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As of 11:44:00 AM EDT Fri, September 21, 2007
NEC SAID it would be unable to file financial reports required by U.S. regulators, raising the likelihood the Japanese electronics maker's Nasdaq-traded American depositary receipts will be de-listed.
Asian indexes were mixed Friday after two days of advances. Japanese exporters lost ground due to the strengthened yen, but Hong Kong stocks reached their third consecutive record high.
Mattel issued an apology to China over its toy recall, saying most of the items were defective because of the toymaker's design flaws rather than faulty manufacturing.  11:44 a.m.
SK Telecom agreed to invest up to $270 million in Helio, its wireless joint venture with EarthLink that has been hemorrhaging funds.  10:45 a.m.
A new bishop of Beijing was installed by China's state-controlled Catholic Church in an appointment church officials say had the Vatican's approval.
China's liberalization of energy prices may be one casualty of the government's struggle to contain inflation.
Thousands of monks marched to Myanmar's holiest shrine on the fourth day of protests that pose the greatest threat to the military junta in a decade.  10:03 a.m.
Qatar Investment Authority snapped up a 9.98% stake in OMX, threatening Nasdaq's bid. Qatar also bought a 20% stake in the London Stock Exchange.
Pakistan's Musharraf will seek a new five-year term in a presidential election set for Oct. 6, even as opponents urged the courts to stop him from running and vowed to quit Parliament in protest.
Singapore's Temasek is getting its third investment chief in less than a year, while another executive is leaving to set up a private-equity fund.
China's liberalization of energy prices may be one casualty of the government's struggle to contain inflation.
 

 
Qatar Investment Authority snapped up a 9.98% stake in OMX, threatening Nasdaq's bid. Qatar also bought a 20% stake in the London Stock Exchange.
 
The fallout from the crisis that began in the U.S. subprime mortgage market could be an opportunity for Australia's big four banks to snatch market share from more vulnerable competitors or buy smaller players cheaply.
 

 
The Chinese government's struggle to contain inflation is starting to crimp its room to maneuver on other economic policies.
 

 
Money launderers are using small ATM transactions to move large amounts of money around the globe without detection. The strategy has emerged as a vexing challenge for officials charged with stanching the illegal movement of money by drug traffickers, terrorists and organized-crime rings.
 

 
[Beijing Olympics]
Examine China's efforts to prepare for the 2008 Olympic Games in Beijing.

Norman Hsu used political fund-raising to lift his profile and to find investors for illegal Ponzi schemes, federal prosecutors said.
 
MORE
 

 

 
 
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ReligonAncient Rite: Churches have reinvented confession.
EyechartSpace Squinters: NASA is loosening its vision standards.
Numbers GuyNumbers Guy: The Web shows how politicians massage statistics.
GunHold Up: Democrats shoot themselves in the foot over gun control.
HSUPonzi Scheme: The U.S. alleges Hsu used his role to lure investors.
QODQuestion of the Day: Should a foreign state own part of a U.S. market?
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29,166,100
28,009,731
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WALL STREET JOURNAL ARTICLES  
• The Invasion of the Renters

In another manifestation of the housing slump, thousands of property owners across the country are now renting out homes they cannot sell. As a result, developments and condos are filling up with renters who some neighbors say are less engaged in their communities and less concerned about maintenance. Fearful of declining property values, some homeowners are fighting back.

• City Life
• Un-Confounding Compounding

Terri Cullen's 8-year-old son's passbook savings account has swelled past $1,000. So this month he graduated to a "big boy" account -- a certificate of deposit. Terri explains how she introduced the joy of compound interest.

• Confessional Comeback

Sin never goes out of style, but confession is undergoing a revival. Aggressive marketing by churches has helped reinvent confession as a form of self-improvement rather than a punitive rite. Technology is creating new avenues for redemption, and the appetite for introspection has been growing.
Slideshow: Star Revelations

• Tastings
• Volvo Takes Aim at the Mini Cooper

Urban hipsters and the like, take note: Volvo's new C30 goes on sale Oct. 1. A jaunty hatchback with a turbocharged engine, this dramatic three-door will all but beg you to take it for a spin.

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•  After the Boom: The U.S. housing market has skidded since a years-long boom peaked in the fourth quarter of 2005. See mortgage-delinquency rates from recent quarters. 09/20/2007
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