Business News, Finance News, World, Political & Sports News from The Wall Street Journal

Pelosi, Reid to Press for Auto-Industry Aid
Pelosi and Reid sent a letter to Paulson urging him to assist the Big Three auto makers by considering broadening the $700 billion TARP to help the troubled industry. (Letter)
- Deal Journal: Will Obama Bail Out Detroit?
- Econ: Treasury Secretary Speculation Heats Up

China Announces
$586 Billion Stimulus
China's government announced a two-year stimulus plan that could exceed a half trillion dollars to offset the impact of slowing global growth and unlock the spending power of its vast population.
Study: Statins Cut Risks for Those
Without High Cholesterol Levels
Cholesterol drug Crestor sharply lowered risk of heart attacks among apparently healthy patients in a major study that challenges long-standing heart-disease prevention strategies and could substantially broaden the market for statins.
- Headphones Tied to Heart Device Problems

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GM, Ford Post Losses as Liquidity Worsens
GM and Ford posted steep losses in their core operations and together burned through $14.6 billion in cash in the third quarter, raising the possibility Washington may have to step in to finance a downsizing of the auto industry.
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As Auto Giants Stall, Porsche Sees Windfall
Porsche's profit soared, boosted by sophisticated financial instruments connected to its takeover bid for VW.
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Taiwan's Central Bank Cuts Rates
Taiwan's central bank lowered its key rates by a quarter of a percentage point Sunday, its fourth rate reduction since late September.
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Economy Sheds Jobs
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Berkshire Net Income Falls 77%
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Gulf Energy Output Remains Hobbled

Thailand's Thaksin Looks for a New Base
A fugitive in Thailand and barred from returning to his temporary home in London after Britain withdrew his visa, deposed Thai prime minister Thaksin Shinawatra is now looking for a new base from which to combat his critics.
Indonesia Executes Bali Bombers
Pakistani Airstrikes Pound Tribal Region

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AT&T Buys Cell Provider Centennial
AT&T agreed to acquire Centennial Communications for about $944 million as it moves to improve wireless coverage for customers in certain rural areas.
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Regulators Seize Two More Banks
BP Withdraws From Carbon Project

SEC Clears Enforcement Chief
The SEC won't take disciplinary action against its enforcement chief, whose performance was criticized in a report by the agency's inspector general.
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Trump Files Suit Against Lenders
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Online School Poised to End IPO Drought

Silicon Valley Drowning in Underwater Stock Options
Employees at scores of companies, including Yahoo and Google, are holding stock options, the right to buy shares at a preset price, that have been rendered virtually worthless because those companies' shares have fallen below the exercise prices.
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Ballmer Rules Out New Yahoo Bid
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Sprint Squeezed as Customers Flee

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Tribune May Retain Half of Cubs
Tribune may end up holding 50% or more of the Chicago Cubs baseball franchise as the credit crunch stalled sales talks.
18 Holes in 45 Minutes
Profiling Paralympic Heroes

Time to Ace Your Performance Review
Employers commonly trim their ranks when the economy turns sour. Now is the time to start preparing for your end-of-year review.
Women Entrepreneurs Get Global Help
Financial Crisis Bodes Ill for M.B.A. Programs

Pricing Penthouses
Penthouses offer breathtaking skyline views and often provide more privacy and space than units on lower levels. Here are three on the market.
Outgrown Your House? How to Make Room
Obama Slept Here

SBA-Backed Loans Dry Up
A substantial decline in SBA lending is fueling criticism that the government isn't doing enough to help small businesses in dire need of cash.
Shoppers Turn to Consignment Stores
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Tough Call: Selling Your Business