"Wallstreet" Reader

"Wallstreet" Reader

Laser-Based Chip Race Quickens

Posted: 30 Nov 2010 06:10 PM PST

A race to transform computers with laser-based communications is accelerating, with IBM claiming advances in making optical chips from silicon.

Europe Worries Weigh on Asia

Posted: 30 Nov 2010 06:44 PM PST

Asian stock markets were mixed Wednesday, pressured lower by concerns over Europe's debt crisis. Australia fell 0.3% after disappointing growth.

Rising Demand, Prices Boost Farm Income 31%

Posted: 30 Nov 2010 05:53 PM PST

Net farm income, a rough measure of the agriculture sector's profitability, is expected to jump 31% this year to $81.6 billion, the USDA said.

Europe's Crisis Widens

Posted: 30 Nov 2010 06:57 PM PST

Investors dismissed European leaders' latest attempt to restore market calm, raising doubts about whether governments can rebuild confidence in the region's common currency amid signs that the debt crisis is creeping deeper into the Continent.

Web-Traffic Tension Rises

Posted: 30 Nov 2010 05:10 PM PST

U.S. regulators are looking into a dispute between two large companies that shuttle traffic around the Internet, a business invisible to most consumers but increasingly fraught with tension.

Madoff Trustee Goes After 'Net Winners'

Posted: 30 Nov 2010 03:04 PM PST

The trustee seeking money for victims of Bernard Madoff's Ponzi scheme filed more than 100 lawsuits seeking what he says were fictitious profits earned by some of Mr. Madoff's investors, dubbed "net winners."

BofA Stock Declines on WikiLeaks Anticipation

Posted: 30 Nov 2010 04:25 PM PST

Bank of America stock dropped more than 3% on speculation that website WikiLeaks would soon release internal documents.

Comcast Says Fee Request Is Fair

Posted: 30 Nov 2010 02:39 PM PST

Comcast, in a letter to FCC, disputed Level 3 Communications' accusations that it is acting unfairly in seeking fees for carrying added traffic on the Internet.

Study Dismisses 'Don't Ask' Concerns

Posted: 30 Nov 2010 04:05 PM PST

A Pentagon study concluded that over time the military would adjust to lifting the ban on gays serving openly.

Morgan Stanley Nears China Venture

Posted: 30 Nov 2010 12:05 PM PST

China's securities regulator approved CICC's plan to change its shareholding structure, bringing Morgan Stanley closer to selling its 34.3% stake in the Chinese brokerage and being able to set up a new venture.

Airbus to Announce New-Engine A320

Posted: 30 Nov 2010 02:13 PM PST

Airbus is expected to announce an updated version of its popular A320 single-aisle jet with more efficient, state-of-the-art engines supplied by GE and Pratt & Whitney.

Fed's Kocherlakota Wants Inflation Expectations Increase

Posted: 30 Nov 2010 12:48 PM PST

The Fed would welcome a small rise in inflation expectations as a result of its bond-buying program, Minneapolis Fed President Kocherlakota said.

Google in Talks to Buy Groupon

Posted: 30 Nov 2010 04:17 PM PST

Google is in talks to buy Groupon, a fast-growing website offering daily deals at local businesses, a move that would mark Google's biggest acquisition yet and a major push into local advertising.

IPO Money Raised in Quarter Nears Global Record

Posted: 30 Nov 2010 11:31 AM PST

A total of $95.9 billion has been raised in the first two months of the period.

Gas Drillers May Have to Disclose Chemicals

Posted: 30 Nov 2010 02:06 PM PST

The Obama administration is considering a new policy that would force natural-gas drillers on federal lands to disclose the chemicals they use during hydraulic fracturing.

Plans for EU 'Stress Tests' Spur Squabbling

Posted: 30 Nov 2010 03:03 PM PST

European officials plan a new round of bank 'stress tests' next year that they say will be more rigorous than this year's tests, but nations are already bickering over the details.

Carrefour Cuts Outlook on Higher Charges

Posted: 30 Nov 2010 12:14 PM PST

Carrefour cut its full-year operating-profit target amid a sharp increase in one-time charges related to the French retailer's Brazilian operations.

China Seeks Solution to N. Korea Problem

Posted: 30 Nov 2010 11:51 AM PST

A senior North Korean official arrived in Beijing for talks about the crisis on the Korean peninsula, as new leaked U.S. diplomatic cables showed China caught between loyalty to Pyongyang and pressure from others to take a tougher stance.

GOP Softens Stance on Missile Treaty

Posted: 30 Nov 2010 04:24 PM PST

President Barack Obama gained significant GOP support for a nuclear-arms treaty with Russia that had appeared all but dead for the year. Separately, in their first meeting since the election, Mr. Obama and Republicans appointed negotiators to seek a compromise on expiring Bush tax cuts.

Chrysler to Hire 1,000 Engineers, Others

Posted: 30 Nov 2010 11:13 AM PST

Chrysler Group plans to hire 1,000 engineers and other high-tech workers over the next four months as it expands small and midsized car development, a company executive said Tuesday.