"Wallstreet" Reader

Time Warner, Sinclair Extend Talks, Avoid Blackout
Gold Closes Year Nearly 30% Higher
Copper Hits Record
Euro-Zone Bonds to Start New Year With Old Problems
United Continental Loses Arbitrator Decision
Housing Pain Pits Neighbor Against Neighbor
Delays Have Families Doing Quantity Time
Hedge-Fund Lawsuit Dismissed in VW Bid
Treasurys Gain 5.51% in 2010
CVS to Buy Universal American Drug Unit
Dow Ends 2010 Up 11%
Billy the Kid Fails to Win Pardon
Asian Shares End Year Mixed

Time Warner, Sinclair Extend Talks, Avoid Blackout

Posted: 31 Dec 2010 07:56 PM PST

Time Warner Cable said that it has reached an agreement with Sinclair Broadcast Group that will extend year-end negotiations over programming fees until Jan. 14 and remove the threat of channel blackouts for five million U.S. households on New Year's Day.

Gold Closes Year Nearly 30% Higher

Posted: 31 Dec 2010 03:59 PM PST

Gold futures finished the year with a 10th consecutive annual gain amid expectations for new record highs next year.

Copper Hits Record

Posted: 31 Dec 2010 01:21 PM PST

Copper closed at a record level on the final trading day of 2010, and analysts forecast prices will be supported in 2011 by consumption that outpaces supply.

Euro-Zone Bonds to Start New Year With Old Problems

Posted: 31 Dec 2010 01:22 PM PST

With Portugal hitting the debt markets for fresh cash in the first days of 2011, the euro zone looks set to start the new year much as it began 2010: under threat from countries with shaky public finances.

United Continental Loses Arbitrator Decision

Posted: 31 Dec 2010 10:00 AM PST

An arbitrator ruled against the October decision by newly merged United Continental Holdings Inc. to put 45 70-seat regional jets operated by United commuter affiliates into service in and out of Continental hubs under the Continental flight code, saying it violates the Continental pilots' labor agreement.

Housing Pain Pits Neighbor Against Neighbor

Posted: 31 Dec 2010 09:41 AM PST

Among the casualties of the housing storm is the neighborliness of certain communities where residents live close together, some paying mortgages and homeowner-association fees, others not

Delays Have Families Doing Quantity Time

Posted: 31 Dec 2010 10:21 AM PST

The Great Christmas Storm of 2010 upended travel plans and left families with far more family time than they had anticipated.

Hedge-Fund Lawsuit Dismissed in VW Bid

Posted: 31 Dec 2010 02:19 PM PST

A U.S. district court judge in New York dismissed a lawsuit filed by a group of hedge-fund managers alleging market manipulation in Porsche's 2008 Volkswagen AG takeover bid.

Treasurys Gain 5.51% in 2010

Posted: 31 Dec 2010 12:58 PM PST

U.S. government debt posted gains of 5.51% for 2010, according to Barclays index data. TIPS, or Treasury inflation protected securities, chalked chalk up gains of 5.84% for the year. The 10-year yield ended 2010 at 3.290%, down from 3.837% a year ago.

CVS to Buy Universal American Drug Unit

Posted: 31 Dec 2010 06:26 AM PST

CVS Caremark agreed to acquire Universal American's Medicare Part D prescription drug business for $1.25 billion, a deal that will more than double the size of CVS's share in that program.

Dow Ends 2010 Up 11%

Posted: 31 Dec 2010 02:34 PM PST

The Dow Jones Industrial Average rose slightly, giving a quiet ending to a second straight year of gains for the market. Other stock measures fell modestly.

Billy the Kid Fails to Win Pardon

Posted: 31 Dec 2010 09:22 AM PST

The iconic outlaw Billy the Kid will not receive a posthumous pardon after all, New Mexico Gov. Bill Richardson announced Friday, his last day in office.