The document is a newspaper with the following high-level information: 1) John Podesta, a top White House adviser, will join Hillary Clinton's presidential campaign after leaving the administration in February. 2) A French man who killed hostages in a kosher grocery store and shot a police officer harbored resentment against police since 2000 when an officer shot and killed his friend. 3) Some companies are considering moving some manufacturing back to the US from China as wages have risen in China while US energy costs have decreased, making domestic production more competitive.

1. YELLOW
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CONTENTS
Arts in Review.......... D5
Corporate News... B2-4
Global Finance............ C3
Heard on the Street C12
Home & Digital..... D1-3
In the Markets........... C4
Opinion.................. A13-15
Property Report.. C6-8
Sports.............................. D6
Technology................... B5
U.S. News................. A2-6
Weather Watch........ B7
World News.......... A8-11
s Copyright 2015 Dow Jones & Company.
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What’s
News
i i i
World-Wide
n White House adviser Po-
desta will join Clinton’s emerg-
ing presidential bid in February,
in one of the strongest signs yet
she plans to launch a run. A1
n The U.S. budget gap in 2014
was the smallest since 2007,
marking an economic shift as
Obama and Congress prepare
to face off over legislation. A2
n Obama said he would work
with Republicans on areas in-
cluding trade and national se-
curity in his first meeting with
leaders of the new Congress. A4
n The White House proposed
a new cyberattack strategy, in-
cluding information-sharing
directives with companies and
stiffer criminal penalties. A4
n France plans to beef up do-
mestic surveillance to track
terror threats in the wake of
last week’s deadly attacks. A8
n An Illinois teen who tried to
fly to Turkey pleaded not guilty
of attempting to provide mate-
rial support to Islamic State. A6
n Indonesian investigators
downloaded data from the first
of two black boxes recovered
from AirAsia Flight 8501. A10
n Boko Haram and troops in
Cameroon clashed in a battle
that sent thousands fleeing. A9
n Uganda’s military said that
the Lord’s Resistance Army’s
second-in-command will
stand trial at The Hague. A9
n An artillery strike hit a bus
in eastern Ukraine, killing 11
people, in the largest civilian
death toll in months. A9
n An Egyptian appeals court
ordered the retrial of Muba-
rak in a corruption case. A11
i i i
MetLife is suing the gov-
ernment over its decision
to subject the insurer to stricter
oversight, setting up a battle
over U.S. financial regulation. A1
n U.S. stocks were buffeted by
volatility in a session that saw a
424-point intraday swing in the
Dow. The blue chips ended 27.16
points lower at 17613.68. C1
n Oil prices fell again after the
U.A.E. oil minister said OPEC
would keep output steady. Cop-
per sank to a five-year low and
the ruble weakened. C1, B1
n The World Bank cut its
global growth forecast for 2015
to 3%, citing eurozone and
emerging-market woes. A11
n Caesars Entertainment’s
largest unit is preparing to
file for bankruptcy protec-
tion as soon as Thursday. B1
n U.S. financial regulators
are taking a closer look at
electronic bond quotes and
brokers’ markups on trades. C1
n Samsung will release a
smartphone in India that runs
the company’s homegrown
Tizen operating system. B1
n Auto makers are on a colli-
sion course with U.S. regulators
over the timetable for strict
fuel-economy standards. B1
n Ocwen Financial’s shares
plunged 36% as the mortgage
servicer locked horns with
regulators in California. C3
n The Supreme Court sided
with borrowers over a law
that lets consumers rescind
some mortgage loans. C3
n Amazon signed Woody
Allen to create a TV series
for its streaming service. B1
Business&Finance
John Podesta, a top White
House adviser, will take on a se-
nior role in Hillary Clinton’s
emerging presidential bid after
he leaves the administration in
February, three people familiar
with the matter said. The move
is one of the most definitive
signs yet that Mrs. Clinton is
building the apparatus to launch
a 2016 run.
Mrs. Clinton isn’t likely to an-
nounce her decision on whether
to enter the race until the
spring. But her advisers are
making preparations for such a
campaign, as evidenced by Mr.
Podesta signing on.
Mr. Podesta, who served as
chief of staff in former President
Bill Clinton’s second term and
has held a top role in the fam-
ily’s charitable foundation, has
sat in on informal meetings of
Clinton aides in recent months
devoted to a possible presiden-
tial bid, according to people fa-
miliar with the matter.
The precise role Mr. Podesta
would play in a Clinton cam-
paign is unclear. People familiar
with discussions said he likely
would be campaign chairman,
should she decide to run.
Campaign operations tend to
have a youthful cast, but Mr. Po-
desta, who turns 66 this month,
would come to the job as a se-
nior strategist and trouble-
shooter for Mrs. Clinton.
In the White House, Mr. Po-
desta has been among President
Barack Obama’s small circle of
top advisers, keeping a hand in
PleaseturntopageA4
BY PETER NICHOLAS
AND COLLEEN MCCAIN NELSON
Podesta
To Join
Clinton’s
Campaign
PARIS—The man who last
week killed four Jewish hostages
in a kosher grocery and shot
down a police officer nursed
deep resentment against French
law enforcement, according to
his friends and court documents.
In 2000, when Amedy Couli-
baly was 18, police shot dead a
close friend while he was at-
tempting to flee the scene of a
robbery, said prosecutors and
the deceased man’s lawyer.
Courts rejected requests by the
victim’s family to review the kill-
ing, ruling that the officer acted
in legitimate defense.
That shooting, and the courts’
decision, are crucial details in
piecing together the path trav-
eled by a troubled youth toward
Islamic radicalization, a friend-
ship with a convicted terrorist
and last week’s bloody shooting
spree.
Mr. Coulibaly, who police
killed when they stormed the
grocery, said those attacks were
coordinated with the Kouachi
brothers’ alleged assault two
days earlier on the French maga-
zine Charlie Hebdo, and, in a
video released online after his
death, said his assault was justi-
fied by Western attacks on Is-
lamic State militants.
Interviews with friends and
lawyers—as well as police inter-
rogation transcripts, phone taps
and court documents—show Mr.
Coulibaly began having run-ins
with the law at an early age.
The only boy in a family of
nine sisters, he was cited for
robbery at age 15. It was the
start of a criminal record that
eventually included shoplifting,
drug-dealing, armed robbery and
the sale of stolen goods. In 1999,
Mr. Coulibaly was convicted of
assaulting a police officer.
The following year, his friend,
19-year-old Ali Rezgui, was shot
dead. The decision not to review
the killing set off days of riots in
his hometown of Grigny, a dilap-
idated and crime-ridden area at
Paris’s southern rim.
“He was the only guy he
liked,” Hayat Boumeddiene, Mr.
Coulibaly’s partner and a sus-
pected accomplice in the Paris
attack, told police in 2010. “And
since then, he doesn’t have a
best friend.”
In 2004, a French court con-
victed Mr. Coulibaly of armed
bank robbery, sentencing him to
six years in prison. Mr. Coulibaly
was sent to Fleury-Mérogis, a
prison south of Paris. Inmates of
the facility, which is shaped like
a web of concrete, routinely cir-
cumvented its barriers by tying
PleaseturntopageA8
By Stacy Meichtry,
Noémie Bisserbe
and Benoît Faucon
French Man’s Path to Terror
GunmanWhoAttackedKosherGroceryandKilledOfficerHarboredResentmentofPolice
PITTSBURGH—Thorley Indus-
tries LLC began planning several
years ago to launch a baby car
seat with a set of electronic con-
trols and a potential novelty: The
Pittsburgh-based firm considered
making the seats in the U.S.
Officials at Thorley, which
manufactures most of its infant-
care line in China, sought to avoid
for at least one product the trans-
Pacific flights and language barri-
ers that come with doing business
overseas. They looked to lower
shipping costs and eliminate the
monthslong wait for supplies to
arrive and clear customs. There
also was the chance customers
might prefer American-made.
In the beginning, at least, “I think we were all
definitely rooting for the U.S.,” said Rich Juchnie-
wicz, a product developer at Thorley, which markets
its baby line under the 4moms brand.
For years, the U.S. has ceded
more and more of its manufactur-
ing to lower-cost corners of the
global economy. No one expects
the U.S. to again make most of
the electronic gadgets, tools, toys,
furniture, lighting and other
household products that tally
more than $500 billion a year in
imports.
But some companies contend
the U.S. has renewed its attrac-
tion. Wages are stable, for exam-
ple, while China’s have soared.
The U.S. energy boom has re-
duced natural gas prices and kept
a lid on electricity costs. Plus,
more companies want to protect
designs from overseas copycats,
keep closer tabs on quality con-
trol and avoid potential disrup-
tion in supply chains that span
oceans.
As China’s cost advantages shrink, the U.S. has the
potential, with investments in automation, to retrieve
PleaseturntopageA12
BY JAMES R. HAGERTY
AND MARK MAGNIER
MANUFACTURING SHIFT
Companies Tiptoe Back
Toward ‘Made in the USA’
MetLife Inc. is challenging the
federal government’s decision to
subject the insurer to stricter
oversight, setting up the biggest
test yet for regulators responsi-
ble for protecting the U.S. finan-
cial system from another crisis.
The move comes as Republi-
cans, now in control of both
houses of Congress, plan changes
that would roll back some ele-
ments of the 2010 Dodd-Frank fi-
nancial-overhaul law, the signa-
ture piece of legislation
introduced after the housing
bust.
The lawsuit pits the nation’s
largest life insurer by assets
against the Financial Stability
Oversight Council, a group of top
financial regulators created by
Dodd-Frank and given authority to
identify companies that could
threaten the U.S. economy in a
crisis. MetLife, the fourth nonbank
to be designated as “systemically
important” by the council, is the
first company to legally challenge
that conclusion. The label means
that MetLife could pose signifi-
cant risks to the U.S. financial sys-
tem should it collapse and war-
rants tougher oversight, which
could crimp its ability to raise div-
idends and buy back shares.
MetLife said it doesn’t pose
such risks, and the government
used flawed metrics in arriving
at its decision.
Lawmakers in recent months
have mounted successful attempts
to roll back or change portions of
the Dodd-Frank law, including a
successful effort to eliminate a re-
quirement big banks put certain
trading activities into separate af-
filiates. Additional efforts by Re-
publicans are expected in coming
Pleaseturntothenextpage
BY VICTORIA MCGRANE
AND LESLIE SCISM
MetLife Suit Sets Up
Battle Over Regulation
From Here to There
Share of global manufacturing
exports
The Wall Street Journal
Source: World Trade Organization
20
0
5
10
15
%
China EU U.S. Japan
2000 2013
DanKitwood/GettyImages
SHAWANO, Wis.—Atop a
wooded hill here in the heart of
America’s Dairyland, an industry
legend was recently laid to rest.
It wasn’t some milk magnate
or a famed innovator, but an or-
nery, 2,700-pound bull named
Toystory—a titan of artificial in-
semination who sired an esti-
mated 500,000 offspring in more
than 50 countries.
“He was a dream bull,” said
Jan Hessel Bierma, editor in
chief of dairy-breeding magazine
Holstein International.
In the increasingly high-tech
world of cow reproduction, a top
bull’s career tends to last just a
few years as farmers chase bet-
ter genetics to boost milk output
and animal durability, playing a
numbers game not unlike a Ma-
jor League Baseball manager.
Rare is the bull with the
genes and testicular fortitude to
sell a million units of semen,
known among breeders as the
millionaires club.
Over nearly a decade, Toystory
shattered the record for sales of
the slender straws that hold
about 1/20th of a teaspoon and
are shipped using liquid nitrogen
to farmers around the world. A
unit fetches anywhere from a few
dollars to several hundred.
After joining the millionaires
club, Toystory surpassed Sunny
Boy, a Dutch bull who sold more
than 1.7 million units in the
PleaseturntopageA6
BY MARK PETERS AND ILAN BRAT
A Breeder Apart: The Bull Who Sired 500,000 Is Gone
i i i
Fans Commemorate ‘Toystory,’ a Dairy Legend With a Ravenous Libido
Toystory
The body of Ahmed Merabet, a policeman killed during a terrorist attack last week in Paris, is carried during a funeral Tuesday at a Muslim cemetery.
Stocks Take a Roller-Coaster Ride
1
2
3
4
5
Oct. 15, 2014
Jan. 13, 2015
Dec. 18, 2014
Dec. 16, 2014
Feb. 3, 2014
458.18
424.78
410.55
359.85
352.37
POINTSDATE
Dow Jones Industrial Average
at one-minute intervals
Tuesday’s swing
Largest intraday
swings in the past 12 months
The Wall Street JournalSource: WSJ Market Data Group
18000
17500
17600
17700
17800
17900
Jan. 12
close
Open
17613.68
10 a.m. 11 Noon 1 p.m. 2 3 4
IN THE SWING: The Dow industrials finished 27 points lower Tuesday after
a volatile session that featured a 424-point intraday swing, the largest since
October. Traders struggled to pinpoint a catalyst for the drop. C1
 Obama seeks bipartisan
common ground............................ A4
C M Y K Composite
CompositeMAGENTACYANBLACK
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BG,BM,BP,CC,CH,CK,CP,CT,DN,DR,FW,HL,HW,KS,LA,LG,LK,MI,ML,NM,PA,PI,PV,TD,TS,UT,WO
P2JW014000-4-A00100-1--------XA