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Burris Is Denied
Seat in Senate
Roland Burris arrived at the Capitol to be sworn in as a member of the 111th Congress, but Obama's appointed successor to the Senate was turned away.

German Billionaire Commits Suicide
German billionaire Adolf Merckle has committed suicide after his business empire ran into trouble in the global financial crisis, his family said.

What’s News —

Business & Finance

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Alcoa to Eliminate 15,000 Positions
Aluminum maker Alcoa unveiled deeper work-force cuts, more plant closures and a 50% reduction in capital spending, citing the impact of the economic downturn.
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Fed: Long Recession a Concern
The Fed signaled in minutes from its December meeting that the recession could drag well into the new year, with economic output contracting for 2009 as a whole and inflation "uncomfortably low." (Full text)
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Lewis: BofA Execs Shouldn't Get Bonuses
Bank of America CEO Lewis is recommending that he and his top lieutenants receive no bonuses for 2008. The bank tapped Dan Sontag to succeed Bob McCann as chief of the Merrill Lynch brokerage force.
Lyondell Unit in Chapter 11
U.S. Auto Sales Continue to Skid
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Prosecutors Seek to Jail Madoff

Tech

ITunes to Change Pricing Strategy
Apple unveiled significant pricing and copyright changes to its iTunes Store, moves by the dominant online music seller that could spur similar action across the industry.
High-Tech Companies Take Up Netbooks
The Switch to Digital TV Hits a Snag

U.S.

Obama: Deficits to Last
Obama said the U.S. could face trillion-dollar deficits for years to come, but heavy spending is needed now to spur the economy.
- Deal Journal: Can Tax Breaks Cure the Crisis?
Office Rents Slide on Drop in Demand

World

Russian Gas Flows
Tighten Further
Russian gas supplies to a swath of Europe were all but cut off as temperatures plummeted, raising the stakes in a dispute between Moscow and Ukraine.
- Heard on the Street: Europe's Reaction
New Subways Transform Beijing

World

Airbus Engine Issues Prompt New Oversight
After nine sudden engine stalls on Airbus aircraft since last April, regulators in the U.S. and Europe are working with engine-maker CFM to develop new safety measures for jetliners used around the world.
India: Pakistan Backs Terrorism
Beijing Woman Dies of Avian Flu

Business

BP Names Head of American Unit
BP said Lamar McKay, its executive who acted as troubleshooter in last year's bitter dispute between BP and its Russian partners in TNK-BP, will become chairman and president of BP America.
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Enron's Skilling to Be Resentenced
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Greenberg Questions AIG's Sale of HSB

Markets

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Economic Concerns Halt Oil Rally
Crude futures fell for the first time this year, as the market paused to evaluate whether oil could continue to rally in the face of a severe economic downturn.
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Credit Markets Loosen Slightly
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Nasdaq Opens Derivatives Clearinghouse

Tech

Apple's Jobs Gets Treatment for Weight
Steve Jobs said he has a hormone imbalance that is causing him to lose weight. The health of Apple's founder has been the subject of speculation.
Online Applications for Social Security
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Ad Shops Eye Web Space

Personal Finance

Why We Keep Falling for Financial Scams
Psychologist Stephen Greenspan explores why investors continue to be swindled -- and how he came to lose part of his savings to Bernard Madoff.
Funding Senior Living In a Downturn
Small Investments, Major Returns

Life & Style

Old Italian Artwork Made Young
Two Renaissance works of art are back on display in Florence after restoration.
Premium Tuna Sells for $104,400 in Auction
For 2009, a To-Do
List for Wine

AD: WSJwine – Discover better wine.

Sports

For Football Fans, Seeing TDs in 3-D
Theaters nationwide will broadcast the BCS National Championship Game live and in 3-D. But it's unclear if it will be merely a novelty, or a whole new way to experience game day.
When Life Is Just a Bowl of Freebies
Executive Lives at Gym in 2 States

Opinion

Careers

Doing the Math to Find Good Jobs
Mathematicians have landed the top spot in a new study ranking the best and worst jobs in the U.S. A look at how other occupations fared.
Job Hunters Seek High-End Help
Perseverance Answers Vegans' Prayers

Real Estate

First-Time Buyer in Chicago
Simona Covel hunts for a two-bedroom apartment in Chicago and learns that a 10% drop in home prices doesn't necessarily translate.
Greene & Greene: In a Gallery and On Site
An Adobe Haven in Santa Fe

Small Business

Raising Money to Grow in Current Climate
Before buying another business, assess whether you would still have an ample cash cushion with your current company to survive a potentially long downturn in business.
Car Dealers Face Struggles
Slump Batters Small Business

The End of Wall Street

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Part 1: What Happened
Journal reporters explain how easy money led to the collapse of Wall Street's biggest firms.
Gauging Speed Accurately With GPS
There is often a disparity between a car's speedometer and the GPS or navigation device. Which is more accurate?
- Discuss: Best GPS system?
In Pictures: Jan. 6
Muslims mark the month of Muharram, the mercury soars to blistering heights in Sydney, a truck strike cripples commodities in India and more.
How the U.N. Perpetuates the 'Refugee' Problem
Nowhere on earth do terrorists get so much help from the Free World, writes Natan Sharansky.
Diet Books for the New Year
The latest crop of diet books has a few twists on the typical weight-loss formula. The skinny on some of the top new diet books for 2009.
- Discuss: Has a diet worked for you? | Mailbox

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