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Breaking News

The NBER has determined that the U.S. economy is in a recession that began in December 2007.
Pilgrim's Pride files for Chapter 11 bankruptcy protection, citing high feed-ingredient costs and weak demand.

LATEST HEADLINES

Obama Picks Clinton, Retains Gates
The president-elect chose former rival Clinton as secretary of state, and said Gates would remain as defense secretary, making Bush's Pentagon chief his own as he seeks to wind down the U.S. role in Iraq. (Remarks)

India Seeks Action From Pakistan
India demanded that Pakistan take "strong action" on the Mumbai attacks, while Rice said the U.S. expects Pakistan's cooperation.
Retiree Havens Turn
Younger to Combat Bust
The stalled housing market is spurring "active adult" developments to debate scrapping the age restrictions that have helped define their way of life.

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New Data Slam Stocks
Birmingham Mayor Arrested
States Forecast Budget Gaps
OPEC Weighs New Production Cut
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What’s News —

Business & Finance

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Ford Weighs Selling Volvo
Ford may sell its Volvo unit, as it re-evaluates its options for the Swedish auto maker while Detroit auto makers continue to burn through cash. (Statement)
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Holiday Shopping Starts Strong
Retailers had a better-than expected Black Friday, with consumers spending an estimated 7.2% more this year. But momentum ebbed on Saturday.
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Redstone Sells Control of Midway to Ease Debt
Sumner Redstone has sold his controlling stake in Midway Games, a move that represents a hefty tax benefit as he works to ease debt.
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Delta to Seek Changes in Boeing Orders
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Sweden's Path Can Guide Cleanup
Finance Chiefs Face New Pressures

U.S.

Air Force Braces for Tighter Budget
The Air Force's top officer warned of cuts due to the mounting tab for the financial crisis.
Democrats' Test: Keep Party in Sync
U.S. Rethinks Roles of Fannie, Freddie
Jobs Picture Looks Dim

World

Moscow Points Way With Airport Rivalry
A heated battle for passengers between the Russian capital's main airports offers an unlikely model of competition for the aviation industry.
Iran Open to Wider Talks

Sports

USC: Best Team, Not the Most Deserving
Why the Trojans, despite their tremendous defense, face a higher standard than other BCS contenders.

Quick Hits

Editors' Picks

World

Thais Look to Courts, Royal Family
With Thailand's government stymied by the political crisis paralyzing the country, many Thais are hoping that two powerful institutions might be able to end the stalemate.
Suicide Bomber Kills 10 in Afghanistan
Latvian Agents Detain a Gloomy Economist

Business

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GM Races to Craft Plan
GM management, racing to craft a plan to show Congress, is confronted with a board that wants to reserve Chapter 11 as an option.
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Tudor Halts Redemptions in Largest Fund
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J&J to Buy Implant Maker

Business sponsored by Verizon Wireless

Markets

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Tumult Blurs Stock Categories
As stock prices have tumbled and market values have shrunk, many large-capitalization stocks are now midcaps or even small-caps.
Morgan Blitzes Into Banking
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Citigroup Selling Japanese Unit

Tech

FCC Head Pushes Free Web Plan
Outgoing FCC Chairman Kevin Martin is pushing for action in December on a plan to offer free, pornography-free wireless Internet service to all Americans.
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Global Chip Sales Slipped in October
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UnitedHealth Stakes Out Role Online

Tech sponsored by AMD. The Future is Fusion

Personal Finance

Save Your Nest Egg, Hold On to Stocks
Instead of cutting back your stockholdings, which Uncle Sam already has done for you, consider other ways to shore up your retirement.
Market Strategies for the Very Brave
Aim to Save Next Year

Life & Style

Comedy Gets Serious
In American comedy's latest evolution, comics are becoming more serious and policy-oriented.
Book Lover: Still on the Shelf
Practice, Practice

AD: WSJwine – Discover better wine.

Sports

Buying Baseball Cards Sight Unseen
The odd phenomenon of sports collectors purchasing packets – even boxes – of cards they never intend on opening.
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Premiere Wins Soccer Rights
Still Running After All These Years

Opinion

India Doesn't Need New Antiterror Laws
Political grandstanding won't smooth a broken system.
Egypt's Jew Haters Deserve Ostracism in the West
America's Other Auto Industry

Careers

Broker-Training Programs Cut
Training programs for brokers are falling victim to the corporate budget ax, cutting off a source of new talent for financial firms.
Tips for Women in a Male World
Even Lawyers Get Outsourced

Real Estate

Lower Mortgage Rates Are Not the Answer
The government's latest plan to to buy mortgage-backed assets won't get housing out of its slump, writes columnist June Fletcher. In the long run, it's falling home prices that will likely do the trick.
Marrakech Hotel on Market
For Football Fiends

Small Business

Switching Off Standby Mode
The standby mode on appliances is silently drawing energy from the grid. Now, Spanish entrepreneurs claim to have invented a way to end the problem.
Web Sites Offer Options for Jobless
Border Retailers Court Mexicans

Opinion

Deepak Blames America
The media look within to explain the sick delusions of the Mumbai killers.
What Do You Do Now?
There are steps that bruised investors can take to soften the blow of losses and prepare for the months ahead.
- Podcast: Adjust Your Portfolio | Quiz
Book Lover: Still on the Shelf
Cynthia Crossen's self-imposed challenge this week was to save money by reading a book that she owns but has never read.
- Discuss: Do you own books you've never read?
Air Canada Learns Fuel Self-Reliance
Unable to secure adequate supplies of jet fuel, Air Canada is building its own infrastructure to store and transport the fuel, in an effort to bolster its capacity.

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Quick Hits

Editors' Picks

Rubin, Under Fire, Defends His Role at Citi161 comments

USC: The Best Team, Not the Most Deserving36 comments

Showdown Looms Over 'Card Check' Union Drives26 comments

Seeking a Presidential Pardon? Try Praising the Right to Bear Arms24 comments

GM, Its Board Race to Craft a Convincing Viability Plan21 comments

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