"Wallstreet" Reader

"Wallstreet" Reader

Forces Converge in Emerging Markets

Posted: 01 Jul 2013 06:17 PM PDT

Countries from Turkey to Brazil to China are getting hit by a brutal combination of events, as economies slow, investors pull out cash and protesters take to the streets—all fresh reminders that these markets can be difficult places to try to make money.

Weaker Yen Boosts Nikkei

Posted: 01 Jul 2013 07:22 PM PDT

Asian shares were mostly higher Tuesday, with the Nikkei rising on the back of a weaker yen and Australian stocks rebounding after Monday's drop. The Nikkei rose 0.6%.

Icahn Raises $5.2 Billion for Dell Deal

Posted: 01 Jul 2013 06:47 PM PDT

Investor Carl Icahn said he has raised more than $5 billion to finance his plan to recapitalize ailing PC maker Dell, a move he said should end speculation that the funds wouldn't be available.

Firms: New Law Infringing on Free Speech

Posted: 01 Jul 2013 03:35 PM PDT

Businesses suing to overturn a mandate of the Dodd-Frank financial law aimed at drawing attention to and curbing violence in central Africa told a federal judge that it infringes on corporate free-speech rights.

Zynga Tries a New CEO

Posted: 01 Jul 2013 06:23 PM PDT

Zynga's founder announced that he was stepping down as CEO of the troubled game maker and will be replaced by Don Mattrick, the current head of Microsoft Corp's Xbox division.

Biotech IPOs Sizzle Amid R&D Successes

Posted: 01 Jul 2013 06:30 PM PDT

Biotechnology companies are enjoying their best run with initial public offerings in a decade, amid an upswing in new drug approvals, strong performance by some already public biotech firms and legal changes.

Bank-Risk Yardstick Is a Blind Measure

Posted: 01 Jul 2013 05:16 PM PDT

Current Account: It is nearly impossible for an outside observer, be it an investor or a regulator, to compare trading risks across banks.

Court Upholds Insider-Trading Conviction

Posted: 01 Jul 2013 02:45 PM PDT

A federal appeals court has upheld the right of prosecutors to expand their use of secretly recorded wiretaps to pursue insider-trading and other white-collar crimes for the second time in less than a week.

Two Cooperating Witnesses Avoid Prison in Insider Probe

Posted: 01 Jul 2013 03:30 PM PDT

Two cooperating witnesses avoided prison in the U.S. government's ongoing crackdown on insider trading, in a case tied to a California expert-network firm.

Brazilian Billionaire's Woes Mount at Flagship Oil Firm

Posted: 01 Jul 2013 05:18 PM PDT

The financial woes of Eike Batista deepened Monday as his group's flagship oil firm OGX once again said it would fall short of its production goals.

Disney Extends Iger's CEO Tenure

Posted: 01 Jul 2013 06:44 PM PDT

Disney Chairman and Chief Executive Robert Iger will remain CEO until 2016, one year later than previously planned, pushing back a resolution to the question of who will succeed him.

Spain to Try Again on Bank Sales

Posted: 01 Jul 2013 12:17 PM PDT

Spain's bank-bailout fund will try in the coming months to sell two loss-making lenders the government nationalized last year, NCG Banco and Catalunya Banc, four months after a previous attempt to sell one of them failed.

Southwest, Dish Offer In-Flight TV

Posted: 01 Jul 2013 05:05 PM PDT

Southwest Airlines is offering free live TV to fliers' smartphones, tablets and laptops in partnership with Dish Network.

Management Shake-Up Hits Vatican Bank

Posted: 01 Jul 2013 12:25 PM PDT

Two top managers at the Vatican bank resigned on Monday, in the latest shake-up at the scandal-plagued institution, the Holy See said.

Inside China's Bank-Rate Missteps

Posted: 01 Jul 2013 07:27 PM PDT

A rare peek into the actions of China's leaders in a month when a Chinese cash crunch spooked global investors shows a leadership falling short in its struggle to redirect China's economy and also faltering in its efforts to communicate its intentions to markets.

Citi to Pay Fannie $968 Million to Settle Mortgage Claims

Posted: 01 Jul 2013 02:40 PM PDT

Citigroup is paying Fannie Mae $968 million to settle claims that Citi sold faulty mortgages to Fannie. The pact covers 3.7 million residential first mortgages.

KPMG's London Pleads Guilty

Posted: 01 Jul 2013 06:23 PM PDT

Former KPMG partner Scott London on Monday pleaded guilty in Los Angeles federal court to one count of securities fraud for his involvement in an insider-trading scheme.

Portugal Finance Minister Resigns

Posted: 01 Jul 2013 03:54 PM PDT

Vitor Gaspar, the chief enforcer of austerity demands under Portugal's international bailout, is leaving amid growing resistance to budget-tightening from a recession-weary population.

Time Warner Deal Near

Posted: 01 Jul 2013 07:28 PM PDT

Time Warner is in advanced discussions with developer Related Cos. to move its headquarters to a planned 80-story skyscraper on Manhattan's far West Side.

Maersk Giant to Launch a Little Light

Posted: 01 Jul 2013 01:36 PM PDT

Maersk is set to launch the world's biggest container ship this month but will set sail below capacity because some docks aren't equipped to handle it when fully loaded.