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Wallstreet Journal News

U.S. Drops Hold on Aid to Lebanese Military Posted: 12 Nov 2010 06:00 PM PST U.S. lawmakers lifted a congressional hold on $100 million in military assistance for Lebanon's armed forces, as the Obama administration moved to bolster Beirut's pro-Western government.

New Oil Patches Sprout Across U.S. Posted: 12 Nov 2010 05:32 PM PST A surge in oil drilling is transforming rural south Texas—and American energy production.

Google Executives to Get Pay Boosts Posted: 12 Nov 2010 04:50 PM PST Google said it had approved pay raises and bigger bonuses for its executive officers, a move that came just days after it told rank-and-file employees they would get pay boosts.

U.S. Gets Rebuffed at Divided Summit Posted: 12 Nov 2010 07:15 PM PST The G-20 concluded its latest meeting in thinly disguised discord, as the U.S. was unable to persuade other countries to take measures it believes are necessary to end currency wars and promote sustainable growth.

Ireland Stirs Specter of EU Default Posted: 12 Nov 2010 07:40 PM PST European leaders' pledge that current bondholders will be spared bailout costs briefly eased fears that Ireland's financial malaise will soon spread to the continent's other weak economies.

Land Becomes Cash Crop in Farm Belt Posted: 12 Nov 2010 03:59 PM PST Cropland prices jumped in the third quarter in the western Farm Belt amid booming demand for U.S. crops around the world.

Cisco Hires Former Apple Executive Posted: 12 Nov 2010 02:36 PM PST Cisco hired former Apple executive and iPhone engineer Mark Papermaster to help with the company's core network business. Papermaster will be contributing to Cisco's most critical business: switches.

Mortgage Regulator Is Tapped Posted: 12 Nov 2010 03:50 PM PST The White House tapped North Carolina Banking Commissioner Joseph A. Smith Jr. to head the regulatory agency that oversees mortgage giants Fannie Mae and Freddie Mac.

Aid Effort Spawns a Backlash in Haiti Posted: 12 Nov 2010 03:19 PM PST Ten months after an earthquake devastated Haiti, there is little coordination among the thousands of NGOs operating there. Critics say some aid groups are geared toward short-term relief—a classic case of giving a man a fish instead of teaching him to fish.

Two More Pleaded Guilty in Galleon Case Posted: 12 Nov 2010 04:42 PM PST Two more individuals were revealed to have pleaded guilty, last year, and agreed to cooperate in an insider-trading probe. The total who have pleaded is now at 14.

Authorities Probe a Top Hedge Fund Posted: 12 Nov 2010 07:28 PM PST The Securities and Exchange Commission and U.S. Attorney's office in Manhattan are looking into whether Harbinger Capital Partners misled investors by failing to disclose in a timely fashion a $113 million personal loan it extended to founder Philip Falcone from the firm's funds.

Three More Banks Fail Posted: 12 Nov 2010 04:36 PM PST Regulators seized two small banks in Georgia and one in Arizona, bringing the total number of bank failures to 146 so far in 2010.

Investors Walk Out as the Fed Buys In Posted: 12 Nov 2010 07:21 PM PST As the Fed began its "QE2" stimulus buying, investors sold off everything from stocks to Treasury bonds and gold. The Dow Jones Industrial Average was off 2.2% for the week. The Treasury note's yield was pushed up more than 0.20 percentage point for the week.

Filing Shows Moves of Buffett's Possible Heir Posted: 12 Nov 2010 05:38 PM PST The hedge fund run by Todd Combs, the man Warren Buffett hired to help manage investments, sold positions in BlackRock and CME Group in the third quarter, continuing a habit of moving in and out of investments faster than the Berkshire Hathaway chief typically does.

Dividend Tap Set to Open Posted: 12 Nov 2010 03:37 PM PST Federal Reserve governor Daniel Tarullo said the U.S. central bank would soon issue "conservative" guidelines on how banks will be able to change their dividend policy.

Fortune May Cooperate With Ackman Posted: 12 Nov 2010 06:14 PM PST Fortune Brands, maker of Jim Beam bourbon and Moen faucets, is now more likely to cooperate with activist shareholder William Ackman on a plan to split up the company's three business units.

FAA Sets Mandatory Retirement Dates for Jets Posted: 12 Nov 2010 04:19 PM PST Federal air-safety regulators issued a rule effectively setting mandatory retirement dates for aging jets in order to head off potentially dangerous metal fatigue.

Comcast to Reorganize, Streamline Executive Suite at NBC Universal Posted: 12 Nov 2010 07:22 PM PST Comcast's chief operating office Steve Burke plans to announce a major reorganization of NBC Universal as early as next week.

Pelosi: 'We Didn’t Lose Because of Me' Posted: 12 Nov 2010 10:50 AM PST House Speaker Nancy Pelosi says she has the "overwhelming support" of fellow Democrats in her bid to become minority leader in the next Congress, and says she's not to blame for the Democrats' mid-term debacle.

Treasury Yields Finish At Two-Month Highs Posted: 12 Nov 2010 02:53 PM PST Treasury prices dropped when many investors cashed out of the bond market as the Fed began its stimulus. The Treasury note's yields was pushed up more than 0.20 percentage point for the week.