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LATEST HEADLINES

U.S. Halted Aid Deal as Yemen Rose Up
The U.S. was on the verge of launching a record assistance package to Yemen when an outbreak of protests against its president led Washington to freeze the deal, marking a sharper turn in U.S. policy there than the administration has previously acknowledged.

Europe's Rate Rise Signals End of Cheap-Money Era
The European Central Bank became the first monetary authority in a major developed economy to raise interest rates since the global financial crisis struck—a sign that the long period of easy credit is beginning to come to a close.
- Interactive: Global Rates
- Central Bank Watch
The EU Bailouts Aren't Over Until They're Over
Brussels Beat: Is that it? Does Portugal's application for a bailout mark the end of the euro-zone's government debt crisis? Not so fast.
- Agenda: Painful Cure for Bailed-out Threesome

What’s News —

Business & Finance

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U.S. Weighs New Stock Rules
Federal securities regulators are moving toward easing decades-old constraints on share issues by private companies, in a sweeping review that could remake the way American start-ups raise capital.
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With Bated Breath, U.K. Banks Await Report
A government-appointed panel is examining whether the sector needs to be restructured to make it more competitive and reduce the risk of another financial crisis.
- Europe's Banks Still Face Many Hurdles
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Nissan Rallies After Terrifying Shake
In the 24 hours after the March 11 quake struck Japan, managers scrambled to respond to the unfolding crisis from a makeshift eighth floor 'war room.'
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Disney Breaks Ground on Shanghai Theme Park
Disney and its Chinese government-owned business partners broke ground on Shanghai Disneyland, a crucial development for a company intent on bolstering its presence in China.
Muni Salesmen Fight Gloom
Few people used to worry much about the humdrum municipal-bond market. Then prices dropped last fall, and pundits from all corners suddenly offered predictions, some dire. Now, after months of assault and an investor exodus, the muni business is fighting back.
- Muni Bonds Weigh on Investors
Portugal Bailout May Reach €90 Billion
Portugal will need as much as €90 billion, including €10 billion in June, under a bailout package from the European Union and the International Monetary Fund, people familiar with the situation said.
- The Source: 'Welcome to the Debt Club'
- Portuguese Bank Stocks Rally
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Brazil Gives In to Surging Currency
Google, U.S. Near Accord on Travel Deal
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Chevron Rekindles Old Texas Flame
Asia Mostly a Little Higher; Tokyo Weighed by Quake
Facebook Shares Server Design
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GE to Build Solar-Panel Factory

Film Review

'Arthur': He Drinks, Movie Falls Down
The qualities that made the original "Arthur" charming seem sadly out of date in the remake. Meanwhile, "Soul Surfer" rides a religious wave, and "Hanna" thrills, then implodes.
- Film Clip: 'Arthur'

World

France Resurrects Border With Italy
The migration wave unleashed by North African unrest has prompted France to resurrect its border with Italy—a barrier that was supposedly consigned to history's dustbin with Europe's unified economy.
New Earthquake Rattles Japan
Karzai Expected to Replace Ministers
Ivory Coast Standoff Takes Toll
Friendly Fire Raises Tensions in Libya
A Shovel Cuts Off Armenia's Internet
British Say NATO Faces Jet Shortage
Rio Shooter Kills at Least 12 Students

Deals
Blockbuster Lawyers, Bankers Spar Over Price, Pizza and More
The auction for video-store chain Blockbuster Inc. at times became like a "cage match," said one person who was there. Another likened it to a "lawyers' gang fight."

Aviation

Southwest's Solo Flight in Crisis
Southwest took an unusual approach when it voluntarily grounded 79 planes but government officials said the move paid off, allowing the airline to get ahead on inspections after a fuselage ripped open in flight.
- Aviation Eyes 737 Replacement

Editors' Picks

John W. Miller: A House Long Divided
Menswear's Formal Acceptance
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The Music Industry's Summer Comeback Tour

Video

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Markets

News Hub: European Central Bank Hikes Rates
AM Report & PM Report
News Hub: President Trump? Don't Laugh.
AM Report & PM Report
News Hub: Has Warren Buffett Lost His Luster?
News Hub Extra
Portugal Seeks a Bailout

Food & Drink

Altar to French Cuisine Hungers for Dough
The French pledged to construct a grand "Cité de la Gastronomie" to honor and immortalize the nation's culinary know-how. But the cultural soufflé has yet to rise. The project has no funding and no location.
Where the Wild Things Are
Plucking the Finest Fruits From the Sea
A Convenient Marriage

Arts & Entertainment

Still Turning Black to Light
Manet retrospective highlights the French artist's broad range.

Sports

News Flash: This Is Golf Heaven
As Rory McIlroy and Alvaro Quiros lead, Jason Gay adjusts to collared shirts, khaki pants and leaving his cell phone behind in golf heaven.
- Photos: Day One of the Masters
Grand National Now a Matter of Class

World

WHO Calls for Action on Superbugs
A form of superbug that gives bacteria the power to resist virtually all known antibiotics may be spreading, posing a global health risk, health experts warned Thursday.
Turkey Nudges Gadhafi Regime
Israel Strikes Gaza After Antitank Missile Hits School Bus

U.K

U.S. Targets HSBC Over Secret Bank Accounts
The Justice Department asked a federal court to force HSBC Holdings to reveal the names of U.S. customers suspected of having secret bank accounts in India.
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M&S; Poaches Morrison Executive
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BP Calls for Board Meeting at Russian Venture

Markets

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Oil Tops $110
The main U.S. oil contract finished above $110 a barrel for the first time in 2½ years, lifted by fighting in Libya and signs of an economic recovery in the U.S.
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Muni-Tax Break Under Siege
U.S. Probes Leaks From Fourth Law Firm

Tech

YouTube Will Get Major Revamp
Google is working on a major overhaul of its YouTube video site to organize its content around premium "channels" and spending as much as $100 million to commission original content.
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CEO Says Cisco to Pare Projects
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H-P Sues Former Executive

Business

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Data-Roaming Rules Get Green Light
Some customers could find it easier to use their smartphones to text or access the Internet outside their service areas under new rules approved by U.S. federal regulators.
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Dodd-Frank Foes Adopt New Tactics
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Australia Blocks ASX-SGX Deal

U.S.

Incumbent Justice Leads in Wisconsin
Wisconsin Supreme Court Justice David Prosser took a significant lead in his re-election bid when the clerk of a conservative-leaning county reported she failed to count the ballots from a wealthy suburb west of Milwaukee.
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U.S. Jobless Claims Decline
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New Posts Eyed for Panetta, Petraeus

Life & Style

A Self-Conscious Pursuit of Beauty in Art
The Victoria & Albert Museum's big spring show, "The Cult of Beauty: The Aesthetic Movement 1860-1900," is about the poets, painters, sculptors, designers and architects who paid lip-service to the slogan "art for art's sake."
A Different Kind of Baroque Garden
Cartier-Bresson and the Decisive Moment

Opinion

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The Lisbon Irony
Europe's growth problems aren't the fault of central bankers.
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We're All Interventionists Now
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Delhi's Mixed Message on FDI

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Gadhafi Does Swimming.ly on Web
Where have the U.N., NATO and U.S. Air Force directed Twitter followers to learn more about military action in Libya? To an Internet domain controlled by the regime of Col. Moammar Gadhafi.
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Bugles Still Blow
Among the most haunting line in Wilfred Owen's poem of the Great War, "Anthem for Doomed Youth, is the one that evokes the home front—"bugles calling for them from sad shires." The now royal town of Wootton Bassett takes that on for this century: it is a sad shire of the British imagination.
Hampstead Home
This modern three-bedroom apartment in north London's Hampstead Heath neighborhood still maintains the charm of the Grade-II-listed Victorian building.
The Writing Is on the Wall
Once an act of defiance and vandalism relegated to brick walls and subway cars, graffiti is now invading the home, with everything from stenciled murals to "tagged" chairs, lamps and wallpaper to soap bottles.
A Classical Life in Allegro
Known as a fierce advocate of new and unusual composers, Berlin Philharmonic conductor Sir Simon Rattle has increasingly gained kudos by taking the orchestra back to its roots in German music.
A Good Cop in a Very Bad Place
In Philip Kerr's series of history-based crime thrillers, character Bernie Gunther is a wise-cracking homicide detective, but in his world, the bad guys he moves among aren't a gumshoe's ordinary adversaries.
Where Are All the Women?
If women make up more than half of the U.S. population, why do we not attain 50% of the positions of power? Why aren't there more women in senior management roles in business--and what can we do about it?