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What's News US

Category Covered: Other Wall Street

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Sony Bets On 3-D To Drive TV Sales

 
Sony said it sees 3-D compatible televisions accounting for up to half of all the TVs sold by the company in three years.

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Ports Hope for Prosperous Holidays

 
Big port operators are looking to see whether the start of the holiday-shopping season will signal that import traffic might improve alongside recent gains in exports.

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Crisis in Gulf Roils Markets

 
European and Asian stocks skidded as investors reacted sharply to the unfolding debt crisis in the Persian Gulf emirate of Dubai, setting the stage for a weak start for Wall Street when U.S. markets reopen Friday.

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Asia Falls on Dubai World; Yen Surges

 
Asian stocks fell Friday on global concerns over Dubai World's debt obligations. The yen rose to a fresh 14-year high against the U.S. dollar.

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GOP Looks to U.K.'s Tory Revival

 
As the GOP rebuilds in the wake of its 2008 electoral defeats, some Republican activists are looking to Britain's resurgent Tory party for lessons.

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EU Will Press China to Let Yuan Rise

 
Top European officials will press China this weekend to allow its currency to rise against the euro, amid political fears that the euro's strength could undermine Europe's recovery.

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Overtime Creeps Back Before Jobs

 
Overtime is returning at many manufacturers, boosting workers' battered wages and helping companies increase output during a period of uncertain growth.

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Online Retail Battle Heats Up

 
Major Retailers including Target, J.C. Penney and Best Buy put Black Friday discounts online early in another sign that retailers are worried about holiday sales.

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Small Energy-Saving Steps Add Up

 
High-tech solutions like hybrid cars can help lower consumption, but researchers see faster progress in low-tech measures, like improving the mileage of a regular car's engine.

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The Smart Season

 
When temperatures drop and awards season looms, it's time for serious movies for grown-ups. Get ready for Mandela, Tolstoy and a burned-out crooner. Plus: five Oscar-winning actresses singing.

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Dubai World Bond Values Plunge

 
Bonds of Dubai World's real-estate subsidiary plunged in value Thursday, a day after the troubled Gulf city-state rattled investors throughout Europe's financial markets by delaying the state-run conglomerate's debt payments.  ...

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IPhone Shakes Up Korea

 
Apple's iPhone is set to go on sale in South Korea, a country that prides itself on cutting-edge technology but where the government raised trade barriers on smart phones.

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European Stocks Drop on Dubai Worries

 
European stocks fell sharply, suffering their biggest one-day drop since April as investors reacted sharply to the unfolding debt crisis in Dubai. The dollar rebounded after a sharp sell-off in Asia in a flight to relative safety.  ...

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Dollar Hits Low Vs. Yen

 
The U.S. currency hit its weakest level against its Japanese counterpart in 14 years before bouncing back somewhat, as central banks across Asia look for ways to deal with the weak dollar and uncertainty in the currency markets.  ...

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Dubai Starts to Untangle Dubai World Fallout

 
Dubai started to untangle the $60 billion financial mess of its once prized Dubai World conglomerate by ring-fencing its profitable ports unit.

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LSE Stops Trading Amid Glitch

 
The London Stock Exchange has stopped trading of U.K. stocks from mid-Thursday morning to investigate technical problems.

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LSE Stops Trading Due to Technical Problems

 
The London Stock Exchange has stopped trading of U.K. stocks from mid-Thursday morning to investigate technical problems.

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Dollar Rises on Dubai Debt Worries

 
Fear of a debt default by Dubai World, along with talk of intervention by the Bank of Japan and suspected intervention by the Swiss National Bank, helped lift the dollar.

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Lachlan Murdoch Sells News Corp. Stock

 
Lachlan Murdoch, the elder son of News Corp. CEO Rupert Murdoch, reported selling roughly $28 million in company stock, as his investment firm plans to purchase a stake in an Australian radio broadcaster.

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China's Stimulus Could Upend Markets

 
The new investments funded by China's stimulus plan may swamp world markets and lead to a surge in trade conflicts, an international business group said.

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Dubai's Day at the Beach Rained Out

 
Dubai's surprise move to restructure its corporate jewel stunned the city-state's bankers and executives, who appeared to be just shaking off the worst of a particularly nasty strain of the global financial crisis.

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BHP Sees Improving Sentiment

 
BHP Billiton Chief Executive Marius Kloppers said market sentiment has improved in the past month and that demand from the Chinese steel sector is surprisingly strong.

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Yen Hurts Japan Exporters

 
Asian share markets were mixed Thursday, with export stocks falling in Tokyo, pushing the Nikkei down 0.8% amid concerns about a rising yen.

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Beal Bank Makes Play For Trump Casinos

 
Beal Bank made a bid for Trump Entertainment Resorts Atlantic City casinos about a week after Donald Trump abandoned his campaign to get back the properties.

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Calpers Paid Advisers After Contracts Lapsed

 
Calpers said it paid two hedge-fund advisers during a two-year period when the firms weren't under contract, the latest stumble by the nation's largest pension fund. The advisers got a combined $36 million.

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AIG Settles With Greenberg

 
AIG said it has agreed to settle all legal disputes with former chairman Maurice Greenberg, former chief financial officer Howard Smith and two companies headed by Greenberg.

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Euro Breaks Through $1.51

 
The euro surged above $1.51, shattering a long-standing trading range against the dollar as the onslaught on the greenback intensified.

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Obama to Attend Climate Summit

 
President Obama plans to attend a global climate summit in Copenhagen next month, where he will lay out specific targets for curbing greenhouse-gas emissions.

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GE Works to Accelerate Talks With Vivendi Over NBC Universal

 
GE Chief Executive Jeffrey Emmelt is in Paris working to accelerate negotiations to acquire Vivendi's minority stake in NBC Universal, according to people familiar with the matter.

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Families Honor Mumbai Victims

 
People whose lives were most intimately affected by Mumbai have tried to create something meaningful out of their grief in the year since the attacks.

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Fed Alters Policy on Directors

 
The Fed revised qualification criteria for regional directors' affiliations in the wake of questions raised about a former NY Fed chairman's ties to Goldman Sachs.

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GM to Keep All German Opel Plants

 
General Motors said it will keep all four German Opel plants open, but that the future of an Opel plant in Antwerp, Belgium is "uncertain" as the company moves to restructure its European operation.

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Afghan Surge Targets Taliban Bastion

 
Military commanders say they will devote most of the 20,000 to 40,000 fresh troops expected from the U.S. to secure Afghanistan's south.

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Hershey Trust Seeks State Blessing to Bid for Cadbury

 
Hershey's philanthropic trust has sought the blessing of the Pennsylvania attorney general for a potential $17-billion bid for Cadbury, according to people familiar with the matter.

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New-Home Sales Climbed in October

 
New-home sales unexpectedly climbed 6.2% in October despite bad weather and uncertainty over a big tax credit for first-time buyers.

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Claims Data Help Futures

 
U.S. stock futures added to their prior gains after reports showed last week's initial jobless claims fell by more than predicted. Tiffany jumped 6.1%.

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Toyota to Fix Pedal on Recalled Cars

 
The auto maker said would fix the gas pedal on four million vehicles it recalled in September over sudden acceleration issues related to floor mats causing the pedal to get stuck.

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Spending, Jobless Data Signal Recovery

 
Consumer spending and incomes rose in October, while initial jobless claims fell under 500,000 last week. Durable-goods orders and a capital spending gauge were lower, signaling recovery will be sluggish.

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Dubai World Seeks Debt Standstill

 
The state-owned company, which has almost $60 billion in liabilities, will seek a six-month "standstill" on its debts with all lenders.

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Deere Posts Loss, Revenue Falls 28%

 
Deere swung to a fourth-quarter loss as it booked $364.8 million in charges largely related to a write-down at its landscapes unit. Revenue slid 28%. The company expects equipment sales to continue falling.

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Tiffany Raises Outlook

 
Tiffany & Co.'s third-quarter earnings fell 1% as lower costs nearly offset sales declines as the upscale jeweler topped analysts' expectations. The company boosted its view for the year.

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Dubai Raises a Further $5 Billion

 
Dubai has raised a further $5 billion through conventional and Islamic bonds, or sukuk, that will meet the emirate's "current needs and obligations", Dubai's Finance Department said.

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U.K. Banks Win Overdraft Ruling

 
Some of the U.K.'s biggest banks will continue to be allowed to set their own prices on charges for customer overdrafts after a surprise verdict by a U.K. court.

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Gold Sets New High

 
Spot gold hit another new record in Asian trade, and its liquidity-driven momentum shows no sign of slowing despite an almost unbroken run since a three-session correction in late October.

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Qatar Projects to Boost Shell

 
Royal Dutch Shell's two huge natural-gas projects in Qatar will increase the company's cash flow by $4 billion a year when they ramp up in 2011 and give a big boost to the company's output.

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Thanksgiving Pie Fights at Mommie Helen's

 
On Thanksgiving, the customers waiting in line for Dorothy Pryor Rose's famous pies can turn hostile. This year, the bakery has hired a security guard to keep the peace -- and deter pastry scalping.

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Time Warner Cable Fights Broadcasters' Fees

 
Time Warner Cable is planning to launch an advertising campaign Thursday to persuade consumers that TV-programming costs are getting too high, as the cable operator squares off with News Corp. and other TV-network owners.

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An Old-School Social Network

 
For 52 years, a group of influential men have met to discuss their hopes and ambitions.

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U.S. Policy on Soldier Suicide Challenged

 
The family of a soldier who killed himself in Baghdad is mounting a lobbying effort to overturn the longstanding policy preventing the president from sending condolence letters to families of troops who have committed suicide.  ...

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Energy Push Spurs Shift in U.S. Science

 
The Obama administration's push to solve the nation's energy problems is spurring a once-in-a-generation shift in U.S. science.

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