WSJ US News
Abu Dhabi Fund Hires GM Economist
Abu Dhabi Investment Authority, the Middle East's largest sovereign wealth fund, hired Ted Chu as chief economist to help bolster its investment decisions.
Categories: Investment News
Rosneft Taps New CEO
The board of Rosneft nominated Eduard Khudainatov as the new head of the state-controlled oil major, less than a day after Russian President Dmitry Medvedev's ordered his appointment.
Categories: Investment News
Berggruen Looks to Revive Karstadt
For billionaire investor Nicolas Berggruen, signing a deal to acquire insolvent German retailer Karstadt was only half the battle.
Categories: Investment News
BIS Questions Growth Tradeoff
The Bank for International Settlements said sustained debt reduction need not be a cause of weaker growth in the aftermath of a crisis, as long as policy makers fix the problems that caused the turmoil in the first place.
Categories: Investment News
Samsung Flags Expansion
South Korea's Samsung Electronics is considering investing a record $25.55 billion next year to bolster its existing operations and expand into new business segments.
Categories: Investment News
Texas Probing Google's Searches
Google said the Texas attorney general's office is conducting an antitrust review of the Web giant's core search-engine business, another sign of growing government scrutiny of the company.
Categories: Investment News
As Gold Climbs, So Do the Deals
Gold prices are edging up toward a high, at $1,249.20 an ounce, triggering multibillion-dollar deals by miners doubling down on the staying power of bullion's nearly decadelong rally.
Categories: Investment News
New Zealand Assesses Quake Damage
New Zealand could spend at least $1.4 billion on repairs following Saturday's 7.1-magnitude earthquake, which damaged more than 500 buildings and houses in the city of Christchurch and set off aftershocks that continued to shake the region.
Categories: Investment News
KT Sets iPhone Date
South Korea's KT Corp. will start selling Apple's iPhone 4 in the country on Sept. 10.
Categories: Investment News
UPS Plane Had Smoke in Cockpit
Investigators said a UPS cargo plane that crashed in Dubai shortly after takeoff Friday had smoke in the cockpit and was struggling to maintain altitude.
Categories: Investment News
Craigslist Adult Ads: "Censored"
The Adult Services section of Craigslist has been removed and replaced with the word "censored" since Friday night.
Categories: Investment News
Wall Street's New Power Broker
A former numbers-cruncher at Ford Motor is now one of the most powerful people on Wall Street, whose opinion can sway fortunes and scuttle empires.
Categories: Investment News
BP Evidence Raised From Gulf
Investigators looking into what led to the BP oil spill in the Gulf of Mexica are a step closer to answers now that the well's blowout preventer has been retrieved.
Categories: Investment News
Griffith Investors Seek Return of Cash
UBS and other investors go to court to try to force U.K. fund manager Reade Griffith to speed up the return of their money.
Categories: Investment News
UPS Identifies Crew Killed in Crash
Crew members from Kentucky and Florida were identified Saturday as the two people killed when a UPS cargo plane crashed shortly after takeoff outside Dubai.
Categories: Investment News
Withdrawals Continue at Kabul Bank
Afghans continued pulling money from Kabul Bank—their country's largest bank—Saturday, despite assurances from top officials that the lender was financially secure.
Categories: Investment News
Obama to Link Tax Cuts, Hiring
The Obama administration is moving toward using the revenue from expiring tax cuts for the wealthy to finance about $35 billion of tax cuts for small businesses and workers.
Categories: Investment News
BP Moves Forward With Plans for Oil Well
BP has placed a new blowout preventer at the top of the well that unleashed the Deepwater Horizon oil spill, and it is moving forward with a procedure to bring about its final demise.
Categories: Investment News
Why God Did Not Create the Universe
There is a sound scientific explanation for the making of our world—no gods required. An excerpt from the new book by Stephen Hawking and Leonard Mlodinow.
Categories: Investment News
Tony Blair Takes on the World
In an excerpt from his memoirs, Blair argues the West has become too imbued with doubt and lacking in mission.
Categories: Investment News
