"Wallstreet" Reader

"Wallstreet" Reader

Hurd Wants Accuser's Letter Shielded

Posted: 21 Dec 2010 07:40 PM PST

Mark Hurd is fighting to keep private the letter that led to his resignation as H-P CEO and has triggered an SEC investigation.

Asia Up in Quiet Trade

Posted: 21 Dec 2010 06:12 PM PST

Most Asian share markets were modestly higher in subdued trading. Japan fell 0.1% on weaker-than-expected exports data.

A Trader Hoards Copper in London

Posted: 21 Dec 2010 04:56 PM PST

A single trader has reported it owns 80% to 90% of the copper sitting in London Metal Exchange warehouses, equal to about half of the world's exchange-registered copper stockpile and worth about $3 billion.

Holiday Shine at Dollar Stores

Posted: 21 Dec 2010 04:22 PM PST

Analysts are predicting that Christmas 2010 will be another good one for dollar stores, which captured a lot of new customers who traded down during the recession.

Panel Assails Oil-Sands Monitoring

Posted: 21 Dec 2010 04:52 PM PST

A panel concluded that the environmental effect of Canada's oil-sands production is unknown because of insufficient reliable data, dealing a blow to a large and growing source of U.S. oil imports.

Calpers, Apple at Odds on Governance

Posted: 21 Dec 2010 06:31 PM PST

Calpers is attacking Apple for the way it handles board elections, as the largest U.S. public pension fund pushes companies to adopt majority-vote practices.

Microsoft to Reveal New Version of Windows

Posted: 21 Dec 2010 07:44 PM PST

Microsoft plans to discuss a new version of its Windows operating system that targets low-power devices and adds support for ARM microprocessors.

Verizon Will Offer Motorola Phone for 4G Network

Posted: 21 Dec 2010 03:16 PM PST

Verizon Wireless will distribute a Motorola phone for use on its 4G network, the company said on Tuesday, in an important vote of confidence for the handset maker.

Lucasfilm Settles Charges

Posted: 21 Dec 2010 05:00 PM PST

Lucasfilm settled civil charges that it and Pixar Animation agreed to limit competition for each other's workers.

Internet Gets New Rules of the Road

Posted: 21 Dec 2010 07:21 PM PST

The FCC approved rules that would give the federal government formal authority to regulate Internet traffic, although how much or for how long remains unclear.

Deutsche Bank Settles Tax-Fraud Case

Posted: 21 Dec 2010 05:02 PM PST

Deutsche Bank agreed to pay $553.6 million and admit criminal wrongdoing in a long-running probe over tax shelters that prosecutors claim generated billions in false tax losses.

FTC Clears Intel Purchase of McAfee

Posted: 21 Dec 2010 10:11 AM PST

U.S. antitrust regulators cleared Intel's proposed acquisition of security-software company McAfee, but the $7.68 billion deal still faces scrutiny in Europe.

Madoff Aide Bongiorno Reports to Jail

Posted: 21 Dec 2010 12:41 PM PST

A longtime "back office" employee of convicted Ponzi schemer Bernard Madoff reported to jail in Florida on Tuesday after a federal judge in New York revoked her bail.

Health Premium Hikes Get Scrutiny

Posted: 21 Dec 2010 04:00 PM PST

Health insurers will have to justify rate increases at or above 10% starting next year under a new proposed rule from the Department of Health and Human Services.

Congress, SEC Hit Stocks Made in China

Posted: 21 Dec 2010 10:57 AM PST

The SEC has begun a crackdown on the practices of the "reverse takeover" market for Chinese stock listings, looking into how U.S. accountants, lawyers, and bankers have helped bring Chinese companies to the U.S. market.

LVMH Buys More of Hermès

Posted: 21 Dec 2010 04:59 PM PST

LVMH said it has built a stake of more than 20% in French luxury-goods company Hermès, up from its previously disclosed 17%.

GOP-Leaning States Gain in Census

Posted: 21 Dec 2010 08:56 AM PST

Republican-leaning states in the South and Southwest will add congressional seats in the next election with the release of new Census figures. Texas will gain four House seats, while Florida will add two seats.

Fed Extends Dollar-Loan Program

Posted: 21 Dec 2010 07:50 PM PST

The Fed will renew through August agreements with foreign central banks to lend them dollars, extending a rescue program set up to ease strains from the European debt crisis.

Ernst Accused of Lehman Whitewash

Posted: 21 Dec 2010 07:19 PM PST

New York Attorney General Cuomo filed a civil-fraud lawsuit against Ernst & Young, accusing the accounting firm of helping Lehman Brothers hide its financial weakness before the bank collapsed.

Calendar Set for EU Bailout-Fund Bonds

Posted: 21 Dec 2010 04:31 PM PST

The European Union and euro zone finalized funding plans for Ireland's bailout, in what will be the first test to the region's new rescue mechanisms.