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• Ethanol Loses Versus Gasoline as Corn Falls on Higher Planting

  Updated 13 minutes ago

  Ethanol declined against gasoline on speculation that dry, warm weather in the U.S. Midwest led to an increase in corn planting, cutting costs for the biofuel’s feedstock.

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  H-1B Models Strut Into U.S. as Programmers Pray for Help

  Updated 38 minutes ago

  Ravi Shanker makes weekly pilgrimages to Chilkur Balaji temple outside Hyderabad, India, asking for a little help on a visa from an incarnation of Lord Vishnu.

• U.S. Faces Downgrade in 2013 Without Budget Deal, Moody’s Warns

  Updated 24 minutes ago

  U.S. policy makers must address debt loads projected to rise later this decade to avoid a 2013 downgrade, even as the latest budget projections are “credit positive,” according to Moody’s Investors Service.

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  Yen Rebounds, S&P 500 Reaches Record as Commodities Gain

  Updated 45 minutes ago

  The yen rebounded from the weakest level since October 2008 as Japan’s economy minister expressed concern about its slide. The Standard & Poor’s 500 Index reached another record amid optimism about dealmaking, while natural gas led gains in commodities.

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  U.S. Stocks Extend Four-Week Advance on Corporate Deals

  Updated 51 minutes ago

  U.S. stocks rose, extending the Standard & Poor’s 500 Index’s all-time high, on corporate dealmaking as energy shares rallied.

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  Tumblr’s 26-Year-Old Founder Celebrates $1.1 Billion Deal

  Updated 20 minutes ago

  Tumblr Inc. Chief Executive Officer David Karp, a 26-year-old who started the company in 2007, signed a note announcing Yahoo! Inc.’s $1.1 billion acquisition with the salutation, “F--- yeah.”

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  Silver Plunges to Lowest Since 2010 as Gold Drops for Eighth Day

  Updated 50 minutes ago

  Silver tumbled to the lowest since September 2010 as today’s price declines led to a trading halt by the CME Group Inc.’s Comex exchange, while gold extended the longest slump in four years.

• Willis Hires BCG’s Guo in Asia Investment-Banking Push

  Updated 33 minutes ago

  Willis Group Holdings Plc, the third- largest insurance broker, hired Michael Guo as head of Asia in the capital-markets operation as the company seeks more investment-banking business.

• Citigroup Says Fraser to Replace Das as CEO of CitiMortgage

  Updated 57 minutes ago

  Citigroup Inc., the third-largest U.S. bank by assets, named private-banking boss Jane Fraser to replace Sanjiv Das as chief executive officer of the CitiMortgage unit.

• Emerging-Market Stocks Advance as Stronger Yen Boosts Exporters

  Updated 19 minutes ago

  Emerging-market stocks advanced to a one-week high as a stronger Japanese currency lifted global exporters. The Jakarta Composite Index surged to a record.

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