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Scandal in World Soccer Pressures Sponsors

The indictments alleging corruption among FIFA officials leave corporate sponsors facing dilemma of whether to back away from the powerful marketing outlet of the world’s most popular game.

Sepp Blatter’s Biggest Enemy

Why Michel Platini and UEFA—Europe’s soccer confederation—have been at war with Sepp Blatter, the embattled FIFA president.

NYSE Looks to Ease Late-Day Pileup

The New York Stock Exchange is preparing a new plan to make it easier to buy or sell the shares of thousands of listed companies, an effort to counter the slow midday trading and uneven liquidity plaguing U.S. stock markets.

Brussels Beat

Jobs, Not Welfare, Lure Immigrants to U.K.

Changing the welfare system to discriminate against foreigners may not reduce immigration, writes Stephen Fidler.

ECB Ups Pressure for Swift Greece Deal

The European Central Bank said protracted Greece talks could worsen borrowing conditions for other eurozone countries.

How Google Aims to Delve Deeper Into Users’ Lives

Google showcased new offerings, including a mobile-payment system and photo service, designed to embed the Internet giant more deeply into users’ lives.

J.P. Morgan Aims to Cut 5,000 Jobs

J.P. Morgan has begun layoffs that are expected to total more than 5,000 by next year, eliminating at least 2% of the bank’s workforce. 115

Off Duty

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Travel

Europe Braces for a Summer Travel Crush

With record crowds expected in Europe this summer, museums and landmarks are hiring crowd-control experts, extending hours and diverting tourists to other sites.

Business

Amazon to Add Its Own Line of Food

Amazon.com is preparing to broadly expand its fledgling lineup of private-label brands to include grocery items such as milk, cereal, and baby food, as well as household cleaners.

‘Numbers Guy’ Behind Broadcom Deal

Avago CEO Hock Tan, a media-shy financial whiz now mounting the largest takeover in high-tech history, is stepping into the limelight with a $37 billion cash-and-stock deal to buy chip maker Broadcom.

Airbus Hit by Delays in New A320neo Flight Trials

Airbus Group SE has encountered delays in flight trials of its new A320neo single-aisle jet because of a problem on one of the engines, although the program remains on track for its first plane delivery this year.

Lehman’s Fuld Says It Wasn’t His Fault

Richard Fuld Jr. insisted he doesn’t want to play “woulda, coulda, shoulda” about the collapse of Lehman Brothers Holdings.

Libor Accused Received Help From Boss, Evidence Shows

Tom Hayes, the former UBS trader accused of being the ringleader of a global interest-rate-rigging conspiracy, received a helping hand from his boss, according to evidence presented at his London trial.

China to Ease Limits on Overseas Investments

Beijing is set to announce changes that will allow individuals and businesses to directly purchase stocks, bonds and real estate in foreign markets—part of a long-stated goal of making the yuan a global currency.

Shanghai Stocks Fall to Earth

Chinese stocks began the day less than 60 points from the 5000 mark, following seven sessions of gains.Thursday ended with a 6.5% loss as investors raced for the exits.

Bank of Portugal Fines Ex-Banco Espirito Santo Officials

Portugal’s central bank has accused 15 officials from collapsed Banco Espírito Santo of harming the bank’s depositors, investors and creditors by selling the debt of its parent when it was already known the lender was in trouble.

Number of African Countries Facing Food Crises Doubles

The number of African countries facing severe food shortages has doubled over the past two decades, as extreme weather conditions, natural disasters and insurgencies disrupt farming across the continent, aid agencies said.

Eighteen Labs May Have Received Anthrax Shipments

Live anthrax samples may have been sent inadvertently from an Army facility to as many as 18 labs in the U.S. and Korea.

New Nigerian Leader Looks to Shrink Government

Nigeria’s new president is considering an overhaul of the way Africa’s top economy governs itself, weighing options that include eliminating ministries, reconfiguring the state-owned oil company, and removing a multibillion-dollar gasoline subsidy.

China Accuses U.S. of Stoking Maritime Tensions

Beijing accused the U.S. of provoking tensions over the South China Sea, offering a stern response to Washington’s criticisms.

Weakening Economy Threatens Turkish Government

Voter dissatisfaction could pose a risk to President Recep Tayyip Erdogan’s ambitions.

Video

Pressure Mounts on FIFA’s President Sepp Blatter

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Haggling Over Salary May Be a Thing of the Past

1:47

High-End Golf Communities Get Their Swing Back

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Art History

St. Ives: A Remote British Town With an Artistic Atmosphere

Six hours southwest of London, St. Ives has inspired generations of artists, including modernist sculptor Barbara Hepworth, who is having a long-overdue moment.