8/26 WSJ.com: What's News US

Tuesday, August 25, 2009

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Sarkozy, Banks Set New Limits on Bonuses
August 25, 2009 at 9:45 pm

French banks agreed to limits on their traders' pay and bonuses, which will be policed by a new "pay czar" appointed by Sarkozy.

Fight Brews as Proxy-Access Nears
August 25, 2009 at 9:44 pm

Companies are racing to derail or, more likely, weaken the SEC's "proxy access" rule that could upend board votes and add to business costs.

Joys and Pains of a Smart-Phone Switch
August 25, 2009 at 9:38 pm

The Mossberg Solution charts likes and dislikes of smart phone users who have switched from BlackBerrys to iPhones.

REITs Are Poised to Pick Up the Pieces
August 25, 2009 at 9:37 pm

While overleveraged private real-estate funds are gasping for money, public property companies are now poised to become more-dominant players.

FAA Opens Southwest Airlines Parts Probe
August 25, 2009 at 9:37 pm

Regulators have launched an investigation into how unauthorized parts were installed on at least 42 Southwest Airlines jets, and why the carrier's maintenance control procedures failed to flag the problem.

In Texas, No Relief on Electric Bills
August 25, 2009 at 9:23 pm

Record-breaking heat in parts of Texas is causing electricity bills to soar, just when most consumers were expecting some relief from sinking natural-gas prices.

CFTC Seeks to Expand Its Policing
August 25, 2009 at 8:26 pm

The CFTC is seeking a bigger budget to cover ambitious plans to expand its policing of commodities markets.

Iran Judiciary Targets Opposition
August 25, 2009 at 5:23 pm

One of Iran's most prominent pro-reform figures admitted fomenting unrest and asked for forgiveness, the latest confession in the mass trial of opposition activists.

States Seek Slice of Rail Funding
August 25, 2009 at 5:20 pm

States applied for billions of dollars for rail projects, marking the start of a stimulus program designed to kick-start high-speed rail.

Postal Service to Offer Buyouts
August 25, 2009 at 5:10 pm

The U.S. Postal Service will offer buyouts to as many as 30,000 employees under agreements with two unions that could save the agency up to $500 million next year.

Citadel Fund to Take New Name
August 25, 2009 at 5:03 pm

Citadel plans to drop the name Citadel Solutions, and replace it with Omnium.

SEC Ordered to Explain BofA Case
August 25, 2009 at 4:51 pm

A federal judge ordered the SEC to explain why it didn't pursue allegations that Bank of America executives lied in a proxy statement about bonuses for Merrill Lynch employees.

Sony to Sell Wireless E-Book Reader
August 25, 2009 at 4:16 pm

Sony unveiled an e-book reader with a touch screen and wireless connection that could be the strongest competitor yet to Amazon's Kindle this holiday season.

Big Brewers Plan Price Increases
August 25, 2009 at 4:15 pm

Anheuser-Busch InBev and MillerCoors said they plan to raise beer prices by undisclosed amounts this fall in a sign of the industry's resilience.

Citi's Mortgage Mitigation Rises 29%
August 25, 2009 at 3:46 pm

Citigroup reported a 29% increase in the number of mortgages it mitigated to prevent foreclosure in the second quarter from the first period.

Hedge Funds' Bets on Financials Rise
August 25, 2009 at 3:10 pm

Hedge funds boosted their ownership in financial stocks by 55% in the second quarter to $70 billion, according to a Goldman report.

Fed Told to Disclose Borrowers
August 25, 2009 at 2:58 pm

A federal court judge has ordered the Fed to identify borrowers using its emergency lending programs, in response to a lawsuit filed by Bloomberg News.

Nemazee CEO Charged With Fraud
August 25, 2009 at 1:11 pm

Nemazee Capital's chief executive was charged for allegedly scheming to borrow up to $74 million from Citigroup.

Upbeat Data Buoy Stocks
August 25, 2009 at 12:50 pm

Stocks pushed higher, helped by upbeat economic news and Bernanke's nomination for a second term but held in check by a selloff in crude.

Burger King Profit Rises 16%
August 25, 2009 at 12:50 pm

Burger King's earnings rose on income from the company's refranchising efforts, but sales declined at the fast-food giant.

White House Sees Deeper Deficit
August 25, 2009 at 12:46 pm

The Obama administration raised the estimate for the 10-year deficit to $9 trillion -- $2 trillion more than forecast. The White House foresees unemployment hitting 10% over the next year and a half.

Home Prices Post Quarterly Rise
August 25, 2009 at 12:37 pm

U.S. home prices rose 2.9% in the second quarter, the first increase in three years while logging a second-straight monthly rise in June, the S&P Case-Shiller index showed.

GM Meets With Opel Task Force
August 25, 2009 at 11:55 am

General Motors met with the German government's Opel task force as the auto maker wavers over plans to sell a majority stake in the European unit.

Digg Dialogg With Timothy Geithner
August 25, 2009 at 8:54 am

Treasury Secretary Geithner answers Digg readers' questions on government spending, oversight of the Federal Reserve and dealings with Goldman Sachs. Share your view.

Obama to Name Bernanke to 2nd Term
August 25, 2009 at 8:29 am

Obama is expected to announce the nomination of Bernanke to a second term as Fed chairman. The move is a bid for continuity after a year of frantic efforts to rescue the financial system from disaster.

Charles Schwab Takes on Cuomo
August 25, 2009 at 8:25 am

Schwab is fighting back against the push by New York's Cuomo to get brokerages to cover investor losses on auction-rate securities.

Turning Medical Errors to Good Use
August 25, 2009 at 4:31 am

Some hospitals are taking steps to admit their most grievous medical errors, and to learn from them in order to overhaul flawed procedures.

Times Supermarkets For Sale
August 25, 2009 at 1:32 am

Times Ltd.'s majority shareholder has put the Chinese supermarket chain up for sale, inviting bidders for the retailer in the hopes of fetching more than $560 million for the firm.
 

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