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LATEST HEADLINES

Cameron Becomes U.K. Prime Minister
- + Britain's incoming Prime Minis…
  
  Britain's incoming Prime Minister David Cameron, with his wife, waved in front of 10 Downing Street in London.
  Toby Melville/Reuters
- + Mr. Cameron, with his wife, Sa…
  
  Mr. Cameron, with his wife, Samantha, spoke in front of 10 Downing St. on Tuesday.
  Toby Melville/Reuters
- + Mr. Cameron left Buckingham Pa…
  
  Mr. Cameron left Buckingham Palace after having an audience with Queen Elizabeth II.
  Akira Suemor/Associated Press
- + Members of the U.K. shadow cab…
  
  Members of the U.K. shadow cabinet are escorted by police and media after meeting with their Liberal Democrat counterparts at the Cabinet Office in London.
  Warren Allott/AFP/Getty Images
- + Queen Elizabeth II greeted Con…
  
  Queen Elizabeth II greeted Conservative Party leader David Cameron for an audience at which she invited him to be Britain's next prime minister.
  John Stillwell/AFP/Getty Images
- + Britain's former Prime Ministe…
  
  Britain's former Prime Minister Gordon Brown left Buckingham Palace in London on Tuesday.
  Akira Suemori/Associated Press
- + Queen Elizabeth II greeted Lab…
  
  Queen Elizabeth II greeted Labour Party leader Gordon Brown for an audience at which he tendered his resignation.
  John Stillwell/AFP/Getty Images
- + Mr. Brown, right, and his wife…
  
  Mr. Brown, right, and his wife prepared to visit Queen Elizabeth II at Buckingham Palace to tender his resignation.
  Ben Stansall/AFP/Getty Images
- + Gordon Brown, with his wife an…
  
  Gordon Brown, with his wife and children, John and James, walked to his car after he announced his resignation.
  Geoff CaddickAFP/Getty Images
- + Prime Minister Gordon Brown le…
  
  Prime Minister Gordon Brown left Downing Street with his wife and children after resigning.
  Peter Macdiarmid/Getty Images
- + Gordon Brown stood with his wi…
  
  Gordon Brown stood with his wife as he announced his resignation as prime minister outside 10 Downing St. in London.
  Ben Stansall/AFP/Getty Images
- + British Prime Minister Gordon …
  
  British Prime Minister Gordon Brown and wife, Sarah, emerged from number 10 Downing St. on Tuesday.
  Jeff J. Mitchell/Getty Images
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Conservative Party leader David Cameron completed a tortuous roundabout journey to become Britain's prime minister, even as he sought to clinch a fragile power-sharing deal with the country's No. 3 political party.

What’s News —

Business & Finance

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Schapiro: No 'Single Cause' of Stock Dive
The SEC chairman said that regulators haven't yet found evidence of a "single cause" for the stock market's sudden plunge last week.
Dow Declines, Hurt by Alcoa
Stocks fell slightly as worries over possible tightening in China and lingering concerns over European sovereign debt weighed on the materials and energy sectors.
Toyota Expects Big Full-Year Profit
Toyota returned to the black in its fiscal fourth quarter and said it expects net profit to surge this year, presenting a bullish outlook despite being weighed down by its massive global recall.
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Morgan Buys Stake in Gannett
J.P. Morgan bought a 10.2% stake in Gannett, a $400 million vote of confidence in a traditional-media company.
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Nokia Shakes Up Management
Nokia replaced its top mobile phone executive and said it will carve out a business unit focused on smartphones, part of a broader management shuffle as the cellphone maker battles fierce competition in the premium handset market.
- The Source: Nokia Rings in Revamp, Again
- Mobile Watch
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Cuomo Sues Ivy Firm, Ex-Officers
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Intel Chief Anticipates Sharp Growth
FCC Wants Alerts on Wireless Overages
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Telefónica Seeks Control of Vivo
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China's Inflation Accelerates
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OPEC Raises Oil Demand Forecast
Home Prices Stabilize in Non-Boom Regions

U.S.

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Sessions Sees Vote Before Recess
Sen. Jeff Sessions, the top Republican on the Senate Judiciary Committee, said he believed the Senate could conclude consideration of Elena Kagan's candidacy for the Supreme Court before August recess.
- Abortion Memo Gives Peek at White House Role
- Vote: Should Kagan be confirmed?
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U.S. Cracks Down on Food Marketing
Cross at Center of Court Case Stolen

The Gulf Oil Spill

U.S. Plans to Split Oil-Rig Regulator
The Interior Department plans to split the Minerals Management Service into two divisions, one focusing on gathering royalties from oil and gas companies and another focused on safety inspections.
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Firms Trade Blame at Oil-Spill Hearing

Financial Regulation

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Senate Adopts Fed Audit Amendment
The Senate voted 96-0 to authorize an examination of the Federal Reserve's closely guarded emergency lending to financial institutions in the months surrounding the financial crisis.
- Financial Regulation Watch
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Bernanke Defends Swap Lines

World

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In Secret Report, Russia Shifts Westward
A confidential document from the Foreign Ministry to President Medvedev president outlines a shift toward a more pragmatic foreign policy aimed at building closer ties with the U.S. and Europe.
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Karzai, Clinton Emphasize Ties
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Pope Calls for Penance, Pardon

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U.S.

Chesapeake Bay Foundation Settles Suit Against EPA
Foundation President Will Baker predicted the settlement would lead to pollution reductions in the nation's largest estuary "and if it doesn't, the Chesapeake Bay Foundation will be back in court."
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House Plan Targets Child-Care Tax Credit
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Montana City Halts New Medical Pot Outlets

World

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Egypt Extends Emergency Law
Egypt extended its controversial emergency law for another two years, as human-rights activists warned the law would continue to be used to suppress dissent.
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Thai Premier Rescinds Election Offer
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Freed Pirates May Have Drowned

Business

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Boeing Workers Go on Strike
Boeing workers who assemble the giant C-17 cargo jets in Long Beach, Calif., began a strike early Tuesday, halting production, in a dispute over pension and medical benefits.
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Boston Scientific Bars Media From Meeting
Two Oil Firms Link Rig Blast to 'Plug'

Tech

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Videogames,Telecom Units Lift Vivendi Profit Higher
French entertainment and telecommunications company Vivendi reported higher first-quarter earnings driven mainly by its videogame and telecom businesses, and reaffirmed its full-year outlook.
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Toshiba Plans to Raise Spending
Telecom Firms Thrive in Somalia

Protect Data with Qwest Business

Markets

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Gold Settles at All-Time High
Gold set an all-time high, a symptom of broad-based investor concerns about markets and the global economy.
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Talks on U.K. Deal Aid Sterling
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Treasury Prices Steady After Strong Auction

Personal Finance

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When Mortgage Relief Is a Band-Aid
As the Obama administration prods banks to rev up mortgage modifications for millions of American households, an obstacle is emerging: Many people's debt woes go far deeper than their home loans.
How to Play the Market Plunge
Surprise Tax Hit on Foreclosures

Life & Style

Working Triathlons Into a Busy Schedule
Kim Nelson, chief executive of a Canadian packaging company, triathlete and mother of three, manages to carve out up to 20 hours a week for her training routine, which is planned by a former Olympic coach.
Floating Furniture
Junger's 'War': More Than Words

Opinion

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The Real Euro Crisis
The EU's bailout postpones the day of fiscal reckoning.
Kagan and the Military: What Really Happened
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Zachary Karabell: The World's Dollar Drug

Careers

M.B.A. Job Market a Mixed Bag
Overall, for business-school students in the class of 2010, finding a job has been a mixed experience. Many sectors haven't seen much hiring growth, but there are some signs that companies are beginning to ramp up.
A Bird Lifesaver
Job Gains Speed Up, More Seek Work

Real Estate

Palm Beach Auction
Initially listed at the top of the market for $10.75 million, this 5,500-square-foot Palm Beach mansion hits the block later in May.
Orange County Housewives: Short-Sale Edition
Fannie Mae Needs $8.4 Billion More

Small Business

Retirement-Plan Options for Business Owners
You might count on selling the business to fund your golden years. But a better strategy is to set up a tax-advantaged retirement plan.
Entrepreneurs Find New Way to Grow
Franchisees: We're Employees, Not Contractors

Offers

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Metropolis

At Grand Central, 'American Idol' for Subway Performers
The MTA held its annual audition for musicians hoping for access to 25 prime performance spots in the subway system. Everyone from accordion players to pop singers and a ragtime band showed up.
Pictures of the Day
In today's photos, Indonesian commuters try to cram in, Afghan schoolgirls are targeted, Icelandic volcanic ash grounds planes again and more.
Two-Time Rookie of the Year?
The unprecedented step of calling for an award re-vote. Plus: Orlando's express trip to the conference finals; Canada - now good at hockey!; and more.
Warmer Climate Boosts British Bubbly
Move over, Champagne. English bubbly is on the rise—partly due to better winemaking techniques. But some vintners say they're being helped by another factor: a warming climate.
Rep. Mollohan: The Next Incumbent to Fall?
Democratic Rep. Alan Mollohan could be the next incumbent to fall victim to 2010's anti-establishment mood after Saturday's defeat of Utah's GOP Sen. Bob Bennett.
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Disney's Movie Suspense
If there are surprises when Disney reports fiscal second-quarter results, they will likely have to come from the movie division.
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The World's Dollar Drug
Expect the greenback to remain the world's reserve currency, but that won't be a sign of U.S. strength.
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At Goldman, Conflicts as Opportunity
The conflicts aren't the problem. The conflicts are the opportunity. Goldman Sachs has long had conflicts welcomed by investors clamoring to be involved with the Wall Street bank.
- Video: The Real Issue With Goldman Sachs
- Complete Coverage: Goldman Sachs Case