Today's Paper: Europe

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	July 2, 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 Bond-Market Finance Takes Hold Europe is seeing an unprecedented rise in companies' use of bond markets, rather than banks, to raise money.   U.S. Hardens Its Stance Ahead of Summit With Russia President Obama is hoping that progress on nuclear arms control, a major address on U.S.-Russia relations and overtures on missile defense will reduce tensions.   A2 • Iran Opposition Leaders Speak Amid Crackdown • BP-Led Oil Consortium Faces Challenges in Iraq   A3 • Toyota Builds Thicket of Patents Around Hybrid To Block Competitors • Car Makers See End to Sales Slide • GM Sales Show Significance of China • European Car Sales Get a Lift From Incentive Efforts   CORPORATE NEWS A4 U.K.'s National Express Loses Key Franchise The U.K. said that it seized the unprofitable franchise running passenger trains between London and Edinburgh because National Express wouldn't support it financially.   Mobile-Phone Use Gets Cheaper in EU An EU law cutting mobile-telephone roaming prices for text messages and Internet use by more than 60% took effect.   BA Is Criticized by Union for Failing to Appear for Talks; Airline Calls for Mediator British Airways called for a mediator to facilitate union talks as the Unite union criticized the carrier for failing to appear for negotiations.   A5 • Roche Cuts Tamiflu Price for Developing Countries • Lenders Push for Valentino Debt Deal • U.S. FDA Hands Novartis a Setback • SABMiller Plans Stake Sale in Unit • Warnings Sought by U.S. on Drugs to Halt Smoking • U.S. FDA Hands Novartis a Setback   A6 • Pepsi CEO Tours China To Get a Feel for Market • Marks & Spencer Posts 1.4% Sales Drop   A7 • India's Phone Centers Take Calls From Home • India Says Oversight To Increase   ECONOMY AND POLITICS A8 New Look at Election Spending Looms in September The Supreme Court ended its term without deciding a case that could test campaign-finance restrictions. • Chart: High Court Highlights   A9 • Danger Signs Seen in Vietnam Stimulus • Merkel's Tax Cut Splits Coalition • U.K. and EU Notch Gains • Albanian Election Result in Dispute   A10 • OAS Sets Deadline to Suspend Honduras   A11 OPINION The Wages of Chavismo The Honduran coup is a reaction to Chávez's rule by the mob.   Barroso the Bold? The president of the EU Commission can make the most of his likely second term by playing to his free-market strengths.   The 'Absentee' Senator Franken wins by changing the rules.     A12 OPINION U.N. Mission To Nowhere By Bertil Lintner Ban Ki-moon can't fell the Burnmese regime.     A13 OPINION BUSINESS WORLD Too Bernanke To Fail? There is no practical solution to "too big to fail," and no alternative to the Fed's ability to print money to ease potentially destabilizing financial panics.   GEORGE NEWMAN Parsing the Health Reform Arguments Some of the shibboleths we've heard in recent weeks don't make much sense.     A14 • Finance Lobby Cut Spending as Feds Targeted Wall Street   MARKETPLACE A27 PERSONAL TECHNOLOGY Only One Beyoncé: Services Pick Up After Your Music TuneUp Media and MusicBrainz Picard aim to clean up and properly label personal digital-music collections.   A28 • Yahoo Shuts Down Another Video Service • Venture to Build Military Satellites   A29 • Rise and Flaw of Internet's Election-Fraud Hunters • THE MIDDLE SEAT: Is Tougher Airport Screening Going Too Far?   A30 • ADVERTISING: GE Ad Campaign Will Promote U.S. Manufacturing • The Economist Targets U.K. Readers   A31 • France whacks food tax   A32 • Girl in Crash Clung To Debris for Hours • HEARD ON THE STREET: Wind Gets to PIK Its Own Brand of Poison • HEARD ON THE STREET: The Raise and Fall of Wall Street Bankers View the latest What's News Online Past Editions of In Today's Paper advertisement MONEY AND INVESTING A17 Boeing Tightens Its Grip on Dreamliner Production Boeing is in talks to buy operations from one of its main suppliers, as part of an effort to gain more control over the supply chain of its troubled 787 Dreamliner program.   Lloyds Draws Up List of Chairman Candidates; Bischoff Rumors Former Citigroup Chairman Win Bischoff is one of the candidates being considered to succeed Lloyds Chairman Blank. • Heard: Bischoff Wrong Person to Lead Lloyds   Justice Agency Slams UBS's Defense in Tax Case The U.S. attacked legal arguments made by UBS, which is trying to fend off efforts to obtain the identities of the Swiss bank's American customers with secret accounts.   A18 • RBS's Chief Defers Some Pay • CURRENCY TRADING: Euro Gains on Threat to Dollar's Status • CREDIT MARKETS: Short-Dated Notes Get Boost • European Shares Rally • Housing, ISM Data Lift Stocks   A19 • Stanford to Remain Jailed Pending Trial • Evidence to Charge Ruth Madoff Lacking • Exchanges Set Standard 'Tick' Sizes • Venture Firms Sell Few Investments   A20 • Risk Pays Off, While Treasury Plays Run Aground • Dollar's Yearlong Party Fizzles   A21 • Commodities' Engine Hits Cruising Speed   A22 • China Manufacturers Help Drive a Recovery • Morgan Stanley, Mitsubishi UFJ Form Joint Venture • Freddie Picks Haldeman for CEO Spot   A23 • Japan Tankan Sentiment Picks Up • All Nippon Airways Set to Raise Cash Amid Slump • Japanese Banks Tie Knot • Nomura to Buy Citi's Japanese Trust Unit

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