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What Recession? Wal-Mart, Hasbro, Ford, Consumer Share Gains Beat S&P 500 What recession?

Valero Declines After Goldman Cites Potential for Cut in Profit Estimates Valero Energy Corp., the largest U.S. refiner, fell to the lowest since 2005 in New York after Goldman Sachs Group Inc. removed the company from its ``conviction buy list'' on concern analysts may reduce their profit estimates in the second quarter.

Mobius Says Korean Stocks Are Cheap, Will Outperform, Won Is Undervalued South Korea's won, the world's worst performing major currency this year, is undervalued by about 8 percent and the nation's stocks should outperform, said Mark Mobius, who manages emerging-market shares at Templeton Asset Management Ltd.

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Columns

MICHAEL R. SESIT

Tight Money Won't Slay Food, Energy Inflation

Inflation is like the boor who goes to the hottest restaurant in town without a reservation, barges past the maitre d' and then grabs a seat, refusing to leave. The restaurant can accommodate the unwelcome customer, hope he'll eventually depart of his own volition or try to throw him out.

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JOE MYSAK

UBS's Exit Strikes at Heart of Municipal-Bond Market

For anyone who remembered the last time the industry fell apart, the news was stunning: UBS AG is getting out of the municipal bond business.

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JOHN F. WASIK

Hidden Mortgage Risks Abound in U.S. Home Market

Bottoms up! It's time to swallow a heavy dose of risk realism when considering the U.S. home market.

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