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Wednesday
June 27, 2012
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PAGE ONE
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![[image]](http://web.archive.org/web/20120627191912im_/http://si.wsj.net/public/resources/images/OB-TN483_0626ep_D_20120626161420.jpg)
Court Backs EPA on Warming
A federal appeals court upheld the EPA's first-ever rules limiting carbon-dioxide emissions, a major victory for the Obama administration.
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Business
![[image]](http://web.archive.org/web/20120627191912im_/http://si.wsj.net/public/resources/images/P1-BG795_AMEROI_A_20120626170744.jpg)
U.S. Weans Itself From Mideast Oil
America will halve its reliance on Middle East oil by the end of this decade and could end it completely by 2035 due to declining demand and growth of new petroleum sources, energy analysts say.
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Media & Marketing
![[image]](http://web.archive.org/web/20120627191912im_/http://si.wsj.net/public/resources/images/OB-TN294_rupert_A_20120626061649.jpg)
News Corp. Advances Plan to Split
News Corp. board is set to decide Wednesday whether to proceed with a split of the media conglomerate into two companies, carving the bigger and more profitable entertainment businesses from the newspapers.
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![[image]](http://web.archive.org/web/20120627191912im_/http://si.wsj.net/public/resources/images/OB-TN498_SAUSAG_A_20120626164605.jpg)
Cajun Towns Feud About Sausage With Links to the Past
Few would dispute that southern Louisiana is boudin heaven. Trickier to answer is which of three competing Cajun communities is the sausage's official mecca.
What's News
Latest on WSJ Home»BUSINESS & FINANCE
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Best Buy founder Richard Schulze, who resigned as chairman earlier this month, is working with a Wall Street bank to explore taking the electronics retailer private, the latest twist in a tumultuous year at the company.
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Global commodities giants Xstrata and Glencore are under intense pressure to amend their proposed merger in the face of mounting shareholder opposition to the terms.
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The SEC voted to file a civil lawsuit against hedge-fund manager Philip Falcone and his firm after settlement talks failed to produce a deal.
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News Corp.'s board is set to decide Wednesday whether to proceed with a split of the media conglomerate into two companies.
WORLD-WIDE
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Obama retains a narrow lead in his re-election race. The president leads Romney 47% to 44%, according to a new Wall Street Journal/NBC News poll. His advantage is most pronounced in 12 swing states, which together favor him 50% to 42%. Obama's standing among white, working-class voters continues to erode. More people viewed Romney unfavorably than favorably by a six-point margin.
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Slightly more Americans say the health-care law was a bad idea than a good one and 37% want it overturned.
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A U.S. appeals court backed the EPA on limiting greenhouse-gas emissions, upholding a finding that they contribute to global warming.
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New York Rep. Rangel won the Democratic primary and Utah's GOP Sen. Hatch defeated his rival, after the strongest challenges of their careers.
U.S. NEWS
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U.S. News
![[image]](http://web.archive.org/web/20120627191912im_/http://si.wsj.net/public/resources/images/NA-BR323_UVAPRE_A_20120626183149.jpg)
University Board Reinstates Leader
The University of Virginia board voted unanimously to reinstate ousted President Teresa Sullivan, a rare reversal on the heels of two weeks of protests from faculty, students and alumni.
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Economy
U.S. Urged To Bolster Economy
The U.S. economic recovery may be gaining momentum, but the country faces challenges, the OECD said in a new report. Separately, U.S. consumers' mood on the economy soured in June.
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U.S. News
![[image]](http://web.archive.org/web/20120627191912im_/http://si.wsj.net/public/resources/images/NA-BR315_GARBAG_A_20120626172341.jpg)
Portland Puts New Twist on Trash Pickup
Oregon's largest city now picks up garbage once every two weeks, but collects yard waste and kitchen scraps weekly. The goal: churn Portland's considerable volume of vegetation into compost.
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Health & Wellness
![[image]](http://web.archive.org/web/20120627191912im_/http://si.wsj.net/public/resources/images/OB-TN512_fruits_A_20120626171833.jpg)
Not All Calories Are Equal, Study Shows
A diet based on healthy carbohydrates offers the best chance of keeping weight off without bringing unwanted side effects, a new study shows.
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Economy
Home Prices Rise in Metro Areas
Home prices in the largest metropolitan areas rose again in April, providing further evidence that the housing market is slowly recuperating.
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Reporter's Journal
![[image]](http://web.archive.org/web/20120627191912im_/http://si.wsj.net/public/resources/images/NA-BR329_DAIRYs_A_20120626200709.jpg)
Yogurt Boom Leaves Dairy Farmers Behind
The popularity of Greek-style yogurt has brought manufacturing jobs to New Berlin, N.Y., a tiny town in the green hills of the state's central region. But farmers can't keep up with the escalating demand for milk.
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U.S. Watch
Today's U.S. Watch
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Remembrances
![[image]](http://web.archive.org/web/20120627191912im_/http://si.wsj.net/public/resources/images/OB-TN572_0626ep_A_20120626195336.jpg)
Screenwriter Nora Ephron Dies at 71
Nora Ephron, an essayist and screenwriter whose fixation on food, real estate and the relationships between men and women helped reinvigorate the Hollywood romantic comedy, dies at 71.
ELECTION 2012
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Election 2012
![[image]](http://web.archive.org/web/20120627191912im_/http://si.wsj.net/public/resources/images/OB-TN538_0626po_A_20120626175855.jpg)
Obama Clings to Narrow Lead in Poll
Obama has managed to retain a narrow lead in his race for re-election despite a spate of bad economic news and surging GOP optimism about Romney's prospects, a new Wall Street Journal/NBC News poll finds.
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New York
![[image]](http://web.archive.org/web/20120627191912im_/http://si.wsj.net/public/resources/images/OB-TN673_0626ra_A_20120627001018.jpg)
Hatch, Rangel Beat Back Challenges
Two longtime congressional incumbents beat back strong challenges in primary elections. In New York, Rep. Charles Rangel is on track to claim a 22nd two-year term. In Utah, Sen. Orrin Hatch easily defeated a challenger who ran aggressively to his right.
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Politics
![[image]](http://web.archive.org/web/20120627191912im_/http://si.wsj.net/public/resources/images/OB-TN453_0626po_A_20120626145318.jpg)
Americans Are Divided on Health Law
Slightly more Americans than not think the health-care overhaul was a bad idea, but divisions run deeper over whether the Supreme Court should overturn the law.
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Politics
NRC Chief Is Faulted By Probe
An investigation found that Gregory Jaczko, outgoing chairman of the Nuclear Regulatory Commission, behaved in a way that was "not supportive of an open and collaborative work environment" and gave testimony to Congress that contradicted accounts from other agency officials.
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Business
![[image]](http://web.archive.org/web/20120627191912im_/http://si.wsj.net/public/resources/images/NA-BR325_ARIZON_A_20120626200458.jpg)
Court Sets Off Latino Vote Drive in Arizona
A day after the Supreme Court upheld a key provision of Arizona's immigration law, Democrats and advocates seized the decision as an opportunity to encourage Latinos to register to vote.
WORLD NEWS
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Business
![[image]](http://web.archive.org/web/20120627191912im_/http://si.wsj.net/public/resources/images/EI-BU037A_CT_EU_A_20120626204649.jpg)
New Plan Sees Closer Euro-Zone Ties
The supervision of euro-zone banks should be transferred to a European overseer, possibly the ECB, top EU officials said.
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Europe News
![[image]](http://web.archive.org/web/20120627191912im_/http://si.wsj.net/public/resources/images/OB-TN307_yannis_A_20120626080915.jpg)
Greece Names New Finance Chief
Greece's new government picked Yannis Stournaras, a 55-year-old professor of economics, to be finance minister, replacing the previous nominee a day after he bowed out because of health problems.
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Europe News
![[image]](http://web.archive.org/web/20120627191912im_/http://si.wsj.net/public/resources/images/WO-AK229_ELSA_A_20120626190954.jpg)
Italian Official Seeks Cultural Shift
Italy's Parliament is set to approve a watershed labor law, but even the law's architect, Elsa Fornero, says its success will hinge on a deeper cultural change in Italy.
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Europe News
France to Boost Minimum Wage
France's government will increase the minimum wage by more than inflation this year for the first time since 2006, in the hope that stronger consumption will revive the country's ailing economy.
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Middle East News
![[image]](http://web.archive.org/web/20120627191912im_/http://si.wsj.net/public/resources/images/WO-AK230_TURKSY_A_20120626174041.jpg)
Turkey Warns of Syria Retaliation
Turkey threatened military retaliation against Syrian forces near its border, as hostilities rose five days after Syria shot down a Turkish military jet.
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Middle East News
Rebel-Army Backers Open U.S. Office
Supporters of the Free Syrian Army have established an outreach office in Washington for a lobbying effort that is likely to feed the Obama administration's discussions on whether to arm the group or more directly intervene in the Syrian conflict.
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Middle East News
![[image]](http://web.archive.org/web/20120627191912im_/http://si.wsj.net/public/resources/images/WO-AK231_ISRAEL_A_20120626174107.jpg)
Calm Prevails as Israel Evicts Settlers
Israel started evacuating Jewish settlers Tuesday from buildings built on Palestinian land in a settlement near Ramallah, the first such eviction carried out by Prime Minister Benjamin Netanyahu.
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Middle East News
![[image]](http://web.archive.org/web/20120627191912im_/http://si.wsj.net/public/resources/images/WO-AK232_EGARRE_A_20120626201120.jpg)
Egypt Ruling Clips Military Powers
An Egyptian court reversed a government decision allowing military police and intelligence to arrest civilians, a setback for the country's military rulers.
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India News
India's Finance Minister Resigns
Indian Prime Minister Manmohan Singh will take charge of the finance ministry after Pranab Mukherjee resigned as finance minister to contest the presidential polls next month.
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Reporter's Journal
![[image]](http://web.archive.org/web/20120627191912im_/http://si.wsj.net/public/resources/images/WO-AK233_EGPART_A_20120626201153.jpg)
Drowning Fears in Beer, Tattoo Ink in Cairo
Some secular Egyptians worried about what conservative Islamist Mohammed Morsi's presidency could mean for their way of life are responding to his election in creative ways.
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Europe News
Drug Use Climbs in Poorer Nations
A decadelong expansion of the world's developing economies has come with an unwanted side-effect: Rising consumption of cocaine and other illegal drugs.
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Africa News
![[image]](http://web.archive.org/web/20120627191912im_/http://si.wsj.net/public/resources/images/WO-AK227_SAPOL_A_20120626173539.jpg)
Zuma Renews Push for Power
President Jacob Zuma vowed to end the economic monopoly that he said whites hold over South Africa, as he launched his bid to remain in charge of the ruling African National Congress.
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Asia News
![[image]](http://web.archive.org/web/20120627191912im_/http://si.wsj.net/public/resources/images/OB-TN234_jtax06_A_20120626020039.jpg)
Tax Bill Passes Japan's Lower House
Japan's lower house of parliament voted to approve a bill to double the national sales tax, handing Prime Minister Yoshihiko Noda his flagship policy for fiscal reform at the cost of a potentially divisive rebellion within the ruling party.
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World Watch
Today's Paper
FOOTNOTES
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Italy's Labor Minister Elsa Fornero spoke with the Wall Street Journal ahead of a parliamentary vote on her landmark labor overhaul. Here is an edited transcript of the interview.
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More Homeowners Get Mortgage Principal Reduced, but Numbers Still Small
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Big Issues in Education
Should Tenure for Professors Be Ended?
At some point, discussions about the quality of higher education in the U.S. come around to the subject of tenure. And the disagreement could hardly be more stark.
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