2014 11 25 cmyk NA 04 - The Wall Street...

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* * * * * * TUESDAY, NOVEMBER 25, 2014 ~ VOL. CCLXIV NO. 125 WSJ.com HHHH $2 .00

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In the Markets....... C6,7Markets Dashboard C4Opinion................... A11-13Sports.............................. D6U.S. News................. A2-6Weather Watch........ B6World News......... A7-10

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What’sNews

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World-WidenAgrand jury declined to in-dict a white police officer in thefatal shooting of an unarmedblack teen in the St. Louis sub-urb of Ferguson,Mo., a decisionthat led to renewed unrest.A1n The Justice Department isconducting its own probe tosee if federal civil-rights lawswere violated in the killing. A6nHagel is stepping down asdefense secretary, forced outafter the White House and thePentagon chief couldn’t agreeas war flared in theMideast. A1n Iran and world powersfailed to reach a nuclearagreement and extended talksuntil the end of June 2015. A1n The FDA warned againstthe use of morcellators onmost women, likely curtailingthe surgical procedure. A1n Chain restaurants will berequired to list calorie countsunder new FDA rules. B1n Tunisia’s presidential voteappeared headed for a runoffafter the interim presidentfared better than expected. A7n A Swiss museum accepteda trove of artworks bequeathedto it by the son of one of Hit-ler’s main art dealers. A10n Saudi Arabia linked adeadly attack on a Shiite vil-lage to Islamic State. A8nArab attackers stabbedtwo Jewish seminary studentsin Jerusalem’s Old City. A8n Protective suits to treatEbola are in short supply, withU.S. demand climbing. A7n An Italian doctor workingfor an NGO in Sierra Leonetested positive for Ebola. A7

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United Technologies’ CEOabruptly stepped down

after six years at the helm.The company offered no ex-planation for his departure. B1n Chinese banksmay be re-luctant to pass along lowercentral-bank lending rates forfear of hurting their profits. C1nA surge in Chinese stocksbefore Beijing’s rate cut Fridayhas drawn complaints by in-vestors who suspect leaks. C2n A Texas woman wascleared in a 2004 crash thatkilled her fiancé after GMlinked the accident to an ig-nition-switch flaw. B2nCitigroup agreed to pay $15million to resolve Finra allega-tions that it shared informa-tion selectively with clients. C1nThe EUwon’t formally seekmore deficit cuts from Franceand Italy in a preliminary bud-get review, officials said. A10n BT is in early talks to buyTelefónica’s U.K. mobile busi-ness, O2. Analysts value O2at roughly $14 billion. B3n Stocks eked out fresh re-cords as investors cheeredlooser monetary policy. TheDow rose 7.84 to 17817.90. C7n San Diego County’s pensionfund is seeking a new invest-ment chief amid concerns overan outside firm’s strategy. C1n Amtrak said that its oper-ating loss has fallen to thelowest level in four decadesamid growing ridership. A2n Amazon has introduced aservice in three cities aimedat connecting customers tolocal service providers. B5

Business&Finance

Chuck Hagel is stepping downas defense secretary, forced outafter White House officials andthe Pentagon chief couldn’t agreeas war flared again in the MiddleEast.

Mr. Hagel had been tappedtwo years ago for the top Penta-gon job with the mandate ofoverseeing budget cuts and keep-ing the U.S. out of another over-seas war. A top credential was ashared belief with President Ba-rack Obama in limiting the reli-ance on American military powerto accomplish foreign policygoals.

Four months into an air waragainst Islamic State militants inIraq and Syria, Messrs. Obamaand Hagel agreed “another secre-tary might be better suited tomeet those challenges,” said JoshEarnest, the White House presssecretary.

Mr. Obama could pick a nomi-nee to succeed Mr. Hagel as soonas next week. Top candidates in-clude Michèle Flournoy, a formerundersecretary of defense, andAshton Carter, a former deputysecretary of defense, with Ms.Flournoy considered the front-runner, officials said.

Officials at both the Pentagonand the White House signaledthat Mr. Hagel’s departure cameamid mutual dissatisfactionover the renewed war in Iraqand the administration’s wider

PleaseturntopageA4

By Julian E. Barnes,Carol E. Lee

and Adam Entous

HagelResignsUnderPressure

The top U.S. health regulatorwarned Monday that a commonsurgical tool shouldn’t be used onmost women during hysterecto-mies, a decision that caps nearlya year of debate and is expectedto sharply limit a procedure theagency said can spread hiddencancer.

The Food and Drug Adminis-tration used its authority to callfor an immediate “black box”warning for laparoscopic powermorcellators, the strongest cau-tion the agency issues. Typically,such warnings on product labelsundergo a lengthy comment pe-riod before being completed, law-yers for device makers said.

“We believe that in the vast

majority of women, the procedureshould not be performed,” saidWilliam Maisel, deputy directorfor science and chief scientist atthe FDA’s Center for Devices andRadiological Health.

The move strengthens guid-ance the FDA issued in April anddraws tight boundaries arounduse of a device that divided gyne-cologists and alarmed women.Morcellators were being used inthousands of minimally invasiveprocedures every year to removegrowths known as fibroids. Whilefibroids are benign, they can behard to distinguish from a dan-gerous form of cancer called uter-ine sarcoma, which can’t be reli-ably detected before surgery.Morcellators, which typically use

PleaseturntopageA5

BY JON KAMP AND JENNIFER LEVITZ

FDAGives Surgical ToolIts Strongest WarningNEW YORK—Every fall, Jay-

gopal Seal is handed a most un-enviable task: getting rid of thepungent apricot-like seedsthat drop from the ginkgotree in front of the UpperWest Side food store where heworks.

“It’s not very pleasant,” Mr.Seal said of having to deal withthe seeds, which smell some-thing like a mix of vomit and pu-trid cheese. He picks them all uptwice a day, once before openingthe store, and whenever he canin the afternoon. “You’ve got tograb them before people startstepping on them,” he said.

His ordeal usually ends in No-vember, he says, when a groupof Chinese-speaking foragers in-evitably shows up one morningto shake the tree down and pickthe sidewalk clean. “They say

this neighborhood is a real goldmine,” Mr. Seal recalls.

Ginkgo seeds smell horrible,and their toxic flesh may causerashes. But every fall, they are atthe center of a citywide scaven-ger hunt.

“We eat them,” Wang Tongsaid as she looked for fallenseeds under several ginkgo treeson Roosevelt Island one late Oc-tober afternoon. Grabbing oneoff the ground, she gentlysqueezed its ripe orange flesh to

reveal a white, pistachio-sizednut that, once shelled, can becooked. “They’re great with rice,or in soups,” she said.

The taste itself isn’t over-whelming: The nuts pick up theflavor of whatever they arecooked in. But their blandnesshas a foil in the foul stench thatemanates from their fleshy cov-ering, which has earned the treean unenviable moniker: ginkgostinko.

Ginkgo trees, distinguishableby their fan-shaped leaves, areubiquitous in cities, thanks inpart to their extraordinary resis-tance to diseases, pollution andpretty much everything else. Atover 200 million years old, theysurvived whatever killed the di-nosaurs, and some of them with-stood the atomic bomb blastthat struck Hiroshima in 1945.

“They leafed out again thePleaseturntopageA10

BY DAVID MARCELIS

In Ginkgo Season, One Man’s Soup Is Another Man’s Stenchi i i

Cooked Seeds Can Be Tasty, but Many Cry Foul Over Raw Stink

Ginkgo seeds

VIENNA—World powers failedto reach a nuclear agreementwith Iran and extended talks forseven months, exposing deep di-vides between the sides and put-ting the diplomatic effort at riskfrom domestic discord in the na-tions involved.

After negotiators failed Mon-day for the second time this yearto meet a deadline for a deal,diplomats said they needed untilthe end of June 2015 to finalizethe terms. They agreed to rollover an interim agreementsigned last year that caps someof Iran’s nuclear work in ex-

change for an easing of Westerneconomic sanctions.

Secretary of State John Kerrylobbied for the extension at thelatest round of talks in Vienna,arguing significant progress hadbeen made and a breakdown innegotiations risked further de-stabilizing the Middle East.

“The nuclear program in Iran aswe negotiate is frozen,”Mr. Kerrytold reporters at the end of a weekof exhaustive negotiations with hisIranian counterpart, Javad Zarif.“We would be fools to walk awayfrom a situation where the break-out time has already been ex-panded rather than narrowed, andwhere the world is safer becausethis program is in place.”

The U.S. and its allies suspectIran’s nuclear work is aimed to-ward producing a weapon, some-thing Tehran has repeatedly de-nied.

The extension leaves the pro-cess vulnerable to greater do-mestic opposition in the U.S. Re-publican lawmakers poised togain control of the U.S. Congressin January quickly challengedthe Obama administration’s rightto continue its Iran outreach. Anumber of senators called forthe quick imposition of new eco-nomic sanctions on Iran, citingthe lack of an agreement despitemore than a year of talks.

Iranian officials have saidPleaseturntopageA8

BY JAY SOLOMONAND LAURENCE NORMAN

World Powers, Iran FailTo Negotiate Nuclear Deal

Gerald F. Seib: Changing worldshrunk Hagel’s appeal................ A4

GOP calls for policy revamp.. A4

United Technologies CEO’s Hasty Exit

NO EXPLANATION: Louis Chenevert is leaving the conglomerate thatmakes everything from Sikorsky helicopters to Otis elevators. Thecompany didn’t offer a reason for the abrupt retirement. B1

Bloomberg

New

s

CLAYTON, Mo.— A grand jurydeclined to indict a white policeofficer in the shooting of an un-armed black teenager whosedeath in the St. Louis suburb ofFerguson became a nationalflash point on race, justice andpolicing.

The decision released onMonday night led to renewedunrest after the region facedweeks of protest that turned vio-lent at times this summer. Policewithin hours of the decision

were using smoke canisters,teargas and non-lethal shotgunrounds to disperse crowds inFerguson as they reported inci-dents of looting and buildingsbeing set on fire.

The grand jury was chargedwith determining whether acrime occurred when Fergusonpolice officer Darren Wilson shot18-year-old Michael Brown inAugust after an altercation be-tween the two. St. Louis CountyProsecuting Attorney Robert Mc-Culloch said the 12-memberpanel didn’t find probable causefor five possible charges thatranged from first-degree murderto involuntary manslaughter, af-

ter hearing more than 70 hoursof testimony from about 60 wit-nesses.

“All decisions in the criminal-justice system must be deter-mined by the physical and scien-tific evidence, and the credibletestimony corroborated by thatevidence. Not in response topublic outcry or for political ex-pediency,” Mr. McCulloch said.

The shooting of Mr. Brown inAugust gained national attentionas protests spread to other citiesand President Barack Obama andCongress weighed in. On Mon-day night, Mr. Obama urgedcalm. “We need to recognizethat the situation in Ferguson

speaks to broader challengesthat we still face as a nation,”Mr. Obama said.

The national debate startedover the death of Mr. Brown and,more broadly, the treatment ofyoung, black men by police. Itgrew to include how police re-sponded to protesters in Fergu-son and the use of surplus mili-tary equipment such as Humveesby local police departments.

OnMonday, the crowd gatheredat the Ferguson police station ini-tially reacted quietly to the grand

PleaseturntopageA6

By Ben Kesling,Mark Peters

and Pervaiz Shallwani

Officer Not Charged inKillingGrand Jury Declines to Indict Ferguson, Mo., Policeman in Shooting Death of Teen

Michael Brown’s mother, Lesley McSpadden, in plaid scarf, with protesters Monday evening after the grand jury’s decision was announced.

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Legal fight extends beyond thegrand jury’s decision................... A6

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