Special Report: A Guide to Self-Employment

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Gas Explosion Engulfs Homes in San Francisco Suburb

A natural-gas explosion tore through the San Francisco suburb of San Bruno yesterday, igniting a fire that destroyed dozens of homes and killed at least one person, authorities said.

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Congress Yuan Action May Spark China Treasuries Sale, Roach Says

President Barack Obama may be pressured by election-year politics to sign legislation aimed at China’s currency, sparking retaliation that could include Chinese selling of U.S. Treasuries, Morgan Stanley Asia Chairman Stephen Roach said.

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Incubator Bank Failure Triggers Deposit Insurance Cap

Incubator Bank of Japan Ltd. declared bankruptcy today, triggering the government’s 10 million yen ($119,000) government deposit insurance cap for the first time in 40 years.

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Dubai World Gets 99% Lenders Agreement to Debt Plan

Dubai World, the state-owned holding company seeking to alter the terms on $14.4 billion of bank debt, said creditors representing about 99 percent of the loans agreed to the restructuring proposal made in May.

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