"Wallstreet" Reader

China Link Investigated in Renault Spy Case
Sanctions Slow Iran's Nuclear Program
Behind Bars, a Cat-and-Mouse Game
U.S. Treasury to Audition Bankers for AIG Offering
Investors Get in a Lather Over Tech
Israelis Push Back Iran Bomb Timeline
Verizon Finally Lands the iPhone
Greenspan Warns of Risks From U.S. Debt
Accounting Overseer Names Doty Chairman
Foreclosure Setback for Banks
Ex-Madoff Employee Granted Bail
CSC Says Worth More Than Simon's Offer
4,700 German Farms Shut in Scare
Stealth Jet 'Leak' Not Seen as an Accident
Stress Test Redux: Return of Bank Dividends
Bernanke Rules Out State Bailouts
Weak Hiring Casts a Cloud on Recovery
Euro Crisis Roars to Forefront
Trichet Urges EU States to Rein In Budgets
FSA May Seek Power to Block Takeovers

China Link Investigated in Renault Spy Case

Posted: 07 Jan 2011 05:23 PM PST

Chinese interests may be behind a high-level corporate espionage case related to Renault's electric car program that has led to the suspension of three company managers.

Sanctions Slow Iran's Nuclear Program

Posted: 07 Jan 2011 04:36 PM PST

U.S. and allied efforts to crimp Iran's development of an atomic weapon are restricting Tehran's ability to get raw materials needed to make nuclear fuel.

Behind Bars, a Cat-and-Mouse Game

Posted: 07 Jan 2011 04:26 PM PST

Authorities allege that Thomas F. Quinn, in phone calls from prison as he awaits trial on an alleged multimillion-dollar scam, is using colorful nicknames and cryptic references to hide assets from the SEC.

U.S. Treasury to Audition Bankers for AIG Offering

Posted: 07 Jan 2011 06:35 PM PST

The U.S. government is auditioning bankers next week in Washington to manage a public offering of a chunk of its stake in insurer American International Group.

Investors Get in a Lather Over Tech

Posted: 07 Jan 2011 07:40 PM PST

Financiers and investors are casting their gaze to Silicon Valley, in what is shaping up as an echo of the dot-com craze over a decade ago.

Israelis Push Back Iran Bomb Timeline

Posted: 07 Jan 2011 02:03 PM PST

Israel's outgoing spy chief said Iran couldn't develop a nuclear warhead before 2015 at the earliest, the latest indication that Israel's security establishment believes international efforts to stop Iran's nuclear program are succeeding.

Verizon Finally Lands the iPhone

Posted: 07 Jan 2011 05:36 PM PST

Verizon Wireless is finally getting Apple's popular iPhone. The wireless carrier is holding an event in New York Tuesday to announce the news.

Greenspan Warns of Risks From U.S. Debt

Posted: 07 Jan 2011 11:44 AM PST

Former Fed Chairman Alan Greenspan said the U.S. could face a bond-market crisis if politicians don't act soon to start cutting the nation's debt.

Accounting Overseer Names Doty Chairman

Posted: 07 Jan 2011 06:30 PM PST

James Doty, a Washington attorney and former SEC senior staff member, was appointed chairman of the federal panel overseeing the accounting industry.

Foreclosure Setback for Banks

Posted: 07 Jan 2011 12:25 PM PST

A Massachusetts court ruled against U.S. Bancorp and Wells Fargo in two mortgage-foreclosure cases, affirming that the banks failed to show they held mortgages at the time of foreclosures.

Ex-Madoff Employee Granted Bail

Posted: 07 Jan 2011 10:07 AM PST

A longtime "back office" employee of Madoff was again granted bail after she was ordered jailed last month.

CSC Says Worth More Than Simon's Offer

Posted: 07 Jan 2011 08:10 AM PST

Capital Shopping Centres Group, in its latest attempt to fend off a takeover offer from U.S. shopping mall operator Simon Property Group, said Friday that its potential value is much higher than the $4.64 billion the company is offering.

4,700 German Farms Shut in Scare

Posted: 07 Jan 2011 10:10 AM PST

German authorities have blocked sales from thousands of farms across Germany that have received shipments of livestock feed potentially contaminated with high levels of dioxins linked to cancer and other ailments.

Stealth Jet 'Leak' Not Seen as an Accident

Posted: 07 Jan 2011 01:13 PM PST

Fresh video and still images of China's supposed stealth fighter prototype have emerged online, fueling speculation about why the secretive military would let the curtain be lifted on such a sensitive project.

Stress Test Redux: Return of Bank Dividends

Posted: 07 Jan 2011 11:02 AM PST

Nineteen big banks that underwent government stress tests in 2009 were to submit new capital plans to the Federal Reserve by Friday to be eligible to raise their dividends or repurchase stock.

Bernanke Rules Out State Bailouts

Posted: 07 Jan 2011 03:47 PM PST

Fed Chairman Bernanke ruled out a central bank bailout of state and local governments strapped with municipal debt burdens, saying the Fed had limited legal authority to help.

Weak Hiring Casts a Cloud on Recovery

Posted: 07 Jan 2011 05:45 PM PST

The unemployment rate fell to its lowest point in 19 months in December, but the 103,000 jobs created fell well short of the tally needed to bring about a sustained recovery in the labor market.

Euro Crisis Roars to Forefront

Posted: 07 Jan 2011 07:47 AM PST

The euro zone's debt stresses are back in force at the end of the first trading week of 2011, touched off by political paralysis in Belgium, signs of slowing economic recovery and a proposed EU rule that private investors take a hit in cases of bank failures.

Trichet Urges EU States to Rein In Budgets

Posted: 07 Jan 2011 04:13 PM PST

ECB President Jean-Claude Trichet used his first major address of the new year to appeal to governments to "turn the page" from a crisis-marred 2010 and redouble their efforts to rein in budgets and apply harsh penalties to deficit rule-breakers.