WSJ.com: What's News US

Bear Prosecutors Focus on Email

Thu, 19 Jun 2008 00:06:00 EDT

Indictments of two former Bear Stearns fund managers are expected to cite a personal email suggesting the funds were in trouble.

Paulson Pushes Oversight Changes

Wed, 18 Jun 2008 23:53:00 EDT

Treasury Secretary Paulson is expected to call for faster changes to the oversight of financial markets that would expand the role of the Fed.

Midwest Floods Dredge Up Dispute

Thu, 19 Jun 2008 03:22:00 EDT

As residents of the Midwest brace for more flooding, a debate is intensifying as to whether development along the Mississippi helped cause the deluge. Officials predicted as many as 30 levees could overflow.

Banks Find New Ways to Ease Pain

Thu, 19 Jun 2008 02:27:00 EDT

Banks are revising internal accounting policies to mask their troubles. The maneuvers are legal but could deepen suspicion about the sector.

Lifting Drilling Ban No Short-Term Fix

Wed, 18 Jun 2008 22:38:00 EDT

Politicians are debating whether to open federal offshore waters to oil and natural-gas drilling. However, they agree on at least one point: It isn't a short-term fix.

Oil-Output Talks See World Stage

Wed, 18 Jun 2008 23:13:00 EDT

Dozens of world leaders and executives will meet in Saudi Arabia Sunday to weigh how to reverse oil prices, which have shot up over 40% this year. The size of the cast highlights just how tough finding a remedy is likely to be.

TV Media, Beijing at Odds Over Access

Thu, 19 Jun 2008 00:32:00 EDT

TV companies around the world are in a stalemate with Beijing over the ability to broadcast live from non-Olympic venues during the Summer Games.

GAO Sides With Boeing in Dispute

Thu, 19 Jun 2008 02:34:00 EDT

Boeing received a surprise boost in its protest after losing out on a $40 billion tanker contract, as the GAO said the Air Force botched the bidding and should reopen it. The decision, while not binding, gives Boeing the chance to recapture its lock on the tanker business. (GAO statement)

Truce Begins in Gaza

Thu, 19 Jun 2008 03:02:00 EDT

Guns went quiet as a six-month truce between Israel and Gaza Strip militants took effect, marred only by widespread skepticism about its ability to hold.

H-P to Reorganize Printer Unit

Thu, 19 Jun 2008 01:45:00 EDT

Hewlett-Packard said it is reorganizing its highly profitable printer unit in the face of declining growth for the business.

Still 'Brutal' at Morgan Stanley

Thu, 19 Jun 2008 00:06:00 EDT

Morgan Stanley's second-quarter profits fell 60% from a year ago even after it raised more than a billion dollars from a pair of asset sales. The report revealed missteps that could raise questions about the firm's risk management.

GM Delays New Truck, SUV Programs

Wed, 18 Jun 2008 23:31:00 EDT

GM is delaying its effort to redesign full-size trucks and SUVs under a complete review of its product and brand portfolio, as a dramatic shift in demand threatens to puncture the company's profits.

MGM Plans Hotel in China

Wed, 18 Jun 2008 20:38:00 EDT

MGM Mirage reached a deal to develop and operate a gambling-free luxury-hotel complex in Tianjin, China, part of the company's strategy to build its stable of MGM Mirage brands.

Korea, Israel May Get MSCI Change

Thu, 19 Jun 2008 02:37:00 EDT

South Korea and Israel are in line to graduate into the category of developed markets as part of a broader shake-up in how MSCI classifies world markets.

Apollo Sues to Quit Buyout Deal

Wed, 18 Jun 2008 20:44:00 EDT

Apollo and Hexion filed a suit against Huntsman, saying the buyout deal agreed to last year would render the combined company insolvent.

British Airways Starts a New Carrier

Wed, 18 Jun 2008 23:10:00 EDT

British Airways is launching a new airline linking New York to continental Europe, capitalizing on the deregulation of trans-Atlantic air travel.

Thornburg Says Survival in Doubt

Wed, 18 Jun 2008 20:52:00 EDT

Thornburg Mortgage said its future remains in doubt, despite funding that helped the mortgage lender avert bankruptcy.

Melanoma Study Offers Cautious Hope

Wed, 18 Jun 2008 21:52:00 EDT

Doctors cured a late-stage melanoma patient after injecting him with his own, specially bred white blood cells.