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WSJ.com: US Business
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US Business
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Obama to Push Tax Break
Obama will propose that companies be allowed to write off 100% of their new investment in plants and equipment through 2011, a plan that White House economists say would cut business taxes by nearly $200 billion.
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HSBC Chairman to Step Down
HSBC said its Chairman Stephen Green will step down before the end of the year to become U.K. trade minister. No successor has been named.
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Mark Hurd Hired by H-P Rival Oracle
Mark Hurd was named co-president of Oracle, heightening the rivalry between the software company and Hewlett-Packard, the technology giant he ran until departing amid a scandal last month.
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Barclays Taps Diamond as CEO
Barclays elevated Robert E. Diamond Jr. to chief executive in a move that installs an American at the helm of the venerable British banking institution.
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Bankruptcy Court Is Traders' Battleground
Traders in the beaten-down bonds and loans of troubled companies have turned bankruptcy court, which was created as a place for ailing firms to heal, into a venue for large investors to apply their sophisticated techniques in quest of profits.
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