Business News, Finance News, World, Political & Sports News from The Wall Street Journal

The federal program to redevelop neighborhoods blighted amid the housing crisis is barely up and running. But already, many localities are frustrated by the small sums involved -- a sign of how efforts to halt the crisis have proven inadequate.

Map: Troubled Neighborhoods Photos: Losing Homes, Saving Subdivisions

Daschle Pushes for Health-Care Overhaul

Former Sen. Tom Daschle, a likely Obama cabinet nominee, is kicking off an effort to pass a health-care overhaul.

The Rise of Southern Football

The South is dominating college football like never before. How a population boom and a growing economy have helped turn a regional obsession into a national juggernaut.

Lawmakers Split Over Next FDA Head

Numeric Trend Grows in Domain Names

Suit Disputes Ruling Over Toy Sales

Peggy Noonan: Time of Two Presidents

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What’s News —

Business & Finance

Fed Weighs Options
As Europe Cuts Rates

The Fed is considering taking unconventional steps to revive the economy as central banks outside the U.S. cut rates more aggressively.

Trichet Coaxes Europeans to Shift Gears ECB, Bank of England Cut Rates

Companies Accelerate Layoffs

Companies are shedding workers at an accelerating rate -- some in response to declining sales and others in anticipation of tougher times ahead.

Labor Pains: Job Picture Isn't Pretty Houghton Cuts Jobs, Restructures Laid Off Blog: Measures of Success When Jobless Discuss: Are you worried about losing your job?

Bratz Ruling Hands Mattel Big Choices

A federal judge ordered MGA Entertainment to hand over control of its Bratz dolls to Mattel, Barbie's maker.

Barbie Comes Out on Top in Bratz Battle

Microsoft Taps Yahoo Veteran

Believe It or Not, There's a Banker of the Year

Harvard Plans Bond Issue

U.S.

Capital Journal: Not Right or Left -- Forward

The people on Obama's team are known more for competence than ideology -- reflecting what the nation ordered up in this year's election, writes Gerald Seib.

Obama's Cabinet: Who's In, Who's Likely

Detroit Bailout Hits a Bumpy Road

Bushes Buy Dallas Home for Residence

Policy Move Gives Mining Another Boost

World

Cop Heralded in Film Leads Mumbai Probe

Rakesh Maria, a cop whose investigative skills have inspired at least one Bollywood movie, is the lead investigator into Mumbai's terror attacks.

Rice Visit Ends, Mumbai Rift Remains

Poorer Nations Go Online on Cellphones

Iraq Council Backs Security Pact

Arts & Entertainment

[Frank Langella as Richard Nixon, left, and Michael Sheen as David Frost in a scene from the film 'Frost/Nixon.']

Film Review: Exploring Nixon's Haunted Soul

Mimicry gives way to dark majesty in "Frost/Nixon," a spellbinding film version of Peter Morgan's play.

Film Clip: "Frost/Nixon"

'Guerrilla' Financing Challenges

Slump Drains Energy Out of Art Basel

Ani DiFranco: A Life in Song

Editors' Picks

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[Trying to make old Negro spirituals resonate with the hip-hop generation]

Connecting Black Students to Their Past

Recession Clouds Chances for EU Climate Treaty

Japan's Recession Hits 'Temps'

Partying With the Laureates

A $1 Million Chaise? Not This Year

Surprise Health Bills Make People See Red

Devices for Netflix Delivered via Web

After China Quake, Parents Start Over

World

Trichet Coaxes Europeans to Shift Gears

ECB President Trichet is starting to silence criticism that he is responding too slowly to the downturn that may be Europe's worst since World War II.

Putin Tries to Soothe Russians

Cuba Tightens Restrictions on Bloggers

Business

Boeing May Delay 787 Deliveries

Boeing may push back first deliveries of its flagship 787 Dreamliner by at least six more months after the recent strike by union machinists, as well as other snags.

Merrill/BofA Deal Goes to a Vote

For Neuberger Deal, Fateful Few Months

Business sponsored by Verizon Wireless

Markets

Oil's Slide Set to Leave Dark Trail

Oil prices, continuing their free-fall from July highs, could soon push much lower, threatening energy-driven companies and economies.

Citi Gets Tough With General Growth

Curry to Run DBRS U.S. Unit

Tech

Facebook Delays Employee Share Sales

Facebook is delaying a program to allow employees to sell some of their shares in the privately held company.

AMD Warns of Sharp Sales Drop

Minimum-Price Foes to Use eBay

Tech sponsored by AMD. The Future is Fusion

Personal Finance

We Owe $2,000 on Your Credit Card?

Neal Templin on the marital-harmony component of his and his wife's financial decision-making arrangement.

Schwab Has New Rebate Card

Finding an Eco-Friendly Dry Cleaner

Life & Style

[Linda Powell and Robert Gomes in 'The Winter's Tale.']

Get Thee to New Jersey

The Shakespeare Theatre of New Jersey's "The Winter's Tale" ranks high on the list of first-class Shakespeare stagings to come Terry Teachout's way.

At Home With Saddam

Season With a Clue

AD: WSJwine â€“ Discover better wine.

Sports

Finding Fun in Fantasy's Dead Zone

Suggestions to satisfy a fantasy addict stuck in the quiet period between the end of football season and the start of baseball.

Can Pacquiao Beat De La Hoya?

College Football's Divisional Dilemma

Opinion

Opening at the Fed

How to think about the world's most important job vacancy.

Kimberley A. Strassel: Obama's Environmental Test

Ethan A. Nadelmann: Let's End Drug Prohibition

Careers

Time Off for Good Behavior

Want to be charitable in a big way? Consider tapping your employer for support. Although they often don't advertise the fact, many companies are very flexible about backing employees' volunteer efforts.

A Tale of a Young Boxer's Redemption

Finance Chiefs Face New Pressures

Real Estate

Ford Models Founder Cuts Estate Price

Ford Models founder Eileen Ford cut the price of her New Jersey mansion by 19%, Calvin Klein co-founder Barry Schwartz is putting a bayfront parcel up for sale, and more.

All in the Skiing Family

Housing Market Faces Broader Ills

Small Business

[Olympian Michael Phelps at a press conference in Chicago last month for the launch of PureSport at the Sports Authority.]

How Phelps Became the Face of PureSport

Michael Phelps's celebrity gave a little-known, protein-powder maker the clout to win financing, as well as coveted shelf space.

Discounters Face Fight on Minimum Pricing

Shalom, Kiosk Christmas Shoppers

WSJ. Magazine

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Gifts That Keep on Giving

Lewis Hyde calls gift exchange the economy of the creative spirit. He discusses the art of gifting, and we present seven beneficiaries. Portfolio

Rock's New Republic

Live Nation's Michael Rapino has landed major deals with Madonna, Jay-Z and U2. Can he revolutionize the music industry? The Big Interview

Lip Service

Cosmetics guru Bobbi Brown doesn't believe in makeup for men or anti-aging creams. She's got a half-billion-dollar company to show for it. Rebel Yell