Entertaining change: Sony eyes activist's spin-off idea
TOKYO - Few foreign activist investors have made much headway in forcing change in Japan. Hedge fund manager Daniel Loeb is hoping to be an exception with his push to make Sony spin off its film, television and music business. Full Article
Syria opposition calls for reinforcements in embattled Qusair
BEIRUT - Syria's leading opposition group called on Wednesday for rebels across the country to send reinforcements to the strategic border town Qusair, where heavy fighting has drawn in fighters from Lebanon's powerful Hezbollah movement.
Twisters return, but Oklahoma short on shelters
The people of central Oklahoma know all too well the destructive power of a tornado, but residents had few basements and storm shelters to run to when the alarm sounded, officials said. Full Article
Sweden's capital hit by worst riots in years
STOCKHOLM - Hundreds of youths have set fire to cars and attacked police and rescue services in poor immigrant suburbs in three nights of rioting in Stockholm, Sweden's worst disorder in years. Full Article
Senate panel passes immigration bill
WASHINGTON - A Senate panel approved legislation to give millions of illegal immigrants a path to citizenship, setting up a spirited debate next month in the full Senate over the biggest changes in immigration policy in a generation. Full Article
Tax official at center of scandal won't testify
WASHINGTON - Lois Lerner, the Internal Revenue Service official at the center of a scandal about the targeting of conservative groups for extra tax scrutiny, plans to assert her constitutional right not to answer questions from a congressional committee. Full Article
Ahmadinejad to challenge ally's election ban
DUBAI - President Mahmoud Ahmadinejad said he would ask Iran's supreme leader to reverse a ban preventing his aide from running in next month's presidential poll, a test of stability after the violent trauma of the 2009 vote. Full Article | Related Story
No easy pickings in Russia's banking market
MOSCOW - Foreign banks that once treated Russia as virgin land where easy money could be made are now finding it a cut-throat market tougher than some bargained for. Full Article | Factbox
Breakingviews: Markets too sanguine on QE threat
May 22 - The bursting of the gold bubble is just a harbinger of how vulnerable markets are to a tapering of quantitative easing, says Breakingviews. Other asset classes are also at risk.
Latest Headlines
How much does Jamie Dimon matter?
To his supporters, he’s the personification of everything that’s best about the financial system. But to detractors, he’s the personification of all that’s wrong with modern banking — the arrogance, the resistance to new regulation, the astronomical pay in the face of obvious mistakes. Commentary
What Hollande can learn from Queen of Hearts
So far there has been little to show for his economic policies. Some actions have backfired and others have not gone far enough. Commentary
U.S. power: Down but still unrivaled
Beijing does not threaten to counterbalance U.S. power as gravely as America’s economy threatens to become imbalanced on its own. Commentary
The European Union's unending quandary
As recession deepens in the euro zone, the political questions about what comes next are resurfacing. Commentary
Party opinion usurps public opinion
We are witnessing the slow death of public opinion in this country. It’s being displaced by party opinion. Elections today are less and less about persuasion and more and more about mobilization: You rally your supporters in order to beat back your opponents. Commentary
What was James Rosen thinking?
While I join the chorus of rage aimed at the excesses of a Department of Justice leak investigation that has criminalized the reporting of Fox News Channel’s James Rosen, I also wonder how much of Rosen’s trouble is of his own making. Commentary
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Japan's real estate resurgence
Japan’s property sector has been down in the dumps for decades. But the country's massive stimulus drive is finally convincing people to buy again as they bet interest rates and prices will rise. Video
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