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YELLOW reviewed by The Wall Street Journal. That involvement vio- lated conflict-of-interest policies, said Ceana Nezhat, the associa- tion’s president at the time, in a May 7 email to its executive di- rector and medical director. “Given the importance of COI surrounding this topic,” he wrote, referring to conflicts of interest, “and the potential press involvement in dissecting COIs of our board members in relation to morcellation, I am shocked the organization would allow their own policies to be ‘flexible.’ ” In responses emailed through Turn to DEVICE page A8 mains safe when performed by experienced, high-volume sur- geons.” Doctors read the report closely for guidance on use of morcellators, which cut up and remove tissue through small in- cisions. What they didn’t know: An AAGL executive officer who received consulting fees from a morcellator maker had weighed in before publication. The officer, New York surgeon Arnold Advincula, joined the AAGL board’s final discussions of the report, raising concerns among some in the group’s lead- ership, according to documents Last May, as controversy mounted over a surgical device called the power morcellator, a professional association for sur- geons issued a report defending the tool. A month earlier, the U.S. Food and Drug Administration had warned the device risked spread- ing cancer in surgeries such as hysterectomies. But the May re- port, from the AAGL—formerly known as the American Associa- tion of Gynecologic Laparosco- pists—said morcellation “re- DJIA Closed (18019.35) NASDAQ Closed (4893.84) NIKKEI 18004.77 À 0.5% STOXX 600 376.55 g 0.1% 10-YR. TREAS. Closed (yield 2.019%) OIL Closed ($52.78) GOLD Closed ($1,226.50) EURO $1.1356 YEN 118.48 | CONTENTS Corporate News.... B2,3 Global Finance............ C3 Heard on the Street C8 Law Journal................. B7 Markets Dashboard C6 Media & Marketing. B7 Moving the Market C2 Opinion..................... A9-11 Sports.............................. D6 Technology.............. B4-6 U.S. News................. A2-4 Weather Watch........ B8 World News..... A5-8,12 s Copyright 2015 Dow Jones & Company. All Rights Reserved > What’s News Egyptian planes bombed Is- lamic State targets in Libya in retaliation for the beheading of 21 Egyptian Christians, open- ing a new front in the conflict with the extremists. A1, A5 Talks between Athens and European creditors over a fi- nancing deal collapsed, height- ening uncertainty over Greece’s future in the eurozone. A1 The Ukraine truce unrav- eled in a strategic town as an advance by Russia-backed reb- els all but cut off thousands of Ukrainian soldiers. A6 Danish police arrested two men accused of helping a gun- man behind two deadly terror attacks in Copenhagen. A7 Tens of thousands rallied in Copenhagen, with many vow- ing to defend free speech. A7 French police detained five teenage boys for ques- tioning over the desecration of a Jewish cemetery. A7 Forces in Yemen loyal to the ousted president seized buildings in the city of Aden, escalating a civil conflict. A8 Frigid air stretched from Minnesota to Georgia. A win- ter storm brought snow and ice to the mid-Atlantic. A3 A train carrying crude de- railed and caught fire in West Virginia, leaking oil into a river and forcing evacuations. A3 Washington became the first state to extend the sign- up deadline for health insur- ance until mid-April. A4 Died: Leslie Gore, 68, singer- songwriter famed for teen hits. A contract dispute at West Coast ports is taking a toll on business, as retailers miss deliveries and auto makers ex- perience parts shortages. A1 U.S. financial regulators are designing rules to curb Wall Street pay packages that en- courage excessive risk, includ- ing “clawbacks” of bonuses. C1 The FAA proposed rules for commercial drones that would replace a current near-ban but set limits on operations. B1 The Cleveland Fed chief joined other central-bank offi- cials in signaling she may back a rate increase at midyear. A2 Mining firms have vowed not to cut output despite tum- bling commodities prices, cit- ing a stronger dollar. C1 GM will be in court to main- tain a bankruptcy shield to block customers’ claims linked to a faulty ignition switch. B2 Top GM executives have re- ceived restricted stock awards under a new incentive plan. B2 Transocean’s CEO stepped down, a casualty of the oil-price plunge and the drilling com- pany’s ill-timed expansion. B3 Canada signaled it may move to end a Canadian Pa- cific Railway strike that is snarling freight service. B3 Chinese investors are focus- ing on small European finan- cial firms in a bid to diversify and benefit from low prices. C1 The CFTC is poised to intro- duce measures to ensure ano- nymity for traders in the $900 trillion swaps markets. C3 Tempur Sealy’s CEO faces pressure from an activist inves- tor over the mattress maker’s earnings and share price. B2 Business & Finance World-Wide Negotiations On Greek Rescue Deal Break Down Egyptian warplanes bombed Islamic State targets in Libya on Monday in retaliation for the be- heading of 21 Egyptian Chris- tians, opening a new front in the broadening conflict with the fast-expanding extremist group. Egyptian President Abdel Fat- tah Al Sisi urged the U.S.-led co- alition fighting the extremist group in Iraq and Syria to follow his lead and take “necessary measures” to combat the organi- zation’s growing profile in Libya, the strife-torn nation on his country’s western border. In response to Egypt’s call, a U.S. defense official said only that the U.S. has a long-standing military-to-military relationship with the Egyptians. “We look forward to continuing that rela- tionship,” the official said. Egypt’s early morning air- strikes took place just hours af- ter Mr. Sisi, speaking on national television late Sunday, said Egypt would choose the “neces- sary means and timing to avenge the criminal killings,” for which Islamic State claimed responsi- bility in a grisly video released on Sunday. The Egyptian president’s re- quest for expanded coalition mil- itary efforts highlights one as- pect of the emerging debate over the new authority President Barack Obama seeks from Con- gress to wage military action against Islamic State. Mr. Obama wants a three-year “authorization for the use of military force” that doesn’t im- pose a geographic limit on U.S. operations against Islamic State. Several prominent lawmakers have said the authorization should geographically restrict operations to prevent a U.S. president from expanding Amer- ican involvement. Egyptian Foreign Minister Sameh Shoukry announced he would travel to Washington to participate in a three-day anti- terrorism summit Mr. Obama will convene at the White House on Wednesday. Representatives of more than 60 countries are expected to attend. The apparent slaughter of the Christians, members of the mostly Orthodox Coptic commu- nity in Egypt, marks Islamic State’s deadliest attack against foreigners outside the territory Turn to LIBYA page A5 BY TAMER EL-GHOBASHY IN CAIRO AND MATT BRADLEY IN BEIRUT Egypt Strikes Islamic State in Libya Mission to retaliate for beheading of Christians highlights militants’ broadening reach BRUSSELS—Negotiations over how to keep Greece afloat broke down abruptly Monday, demon- strating a wide gulf between Athens and its European credi- tors and triggering a new, heightened state of uncertainty about the country’s future inside the currency bloc. The collapse in talks among eurozone finance ministers leaves Greece and its lenders racing to reach a new financing deal for the indebted country be- fore its existing bailout plan ex- pires. The ministers called off the negotiating session just a few hours after it began, saying Greece left them little hope of securing an agreement. The ministers, in turn, pre- sented the new left-wing govern- ment in Athens with an ultima- Turn to GREECE page A6 BY GABRIELE STEINHAUSER AND STEPHEN FIDLER Thousands Gather in Denmark to Defend Free Speech Michael Probst/Associated Press Claire Koch is proud of her hard-earned physique. So she wasn’t bothered when her jeans went up a size or when a seam split on her pencil skirt. But when the 27-year-old stu- dent weighed herself after a recent shower, she lost it. “I wrapped myself in a towel, walked outside and threw the scale away,” Ms. Koch said. Ms. Koch is a disci- ple of CrossFit, a fast- growing fitness trend that emphasizes quick spurts of heavy weight- lifting. And her exasperation is be- coming increasingly common as the movement goes mainstream. There are no ifs, ands or “butts” about it: CrossFit athletes, as all participants are called, are finding that their bodies morph in unusual—and sometimes inconve- nient—ways. “I’ve gotten re-proportioned,” said Rachael Ashton, 24, a former college cheerleader turned Cross- Fit enthusiast in Houston. In a twist on the conventional pre- wedding diet, Ms. Ashton, a con- struction project engi- neer, cut back on her workouts last spring to slim down for her walk down the aisle. Crossfitters of both genders alternatively complain, and brag, about broad shoulders that won’t fit into jack- ets or long-sleeved shirts. Some who live in cold climates wear shorts year- round because they can’t find long pants that will contain their but- tocks. A typical CrossFit hourlong session mixes pull-ups, squats, Turn to FITNESS page A8 BY ROB COPELAND The Skinny on This Hot Workout: Fans Gain Seam-Busting Bulk i i i CrossFit devotees reject old body aesthetics, even if they can’t find pants to fit their buttocks As employers at the ports along the West Coast on Monday refused to unload ships for the sixth day out of the past 10, their nine-month contract dis- pute with port workers is be- coming a significant business problem. Ocean carrier Maersk Line has canceled some sailings, while China Ocean Shipping (Group) Co. said it will skip at least one port. Truckers that normally haul an average of five contain- ers a day away from the Port of Oakland, Calif., are lucky to haul one. A West Coast customs bro- ker said that her customers are being assessed as much as $300 a day for containers that sit too long on the docks, though the containers are trapped there. The delays are causing acute distress to small-business own- ers with limited inventory to cover sales. Retailers, who had been largely unscathed, are feel- ing the impact. Levi Strauss & Co. said it was concerned it wouldn’t receive some products in time for spring deliveries. The port delays also are caus- ing problems for auto makers. As of Monday, Honda Motor Co. was experiencing parts short- ages at plants in Ohio, Indiana and Canada that will affect its production on multiple days over the next week. Negotiations between the Pa- cific Maritime Association, which represents port employ- ers, and the International Long- shore and Warehouse Union have come to a standstill in re- cent days. While major sticking Turn to PORTS page A2 By Laura Stevens, Suzanne Kapner and Leslie Josephs Port Woes Starting To Damage Businesses CANDLELIGHT VIGIL: Crowds gathered in Copenhagen on Monday near the scene of a deadly attack on a free-speech seminar. The alleged gunman, identified by media as a 22-year-old street criminal drawn to Islamic radicalism, murdered two before police killed him. A7 Backups hurt retailers and take a heavy toll on small companies as labor dispute drags on ***** TUESDAY, FEBRUARY 17, 2015 ~ VOL. CCLXV NO. 38 WSJ.com HHHH $3.00 Apple Windup The Journal’s new Business & Tech. section examines the company’s next gambit | B1 Bret Stephens The BuzzFeed Presidency OPINION | A9 BY JOSEPH WALKER AND JENNIFER LEVITZ Doctor Group Split Over Disfavored Surgical Device Yield on the 10-year Treasury note Source: Ryan ALM 1.50 2.00 1.75 2.25 2.50 2.75% Jan. Dec. Nov. Oct. Feb. Sept. Friday 2.019% T-Bond Tumult BUMPY BONDS: Despite their sharp swings, bond yields remain low, which can be good news for stock investors. C1 Islamic State’s new haven ...... A5 Put BlackRock insights to work with iShares funds. See pages C4 and C5 for the latest iThinking. iS-13859-1214 Introducing iThinking. C M Y K Composite Composite MAGENTA CYAN BLACK P2JW048000-5-A00100-1--------XA CL,CN,CX,DL,DM,DX,EE,EU,FL,HO,KC,MW,NC,NE,NY,PH,PN,RM,SA,SC,SL,SW,TU,WB,WE 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 P2JW048000-5-A00100-1--------XA

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Page 1: AppleWindup Bret Stephens The BuzzFeedonline.wsj.com/public/resources/documents/pageone021715.pdfYELL OW reviewedbyThe Wall Street Journal. That involvementvio-lated conflict-of-interest

YELLOW

reviewed by The Wall StreetJournal. That involvement vio-lated conflict-of-interest policies,said Ceana Nezhat, the associa-tion’s president at the time, in aMay 7 email to its executive di-rector and medical director.

“Given the importance of COIsurrounding this topic,” hewrote, referring to conflicts ofinterest, “and the potential pressinvolvement in dissecting COIs ofour board members in relation tomorcellation, I am shocked theorganization would allow theirown policies to be ‘flexible.’ ”

In responses emailed throughTurn to DEVICE page A8

mains safe when performed byexperienced, high-volume sur-geons.”

Doctors read the reportclosely for guidance on use ofmorcellators, which cut up andremove tissue through small in-cisions. What they didn’t know:An AAGL executive officer whoreceived consulting fees from amorcellator maker had weighedin before publication.

The officer, New York surgeonArnold Advincula, joined theAAGL board’s final discussions ofthe report, raising concernsamong some in the group’s lead-ership, according to documents

Last May, as controversymounted over a surgical devicecalled the power morcellator, aprofessional association for sur-geons issued a report defendingthe tool.

A month earlier, the U.S. Foodand Drug Administration hadwarned the device risked spread-ing cancer in surgeries such ashysterectomies. But the May re-port, from the AAGL—formerlyknown as the American Associa-tion of Gynecologic Laparosco-pists—said morcellation “re-

DJIA Closed (18019.35) NASDAQ Closed (4893.84) NIKKEI 18004.77À0.5% STOXX600 376.55g0.1% 10-YR. TREAS. Closed (yield 2.019%) OIL Closed ($52.78) GOLD Closed ($1,226.50) EURO $1.1356 YEN 118.48

|

CONTENTSCorporate News.... B2,3Global Finance............ C3Heard on the Street C8Law Journal................. B7Markets Dashboard C6Media & Marketing. B7

Moving the Market C2Opinion..................... A9-11Sports.............................. D6Technology.............. B4-6U.S. News................. A2-4Weather Watch........ B8World News..... A5-8,12

s Copyright 2015 Dow Jones & Company.All Rights Reserved

>

What’sNews

Egyptian planes bombed Is-lamic State targets in Libya inretaliation for the beheading of21 Egyptian Christians, open-ing a new front in the conflictwith the extremists. A1, A5Talks between Athens andEuropean creditors over a fi-nancing deal collapsed, height-ening uncertainty over Greece’sfuture in the eurozone. A1 The Ukraine truce unrav-eled in a strategic town as anadvance by Russia-backed reb-els all but cut off thousands ofUkrainian soldiers. A6 Danish police arrested twomen accused of helping a gun-man behind two deadly terrorattacks in Copenhagen. A7Tens of thousands rallied inCopenhagen, with many vow-ing to defend free speech. A7 French police detainedfive teenage boys for ques-tioning over the desecrationof a Jewish cemetery. A7 Forces in Yemen loyal tothe ousted president seizedbuildings in the city of Aden,escalating a civil conflict. A8 Frigid air stretched fromMinnesota to Georgia. A win-ter storm brought snow andice to the mid-Atlantic. A3A train carrying crude de-railed and caught fire inWestVirginia, leaking oil into a riverand forcing evacuations. A3Washington became thefirst state to extend the sign-up deadline for health insur-ance until mid-April. A4Died: Leslie Gore, 68, singer-songwriter famed for teen hits.

A contract dispute at WestCoast ports is taking a toll

on business, as retailers missdeliveries and auto makers ex-perience parts shortages. A1U.S. financial regulators aredesigning rules to curbWallStreet pay packages that en-courage excessive risk, includ-ing “clawbacks” of bonuses. C1 The FAA proposed rules forcommercial drones that wouldreplace a current near-ban butset limits on operations. B1 The Cleveland Fed chiefjoined other central-bank offi-cials in signaling she may backa rate increase at midyear. A2Mining firms have vowednot to cut output despite tum-bling commodities prices, cit-ing a stronger dollar. C1GMwill be in court to main-tain a bankruptcy shield toblock customers’ claims linkedto a faulty ignition switch. B2Top GM executives have re-ceived restricted stock awardsunder a new incentive plan. B2Transocean’s CEO steppeddown, a casualty of the oil-priceplunge and the drilling com-pany’s ill-timed expansion. B3 Canada signaled it maymove to end a Canadian Pa-cific Railway strike that issnarling freight service. B3Chinese investors are focus-ing on small European finan-cial firms in a bid to diversifyand benefit from low prices. C1The CFTC is poised to intro-duce measures to ensure ano-nymity for traders in the $900trillion swapsmarkets. C3Tempur Sealy’s CEO facespressure from an activist inves-tor over the mattress maker’searnings and share price. B2

Business&Finance

World-Wide

NegotiationsOn GreekRescue DealBreak Down

Egyptian warplanes bombedIslamic State targets in Libya onMonday in retaliation for the be-heading of 21 Egyptian Chris-tians, opening a new front in thebroadening conflict with the

fast-expanding extremist group.Egyptian President Abdel Fat-

tah Al Sisi urged the U.S.-led co-alition fighting the extremistgroup in Iraq and Syria to followhis lead and take “necessarymeasures” to combat the organi-zation’s growing profile in Libya,the strife-torn nation on hiscountry’s western border.

In response to Egypt’s call, aU.S. defense official said onlythat the U.S. has a long-standingmilitary-to-military relationshipwith the Egyptians. “We lookforward to continuing that rela-

tionship,” the official said.Egypt’s early morning air-

strikes took place just hours af-ter Mr. Sisi, speaking on nationaltelevision late Sunday, saidEgypt would choose the “neces-sary means and timing to avengethe criminal killings,” for whichIslamic State claimed responsi-bility in a grisly video releasedon Sunday.

The Egyptian president’s re-quest for expanded coalition mil-itary efforts highlights one as-pect of the emerging debateover the new authority President

Barack Obama seeks from Con-gress to wage military actionagainst Islamic State.

Mr. Obama wants a three-year“authorization for the use ofmilitary force” that doesn’t im-pose a geographic limit on U.S.operations against Islamic State.Several prominent lawmakershave said the authorizationshould geographically restrictoperations to prevent a U.S.president from expanding Amer-ican involvement.

Egyptian Foreign MinisterSameh Shoukry announced he

would travel to Washington toparticipate in a three-day anti-terrorism summit Mr. Obamawill convene at the White Houseon Wednesday. Representativesof more than 60 countries areexpected to attend.

The apparent slaughter of theChristians, members of themostly Orthodox Coptic commu-nity in Egypt, marks IslamicState’s deadliest attack againstforeigners outside the territory

Turn to LIBYA page A5

BY TAMER EL-GHOBASHY IN CAIROAND MATT BRADLEY IN BEIRUT

Egypt Strikes Islamic State in LibyaMission to retaliate forbeheading of Christianshighlights militants’broadening reach

BRUSSELS—Negotiations overhow to keep Greece afloat brokedown abruptly Monday, demon-strating a wide gulf betweenAthens and its European credi-tors and triggering a new,heightened state of uncertaintyabout the country’s future insidethe currency bloc.

The collapse in talks amongeurozone finance ministersleaves Greece and its lendersracing to reach a new financingdeal for the indebted country be-fore its existing bailout plan ex-pires. The ministers called offthe negotiating session just afew hours after it began, sayingGreece left them little hope ofsecuring an agreement.

The ministers, in turn, pre-sented the new left-wing govern-ment in Athens with an ultima-

Turn to GREECE page A6

BY GABRIELE STEINHAUSERAND STEPHEN FIDLER

Thousands Gather in Denmark to Defend Free Speech

Michael

Probst/A

ssociatedPress

Claire Koch is proud of herhard-earned physique. So shewasn’t bothered when her jeanswent up a size or when a seamsplit on her pencil skirt.

But when the 27-year-old stu-dent weighed herselfafter a recent shower,she lost it.

“I wrapped myself ina towel, walked outsideand threw the scaleaway,” Ms. Koch said.

Ms. Koch is a disci-ple of CrossFit, a fast-growing fitness trendthat emphasizes quickspurts of heavy weight-lifting. And her exasperation is be-coming increasingly common asthe movement goes mainstream.

There are no ifs, ands or“butts” about it: CrossFit athletes,as all participants are called, arefinding that their bodies morph in

unusual—and sometimes inconve-nient—ways.

“I’ve gotten re-proportioned,”said Rachael Ashton, 24, a formercollege cheerleader turned Cross-Fit enthusiast in Houston. In atwist on the conventional pre-wedding diet, Ms. Ashton, a con-

struction project engi-neer, cut back on herworkouts last spring toslim down for her walkdown the aisle.

Crossfitters of bothgenders alternativelycomplain, and brag,about broad shouldersthat won’t fit into jack-ets or long-sleevedshirts. Some who live

in cold climates wear shorts year-round because they can’t find longpants that will contain their but-tocks.

A typical CrossFit hourlongsession mixes pull-ups, squats,

Turn to FITNESS page A8

BY ROB COPELAND

The Skinny on This Hot Workout:Fans Gain Seam-Busting Bulk

i i i

CrossFit devotees reject old body aesthetics,even if they can’t find pants to fit their buttocks

As employers at the portsalong the West Coast on Mondayrefused to unload ships for thesixth day out of the past 10,their nine-month contract dis-pute with port workers is be-coming a significant businessproblem.

Ocean carrier Maersk Line hascanceled some sailings, whileChina Ocean Shipping (Group)Co. said it will skip at least oneport. Truckers that normallyhaul an average of five contain-ers a day away from the Port ofOakland, Calif., are lucky to haulone. A West Coast customs bro-ker said that her customers arebeing assessed as much as $300a day for containers that sit toolong on the docks, though thecontainers are trapped there.

The delays are causing acutedistress to small-business own-ers with limited inventory tocover sales. Retailers, who hadbeen largely unscathed, are feel-ing the impact. Levi Strauss &Co. said it was concerned itwouldn’t receive some productsin time for spring deliveries.

The port delays also are caus-ing problems for auto makers.As of Monday, Honda Motor Co.was experiencing parts short-ages at plants in Ohio, Indianaand Canada that will affect itsproduction on multiple daysover the next week.

Negotiations between the Pa-cific Maritime Association,which represents port employ-ers, and the International Long-shore and Warehouse Unionhave come to a standstill in re-cent days. While major sticking

Turn to PORTS page A2

By Laura Stevens,Suzanne Kapnerand Leslie Josephs

Port WoesStartingTo DamageBusinesses

CANDLELIGHT VIGIL: Crowds gathered in Copenhagen on Monday near the scene of a deadly attack on a free-speech seminar. Thealleged gunman, identified by media as a 22-year-old street criminal drawn to Islamic radicalism, murdered two before police killed him. A7

Backups hurt retailersand take a heavy tollon small companies aslabor dispute drags on

* * * * * TUESDAY, FEBRUARY 17, 2015 ~ VOL. CCLXV NO. 38 WSJ.com HHHH $3 .00

Apple WindupThe Journal’s new Business & Tech. sectionexamines the company’s next gambit | B1

Bret Stephens

The BuzzFeedPresidencyOPINION | A9

BY JOSEPH WALKERAND JENNIFER LEVITZ

Doctor Group Split OverDisfavored Surgical Device

Yield on the 10-year Treasury note

Source: Ryan ALM

1.50

2.00

1.75

2.25

2.50

2.75%

Jan.Dec.Nov.Oct. Feb.Sept.

Friday2.019%

T-Bond Tumult

BUMPY BONDS: Despite theirsharp swings, bond yields remainlow, which can be good news forstock investors. C1

Islamic State’s new haven...... A5

Put BlackRock insights toworkwithiShares funds.

See pages C4 and C5 for the latest iThinking.

iS-13859-1214

Introducing iThinking.

CM Y K CompositeCompositeMAGENTA CYAN BLACK

P2JW048000-5-A00100-1--------XA CL,CN,CX,DL,DM,DX,EE,EU,FL,HO,KC,MW,NC,NE,NY,PH,PN,RM,SA,SC,SL,SW,TU,WB,WEBG,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

P2JW048000-5-A00100-1--------XA