WSJ.com: What's News US

Euro Zone Wants Greek Austerity Vote

Thu, 09 Feb 2012 19:07:17 EST

Euro-zone finance ministers demanded the austerity measures pass the Greek parliament before they would finally to sign off on a new bailout deal.

Stocks Close Higher Again

Thu, 09 Feb 2012 18:03:45 EST

Shares drifted up as investors took stock of a Greek refinancing deal and continued improvement in the U.S. labor market.

Lehman Sues Citi for $2.5 Billion

Thu, 09 Feb 2012 14:25:50 EST

Lehman Brothers is suing Citigroup in an effort to recover $2.5 billion transferred to Citi in the months before Lehman's September 2008 bankruptcy filing.

NY Fed Got $3.2 Billion From AIG Bond Sale

Thu, 09 Feb 2012 18:59:55 EST

The Federal Reserve Bank of New York received $3.2 billion from the sale of mortgage bonds it acquired in the 2008 bailout of AIG.

LinkedIn Profit Jumps 30%

Thu, 09 Feb 2012 18:10:51 EST

LinkedIn's profit jumped 30% and its revenue more than doubled, providing a lift to the young social-networking industry ahead of Facebook's IPO later this year.

Ford Shakes Up Executive Ranks

Thu, 09 Feb 2012 14:30:25 EST

Ford said finance chief Lewis Booth and Derrick Kuzak, chief of global product development, would retire April 1, ending the tenure of two important architects of the car maker's turnaround.

USDA Raises Corn Export Outlook

Thu, 09 Feb 2012 16:56:54 EST

Dry weather in South America is putting renewed pressure on U.S. corn supplies, raising the specter inventories could again run low.

NRC Clears Reactor for Southern Co.

Thu, 09 Feb 2012 18:37:34 EST

Southern Co.'s application for the first new U.S. nuclear reactor in decades received the blessing of the Nuclear Regulatory Commission on Thursday. The agency's chairman was the lone dissenter.

Jobless Claims Fall Again

Thu, 09 Feb 2012 17:43:43 EST

Idled U.S. workers filed a smaller number of new jobless benefit claims last week, an unexpected decrease that gave further indication the jobs market is improving.

Oracle to Extend Cloud Reach

Thu, 09 Feb 2012 17:44:03 EST

Oracle agreed to acquire online-software maker Taleo for $1.9 billion, in the latest sign that the software industry's old guard is embracing a newer model.

New Sony Chief: No Area Is 'Sacred'

Thu, 09 Feb 2012 12:08:08 EST

Sony's incoming CEO said restructuring will continue at the Japanese electronics giant, and insisted he is prepared to make "hard decisions."

PepsiCo Cuts Work Force

Thu, 09 Feb 2012 18:00:34 EST

PepsiCo plans to spend up to $600 million more on marketing this year to improve sales in North America and will lay off about 3% of its global work force to pay for it as part of a much-anticipated strategic overhaul.

Treasury Explores Exit From Bank Bailouts

Thu, 09 Feb 2012 18:05:16 EST

The Treasury Department is weighing the sale of stakes it owns in hundreds of smaller banks, potentially accelerating the government's exit from the financial-system rescue and the Troubled Asset Relief Program.

Scripps Profit Rises

Thu, 09 Feb 2012 15:29:46 EST

Scripps Networks Interactive said fourth-quarter profit edged up 3.4%. The operator of cable channels including HGTV and Food Network reported double-digit growth in advertising revenue and stronger affiliate-fee revenue.