WALL STREET JOURNAL - Latest News - BoA buying U.S. Trust for $3.3B

WALL STREET JOURNAL - Latest News - BoA buying U.S. Trust for $3.3B 

Deal creates a new leader in the lucrative wealth management industry. The purchase vaults the giant consumer bank to the top tier of private banks, creating a new leader in the increasingly lucrative business of managing rich people's money, the Wall Street Journal said.

Want world peace? Support free trade. 
Everyone knows that a key to the Democrats' big electoral win was their opposition to the Iraq war. But also, as the Wall Street Journal reported recently, "Democrats' stances against free trade helped build the party's success at the polls and could tip the balance on trade matters. The new dynamic could put a definitive end to the already troubled effort to reach a global agreement to reduce

Heads Must Roll Says Yahoo VP 
A senior Yahoo! Inc vice president called for huge layoffs, for some managers to be fired, in an internal memo leaked to the Wall Street Journal over the weekend.

AT&T Won't Bend Further To Get FCC Approval of BLS Deal 
Mick Weinstein submits: Excerpt from our Wall Street Breakfast, a one-page summary of this morning's key market-moving and stock-moving stories: AT&T Unlikely to Budge With FCC on Merger Deal [Wall Street Journal ] Summary: AT&T expects FCC approval of its $80 billion BellSouth takeover by the end of the year without further concessions, according to AT&T senior vice [... ]

U.S., EU seek to ease banking-privacy concerns 
U.S. and European Union officials are quietly exploring ways to preserve a U.S. program to allay privacy concerns as European privacy watchdogs continue to criticize the program that monitors global bank-transfer data, The Wall Street Journal reported on Tuesday.

IBM, Sun Lead the Pack in Q3 Server Sales 
Eli Hoffmann submits: Excerpt from our Wall Street Breakfast, a one-page summary of this morning's key market-moving and stock-moving stories: IBM, Sun Set Server-Sales Growth Pace [Wall Street Journal ] Summary: IBM and Sun Microsystems had strong increases in server sales for Q3, according to industry statistics released yesterday.

Siemens fraud probe reportedly widens; shares nudge lower 
LONDON (MarketWatch) -- A criminal probe into alleged fraud at Siemens AG is widening, according to a media report Wednesday.

WALL STREET JOURNAL - Latest News - Penguins Get Best of Bond at Box Office

WALL STREET JOURNAL - Latest News - Penguins Get Best of Bond at Box Office

Penguins got the best of James Bond, as "Happy Feet" topped "Casino Royale" to take the top spot at the weekend box office, earning $42.3 million in its debut.

FDA Approves Silicone Breast Implants
The FDA approved a revamped type of silicone breast implant, nearly 15 years after banning the devices for use in cosmetic surgery. The approval will accelerate a push into aesthetic medicine by Allergan and Mentor, which face the task of overcoming a long history of safety concerns.

Visitors Decry U.S. Entry Process
The U.S. offers foreign travelers the world's worst experience in obtaining a visa and entering the country, a new survey shows.

Restatement Blame: Basic Mistakes
Public companies continue to restate financial results at a record pace, and the SEC blames basic accounting mistakes.

Nintendo Launches New Game Console
More than a thousand fans lined up in Times Square for the launch of Nintendo's entry into the holiday season's field of competing video game consoles, the cheap but innovative Wii.

Prosecutors Indict KEB, Lone Star Group
Prosecutors indicted Korea Exchange Bank and a special-purpose vehicle created by Lone Star Funds, KEB's largest shareholder, on stock-manipulation charges involving the bank's credit-card unit.

WALL STREET JOURNAL - Latest News - Deadline for Putnam Final Bids Nears

WALL STREET JOURNAL - Latest News - Deadline for Putnam Final Bids Nears

Putnam Investments' auction moves into late stages with offers due from three bidders this week.

AT&T Unlikely to Budge on Merger Deal
AT&T expects to get approval of its $80 billion takeover of BellSouth from the Federal Communications Commission by the end of the year without having to make further concessions, said AT&T Senior Vice President Chris Rooney.

Researchers Regrow Chick Embryo's Wing
Researchers said they regrew the wing of a chicken embryo in an experiment that suggests other vertebrates, including humans, may also have the ability to regenerate limbs.

Syrian Diplomat Calls for U.S. Timetable
Syria's foreign minister said the U.S. should set a timetable for withdrawal from Iraq and offered Baghdad support against militants. More than 100 people were killed, and a deputy minister was kidnapped. (Complete coverage)