"Wallstreet" Reader

"Wallstreet" Reader


HCR Selling Real Estate Assets to REIT

Posted: 13 Dec 2010 07:50 PM PST

HCR ManorCare, the largest nursing-home company in the U.S., is selling its real-estate assets to HCP, a publicly traded real-estate investment trust, for $6.1 billion.

Asia Stocks Creeps Up

Posted: 13 Dec 2010 06:31 PM PST

Most Asian stock markets were modestly higher, but weakness in some exporters' stocks pushed the Nikkei down 0.1%.

Yahoo Sets Staff Cutback

Posted: 13 Dec 2010 05:35 PM PST

Internet media company Yahoo is preparing to cut as many as 650 jobs, or almost 5% of its workforce, in its latest move to streamline operations and cut costs.

Banker Sees Peril in Hungary Policies

Posted: 13 Dec 2010 06:21 PM PST

The governor of Hungary's central bank, locked in a struggle with the country's political leaders, said eroding investor confidence is one of the biggest potential threats to the national economy.

Diplomat Richard Holbrooke Dies at 69

Posted: 13 Dec 2010 05:50 PM PST

Richard Holbrooke, who died after suffering a ruptured aorta, was perhaps the best-known U.S. diplomat, a hard-nosed negotiator with a theatrical streak. He was the architect of the 1995 Bosnia peace plan and served as Obama's envoy to Pakistan and Afghanistan.

Offshore Yuan Trading Takes Off

Posted: 13 Dec 2010 05:46 PM PST

China's currency, pent up inside the country's borders for decades, is emerging as a hot property in global foreign-exchange markets, just months after Beijing allowed the yuan to be bought and sold outside the mainland for the first time.

Rising PC Prices Buck the Trend

Posted: 13 Dec 2010 07:50 PM PST

Computer prices are rising even as the prices of other consumer electronics such as high-definition televisions and digital cameras plunge this holiday season.

Austerity, Wall Street-Style

Posted: 13 Dec 2010 05:51 PM PST

Amid the largest decline in bonuses since the onset of the crisis, the big spenders on Wall Street are reining in their seasonal shopping spree in favor of restrained indulgence.

Munis Hit as Market Braces for BABs' End

Posted: 13 Dec 2010 05:34 PM PST

Investors demanded higher interest payments on municipal bonds amid strong year-end issuance, pushing yields to the highest levels since 2009, on news that the Build America Bonds program appeared increasingly unlikely to be extended.

Fewer Homes 'Underwater'

Posted: 13 Dec 2010 03:38 PM PST

The number of homeowners who owe more on their mortgages than their homes are worth fell, but the decline stemmed from banks getting more aggressive on foreclosures, not from home values going up.

GM Offers Buyouts to Plant Workers

Posted: 13 Dec 2010 03:44 PM PST

General Motors is offering buyouts and early-retirement incentives in hopes of persuading up to 3,000 skilled-trades workers to leave U.S. plants.

Pfizer Names Lorch Chairman

Posted: 13 Dec 2010 03:26 PM PST

Pfizer said Monday that independent director George Lorch was elected chairman of its board, succeeding former CEO Jeffrey Kindler, who retired unexpectedly last week, citing fatigue.

Tax-Cut Bill Draws Wide Support in Senate

Posted: 13 Dec 2010 04:40 PM PST

An $858 billion bill to extend tax cuts secured 83 votes in a key Senate vote, with backing from both parties, assuring passage. House Democrats are weighing a bid to raise the estate tax when the bill comes to that chamber.

Comcast Service Combines Web, TV

Posted: 13 Dec 2010 05:59 PM PST

Comcast is testing a new service that knits together television and the Internet, revamping its offering as rivals threaten to undermine its business.

Calpers Review Urges Fee Changes

Posted: 13 Dec 2010 04:50 PM PST

A special review, spurred by a scandal at the nation's biggest public pension fund, recommended that Calpers make potentially major changes in how it pays money managers.

CFTC Chief Feels Need for Speed

Posted: 13 Dec 2010 04:42 PM PST

Gary Gensler's mission to turn the Commodity Futures Trading Commission into a regulatory powerhouse is running into trouble, including accusations that the agency isn't taking enough time to write rules for derivatives trading.

Goldman: We Didn't Topple Bear Funds

Posted: 13 Dec 2010 04:55 PM PST

The Wall Street giant detailed its valuation of mortgage securities as it argued that it wasn't responsible for toppling two Bear Stearns hedge funds early in the global financial crisis.

Madoff Won't Go to Son's Funeral

Posted: 13 Dec 2010 07:48 PM PST

Convicted Ponzi scheme operator Bernard Madoff will be staging a "private service" at his North Carolina prison in memory of his son Mark Madoff, according to Bernard Madoff's lawyer.

Vivendi Looks to Its Parts for Growth

Posted: 13 Dec 2010 01:53 PM PST

CEO Jean-Bernard Lévy is working on ways to make the different parts of his empire work together as a way to cut costs and find new revenue streams.

Carlyle CFO Steps Down

Posted: 13 Dec 2010 11:53 AM PST

Carlyle Group's chief financial officer has quit the private-equity firm after a three-year stint to take the CFO position at Legg Mason.