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WSJ.com: US Business
US Business
Hershey Trustees Back Cadbury Bid\n - The trust that controls Hershey is pushing it to launch a rival $17 billion bid for Cadbury that would include more cash than\n Kraft\'s offer.
AIG Trustee Sought Exit, But Will Remain\n - Douglas Foshee, a trustee who oversees U.S. taxpayers\' nearly 80% stake in AIG recently said he wanted to quit his post, but\n was persuaded to stay on.
SkyTeam Willing to Invest More in JAL\n - Richard Anderson, chief executive at Delta Air Lines, said the SkyTeam alliance of global carriers would be willing to invest\n more than $1.02 billion into ailing Japan Airlines as it tries to cement a trans-Pacific partnership.
Ohio AG Sues Credit Raters\n - Ohio\'s attorney general filed suit against ratings agencies Standard Poor\'s, Moody\'s and Fitch, alleging they provided misleading\n ratings in exchange for money.
TD, Lawyer Sued in Ponzi Case\n - Investors contend a high-profile Florida attorney orchestrated a claim-sharing fraud with the help of TD bank\'s U.S. unit\n and several accomplices.
Lewis to Consider Postponing Retirement\n - BofA CEO Kenneth Lewis said he would consider postponing his retirement if directors need more time to find a successor or\n smooth the transition to the next CEO.
Dividend Payers Return to the Fore\n - Stocks with payouts had been trailing their yield-free rivals for most of the year, but are now pulling ahead. And the trend\n may last.
Regulators Close Florida Bank\n - Florida regulators closed Commerce Bank of Southwest Florida in the 124th U.S. bank failure.
Morgan Unloads Crescent\n - Morgan Stanley closed the book on its disastrous $6.5 billion acquisition of Crescent Real Estate Equities by handing the\n keys to lender Barclays.
Weak Power Demand Dims Outlook\n - Electricity sales remained weak in the third quarter, prompting speculation that the sluggishness could persist even after\n the U.S. economy rebounds.
U.S. and India Hone Nuclear Pact\n - India and the U.S. are pushing to tie up details of a nuclear-energy cooperation agreement approved by their legislatures\n last year, ahead of Prime Minister Singh\'s visit to the White House.
Valero Will Close Delaware Refinery\n - Valero Energy said it plans to close its Delaware refinery after failing to find a buyer for the facility at a time when refiners\n are contending with weak demand.
Exxon Renews Leases in Nigeria\n - Exxon ended months of negotiations with Nigeria by renewing three oil leases for fields the company operates in the country.
Invesco PowerShares CEO Steps Aside\n - Bruce Bond is stepping down as chief executive of exchange-traded fund provider Invesco PowerShares Capital Management.
IPOs: Archipelago, 7 Days Gain\n - The IPOs of U.S. online education company Archipelago Learning and Chinese hotel chain 7 Days Group attracted investors, while\n coal miner Cloud Peak and defense-technology firm Global Defense Technology & Systems didn\'t.
Nook\'s Christmas Deadline Passes\n - Barnes & Noble on Friday said customers who order its Nook electronic-book reader now won\'t get it until the week of Jan.\n 4.
UPS to Raise Rates by 4.9%\n - UPS said it will raise rates an average of 4.9% for packages shipping by ground and air, including packages sent overseas.\n
J.P. Morgan Drops Arbitration Clauses\n - J.P. Morgan Chase agreed to drop arbitration clauses from its credit-card agreements as it reached a tentative settlement\n of a lawsuit over cardholder disputes.
AnnTaylor Swings to Profit\n - AnnTaylor Stores swung to a third-quarter profit amid lower restructuring expenses and higher margins, even as revenue fell\n 12%.
P&G Open to Deal Making\n - P&G said it is open to deal making, but emphasized that acquisitions aren\'t a core part of its strategy and that it doesn\'t\n pursue hostile acquisitions.
Fair Isaac Loses Antitrust Suit\n - A federal jury ruled for the defendants in Fair Isaac\'s lawsuit accusing credit-scoring firm VantageScore and credit-reporting\n agencies Experian and TransUnion of trademark infringement and unfair competition.
Boeing Breaks Ground on Plant\n - Boeing on Friday broke ground in North Charleston, S.C., on a second assembly facility for its long-delayed 787 Dreamliner.
Chrysler Offers Incentives On 2010 Models\n - Chrysler will offer 0% financing or as much as $4,000 cash back on its 2010 vehicles in an effort to rejuvenate its sales.\n
J.M. Smucker Profit Nearly Triples\n - J.M. Smucker\'s earnings soared amid the addition of the Folgers coffee brand, while lower commodities prices boosted margins\n at its other businesses.
Mohegan\'s Profit Slides\n - The Mohegan Tribal Gaming Authority\'s profit fell 24% as gambling revenue slid again.
China Orders Bank to Curb Lending\n - Regulatory memo says restrictions \"are political requirements and are not negotiable\" and come amid worry about asset bubbles\n and bank risk.
D.R. Horton\'s Loss Narrows\n - Home builder D.R. Horton posted a narrower loss amid year-earlier write-downs. Orders jumped 26%, but the company signaled\n caution on the strength of the industry.
VW Board Clears Tie-Up Details\n - The German auto maker said its supervisory board cleared the way for the planned integration of Porsche by approving contracts\n determining details of the complex tie-up.
John Paulson Bets on Gold\n - John Paulson, who scored about $20 billion of profits wagering against the housing market and financial companies, is launching\n a fund dedicated to bullion-related investments.
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