WSJ.com: What's News US
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Facebook Creates Dual-Class Stock
Facebook has established a dual-class stock structure, a move that helps lay the groundwork for an eventual initial public offering.
Fed Raises Growth Forecasts
Fed officials upgraded forecasts for growth, but predicted a soft recovery would keep inflation muted. They also squabbled over asset sales, minutes of the November meeting showed.
GM Plan to Sell Saab Collapses
General Motors' drive to downsize global operations was dealt its latest setback as the buyer for its Swedish Saab brand backed out of an agreement to take over the operation.
Dow Slips; Health Stocks Gain
The Dow industrials slipped 17 points, as pressure from mixed economic reports was offset by g ains in the health-care sector.
U.S. GDP Growth Revised Lower
The U.S. economy's recovery wasn't as strong as earlier believed, as GDP growth was revised down to 2.8% amid a wider trade deficit and lower consumer spending.
Rajaratnam Responds to SEC
Galleon's Raj Rajaratnam denied he received or traded on material, nonpublic information about Google or other companies as alleged in the SEC's civil insider-trading case.
FDIC Fund Sinks Into the Red
The FDIC said the number of distressed banks in the U.S. rose to the highest level in 16 years, and the insurance fund to protect depositors swung to a negative balance.
AIG's Rescue Bedevils U.S.
Some federal officials are pressing the U.S. pay czar to ease up on AIG compensation curbs for 2010, arguing that the firm and taxpayers would suffer if they are too severe.
Mad Rush as Gold Bugs Get the Boot
HSBC told retail clients to remove their small holdings of gold from its New York vault so it can make room for more lucrative institutional customers.
Kraft Ties Banks to Cadbury Bid
Kraft has extracted exclusivity agreements from the banks it is using to finance its £9.9 billion bid for Cadbury, leaving contenders with few other banks to choose from.
More Charges in Satyam Scam
India's federal probe agency said it has filed additional charges against 10 people accused in the accounting scam at software exporter Satyam Computer Services.
TVs, Videogames Fill Holiday Carts
Trends suggest electronics sales may be solid during the holiday shopping season, while sales of apparel could get pummeled.
H-P Profit Rises on Cost Cutting
Hewlett-Packard's quarterly profit rose 14% as cost cutting boosted profit margins in its services business and offset lower sales in its computer and printer divisions.
OECD Exits Recession Amid Warnings
The world's developed economies emerged from recession in the third quarter, but IMF chief Dominique Strauss-Kahn said further stimulus is needed before governments can let down their guard.
Warner Music Swings to Loss
Warner Music swung to a surprise loss amid a revenue slump in U.S. music sales and higher costs.
Icahn Bids for Fontainebleau
Carl Icahn outbid Penn National Gaming to place a starting bid of $155 million for the Fontainebleau, the stalled Las Vegas hotel-and-casino project whose construction is expected to cost nearly $3.5 billion.
GM Has Repaid German Loan
GM has repaid a bridge loan for its Opel unit to the German government, Chancellor Merkel said, adding the aid had been crucial to keep the German car maker afloat.
Lloyds Prices Rights Issue at Discount
The U.K. bank priced the largest-ever rights issue at 61 cents a share, a 60% discount from Monday's closing price.
Tax Burden Slips in OECD Countries
The average tax burden for the private sector in countries within the OECD dropped in 2008 as some countries lowered their tax rates to aid economic recovery and activity slowed, reducing tax receipts.
Obama, Singh Pledge Cooperation
Barack Obama and India's Manmohan Singh pledged to expand partnerships on issues ranging from counter-terrorism to global warming.
Facebook Creates Dual-Class Stock
Facebook has established a dual-class stock structure, a move that helps lay the groundwork for an eventual initial public offering.
