WSJ.com: What's News US

CIT Group Scrambles to Survive

Mon, 13 Jul 2009 06:18:04 EDT

CIT executives scrambled to pull together a survival strategy, worried that the lender's customers may rush to withdraw funds or draw down credit lines.

UBS, U.S. Talk on Tax Case

Mon, 13 Jul 2009 06:20:52 EDT

UBS is in talks with the U.S. government to settle a tax-evasion case that could require the bank to release some, but not all, the names of account holders.

Jobless Recovery Would Call for Nuanced Investing

Mon, 13 Jul 2009 06:37:54 EDT

Companies that sell basic products or services could remain attractive investments as the economy heads into what many see as a jobless recovery.

Berkshire Tones Down Risky Business

Mon, 13 Jul 2009 04:30:07 EDT

Berkshire Hathaway is doing less catastrophic reinsurance business, a sign of risk aversion amid cash limits.

Trade Group Challenges Wal-Mart on Health Care

Mon, 13 Jul 2009 02:29:47 EDT

The retail industry's biggest trade group is launching a broad attack against Wal-Mart for supporting congressional proposals requiring employers to help pay for health insurance.

China Risks Hurting Foreign Deals

Mon, 13 Jul 2009 02:27:44 EDT

Australian officials said China's handling of espionage charges against employees of Rio Tinto could fuel concern among foreign businesses.

Kirin, Suntory Discuss Merger

Mon, 13 Jul 2009 04:01:58 EDT

Japan's Kirin Holdings and Suntory Holdings are in merger talks in a move that could create a formidable competitor to the world's leading brewer, Anhesuer-Busch Inbev.

Lennar Confirms Bad Drywall in Homes

Mon, 13 Jul 2009 04:47:05 EDT

Lennar has identified 400 homes in Florida that have confirmed problems with defective Chinese drywall.

U.S. Airlines Fly Into Credit Squeeze

Mon, 13 Jul 2009 04:47:05 EDT

The recession, plunging travel demand and a tough lending environment are battering airlines, raising the prospect of a squeeze that could lead to bankruptcy filings by winter.

Climate Bill Splits Industry Coalition

Mon, 13 Jul 2009 05:37:21 EDT

As Congress writes legislation to fight climate change, a prominent coalition in the debate is divided over the fine print.

Beijing Auto Plots Path for Opel

Mon, 13 Jul 2009 04:47:05 EDT

Beijing Auto would build GM's Opel into a strong presence in China that could compete globally, an executive said.

Libya to Move on Oil Deal

Mon, 13 Jul 2009 04:47:05 EDT

Libya is close to deciding whether to allow the sale of a small Canadian oil exploration firm with operations in the country, resolving a drawn-out sage.

Two Slain at Freeport Indonesian Mine

Mon, 13 Jul 2009 06:34:29 EDT

Two Freeport-McMoran employees were killed near the Grasberg mine in Indonesia's remote Papua province, attacks that authorities blamed on separatists.

'Brüno' Starts Strong, Loses Steam

Mon, 13 Jul 2009 04:47:05 EDT

'Brüno' took in slightly more than $30.4 million this weekend as a strong debut night quickly lost momentum.

Toyota-GM Nummi Plant at Risk

Mon, 13 Jul 2009 04:47:05 EDT

Toyota said it is considering closing a vehicle-assembly plant in California that it jointly operates with GM after the U.S. auto maker decided to pull out.

McDonald's to Move European Office

Mon, 13 Jul 2009 04:30:07 EDT

McDonald's will become the latest in a lengthening line of companies to move their European headquarters from London to Geneva.

Resolution to Launch Friends Provident Bid

Sun, 12 Jul 2009 23:13:58 EDT

Restructuring firm Resolution is expected to announce an all-share offer to buy Friends Provident in a move that signals the start of Resolution's aggressive effort to buy three to four life insurers over the next 18 months.

U.K.'s Venture Rejects Centrica Offer

Mon, 13 Jul 2009 05:47:23 EDT

U.K. utility Centrica launched a bid to buy the 71% stake it doesn't already own in gas producer Venture, which rejected the offer as "opportunistic."

Michigan's Slump Spreads to Health Care

Mon, 13 Jul 2009 05:47:56 EDT

The sputtering Michigan economy is dragging down the state's health-care system, offering a preview of how a lingering recession could corrode Americans' hospitals, savings and health.

CIA Had Secret Al Qaeda Plan

Mon, 13 Jul 2009 02:20:41 EDT

A secret CIA program, which was terminated by Panetta last month, was an attempt to carry out a 2001 presidential finding to capture or kill terrorists. Lawmakers condemned the Bush administration's failure to inform Congress.