"Wallstreet" Reader

"Wallstreet" Reader


Investors Bet on Strangers' Lives

Posted: 20 Dec 2010 07:42 PM PST

Life Partners, a company that lets investors buy parts of strangers' life-insurance policies, has made large fees while often underestimating the life expectancies of people whose policies its customers invest in.

Blackstone Raises $15 Billion Fund for Buyouts

Posted: 20 Dec 2010 07:35 PM PST

Blackstone Group is finalizing a new $15 billion fund, the largest fund for buyout deals since the financial crisis erupted and one of the largest on record.

U.S. Mulls New Push to Shape Bank Pay

Posted: 20 Dec 2010 07:27 PM PST

Giant companies that are considered critical to the U.S. economy could be forced to award half or more of their executives' pay in the form of stock or other deferred compensation, instead of up-front cash.

Smartphone Marketers Plan Privacy Rules

Posted: 20 Dec 2010 07:40 PM PST

Facing growing public concern about privacy breaches, a lobby representing mobile-phone advertisers and publishers called for guidelines to better protect smartphone users from intrusive tracking technologies.

Asia Up as Korea Tensions Ease

Posted: 20 Dec 2010 07:37 PM PST

Asian shares were higher, with Seoul up 0.8% amid cooling tensions on the Korean peninsula.

Massey Board Weighing at Least Two Offers

Posted: 20 Dec 2010 05:45 PM PST

Massey Energy's board is weighing more than two bids from potential buyers but hasn't decided to start a formal auction process.

New York Leads in Pursuit of Lehman

Posted: 20 Dec 2010 06:16 PM PST

New York's attorney general, rather than federal regulators, is taking the lead in pursuing questionable accounting by banks.

Spirits Up at Pernod Ricard

Posted: 20 Dec 2010 04:24 PM PST

An upturn in sales of high-end spirits could provide French drinks maker Pernod Ricard with some relief as it struggles to digest its acquisition of Absolut two years ago.

Hulu IPO on Back Burner

Posted: 20 Dec 2010 07:45 PM PST

Online video site Hulu has taken off the table the idea of going public, at least for now, and may consider other financing options. It's also weighing whether to add more pay-video offerings.

Odd Couple: Boeing, Rival in Satellite Deal

Posted: 20 Dec 2010 04:16 PM PST

Boeing announced an unusual, $1 billion commercial deal with the Mexican government featuring some hardware supplied by a rival.

Spain Says its Regions Are Financially Sound

Posted: 20 Dec 2010 07:15 PM PST

Spain said its regional governments are on track to meet their budget targets this year, its latest effort to quell investor fears that it could be the next European country to need a financial bailout.

Wal-Mart to Discount iPhone 4

Posted: 20 Dec 2010 06:13 PM PST

Wal-Mart has begun giving consumers a $50 gift card when they purchase an iPhone 4, the latest retailer using the smartphone to lure last-minute holiday shoppers.

SEC Probe Examines Hurd Exit From H-P

Posted: 20 Dec 2010 08:00 PM PST

The SEC is investigating Mark Hurd's departure from H-P, in a broad inquiry that includes claims that the former CEO shared inside information about a pending acquisition.

'Net Neutrality' Rules Set to Pass

Posted: 20 Dec 2010 06:56 PM PST

The FCC said it secured enough votes to pass controversial new rules of the road for Internet traffic, a move likely to lead to more legal challenges and continued uncertainty about Internet regulation.

Russia Warns Against START Changes

Posted: 20 Dec 2010 03:20 PM PST

Russia's Foreign Minister Monday warned that any changes to a nuclear-weapons-reduction treaty now facing a tough ratification vote in the U.S. Senate could kill the pact.

Banks Look to Profit on Muni-Bond Fears

Posted: 20 Dec 2010 04:42 PM PST

Some of the world's biggest banks are lining up to profit from worries about the declining finances of U.S. cities and states, with an effort to attract more buyers and sellers of derivatives on municipal bonds.

Nuclear Pact Adds Backers

Posted: 20 Dec 2010 06:59 PM PST

The new nuclear-arms treaty with Russia moved within reach of ratification as two more Republican senators signaled they would back the agreement—a priority of the Obama administration and U.S. military leaders.

TD Bank Close to Deal for Chrysler Financial

Posted: 20 Dec 2010 04:10 PM PST

Toronto-Dominion Bank is close to a $6.3 billion purchase of Chrysler Financial, the auto lender owned by Cerberus Capital Management.

3M Works on Succession

Posted: 20 Dec 2010 04:27 PM PST

3M's board is working with CEO George Buckley on a succession plan at the conglomerate.

Brown-Forman to Sell Wine Unit

Posted: 20 Dec 2010 05:05 PM PST

Brown-Forman, the maker of Jack Daniel's whiskey, has put its wine business up for sale, becoming the latest small wine operation to hit the auction block at a challenging time for some parts of the industry.