Business News & Financial News - The Wall Street Journal

WSJ
- WSJ
- Facebook
- Twitter
MarketWatch
- MarketWatch
Barron's
- Barron's
SmartMoney
- SmartMoney
AllThingsDigital
- AllThingsDigital
FINS
- FINS
More
- BigCharts
- Virtual Stock Exchange
- Financial News
- WSJ Asia
- WSJ Europe
- WSJ Americas
  - en Español
  - em Português
- WSJ Radio
- WSJ Wine

- |
The Wall Street Journal U.S. Home
- Welcome, Logout
U.S. Edition Home
↓ More
WSJ.com is available in the following editions and languages:

U.S.

Asia

India

China

Japan

Europe

Americas

en Español

em Português

Login/Register to set your edition
Log In

Log In

Login

Password

Log in
Your login is either a username or an email address.
Keep me logged in. Forgot your login or password?

Share articles and comments with your friends
Login with Facebook
What's This?

You can connect your Facebook profile with WSJ.com to share articles, comments, and other activity with your friends.

World » More

World » More

Loading…
U.S. » More

U.S. » More

Loading…
New York » More

New York » More

Loading…
Business » More

Business » More

Loading…
Markets » More

Markets » More

Loading…
Tech » More

Tech » More

Loading…
Personal Finance » More

Personal Finance » More

Loading…
Life & Culture » More

Life & Culture » More

Loading…
Opinion » More

Opinion » More

Loading…
Careers » More

Careers » More

Loading…
Real Estate » More

Real Estate » More

Loading…
Small Business » More

Small Business » More

Loading…

LATEST HEADLINES

Subscriber Content Read Preview

FBI to Probe MF Global
The FBI plans to investigate MF Global in the wake of its bankruptcy filing and questions about a possible shortfall in client funds.
- Video | NYSE Moves to Delist
- Options in Trade-Halt Limbo
- Earlier: MF Global Collapses
Dow Takes Another Drubbing
Stocks tumbled for a second consecutive session, as Greece's plans for a referendum fueled worries that the euro-zone bailout plan might fall apart.
- Video | More from MarketBeat

Subscriber Content Read Preview

St. Paul's Halts Camp Legal Action

Subscriber Content Read Preview

Greek Vote Plan Threatens Government
The Greek prime minister's call for a referendum on a bailout package rattled European officials and markets, sparking warnings the move could force the government's collapse and push the country into a default.

Subscriber Content Read Preview

Latest Crisis Overshadows G-20 Summit
Subscriber Content Read Preview

Draghi's European Baptism of Fire

What’s News —

Business & Finance

BofA Retreats on Debit-Fee Plan
Bank of America has dropped its plan to charge customers $5 a month for making purchases with their debit cards, responding to customer backlash.
Subscriber Content Read Preview

Pfizer Has Plan to Market Branded Lipitor
Pfizer doesn't intend to concede the market for its cholesterol-lowering drug Lipitor to generic competitors after the blockbuster brand loses its U.S. monopoly at the end of the month.
- Interactive: Track Company Earnings
Subscriber Content Read Preview

Banks Shrink as Wall Street Hits Wall
After growing to unprecedented size before the financial crisis and getting only slightly smaller during the downturn, Wall Street is now shrinking as profits dry up and the prospect for a rebound dims.
- Credit Suisse Shrinks Investment Unit
- Nomura Triples Cost-Cut Target
Subscriber Content Read Preview

Yahoo Buys Interclick
Yahoo agreed to acquire online advertising technology company Interclick in a deal valued at roughly $270 million.
- Importance of Search Ads Grows
Subscriber Content Read Preview

Libor Belies European Bank Stress
Discrepancies between what banks report for their daily cost of short-term funding and what they are paying have left a widely followed benchmark interest rate understating the financing challenges facing Europe's banks.
Subscriber Content Read Preview

U.S. Auto Sales Surge in October, Rise 7.5%
Subscriber Content Read Preview

U.S. Factory Growth Slows
Subscriber Content Read Preview

H-P to Test Calxeda Chips
Subscriber Content Read Preview

U.S. Sues Allied Home Mortgage
Subscriber Content Read Preview

KKR Explores Samson Deal
Subscriber Content Read Preview

Boeing CFO Plans to Retire
Subscriber Content Read Preview

ADM Net Rises 33%

Tech

Subscriber Content Read Preview

Cook Is Making Apple His Own
Apple CEO Tim Cook has already put his operational mark on Apple in ways that suggest the company won't be entirely the same as under Steve Jobs, its intense and tempestuous co-founder.

Life & Culture

Pet Care Costs Soar
Pet owners are feeling sticker shock. The average household in the U.S. spent $655 on doctor and surgical visits for their dogs last year, up 47% from a decade ago.
- Video: Pet Medical Care Skyrockets
Subscriber Content Read Preview

Pet Food Tested Amid Owner Illnesses

U.S.

Protesters, Homeless Share Turf–and Tension
As the Occupy movement enters its second month, protesters are facing a delicate question: how to manage a large number of homeless among them.
Subscriber Content Read Preview

Bowles, Simpson Push for Deficit Deal
Subscriber Content Read Preview

Math Scores Continue to Improve
Subscriber Content Read Preview

GOP Candidates Talk Subsidies in Iowa

World

Subscriber Content Read Preview

News Corp. Counsel Noted Hacking 'Culture' in 2008
Newly released documents show that an outside lawyer for News Corp. in 2008 warned of a "culture of illegal information access" at the company's News of the World newspaper.
Subscriber Content Read Preview

Israel Opts To Freeze Palestinian Funds
Many of China's Rich Look for an Exit

Editors' Picks

Video

Click to Play
Business

Recessions and Kardashians...What Would Ben Do?
- <![CDATA[<fb:like data-dj-widget="onvisible.module" data-dj-module="dj.module.facebook.connect" layout="button_count" width="" height="21" send="false" show_faces="false" href="http://online.wsj.com/video/recessions-and-kardashianswhat-would-ben-do/38F8F4B3-2D0C-4753-8C00-F2FB1CF0CF9A.html"></fb:like>]>
- <![CDATA[<fb:like data-dj-widget="onvisible.module" data-dj-module="dj.module.facebook.connect" layout="button_count" width="" height="21" send="false" show_faces="false" href="http://online.wsj.com/video/for-tech-children-good-night-ipad/27108033-E06D-414F-AFCC-3B2DEEBC67E9.html"></fb:like>]>
- <![CDATA[<fb:like data-dj-widget="onvisible.module" data-dj-module="dj.module.facebook.connect" layout="button_count" width="" height="21" send="false" show_faces="false" href="http://online.wsj.com/video/finding-your-perfect-auto-match/87320C90-F890-4909-95D2-0CE849025119.html"></fb:like>]>
Business
Recessions and Kardashians...What Would Ben Do?
In Video Center»
Books
For Tech's Children: 'Good Night, iPad'
In Video Center»
Autos
Finding Your Perfect Auto Match
In Video Center»

Business

Subscriber Content Read Preview

Restaurant Chains Fight to Stay Afloat
A tough job market for young adults and soaring meat and dairy costs are wreaking havoc on some midsize chains such as Friendly's, Chevys and Quiznos.

Personal Finance

Retreat From Debit-Card Fees Continues
SunTrust Banks and Regions Financial will stop charging customers for making purchases with debit cards, marking the latest banking-industry retreat from a monthly fee that drew outrage.
- Credit Unions See Influx of New Customers

Arts & Entertainment

After Gadhafi, the Hope for Modernity
Libyan cultural and educational institutions usually have a Rip Van Winkle quality to them. The National Museum is hoping to change that.
So It Wasn't Jealousy After All?
'The Smile Sessions': A Lost Album That's Still Missing

Business

Subscriber Content Read Preview

Amid Greek Crisis, Some Try Start-Ups
For many Greek college graduates, the safe path has been to get a government job, but that option is disappearing. Despite a lack of venture capital, a handful of young people are launching tech start-ups.
Subscriber Content Read Preview

Credit Suisse to Cut Jobs
Subscriber Content Read Preview

MF Global Collapses as Books Questioned

Tech

Subscriber Content Read Preview

Olympus Sets Panel to Probe Deals
Olympus named the members of a third-party committee it formed to examine four past acquisitions, responding to calls by both regulators and shareholders to explain deals that have raised governance concerns.
Subscriber Content Read Preview

When 'Friending' Becomes Source of Start-Up Funds
Subscriber Content Read Preview

Disney Adds More Streaming

Markets

Subscriber Content Read Preview

SecondMarket Valued at $200 Million
SecondMarket has raised money from a venture fund started by a former Facebook executive as the online marketplace for private shares looks to persuade more companies to sign up.
Subscriber Content Read Preview

Euro Tumbles on Greek Move
Subscriber Content Read Preview

Greek Referendum Deepens Euro-Zone Crisis

Personal Finance

As Dow Falls, Beware 'Low Betas'
This latest threat to the European debt deal could send investors scrambling for less-volatile shares. That move could backfire, writes Jack Hough.

U.S.

Subscriber Content Read Preview

Painkiller Deaths Nearly Quadruple in a Decade
The number of deaths annually from overdoses of prescription painkillers nearly quadrupled in a decade, according to a U.S. report examining the public-health effect of powerful new drugs and dispensing practices that have made them relatively easy to obtain.
Subscriber Content Read Preview

Moody's: U.S. Rating Not Contingent on Debt Deal
Subscriber Content Read Preview

ADHD Drugs Don't Raise Heart Risks, Study Says

World

Subscriber Content Read Preview

Afghanistan, Pakistan Agree to Coordinate Probes
Afghanistan and Pakistan agreed to set up a mechanism to coordinate their investigations into the assassination of former Afghan President Burhanuddin Rabbani, one of a series of confidence-building measures signed at a three-way summit hosted by Turkey.
Subscriber Content Read Preview

U.S., U.K. Propose Web Rules
Subscriber Content Read Preview

Fraud Case Rattles Iranian Leader

Management

Subscriber Content Read Preview

Corzine Races to Rescue MF Global
MF Global was near a deal to file for bankruptcy protection as soon as Monday and sell assets to Interactive Brokers. The tentative plan could end Jon Corzine's short tenure at MF Global.
Subscriber Content Read Preview

Appliance Sales Tumble
Are Firms Responsible for Creating Jobs?

Health

Subscriber Content Read Preview

Raising Cancer Risk With Two Drinks
Evidence is mounting that regular drinking, even in moderation, raises the long-term risk of cancer.
Subscriber Content Read Preview

Risks of Heart Disease for Women
Subscriber Content Read Preview

Obama Moves on Drug Shortages

Life & Culture

Portrait of a Restless Artist as a Young Man
The first three decades of Picasso's artistic life, as documented by his works on paper.
As La Russa Leaves, Will Pujols Follow?
Who Would Quit Before Race Day?

Opinion

John B. Taylor: A Slow-Growth America Can't Lead the World
After World War II, the U.S. promoted international economic growth through reliance on the market and the incentives it provides. Times have changed.
McGurn: What's Your Kid Getting From College?
Subscriber Content Read Preview

Pulling a Corzine

AD: Eco-friendly Transit

New York

Subscriber Content Read Preview

Macy's to Overhaul Flagship Store
Macy's plans a $400 million makeover of its flagship store in New York's Herald Square, adding technology to help customers shop and dining with a view of the Empire State Building.
Cooper Union Weighs an About-Face
Subscriber Content Read Preview

Cart Hits Woman; Two Boys Charged

Sports

Brooklyn Love & Basketball
In total, the Kardashian-Humphries union spanned 72 days. That's 51 days fewer than the NBA's work stoppage, which began on July 1.
Winning By a Nose (If That)
Baseball's Romp on the Wild Side

Careers

Virtual Fairs Offer Real Jobs
Career fairs are going digital. These online forums can save employers time and money as they seek access to a broader pool of candidates.
'Puppet Masters' in High Demand
Working the Trade Shows

Real Estate

Kentucky Greek Revival
This house near Cherokee Park in Louisville, Ky., includes a Tuscan-inspired courtyard, as well as a sunroom and a wine room. The current owner designed the interiors, adding a mix of French, English, Chinese, Japanese and contemporary furniture.
Subscriber Content Read Preview

Tax Win Inspires Copycats
Selling Homes Near Dead People

Small Business

Daredevil's Delight
Ogio International Inc., near Salt Lake City, designs and sells bags for athletes. The company expects nearly $80 million in sales this year. The company's 70,000-square-foot building includes a warehouse and offices furnished with repurposed sports equipment. There's also a quarter-mile track for dirt bikes.
Subscriber Content Read Preview

Start-Ups in India Hit by Bureaucracy
How to Succeed in Self-Publishing

Offers

Subscribe and get two weeks free!

Close Just $2.69 per week

Just $2.69 per week
Access WSJ on the web, tablet and smartphone
Unparalleled financial, business and global news 24/7
Home or office delivery six days a week

Subscribe now

Market Data Center

* at close
Source: Dow Jones, SIX Telekurs, ICAP plc

MARKET NEWS

How to Read this Chart

High
Current price, up from close
Price at prior day's close
Current price, down from close
Low

The Digital Solution

Focus! No Willpower Required
A look methods to help you avoid distractions while on the computer. These range from Web browser tools to computer software programs to controls built into the operating system.
Subscriber Content Read Preview

Riding the North Dakota Oil Boom
A surge in crude-oil production in North Dakota is fueling a railroad boom in one of the nation's most remote regions.
Subscriber Content Read Preview

Raising Cancer Risk With Two Drinks
Evidence is mounting that regular drinking, even in moderation, raises the long-term risk of cancer.
- Lower Cancer Risk by Skipping Alcohol
Dissident Chinese Artist Gets $2.4 Million Tax Bill
Ai Weiwei said Chinese authorities are now seeking $2.4 million in back taxes and fines from him, a sign the government isn't easing pressure on the artist, who was detained for nearly three months this year.
Analyst Details His 'Exile on Wall Street'
Wall Street is about to find out if the pen is mightier than the sword, writes Francesco Guerrera.
- Mean Street: Every Bank for Itself

Photos

Photos of the Day: Nov. 1
In today's pictures, a horse wins the Melbourne Cup by a nose, Dutch Parliament denies an Angolan asylum-seeker's request, a plane lands on its belly in Poland and more.

Partner Center

An Advertising Feature

SPECIAL ADVERTISING FEATURES

{var _count = 0}
	<div class="hidden isSubViewState">${isSubView}</div>
	{if isSubView == false}
		{var _modPrefix = "WSJ_hpp_sections_"}
		{var _replaceFrom = "_hps_"}
		{var _replaceTo = "_hpp_"}
	{else}
		{var _modPrefix = "WSJ_hps_sections_"}
		{var _replaceFrom = "_hpp_"}
		{var _replaceTo = "_hps_"}
	{/if}

{var _threeCol = (payload.boxes.length == 15)? true : false}
    
   {for _box in payload.boxes}
    {var _count = _count + 1}
	
    {if _count < 13}

{var _expandedCol = (_box.size == 2)? true : false}

{if _count%2 == 0}
		 {var _colClass = "margin-left"}
		{else}
		 {var _colClass = ""}
		{/if}

{if _count%2 !== 0 && _count !== 15}
		  <div class="col6wide"> 
		{/if}

{if  _expandedCol == true}
		  
		  {var _count = _count + 1}
		  <div class="headlineSummary HSBCollection">
		  <h3>

{if _box.boxUrl !== undefined && _box.boxUrl !== "" && _box.boxUrl !== " "}
				<a href="/web/20111101231317/http://online.wsj.com/public/page/${_box.boxUrl}.html?mod=${_modPrefix}${_box.boxKey}" class="" id="">${_box.displayName}</a>
			{else}
				 ${_box.displayName}
			{/if}          
		  </h3>
		   {var _countA = 0}
		   {for _articles in _box.articles}
			 {var _countA = _countA + 1}

{if _countA == 1 || _countA == 4}
			  <div class="col3wide colOverflowTruncated  {if _countA == 4} margin-left{/if}"> 
				<div class="headlineSummary newsBucket"> 
				  <ul class="newsItem">
			  {/if}

{if _countA == 1 || _countA == 4}

<li class="firstList {if _articles.paid == 1 && isSubView == false} subPrev tipTree tooltipType-news{/if}">
					  {if _articles.paid == 1 && isSubView == false}
						<div class="tipTargetBox">
						  <div class="tooltipBox">
							<div class="tooltip">
						   <p><small>Subscriber Content</small> <em>Read Preview</em></p>
						  </div>
						  </div>
						</div>
					  {/if}
				{if _articles.image !== ""}
				  <a href="${_articles.url.replace(_replaceFrom,_replaceTo)}"> <img hspace="0" height="76" width="76" vspace="0" border="0" class="imageFormat-A" alt="[bofa0323]" src="https://web.archive.org/web/20111101231317im_/http://si.wsj.net/public/resources/images/${_articles.image}"> </a>
				{/if}   
				  <h2 {if _articles.paid="1" && issubview="false}" class="tipTarget" { if}><a href="${_articles.url.replace(_replaceFrom,_replaceTo)}"> ${_articles.title} </a> </h2>
				  <p> ${_articles.summary}</p> 
				</li>
			  {else}
				<li {if _articles.paid="1" && issubview="false}" class=" subPrev tipTree tooltipType-news" { if}>
					  {if _articles.paid == 1 && isSubView == false}
						<div class="tipTargetBox">
						  <div class="tooltipBox">
							<div class="tooltip">
						   <p><small>Subscriber Content</small> <em>Read Preview</em></p>
						  </div>
						  </div>
						</div>
					  {/if}
				  <h2 {if _articles.paid="1" && issubview="false}" class="tipTarget" { if}><a href="${_articles.url.replace(_replaceFrom,_replaceTo)}"> ${_articles.title} </a> </h2>
				</li>
			  {/if}

{if _countA == 3 || _countA == 6}
					</ul>
				  </div> 
				</div> 
			  {/if}

{/for}
			</div>

{if _countA == 6 && _box.boxKey == "opinion"}
			<div class="adSummary textBuddy">
			<ul>
				<li><small> <a target="_blank" href="https://web.archive.org/web/20111101231317/http://ad.doubleclick.net/clk;246159937;29011447;n?http://online.wsj.com/ad/transport"> AD: Transit innovations</a> </small></li>
			</ul>
			</div>
			{/if}

{if _countA == 6 && _box.boxKey == "personalfinance"}
			<div class="adSummary textBuddy">
			<ul>
				<li><small> <a target="_blank" href="https://web.archive.org/web/20111101231317/http://ad.doubleclick.net/clk;246145931;29011447;c?http://online.wsj.com/ad/privatewealthmanagement"> AD: Inflation and retirement</a> </small></li>
			</ul>
			</div>
			{/if}

{else}
			
			{if _count > 12 && _threeCol == true}
				{if _count > 13}
				   {var _colClass = "margin-left"}
				{/if}
				<div class="col2wide colOverflowTruncated ${_colClass}"> 
				  <div class="headlineSummary newsBucket"> 
					<h3>
					{if _box.boxUrl !== undefined && _box.boxUrl !== "" && _box.boxUrl !== " "}
						<a href="/web/20111101231317/http://online.wsj.com/public/page/${_box.boxUrl}.html?mod=${_modPrefix}${_box.boxKey}" class="" id="">${_box.displayName}</a>
					{else}
						 ${_box.displayName}
					{/if}          
					</h3>
			{else}
				<div class="col3wide colOverflowTruncated ${_colClass}"> 
				  <div class="headlineSummary newsBucket"> 
					<h3>
					{if _box.boxUrl !== undefined && _box.boxUrl !== "" && _box.boxUrl !== " "}
						<a href="/web/20111101231317/http://online.wsj.com/public/page/${_box.boxUrl}.html?mod=${_modPrefix}${_box.boxKey}" class="" id="">${_box.displayName}</a>
					{else}
						 ${_box.displayName}
					{/if}          
					</h3>
			{/if}

{var _countA = 0}
			<ul class="newsItem">
			 {for _articles in _box.articles}
				{var _countA = _countA + 1}
				  {if _countA == 1}
					<li class="firstList {if _articles.paid == 1 && isSubView == false} subPrev tipTree tooltipType-news{/if}">
							{if _articles.paid == 1 && isSubView == false}
							  <div class="tipTargetBox">
								<div class="tooltipBox">
								  <div class="tooltip">
								 <p><small>Subscriber Content</small> <em>Read Preview</em></p>
								</div>
								</div>
							  </div>
							{/if}
					{if _articles.image !== ""}
					  <a href="${_articles.url.replace(_replaceFrom,_replaceTo)}"> <img hspace="0" height="76" width="76" vspace="0" border="0" class="imageFormat-A" alt="[bofa0323]" src="https://web.archive.org/web/20111101231317im_/http://si.wsj.net/public/resources/images/${_articles.image}"> </a>
					{/if}   
					  <h2 {if _articles.paid="1" && issubview="false}" class="tipTarget" { if}><a href="${_articles.url.replace(_replaceFrom,_replaceTo)}"> ${_articles.title} </a> </h2>
					  <p> ${_articles.summary}</p> 
					</li>
				  {else}
					<li {if _articles.paid="1" && issubview="false}" class=" subPrev tipTree tooltipType-news" { if}>
							{if _articles.paid == 1 && isSubView == false}
							  <div class="tipTargetBox">
								<div class="tooltipBox">
								  <div class="tooltip">
								 <p><small>Subscriber Content</small> <em>Read Preview</em></p>
								</div>
								</div>
							  </div>
							{/if}
					<h2 {if _articles.paid="1" && issubview="false}" class="tipTarget" { if}><a href="${_articles.url.replace(_replaceFrom,_replaceTo)}"> ${_articles.title} </a> </h2>
					</li>
				  {/if}
			 {/for}
			</ul>

</div>

{if  _box.boxKey == "opinion"}
			<div class="adSummary textBuddy">
			<ul>
				<li><small> <a target="_blank" href="https://web.archive.org/web/20111101231317/http://ad.doubleclick.net/clk;246159937;29011447;n?http://online.wsj.com/ad/transport"> AD: Transit innovations</a> </small></li>
			</ul>
			</div>
			{/if}

{if  _box.boxKey == "personalfinance"}
			<div class="adSummary textBuddy">
			<ul>
				<li><small> <a target="_blank" href="https://web.archive.org/web/20111101231317/http://ad.doubleclick.net/clk;246145931;29011447;c?http://online.wsj.com/ad/privatewealthmanagement"> AD: Inflation and retirement</a> </small></li>
			</ul>
			</div>
			{/if}

</div>
		  
		{/if}

{if (_count%2 == 0 && _count !== 14) || _count == 15}
		  </div> 
		{/if}     
		{if (_count == 14 && _threeCol !== true)}  
		  </div> 
		{/if} 
	{/if}                   
   {forelse}
       JSONP RENDERING FAILED
   {/for}

Pin it Now!

Log In

LATEST HEADLINES

Quick Links:

What’s News —

Business & Finance

Editors' Picks

WSJ News Personalized for You

Offers

MARKET NEWS

How to Read this Chart

Highlights

Opinion: Steve Jobs's Advice for Obama562 comments