"Wallstreet" Reader

"Wallstreet" Reader

Asia Shares Rise, Yen Slips

Posted: 18 Nov 2010 06:11 PM PST

Asian share markets rose, with Japanese exporters climbing as the yen continued to take a breather from its surge against the euro and the U.S. dollar.

Bernanke Takes Aim at China

Posted: 18 Nov 2010 07:10 PM PST

Bernanke argues in remarks prepared for delivery Friday that China and other emerging markets are causing problems by keeping their currencies artificially low.

Insurers Test Data Profile to Identify Client Risk

Posted: 18 Nov 2010 07:51 PM PST

Life insurers are testing a new use for data about Americans: predicting longevity. A Deloitte test evaluated applicants based on data about things like online shopping and magazine subscriptions. 10th in a series.

Iran Envoy Assails U.N. Censure, Defends Stoning

Posted: 18 Nov 2010 07:49 PM PST

Iran's human-rights official Mohammad-Javad Larijani gave a robust defense of his country's human-rights record.

Few Businesses Sprout, With Even Fewer Jobs

Posted: 18 Nov 2010 06:04 PM PST

Fewer new businesses are getting off the ground in the U.S., available data suggest, a development that could cloud the prospects for job growth and innovation.

Wall Street Payday for a New GM

Posted: 18 Nov 2010 07:35 PM PST

General Motors made a dramatic return to the stock market—with its shares closing 3.6% above the IPO price—following the auto maker's government-led turnaround that proved far more successful than many had expected.

Airbus to Seek Compensation From Rolls-Royce

Posted: 18 Nov 2010 06:07 PM PST

Airbus will seek full compensation from Rolls-Royce for extra costs incurred for disruptions caused by the failure of a Rolls-Royce Trent 900 engine installed on an A380 superjumbo operated by Qantas.

Cracks Emerge in New-Issue Market

Posted: 18 Nov 2010 06:10 PM PST

Harrah's Entertainment delayed its $532 million initial public offering and Burlington Coat Factory scrapped plans to sell $500 million in bonds, citing weak demand.

Civilian Terror Trial Criticized

Posted: 18 Nov 2010 05:28 PM PST

Some lawmakers criticized the Obama administration for trying Ahmed Khalfan Ghailani in a civilian court, but military tribunals present many of the same hurdles for the prosecution of terror suspects.

Small Deal Brings Huawei Scrutiny

Posted: 18 Nov 2010 05:46 PM PST

China's Huawei has landed in hot water in Washington for acquiring a small technology firm without first running the deal by the U.S. government.

Dell's Quarterly Profit Jumps

Posted: 18 Nov 2010 04:45 PM PST

Dell's third-quarter earnings more than doubled on strong corporate demand and lower component costs. Sales to large corporate customers rose 27%.

Chambers Apologizes for Bleak Cisco Forecast

Posted: 18 Nov 2010 02:31 PM PST

Cisco Systems Inc. Chief Executive John Chambers on Thursday apologized to investors for the surprisingly weak quarterly forecast the company gave last week.

Myspace Deepens Ties to Facebook

Posted: 18 Nov 2010 05:27 PM PST

Myspace is introducing a new "Mashup" that allows users to log with their Facebook identities, and transfer their Facebook likes and interests to their other site.

Cable Provider Offers Bare-Bones TV Package

Posted: 18 Nov 2010 11:34 AM PST

Time Warner Cable is experimenting with a lower-priced cable-TV package that excludes ESPN, Comedy Central, TNT and many other channels.

Ethics Panel Urges Censure for Rangel

Posted: 18 Nov 2010 04:16 PM PST

A House ethics panel said Rep. Rangel deserved to be censured -- the most severe form of punishment short of expulsion from Congress -- for nearly a dozen instances of misconduct as a lawmaker.

Fed's Kocherlakota Backs Bond-Buying Program

Posted: 18 Nov 2010 10:44 AM PST

A Fed official presumed to be uncomfortable with the current arc of the central bank's monetary policy said he is in fact in favor of the recent decision to buy $600 billion in longer-dated Treasurys.

Resource-Rich States Weathered 2009 Better

Posted: 18 Nov 2010 10:55 AM PST

State economies that revolve around mining, agriculture and other natural resource industries led the nation in GDP growth last year, according to the Commerce Department. See a full list of GDP by state.

Ahold Outperforms Rivals in U.S.

Posted: 18 Nov 2010 10:52 AM PST

Dutch retailer Ahold said it continued to grow sales in its main U.S. market in the third quarter, outperforming its main U.S. competitors, despite a difficult market putting pressure on margins.

Heat Stays on California Note Offering

Posted: 18 Nov 2010 05:39 PM PST

Investors pushed California to raise the interest rates it will pay on $10 billion in short-term borrowing. The widely watched sale proceeded as prices for tax-exempt municipal bonds appeared to stabilize after a weeks-long slump.

NBC Universal Team Set

Posted: 18 Nov 2010 06:00 PM PST

The soon-to-be chief executive of NBC Universal announced a new management structure for the TV and movie giant, which is poised to be acquired by Comcast Corp.