WSJ US News
ABC News President to Depart
ABC News President David Westin said that he would step down at the end of the year after more than 13 years on the job.
Categories: Investment News
Bankruptcy Court Is Traders' Battleground
Traders in the beaten-down bonds and loans of troubled companies have turned bankruptcy court, which was created as a place for ailing firms to heal, into a venue for large investors to apply their sophisticated techniques in quest of profits.
Categories: Investment News
Airgas Bid Raised By Suitor
Air Products & Chemicals raised its cash offer for smaller rival Airgas to $65.50 a share, or $5.48 billion, in its hostile takeover bid.
Categories: Investment News
Medical Journal Urges U.K. to Pull Avandia
The British Medical Journal said diabetes drug Avandia should be withdrawn from sale. But GlaxoSmithKline said it has extensive documentation of the drug's benefits.
Categories: Investment News
Where's the Appetite for Risk?
From stocks to bonds to commodities, the question is when investors will want to take on more risk. Was last week's run-up, the Dow Industrials' best pre-Labor Day week in two decades, the start of a fall rally or just another surge to be followed by an equivalent decline?
Categories: Investment News
Deals Offer Dell Multiple Paths to Goal
After losing out to H-P last week in its bid to acquire storage maker 3PAR, Dell has other options as it looks to expand beyond its core personal-computer business.
Categories: Investment News
Global Hiring Imbalance
Companies in developing nations plan to sharply increase hiring in the fourth quarter, but in the U.S. and across Europe intentions are muted, according to a Manpower survey.
Categories: Investment News
Challenges Cloud German Reactor Plan
Germany's government and energy utilities ended months of wrangling and agreed to extend the life of the country's nuclear-power plants, but popular resistance and possible legal challenges cloud the fate of the deal.
Categories: Investment News
Hyundai Bidding War Looms
The sale of Hyundai Engineering will pit two former sister companies against each other. A deal could fetch $3 billion for the construction firm's creditors.
Categories: Investment News
EU Seeks Consensus on Bank Levy
Ways to protect taxpayers from bearing the cost of any future banking crisis will top the agenda at a meeting Tuesday of European Union finance ministers.
Categories: Investment News
Larger Bounties Spur Surge in Fraud Tips
New awards for informants who help the SEC uncover fraud are already prompting a surge in tips.
Categories: Investment News
Euro, Sterling Weaken
The euro gave up early gains as optimism over last week's better-than-expected U.S. nonfarm payrolls faded and investors eyed a packed calendar of central-bank meetings.
Categories: Investment News
Obama Unveils Infrastructure Plan
Obama unveiled a new $50 billion proposal to improve the nation's highways, airports and railways – the latest attempt by the administration to jump-start the sputtering economy.
Categories: Investment News
'The American' Tops Box Office
George Clooney's "The American" shot past rivals at the box office over the Labor Day holiday weekend.
Categories: Investment News
Afghans Move to Bail Out Kabul Bank
Afghanistan's government inched closer to bailing out the country's largest bank, setting aside hundreds of millions of dollars that could be used to keep Kabul Bank solvent, officials said.
Categories: Investment News
European Markets Rise in Light Trade
European stocks closed higher. The Stoxx Europe 600 posted its fourth gain in five sessions as RWE and E.ON each gained 1.8%.
Categories: Investment News
U.K. Medical Journal Questions Avandia License
The British Medical Journal said GlaxoSmithKline's diabetes drug should never have been licensed and should be withdrawn from sale, a claim the company rejected.
Categories: Investment News
U.S. Plans to Deploy Broader Mortgage Aid
The Obama administration on Tuesday will launch its most ambitious effort at reducing mortgage balances for homeowners that owe more than their homes are worth.
Categories: Investment News
German Banks Warn of Basel III Costs
Germany's 10 largest banks may need as much as $135.4 billion in extra capital under new international regulatory standards, the Federal Association of German Banks said.
Categories: Investment News
Petraeus Slams Plan to Burn Qurans
Gen. Petraeus, the top U.S. commander in Afghanistan, said the planned burning of Qurans on Sept. 11 by a Florida church could put the lives of American troops in danger and damage the war effort.
Categories: Investment News
