Today's Paper: Europe

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	May 26, 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 Korean Blast Draws Outrage Nations around the world expressed alarm after North Korea set off its most powerful nuclear test yet, raising concern about how to rein in Pyongyang's growing security threat.   Russia Tycoon Is Near Deals on Empire Embattled Russian tycoon Oleg Deripaska is close to agreements to restructure his companies' multibillion-dollar debts that should allow his empire to survive.   Gates Says Taliban Have Momentum in Afghanistan Gates said public support for the Afghan war will dissipate in less than a year unless the administration achieves a "perceptible shift in momentum."   A2 • Germans Hope to Act Soon to Separate Opel From GM Fate • Thai Protest Group Votes to Form a Political Party • Ukraine's economy contracts   A3 • Russia Faces Budget Cuts Amid Crisis • Write-Downs Hit Norilsk's Net   CORPORATE NEWS A4 Bharti, MTN Revive Talks on Creating Cellular Giant India's Bharti Airtel has resurrected merger talks with South Africa's MTN in a potential $23 billion deal to create a new international phone giant powered by the developing world. • Heard: Bharti + MTN = What, Exactly?   In Europe, EBay Gains in Fights Over Fakes Luxury companies take a hit in the fight to control who sells their brands online in Europe.   A5 • Citic Pacific Plans Iron Ore Investment • Bharti Wal-Mart Delays Opening India Store   A6 • Danone Plans $4.2 Billion Rights Issue • Chevron Cuts Nigeria Output After Attack on Oil Pipeline • Obama Administration Sparks Battery Gold Rush   A7 • IMG China Venture Opens With Tennis • PetroChina Is Set to Go It Alone • U.S. Regulator Likely to Block CSL's Takeover of Talecris   ECONOMY AND POLITICS A8 CEOs Urge Clarity In Emissions Pact Chiefs of some of the world's largest companies are urging global leaders to cut a deal this December to curb pollution, saying they need certainty on emissions targets.   EU Plans Cameras to Monitor Fishing Boats' Catch The EU is considering closed-circuit cameras for fishing boats as part of a plan to revive the bloc's efforts to stop overfishing in its waters.   France Keeps an Eye on Iran While Opening U.A.E. Base Sarkozy landed in the U.A.E., where he is set to inaugurate a French military base at a time of growing pressure on neighbor Iran to give up its nuclear ambitions.   A9 • German Business Confidence Improves • Las Vegas Hopes President's Visit Brings Some Luck • CAPITAL JOURNAL: Leaders Jockey for Diplomatic Edge   A10 • India Acts to Quell Punjab Riots Over Slain Guru • Mongolia's Opposition Claims Victory in Elections   MARKETPLACE A35 On the Radar: Bird-Proofing U.S. Air Traffic The FAA says its "bird radar" test in Seattle has gone well, and it will begin similar tests this summer at Chicago's O'Hare and New York's Kennedy airports. • Podcast: Testing "bird radar" at airports   HEALTH JOURNAL How's Your Baby? Recalling The Apgar Score's Namesake The Apgar score laid the foundation for the field of neonatology, and Dr. Virginia Apgar became a legendary figure in medicine. • Video: Assigning newborns' score | Discuss   A36 • Taiwan Firm to Offer Google Phone in China • Chinese Investors to Take Minority Stake in Cleveland Cavaliers   A37 • The New Résumé: Dumb and Dumber • A Web Presence From Scratch   A38 • A Fan Hits a Roadblock on Drive to See Every Starbucks • Texas Mayor Trades Job for Romance in Mexico   A39 • Farmers Across Europe Protest Low Milk Prices   A40 • HEARD ON THE STREET: Switching Horses on Oil Strategy • TNK-BP CEO Search Intensifies • Strong euro, weak ECB View the latest What's News Online Past Editions of In Today's Paper advertisement A15 OPINION Kim's Nuclear Fallout Pyongyang's test may empower Iran and other rogue states.   Malaria, Politics and DDT The U.N. bows to the anti-insecticide lobby.   Seoul-ed Short South Korea does the right thing on short selling, but for the wrong reasons.   A16 OPINION STATE OF THE UNION Good Plan for Bad Banks By Dennis J. Snower There is a way of saving financial institutions without soaking taxpayers.   GLOBAL VIEW Obama and the 'South Park' Gnomes Too many initiatives that require a leap of faith.     A17 OPINION Pyongyang's Proliferation Threat By Gordon H. Chang Kim Jong Il's nuclear sales pitch.   Victoria and Albert, Allies in Love A happy marriage that was 'an extraordinary feat.'     A18 • Job Fight: Immigrants vs. Locals   MONEY AND INVESTING A25 ABREAST OF THE MARKET MIA Analysts Give Companies Worries Analysts' ranks shrink, leaving companies scrambling to get exposure with institutional investors and worried about the impact on their stock.   Lehman Units Argue Bankruptcy U.S. Lehman bankruptcy administrators are seeking to operate under a global understanding; those in the U.K. prefer local practices.   European Investors Grab Corporate Debt Investors are coming to the rescue of cash-strapped companies in Europe by piling into even risky bonds at a rate that has surprised some analysts.   A26 • Europe's Stocks Finish Mixed • CURRENCY TRADING: Dollar Vexes Asian Central Banks   A27 • RBS-Acquired Unit Weighs on ABN Amro's Results • Ticker Switch Lets NYSE Traders Use 4-Letter Words • A Hedge-Fund King Is Forced to Regroup   A28 • If You Think Worst Is Over, Take Benjamin Graham's Advice • Freddie May Sell New Bonds • Tech Stocks Put Zest Into the IPO Market   A29 • Bond Issues Surge, Syndicated Loans Fall • Standard Life Departure   A30 • Bank of America Has Modified 50,000 Mortgages • Kospi Pares Losses After North Korea Nuclear Test • COMMODITIES REPORT: Gold Rally Possible Over Inflation Fears   A31 • Private Equity Goes Banking, With a Federal Assist • Directors Are Faulted at Home Loan Banks

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