"Wallstreet" Reader

"Wallstreet" Reader


CEOs With Big Repair Jobs

Posted: 03 Jan 2011 04:31 PM PST

For CEOs of troubled companies like Nokia and Yahoo, the question for the new year is: Can I fix it?

FDA Prepares to Enact Food-Safety Law

Posted: 03 Jan 2011 05:33 PM PST

The FDA is preparing to enact provisions of the new food-safety bill that was passed by Congress in the waning days of 2010 and is expected to be signed into law Tuesday.

Brown Takes On a Different California

Posted: 03 Jan 2011 05:57 PM PST

Democrat Jerry Brown was sworn in Monday as California's 39th governor, returning to the office he left 28 years ago.

Brazil Set to Pressure Beijing on Currency

Posted: 03 Jan 2011 05:58 PM PST

Brazil's overvalued currency may be turning the South American giant into a U.S. ally on a key economic issue: Pressuring China to let its own currency strengthen to address global trade imbalances.

Mining Firms' Labor Costs Escalate

Posted: 03 Jan 2011 05:18 PM PST

Demand for commodities has boosted demand for miners, prompting warnings from companies that a shortage could slow growth and raise costs.

Stock Surge Rings in New Year

Posted: 03 Jan 2011 06:30 PM PST

Global stocks and oil prices leaped to fresh multi-year highs as investors welcomed the New Year with hope for a strengthening global recovery.

Motorola Split Will Impart More Focus

Posted: 03 Jan 2011 04:43 PM PST

The split-up of Motorola, which takes effect Tuesday, will create two more-focused successors, but it will leave them more exposed to the whims of big customers and vying with each other for corporate business.

Macau Gambling Revenue Soars

Posted: 03 Jan 2011 03:56 PM PST

Gambling revenue in Macau in December surged 66% from a year earlier, capping a booming year in the Chinese gambling enclave.

Lenders Shift Some Loan Costs to Big Borrowers

Posted: 03 Jan 2011 07:58 PM PST

Some banks have begun passing along costs triggered by the Dodd-Frank financial-overhaul law.

Oprah's Network Draws Big Audience

Posted: 03 Jan 2011 04:37 PM PST

Oprah Winfrey's new cable network made a splash in its debut Saturday night, reporting more than 1 million viewers for its first prime-time shows over a holiday weekend.

Two Executives Leave Borders

Posted: 03 Jan 2011 04:40 PM PST

Borders Group announced the departure of two top executives. But the bookseller got a vote of confidence when one distributor said it will continue to ship books, despite the retailer's wobbly finances.

Israel Sets Steep Rise in Oil, Gas Taxes

Posted: 03 Jan 2011 06:57 PM PST

Israel looks set to push through a sharp increase in oil and gas taxes after a committee of experts recommended nearly doubling the state's share of future revenue from oil and gas finds.

'Dark Pools' Pick Up Stock-Trading Share

Posted: 03 Jan 2011 04:55 PM PST

Private markets accounted for a record 1 in 3 U.S. stock trades last month as the country's four largest stock-exchange groups continued to lose market share, according to data compiled by Raymond James Financial.

Bankruptcy Filings Leapt 9% Last Year

Posted: 03 Jan 2011 05:00 PM PST

The number of Americans filing for personal bankruptcy topped 1.5 million last year, as high long-term jobless rates and depressed home prices drove more households to seek court protection.

Insider Case Defendant to Stay Jailed

Posted: 03 Jan 2011 02:24 PM PST

A California woman accused of improperly tipping hedge funds about tech companies' financial results will remain in jail pending trial.

Path Clears for Deep-Water Drilling

Posted: 03 Jan 2011 07:37 PM PST

Deep-water drilling in the Gulf could resume within weeks under a policy announced by the Obama administration, which has come under increasing criticism from the oil industry and politicians in the region over the impact of the drilling halt.

Goldman Clients Jockey for Shot at Facebook Shares

Posted: 03 Jan 2011 02:56 PM PST

Wealthy clients of Goldman Sachs began jockeying for a piece of the deal struck by the securities firm to invest in social-networking company Facebook.

Contenders for RNC Post Snipe at Steele

Posted: 03 Jan 2011 03:15 PM PST

Candidates to head the Republican National Committee took shots at its embattled chairman, Michael Steele, at a packed debate less than two weeks before committee members will pick a leader heading into the 2012 election.

Commodities Get Off to Brisk Start

Posted: 03 Jan 2011 01:14 PM PST

Crude oil and wheat hit two-year highs, while gold reached another record amid optimism about the health of the global economy.

Copper Futures Hit Record

Posted: 03 Jan 2011 11:44 AM PST

The metal set its third consecutive record settlement, locking in a gain on the first trading day of 2011.