WSJ US News

The U.S. agreed to take unprecedented steps to stabilize Citigroup by moving to guarantee $306 billion in troubled assets weighing on the bank's books. (Terms of the deal)

The Fed is considering new lending facilities, more action on the federal-funds rate and purchases of long-term debt to bolster markets and the economy.

With $70.55 million in sales this weekend, "Twilight" became a Hollywood rarity: a big-film franchise released outside the major studios.

Job sites Monster.com and Careerbuilder.com get set to battle with ads that will air during the Super Bowl.

A September trading assault on Morgan Stanley stemmed from a cascade of bearish bets against the firm by some of Wall Street's biggest names.

A start-up is disclosing details of a new service to address patent risks facing technology companies, lining up Cisco and IBM as initial members.

The NFL will broadcast a game between the San Diego Chargers and the Oakland Raiders live in 3-D, in an attempt to entice tech-savvy fans.

Obama and Bush are rushing to craft measures to bolster financial markets and prevent a policy vacuum during the transition. Meanwhile, Paulson is considering tapping the second half of the government's rescue fund.

Detroit auto makers are likely to urge Congress to act to spur consumer demand, saying they can survive if sales regain certain levels.

Rome's huge starling population has become a menace. So a conservationist and his team of assistants are crisscrossing the city with high-powered megaphones to drive the birds back to the countryside.

Many investors remain focused on preserving cash, surviving until next year and coming back to fight another day.

Private-equity investors made substantial profit on the buyout of Mervyn's due to the deal's structure, but the chain ended up in liquidation.

Saudi Arabia's cut its lending rate by one percentage point and slashed banks' reserve requirements to 7% to boost liquidity in the financial system.

UPS is set to announce a four-year sponsorship deal with the European PGA.

Borders will report quarterly results Tuesday amid investor concerns that the report will show further signs of weakness at the chain.

Many investors say they can't afford the risk of stocks and bonds anymore due to lost income elsewhere.

Wealthy clients of Swiss bank UBS are coming forward to make amends with tax authorities, in a sign that U.S. efforts to battle offshore tax evasion and dent Switzerland's bank secrecy are having the desired effect.

Home builders are lobbying Congress for a $250 billion stimulus package, arguing that financial markets won't recover until home prices stop falling.

Local governments and other agencies in China are racing for ways to spend the money from Beijing's massive stimulus plan, raising concerns about potential waste and corruption.

Universal Music's holiday sales could suffer as albums from several major artists are delayed into 2009.