Roberto Abraham Scaruffi

Online Journal E-Mail Center

March 22, 2011 -- 5:30 a.m. CET

Visit WSJ.com at U.S. | EUROPE | ASIA News by section: Front Section | Opinion | Front Section | | Front Section |   FRONT SECTION 1 Yemen teeters as Libya loses the fight for its skies Yemen's president saw his control of the country unravel quickly as most of his military commanders joined the political opposition on Monday. Deutsche Bank Awaits Verdict in Swaps Case Germany's highest court is expected to rule Tuesday whether Deutsche Bank misled hundreds of municipal clients and small companies about the risks of interest-rate swaps. 2 • AGENDA: Ireland Surely Can't Betray its History • What's News   3 • Egypt Vote Shows Islamist Influence • Arab Regimes Under Siege   4 • Allies Spar but Renew Airstrikes on Libya • Gulf Arab States Defend Military Action in Libya   5 • EU Broadens Libyan Sanctions   6 • CAPITAL JOURNAL: Austerity Guides U.S. Strategy • Future of Libyan Oil Is in Doubt • New York Times Journalists Released   7 • U.S. Plans a Review of Nuclear Standards • Japan Damage Cost: $300 Billion • At Plant, Repair Is Painstaking Task   8 • Main Obstacle Stalling Aid: A Severe Shortage of Fuel • Tokyo Suspends More Food Shipments   9 • After Flood, Deaths Overpower Ritual • EU Fails to Agree on Nuclear Stress-Tests • U.N. Agency Calls for Safety Review   10 • Medvedev, Putin Clash Over Libya • Russia to Invest $10 Billion in Fund   11 • German Economic Growth to Strengthen • Europe Sets Pact on Bailout Fund • Trichet Signals Rate Increase Likely   12 • Demjanjuk Trial Gets Bogged Down • U.S. Terror Suspect Cleared in Spain • U.K. Budget Expected to Go After the Tax Dodgers   13 • Home-Run King Goes on Trial • Pawlenty Makes the First Move • Promise on Taxes Sparks GOP Rift   14 • Google Objects to China's Acts • Obama Juggles Brazil Diplomacy Amid Libya Strikes   OPINION 15 War by Global Committee Too many commanders in chief could save Gadhafi and undermine U.S. interests. Bourgeois Britain A new survey suggests that class resentment is not the driving force it once was in British economic, social and political life. Australian Market Watch Canberra flubs an economic test on the SGX-ASX merger. 16 OPINION •  JONATHAN MACEY: Uncle Sam and the Hostile Takeover • Tsunamis of Information   17 OPINION • The Demise of Third Worldism •  PETER BRABECK-LETMATHE, ASIT K. BISWAS AND LEE KUAN: Putting a Price on Clean Water   FRONT SECTION 19 Japan Plant Had Troubled History The Fukushima Daiichi power plant was already one of the most trouble-prone nuclear facilities in Japan, even before the earthquake and tsunami that knocked out its cooling systems and precipitated the worst nuclear crisis in 25 years, a WSJ analysis of regulatory documents shows. • Latest Japan News | Monitoring Reactors • Weeklong Look at Market Reaction • Map: Latest | Photos | Video | More • Opinion: Sony's Stringer on Japan's Resilience Plant Workers Recall Moment Quake Struck Personal accounts of the Japanese quake show the enormous destructive power unleashed on the Fukushima plant, but also paint a picture of a facility that was disciplined and orderly, and that seemed to have survived the an initial battering of nature quite well.   FRONT SECTION 32 Jose Mourinho's Talents Still In Madrid The Real Madrid boss, known as The Special One, is a hot commodity in European soccer. What happens if he bolts for another job? Tip of the Day After five weeks, 42 games and just a few upsets—mostly involving England—the Cricket World Cup finally gets to crunch time with the start of the quarterfinals Wednesday. 33 • There Comes a Time When People Just Have to Set Boundaries   34 • WORLD AT A GLANCE: World Watch   35 • BUSINESS AT A GLANCE: Business Watch View the latest What's News Online Past Editions of In Today's Paper 21 Deutsche Telekom Soars on Sale of U.S. Operations Deutsche Telekom's shares soared after it said it will sell its T-Mobile USA unit to AT&T in a $39 billion deal that will create the largest telecom provider in the U.S. • The Source: Deutsche Telekom Is Darling -- for Now   U.S. Banks Oppose Tighter Money Rules Even as governments freeze assets tied to regimes in Libya, Egypt and Tunisia, U.S. banks are resisting efforts to tighten international rules to prevent the flow of money from corrupt politicians.   22 • Reactor Closures Leave E.ON, RWE an Upside • Russia Lifts Its Energy Profile Amid Crisis   23 • Dolce & Gabbana Expanding in China • New Look Founder Returns to Retailer • Tiffany Posts Higher Profit, Defers Long-Term Projections on Japan • Liberty Global Buys German Cable-TV Firm   24 • J.P. Morgan Flexes Its Muscle in $20 Billion Loan to AT&T • Prosecutors: Tapes Show Intel Deal Tips   25 • AIG, Fed in Subprime-Bond Standoff • Treasury to Sell MBS Portfolio   27 • Heaven Cent: Citi Reinstates Dividend   28 • Telecoms Lead European Stocks Higher • Schwab Makes a Big Options Bet • COMMODITIES REPORT: Oil, Equity Markets Diverge after Libyan Attacks   31 • MANAGING IN ASIA: Google Asia Boss Searches for Local Style • Italian Bank Cuts Costs but Builds Business   36 HEARD ON THE STREET J.P. Morgan Plays a $20 Billion Hand J.P. Morgan Chase is offering prospective clients 20 billion reasons to use its investment-banking services.   HEARD ON THE STREET Deutsche Telekom's Welcome U.S. Retreat Deutsche Telekom's sale of its U.S. operations to AT&T may have surprised investors, but an 11% share-price rise suggests it didn't take long to win them over.   HEARD ON THE STREET Europe's Harsh IPO Reality Europe's markets for initial public offerings are turning wintry. Last week's postponement of IPOs by Danish cleaning firm ISS and French media group Canal Plus suggest investors might be becoming more selective than bankers care to admit.   Overheard "You're breaking up." That's a common refrain for those talking on AT&T cellphones in Manhattan. But it is something the phone giant will do everything it can to avoid when it comes to its latest deal. AT&T is on the hook for a $3 billion termination fee if it walks away from its announced plans to buy Deutsche Telekom's T-Mobile USA. That's the third-largest disclosed breakup fee for an acquirer ever, says Dealogic. AOL and Pfizer were on the hook for more than $4 billion each in breakup fees tied to their deals to purchase Time Warner and Wyeth, respectively. Even so, at 7.7%, AT&T's potential bill is actually bigger as a proportion of the deal's value. A sign of quite how much AT&T wants the deal, and any improvements it will bring to its congested network?