit gift-friendly goods. B1
By Nick Timiraos in New
York, Brian Blackstone
in Frankfurt and Takashi
Nakamichi in Tokyo
backs, depression and sleeplessness springing from
a war that ended four decades ago.
More than 530,000 veterans received treatment
for PTSD from VA hospitals and clinics through
March of this year, nearly double the total through
2006, according to the Veterans Administration. Iraq
and Afghanistan veterans make up a large portion of
the increase but account for slightly more than a
quarter of PTSD patients; the rest served in earlier
wars, mainly Vietnam.
Many of those Vietnam veterans threw themselves into family and work after the war, keeping
busy to avoid thinking about what happened. Now,
Please turn to page A10
In India, Forget Doughnuts, It’s Time
To Make the Tough Guy Chicken Burger
i
i
i
Chain Serves Up Beef-Free Patties,
Later Hours; Domino’s Spicy Banana Pizza
BY PREETIKA RANA
by the dozen.
The Massachusetts-based chain
NEW DELHI—Diksha Sharma has had to radically rework its
visits her neighborhood Dunkin’ menu in India and rebrand itself
Donuts three times a week but has through an advertising campaign
yet to buy its doughnuts or coffee. to let consumers know it offers
The 23-year-old publicist goes more than a Bavarian Kreme and
there for the burgers.
coffee. In India it now has almost
“I don’t think
as many burgers
anyone
would
on the menu as
come just for a
McDonald’s. All
doughnut,” Ms.
its burgers in InSharma said, tuckdia,
like
ing into a Dunkin’
McDonald’s, are
Donuts Original
beef-free.
Tough
Guy
Dunkin’s deciChicken Burger.
sion to put burg“My grandmother
ers on the menu
Dunkin’ veggie burger
only
recently
for the first time
found out what a
anywhere underdoughnut is.”
scores challenges international
It is a harsh truth America’s chains can face adapting to culdoughnut chain has had to em- tural differences.
brace in Asia’s third-largest econWith a growing middle class
omy: Many Indians just don’t like that is just discovering the joys of
doughnuts, and even the ones that eating out, India has been touted
Please turn to page A4
like them are unlikely to buy them
BREGUET BOUTIQUES
NEW YORK BEVERLY HILLS BAL HARBOUR LAS VEGAS
T O L L F R E E 8 77- 8 91- 127 2
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Business & Finance
Robert F. Bukaty/Associated Press
n A spy saga is roiling Moldova ahead of elections in
the former Soviet state. A9
n Energy-company stocks
and the currencies of major
oil-producing nations stumbled as OPEC’s decision to keep
pumping crude despite a glut
rippled across the globe. A1
n The oil-price drop presents a fresh challenge for flagging economies in Europe, Japan and emerging markets. A1
n The Dow eked out another record close despite
the selloff in energy shares. B1
ducers including Continental Resources Co., the biggest producer
in North Dakota’s Bakken Shale.
Its shares plunged on Friday
nearly 20%, to $40.98.
Exxon Mobil Corp. fell 4.2%,
BP PLC dropped 5.5% and Royal
Dutch Shell PLC lost 7%, all in
abbreviated New York trading.
Currencies of most major oil
producing nations including Russia, Nigeria and Canada weakened. The Russian ruble tumbled
almost 3% to an all-time low of
50.57 to the dollar, before recovPlease turn to page A8
Fresh Signs of Global
Slump Challenge U.S.
n The pope demanded respect for religious freedom
during a meeting with Turkish President Erdogan. A7
n Ray Rice, the former Baltimore Ravens running back,
won an appeal of his indefinite
suspension from the NFL. A3
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