Wall Street Journal News
The Editor on April 21st, 2008
Treasury to Outline Fan-Fred Plan
The Treasury is expected to announce early Sunday afternoon details of a plan under which regulators will effectively take temporary control over Fannie Mae and Freddie Mac.Controversial Bhutto Widower Wins Pakistan's Presidency
Asif Ali Zardari won the presidency of Pakistan, continuing the country's shift from military rule.Rock Slide in Cairo Kills 24
Massive boulders crashed down on a shantytown on the outskirts of Cairo, Egyptian authorities said.McCain, Obama Split on Social Security
McCain and Obama offered very different visions for solving Social Security's financial problems in appearances before AARP. McCain said he is open to private accounts, while Obama remains deeply opposed.Ike Strengthens, Raises Fears
Hurricane Ike grew to fierce Category 4 strength as it roared on an uncertain path that forced millions from the Caribbean to Florida, and Louisiana to Mexico, to nervously wonder where it would eventually strike.In Speech on Russia, Cheney Talks Tough
The vice president issued blunt criticisms of Russia at a security conference, and called for Western unity in meeting its challenges.Boeing Union Walks Out on Strike
Boeing machinists walked out on strike Saturday after the union was unable to reach an agreement with company officials during last-minute negotiations on a new contract.Rice Meets With U.S. Allies in Africa
The U.S. secretary of state called for closer anti-terrorism coordination with the North African leaders.Nuclear Group Backs U.S.-India Deal
The international body overseeing trade in nuclear materials approved a controversial, U.S.-sponsored nuclear trade agreement with India.Regulators Shutter Silver State Bank
Silver State became the latest in a series of bank failures and one that could ripple through the presidential campaign. Until recently, one of Sen. McCain's sons was on the committee responsible for overseeing the company's financial condition.Nomura Considers Lehman Stake
Japan's biggest brokerage, Nomura Holdings, is considering investing some of its recently raised capital in Lehman Brothers.FAA to Get High Marks in Report
An independent review team is expected to laud the FAA's approach to ensuring airline safety, a big boost for an agency criticized after a string of oversight lapses.AIG's Greenberg Faces Fine
Maurice R. "Hank" Greenberg could be fined at least $100 million as part of a settlement under negotiation with the New York Attorney General's office over a long-running civil-fraud case.Exits Rattle Hedge Funds
Key investors of hedge funds are demanding their money back, prompting hedge-fund managers to sell securities to raise cash.Ford: Small Cars Can Be Profitable
Ford is expressing new confidence about its ability to sell new small cars at a profit in the U.S. market as it plans to launch the Ford Fiesta compact in 2010.Bush to Unveil Iraq Troop Decision
Bush will announce his decision on future troop levels in Iraq next week and is expected to largely follow military leaders' advice to cut up to 8,000 forces by mid-January.Jobless Rate Tops 6%
The jobless rate hit 6.1% last month, the highest in nearly five years, deepening political debate over whether a second stimulus package is needed.Foreclosures Increase Again
The rate of U.S. home mortgages overdue or in foreclosure surged again in the second quarter, a survey found.Stocks Climb, but Anxiety Remains
The Dow industrials gained 32.73 points to end at 11220.96 but was left down 2.8% on the week as investors grow increasingly concerned about the health of the broader economy.Subscribe to this blog's RSS feed
Business News
The Editor on April 21st, 2008
