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DJIA 17068.71 À 54.84 0.3% NASDAQ 4586.52 À 0.8% NIKKEI 15788.78 À 0.3% STOXX600 344.70 g 0.05% 10-YR. TREAS. g 10/32 , yield 2.535% OIL $91.67 g $1.08 GOLD $1,243.50 g $3.30 EURO $1.2917 YEN 106.85

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Rush Hour at the AirportPLUS Coming to Your Closet: Gingham, Yellow and Stripes

CONTENTSBusiness Tech..............B4Corp. News............B2-3,6Global Finance.............C3Heard on Street.......C10In the Markets.............C4Leisure & Arts.............D4

Market Data.............C5-8Opinion.....................A11-13Sports................................D5Style & Travel..........D1-3U.S. News...................A2-5Weather Watch..........B8World News.......A8-9,14

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What’sNews

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World-Widen Obama authorized thestart of U.S. airstrikes inSyria and expanded a month-long bombing campaign inIraq to “degrade and ulti-mately destroy” the militantgroup Islamic State.A1, A6-7n A cornerstone of the wid-ened strategy against IslamicState will be reliance on U.S.-trained local forces to con-front the group head on. A6n Kerry went to Baghdad torally support from the newgovernment to confront theIslamist insurgency. A6n Ukraine’s president saidRussia had withdrawn most ofits troops from eastern Ukraine,bolstering hopes that thepeace deal would stick. A8nThe U.S. is close to imposingthe toughest round of energysanctions so far on Russia. A8nThe Palestinian governmentis working on a donor confer-ence for Gaza reconstructionbut Hamas is hurting the push,the prime minister said. A7n Israel’s military openedfive criminal probes over itsconflict with Hamas in Gaza.A7n Cameron made a latepush in Scotland for a unitedBritain, urging voters not tochoose independence. A9n The cost of employer healthcoverage in the U.S. continuedits muted growth this year,rising 3%, a survey found. B2n The NFL is appointing FBIex-chief Mueller to probe theleague’s handling of evidencein the Ray Rice incident. D5nA judge temporarily haltedDetroit’s bankruptcy trial afterthe city and a bond insurerreached a tentative deal. A3

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Investigators have uncov-ered a flurry of communica-

tions between a Washingtonresearch firm and several hedgefunds, opening a new front inan insider-trading probe in-volving a change in govern-ment health-care policy. A1n Banco Santander namedAna Patricia Botín as chair-man, succeeding her father,Emilio Botín, after his deathfrom a heart attack. C1, C2n Apple’s new service formobile payments relies on atechnology that has hadtrouble winning acceptancefrom merchants. B1, B4nMicrosoft’s talks to buyMojang set up a clash of cul-tures between the tech giantand “Minecraft” fans. B1, B4n Sony reached a deal for itsplannedWeb-based TV serviceto carry MTV, Nickelodeon and20 other Viacom channels. B1n Currency markets havere-energized as investors rushto take advantage of centralbanks’ diverging paths. C1n U.S. stocks moved higher,rebounding from two days oflosses. The Dow added 54.84points to close at 17068.71. C4nThe SEC unveiled a raft ofcases against company insidersfor allegedly breaking rules ondisclosingholdingsand trades.C1n Ferrari’s chairman is step-ping down after rifts withFiat came to light. Fiat CEOMarchionne will take over. B8n JDS plans to split into twofirms, separating its opticalcomponents business fromits networking operations. B3

Business&Finance

President Barack Obama’sspeech to the nation Wednes-day night laying out a strategyfor dealing with the threatfrom Islamic State extremistsclosed the book on one presi-dential gamble—but openedthe door to a fresh one that’sonly beginning.

The first gamble Mr. Obamatook unfolded over the pastthree months, starting on the

day in early Junewhen Islamic Statefighters captured

the strategic Iraqi city of Mo-sul. With that victory, IslamicState established itself as a le-gitimate threat to an Iraqi gov-ernment that the U.S. hasspent hundreds of billions ofdollars propping up.

Yet rather than move quicklywith a big American response,Mr. Obama instead decided todelay, using the specter of theIslamic State threat to generatepressure on Iraqis to first ditchPrime Minister Nouri al-Maliki.The White House had concludedthat Mr. Maliki had become adivisive Shiite sectarian leaderwho stood in the way of over-seeing a unified Iraqi govern-ment and military capable ofworking with the U.S. to reallyturn back Islamic State fighters.

A change in Iraq’s govern-ment, in short, became theprice for a full dose of Ameri-can military help. That changein Baghdad finally came thisweek, when Mr. Maliki officiallydeparted and a new prime min-ister and government moved in.That has raised American hopesthat Shiites, Sunnis and Kurdsmight become more united inworking with the U.S. to beginreclaiming ground that IslamicState forces have seized, and it

PleaseturntopageA6

BY GERALD F. SEIB

PresidentGamblesDelayWasWorth It

WASHINGTON—President Ba-rack Obama authorized the startof U.S. airstrikes in Syria and ex-panded a monthlong bombingcampaign in Iraq to “degrade andultimately destroy” Islamic mili-tants who recently beheaded twoAmericans.

The decisions, outlinedWednes-day in a prime-time address to the

nation on the eve of the 13th anni-versary of the Sept. 11 terror at-tacks, considerably deepen U.S.military involvement in theMiddleEast. They also mark an acknowl-edgment byMr. Obama that the in-tensity of the threat from themili-tant group Islamic State requiresthe type of long-term, open-endedconflict he has resisted since takingoffice—and which he campaignedfor the White House saying hewould avoid.

In asking Americans to sup-port another military incursion inthe Middle East, Mr. Obama saidhis strategy to combat IslamicState, also called ISIS and ISIL,would be bolstered by a coalitionof Arab and European nations.His plan builds on his authoriza-tion in August of airstrikes in Iraqto protect American personnelthreatened by Islamic State andto provide humanitarian assis-tance to besieged Iraqis.

Mr. Obama said the U.S. goalnow is to help Iraqis reclaimlarge swaths of territory thegroup has rapidly overtaken inrecent months since spillingover from its stronghold inneighboring Syria. His speechpaves the way for the first U.S.strikes at the group’s bases andhavens in Syria.

“America will lead a broad co-alition to roll back this terroristthreat,” Mr. Obama said. “I will

not hesitate to take action againstISIL in Syria, as well as Iraq. Thisis a core principle of my presi-dency: If you threaten America,you will find no safe haven.”

The president gave no timeta-ble for the new, U.S.-led fight

PleaseturntopageA7

BY CAROL E. LEEAND JULIAN E. BARNES

Obama Vows to ‘Destroy’ MilitantsU.S. to Expand Airstrikes Into Syria, Arm Rebels and Build Coalition in Quest to Roll Back Islamic State

CAPE PRESTON, Australia—A $10 billion iron-oremine that has taken more than eight years to developnear this remote Australian port is a glaring exampleof how much has gone wrong with China’s decade-long push to buy up raw materials around the world.

Citic Pacific’s Sino Iron mine cost roughly fourtimes its initial budget, and analysts who track theproject say it likely will lose hundreds of millions ofdollars in 2014, its first full year of production. CiticPacific, a Hong Kong-listed subsidiary of Chinesestate-owned behemoth Citic Group, and its contrac-tors made a series of blunders, from thinking theycould import workers at Chinese pay levels to abotched bet on currencies that forced the company

to seek a $1.5 billion bailout from its parent.And while Sino Iron is at last shipping ore, it re-

mains locked in a legal battle with its local partner,Clive Palmer, a property mogul turned politician whohas accused Citic Pacific of taking Australian re-sources without fully paying for them.

“It was a painful learning process,” said Zhang Ji-jing, who spent 16 years running Citic Group’s Aus-tralian business before being appointed in late 2009president and executive director of subsidiary CiticPacific, which recently changed its name to Citic Ltd.“Today I look back and I did not realize it would beso difficult.”

Over the past decade, China rushed to buy upglobal commodities as its economy boomed—both

PleaseturntopageA10

BY WAYNE ARNOLD

‘PAINFUL LEARNING PROCESS’

China’s Global Mining PlayIs Failing to Pan Out

Remembering 9/11, as the World’s Focus Turns to a New Threat

MarkLenn

ihan/A

ssociatedPress

CUYAHOGA FALLS, Ohio—Atthe recent Battle at Stonehedgepinball tournament here, JessieCarduner cursed her ninth-placefinish and vowed to get profes-sional help.

“I’m thinkingabout getting ahypnotist,” said the51-year-old linguis-tics professor atKent State Univer-sity. Ms. Carduner,who is 4 feet 10inches tall andwears high heels soshe can get a betterview of the game,says she practicesup to 30 hours aweek but gets jit-tery at competitions.

She is one of a growing legionof fans powering a pinball re-naissance. They are drawn by

snazzier machines, trickiergames and a new ranking systemthat compares players from allover the world. Leagues andtournaments like the one inwhich Ms. Carduner competedare mushrooming.

The Interna-tional Flipper Pin-ball Association inNew York nowcounts 27,000ranked players, upfrom 500 eightyears ago, and1,600 tournamentsa year, up from 50.Though half theplayers are fromthe U.S., aficiona-dos span the globe,from Norway toNew Zealand.

Pinball, which grew out of an18th-century French variation ofbilliards known as bagatelle, had

PleaseturntopageA10

BY JOHN W. MILLER

Replay: New Wizardry KeepsPinball Rolling in the Internet Age

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Souped-Up Machines, Global RankingsPower a Renaissance; Watch Out for Wax

Simpsons pinball machine

TRIBUTE IN LIGHT: Near the National September 11 Memorial in Manhattan, beams of light recall the Twin Towers felled by terrorists 13 years ago.

A Succession inSpanish Banking

DYNASTY: After her father’s death,Ana Patricia Botín took over BancoSantander, becoming the first womanto helm a major European bank. C1

Bloomberg

New

s

WASHINGTON—Federal in-vestigators have uncovered aflurry of communications be-tween a Washington researchfirm and several hedge funds,opening a new front in an in-sider-trading probe focused onthe firm’s 2013 investor alertabout a change in governmenthealth-care policy.

The Wall Street Journal haspreviously reported that the Se-curities and Exchange Commis-sion is investigating whetheranyone in the government ille-gally leaked word of the an-nouncement to Height Securi-ties. Now, the agency is lookingat whether hedge funds violatedsecurities rules by trading onthe resulting alert to Height Se-

Pleaseturntothenextpage

By BrodyMullins,Susan Pulliam

and Juliet Chung

Hedge FundsScrutinized inWashingtonInsider Probe

ANALYSIS

Vote on spending bill is delayedover Syria funds request......... A4

Kerry meets with leader of newgovernment in Iraq...................... A6

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