"Wallstreet" Reader

"Wallstreet" Reader


As Ireland Flails, Europe Lurches Across the Rubicon

Posted: 27 Dec 2010 07:55 PM PST

Angela Merkel and Nicolas Sarkozy's pact at Deauville set off a chain of events that ultimately has led the leaders of the 16-nation euro zone to stumble into an even closer union.

Toshiba to Buy Fujitsu's Stake in Hard-Disc Unit

Posted: 27 Dec 2010 07:16 PM PST

Toshiba Corp. has bought a stake in a hard-disk drive research and development joint venture from its partner Fujitsu Ltd. to make the unit 100%-owned, the two companies said in a joint press release Tuesday.

Snow Keeps New York at Standstill

Posted: 27 Dec 2010 07:47 PM PST

The New York region struggled to recover from a blizzard that crippled the transportation network and left many city streets covered in snow.

Asia Mixed in Thin Trade

Posted: 27 Dec 2010 06:11 PM PST

Asian stock markets were mixed with the Nikkei down 0.3%, but technology and construction stocks lifting the Korean bourse.

Japan Prices Fall 0.5%

Posted: 27 Dec 2010 05:07 PM PST

Japan's core consumer price index fell 0.5% from a year earlier in November, a sign that deflation has yet to loosen its grip on the nation's economy.

Kunlun Buys PetroChina Unit

Posted: 27 Dec 2010 04:53 PM PST

Kunlun Energy will buy a natural gas transmission company from its parent PetroChina for $2.85 billion.

Iraqi PM: U.S. Must Leave On Time

Posted: 27 Dec 2010 06:47 PM PST

Prime Minister Nouri al-Maliki ruled out any U.S. troops in Iraq after the end of 2011, saying his new government and the country's security forces were capable of confronting any remaining threats to the country.

Hot Trade in Private Shares of Facebook

Posted: 27 Dec 2010 04:36 PM PST

Private trading in shares of closely held Silicon Valley companies such as Facebook, Twitter and LinkedIn has surged in recent months, suggesting strong investor interest in some tech start-ups despite a moribund market for initial public offerings.

Trading Hushed by Blanket of Snow

Posted: 27 Dec 2010 07:15 PM PST

Stock and bond trading turned quiet after a snowstorm snarled transportation in and around New York City.

M&A King Is... Not Yet Decided

Posted: 27 Dec 2010 06:49 PM PST

Over the past three weeks, Morgan Stanley and Goldman Sachs have traded places atop the "league tables" that chart which investment banks advise on the most merger deals for the year, and the jockeying can be expected to continue.

Vive le Funding for Arte

Posted: 27 Dec 2010 04:32 PM PST

France is increasing funding for a state-sponsored arts TV channel, even as viewership wanes. Despite its detractors, the channel fits into France's 'cultural myth,' one analyst says.

Companies Sweat British Bribery Law

Posted: 27 Dec 2010 06:48 PM PST

Multinational companies face a new British law they fear will force them to rethink their compliance strategies and upend their business practices.

Dr Pepper Sees Sticky Prices Sweetening Profits

Posted: 27 Dec 2010 04:10 PM PST

Dr Pepper CEO Larry Young says retail soda-price increases have started to stick after a summer of steep discounts, but consumers are still being frugal.

Retail Challenges Rise as Robust Sales Return

Posted: 27 Dec 2010 06:48 PM PST

American shoppers expanded their year-end purchases by the biggest margin since the boom year of 2005, but heady challenges lie ahead for retailers.

GE Forms Russian Joint Ventures

Posted: 27 Dec 2010 03:17 PM PST

GE is furthering two joint-venture agreements in Russia, a new area of focus for the conglomerate as Russia officials aim to improve energy and health-care infrastructure.

Alcatel-Lucent Settles U.S. Bribery Charges

Posted: 27 Dec 2010 03:18 PM PST

Telecom-gear maker Alcatel-Lucent agreed to pay more than $137 million to settle U.S. charges it bribed foreign government officials in Latin America and Asia.

Hitachi Says No Decision Yet on Foxconn Tie-Up

Posted: 27 Dec 2010 03:11 PM PST

Hitachi Ltd. said Monday nothing had been decided with respect to a tie-up with Taiwanese electronics manufacturing services firm Hon Hai Precision Industry Co., also known as Foxconn.

Obama's Budget Delayed a Week

Posted: 27 Dec 2010 06:37 PM PST

President Barack Obama's budget proposal for fiscal 2012 will be released in mid-February, a little more than a week after its planned release date.

Demise of the Pork-Belly Contract

Posted: 27 Dec 2010 06:08 PM PST

Pork-belly futures in Chicago are in danger of extinction, due to lack of activity. The CME was once known as the "House that Bellies Built." Says one trader: "It's sad to watch. ... People don't even know what pork bellies are."

On McDonald's Menu: Variety, Caution

Posted: 27 Dec 2010 12:25 PM PST

McDonald's may be synonymous with burgers, but it made it through the slump with the help of fruit smoothies, snack wraps and mocha frappes.