"Wallstreet" Reader

"Wallstreet" Reader


Euro-Zone Inflation Threatens Two-Speed Economy

Posted: 04 Jan 2011 06:01 PM PST

The euro zone's first batch of economic data in 2011 had more negatives than positives, providing a sharp reminder of the delicate balance between supporting growth and keeping inflation in check.

Asia Mixed; Resources Lower

Posted: 04 Jan 2011 06:39 PM PST

Asian stock markets were mixed, with resource stocks lower on weakness in gold and oil. The Nikkei fell 0.3%.

Borders to Offer IOUs

Posted: 04 Jan 2011 04:39 PM PST

Borders Group is expected to ask publishers on Wednesday to push back the due dates on bills as it works out a refinancing plan, according to people familiar with the situation.

Rally in Commodities Stalls

Posted: 04 Jan 2011 05:27 PM PST

The year-end rally that drove some commodities to multiyear highs stalled on Tuesday, sending gold to the worst price decline in six months and wiping out recent advances in everything from silver to oil to sugar.

Microsoft Alliance With Intel Shows Age

Posted: 04 Jan 2011 04:32 PM PST

The tech industry's most lucrative partnership—the alliance between Microsoft and Intel—is coming to a day of reckoning. Sales of gadgets using rival technologies are taking off, pushing the two to go their separate ways.

At Banks, New Fees Replacing Old Levies

Posted: 04 Jan 2011 05:57 PM PST

Banks are looking at new ways to raise fees on basic products like debit cards, cash machines, and checking accounts, as regulations curtail other charges.

Qualcomm Eyes Atheros Buyout

Posted: 04 Jan 2011 04:47 PM PST

Qualcomm is in advanced talks to buy Atheros Communications. The negotiations, which began last fall and picked up again very recently, are at a late stage but could still fall apart.

Hot Business Issues the New Congress Faces

Posted: 04 Jan 2011 03:29 PM PST

The Democrats who ran Washington for the past two years got the federal government deeply involved in the U.S. economy. Now, the GOP-controlled House will try to put the brakes on the growth of federal power—and where possible, reverse course.

Bondholders Rattled by Prepayment Covenants

Posted: 04 Jan 2011 06:05 PM PST

Bond markets remain so frothy that corporate-bond buyers aren't worried they won't get paid; they are worried about getting paid too soon.

AIG Says Nan Shan Unit Fetched $3 Billion Bid

Posted: 04 Jan 2011 04:39 PM PST

American International Group told regulators in November it had been offered as much as $3 billion for the Taiwanese life-insurance unit it has been trying to sell to help repay its government bailout.

U.S. Claws Back Pay From Wilmington Trust CEO

Posted: 04 Jan 2011 06:41 PM PST

Wilmington Trust, in order to comply with government bailout rules, recently rescinded more than $1.8 million in compensation from Chief Executive Donald Foley, possibly the first time a top bank official has had to return money for this reason.

Chile Unveils $12 Billion Peso Intervention

Posted: 04 Jan 2011 12:59 PM PST

The government announced a $12-billion market operation this week designed to weaken its currency, joining other emerging economies that are trying to keep exports competitive and maintain high levels of growth.

Gold Prices Fall 3.1%

Posted: 04 Jan 2011 02:35 PM PST

Gold retreated below $1,400 as investors locked in gains made over the past two weeks.

Judge Rules Emanuel Can Run for Mayor

Posted: 04 Jan 2011 03:07 PM PST

A Cook County circuit judge ruled Tuesday that former White House Chief of Staff Rahm Emanuel is eligible to run for mayor of Chicago.

Fed Stands by Bond Purchases

Posted: 04 Jan 2011 06:53 PM PST

Fed officials were unfazed by a rise in long-term interest rates at their December policy meeting, noting that rates were increasing partly because the U.S. economy was getting stronger, as they had hoped would happen.

Court Changes Law on Patent Damages

Posted: 04 Jan 2011 06:24 PM PST

A federal appeals court restored a jury verdict that Microsoft infringed a patent held by Uniloc related to combating software piracy, but ruled that the software giant was entitled to a new trial on damages.

FDA Warns Invacare Over Electric Beds

Posted: 04 Jan 2011 06:38 PM PST

Health regulators issued a warning to Invacare for failing to report and address malfunctions with its electric beds, including electronics that allegedly caught on fire causing injury and death.

Global M&A Raised $2.4 Trillion in 2010

Posted: 04 Jan 2011 09:39 AM PST

Global merger and acquisition deals raised $2.4 trillion, up 23% from 2009 and the strongest full-year period since 2008. A record-setting one-third of those deals were in emerging markets.

Indian Police Probe Citi, Pandit

Posted: 04 Jan 2011 03:50 PM PST

The Indian police registered a case against top Citigroup officials, including Chief Executive Vikram Pandit, in connection with a estimated $67.2 million alleged fraud at a Citibank branch in a New Delhi suburb.

Asda Chairman Steps Down

Posted: 04 Jan 2011 09:02 AM PST

Andy Bond has stepped down as chairman of Wal-Mart's U.K. supermarket chain Asda with effect from the beginning of the year, the company said.