WSJ.com: What's News US

Apple CEO, Lawmakers Square Off Over Taxes

Wed, 22 May 2013 09:29:32 EDT

Apple's tax strategies came under harsh scrutiny Tuesday in the Senate, where lawmakers are finding it far easier to call for a simpler tax code than to produce one.

Dimon Strengthens Grip at J.P. Morgan

Wed, 22 May 2013 09:25:57 EDT

J.P. Morgan shareholders rejected a proposal to split James Dimon's dual roles as chief executive and chairman, and re-elected all the members of the bank's board.

Investors Brave Loans That Fly Solo

Tue, 21 May 2013 23:12:56 EDT

The market for bonds backed by a single loan on commercial real estate is booming for the first time since the financial crisis.

Stocks Climb Ahead of Bernanke

Wed, 22 May 2013 09:44:05 EDT

U.S. stocks crept slightly higher as investors kept to the sidelines ahead of Fed chairman Bernanke's testimony to Congress.

Target's Quarter Lacks Spring

Wed, 22 May 2013 08:56:40 EDT

Target posted a 29% drop in quarterly earnings and lowered its outlook, citing weak sales in seasonal and weather-related categories.

Gupta Makes Case for Appeal

Wed, 22 May 2013 05:54:19 EDT

Rajat Gupta asked a federal appeals court to set aside his insider-trading conviction because he said wiretaps were improperly allowed as evidence.

Use of RICO Weighed in SAC Case

Wed, 22 May 2013 04:31:42 EDT

It is rare for an investment firm to be charged under the Racketeer Influenced and Corrupt Organizations Act, a powerful legal tool used against the Mafia and drug gangs.

Ford to Increase North American Output

Wed, 22 May 2013 07:41:00 EDT

Ford plans to increase its North American manufacturing capacity by 200,000 vehicles through a series of production-line expansions and a shortening of its summer shutdowns.

BOJ Stands Pat, Raises View

Wed, 22 May 2013 06:41:56 EDT

The Bank of Japan raised its assessment of the economy once again and stood pat on policy, showing confidence in its drastic easing program despite recent volatility in the bond market.

IMF Warns on U.K. Austerity

Wed, 22 May 2013 09:45:12 EDT

The International Monetary Fund urged the U.K. government to ease back on its austerity program to avoid inflicting long-term damage on the nation's growth prospects.

Lower Sales Hit Staples Profit

Wed, 22 May 2013 06:51:11 EDT

Staples said quarterly net profit fell 9.2% as the office-supplies retailer's North American and European same-store sales continued to weaken.

Cooler Weather Hurts Lowe's

Wed, 22 May 2013 07:21:43 EDT

Lowe's net profit rose 2.5% as the home-improvement retailer reported slightly lower expenses, but revenue was almost flat and results missed Street estimates.

Lloyds, RBS Reassure on Capital

Wed, 22 May 2013 09:32:44 EDT

Royal Bank of Scotland Group and Lloyds Banking Group were given a pass by regulators to fill their multi-billion-pound capital holes through earnings and asset sales, without issuing new shares.