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Top Stories from The Wall Street Journal Online
WSJ
Page One
[$$] Grim Milestone as Jobless Rate Tops 10%
The jobless rate jumped to 10.2% in October, the first time above 10% since the early 1980s. A total of 15.7 million Americans are out of work.
[$$] Hash Browns, Then 4 Minutes of Chaos
Victims and witnesses came forward to describe the Fort Hood shootings, as authorities gathered information about alleged assailant Nidal Malik Hasan.
[$$] Hedge-Fund Giant Surfaces in Trading Probe
The widening probe of insider trading on Wall Street is expected to examine transactions at Steven A. Cohen's SAC, one of America's largest and most successful hedge funds.
[$$] Even the Rich Are Treating Their Houses Like Piggy Banks
Traditionally, the super-rich didn't bother with mortgages, but that changed in the boom years -- and it is still going on. Recent big-time borrowers include hedge-fund titans and baseball magnates.
Marketplace
[$$] Boston Scientific to Settle
Boston Scientific will pay $296 million in an agreement with the Justice Department stemming from an investigation into problems with Guidant Corp. defibrillators and a major related recall in 2005.
[$$] GM Advances Opel Restructuring
GM marketing chief Robert Lutz will be installed to head Opel's supervisory board as the U.S. auto maker pursues a restructuring of its European operations.
[$$] AES Sells Stake to China Investment Corp.
AES will sell $1.58 billion in stock to China's sovereign-wealth fund in an effort to raise capital for further international growth.
[$$] Air Canada Swings to Profit
After narrowly averting bankruptcy over the summer, company officials say recovery is a year or more away and have plans for new cost-cutting and revenue-generating initiatives.
Money & Investing
[$$] Some Bankers Cool on Hot Rusal IPO
A $2.5 billion IPO by aluminum firm Rusal will be one of the year's hottest deals. But some banks are cool toward working with its founder, Oleg Deripaska.
[$$] Railroads & Windmills: Berkshire's 'Green' Bets
Buffett's MidAmerican Energy is building windmills and investing in high-tech batteries in one of the biggest pushes by a regulated utility in alternative energy.
[$$] Are ETFs Causing an Emerging-Markets Bubble?
Is the money that investors are pouring into emerging-markets ETFs distorting valuations and pumping up a potentially monstrous bubble?
[$$] Treasury Blocks the Sale of Tax Credits by Fannie
The Treasury blocked Fannie Mae's proposed sale of $3 billion in housing tax credits to Goldman Sachs and Berkshire Hathaway.
Weekend Journal
[$$] Men of Steel
Billionaires, like little boys, have long liked to play with trains. With his latest purchase of Burlington Northern, Warren Buffett is on track to be today's Cornelius Vanderbilt.
[$$] Bluffing at the Highest Levels
A new book on the history of poker finds a card shark in the White House
[$$] Notre Dame Threatens Michigan's All-Time Record
Notre Dame has a chance to surpass Michigan this season as the top program, by winning percentage, in major college-football history.
[$$] Asian Golf Gets Bigger and Bigger
While golf stagnates in the U.S., it continues to boom in Asia. Plus, Dwight Eisenhower is inducted into the World Golf Hall of Fame, and Philadelphia vs. New York in golf.



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