WSJ.com: What's News US

Lender CIT Group Is Facing a Crunch

Sat, 11 Jul 2009 03:56:56 EDT

CIT Group is preparing for a possible bankruptcy filing after so far failing to obtain a government guarantee to help it borrow.

Increase in Exports Bodes Well for Growth

Sat, 11 Jul 2009 01:01:53 EDT

Tentative signs of life in global trade are emerging, buoying growth forecasts in the U.S. and China, two of the world's most important economies.

GM Takes New Direction

Sat, 11 Jul 2009 00:03:51 EDT

GM kicked off a new era following its exit from bankruptcy protection, with CEO Henderson promising to transform the auto maker.

UBS Eyes Outsider to Run Broker Unit

Sat, 11 Jul 2009 01:49:34 EDT

UBS has discussed hiring an outsider as it looks to strengthen its U.S. wealth management operations.

Continental Cleared for International Pact

Sat, 11 Jul 2009 01:50:47 EDT

The DOT approved Continental Airlines to enter an agreement with nine other airlines for international routes, ignoring concerns from the Justice Department.

Stimulus Aid Said to Be Moving Faster

Sat, 11 Jul 2009 00:03:51 EDT

The White House says it's been on a "learning curve" with the stimulus plan but has now figured out how to make the money move faster.

Citi Gives Glimpse of Good and Bad

Sat, 11 Jul 2009 01:26:50 EDT

Citigroup released financial data to show how the separation of its businesses would play out.

Chevron, Sentiment Pinch Stocks

Sat, 11 Jul 2009 00:04:11 EDT

A profit warning from Chevron and a weak reading of consumer confidence left stocks mixed. The Dow shed 1.6% on the week.

U.K.'s Venture Rejects Centrica Bid

Sat, 11 Jul 2009 01:51:45 EDT

U.K. oil and gas producer Venture rejected an 845 pence-per-share offer from utility Centrica PLC for the remaining 71% stake it doesn't own in Venture.

Jury Convicts Bourke in Bribery Case

Sat, 11 Jul 2009 00:04:31 EDT

Frederic Bourke Jr., co-founder of Dooney & Bourke, was convicted of bribing Azerbaijan government officials, marking a big victory for the DOJ as it cracks down on overseas corruption.

Ex-Refco Lawyer Convicted of Fraud

Sat, 11 Jul 2009 00:04:31 EDT

A former lawyer for Refco was convicted on conspiracy and fraud charges in a scheme to help owners and executives at the defunct commodities broker steal over $2 billion.

Geithner: Business Hedging Isn't Target

Sat, 11 Jul 2009 00:03:51 EDT

Geithner tried to allay lawmakers' concerns that new derivatives regulations would harm businesses ability to tailor risk hedges.

Kellwood Faces Debt Deadline

Sat, 11 Jul 2009 00:04:31 EDT

Kellwood could seek bankruptcy protection after the apparel maker and bondholders failed to reach a deal.

Rio Tinto Case Pinned to Price Talks

Sat, 11 Jul 2009 02:20:54 EDT

A Rio Tinto executive detained in China was publicly accused of bribing steelmakers to obtain state secrets during negotiations over the price of iron ore.

Russia May Revoke Arcelor Licenses

Sat, 11 Jul 2009 01:55:05 EDT

Russian authorities may revoke licenses for two of ArcelorMittal's coal mines in Siberia without compensation because they are concerned the steelmaker may close them down.

Cult of the Caudillo

Sat, 11 Jul 2009 00:04:11 EDT

The strongman may be Latin America’s most important contribution to political science. The crisis in Honduras has many terrified that power-hungry leaders are making a comeback.

Dog Helps Iraq Vet Get Back on His Feet

Sat, 11 Jul 2009 00:04:11 EDT

One Iraq war veteran with severe PTSD is getting help from Tuesday -- a golden retriever trained to help people whose suffering is not physical, but emotional.