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ASIA markets and ECONOMIES
China banks again face pressure to lift capital
Publicly listed commercial banks are now rushing to refinance. Will holders push back? (Caixin Online)
• China think-tank tips first-half inflation at 5.3%
• China government-loan audits differ (Caixin)
• Japan’s debt crisis moves in slow motion
• Australia's McKibbin: World must tighten policy
• China's 'A-shares' fall broadly in first half
• BYD rallies in Shenzhen debut
• Hyundai Motor zooms ahead (WSJ.com)
IPO REPORT
IPO action
picks up in Q2
The second quarter was another hot time for initial offerings: firms raised more than double the year-earlier amount
• Zynga expectations give boost to EA shares
• Who wins in Zynga IPO? Clique of rich guys
• Greece passes $112 billion austerity plan
• Lloyds cutting 15,000 jobs, plans to save $2.4B
• Callebaut revenue up 1.6%, volume up 7.3%
• Birmingham soccer owner arrested: reports
• Dollar slips vs. euro | Headwinds for AUD
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
• Oil futures gain as dollar weakens
Media
Journalistic mashup
British journalist Johann Hari has won a number of plaudits. But a key member of the blogosphere caught him in a fib and he's less than fully apologetic, MarketWatch's Kim Hjelmgaard reports.
U.S.
Obama challenges Republicans on tax hikes
Tax breaks for the wealthy, energy firms and others should be scrapped shrink deficit, president says.
• Obama on civil rights for same-sex couples
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
• Court rules in favor of Obama health reform
• S&P 500 tops 1,300 | Stocks to watch
• Airlines rev up demand for aircraft services
• Goldman Sachs to cut 230 New York City jobs
• Pending home sales gain 8.2% in May
• Banks abandon reverse-mortgage business
• Execs more guarded about outlook: survey
TODAY'S TOP INVESTING IDEAS
Four stocks for Japan's recovery
In the near term, pessimism over Japan may be overdone, and there are growth opportunities, says Jeff Reeves.
• Some gold bugs say storm has passed
• Powell: Banks ditch reverse-mortgages
• Jaffe: ETF warning is meaningless
Latest News
-
/news/latest
German DAX 30 index up 0.3% at 7,313.27
French CAC 40 index up 0.4% at 3,941.01
U.K. FTSE 100 index up 0.3% at 5,875.16
Stoxx Europe 600 index up 0.2% to 270.23
S&P/ASX 200 index closes up 1.7% at 4,608.00
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Commentary »
- Next: Peter Brimelow
- Next: Chuck Jaffe
- Next: Robert Powell
- Next: Jeff Reeves
- Next: Lisa Twaronite's This Week in Japan
- Next: Jon Friedman's Media Web
- Next: Andrea Coombes' Ways and Means
- Next: Jennifer Waters' Consumer Confidential
- Next: Brett Arends' ROI
- Next: Matthew Lynn's London Eye
- Next: Mark Hulbert
- Next: Todd Harrison
Inside MarketWatch »
europe Markets and Corporate
Greece asked to do more
European Central Bank council member Nowotny sees requirements beyond austerity plan.
• U.K. government backs News Corp BskyB deal
• Debenhams half-to-date comparable sales up
• John Wood: trading in line with expectations
• Barry Callebaut revenue, volume up
INTERNET
Myspace sold, Justin Timberlake joins in
News Corp. will retain a small stake in social-media site after fire sale to ad-targeting company. Also, recording artist and actor Justin Timberlake (left) will reportedly have a role in the firm.
• How to win friends and influence on Twitter
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
• China's Twitter, Sina Weibo, hit by virus
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
• Bill Mann: Social media and the Vancouver riots
• Oracle expert $2.6 billion in damages by Google
• FTC to Senate: Time for online do-not-track law
health care
FDA votes down Avastin
An advisory panel for the regulator decides to pull approval for Genentech drug to treat breast cancer.
• Roche wins broader Avastin EU label
Financials
• Debit swipe-fee rules not as strict as expected
• Visa, MasterCard soar on debit-card rule
• EBay shares rise on news of debit-card ruling
• New rules for swaps: Disclose material info
• B. of A. sets aside extra $5.5 billion
deals, on and off
London, TMX call it off
London exchange ends M&A agreement with TMX Group on lack of shareholder support. (WSJ.com)
• BJ’s Wholesale going private
• BJ's bought for $2.8 billion
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
Personal Finance »
Taxwatch
Is your child a tax cheat?
If relatives overseas have opened accounts in your child's name, you may be required to report that money on your child's U.S. tax return.
REAL ESTATE
How to keep your home cool — and your bills under control
It’s expected to be a scorcher of a summer in some parts of the country. But, Amy Hoak reports, that doesn’t have to mean exorbitant power bills.
• School in Washington, D.C. is now home
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
TRAVEL
Air travel's July 4 pickup
Fireworks won’t be the only things in flight this Independence Day — the public is taking to the air.
• Airlines are yukking it up at 30,000 feet
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
• Not all fees irritate, just the baggage one
Video »
Nook vs. Kindle: The beach test
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
The iPad is great for many things, but its screen
is difficult to read in the sun. Katie Boehret tests both the Kindle and the Nook and gives digits her report on which one fared better at the shore.
• E-readers selling faster than tablets
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
How Federer fell at Wimbledon
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
Roger Federer had been 178-0 when holding a two-set lead in a Grand Slam tournament. But six-time Wimbledon champion was eliminated.
HomeAway hits home run
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
Vacation-rental-services company's jump from
IPO price. Find out how travel companies are
giving the company some competition.
Slowdown in corporate India
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
Indian firms face a slowdown in capital raising due to high cost of debt and a volatile domestic market.
• Asia Today: Concerns over China's railways
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
Investors get Facebook fever
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
Tiny GSV Capital made what seemed a modest investment Monday: plunking down $6.6 million to purchase private shares in Facebook. Response from investors was anything but subdued.
• Why Wall Street has a thing for LinkedIn
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
• Microsoft brings Office to the cloud
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
Meredith Whitney says beware
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
Analyst Meredith Whitney predicts a dire summer for the muni market come July 1. Here's why Whitney's very specific claims could backfire.
• Whitney's gone Harold Camping (First Take)
MarketWatch Radio »
Sansoterra: We've heard
all the bad stuff already
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/audio/audio.png)
All of the bad news is already out — on European debt, housing, unemployment and inflation —
says portfolio manager at RidgeWorth.
Pension-plan planning
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/audio/audio.png)
Jennifer Kushinka finds even workers with pension plans in need of some management guidance.
It’s a tough decision between BMW’s legendary 3-series cars and the smaller models in the newer 1-series, but Ron Amadon explains why he’d buy a 135i.
• Prius gets a slightly bigger brother (WSJ.com)
Rebuilding Japan »
Reconstruction moves at an uneven pace in the Japanese beach town of Shichigahama as survivors pick up the pieces and await details on funding for the government’s reconstruction plan.
• Slide show: Scenes from Japan’s disaster zone
Taxes »
The IRS makes unusual midyear change to deductible-mileage rate.
• Some tax cheats work at the IRS
• Avoid a nasty tax surprise on 401(k) loans | What to do if you owe
• Get a tax break on your next vacation | 2011 Tax Guide
• 7 ways to persuade IRS you're right | Tax changes to watch for
• Tax credits you don't want to miss | Deductions with big payouts
Retirement »
Don't let these fees eat up your savings, writes Robert Powell.
• Many of us won't retire until our 80s | Target-date tactics change
• Curing Medicare's ills, and yours | Don't let fear ruin retirement
• How to protect your 401(k) when you leave your job
• 401(k)s grow but savers worry | In the public sector? Save more
• The Future of Retirement: Special Report | Boost after-tax income
Jobs »
Fathers may take advantage of workplace flexibility policies, but they tend to keep quiet about it. Some say they should speak up.
• Your well-paid, middle-class job is in danger
• Top 10 cities in the U.S. to find a job: Monster
• More pay tied to performance | Burned out at work? Tips to cope
• Freelancers face unique challenges | Class of '11: Take a job
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/audio/audio.png)
Niagara Falls, N.Y., has the lowest-cost housing in the U.S., a realty company survey finds. Where else can you find big bargains?
• Most expensive cities | Affordable, expensive markets
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
Food and Wine — and China »
A coalition of 22 boutique wineries is trying new approaches, including a wine bar in Hong Kong, to gain share in a Chinese market traditionally dominated by high-end French vintages.
• Swiss chocolate makers target China, home of the salty snack
• Wine Watch by Matt Andrejczak | MarketWatch Topics: Wines
Personal Finance »
If you booked your summer trip a few months ago and prices have since dropped, your airline may pay you the difference.
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
In the age of computer hackers, a low-tech scam still thrives: check fraud. If you are job hunting or buying stuff online, you may be at risk.
• Citi's credit-card breach won't be the last
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
• Preying on inflation fears
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
• Why you shouldn't retire
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
• Best places to stash cash
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
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Whether you have a skimpy dental-insurance plan or are uninsured, there are a growing number of options to save costs on dental care.
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
Famed chef Rick Bayless offers grilling tips, and a tour of the outdoor kitchen in the back yard of his Chicago home.
• Buying a home? There are apps for that
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
• Kitchen designs that make home cooking fun
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
• Dream kitchen on a budget
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
• Homes that help you take aging in stride
![](https://webarchive.library.unt.edu/web/20110630083339im_/http://i.marketwatch.com/_newsimages/icon/video/video.png)
Peter Brimelow
Wall Street Irregulars