WSJ.com: What's News US
-
AIG's Rescue Bedevils U.S.
Some federal officials are pressing the U.S. pay czar to ease up on AIG compensation curbs for 2010, arguing that the firm and taxpayers would suffer if they are too severe.
Heir to Gucci Empire Reveals Plan
François-Henri Pinault, PPR's chief executive, is stripping the company of its once-core French retail business in order to focus entirely on global consumer and luxury brands.
H-P Profit Rises on Cost Cutting
Hewlett-Packard's quarterly profit rose 14% as cost cutting boosted profit margins in its services business and offset lower sales in its computer and printer divisions.
Icahn Places Starting Bid for Fontainebleau
Carl Icahn outbid Penn National Gaming to place a starting bid of $155 million for the Fontainebleau, the stalled Las Vegas hotel-and-casino project whose construction is expected to cost nearly $3.5 billion.
Nikkei Down on Economy Jitters
Asian stock markets were mixed Tuesday with concerns about the economic outlook taking the Nikkei down 0.5% after a market holiday Monday.
Fitch Cuts Mexico's Rating
Fitch Ratings lowered its rating on Mexico's debt, in another blow for a country pummeled by falling oil production, a recession and drug violence.
Playboy Strips Away Expenses
Playboy magazine reached a deal to outsource most of its business tasks to American Media Inc., publisher of Star and Men's Fitness, in order to conserve dwindling cash.
OECD Exits Recession Amid Warnings
The world's developed economies emerged from recession in the third quarter, but IMF chief Dominique Strauss-Kahn said further stimulus is needed before governments can let down their guard.
Banks Scramble as Debt Comes Due
Banks that have spent the past year dealing with a mountain of bad assets now face the prospect of refinancing, at sharply higher costs, trillions of dollars of debt maturing over the next few years.
MAN's Chief Executive Resigns
MAN SE's chief executive, Hakan Samuelsson, unexpectedly resigned his post at the European truck maker, effective immediately.
Lehman to Try to Thaw $11 Billion in Assets in U.K.
Lehman's bankruptcy estate in the U.K. is set to launch a proposal to hedge-fund creditors aimed at unfreezing about $11 billion in assets.
Existing-Home Sales Jump 10.1%
Home resales jumped 10.1% in October, rising far more than expected as a fat tax credit offset fears about joblessness.
China Banks Warned on Capital
China's banking regulator told banks to comply with capital requirements or face sanctions, the latest signal that Beijing is worried about risks in the financial system.
Campbell Soup Net Rises 17%
Campbell Soup's earnings rose 17% as margins improved. The company raised its forecast and said soup sales began rising as the quarter closed.
Peet's Coffee Raises Offer for Diedrich
Peet's and Green Mountain Coffee are in a bidding war for Diedrich Coffee, highlighting the sudden popularity of single-serve coffee pods.
Lloyds Raises $14 Billion
Lloyds said it had raised $14 billion in new debt, a major step in a recapitalization aimed at freeing the U.K. bank from government support.
J.P. Morgan Appoints China Chief
J.P. Morgan said it has appointed Linklaters LLP's Asia managing partner Zili Shao as its new China chairman and chief executive.
President Finds Golf Is No Slam Dunk
A mystery surrounds the presidency: Why has Barack Obama forsaken basketball for the links?
Heir to Gucci Empire Reveals Plan
François-Henri Pinault, PPR's chief executive, is stripping the company of its once-core French retail business in order to focus entirely on global consumer and luxury brands.
