"Wallstreet" Reader

"Wallstreet" Reader

Cholera Spreading Quickly in Haiti

Posted: 24 Nov 2010 07:53 PM PST

Cholera is now projected to spread more than twice as fast as originally estimated, with more than 425,000 cases of the disease expected in the first six months since it appeared.

China Opposes Any Provocative Military Acts

Posted: 24 Nov 2010 07:20 PM PST

China Premier Wen Jiabao said the country has always aimed to maintain peace and stability on the Korean peninsula and opposes any provocative military acts.

Space Capsule Test Flight Planned for 2013

Posted: 24 Nov 2010 07:04 PM PST

Lockheed Martin's development of a new astronaut capsule for NASA appears to be gaining traction with a proposed unmanned test flight as early as 2013.

In Japan, a Push to Pry Open Borders

Posted: 24 Nov 2010 06:09 PM PST

A powerful group of politicians, academics and business leaders is urging Tokyo to overhaul its immigration system, which is one of the world's most restrictive.

GM Executives Bought $1.5 Million in Shares After IPO

Posted: 24 Nov 2010 05:54 PM PST

After the GM's IPO last week, the auto maker's CEO Daniel Akerson and 16 top executives and board members bought $1.5 million in shares.

Portuguese Strike Over Austerity Plan

Posted: 24 Nov 2010 01:11 PM PST

Tens of thousands of workers walked off the job in Portugal Wednesday to protest government plans to cut public salaries and raise taxes.

Brazil to Rein In Spending

Posted: 24 Nov 2010 04:34 PM PST

President-elect Dilma Rousseff appointed an economic team aimed at continuing Brazil's growth.

Asian Shares Rise; Seoul Looks for Direction

Posted: 24 Nov 2010 07:35 PM PST

Asian share markets were mostly higher, but the Seoul market struggled to gain traction as investors searched for direction amid an undercurrent of tensions on the Korean peninsula. The Nikkei was up 0.3%.

Crackdown on Insider Trading Picks Up Steam

Posted: 24 Nov 2010 05:19 PM PST

A broad U.S. crackdown on insider trading accelerated as the government charged an employee at an expert-network firm with conspiring to leak confidential information.

Weber Signals Resolve on Euro

Posted: 24 Nov 2010 05:32 PM PST

Germany's leading central banker, Axel Weber, said he believed European countries would be willing to increase their share of a 750 billion euro rescue program if it is depleted by further bailouts.

Boeing to Redesign Parts of Dreamliner Electrical System

Posted: 24 Nov 2010 06:46 PM PST

Boeing is making changes to the new 787 Dreamliner's electrical system and the software that runs it after an in-flight fire and subsequent power failure aboard one of the planes more than two weeks ago.

DeLay Convicted of Money Laundering

Posted: 24 Nov 2010 05:57 PM PST

Former U.S. House Majority Leader Tom DeLay was convicted of money laundering, making it likely that the once-powerful political warrior will end his career behind bars.

Ford Exchange Reduces Debt By $1.9 Billion

Posted: 24 Nov 2010 06:56 PM PST

Ford reduced its debt by more than $1.9 billion as part of a debt-for-stock conversion offer, a move designed to speed the auto maker's return to investment-grade status.

Treasurys Are Routed After Data, Soft 7-Year Auction

Posted: 24 Nov 2010 12:55 PM PST

Treasurys were pounded, sending the 10-year yield to its highest point since Aug. 5, as U.S. and German data dented the allure of relatively safe assets. A $29 billion sale of seven-year notes drew tepid demand.

Crude Rises 3.2%

Posted: 24 Nov 2010 12:50 PM PST

Crude-oil futures rallied, ending a slide toward $80 a barrel as traders cheered reports suggesting a better outlook for the U.S. economy.

U.S. Intensifies Foreclosure-Documentation Review

Posted: 24 Nov 2010 12:44 PM PST

Several U.S. agencies have intensified their review of the banking industry's foreclosure documentation problems, using their powers over bankruptcy proceedings to scrutinize the treatment of troubled mortgages.

Korean Island Residents Describe Terror

Posted: 24 Nov 2010 12:13 PM PST

When North Korean artillery shells started slamming into Kwan Young-hee's small island village Tuesday afternoon, she grabbed her cellphone and ran for her life.

Offshore Rig Orders End Drought

Posted: 24 Nov 2010 11:59 AM PST

Drilling companies have ordered at least 17 new rigs since Oct. 1, signaling optimism oil prices will remain high and producers will continue to demand the latest equipment to tap hard-to-reach offshore reservoirs.

'Dancing with the Stars' Finale Is Biggest in Six Years

Posted: 24 Nov 2010 11:49 AM PST

About 24.1 million people tuned in to watch actress Jennifer Grey win the finale of ABC's "Dancing with the Stars," wrapping up a season that saw Bristol Palin take third place after a widely debated rise to the last round.

CBO Sees Stimulus Benefits, Raises Cost Estimate

Posted: 24 Nov 2010 11:09 AM PST

The CBO estimates that the stimulus increased U.S. employment by between 1.4 million and 3.6 million jobs in the third quarter, though it raised estimates of its total impact on the deficit.