"Wallstreet" Reader

"Wallstreet" Reader

Woori Bank Sets Profit Forecast

Posted: 26 Dec 2010 07:53 PM PST

Woori Bank, the flagship unit of Woori Finance, expects to record $1.56 billion in net profit next year, the bank's chief executive said.

U.S. Job-Seekers Head Down Under

Posted: 26 Dec 2010 06:18 PM PST

U.S. citizens are heading to Australia in small but growing numbers as near-10% unemployment at home drives more to look for jobs Down Under, where China's thirst for iron ore and energy is transforming the Pacific nation into an economic powerhouse.

Currency Reaction Muted on China

Posted: 26 Dec 2010 07:13 PM PST

The currency market's reaction to China's interest-rate hike over the weekend was muted in early Asian trade, as the tightening had been widely expected.

Tough Times Breed Financial Cons

Posted: 26 Dec 2010 05:04 PM PST

Hard times are generating a growing number of financial scams in which victims are tempted to invest money on the false promise of big returns, often from supposed caches of overseas money.

Stock Investors Look on the Bright Side

Posted: 26 Dec 2010 04:34 PM PST

In the face of several hazards, the stock market is hitting two-year highs and investors are feeling more bullish than they have in years. Even the market's "fear gauge" is trading near its lowest levels since April.

Retailers Ease Return Restrictions

Posted: 26 Dec 2010 06:25 PM PST

Some major retailers are making it easier to return gifts this holiday season, after years of toughening up policies and generating complaints from consumers.

Japan Proposes Budget

Posted: 26 Dec 2010 03:57 PM PST

The hard-pressed administration of Japanese Prime Minister Naoto Kan has unveiled its budget for the fiscal year starting in April, narrowly abiding pledges to limit spending and borrowing.

Bailed-Out Banks Slip Toward Failure

Posted: 26 Dec 2010 03:45 PM PST

Nearly 100 U.S. banks that got bailout funds from the federal government show signs they are in jeopardy of failing, reflecting eroding capital levels, a pileup of bad loans and warnings from regulators.

New Battleground for Ex-Citi Rivals: The Rich

Posted: 26 Dec 2010 06:21 PM PST

When they were top executives at Citigroup, Sallie Krawcheck and Todd Thomson had a well-known rivalry. Now, years later, they are dueling again, this time over the business of managing rich people's money.

Wen Confident China Can Contain Inflation

Posted: 26 Dec 2010 07:24 PM PST

Chinese Premier Wen Jiabao voiced confidence Sunday that his government can contain rising prices, seeking to reassure the public about inflation a day after the central bank raised interest rates for the second time in 10 weeks.

While on Cellphone, a Rival's Ad

Posted: 26 Dec 2010 03:32 PM PST

Mobile-phone companies' new tactic involves mobile ads that appear when a person using a competitor's phone or network launches an application or browses the Web on their phone.

Intel, AMD to Unveil Combination Chips

Posted: 26 Dec 2010 03:21 PM PST

Chip makers soon will deliver one of biggest advances in years in the technology that powers laptop and desktop computers. But how much consumers—and the chip companies—will benefit is in question.

RVs Map a Different Road Back

Posted: 26 Dec 2010 02:16 PM PST

Recreational vehicle makers are streamlining products and developing new pitches to appeal to frugal travelers and those fed up with airport body-scanners and hotel bedbugs.

Big Law Firms Keep Lid On Bonuses

Posted: 26 Dec 2010 02:18 PM PST

Junior attorneys at many top law firms are working harder than ever as their firms try to get by with fewer hands, but their year-end bonuses are unlikely to budge much from last year's

Oprah Network Prepares for Launch

Posted: 26 Dec 2010 03:42 PM PST

After nearly three years of planning and delays, and start-up costs in excess of $107 million, OWN: The Oprah Winfrey Network is set to air at noon Saturday, replacing cable channel Discovery Health.

Shipbuilder's Default Adds to Vietnam's Woes

Posted: 26 Dec 2010 06:17 PM PST

Shipbuilder Vinashin's default on a $600 million loan is the latest crisis challenging Vietnam's capacity to get its economy under control.

Toyota Revives Dormant Plant

Posted: 26 Dec 2010 01:52 PM PST

Toyota restarted hiring for a factory near Tupelo, Miss., that has been dormant since 2008, with the first 10 recruits of a planned 2,000-strong work force set to begin training the first week of January.

Thousands Flee Ivory Coast Chaos

Posted: 25 Dec 2010 08:50 PM PST

The U.N.'s refugee agency said that at least 14,000 Ivorians have fled the chaos of their homeland, trekking for days to reach safety in Liberia.

Obama Caps Christmas by Visiting U.S. Troops

Posted: 25 Dec 2010 09:59 PM PST

President Barack Obama capped a quiet Christmas Saturday with a surprise visit to a Marine base to thank U.S. troops for the sacrifices they've made, including being away from their families at the holidays.