WSJ.com: What's News US
What's News US
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Goldman Names Managing Directors
Goldman Sachs said that 272 of its bankers have been offered managing-director positions that will be effective next year.
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Sears Trims Loss as Overhead Costs Decline
Sears said its quarterly loss narrowed amid higher margins and cost cuts. The retailer also posted same-store sales growth at its Kmart chain.
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Tom Petty: Rock God or Mere Mortal?
As Tom Petty prepares to release a career-spanning anthology, an attempt to determine where he falls in the rock music pantheon.
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Goldman Holders Miffed at Bonuses
Some of Goldman Sachs's largest shareholders have urged the firm to reduce its bonus pool, arguing the company should pass along more of its blockbuster earnings to investors.
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AOL to Cut Work Force by a Third
AOL plans to lay off about 2,500 employees through voluntary and involuntary cuts after its spinoff next month from Time Warner.
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Hedge-Fund King Under Siege
Hedge-fund titan Kenneth Griffin lost $8 billion of his clients' money last year. Now, he is trying to persuade investors to trust him with more as he launches new funds.
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Stocks Drill to Session's Lows
Stocks pushed to their lowest point of the session as gains in the dollar and Treasurys underscored continuing economic uncertainty.
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New Link in Galleon Case
A defendant accused of exchanging a case of cash for inside information has ties to Galleon's former No. 2 executivethe first link between a top executive at the hedge fund and smaller-time players.
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Blackstone Unit to Buy Birds Eye
Blackstone's Pinnacle Brands agreed to pay $1.3 billion to acquire Birds Eye, the largest frozen-vegetable company in the U.S.
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New Jobless Claims Flat at 505,000
The number of U.S. workers filing new claims for jobless benefits last week remained unchanged at 505,000. Leading indicators edged up last month.
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OECD Sees Stronger Recovery
The global economic recovery will be stronger than previously expected, but it will take years to bring unemployment and government debt back to pre-crisis levels, the OECD said.
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Sears Reports Narrower Loss
Sears said its quarterly loss narrowed on higher margins and cost cuts. The retailer also posted same-store sales growth at its Kmart chain.
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Deutsche Bank Ex-CEO Faces Fraud Case
German prosecutors filed criminal fraud charges against former Deutsche Bank chief Breuer, alleging the executive gave false testimony during a high-stakes lawsuit.
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FAA Glitch Causes Airline Delays
The FAA computer glitch that caused flight cancellations and delays across the U.S. has been resolved, but major departure delays continue to be reported in Washington, New York and Chicago.
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Geithner Urges Action on Financial Reform
Congress must move quickly to create a safer, more stable financial system, Geithner said, as lawmakers on both sides of Capitol Hill pressed forward with legislative efforts.
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Blackstone to Acquire Birds Eye
Birds Eye Foods, the largest frozen-vegetable company in the U.S., is expected to be acquired for more than $1.3 billion by Blackstone's Pinnacle Brands.
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OECD Forecasts Stronger Recovery
The global economic recovery will be stronger than previously expected, but it will take years to bring unemployment and government debt back to their pre-crisis levels, the OECD said.
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J.P. Morgan to Buy Out Cazenove Joint Venture
J.P. Morgan Chase extended its reach in Europe with the expected announcement that it will take full control of the investment-banking and broking joint venture it set up with Cazenove.
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China Minsheng Bank IPO Raises $3.86 Billion
Chinese lender China Minsheng Banking Corp. raised US$3.86 billion in its Hong Kong initial public offering after pricing the shares slightly above the middle of the indicative range.
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Obama to Push For Korea Trade Pact
Obama pledged to ratify a free-trade agreement with South Korea, challenging Congress to separate South Korea from other Asian nations enjoying trade surpluses with the U.S.
WSJ.com: What's News US
