"Wallstreet" Reader

"Wallstreet" Reader


China's Trade Surplus Narrows

Posted: 09 Dec 2010 07:24 PM PST

China's trade surplus narrowed in November from October, but beat forecasts by economists, adding to rising inflationary pressures.

Brazil Economy Slows in Third Quarter

Posted: 09 Dec 2010 04:49 PM PST

Brazil's pace of growth eased from earlier this year, an indication that interest-rate hikes and the expiration of tax cuts are working their way through the broader economy.

Asia Mixed as China Eyed

Posted: 09 Dec 2010 06:51 PM PST

Asian stock markets were mixed, with many investors on the sidelines amid heightened speculation of an imminent rate hike from Beijing. The Nikkei fell 0.5%.

Borders Loss Widens as Sales Drop

Posted: 09 Dec 2010 05:33 PM PST

Borders's fiscal third-quarter loss widened sharply as the bookseller's sales continued to slide and margins declined.

Beckman Coulter Up for Sale

Posted: 09 Dec 2010 04:59 PM PST

Beckman Coulter, which makes diagnostic instruments used in clinical testing, has put itself on the block and could fetch more than $5 billion in a sale.

Roark to Purchase Atkins Diet Company

Posted: 09 Dec 2010 05:16 PM PST

Atkins Nutritional Holdings Inc., the company behind the low-carbohydrate Atkins diet that has drawn both devotees and derision, is being sold to private-equity firm Roark Capital Group.

Pfizer's New CEO Challenged Overseas

Posted: 09 Dec 2010 05:02 PM PST

Just a few days into the reign of Pfizer's new CEO Ian Read, several events are creating challenges in fast-growing emerging markets—an area vital to the drug giant's future as it faces the loss of its top-selling product

BofA Restarts Some Foreclosures

Posted: 09 Dec 2010 04:57 PM PST

Bank of America said it restarted 16,000 foreclosure cases across the U.S. on Monday.

World Trade Center Bond Offer Delayed

Posted: 09 Dec 2010 05:17 PM PST

Facing a choppy municipal-bond market, the developer of three office towers at the World Trade Center decided Thursday to pull back on a scheduled $1.3 billion bond sale.

Repeal of Gay Ban Defeated in Senate

Posted: 09 Dec 2010 05:59 PM PST

Senate Republicans blocked an effort to allow gays to serve openly in the military, leaving the drive to repeal the "don't ask, don't tell" policy in considerable doubt.

Community Health Makes Bid for Tenet

Posted: 09 Dec 2010 04:39 PM PST

Hospital chain Community Health Systems made a $3.3 billion unsolicited offer for smaller rival Tenet Healthcare.

U.K. Vote on Student Fees Sparks Protests

Posted: 09 Dec 2010 04:29 PM PST

The U.K.'s coalition government narrowly won a vote to raise the cap on tuition fees, against a backdrop of large-scale and sometimes tense student protests outside Parliament. A car carrying Prince Charles was attacked by protesters.

Probes Lead Bank to Reconsider 'Expert' Unit

Posted: 09 Dec 2010 04:48 PM PST

An investment bank's pioneering "expert network" business linking doctors to hedge funds could shut down next year amid heightened government scrutiny of the industry, according to a firm executive.

How the Fed's Crisis Aid Got Tested

Posted: 09 Dec 2010 07:19 PM PST

The same Fed liquidity-injection program that helped borrowers from General Electric to Harley-Davidson during the financial crisis revived an obscure investment vehicle that was shut out of the commercial-paper market long before the program was launched.

FAA Steps Up Boeing Checks

Posted: 09 Dec 2010 05:11 PM PST

Aviation regulators are poised to order stepped-up inspections of more than 600 Boeing 757 jetliners, prompted by a recent in-flight incident that left roughly a one-foot hole in the fuselage of an American Airlines plane.

Carlyle Jumps In Off the Sidelines

Posted: 09 Dec 2010 04:36 PM PST

As other private-equity players fret about high takeover prices and a weak economy, Carlyle is in the midst of one of the biggest deal splurges in its 23-year history.

J&J Recalls Rolaids

Posted: 09 Dec 2010 03:05 PM PST

Johnson & Johnson recalled more than 13 million packages of Rolaids after consumers complained of finding metal and wood particles in the heartburn product.

China Property Prices Continue to Rise

Posted: 09 Dec 2010 03:42 PM PST

Property prices in 70 of China's large and medium-sized cities rose 0.3% in November from the previous month, the third consecutive monthly rise.

AFL-CIO, Steelworkers Oppose Korea Trade Deal

Posted: 09 Dec 2010 04:07 PM PST

The AFL-CIO and United Steelworkers Thursday said they oppose a proposed U.S.-South Korea trade pact, despite new provisions negotiated by the Obama administration to protect U.S. auto workers.

Democrats 'Say No' in Symbolic Tax Vote

Posted: 09 Dec 2010 06:55 PM PST

House Democrats held an unusual vote within their caucus to demand changes in the tax-cut deal struck by Obama and Republican lawmakers.