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WSJ.com: What's News US
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What's News US
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Saudis Rebuff Bush on Oil
Bush conceded the current level of Saudi Arabia's oil output isn't the prime factor driving today's oil spike, after the Saudi king rebuffed the president's request for higher oil production. The exchange came as crude-oil futures closed above $126 a barrel for the first time.
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Maguire May Be Forced Out
Robert Maguire III ended his last-ditch effort to buy the company he founded and is on the verge of being forced out as chairman and CEO.
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Tourist Rescued From Quake Rubble
A German tourist was rescued after 114 hours buried in earthquake rubble. Earlier, a powerful aftershock knocked out roads and communications in already-ravaged parts of central China.
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American Axle, UAW in Tentative Deal
American Axle reached a tentative pact with the UAW that could bring to an end a nearly three-month strike that has crimped output at GM.
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Paulson Suggests Worst Is Past
Paulson said the overall picture of U.S. financial markets has steadily improved over the past couple of months despite continuing challenges in the housing market. (Remarks)
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Carlyle to Buy Unit of Booz Allen
Carlyle Group agreed to buy a majority stake in the U.S. government business of Booz Allen for $2.54 billion. Video
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Obama Criticizes McCain, Bush
Obama defended his foreign policy credentials, criticizing Bush and Republican rival McCain over comments the president made in Israel implying that the Democrats would appease terrorists.
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American, FAA Dispute Continues
AMR and the FAA are at odds over a safety-compliance issue that stranded travelers in April. Separately, FAA-proposed rules could strip carriers of some slots at New York airports.
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Consumers Are Downbeat on Economy
Consumer sentiment about the economy hit a 28-year low, while housing starts jumped 8.2% in April on gains in the multifamily category.
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MetroFi Considers Sale
MetroFi is exploring a sale and pulling out of the nine cities in which it operates wireless networks. MetroFi's exit makes it the second major Wi-Fi provider to drop municipal projects this past week.
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Cyclone Toll 78,000, Likely to Rise
Questions are emerging about who will pay for the reconstruction of Myanmar. The death toll rose to nearly 78,000, state media said. Damage to farms threatens the rice harvest and could result in food shortages.
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Dodd Optimistic About Housing Deal
Dodd said he was cautiously optimistic lawmakers could finalize a housing rescue package by next week. The bill would allow the FHA to expand its insurance program to help homeowners refinance into federally backed loans.
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Amputee Can Race for Olympic Slot
Double-amputee sprinter Oscar Pistorius will be allowed to compete for a place in the Beijing Olympics after a ruling by the Court of Arbitration for Sport Friday. The ruling overturns a ban imposed by the International Association of Athletics Federations.
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Stocks Slip as Oil Soars
The Dow industrials fell six points and other indexes were flat, as crude prices leapt to trade around $127 a barrel, boosting oil-related shares, and consumer confidence fell to lows not seen since 1980.
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Motorola's Strategy Chief Resigns
Motorola's chief strategy and technology officer resigned, the latest personnel change under CEO Brown.
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More Calls to Split Exxon Top Posts
Shareholder adviser Proxy Governance became the third to urge Exxon Mobil to separate the positions of chairman and chief executive. Rex Tillerson currently holds both titles.
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Peltz Stake in Starbucks Boosts Shares
Nelson Peltz disclosed his investment arm has a stake in Starbucks, putting more pressure on CEO Schultz. Starbucks gained 6.1% Friday.
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GE Makes It Official on Appliances
GE announced it is reviewing options for its appliance unit, as expected. The unit could be valued at between $5 billion and $8 billion.
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Winemaker Robert Mondavi Dies
California winemaking patriarch Robert Mondavi has died at his home. He was 94.
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