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BREAKING NEWS

Cable Giant Forming After $55 Billion Deal

Charter Communications agreed to buy Time Warner Cable for $55 billion, giving cable mogul John Malone the prize he has been chasing for two years.

EU to Propose Relocation of 40,000 Syrians, Eritreans From Italy, Greece

European countries could redistribute 40,000 Syrians and Eritreans who arrive in Italy and Greece over the next two years, under a new proposal to be presented Wednesday by the European Commission..

China to Expand Navy Amid U.S. Tensions

A Chinese missile frigate fires during an exercise by the Singapore and Chinese navies in the South China Sea.

China outlined plans to shift its armed forces’ focus toward maritime warfare and accused foreign countries of “meddling” in the South China Sea, setting the stage for a tense confrontation between senior U.S. and Chinese defense officials at a security conference this weekend. 99

Iraq Announces Operation to Drive Islamic State Out of Anbar

Iraq is planning an offensive to drive Islamic State forces from the country’s largest province, a test of its ability to stem the jihadist group’s advance. 57

Greece Ready to Pay Next IMF Tranche

Greece will make its next payment to the International Monetary Fund on June 5 as the country will have reached an agreement with its creditors by then, Finance Minister Yanis Varoufakis said.

Heard on the Street

Spain’s Unfinished Crisis Business

Spain’s growth numbers have impressed markets, but not voters. The country has a lot still to do.

Trial of Alleged Libor Ringmaster Opens

The criminal trial of the alleged mastermind of a vast interest-rate-rigging scandal has begun in London, with prosecutors describing ex-trader Tom Hayes as dishonest.

Deutsche Bank Pays $55 Million to SEC

Deutsche Bank has agreed to pay $55 million to the SEC to settle allegations it hid paper losses of more than $1.5 billion during the financial crisis that began in 2008.

Dollar Jumps Against Yen, Euro

The dollar hits a high of nearly eight years against the yen, as investors returning from a long weekend in Europe bet on the greenback.

ECB Error Spurs Questions

An ECB snafu is raising broader concerns about policy makers’ behind-closed-doors meetings.

Obama, NATO Chief Discuss Russia’s ‘Increasingly Aggressive Posture’

President Barack Obama and NATO’s secretary-general met to discuss Russia’s “increasingly aggressive posture” in Eastern Europe.

Washington Post Reporter Goes on Trial in Iran for Espionage

Jason Rezaian, who was born and raised in California and holds citizenship in both the U.S. and Iran, has been imprisoned for 10 months.

Deadly Flooding Sweeps Into Houston

A storm system that caused massive flooding in Oklahoma and central Texas swept into Houston overnight, inundating homes and major thoroughfares. At least six people were killed in the two states. 81

India’s Modi After a Year

A year after Indian voters handed Prime Minister Narendra Modi a once-in-a-generation mandate for change and economic revival, messy realities are sinking in.

Congressional Inaction Threatens NSA Spy Program

Lawmakers left town for a Memorial Day recess without agreeing on how to modify a program that sweeps up telephone records from millions of Americans.

Economy

Home Prices Continue to Climb

Home prices continued their unremitting climb in March, underscoring concerns of some economists over whether the strong price gains are sustainable.

Italy Orders Halt to Uberpop Service

Uber Technologies’ legal woes in Europe continued as a Milan court ordered that the car-hailing company’s low-cost Uberpop service be discontinued in all of Italy.

LVMH in Talks to Buy Le Parisien Newspaper

French luxury group LVMH Moët Hennessy Louis Vuitton said it has entered exclusive negotiations to purchase the newspaper franchise Le Parisien/Aujourd’hui from media company Groupe Amaury.

Alcatel-Lucent Executives Defend Nokia Merger Plan

Alcatel-Lucent executives defended their plan to sell their company to Finland’s Nokia Corp., telling skeptical shareholders that it is the only option for a firm that lacks “critical mass” against giants like Ericsson and Huawei Technologies.

Video

Sweden Wins Eurovision Song Contest

1:23

John Nash, Mathematician in ‘A Beautiful Mind,’ Dies in Crash

0:33

Whistleblower's Account of Mass Child Abuse in England

3:50

My Ride

‘The Dukes of Hazzard’ and ‘General Lee’ Ride Again

Kenny Wayne Shepherd has paid homage to the ‘Dukes of Hazzard,’ a popular TV show in the early 1980s, with a Dodge Charger modeled to look just the like the one used in the show.

WSJ. Magazine

Eli and Edythe Broad Build a Museum for Their Art Collection

This fall, billionaire philanthropist Eli Broad and his wife, Edythe, will open a namesake museum in downtown Los Angeles, which gathers for the first time their over 2,000 artworks in one place.