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News from The Wall Street Journal Online
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What's News - US
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| Channel Title: WSJ.com: What's News US
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| Channel Website: http://online.wsj.com
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Channel Description: What's News US
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Channel Copyright: copyright © 2011 Dow Jones & Company, Inc.
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| Dow Jones CEO Resigns Over Scandal |
| Les Hinton became the second major executive casualty of the News Corp. phone hacking scandal, resigning the same day as the company's U.K newspaper CEO Brooks. |
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| Few Banks Fail EU Exams |
| The lenders had a combined shortfall of $3.54 billion in capital under a simulated worst-case economic scenario. Another 16 banks narrowly passed the tests. |
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| Icahn Bid Puts Clorox in Play |
| Activist investor Carl Icahn has moved to put Clorox in play, launching a bid that values the 98-year-old maker of household products at $10.2 billion and pressing the company to seek other possible buyers. |
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| Chevron 'Oops' Reveals Trading Profit |
| A Chevron employee's disclosure of trading profits through an email provides a rare?and unintended?glimpse into the extent of crude-oil and fuel trading activities at a major energy supplier. |
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| Credit Suisse Is 'Target' of Inquiry |
| U.S. prosecutors are ratcheting up the pressure on Credit Suisse Group as part of an escalating tax-evasion probe. |
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| Apple Notches Patent Win Against HTC |
| Apple netted a victory in its legal dispute with HTC, as an International Trade Commission judge ruled the cellphone maker infringed two Apple patents. |
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| Deutsche Börse Wins 82% Backing for NYSE Deal |
| Deutsche Börse said 82.4% of its shares had been tendered in favor of the planned combination with NYSE Euronext, solidifying stockholder approval secured Thursday. |
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| BP Vows Better Gulf Safety |
| BP vowed to exceed the deep water drilling standards prescribed by U.S. authorities, hoping to assure regulators it is ready to return to operations in the Gulf of Mexico. |
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| Citigroup Profit, Expenses Rise |
| The bank said earnings rose 24% in the second quarter, aided by strong growth overseas and falling loan losses, but said rising expenses would remain elevated. |
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| Google, M&A Boost Stocks |
| Stocks advanced, as blowout earnings from Google and a big corporate takeover overshadowed another warning about the U.S.'s credit rating and a depressed reading on consumer sentiment. |
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| Hoover, Dirt Devil Owner Up For Sale |
| TTI Floor Care North America, the owner of the Hoover and Dirt Devil vacuum cleaner brands, has put itself up for sale and is seeking as much as $900 million. |
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| Europe Sets Summit on Greek Debt |
| Euro-zone leaders will convene next Thursday for an emergency summit on the Greek debt crisis. |
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| Consumer Prices Drop as Gasoline Costs Less |
| U.S. inflation fell in June as gasoline prices retreated from early summer highs, but rising costs for a host of items are keeping pressure on households and could complicate any efforts by policy makers to boost the economy. Separately, U.S. industrial output rose less than expected. |
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| IMF Warns on Banks Ahead of Key Tests |
| The International Monetary Fund warned that Europe's banks remain insufficiently funded, a day before officials release details about how well the banks can withstand financial shocks. |
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| Sun Art Delays Trading Debut |
| Sun Art has decided to postpone its Hong Kong trading debut to July 27 from July 15 due to an error in its prospectus. |
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| Markets' Focus to Turn to Spain |
| Investors in sovereign-debt markets will shift their focus from Italy to Spain next week as the uncomfortably high cost of funding keeps debt sales by the euro zone's second-tier countries under scrutiny. |
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| 'Cars 2' Drives Up Mattel's Profit |
| Toy maker Mattel's second-quarter earnings rose 56%, helped by sales of merchandise related to the movie "Cars 2" and favorable foreign-exchange rates. |
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| As Greece Burns, Eurocracy Fiddles |
| The latest divide among countries using the euro is how quickly to set a deal to try resolving Greece's debt crisis, with vulnerable economies fearing that delays risk more contagion and market turmoil. |
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