Europe News Edition - Wall Street Journal

OPEC Sets Deep Cut
As Oil Prices Slide
OPEC will cut crude production by a record 2.2 million barrels a day, but the cartel's announcement failed to stop oil prices from dropping to their lowest level in four years.

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Regulators Deal BAA Another Blow
British regulators said BAA should be required to sell three of its seven U.K. airports to improve competition.
- Heard on the Street: Ferrovial's BAA Blues

Fed Cuts Rates Near Zero
The Fed cut its target interest rate to historic lows and said it could expand lending and securities purchase programs as it seeks to use every option to lift the U.S. out of recession.
- Parsing the Fed: How the Statement Changed
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Euro-Zone Economy Keeps Slowing
The euro-zone economy is continuing to slow as 2008 draws to a close, with fresh data showing that the contraction in manufacturing and services is deepening.
- Russian Industrial Output Plunged
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Auto, Tech Stocks Rise in Europe
European stocks finished up Tuesday, with the auto sector shrugging off dismal European new car sales on hopes that a bailout for U.S. auto makers may be announced as early as Wednesday.
LVMH Cancels Tokyo Flagship Store
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Disney Plans Russian TV Venture
Arcelor Fined in Price-Fixing Case

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On Euro's 10th Birthday, No Music
The euro's 10th birthday is Jan. 1, and financial markets are suggesting the start of a troubled second decade for the currency.
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Letter From the City:
U.K. Energy Awakening
In a sign of how Britain's political orthodoxy has changed after the partial nationalization of the banking industry, the government appears to have its sights on the energy sector.

More Beer, Less Wine
Europeans are supposed to sip wine in sidewalk cafés, not guzzle beer like American college students. But Europe's relationship with alcohol is changing.
Viola's Unusual Visions of the Routine

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Irish Banking Bailout
The Irish government's offer to invest up to $13.65 billion in the nation's banks comes late in the day. But with the details of the bailout still sketchy, it's hard to say if it's better late than never.
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China's Coming Consolidation Wave

Explosives Defused in Paris Store
A group demanding that France withdraw its troops from Afghanistan claimed it planted explosives found at a major Paris department store.
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On Euro's 10th Birthday, No Music
In Surge, Israel Gains on Hamas

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Misreading the Kremlin Costs BP
BP assumed that a deal with Gazprom was a Russian oil jackpot, but what followed was a series of miscalculations that has left BP's position in Russia shakier.
OPEC Eyes Cut of 2 Million Barrels
Iraqi Doctor Convicted of U.K. Bomb Plot

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Auto, Tech Stocks Rise in Europe
European stocks finished up Tuesday, with the auto sector shrugging off dismal European new car sales on hopes that a bailout for U.S. auto makers may be announced as early as Wednesday.
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EDF Beats Out Buffett in Energy Deal
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The Truth About Satyam

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No Relief Seen for Chip Makers in '09
Experts expect a sharp decline in revenue for chip makers next year, with negative implications for both employment and capital spending.
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Intel's Net Falls 90% as Sales Slide

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Auto, Tech Stocks Rise in Europe
European stocks finished up Tuesday, with the auto sector shrugging off dismal European new car sales on hopes that a bailout for U.S. auto makers may be announced as early as Wednesday.
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European Car Market Slumps 26%
LVMH Cancels Tokyo Flagship Store

Plane Crashes in Hudson River
A US Airways Group jetliner carrying about 150 people crashed into the Hudson River on after hitting a flock of birds. All passengers were safely evacuated.

Auctions Feature Children's Classics
Auctions of children's books and illustrations include "Winnie the Pooh," drawings by Beatrix Potter, a first edition with colored plates of J.R.R. Tolkien's "The Hobbit" and a stamp case by Lewis Carroll.
Inside the Mania for Fashion as Art

* at close Source: Dow Jones, Reuters
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Who Are the Best CEOs of 2008?
In a year when so many CEOs failed, who managed to do well? We asked some management heavyweights for their picks.
- Discuss: Who are the best CEOs of 2008?
Images from a Life of Silence
"James Castle: A Retrospective," an exhibit at the Philadelphia Museum of Art, is an impeccably selected show with works that place him among the giants of modern draftsmanship.
- Photos: Works by James Castle
When Your Laptop Is a Pain in the Neck
If you use a laptop for hours at a stretch, you're setting yourself up for muscle problems. Simple ways to make a laptop more ergonomic.
Squeezing Value from Miles
You can get much more value out of your frequent-flier miles by getting out of coach. Scott McCartney on the upgrade strategy.
- Podcast | Middle Seat Terminal blog
How to Refresh a Stale Networking Circle
Ways to jump start a network that's out-of-date and to rebuild rapport with former friends and colleagues.