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Wall Street Journal

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Latest Wall Street Journal Financial News

Micron Technology announced Mark Durcan had been appointed chief executive replacing Steven Appleton, who was killed Friday when the small plane he was piloting crashed.

Ford Motor dealers made an average profit of $642,000 last year as lower incentives, newer vehicles and consumer desire for in-car entertainment features boosted the purchase price for new vehicles.

Action film "Chronicle," about three teenagers who gain superpowers, grossed $22 million at the weekend box office, putting it in the top position.

China has banned airlines from participating in the EU's Emissions Trading Scheme, the latest move in a series of protests by Chinese officials in recent weeks over the controversial European policy.

Qantas Airways said that it risks losing its coveted investment-grade credit rating if it has to continue relying on borrowings to fund its fleet renewal program.

KT Corp's Net Profit Rises :: Sun 05th Feb 2012

KT Corp. said fourth-quarter net profit rose 13% on year largely due to gains from asset sales, but operating profit fell by nearly 20% on a decline in phone charges.

Banks' Offices Shrink :: Sun 05th Feb 2012

Wall Street firms have begun to quietly jettison office space in a sign that repercussions from the recent contraction in the financial-services industry will be felt in the city for several years.

Private-equity firm TPG said Monday it has secured about 4 billion yuan ($634 million) so far as it continues to raise capital for China investments.

A Glencore-Xstrata merger would create a true rival to global mining heavyweights like Vale, Rio Tinto and BHP Billiton, as well as put pressure on midsize players to either team up or grow through acquisitions.

The Wrong End of Lawsuits :: Sun 05th Feb 2012

Law firms are finding they increasingly are landing on the wrong end of lawsuits, getting sued by clients or facing claims of employment discrimination and firm mismanagement.

PepsiCo, Coke to Update Investors :: Sun 05th Feb 2012

PepsiCo and Coca-Cola likely will show solid profit growth when they share their 2011 results this week, but this year could be tougher.

TPG Raises 4 Billion Yuan :: Sun 05th Feb 2012

Private-equity firm TPG said it has secured about 4 billion yuan (US$634 million) so far as it continues to raise capital for China investments.

Used-Car Prices Climb :: Sun 05th Feb 2012

The average prices of used cars are on track to rise 1.8% in 2012, with much of that increase expected in the second half of the year. It will mark the third-consecutive year that prices—already running at or near record highs—have risen.

New York Fashion Week Takes Shape :: Sun 05th Feb 2012

New York Fashion Week, which begins Thursday, is looking like one of the busiest and most upbeat the city has seen in recent years.

Casino Presses Ahead in Florida :: Sun 05th Feb 2012

Las Vegas Sands and Malaysia's Genting are regrouping after a bill to authorize three casinos in Miami-Dade and Broward Counties stalled last week in the state legislature.

Animator Looks to Break Through :: Sun 05th Feb 2012

Disney and John Lasseter hope to boost the U.S. box-office punch of Studio Ghibli, the Japanese company behind 'Spirited Away' and other award-winning movies, with "The Secret World of Arrietty," based on "The Borrowers."

Foreclosure Deal Gets Closer :: Sun 05th Feb 2012

Federal and state officials aim to wrap up this week a multibillion-dollar agreement with five major banks to settle probes of alleged foreclosure abuses.

The French government and two state-controlled entities are in the home stretch to create a new municipal lender from the remains of troubled Franco-Belgian bank Dexia SA, but they have yet to agree on the price of a key asset, the fate of hundreds of employees, and the exact missions of the future company.

Stats on Corn Called Flaky :: Sun 05th Feb 2012

Farmers and analysts are expressing fresh skepticism about Agriculture Department data on the corn market in the wake of the latest figures, which stunned traders and sent prices on another wild ride.

State-run entities that expanded over the past decade to provide affordable homeowners insurance in hurricane-threatened Florida are in danger of becoming so big they threaten to wreak havoc on the local economy.

A deal with a German meteorology institute to sponsor a weather system backfired on BMW's Mini brand, after the "Cooper" cold front brought arctic temperatures, icy winds and dozens of deaths to much of Europe.

A financial turnaround at Las Vegas Sands Corp. is beginning to pay off for chairman and CEO Sheldon Adelson, who during the financial crisis put $1 billion of his own money into the struggling casino operator.

The auto maker is expected to report net income of more than $8 billion for last year and has set its sights on a once-unthinkable goal: making more than $10 billion a year.

Bumi investors sought the removal of Co-Chairman Nat Rothschild, with an eye toward reducing debt and expanding Indonesian coal-mining operations.

Airline Teams Endure Hiccups :: Sun 05th Feb 2012

India's Kingfisher Airlines shelved plans to join Oneworld, the second loss to the global marketing alliance in a week. The move capped a tough period for the alliances that have come to dominate the industry.

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