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LATEST HEADLINES

Democrats Dissent
On Bush Tax Cuts
Two more Senate Democrats called for extending tax cuts for all earners—including those with the highest incomes—in what appears to be a breakdown of the party's consensus.
- Vote: Should tax cuts be extended for all?
- More from Washington Wire

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Bernanke Faces Lawmakers Again
Bernanke reiterated in congressional testimony that he is prepared to take further action to support the economy if the outlook deteriorates, but indicated reluctance to do so.
- Testimony Highlights: Bernanke on the Hill
- Central Bank Watch
Robust Earnings Boost Stocks
Stocks surged as investors were encouraged by strong corporate earnings and European economic data, helping them shrug off a weak jobless claims report.
- Euro-Zone Private Sector Expands
- More from the MarketBeat blog
- Data: Overview | Treasurys | Forex | Crude

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Paulson Plans New Fund in Europe
Clinton Lauds Vietnam Relationship

What’s News —

Business & Finance

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GM to Buy AmeriCredit
GM plans to acquire auto-finance company AmeriCredit in a $3.5 billion deal aimed at increasing availability of auto loans and leases.
Consumer Agency Battle Looms
The fight over who will head the new Bureau of Consumer Financial Protection heated up this week as liberal groups insisted the White House give the job to Elizabeth Warren of Harvard Law School.
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Home Resales Fall; Jobless Claims Rise
Existing home sales fell 5.1%. Separately, initial jobless claims rose last week by more than expected, reversing declines posted the prior week.
- Unemployment Extension: Faces of Affected
- Americans Are Increasingly Insecure
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Caterpillar's Profit Jumps
Caterpillar's profit nearly doubled as the heavy-equipment maker's revenue rose 31%.
- See the latest earnings news
- Machinery Production Grows in Asia
Oil Firms Plan Spill Response
Four of the world's largest oil companies are creating a strike force to stanch oil spills in the deep waters of the Gulf of Mexico in a billion-dollar bid to regain the confidence of the White House after BP's Deepwater Horizon disaster.
- Experts Ask Why BP Delayed Cap
- Drill Ban Hits Services Firms
- Graphic: Gusher in the Gulf | Full Coverage
- Moratorium Hits Gulf
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BofA to Sell Warburg Fund Stakes
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China May Publish New Yuan Rates
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UPS Profit Surges
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FDA Issues Hold on Avandia Study
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Philip Morris Profit Jumps
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Hershey Profit Drops 34%
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3M Profit Jumps as Sales Rebound

Tech

Smartphone Woes Hurt Nokia
Nokia's net profit fell as the world's largest mobile-phone maker struggled to compete with rivals in the premium smartphone segment. Its embattled CEO said speculation about his future was hurting the company.
- Nokia Siemens Alliance Frays
- More from the Digits blog
- Mobile Tech Watch
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AT&T; Earnings Rise 26%
How Two Galaxy Phones Stack Up
Apple Looks to Small Businesses

World & U.S.

Petraeus Sharpens Afghan Strategy
Gen. Petraeus plans to ramp up the military's troop-intensive strategy in Afghanistan, which has focused too much attention on hunting down Taliban leaders.
- News Hub: Petraeus Sharpens Afghan Strategy
Methane Spike Preceded Mine Blast
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Court Rules Kosovo Independence Legal
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Violence Continues in Yemen
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No Charges in London G-20 Death

Politics

White House Travels for Stimulus
Obama and top officials are stepping up the pace of their travel to promote the economic stimulus package to skeptical voters—particularly in states with close mid-term election contests in the fall.
- Readers React: 'Trying to sell the failed program'
- Economists, Investors Debate Austerity
Rove: Friendly Fire on the Hill
Ousted Worker Gets White House 'Sorry'

Fashion

Padded Panties Boosted by Curvy Stars
A fascination with the hind-quarters of celebrities like Beyoncé and Kim Kardashian is fueling a booming market for undergarments that amplify the derrière.
How Green Is My Sneaker?

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Straightforward answers to commonly asked questions about investing, retirement, and more.
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Tech

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Angel Investors Get Backers of Their Own
Some Silicon Valley venture capitalists are putting money into funds run by angel investors to back start-ups in their earliest stages.
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Nokia Siemens
Alliance Frays
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Xerox Profit Jumps 62%

Personal Finance

Congress Overhauls Your Portfolio
Overlooked amid the thousands of pages that comprise the Dodd-Frank bill are major changes affecting mutual funds, retirement plans, single-stock investments and other holdings.
SEC Moves to Limit Fund-Marketing Fees
Survey Reveals Investor Paradox

Life & Style

Fixes for Your Computer From Afar
Fixing a home computer can be annoyance. Now, a host of repair services say they solve computer woes by connecting virtually to your machine.
Sumo Fans Shrug Off a Scandal
Modernity in Monterrey

Sports

English Football's Formula for Success
With the new season just over three weeks away, some of the Premier League's biggest clubs have settled on a ground-breaking strategy to improve their teams—buying English players.
ESPN Ombudsman Slams LeBron Show
Age, Cyclists Catch Armstrong

World

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Iran Says Scientist Spied on U.S.
A news agency affiliated with Iran's Revolutionary Guard Corps reported that Shahram Amiri had been working in the U.S. as an Iranian spy.
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Deadly Battles Threaten Yemen Truce
Senator Says Aid to Haiti Is at Risk

Opinion

Fred Barnes: The Vast Left-Wing Media Conspiracy
Everyone knew most of the press corps was hoping for Obama in 2008. Newly released emails show that hundreds of them were actively working to promote him.
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Henninger: The Liberal Dilemma
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Son of Cap and Tax

New York

Girl's Rape, Murder Puts Focus on Holy Land U.S.A.
One week after the murder of a 16-year-old girl, residents of Waterbury, Conn. are looking warily at the crime's setting: Holy Land U.S.A., a park built by a devout Catholic in the 1950s.
Budget Rentals Under Fire
Casinos Welcome Christie Plan

U.S.

Probe: China Didn't Investigate Heparin
A congressional probe says China didn't pursue an investigation into contaminated heparin sent to the U.S. in 2007 and 2008, despite suggestions from U.S. officials that it did.
U.S. Plans New North Korea Sanctions
Blagojevich Won't Take Stand

Business

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Bristol-Myers Net Falls
Drug maker Bristol-Myers Squibb said its sales were up slightly but profit was down 5.7%.
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Ford Scuttles Debt Deal as Overhaul Chills Market
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Motorola's Suit Poses Challenge for Huawei's Success

Markets

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Demand for Treasurys Wanes
Treasury prices fell, pushing the benchmark 10-year note's yield up from a 15-month low, as demand for safe assets eased.
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Oil Futures Tick Higher
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Strong Data Boost Euro

Careers

Five Mistakes Online Job Hunters Make
Maintaining an online presence is critical in a tight job market. Done right, it can be an important tool in getting hired. Done wrong, it can easily knock you out of the running for most positions.
Improving the Odds For Changing Jobs
New Roles for Lawyers

Real Estate

Overlooking Tampa Bay
The owners updated this 1950s home in St. Petersburg, Fla., opening up views to Tampa Bay with French doors and adding on bedrooms and bathrooms.
Awful Real-Estate Listing Photos: How Not to Take Them
Zandi on Housing: 'Stop Subsidizing Housing Industry with Tax Deductions'

Small Business

Collateral Damage in Lending
Many small businesses seeking loans are being asked for alternative collateral, often in the form of cash, because property and equipment has fallen in value.
Lights Out Means Lost Sales
Résumé Overload? A Shortcut to Spot Best Hires

Editors' Picks

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Opinion

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The Liberal Dilemma
The Democratic Party's capture by public unions and professional politicians is strangling much of liberalism's agenda.
- Video | Podcast
Bill Would Make Half of All Cars Electric By 2030
Legislation approved by a Senate energy committee could result in half the cars on the road being electric-powered by 2030.
The Vast Left-Wing Media Conspiracy
Everyone knew most of the press corps was hoping for Obama in 2008. Newly released emails show that hundreds of them were actively working to promote him.
Elizabeth Warren Is Best Pick for Reform
The biggest job to be created by the Dodd-Frank Financial Wall Street Reform and Consumer Protection Act already has created controversy about who should get it.
- Video: Elizabeth Warren Talks TARP, Consumer Protection
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Older Lawyers Resist Forced Retirement
Older attorneys are fighting back against policies at many law firms designed to encourage older partners to retire.