WSJ.com: What's News US
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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.
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.
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.
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.
Dow Breaks Losing Streak
The Dow industrials gained 133 points to a 13-month high after rate-related comments from a Fed official and strong housing data.
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.
Reliance Makes Chemical Bid
Reliance Industries made a nonbinding cash offer of around $12 billion to take a controlling interest in LyondellBasell when the chemical maker exits bankruptcy.
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
The U.K. bank said it had raised the maximum $14 billion of contingent core Tier 1 and core Tier 1 capital through its non-U.S. bond exchange offer, and said the U.S. exchange offer is already heavily over-subscribed.
Gulf Air Launches New Strategy
Bahrain's national carrier hopes to save almost $3 billion over five years as the struggling airline restructures to compete in the Gulf region's increasingly cutthroat aviation market.
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.
Militants Thrive a Year After Mumbai
The Islamist militant group behind the 2008 Mumbai attack remains a force determined to strike India and the West, and a source of acrimony between Pakistan and India.
For Jobs, Bring R ésum é, Bowling Shoes
The Unemployment League, a weekly job fair held at a Michigan bowling alley, is a bid to lift the prospects of residents in a state leveled by the downturn.
