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Page 1: 2014 10 03 cmyk NA 04 - The Wall Street Journalonline.wsj.com/public/resources/documents/pageone1003.pdf · ***** friday,october 3, 2014~vol. CCLXIV NO.80 WSJ.com HHHH $2.00 DJIA

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* * * * * FRIDAY, OCTOBER 3, 2014 ~ VOL. CCLXIV NO. 80 WSJ.com HHHH $2 .00

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TODAY IN MANSION

Bargain MansionsARENA Baseball’s Painful Playoff Problem

CONTENTSBusiness Tech..............B4Corp. News............B2-3,5Global Finance.............C3Heard on Street.......C10In the Markets........C4-5Movies......................D4,D9

Mansion...................M1-14Opinion.....................A11-13Sports.............................D10Television................D5,D8U.S. News...................A2-6Weather Watch..........B6World News....A7-10,14

s Copyright 2014 Dow Jones & Company.All Rights Reserved

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What’sNews

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World-WidenHealth officials are screen-ing some 100 people for poten-tial Ebola exposure in Texas,where a Liberian man with thedisease is hospitalized. A1nFinding healthworkerswhoare qualified to care for thethousands of patients in WestAfrica has proved difficult. A6nAn American journalisttested positive for Ebola whileworking in Liberia and is ar-ranging to return to the U.S. A6n Student protesters inHong Kong agreed to holdtalks with the city’s No. 2 gov-ernment official as pro-de-mocracy rallies continued. A9nTurkey’s Parliament votedto expand military authority asIslamic State threatened a Syr-ian town near the border. A7nOver 9,000 civilians havebeen killed in Iraq this yearamid growing rights abuses byIslamic State, the U.N. said. A8nHealth insurerswill cancelplans for tens of thousands ofconsumers this fall, in the lat-est sign of how the health-carelaw is reshaping themarket. A3nAn appeals court said a pro-vision of a Texas abortion lawcan take effect, potentiallyshutting all but seven clinics.A2nThe Supreme Courtwillhear cases on employment dis-crimination, fair housing andcongressional redistricting. A4nA search is on in Mexico’sGuerrero state for 43 missingstudents amid fears they werekidnapped by drug gangs. A14nThe Treasury is targetingLos Angeles’s garment districtto fight suspectedmoney laun-dering by drug cartels. A2

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Berkshire agreed to buyPhoenix-based auto re-

tailer Van Tuyl in an all-cashdeal and use it to launch aconsolidation of the sector. A1n J.P. Morgan said about 76million households were af-fected by this summer’s cyber-security attack on the bank. A1nThe bank is selling a smallerchunk of its physical-com-modities business to Mercuriathan previously planned. C1n Sears plans to sell most ofits 51% stake in Sears Canadato its own shareholders, with$168 million expected tocome from CEO Lampert. B1n The European Central Banktook no new action despiteeurozone inflation weaken-ing to a five-year low. A8n UPS and FedEx are lobby-ing retailers to make holidaychanges to avoid a repeat oflast year’s shipping fiasco. B1n Facebook said it changedhow it conducts experimentson users, implementing newstandards for researchers. B4nDisney’s Igerwill stay onas chairman and CEO untilmid-2018, two years later thanhis planned retirement. B2n U.S. stocks stabilized aftera stretch of sharp declines assmall caps rallied. The Doweased 3.66 to 16801.05. C4n GoPro’s stock was roiledafter the company said itsCEO and his wife gave 5.8million shares to a charity. C1n The New York Fed’s chiefpushed back against allegationshis institution has been a weakand deferential regulator. C3

Business&Finance

Warren Buffett wants to sellyou a car.

The billionaire investor onThursday agreed to buy Amer-ica’s fifth-largest auto retailerand use it to launch a consolida-tion of the highly fragmentedbusiness.

His Berkshire Hathaway Inc.would acquire an about $8 bil-lion retail business with opera-tions from Florida to California,and use it to snap up family-owned dealerships elsewhere.The retailer, which will benamed Berkshire Hathaway Au-tomotive, can leverage Berk-shire’s other companies to pro-vide car sales, financing andrelated services.

The move comes as car-retail-ing is poised to undergo signifi-cant changes that provide greaterefficiencies. Dealer profits havebeen rising as auto makers culledless financially stable businessesduring last decade’s financial cri-sis. Customers also have em-braced the Web to shop for cars,cutting dealer overhead costs.

“We’re certainly thinking bigand would like to grow the busi-ness,” said Jeff Rachor, presi-dent of Phoenix-based Van TuylGroup, which Berkshire agreedto acquire in an all-cash deal.The purchase price wasn’t dis-closed.

Mr. Rachor, who will becomeBerkshire Hathaway Automo-

Pleaseturntothenextpage

By Christina Rogers,Erik Holm

and Chelsey Dulaney

BuffettMakesDrive IntoCar Sales

The number of people in Texaswho are being screened for po-tential exposure to Ebola ex-panded Thursday to roughly 100,as health officials cast a wide netto try to prevent the one con-firmed case of the disease fromsparking an outbreak.

Four members of a familyclose to Thomas Eric Duncan, theLiberian man diagnosed with thevirus, were ordered to remain intheir Dallas home and not re-ceive any visitors until at leastOct. 19, to pass the 21-day maxi-mum incubation period for the

often-deadly disease.The 100 people being screened

represent a “very wide net,” in-cluding some who possibly hadbrief encounters with Mr. Duncan,Texas health officials said. Theyadded that the number is likely todrop as they narrow the list tothose actually at potential risk ofinfection.

Thursday, an American free-

lance journalist in Liberia testedpositive for the disease, his fatherand his employer, NBC News,said. The 33-year-old man is ten-tatively scheduled to be trans-ported back to the U.S. on Sunday.

In Mr. Duncan’s case, TomFrieden, director of the Centersfor Disease Control and Preven-tion, said officials so far haveidentified only “a handful” of in-dividuals who may have had closecontact with him.

The public health searchcomes as authorities in Liberiagrapple with how Mr. Duncan

managed to leave their countryand bring Ebola to the U.S. de-spite government efforts to stoptransmission of the virus, a jour-ney that took him from a neigh-borhood of tin-roof houses in aWest African capital to an isola-tion ward at a Dallas hospital.

Before traveling to Texas viaPleaseturntopageA6

By Ana Campoy,Drew Hinshawand Dan Frosch

U.S. Ebola Screening GrowsOfficials Say About 100 Individuals Will Be Monitored for Potential Exposure

Tears and Fears in Liberia Where Dallas Patient Was Infected

Glenn

aGordonforTh

eWallS

treetJournal

SALANG, Afghanistan—It had already takenAbdul Wali all morning to make the trip, haulingfuel some 200 miles from the border of Uzbeki-stan along a potholed highway. But the worstpart of his journey was ahead: crossing the Sa-lang Tunnel, some 2 miles above sea level.

On this day, traffic had already slowed to acrawl, as fog blanketed the north approach tothe tunnel. A mud-flecked convoy of policetrucks, bristling with machine guns and rocket-propelled grenades, idled near the entrance. Mr.Wali, wearing a crisp white shalwar kameez andblue checkered scarf, stowed his tool kit and

BY NATHANHODGE

BOTTOMLESS PIT

U.S. Balks at BillsFor Crumbling Afghan Tunnel

For weeks, military plannershave debated a thorny strategicproblem. In recent days, theysent a suggestion to the Penta-gon’s top brass.

It was rejected. America’snewest war won’t be called Op-eration Inher-ent Resolve.

Two monthssince warplanes firststarted strikingIslamic Statetargets, opera-tions in Iraqand Syria don’t have a fancyname. One of the generic place-holders found on classified Pen-tagon PowerPoint slides reads:“Operations in Iraq and Syria.”

To some military officers, In-herent Resolve didn’t properlyevoke the Middle East. Othersfaulted it for failing to highlight

the international coalition theU.S. had assembled. Still otherssimply found it uninspiring.

One senior official said In-herent Resolve was a place-holder name and never seri-ously considered for the overallwar effort. Other officials saidhad the name been better re-

ceived it mightwell be thenew war’smoniker.

“It is justkind of bleh,”said a militaryofficer.

And so aidesto the Joint Chiefs of Staff haveasked Gen. Lloyd Austin, headof Central Command, for newoptions.

The modern tradition of op-erational code names beganwith the Germans in World WarI. The U.S. started in earnest

PleaseturntopageA7

Operation Name-That-Mission:The Hunt for Military Monikers

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From Desert Storm to Sea Angel, PentagonSeeks Evocative Options; ‘Kind of Bleh’

The Pentagon

teapot for the next stage of the daylong journey.He looked on the bright side: At least the

weather was good. “It takes two or three days togo to Kabul in the winter,” he said.

Considered a marvel of engineering when itwas built decades ago, the Salang serves a criticalrole in this corner of the world. Carved from therock of the Hindu Kush mountain range, it is theonly viable land route linking the capital, Kabul,to northern Afghanistan. According to the U.S.military, some 80% of the country’s commercepasses through it.

But if it is Afghanistan’s main economic artery,the Salang Tunnel is in desperate need of bypass

PleaseturntopageA10

No Fresh Steps From ECB on Europe’s Weak Economy

LaPresse/Press

Pool

In a community near where victim Thomas Eric Duncan lived in Monrovia, many have died and children are worried they will be taken away.

SLOW GOING: European Central Bank President Mario Draghi, at center with the bank’s governing council onThursday, said the effect of recent stimulus had yet to be fully felt. European stocks fell on the news. A8

Heard on the Street: Gettingmileage out of car deal .......... C10

American journalist in Liberiatests positive for Ebola............ A6

Lack of qualified staff in Africahurts efforts.................................... A6

United contacts passengers... A6

J.P. Morgan Chase & Co. saidabout 76 million households wereaffected by a cybersecurity attackon the bank this summer in one ofthe most sweeping disclosedbreaches of a financial institution.

The largest U.S. bank by assetssaid the unknown attackers stolecustomers’ contact information—including names, email addresses,phone numbers and addresses.The breach, which was first dis-closed in August and is still underinvestigation by the bank and lawenforcement, extended to the bulkof the bank’s customer base, af-

fecting an amount equivalent totwo-thirds of American house-holds. It also affected about sevenmillion of J.P. Morgan’s small-busi-ness customers. It isn’t clear howmany of those households are U.S.-based.

The bank said hackers were un-able to gather detailed informationon accounts, such as account num-bers, passwords, Social Securitynumbers or dates of birth. Cus-tomer money is “safe,” the banksaid in a statement to customerson Thursday.

PleaseturntopageA10

BY EMILY GLAZERAND DANNY YADRON

J.P. Morgan Breach Hit76 Million Households

BY JULIAN E. BARNES

J.P. Morgan’s resource deal withMercuria gets reined in............. C1

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