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As of 7:49:00 PM EDT Fri, July 25, 2008
OBAMA AND SARKOZY displayed a convergence of views on key foreign-policy issues Friday and reaffirmed their commitment to stopping Iran from developing nuclear weapons. Obama will visit London next before returning to the U.S.  6:56 p.m.
Germany's Bayer said it's a step closer to approval for potential blockbuster anticoagulant Xarelto after a positive opinion from EU regulators.  5:30 p.m.
Brazil accepted tariff cuts on certain goods in a minor breakthrough for U.S. and EU negotiators at the WTO summit.  7:47 p.m.
Rival Greek and Turkish Cypriot leaders will start historic reunification talks on Sept. 3, ending years of deadlock and sparking hope that the island's 34-year division could finally end.
Munich Re issued a surprise profit warning for the second quarter and set a more cautious outlook for the year, saying the continuing financial crisis has led to "substantial" write-downs to the German reinsurer's equities portfolio.
Lufthansa faced a major strike by its ground and cabin crews next week after union members voted overwhelmingly to support a massive walkout.
Roche's Actemra appears effective at treating rheumatoid arthritis, a disease that can destroy joints and causes chronic pain for patients, the U.S. Food and Drug Administration said.
German chip maker Infineon posted a $730 million loss and announced plans to cut 3,000 jobs, as it battles losses at its memory-chip unit Qimonda.
TNK-BP's CEO left Russia after being unable to get a new work visa. The move is a setback for BP, which is struggling for control of the venture.
 

 
India's representative to this week's WTO summit talks is pushing hard for developing nations' demands in difficult trade negotiations.
 

 
Obama made an impassioned call for rejuvenated U.S.-European ties in a speech before an estimated 200,000 in Berlin as the senator sought to burnish his image as a global statesman ahead of the U.S. presidential election. (Text of the speech)
 
[Hadid image]
Architect Zaha Hadid's plan to redevelop Kartal, a postwar industrial area amid Istanbul's Asian sprawl, is the latest example in a new trend in urban development, in which a visionary designer creates a detailed concept for an entire neighborhood. While individual buildings aren't designed, the overall shape and style of the structures are guided by the master planner.
 

 
Retail Sales Enfold Drama
While a steep drop in U.K. retail sales is rekindling recession fears, another drama is playing out behind the scenes as feuding statisticians debate whose data can be trusted.
 
 

 

 
 
 
Go to Page BREAKINGVIEWS.COM: Get expert opinions on the latest financial stories.
 
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From The Wall Street Journal and other Dow Jones Publications
 
Source:Dow Jones, Reuters* at close
NASDAQ Most Actives   more
NYSE Gainers   more
NASDAQ Gainers   more
NYSE Decliners   more
NASDAQ Decliners   more
181,843,393
119,782,911
112,551,097
111,586,863
63,682,961
58,677,091
25.63%
24.89%
23.06%
22.76%
-17.43%
-12.36%
-12.34%
-44.69%
-35.09%
-34.47%

WALL STREET JOURNAL ARTICLES  
[image]
• New Surgery Eases Toll of Breast Cancer

Surgeons are offering an added benefit to breast-cancer patients: removing the tumor and cosmetically repairing the breast at the same time. This "oncoplastic surgery" could minimize the number of times a patient must go under the knife.

• How Much Water Should You Drink?

Lately it has been in vogue to dismiss the advice to drink eight glasses of water a day as a "medical myth," but it's really more a dispute over whether the glass is half-empty or half-full.

• Santorini, Greece

Reporter Janet Adamy on what to do, where to eat and where to stay on this Greek island.

[image]
• Fight Back Against Credit Card Traps

Thanks to the credit crunch and a growing number of defaults, card issuers are coming down hard on borrowers. Here's how to avoid five common pitfalls.

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• The Prodigy Market in China

Thirty-two years after the end of its Cultural Revolution, China is buzzing with once-forbidden Western classical music activity and more than 40 million youngsters are currently studying the piano or violin. The size and caliber of this talent pool has led some American music schools to enhance their China ties.

• Lack of U.S. Buyers at Art Basel

Reporter's Notebook: Europeans dominate sales at the annual contemporary art fair in Switzerland.

• Albee a 'Young Troublemaker' at 80

After turning 80, three-time Pulitzer Prize winner Edward Albee still considers himself a young troublemaker. A point he proves with his latest work, "Occupant," an evocation of the late sculptor Louise Nevelson.

AUTOS |  more
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• The Driver's Seat: Volkswagen Tiguan

In our faddish culture, there is nothing more annoying than bandwagon jumpers. Which brings us to the 2009 Tiguan, a new compact sport-utility vehicle from Volkswagen.


ONLINE EXCLUSIVES  
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ANALYSIS OF NEWS AND TRENDS
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•  The Long National League Nightmare: Since baseball began interleague play in 1997, the American League has been increasingly dominant. See a timeline of the decline of the National League. 07/11/2008
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• Weekend Journal: Alistair Fothergill is one of the most in-demand filmmakers today, but most people would never recognize his name.
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