Today's Paper: Europe

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	March 2, 2009 -- 12:00 a.m. EST

Visit WSJ.com at U.S. | EUROPE | ASIA News by section: Page One | Corporate News | Economy and Politics | Money and Investing | Marketplace   PAGE ONE A1 U.S. Revamps Bailout of AIG The federal government is overhauling its $150 billion bailout of AIG in a bid to bolster the battered insurer, but its plan will expose U.S. taxpayers to more financial risk. • AIG Sues Its Benefactor Over Taxes   Tesco Tries to Hit a U.S. Curveball Tesco has been forced by the consumer-spending slump to slash prices, advertise aggressively and otherwise alter its U.S. expansion strategy.   EU Rejects a Rescue of Faltering East Europe EU leaders, led by German Chancellor Angela Merkel, rejected a call for a sweeping bailout of Eastern Europe.   A2 • RBS in Talks With ANZ to Sell Some Asian Assets   A3 • MANAGEMENT: Goodwin on RBS Giveback: No, Sir • Lloyds Fails to Clinch Agreement With U.K. • HSBC Trims U.S. Consumer Unit   CORPORATE NEWS A4 H&M Launches Home Textiles in Bid to Offset Fashion Slowdown Fashion giant Hennes & Mauritz aims to offset slowing sales at its mainstream stores with its new online home-textile business.   Hachette to Break Through 'Silos' As It Restructures Women's Magazines New York publisher Hachette will move toward fortifying itself, reorganizing its women's magazines, which include Elle and Woman's Day.   Deutsche Telekom Cuts Loss; Telecom Italia's Net Doubles Deutsche Telekom posted a narrower fourth-quarter net loss, beating market expectations, and raised its 2009 outlook.   A5 • Germany's 'Scrap' Bonus Fuels Car Sales • GM Would Sell Opel Stake to Get Aid From Europe • Daimler Expects Small Sales Rise in '10   A6 • Kremlin, Russia's Metals Tycoons Shelve Plan for Giant Merger • Iberia Posts Loss on Travel Slump, Hedging • Ferrovial Swings to 2008 Loss, Hit By Big Tax Provisions, Downturn   A7 • Stringer Steps Up as Sony Faces Slump • Enel Considers Options to Shrink Debt • Acciona's Full-Year Net Drops 51%, Hurt by Debt Tied to Endesa Deal   ECONOMY AND POLITICS A8 Clinton Vows 'New Path' in Mideast As She Arrives With Seasoned Team Hillary Clinton will visit Israel, leading a team of peacemakers with a rare depth of first-hand experience in the Mideast.   PRIVATE PROPERTIES Strapped Iceland Lists Homes in D.C., New York, London Iceland's government, devastated by the downturn, is trying to sell ambassadorial residences in Washington, New York, London and Oslo to raise money. • Photos: Iceland Lists Houses   Iceland Names Central-Bank Chief Iceland's new prime minister named a caretaker central-bank governor, marking a victory in her battle against former bank chief David Oddsson. • Strapped Iceland Lists International Homes   Russia Figures Prominently In Clinton's Europe Visit Hillary Clinton is set to meet Russia's top diplomat after a flurry of commentary on the Obama administration's plan to "reset" ties with Moscow.   A9 • Economy in Worst Fall Since '82   A10 • Regulators See Big Funding Boost • U.S., Afghans Criticize Call for Early Elections • THE OUTLOOK: Stocks Will Indicate When the Tide Is Turning   A11 OPINION Your Citibank Too big to fail, too big to succeed.   Obama's Bush Vindication The President's good turn on Iraq.   The Odor Across the Oder What's gone wrong in Eastern Europe.     A12 OPINION The Trade Solution By Tim Groser Completing the Doha Round will boost the world economy.   THE WEEKEND INTERVIEW A Resolute Ally in the War on Terror Canadians are with us in Afghanistan. We should be with them on free trade.     A13 OPINION JOEL KOTKIN The Democratic Party Could Face an Internal Civil War 'Gentry' and 'populist' factions square off on energy and the environment.   Israel Can't Afford Any More Dangerous Concessions By Tom Gross Obama shouldn't push the Jewish state to give territory to terrorists.     A14 • The Wallenberg Curse   MARKETPLACE A26 Generalísimo Francisco Franco Is Still Dead -- And His Statues Are Next Spain is on a controversial mission to expunge emblems of its painful past, raised hackles among conservatives who say it is reopening old wounds.   Argentina Withholds German Art Loan Argentina's National Museum of Fine Arts is withholding some key art pieces from an exhibition in Frankfurt out of concern that German bondholders would seize them.   A27 • U.S. Is Upbeat on Military Talks With Beijing   A28 • HEARD ON THE STREET: Poland Shouldn't Join the Euro • HEARD ON THE STREET: Tier 1 Bank Debt Still Unloved • International Debt Soars Due to Bank Guarantees View the latest What's News Online Past Editions of In Today's Paper advertisement MONEY AND INVESTING A17 For Buffett, It Was a Very Bad Year Warren Buffett's annual letter revealed 2008 was his worst year ever for investing; the billionaire said he "did some dumb things." • Econ: Warren Buffett on the Economy • Letter Highlights: 'Did Some Dumb Things' • Berkshire's annual letter to shareholders.   ABREAST OF THE MARKET Decremental? Fitting Word for Ugly Times Every era on Wall Street has its buzzwords, and in today's era of economic decline, that term is "decremental."   Another Wave of Withdrawals Expected to Hit Hedge Funds Heavy withdrawals from hedge funds aren't letting up, following a 20% decrease in assets under management in the second half of last year.   A18 • CREDIT MARKETS: Treasurys Set to Rise as Note Sales Abate • CURRENCY TRADING: Dollar Poised for Gains Against Euro and Pound   A19 • Citi, U.S. Reach Accord on a Third Bailout • MANAGEMENT: Citi Board Revamp Faces Hurdles • COMMODITIES REPORT: Miners Hedge Bets as Metal Prices Fall   A20 • Rozanov Leaves Merrill Lynch as Firm Lays Off Russian Staff • Oslo Bors Plans Clearinghouse   A21 • Banks Move to Free Up Eastern Europe Lending • Chinalco's New President Affirms Interest in Buying Rio Tinto Stake • Tokyo rises 1.5% in volatile trade; Shanghai slides   A22 • A Small New York Town Grapples With Alleged Fraud • New SEC Complaint Says Stanford Ran Ponzi Scheme

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