Today's Paper: Europe

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	April 28, 2009 -- 5:30 a.m.

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 Pandemic Risk Grows as New Cases Pop Up The WHO moved closer to declaring a flu pandemic. The CDC doubled its number of confirmed U.S. cases to 40 and the U.S. issued a travel advisory for Mexico. • Photos | Video | Q&A: A Flu Primer • Map: Human Cases Around the World • Complete Coverage | News Tracker   GM Offers U.S. a Majority Stake GM outlined a new turnaround plan that would leave the U.S. government controlling the auto maker, as it set up a showdown with bondholders. • GM statement | Video: Survival Plan   Europe Hit by Cases as Officials Prepare The first confirmed cases of swine flu in Spain and Scotland prompted European countries to revive pandemic plans drawn up during the avian flu crisis. • Photos | Video | Q&A: A Flu Primer • Europe Drug Firms Ready to Fight Flu • Swine Flu: Complete Coverage   A2 • Trichet Urges a Level Field   A3 • FSA Chief Says Large Bank Firms Need Tighter Rules • LCH.Clearnet Is the Target as Banks Ready a Bid   CORPORATE NEWS A4 Chrysler, UAW Amend Labor Pact to Cut Costs The UAW agreed to amend a labor contract with Chrysler, allowing it to pursue a partnership with Fiat.   Car Dealers' Next Headache: Inventory Loans Car dealers are worried about how possible GM or Chrysler bankruptcy filings could trigger repayment clauses in inventory loans.   A5 • Fall in Luxury Demand Hurts Audi • Mitsubishi, Hino Report Net Losses; Daihatsu Falters • Intelsat, Australia Sign 15-Year Deal • Volkswagen to Raise U.S., Mexico Output by 2018   A6 • MySpace Hires Two Officers To Fill Ranks • Facebook Opens Site To Developers Of Services • Chip Makers Are in Merger Talks • Sharp Posts $1.3 Billion Loss, Forecasts Recovery Next Year   A7 • Merck KgaA's Net Falls 76% • Drug Cuts Cancer Risk   A8 • Best Buy Expands Private-Label Brands • Condé Nast Shuts Down Portfolio   ECONOMY AND POLITICS A9 Fight Escalates Between Pakistani Military, Taliban The Taliban controlling Pakistan's Swat Valley declared a peace deal with the government there "worthless" amid a second day of clashes.   Sri Lanka Curbs Military Offensive Against Rebels The Sri Lanka government said it backed off an offensive that has devastated the separatist Tamil Tigers but forced hundreds of thousands of people to flee. • Photos: Seeking Refuge in Sri Lanka   A10 • U.S. Seeks to Assure Arabs on Iran • Ruling-Party Candidate Wins Russian Race • U.S. Weighs Release of More CIA Memos   A11 • Real Pirates Have Taken the 'Ho Ho' Out of 'Yo Ho Ho' for Cap'n Slappy   A12 • A 'Classified' Photo Op Turns Into a Soaring Blunder for the White House • Foreign Businesses Say China Is Growing More Protectionist • CAPITAL JOURNAL: GOP's Hopes Bloom Outside D.C.   A13 OPINION Another GOP Defeat Albany lifers are lousy candidates.   Busting Bank of America A case study in how to spread systemic financial risk.   The ACLU's Photo Shoot Another misguided attempt at 'moral superiority.'     A14 OPINION STATE OF THE UNION Is Britain Finished? By Eamonn Butler The country's only chance is a leaner, sounder and less indebted government.   • THE AMERICAS: The Idiot's Bible   A15 OPINION JUDY SHELTON The IMF's Gold Gambit The fund's misuse of bullion reserves is crucial to its plan to use the financial crisis to expand its power.   WILLIAM M. MCSWAIN Misconceptions About the Interrogation Memos Their goal was to allow the CIA and military to stay within the parameters of a murky area of the law.     A16 • Thain Fires Back at Bank of America   MARKETPLACE A29 THE MIDDLE SEAT From Paradise to Hellish Hours on the Tarmac After fiascoes two years ago, airlines promised to do more to avoid stranding passengers. Delta Flight 510 is a reminder that problems persist. • Podcast: Trapped Onboard   Beware of Barcelona's Three-Headed Monster Chelsea's defenders should be very, very afraid, when the English football club faces Barcelona's offense in the semifinals of the Champions League.   A30 • European Drug Companies Prepare to Respond   A31 • Airlines Could Be Affected if Passengers Curb Travel • Asian Nations Move Quickly to Check Virus   A32 • HEARD ON THE STREET: Flu Fears Add to World's Troubles • HEARD ON THE STREET: Sticky Leverage • HEARD ON THE STREET: Retailers Look to Banking • Science Races to Parse New Virus View the latest What's News Online Past Editions of In Today's Paper advertisement MONEY AND INVESTING A19 Grübel Ousts UBS's Banking Chief UBS's new CEO removed the Swiss bank's investment- banking chief Jerker Johansson and named two successors to fill the post.   Banco Popular Sees Profit Fall; Cost Cuts Ahead Banco Popular Español saw a 31% drop in first-quarter profit on loan-loss provisions. Branch closures and cost cuts are planned.   Satellite Phone Plan Aims High Harbinger's Falcone is moving ahead with a multibillion-dollar plan to build a satellite-cellphone business.   A20 • Drug Shares Lift European Markets Amid Swine-Flu Fears • Flu Outbreak Depresses Markets • CURRENCY TRADING: Traders Run From the Peso • CREDIT MARKETS: GM Debt-Exchange Plan Faces Hurdle • IRS to Expand Use of 'John Doe' Tactic   A21 • Sberbank profit took hit in 2008 on loan provisions • Nigeria Moves to Address Chronic Power Outages • Follow-On Deals Take a Night Shift   A22 • Malaysia Retools Finance • Deutsche Bank's CEO to Stay Until 2013 • India's Infrastructure Funds Fall • How Group Decisions End Up Wrong-Footed   A23 • Convertibles Re-Emerge • Nomura's Nick Jordan Won't Get Russia Post • Fortis Hires Citi's Elkhouly as an Investment Manager   A24 • COMMODITIES REPORT: Lean Hog Prices Fall by CME's Daily Limit • Swine Flu Hurts Tourism Stocks, Boosts Pharmaceuticals • Foreign Businesses Say China Is Growing More Protectionist • Ping An's net drops as investments fall, costs rise   A25 • Tokyo Forecasts GDP Contraction of 3.3% for Year • ADB: Climate Change to Hurt Southeast Asia • China Flexes Global Merger Clout, Imposes Conditions on Lucite Deal

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