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Friday, February 11, 2011 As of 3:25 PM EST
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Breaking News

China officially overtook Japan as the world's second-largest economy in 2010. See continuing coverage »

LATEST HEADLINES

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China Overtakes Japan as World's No. 2 Economy
Japan's economy contracted in the fourth quarter of 2010, ceding its spot as the world's second-largest economy to China.
Obama Budget Plan Would Cut Deficit by $1.1 Trillion Over 10 Years
The White House's budget proposal for 2012 would shave $1.1 trillion off of the federal deficit over 10 years, mostly through spending cuts, a move White House officials believe would bring government spending into a healthier balance.

- + An army tank moved into Tahrir Square. Egypt's new…
  
  An army tank moved into Tahrir Square. Egypt's new military leadership dissolved the parliament, suspended the constitution Sunday.
  Pedro Ugarte/Agence France-Presse/Getty Images
- + A boy swept the ground at Tahrir Square.…
  
  A boy swept the ground at Tahrir Square.
  Karem Ahmad/Xinhua/Zuma Press
- + Volunteers helped paint the sidewalks.…
  
  Volunteers helped paint the sidewalks.
  Karem Ahmad/Xinhua/Zuma Press
- + Traffic returned to Tahrir Square Sunday.…
  
  Traffic returned to Tahrir Square Sunday.
  John Moore/Getty Images
- + Officials removed a portrait of ousted Egyptian Pr…
  
  Officials removed a portrait of ousted Egyptian President Hosni Mubarak at the Cabinet building.
  Associated Press
- + People prayed at a memorial for those killed durin…
  
  People prayed at a memorial for those killed during the revolt.
  Agence France-Presse/Getty Images
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Egypt's Military Dissolves Parliament
Egypt's new military leadership dissolved the parliament, suspended the constitution and said elections for a civilian government would be held in about six months. The military also started to restore normal conditions to central Cairo and Tahrir Square.

What’s News —

Business & Finance

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J.P. Morgan Plans New-Media Fund
J.P. Morgan Chase plans to start a fund that would invest in Internet and digital-media companies.
Apple Develops Less-Expensive iPhones
Apple is working on a line of smaller, less-expensive iPhones and a software overhaul that would make it easier for customers to access entertainment and personal photos and videos.
- Earlier: Apple's New iPad in Production
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Threat Builds on the Margins
U.S. earnings season saw strong revenue growth, but the rising cost of raw materials, from copper to cotton to corn, is squeezing profit margins more than many analysts had anticipated.
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Nokia Expects Billions From Microsoft
Finnish phone maker Nokia said it will receive billions of dollars in financial support from Microsoft under the alliance unveiled Friday.
- Earlier: Nokia Gambles on a Microsoft Lifeline
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Borders' Woes Help E-Books
A bankruptcy reorganization by Borders is expected to chop the number of bookstores, which in turn is likely to accelerate the transition to electronic books.
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NYSE Deal Moves Ahead
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Boeing Shows Off New 747
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GOP to Block Renewal of Build America Bonds Program
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Chesapeake Feels Icahn's Presence
Chinese Express Faith in Fannie, Freddie
Adam Sandler Tops Justin Bieber in Close Box Office Race
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Germany's Central Bank Chief Resigns

World & U.S.

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Tunisian Influx Taxes Italy
Political instability in Tunisia has unleashed a wave of migrants toward Italian shores, igniting a crisis that has exposed the pitfalls of Italy's reliance on North African regimes to act as gatekeepers.
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Women Protest Berlusconi Scandal
U.S.-Pakistan Talks Canceled Amid Row
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China's Railway Minister Investigated
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Rally Stampede Kills 11 in Nigeria

Small Business

Social-Media Blitz Is Sweet for Bakery
New York's Spot Dessert has been holding contests on Facebook and offering discounts to people who "like" the place—and that's just the beginning.
Married to the Job (and Each Other)
Housing Slump Fuels Credit Squeeze

Fashion

DKNY: Up All Night, Out All Day
With her Fall 2011 collection, Ms. Karan recognized a new aspect of her target career woman: dancing on the line between working hard and playing hard, between doing as she is told and doing as she pleases.

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Arts & Entertainment

Adele Performs 'Someone Like You'
Page One
Man and Goose: An L.A. Love Story
Taxes
Tax Report: What to Know About 2010 Returns
Andy Jordan
Blog To Book: Is the Formula Still Working ?

Sports

Rooney Bicycles His Way Into History
Where does Wayne Rooney's overhead kick in Saturday's Manchester Derby rank among the all-time great goals?
How Bad Can Two NBA Teams Be?
Can India Put a Spin on Cricket World Cup?

Life & Culture

Scents and Sensuality
Tina Gaudoin says the sexiest perfumes are almost always in the crème de la crème bracket, where premium ingredients and a "nose" of genius combine for classic sensual scents.
Chantal Coady's World of Pure Imagination

The Big Interview

Rumsfeld on Egypt, Iraq War
Former Secretary of Defense Rumsfeld reveals that President Bush never asked anyone whether going to Iraq was a good idea and discusses the situation in Egypt. (This interview was recorded prior to Mubarak's resignation.)
- The Rumsfeld View: Excerpts from his new book

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Small Business

Tech

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Nokia Gambles on Microsoft Lifeline
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India Examines Reliance Anil Ambani Group Officials
Technology Poses Big Test for Regimes
Apple's Jobs Calls Shots From Home
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ZTE to Raise U.S. Profile

Personal Finance

Real Estate

A DIY Retreat With A Deadline
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Big Houses
Miramax's Tutor Leases Out Mansion
Views of Life After Fannie, Freddie
A Penthouse Pushes Price Limits

Health

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FDA Approves 3-D Mammography System
Syphilis Results Wrong in Some Cases
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Cephalon Probed on Pain Drug
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Crucell Can Resume Sales of Vaccine
Breast Pumps Now Deductible, IRS Says

Careers

Life & Culture

Sports

Opinion

Michael Medved: Obama Isn't Trying to 'Weaken America'
The End of Fannie Mae
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Matthew Kaminski: Looking Into the Egyptian Crystal Ball
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Runaway Trains
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Joseph Nye: The Misleading Metaphor of Decline

World

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U.K., Turkey Work Toward Military Pact
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Egyptian Revolution Stirs Raw Emotions in Iran
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Protests Expand Across Arab Nations
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Investor Beware: The Risks After Mubarak
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Death Toll in Iraq Blast Rises to 36

U.S.

New York

Business

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Schumer Reserves Judgment on NYSE Deal
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Fix Extended for Boeing 737s
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CBS, Couric Talks Draw Near
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KFC's Valentine in China
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Boards of NYSE, Deutsche Börse Set to Meet

Markets

Ominous Undertone of Stock Rallies
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Coping With the Swiss Finish
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Egypt's Future, Sovereign Debt Doubts to Stalk Euro
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Gulf Rig Operator to Sell Assets
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Level Global Closing Amid Inquiry

Management

Google Tiptoes Around Cairo's Hero
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Costs Cloud Pepsi Outlook
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Cisco's Consumer Head to Depart
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Renault Chief: Cost Data Key to Spy Case
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Francioni: Outsider at Own Company

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Speakeasy

Grammy Awards 2011: Fashion Winners and Sinners
The Grammys are being held tonight in Los Angeles. But the night isn't just about music--it's also about the best, the worst and the most outrageous fashions. Lady Gaga scored style points with her entrance, carried by handlers while inside a clear sarcophagus-like pod. A fashion photo gallery.
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KFC's Valentine in China
Valentine's Day is catching on as a holiday in China, thanks in part to KFC, Haagen-Dazs, Godiva and other Western multinationals. KFC's recipe for love centers on egg tarts.
Will $100 Wine Glasses Sell in China?
It was just a matter of time: With fine wine selling fast in Asia, glassware maker Riedel is planning to expand aggressively in China.
Republicans Still Mum on Waging 2012 Campaigns
Republicans eyeing a campaign for the White House are nearing the time they will likely announce their plans. But several remained coy Sunday when they appeared on the morning talk shows.