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The Wall Street Journal News

The Wall Street Journal

WSJ.com: US Business

Mark Hurd Discusses A Top Role at Oracle

Mark Hurd, who resigned as chief executive of Hewlett-Packard last month, is in talks to join Oracle as a top executive. more >>

Hon Hai Cuts Target for Long-Term Sales

Hon Hai is lowering its long-term target for annual sales growth to 15% from twice that level previously, Chairman Terry Gou said. more >>

Samsung Flags Expansion

South Korea's Samsung Electronics is considering investing a record $25.55 billion next year to bolster its existing operations and expand into new business segments. more >>

Seven Careers in a Lifetime? Think Twice

A belief that Americans will average seven careers over their lifetimes has gained traction despite little evidence, say researchers. more >>

Tokyo Stock Exchange Chief Fights to Compete

The Tokyo exchange is fighting to remain relevant and compete with its Asian rivals, specially those in China. The Wall Street Journal interviews TSE Chief Executive Atsushi Saito. more >>

Berggruen Looks to Revive Karstadt

For billionaire investor Nicolas Berggruen, signing a deal to acquire insolvent German retailer Karstadt was only half the battle. more >>

KT to Sets iPhone Date

South Korea's KT Corp. will start selling Apple's iPhone 4 in the country on Sept. 10. more >>

Rosneft Taps New CEO

The board of Rosneft nominated Eduard Khudainatov as the new head of the state-controlled oil major, less than a day after Russian President Dmitry Medvedev's ordered his appointment. more >>

Libor Falls as Banks Sit on Cash

A key interest rate on short-term loans between banks is at its lowest level in five months, but the decline may be more a sign of bank caution than an all-clear for the financial markets. more >>

Goldcorp to Buy Andean

Canadian miner Goldcorp said it had reached a deal to buy Andean Resources in a deal that values the gold company at around $3.42 billion. more >>

UPS Cargo Plane Crashes Near Dubai

A UPS cargo plane crashed Friday evening after takeoff near Dubai, killing two pilots in the package delivery giant's first fatal aircraft accident. more >>

Goldman to Close Prop-Trading Unit

Goldman Sachs has decided to close its principal-strategies unit, which does its proprietary trading, in the wake of financial-overhaul regulation passed by Congress. more >>

Texas Probing Google's Searches

Google said the Texas attorney general's office is conducting an antitrust review of the Web giant's core search-engine business, another sign of growing government scrutiny of the company. more >>

Cuomo Probes Cards' School Ties

New York State Attorney General Andrew Cuomo announced a statewide investigation of credit-card companies marketing to college students through schools. more >>

T-Mobile in Talks for New Phone

T-Mobile USA is in talks to distribute Huawei Technologies's new Google-powered smartphone this holiday season. The Ideos phone could be priced under $100 in the U.S. more >>

Toshiba to Launch New Tablet

Toshiba said that it will release by year-end a tablet computer that runs on Google's Android operating system as the company aims to compete with Apple's iPad. more >>

Bernanke Defends Record On Lehman

Fed chief Ben Bernanke told a panel that he had no options to prevent Lehman Brothers' failure in September 2008 even though he knew its downfall would be "catastrophic." more >>

Petrobras Seeks $65 Billion

Brazil's state-run energy company Petrobras launched the world's largest-ever sale of shares to finance a $224 billion, five-year investment program. more >>

Roche Launches Cost-Cutting Plan

Faced with austerity programs and health-care reforms around the world, Roche launched a cost-cutting plan that may include job reductions and a revamp of its research-and-development business more >>

Campbell's Soup Sales Slip

Campbell Soup quarterly profit rose 64% as the company cut costs, but its soup sales continued to decline despite efforts to attract consumers with more promotions. more >>

TPG Sells Stake in Ping An

TPG sold its remaining stake in Ping An Insurance for $1.16 billion in the latest example of how the U.S. company is reaping profits from its investments in Asia. more >>

Pechter Bids for Value Line Funds

Richard Pechter, a director of Finra and NYSE's regulatory arm, said this week that he made an offer for Value Line's troubled mutual-fund business. more >>