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MONEY CENTER BANKS Big shakeup at Citigroup CEO Charles Prince merges investment banking, alternative-investments businesses, promotes Vikram Pandit to run new unit. Thomas Maheras, once regarded as potential successor to Prince, leaves Citi.
ASIA. MARKETS Asia stock's record run ends Shanghai, Hong Kong, Seoul, Singapore and Sydney retreat from previous sessions' record highs. Japanese indexes also lower. • Samsung profit up slightly after gains from flat-panel, cellphone units • For business news in Chinese, see Chinese.wsj.com
Toilet-paper purchases unroll into weightier family-finance issues.
Also in Personal Finance: • Who's to blame for electrical problems? • Powell RIPs into retirement finances • Corralling the mortgage-ranch rustlers
They're learning hard way about up-front responsibility, writes Thomas Kostigen.
Also in Commentary: • Friedman says Fox needs a knockout • Callaway on dark shadows • Market lacks conviction (Greenberg blog) • Bottom Liners: See today's cartoon
Successful editor eschews explaining his fundamentalist picks.
Also in Newsletters: • Hulbert on the best and the bullish • Guru's Corner: Take a look at ADRs
• Seeing a golden future • Tiffany sparkling on Street • Oil giants feel the pinch
U.S. MARKETS Dramatic reversal sinks Dow, Nasdaq Techs profit-taking triggers sell-off. Analysts say cause may have been negative comment on China's Baidu.com, which dropped almost 10%. • Stocks to watch: Electronic Arts, Avon, more • Friday preview: NBC leaves beautiful downtown Burbank Retail Rough September Warm weather, weak housing-market conditions take toll. • Department stores slump on sales data • Wal-Mart stays upbeat even as sales miss • Kruszenski looks for Wal-Mart fourth-quarter turnaround
subprime today | Countrywide funds fewer loans Expect more of the same issues in housing Marked is "still suffering fallout" from questionable lending, according to RealtyTrac's Rick Sharga, with many Americans unable to pay loans. • State official asks SEC to probe Countrywide stock sales: report • Moody's downgrades more subprime securities
TECHNOLOGYVMware shares ignore valuation worries As newly public software firm nears the highest price targets, some on Wall Street are growing more cautious. • Software giant Microsoft, upstart VMware headed for virtual war
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