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Wall Street Journal – News U.S.

  1. Obama Unveils Infrastructure Plan - Obama unveiled a new $50 billion proposal to improve the nation's highways, airports and railways – the latest attempt by the administration to jump-start the sputtering economy.
  2. Barclays to Tap Diamond as CEO - Barclays is expected to name its president and investment-banking chief, Robert E. Diamond, as chief executive, succeeding current boss John Varley.
  3. Oil Tycoon: PWC Caved to Kremlin - Defense lawyers for jailed Russian tycoon Mikhail Khodorkovsky are turning their legal guns on one of their client's former allies: auditor PricewaterhouseCoopers.
  4. Stress Tests Missed Debt at EU Lenders - Europe's recent "stress tests" of the strength of major banks understated some lenders' holdings of potentially risky government debt, Wall Street Journal analysis shows.
  5. Bankruptcy Court Is Battleground for Traders - Traders in the beaten-down bonds and loans of troubled companies have turned bankruptcy court, which was created as a place for ailing firms to heal, into a venue for large investors to apply their sophisticated techniques in quest of profits.
  6. Hurd's Move Would Boost H-P/Oracle Rivalry - Mark Hurd's potential move to a top executive job at Oracle would heighten the rivalry between the software company and Hewlett-Packard, the technology giant he ran until departing amid a scandal last month.
  7. Hon Hai Looks to China's Interior - Hon Hai is investing in China's hinterland, as the electronics titan bets that the country can retain its role as the world's factory floor for decades.
  8. Where's the Appetite for Risk? - From stocks to bonds to commodities, the question is when investors will want to take on more risk. Was last week's run-up, the Dow Industrials' best pre-Labor Day week in two decades, the start of a fall rally or just another surge to be followed by an equivalent decline?
  9. Hyundai Bidding War Looms - The sale of Hyundai Engineering will pit two former sister companies against each other. A deal could fetch $3 billion for the construction firm's creditors.
  10. Air Products Raises Airgas Bid - Air Products & Chemicals raised its cash offer for smaller rival Airgas to $65.50 a share, or $5.48 billion, in its hostile takeover bid.