"Wallstreet" Reader

"Wallstreet" Reader


SEC Reviews Release of ISM Data

Posted: 27 Jun 2013 08:01 PM PDT

The SEC is scrutinizing how certain investors might have received potentially market-moving information from the Institute for Supply Management ahead of the public, as the trade group changes its procedures.

Nikkei Outperforms Asia on Weak Yen

Posted: 27 Jun 2013 07:38 PM PDT

Japan shares jumped higher on Friday, the last trading day of the first half, helped by a weaker yen, while China was set to record its worst monthly performance in nearly four years. The Nikkei gained 3.0%.

Pfizer Approves $10 Billion Share-Buyback Plan

Posted: 27 Jun 2013 05:06 PM PDT

Pfizer's board has authorized the buy back of an additional $10 billion in shares to boost shareholder value.

Japan Data Signal Deflation May Be Ebbing

Posted: 27 Jun 2013 07:57 PM PDT

Japan's core consumer price index stayed flat in May compared with a year earlier, the government said Friday, a sign that prices may be moving toward positive territory.

Google Is Developing Android Game Console

Posted: 27 Jun 2013 07:58 PM PDT

Google is developing a videogame console and digital wristwatch powered by its Android operating system. The company hopes to combat similar devices that Apple may release in the future.

White House Makes Shortlist for Bernanke's Job

Posted: 27 Jun 2013 07:14 PM PDT

The Obama administration has begun assembling a shortlist of candidates for the Fed chairmanship, in the expectation that Ben Bernanke won't seek reappointment.

BofA Rejected AIG's Request to Revise Pact

Posted: 27 Jun 2013 04:18 PM PDT

The lender spurned an entreaty from AIG to renegotiate an $8.5 billion deal over soured mortgage-backed securities.

Fed Reassures Investors on Its Plans

Posted: 27 Jun 2013 03:14 PM PDT

Fed officials are telling investors they misunderstood Ben Bernanke's statements about winding down the central bank's $85 billion-a-month, bond-buying program, and their message appears to be getting through.

Nike's Profit Jumps 22%

Posted: 27 Jun 2013 06:47 PM PDT

Nike's fiscal fourth-quarter profit jumped 22% on higher sales of the athletic-gear maker's shoes and apparel, while gross margins expanded for the second consecutive quarter.

Verizon Wireless Finishes New Network

Posted: 27 Jun 2013 04:48 PM PDT

Verizon Wireless said it has essentially finished upgrading its network with faster technology, as the race to provide speedy wireless networks heats up.

Cengage Learning Nears Chapter 11

Posted: 27 Jun 2013 06:55 PM PDT

Textbook publisher Cengage Learning is preparing to file for bankruptcy-court protection in the coming days. The company is owned by private-equity firm Apax Partners.

U.S. Authorities Shut Down 1,600 Fake Pharmacy Websites

Posted: 27 Jun 2013 07:32 PM PDT

Federal regulators and law-enforcement agencies shut more than 1,600 illegal pharmacy websites this week, including fake Walgreen and CVS websites.

Macy's Pays Penalty Related to Worker Verification

Posted: 27 Jun 2013 02:46 PM PDT

Macy's will pay a civil penalty of $175,000 to settle Justice Department allegations it engaged in unfair documentation practices against immigrant employees who had work authorizations during an eligibility reverification process.

Winnebago Is Riding Higher

Posted: 27 Jun 2013 02:19 PM PDT

Winnebago Industries said its fiscal-third-quarter earnings nearly doubled on stronger demand for its recreation vehicles and motor homes.

Gold Settles Near Three-Year Low

Posted: 27 Jun 2013 02:43 PM PDT

Gold futures dipped below $1,200 a troy ounce amid continued worries about a coming end to Federal Reserve stimulus.

Smithfield Deal Heads to the Hill

Posted: 27 Jun 2013 07:20 PM PDT

The Senate Agriculture Committee will hold a hearing on July 10 to examine the proposed $4.7 billion takeover of Smithfield Foods by a Chinese pork producer.

U.S. Suspends Bangladesh Special Trade Status

Posted: 27 Jun 2013 06:36 PM PDT

The U.S. is planning to suspend its preferential trade treatment for Bangladesh, a largely symbolic move to punish the country for poor labor practices that attracted world-wide attention after a garment factory collapsed in April.

U.S. Regulators Agree on Capital Rule

Posted: 27 Jun 2013 04:05 PM PDT

Regulators will propose requiring banks to increase the amount of equity they hold against assets, known as the "leverage ratio."

Corzine Charged in MF Global Collapse

Posted: 27 Jun 2013 05:09 PM PDT

Regulators charged former MF Global chief Jon S. Corzine and former executive Edith O'Brien with the unlawful misuse of nearly $1 billion in customer funds related to the firm's collapse.

Reeling Bond-Fund Managers Play Offense

Posted: 27 Jun 2013 05:02 PM PDT

Managers of the world's largest bond funds are taking steps to reassure investors and explain their bets amid the broad bond-market selloff.