"Wallstreet" Reader

"Wallstreet" Reader


Waiting for the Train to Minsk

Posted: 03 Dec 2010 07:46 PM PST

In a fictional episode by Joseph Finder, the author of the Nick Heller series, a private spy tries to stop a WikiLeaks employee from publishing classified photos.

Google Fails in Quest for Groupon

Posted: 03 Dec 2010 07:34 PM PST

Google's multibillion-dollar bid to acquire local deals site Groupon ended Friday as the two sides broke off talks.

Beauty of the Deal: Coty Seeks China Firm

Posted: 03 Dec 2010 05:12 PM PST

Coty Inc. is nearing a deal to buy Chinese skin-care company TJOY, people familiar with the matter said, in what would cap a three-week acquisition binge led by CEO Bernd Beetz at the closely held fragrance giant.

Massey CEO Will Retire

Posted: 03 Dec 2010 07:00 PM PST

Don Blankenship, the outspoken CEO of Massey Energy, said he would retire from the company Dec. 31.

Mining Firms Scramble for New Resources

Posted: 03 Dec 2010 05:36 PM PST

Mining companies are stepping up the pace of acquisitions and joint ventures in an effort to quickly snare limited resources.

Dow Chemical Hit Again on Bhopal

Posted: 03 Dec 2010 05:39 PM PST

India's attorney general asked the nation's supreme court to force Dow Chemical to pay $1.1 billion more in victims' compensation and cleanup costs related to the 1984 Bhopal disaster.

Rugby Star Gets GM Out of a Scrum

Posted: 03 Dec 2010 05:06 PM PST

GM's historic IPO was a trial by fire for CFO Christopher Liddell. He had to please the auto maker's largest shareholder—the U.S.—while managing a $23.1 billion offering that spanned three continents and 35 underwriting banks.

India Deals Face a Reckoning

Posted: 03 Dec 2010 04:12 PM PST

India's environment minister has stalled or stopped several big industrial projects on environmental grounds—gaining cheers from some but also spurring concerns that the stance will stanch long-term growth.

Disney Sells Miramax to Investors

Posted: 03 Dec 2010 07:22 PM PST

Walt Disney Co.'s $660 million sale of Miramax Films to a group of investors closed Friday, finally ending the drama in which the entertainment giant struggled to find a buyer for the art-house studio.

Mexico Nabs Accused U.S. Teen Hit Man

Posted: 03 Dec 2010 02:29 PM PST

Mexican troops arrested a 14-year-old U.S. citizen suspected of being a hit man for a drug cartel.

Reluctant Analyst Pressured by the FBI

Posted: 03 Dec 2010 03:53 PM PST

The FBI raised the legal heat on independent analyst John Kinnucan, who declined to help the government gather evidence in as expansive insider-trading investigation.

Coty Nears Deal for Chinese Skin-Care Firm

Posted: 03 Dec 2010 02:19 PM PST

Fragrance giant Coty is nearing a deal to purchase Chinese skin-care company TJOY for about $400 million, in what would cap a three-week acquisition binge by the closely held firm.

Viacom Appeals YouTube Case

Posted: 03 Dec 2010 01:18 PM PST

Viacom filed its appeal of a June ruling in favor of Google's YouTube video site, the latest move in the companies' ongoing battle over alleged copyright infringement.

Like a Marriage, Only More Enduring

Posted: 03 Dec 2010 12:07 PM PST

Twenty years ago, Warren Buffett invited Sharon Osberg to Omaha to play cards. It was a game that changed their lives. Now best friends, the pair chat about their relationship and the rigors of low-stakes, high-pressure bridge

BP: Spill Rate Lower Than Estimates

Posted: 03 Dec 2010 11:38 AM PST

BP says that estimates of how much oil flowed from its failed Gulf of Mexico well are likely "inflated by a significant amount," aiming to lower by billions of dollars the fines it faces.

Europe Not a Top Concern for U.S. Banks

Posted: 03 Dec 2010 03:27 PM PST

The largest U.S. banks aren't immune to Europe's credit woes, but analysts view the overall exposure as low on the list of concerns for the industry.

Jordan Intervenes in U.S. Terror-Fund Suits

Posted: 03 Dec 2010 10:55 AM PST

Jordan is stepping up efforts to shield its biggest bank, Arab Bank, from several lawsuits in New York that claim it helped fund terrorist operations, arguing that recent court moves could be ruinous for the bank and "potentially calamitous" for Middle East finance.

U.S., South Korea Set Sweeping Trade Pact

Posted: 03 Dec 2010 07:51 PM PST

The U.S. and South Korea agreed to revive a broad pact that could drop barriers on a wide array of goods and services, setting up what would be the biggest nation-to-nation trade deal since Nafta.

EU Dealt Setback on China at WTO

Posted: 03 Dec 2010 05:14 PM PST

Beijing won its biggest legal victory yet at the World Trade Organization, which condemned EU antidumping tariffs on imports of Chinese screws.

Rio Tinto Widens China Ventures

Posted: 03 Dec 2010 09:24 AM PST

Rio Tinto has set up a new exploration joint venture and extended another existing venture with Chinese partners holding the rest.