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China Overtakes Germany in GDP
China's statistics bureau said the nation's economy grew even faster in 2007 than previously estimated, a revision that also made the country the world's third-largest national economy in U.S. dollar terms, overtaking Germany.
- Investors Applaud Chinese Lending Growth

What’s News —

Business & Finance

Jobs to Take Leave
Apple CEO Jobs said his health issues are more complex than he thought and plans to take leave until June.
- Cook Is Low-Key, Respected
- Analysis: Walt Mossberg on Jobs's leave
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Bank of America to Get U.S. Aid
The government is close to finalizing a deal that would give billions in additional aid to Bank of America to help it close its acquisition of Merrill.
- Mean Street: Losing Trust in Apple, Citi, America
- Video Analysis: News Shows Need for Disclosure
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Satyam Taps Auditors
Satyam began a search for a new CEO and a new finance chief, as the Indian software firm also named Deloitte and KPMG interim auditors.
- Video: Satyam Fallout
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Microsoft Is Exploring Job Cuts
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China Tax May Weigh on Airlines
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Japan's Machine-Tool Orders Fall

Markets

Asia Stocks Crumble, With Resources Hit
Asian shares crumbled under heavy selling pressure, led by resource and financial stocks. Japan's Nikkei lost 4.9%.
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Deutsche Bank Warns of Deep Loss
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Ruble Devalues for Third Time in Four Days

Asia

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Korea Jobs Data Are Worst in 5 Years
The number of South Koreans with jobs fell by for the first time since October 2003, and economists forecast a further deterioration in the months ahead.
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Swatch Expands in Hong Kong, Macau

China

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China's Exports, Imports Fall Sharply
China's latest trade data showed its exports and imports declined for a second straight month in December, though the steeper drop in imports may give Beijing and other governments the greater cause for concern.
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RBS Unloads Bank of China Stake
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China's Auto Sector Needs Beijing's Help

India

Pakistan Turns Up the Heat on Lashkar
Pakistan arrested leaders and closed the offices of Jamaat-ud-Dawa, the parent of the militant group Lashkar that India blames for the Mumbai terror attacks.
Peaceful Protest Gains in Kashmir Fight
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Indian Multiplexes Bank on 3 Films

Markets

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Asian Stocks: Nikkei Falls 5.6%
Markets tumbled, extending losses as investors sold off shares across sectors on word the bailout deal to aid struggling automakers fell apart in the U.S. The Nikkei closed down 5.6%
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South Korea Again Cuts Interest Rates

Tech

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Corporate Scandal Shakes India
The chairman of one of India's largest tech firms said he concocted financial results, sending shock waves across India and likely prompting investors to question other corporate results as the once-hot economy slows.
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Intel's Net Falls 90% as Sales Slide
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Lenovo Considers Acquisitions

World

In Surge, Israel Gains on Hamas
Israeli airstrikes killed Hamas's security chief, providing a tactical victory for the Jewish state as it moved forces into the territory's urban areas.

U.S.

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.
Democrats Unveil $825 Billion Stimulus Measure
Senate Backs More TARP Funds

Life & Style

China, Clay and Qin Shihuangdi
At Atlanta's High Museum of Art, "The First Emperor: China's Terracotta Army" seeks to enlighten Westerners about one of the greatest leaders of all time.

Opinion

Leadership and Panics
TARP II and other reasons people are scared.
Michael Stokes Paulsen: The Minnesota Recount Was Unconstitutional
Daniel Henninger: Bush and the Libby Pardon

Market Data

* at close Source: Dow Jones, Reuters
Edit Market Preferences

Personal Technology

Latest e-Books on Your Cellphone
Walt Mossberg tests new e-book apps that aim to bring current and popular titles from major publishers to the iPhone and Touch.
- Video: Mossberg on e-Book Software
Inside the Mania for Fashion as Art
How a sedate museum created a home for a sumptuous costume collection.
- Photos: Historic Collection
Papers Move to Outsource Coverage
Tribune is in talks to pay the Washington Post for foreign news while the New York Daily News outsources with a start-up.
- Magazine Ads Evaporated in 2008

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What’s News —

Business & Finance

Editors' Picks

Geithner's Tax History Muddles Confirmation158 comments

In Surge, Israel Gains on Hamas, Hits U.N. Site134 comments

Bank of America to Get Billions in U.S. Aid95 comments

IMF Informed Geithner on Taxes88 comments

Pickens's Windmills Tilt Against Market Realities66 comments

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