http://online.wsj.com/public/us The latest news from the Wall Street Journal Roosster RSS Generator Copyright (c) 2004 roosster.com Tue, 16 Mar 2010 06:23:16 GMT 30 http://www.roosster.com/nr/l/6749680/SpaceX+Rocket+to+Carry+Loral+Satellite Breakthrough deal could give startup SpaceX a lift if its first major commercial satellite launch is a success. Tue, 16 Mar 2010 05:55:45 GMT http://www.roosster.com/nr/l/6749680/SpaceX+Rocket+to+Carry+Loral+Satellite http://www.roosster.com/nr/l/6749484/Bet+on+a+Fallen+'King' Sony and the estate of singer Michael Jackson signed a recording deal valued at as much as $250 million for 10 albums over seven years, including previously unreleased songs and new packages of familiar ones. Tue, 16 Mar 2010 05:25:34 GMT http://www.roosster.com/nr/l/6749484/Bet+on+a+Fallen+'King' http://www.roosster.com/nr/l/6749482/Lehman+Whistle+Blower's+Fate+Fired Lehman Brothers ousted whistle-blower Matthew Lee in 2008 just weeks after he raised red flags about the securities firm's accounting. At the time, Lehman said it was part of a downsizing. Tue, 16 Mar 2010 05:23:32 GMT http://www.roosster.com/nr/l/6749482/Lehman+Whistle+Blower's+Fate+Fired http://www.roosster.com/nr/l/6749679/Asian+Shares+Mostly+Higher Asian shares were mostly higher Tuesday as gains in China's market bolstered sentiment. The Nikkei fell 0.2%. Tue, 16 Mar 2010 04:50:07 GMT http://www.roosster.com/nr/l/6749679/Asian+Shares+Mostly+Higher http://www.roosster.com/nr/l/6749481/Google+Exit+Would+Benefit+Microsoft If Google decides to close the door on its Chinese search engine, it might open a door for rival Microsoft, whose Bing service has made little headway in China. Tue, 16 Mar 2010 04:04:39 GMT http://www.roosster.com/nr/l/6749481/Google+Exit+Would+Benefit+Microsoft http://www.roosster.com/nr/l/6749480/China+Pledges+Stable+Yuan China said it plans to keep its foreign trade policies, including the yuan exchange rate, stable. Tue, 16 Mar 2010 03:44:08 GMT http://www.roosster.com/nr/l/6749480/China+Pledges+Stable+Yuan http://www.roosster.com/nr/l/6749479/Donation+Bites+Yale+Back An official in charge of winding down BearingPoint is suing Yale to recover $6 million the consulting firm paid to endow a chair in management and name facilities at the university. Tue, 16 Mar 2010 01:42:03 GMT http://www.roosster.com/nr/l/6749479/Donation+Bites+Yale+Back http://www.roosster.com/nr/l/6749483/Pioneering+Fund+Stages+Second+Act The founder of Renaissance Technologies is banking on two long-time lieutenants to keep up stellar returns, despite struggles at two of its funds. Tue, 16 Mar 2010 00:31:24 GMT http://www.roosster.com/nr/l/6749483/Pioneering+Fund+Stages+Second+Act http://www.roosster.com/nr/l/6748900/Broadband+Plan+Faces+Hurdles Federal regulators detailed a $20 billion, 10-year plan to ensure all U.S. households access to high-speed Internet service, but the proposal faces hurdles. Mon, 15 Mar 2010 23:14:06 GMT http://www.roosster.com/nr/l/6748900/Broadband+Plan+Faces+Hurdles http://www.roosster.com/nr/l/6748902/AIG+Risks+Paying+Twice+Wh+Kept+in+Bonuses The insurance company, which withheld $21 million in bonuses from a group of former employees, risks paying out double that amount if it is found liable for violating applicable wage laws. Mon, 15 Mar 2010 23:08:30 GMT http://www.roosster.com/nr/l/6748902/AIG+Risks+Paying+Twice+Wh+Kept+in+Bonuses http://www.roosster.com/nr/l/6748901/Guilty+Plea+in+PIPE+Fraud+Case A former McGuireWoods lawyer pleaded guilty to criminal charges for improperly giving himself a "head start" in seven securities transactions. Mon, 15 Mar 2010 22:43:21 GMT http://www.roosster.com/nr/l/6748901/Guilty+Plea+in+PIPE+Fraud+Case http://www.roosster.com/nr/l/6748513/Boeing+Airbus+Brace+for+New+Competition Airbus and Boeing have long split the market for big passenger jets, but smaller rivals such as Bombardier and Embraer could start to erode that dominance. Mon, 15 Mar 2010 21:24:19 GMT http://www.roosster.com/nr/l/6748513/Boeing+Airbus+Brace+for+New+Competition http://www.roosster.com/nr/l/6748512/Wal+Mart+to+Add+Money+Centers Wal-Mart plans to expand the number of its stores offering bank-like services by 50% this year. Mon, 15 Mar 2010 21:11:57 GMT http://www.roosster.com/nr/l/6748512/Wal+Mart+to+Add+Money+Centers http://www.roosster.com/nr/l/6748285/Ex+President+of+Small+Business+Bank+Charged+Fraud The allegations are one of the first publicly announced cases of fraud against TARP. "Personal greed ahead of his professional duties," alleges prosecutors. Mon, 15 Mar 2010 20:21:38 GMT http://www.roosster.com/nr/l/6748285/Ex+President+of+Small+Business+Bank+Charged+Fraud http://www.roosster.com/nr/l/6748286/U.K+Examines+Lehman+Repo+Accounting The U.K.'s Financial Reporting Council, the regulator for accounting and auditing, said it had started looking at how Lehman Brothers repo transactions were accounted for and audited in the U.K. Mon, 15 Mar 2010 19:35:23 GMT http://www.roosster.com/nr/l/6748286/U.K+Examines+Lehman+Repo+Accounting http://www.roosster.com/nr/l/6748287/Rio+Tinto+Chinalco+Discuss+Guinea+Mine Rio Tinto and Aluminum Corp. of China are in advanced talks to jointly develop the Simandou iron-ore project in the West African nation of Guinea. Mon, 15 Mar 2010 19:34:49 GMT http://www.roosster.com/nr/l/6748287/Rio+Tinto+Chinalco+Discuss+Guinea+Mine http://www.roosster.com/nr/l/6748043/Dodd+Bill+Takes+Aim+Banks A new Democratic Senate bill to tame the financial markets would give the government new powers to break up firms that threaten the economy and would force the industry to pay for its failures. Mon, 15 Mar 2010 19:11:00 GMT http://www.roosster.com/nr/l/6748043/Dodd+Bill+Takes+Aim+Banks http://www.roosster.com/nr/l/6747810/Bausch+Taps+Two+New+Leaders The maker of eye-care products named two former Schering-Plough executives to succeed Gerald Ostrov, who is retiring as chairman and chief executive. Mon, 15 Mar 2010 17:30:44 GMT http://www.roosster.com/nr/l/6747810/Bausch+Taps+Two+New+Leaders http://www.roosster.com/nr/l/6747345/Continental+to+Charge+for+Food Continental said it will begin charging for in-flight meals in coach class on many North American flights this fall. Mon, 15 Mar 2010 16:19:14 GMT http://www.roosster.com/nr/l/6747345/Continental+to+Charge+for+Food http://www.roosster.com/nr/l/6747342/Brown+Calls+BA+Strike+'Unjustified' The British prime minister said a planned strike by British Airways cabin crew is "deplorable" and should be called off. Mon, 15 Mar 2010 16:01:57 GMT http://www.roosster.com/nr/l/6747342/Brown+Calls+BA+Strike+'Unjustified' http://www.roosster.com/nr/l/6747344/Weather+Crimps+Industrial+Output U.S. industries reduced manufacturing output in February because of severe weather, while overall production totals inched ahead slightly. Mon, 15 Mar 2010 15:57:51 GMT http://www.roosster.com/nr/l/6747344/Weather+Crimps+Industrial+Output http://www.roosster.com/nr/l/6747347/Health+Fight+Targets+Waverers For Obama's health-care overhaul to pass, Democratic leaders must win over lawmakers who voted against the overhaul before, and several pitfalls await. Mon, 15 Mar 2010 15:50:53 GMT http://www.roosster.com/nr/l/6747347/Health+Fight+Targets+Waverers http://www.roosster.com/nr/l/6747343/China+Kept+Selling+U.S+Debt+in+January China, the largest foreign holder of U.S. Treasurys, sold a net $5.8 billion of the government's debt in January on top of more than $34 billion in December. It also continued shifting its holdings into longer-term paper. Mon, 15 Mar 2010 15:30:29 GMT http://www.roosster.com/nr/l/6747343/China+Kept+Selling+U.S+Debt+in+January http://www.roosster.com/nr/l/6747346/OSI+Rejects+Astellas+Bid OSI Pharmaceuticals rejected Japan drugmaker Astellas Pharma's $3.5 billion takeover bid, saying the $52-a-share price is too low. Mon, 15 Mar 2010 15:01:45 GMT http://www.roosster.com/nr/l/6747346/OSI+Rejects+Astellas+Bid http://www.roosster.com/nr/l/6746692/BYD+Plans+to+Boost+Car+Output Chinese battery and car maker BYD plans to boost capital spending by 59% in 2010 to expand its automobile production amid robust domestic demand. Mon, 15 Mar 2010 14:23:40 GMT http://www.roosster.com/nr/l/6746692/BYD+Plans+to+Boost+Car+Output http://www.roosster.com/nr/l/6746694/Energy+Stocks+Google+Weak U.S. stocks opened lower, led by the energy sector as oil futures slipped. Google's losses came as it appears increasingly likely to shutter its Chinese-language search engine. Mon, 15 Mar 2010 14:22:23 GMT http://www.roosster.com/nr/l/6746694/Energy+Stocks+Google+Weak http://www.roosster.com/nr/l/6746697/Boston+Scientific+Halts+Sales+of+Device Boston Scientific said it stopped shipment and is retrieving inventory of all its implantable cardioverter defibrillators, or ICDs. Mon, 15 Mar 2010 14:17:38 GMT http://www.roosster.com/nr/l/6746697/Boston+Scientific+Halts+Sales+of+Device http://www.roosster.com/nr/l/6746441/Consol+to+Buy+Dominion's+Gas+Assets Consol Energy will pay $3.48 billion to acquire the Appalachian exploration-and-production business of Dominion Resources in a move to diversify away from coal. Mon, 15 Mar 2010 13:26:05 GMT http://www.roosster.com/nr/l/6746441/Consol+to+Buy+Dominion's+Gas+Assets http://www.roosster.com/nr/l/6746693/Test+on+Prius+Is+Inconclusive U.S investigators said they can't yet explain what happened to the Toyota Prius that was involved in a dramatic incident on a California highway last week. Mon, 15 Mar 2010 13:06:26 GMT http://www.roosster.com/nr/l/6746693/Test+on+Prius+Is+Inconclusive http://www.roosster.com/nr/l/6746440/Euro+Zone+Employment+Falls The number of people in work across Europe dropped in 2009 for the first time in the 14-year history of the statistic, and could fall again this year if the fragile economic recovery fails to gain strength. Mon, 15 Mar 2010 13:01:19 GMT http://www.roosster.com/nr/l/6746440/Euro+Zone+Employment+Falls http://www.roosster.com/nr/l/6746695/Moody's+Warning+Boosts+Dollar A warning from Moody's of the risk to the top credit ratings of the U.S., U.K., France and Germany depressed market sentiment, lifting the dollar and yen as investors turned to safe havens. Mon, 15 Mar 2010 12:59:04 GMT http://www.roosster.com/nr/l/6746695/Moody's+Warning+Boosts+Dollar http://www.roosster.com/nr/l/6746696/PepsiCo+Plans+Billion+Buyback PepsiCo said it will buy back up to $15 billion shares of its common stock through June 2013 and also plans to boost its annual dividend by 7%. Mon, 15 Mar 2010 12:25:22 GMT http://www.roosster.com/nr/l/6746696/PepsiCo+Plans+Billion+Buyback http://www.roosster.com/nr/l/6746229/Phillips+to+Buy+Tommy+Hilfiger Retail apparel giant Phillips-Van Heusen agreed to acquire clothing company Tommy Hilfiger for about $3 billion, a deal PVH said would immediately add to earnings. Mon, 15 Mar 2010 12:04:25 GMT http://www.roosster.com/nr/l/6746229/Phillips+to+Buy+Tommy+Hilfiger http://www.roosster.com/nr/l/6746230/China+Altered+Its+Budget+Accounting China's finance ministry changed the accounting for some government spending this year in a way that allowed it to report a planned budget deficit below 3% of GDP. Mon, 15 Mar 2010 12:01:14 GMT http://www.roosster.com/nr/l/6746230/China+Altered+Its+Budget+Accounting http://www.roosster.com/nr/l/6746074/French+Connection+Pares+Down Fashion retail chain French Connection further slimmed down by selling the Nicole Farhi brand and said it is closing most of its U.S. stores. Mon, 15 Mar 2010 11:16:35 GMT http://www.roosster.com/nr/l/6746074/French+Connection+Pares+Down http://www.roosster.com/nr/l/6746228/India+Inflation+Surges Inflation in India accelerated to a whisker away from a double-digit rate in February on rising food prices, increasing the likelihood that the central bank will hike interest rates at its next monetary policy meeting in April. Mon, 15 Mar 2010 10:40:29 GMT http://www.roosster.com/nr/l/6746228/India+Inflation+Surges http://www.roosster.com/nr/l/6746227/Liberty+Seals+Leaseback+Detail U.K. luxury brand Liberty said it has sealed a $63.01 million sale and lease-back deal on its flagship central London department store to clear its debt. Mon, 15 Mar 2010 10:17:36 GMT http://www.roosster.com/nr/l/6746227/Liberty+Seals+Leaseback+Detail http://www.roosster.com/nr/l/6745701/UBS+Sees+Turnaround+in+ UBS's top management said it was confident of turning around its business to achieve its medium-term profit target as the Swiss bank's business revamp was boosted by a solid start to 2010. Mon, 15 Mar 2010 07:48:20 GMT http://www.roosster.com/nr/l/6745701/UBS+Sees+Turnaround+in+ http://www.roosster.com/nr/l/6745700/Japan+Ups+Economy+Assessment Japan's government raised its assessment of the economy for the first time in eight months in March, but emphasized that the risk of prolonged deflation still lingers. Mon, 15 Mar 2010 07:42:27 GMT http://www.roosster.com/nr/l/6745700/Japan+Ups+Economy+Assessment http://www.roosster.com/nr/l/6745141/Wachovia+in+Talks+Over+Alleged+Drug+Money+Laundering The Wells Fargo unit is in talks with the Justice Department to settle U.S. allegations that a failure in bank controls enabled Mexican exchange houses to launder drug money, according to people familiar with the situation. Mon, 15 Mar 2010 04:06:00 GMT http://www.roosster.com/nr/l/6745141/Wachovia+in+Talks+Over+Alleged+Drug+Money+Laundering http://www.roosster.com/nr/l/6745142/Squaring+Off+on+U.S+Schools President Obama's proposed rewrite of the "No Child Left Behind" law kicks off what is sure to be months of debate over how to recalibrate the federal government's role in public schools. Mon, 15 Mar 2010 03:14:44 GMT http://www.roosster.com/nr/l/6745142/Squaring+Off+on+U.S+Schools http://www.roosster.com/nr/l/6746076/Violence+in+Mexico+Touches+U.S+Citizens Drug-related violence erupted this weekend in several parts of Mexico, claiming both American and Mexican lives and undermining the efforts of both countries' governments to quell an escalating war among the region's powerful drug cartels. Mon, 15 Mar 2010 03:02:17 GMT http://www.roosster.com/nr/l/6746076/Violence+in+Mexico+Touches+U.S+Citizens http://www.roosster.com/nr/l/6744771/Exporters+Nudge+Japan+Up Asian stock markets were mostly higher Monday, but gains were modest as investors searched for fresh catalysts, with export stocks helping push the Nikkei up 0.3%. Mon, 15 Mar 2010 02:01:02 GMT http://www.roosster.com/nr/l/6744771/Exporters+Nudge+Japan+Up http://www.roosster.com/nr/l/6744612/Loan+Squeeze+Thwarts+Small+Business+Revival The travails of two Michigan companies illustrate the tough choices their community bank must make. Mon, 15 Mar 2010 01:13:49 GMT http://www.roosster.com/nr/l/6744612/Loan+Squeeze+Thwarts+Small+Business+Revival http://www.roosster.com/nr/l/6744610/Tommy+Hilfiger+Sale+Nears Phillips-Van Heusen is close to a deal to buy Tommy Hilfiger from Apax Partners for about $3 billion. Mon, 15 Mar 2010 00:59:57 GMT http://www.roosster.com/nr/l/6744610/Tommy+Hilfiger+Sale+Nears http://www.roosster.com/nr/l/6744611/Price+Gap+Spices+Sugar+Fight The battle over U.S. sugar quotas is flaring once more as the gap between domestic and much-lower global prices reaches its widest level in at least a decade. Mon, 15 Mar 2010 00:58:08 GMT http://www.roosster.com/nr/l/6744611/Price+Gap+Spices+Sugar+Fight http://www.roosster.com/nr/l/6744425/Lawyers+Vie+for+Lead+in+Toyota+Suits Lawyers across the U.S. are jockeying for key roles in the litigation against Toyota, hoping to emerge as leaders from the scrum of those who have filed hundreds of lawsuits. Mon, 15 Mar 2010 00:15:38 GMT http://www.roosster.com/nr/l/6744425/Lawyers+Vie+for+Lead+in+Toyota+Suits http://www.roosster.com/nr/l/6746075/FDA+Scrutinizes+Third+Party+Reviews Medical-equipment makers can pay companies to do the reviews, but the agency is weighing whether to end the outsourcing program. Mon, 15 Mar 2010 00:14:10 GMT http://www.roosster.com/nr/l/6746075/FDA+Scrutinizes+Third+Party+Reviews http://www.roosster.com/nr/l/6744424/Financial+Rules+Battle+Looms The political battle over rewriting the rules of Wall Street resumes Monday as Senate Banking Committee Chairman Christopher Dodd plans to introduce legislation that is tougher on financial companies than was expected just a few weeks ago. Sun, 14 Mar 2010 23:54:31 GMT http://www.roosster.com/nr/l/6744424/Financial+Rules+Battle+Looms http://www.roosster.com/nr/l/6744250/Airlines+Fight+Cost+of+Safety+Measure The central issue dividing the airline industry and Congressional leaders: a proposal headed for a Senate vote as early as this week that calls for airlines to spend their own money to equip planes with upgraded navigation systems. Sun, 14 Mar 2010 23:16:23 GMT http://www.roosster.com/nr/l/6744250/Airlines+Fight+Cost+of+Safety+Measure