WSJ.com: US Business
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Dubai's Woes Shake Region
Persian Gulf bonds tumbled and the cost of insuring against default across the region jumped a day after Dubai said it would ask to postpone debt of Dubai World.
Wall Street Reopens Checkbook
Goldman, J.P. Morgan and others are reopening their checkbooks as M&A picks up. The funding could swing deals for Cadbury and others. The risk: a market downturn.
Truce Opens Door for AIG, Greenberg
AIG said it has agreed to settle all legal disputes with former chairman Hank Greenberg, former CFO Howard Smith and two companies headed by Greenberg.
ING to Raise $11.2 Billion
Dutch Financial Company ING Group NV Friday that has priced its €7.5 billion ($11.2 billion) rights issue at a hefty discount in a move aimed at repaying half the €10 billion state aid it received during the financial crisis.
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.
Glitch Shuts London Trade for Hours
The London Stock Exchange was hit by a technical glitch, forcing it to suspend the trading of U.K. stocks for more than three hours.
Toyota to Fix Pedal on Cars
Toyota said it 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.
IPhone Tries to Crack 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.
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.
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.
GM to Keep All German Opel Plants
GM 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.
Toyota Tries to Shift Gears in China
Toyota sees its sales growth in China slowing next year, but believes that a more-focused strategy, including more models with smaller engines, will provide a boost.
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.
U.S. Shifts on Russia-Backed Pipelines
The U.S. has toned down its criticism of two controversial Russian-backed pipelines, a shift in rhetoric that coincides with strong progress on the high-profile projects in recent months.
Utilities Seek Rate Increases
Utilities across the nation have launched a round of rate-increase requests that would raise bills for millions of consumers in the coming year.
European Banks Face Dubai Exposure
European banks face potential losses on an estimated $40 billion in exposure to Dubai after the city state's largest corporate entity, Dubai World, asked creditors for a six month standstill on debt repayments.
Videogame Sales Sputter
Videogame sales —which were the bright spot in last year's dismal end-of-year shopping season—are exhibiting signs of weakness, foreshadowing a tough holiday.
Corning Seeks Acquisition Targets
Corning is confident revenue in the current fourth quarter will come in at more than $1 billion. It has about $3 billion in cash and is seeking more acquisition targets.
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.
China Seeks Business Deals in Europe
China is beginning to poke around Southeastern Europe for business deals, taking advantage of a capital drought in the region to gain a manufacturing toehold inside the EU.
Rogers Cuts 3% of Staff, Adds to Stake in Rival
Canada's Rogers Communications said it is cutting about 900 positions, mostly mid-level managers, and said it had increased its stake in rival Cogeco Cable.
Tiffany Regains Some Sparkle
Tiffany's third-quarter earnings fell 1% as lower costs nearly offset sales declines. The upscale jeweler boosted its view for the year.
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.
Calpers Paid Advisers After Contract Term
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.
EU Charges TV Tube Manufacturers
The European Commission said it has sent formal antitrust charges to cathode ray tube manufacturers, used in televisions and computers, on suspicion that they operated a cartel.
Daiwa Securities to Boost Asian Investment
Daiwa Securities Group said it will invest $1.15 billion to expand its operations in Asia outside Japan and is looking to hire up to 470 people in the next two to three years.
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.
Hershey Trust Seeks Cadbury-Bid Blessing
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.
Honda Won't Expand Guangzhou JV
Honda Motor this week decided against expanding its manufacturing capacity in Guangzhou, where it runs a joint venture with a local Chinese partner.
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.
