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LATEST HEADLINES

Stock Losses Mount
On Euro-Zone Worries
Stock indexes in the U.S. fell more than 3% as a surge in Italian bond yields put the spotlight back on euro-zone sovereign-debt issues.
- MarketBeat: VIX Up 31% | Bank Stocks Crushed
- Sovereign Debt Watch

Scandal Ends Paterno's 46-Year Tenure
Joe Paterno has decided to retire as Pennsylvania State University's football coach at the end of the season, in the wake of a child-sex-abuse scandal involving his former longtime assistant coach.
Adobe Drops Flash for Phones
Adobe said it plans to stop development of its Flash player software for mobile devices, an about face and concession to rival Apple in a long-running standards battle.

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Corporate China Spreads Its Wings

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Business & Finance

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Olympus Shares Fall on Delisting Fears
The Tokyo Stock Exchange could start procedures to consider delisting Olympus as soon as next week, a prospect that helped propel a second straight day of mass flight from the company's shares.
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Wal-Mart Seeks Partners for Health-Care Expansion
Wal-Mart Stores says it is aiming to become "the largest provider of primary healthcare services in the nation" and is seeking other companies to help it provide medical care for the new program, which it will market through its giant fleet of stores.
- Health Care Alliances Form
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Penney CEO Taps Apple Talent
In a little over a week as chief executive of J.C. Penney, Ron Johnson, is tapping former Apple colleagues to help shape his new team. Penney is close to bringing on Michael Kramer, now chief executive of Kellwood, as chief operating officer.
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U.K. Issues Record Investor Fine
The U.K.'s Financial Services Authority fined a Dubai-based investor $9.6 million for market abuse, the largest fine ever imposed by the U.K. regulator on an individual.
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Murphy Won't Host Oscars
Eddie Murphy withdrew as the host for the Academy Awards, one day after the producer he would have worked with dropped out, under fire for a gay slur. The high-profile show is now without an emcee or a producer less than four months before the air date.
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GM's Earnings Drop 12%
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Germany to Buy EADS Shares From Daimler
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Imperva Jumps in IPO
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Goldman Selling ICBC Shares
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Macy's Logs Profit Gain
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China Could Ease Lending Curbs
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AIG Offer Gets Strong Response

Europe's Debt Crisis

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Italian Bond Yields Breach Key 7% Level
Yields on Italian bonds soared, rising to the highest levels since the inception of the euro in the latest sign that investors are fast losing faith in the world's third-biggest sovereign-bond market.
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Greece Delays Decision on Leader
Debt Crisis Live Blog

Health & Wellness

Drug Shows Promise in Fighting Obesity
A drug that kills a particular type of fat cell by choking off its blood supply was shown to cause significant weight loss in obese monkeys, in a study that provides provocative support for a new approach to treating obesity.

U.S.

Ohio Voters Reject Public-Union Limits
Voters defeated by a wide margin a law that would have restricted the powers of unions representing teachers, police officers and other public-sector workers.
- Ohio Voters Reject Key Part of Health Law
- Video: The Messsages Sent by Voters on Election Day
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Saudi Arraigned in USS Cole Case
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Cain: No Memory of Accuser

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Sports

Scandal Ends Paterno's 46-Year Penn State Tenure
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Sports
Scandal Ends Paterno's 46-Year Penn State Tenure
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Tech
Two New Ways to Share Information on the Web
In Video Center»
World
Peter Thiel Talks Innovation
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Generation Jobless

Students Pick Easier Majors Despite Less Pay
College students continue to gravitate toward liberal-arts majors despite better pay prospects for those who study engineering, science and math—disciplines deemed too rigorous for many.
- Vote: What college major would you pick today?
- Table: Unemployment by College Majors

World

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China Considers Armed Mekong Patrols
China is considering sending armed police boats down the Mekong River after attacks on Chinese vessels, state-run Xinhua said, potentially opening a new strategic frontier for China in Southeast Asia.
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Iran Accused of Nuclear Aims

The Property Report

The Comeback Trail
The real-estate landscape is strewn with hard-hit developers and investors trying to get back to the top. But for Victor MacFarlane, a former highflier for Calpers, the comeback trail looks especially daunting.
Governments on the Prowl
Time Out for a Willis Tower Sale

Business

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Saab Discusses New Structure
Saab Automobile said it is discussing a new ownership structure with its Chinese investors, trying to save plans of selling the cash-starved company, after former owner General Motors objected to the deal.
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BP Spill Cleanup Winds Down
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Ally Rethinks ResCap Ties

Tech

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Cable TV to Provide Low-Cost Internet Service
Cable-television providers plan to offer low-cost Internet service to families with children eligible for school-lunch programs.
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Olympus Coverup Spooks Investors
Bullets Fly in Holiday Gaming Battle

Markets

Bank Stocks Crushed on Euro Worries
U.S. bank stocks slumped Wednesday as the market turned ruthlessly on Italy, raising fears about the third-largest economy in Europe and its ability to remain current on debt payments.
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Euro Slumps 2%
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Italy Debt Drama Spurs Buying of Disaster Insurance For Euro

Personal Finance

Holiday Shopping: The Cost of Waiting
Discounts on last-minute purchases may be fewer and harder to find this year, experts say.

U.S.

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Ohio Voters Reject Key Part of Health Law
Ohio voters rejected a key component of the federal health-care overhaul, a result that could embolden political candidates planning to campaign on the issue in national elections next year.
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Interim San Francisco Mayor Leads Vote
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Fannie Mae Says It Needs $7.8 Billion More U.S. Aid

World

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Militants Routed in Afghanistan
Between 60 and 70 insurgents were killed after they attacked bases used by NATO and Afghan forces, an Afghan official said.
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Bering Sea Storm Pounds Alaska Coast
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Russia Nears WTO After Georgia Pact

Management

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Olympus Admits to Hiding Losses
Japan's Olympus confessed to a decades-long coverup of huge investment losses, after a third-party committee discovered the arrangement.
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Wall Street to See Smaller Bonuses
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A Chat With Mattel's CEO

Health

Health Toll of Traffic
New research is finding links between tail-pipe exhaust and cognitive development, attention problems and autism.
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Amylin, Lilly End Diabetes-Drug Pact
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An Incentive for Better Bedside Manner

Life & Culture

Love, Loathing and Joe Paterno
As the Penn State football coach announces his departure, students rally for him and outside critics spare little in their condemnation.
Joe Paterno's Retirement Statement
Cranking Up Your Private Pep Rally

Opinion

Why Gingrich Could Win
Herman Cain's prospects were good until this week brought accusatory testimony from a woman who showed up in person, with detail.
Europe's Entitlement Reckoning
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Philip K. Howard: The Public-Union Albatross

AD: Eco-friendly Transit

New York

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City's Homeless Count Tops 40,000
The number of people in New York City's homeless-shelter population exceeded 40,000 last week for the first time, capping a rapid rise in homeless children and families since the spring when the city eliminated a rent subsidy program, according to a report to be released Wednesday.
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Democrats Win Key Races in 2 States
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An Avenue's Shaky Rebirth

Sports

It's a Holly Jolly Football Schedule
Here are three ways you can adjust your holiday schedule to accommodate the Jets-Giants game on Christmas Eve.
NBA Players Reject League Ultimatum
An Appreciation of a Champion

Careers

Is an Ivy League Diploma Worth It?
Fearing massive debt, more students are choosing to enroll at public colleges over elite universities.
Beat the Boss's Pet…or Become One
Make the Most of Holiday Work

Real Estate

Minneapolis Mid-Century Modern
This house in Minneapolis, Minn., is near Lake Calhoun and overlooks a golf course. It features Japanese gardens, as well as vaulted ceilings and slate, marble and wood finishes.
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REITs Outperform Market in October
Real Estate: The Long Road Back

Small Business

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Google Rivals to Pool Unsold Ad Space
Yahoo, Microsoft and AOL announced a partnership that is widely viewed as a bid to counter Google's growing influence in the sale of online ads online.
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Health Law Survives Another Appeal
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Spate of IPOs Imminent

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Market Data Center

* at close
Source: Dow Jones, SIX Telekurs, ICAP plc

MARKET NEWS

How to Read this Chart

High
Current price, up from close
Price at prior day's close
Current price, down from close
Low

Capital

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Why Crises Mount, Persist
In Europe and the U.S., there is no longer any doubt about the severity of the economic threat. Yet the players seem spectacularly unable to act. Why?
Eddie Murphy Quits Oscars a Day After Co-Producer Brett Ratner
Eddie Murphy has quit his post as host of the coming Academy Awards one day after co-producer Brett Ratner withdrew from the telecast.
Why Gingrich Could Win
Herman Cain's prospects were good until this week brought accusatory testimony from a woman who showed up in person, with detail.
Cranking Up Your Private Pep Rally
Even off the sports field, music is used as a secret weapon by professionals whose jobs depend on stretches of intense mental focus or physical poise.
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Ways to Save Web Faves
There are plenty of ways to save websites or lists, but Pinterest and Snip.it display content in a pleasing, easy-to-digest manner that can be shared with others.
- Video: New Ways to Share on the Web

Photos

A Stream of Strategic Shifts
The saga of the U.S. Army's base in the Pech Valley in Afghanistan is a cautionary tale as the U.S. begins drawing down its forces to leave Afghanistan's security in Afghan hands.

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Woman Makes New Claim Against Cain1641 comments

Ohio Voters Reject Public-Union Limits694 comments

Opinion: Why Gingrich Could Win492 comments

Opinion: Public School Teachers Aren't Underpaid479 comments

Generation Jobless: Young Men Suffer Worst as Economy Staggers475 comments