"Wallstreet" Reader

"Wallstreet" Reader

Disney, Yahoo Look at Internet TV

Posted: 09 Jan 2011 07:32 PM PST

Walt Disney is discussing making video from some of its networks available on sets embedded with Yahoo's Internet-TV software.

U.S. Auto Sales to Rise 10%, Economist Says

Posted: 09 Jan 2011 07:08 PM PST

U.S. light-vehicle sales in 2011 will be 12.8 million, a 10% increase over 2010, a Federal Reserve Bank of Chicago economist said.

Economists: More Bank Reforms Needed

Posted: 09 Jan 2011 06:13 PM PST

Global financial reforms that have drawn howls from bankers aren't nearly enough to avert another disaster, said economists at the annual meeting of the American Economic Association.

Market for Vacation Homes Is on the Rise

Posted: 09 Jan 2011 05:41 PM PST

Sales in many vacation communities across the U.S. soared last year to levels not seen since boom times, driven by deep discounts, cash purchases and buyers' rising stock portfolios.

Giffords Shows Encouraging Responses

Posted: 09 Jan 2011 07:10 PM PST

Rep. Gabrielle Giffords, shot in the head at point-blank range, showed encouraging responses following emergency brain surgery, doctors said.

Sorrow Racks Tucson After Killings

Posted: 09 Jan 2011 06:25 PM PST

Bouquets, candles and handwritten notes piled up in public memorials across Tucson as residents struggled with the attack.

DuPont To Buy Danisco

Posted: 09 Jan 2011 07:29 PM PST

DuPont Co. has agreed to buy Danish food ingredients giant Danisco AS for $5.8 billion in cash and assumption of $500 million in debt.

First, the Merger News; Then Comes the Lawsuit

Posted: 09 Jan 2011 04:20 PM PST

Investors are filing an ever-increasing number of lawsuits against corporations embarking on mergers-and-acquisitions deals, just as mergers are heating up. Is it getting out of hand?

Jobs Fall Sharply in British Finance

Posted: 09 Jan 2011 04:00 PM PST

The U.K.'s financial sector cut more jobs in the last three months of 2010 than at any time in the past 17 years, a survey showed, putting into question the government's hopes that the recovery will stay on track.

A U.K. Call for Lower Bank Bonuses

Posted: 09 Jan 2011 04:00 PM PST

U.K. Prime Minister David Cameron said the government needs a broad settlement with banks over pay and lending, but in comments likely to irritate his junior coalition Liberal Democrats partners he said bankers are an "easy scapegoat" for the economic crisis.

CNN Mulls Show Shake-Up

Posted: 09 Jan 2011 07:29 PM PST

CNN is considering replacing Kathleen Parker, co-host of its new evening program "Parker Spitzer," as the network struggles to reverse a steep slide in the program's evening audience.

Duke, Progress Near a Tie-Up

Posted: 09 Jan 2011 04:51 PM PST

A potential deal between Duke Energy and Progress Energy could provide a big boost to both companies' nuclear-power ambitions.

2011 Earnings Face New Headwinds

Posted: 09 Jan 2011 07:17 PM PST

Headwinds from margin pressures and tougher annual comparisons should make corporate profit gains more difficult this year, posing new challenges for businesses and investors.

Fed Chief Gets a Likely Backer

Posted: 09 Jan 2011 07:34 PM PST

When Narayana Kocherlakota gets his first crack at voting at Federal Reserve policy meetings later this month, he is likely to support the Fed's controversial $600 billion bond-buying program, giving Fed Chairman Ben Bernanke a key ally.

Apollo, Entrepreneur Consider Sara Lee Buyout

Posted: 09 Jan 2011 07:32 PM PST

Apollo Global Management and investor C. Dean Metropoulos have formed a group of investors to explore a buyout of Sara Lee.

Alaska Pipeline Closes

Posted: 09 Jan 2011 07:00 PM PST

Analysts said the shutdown of the Trans Alaska Pipeline could trigger a jump in oil prices unless a leak is repaired quickly. BP and other oil producers were forced to shut down nearly all their output on Alaska's North Slope.

VW Revamps Passat for U.S. Push

Posted: 09 Jan 2011 06:54 PM PST

Volkswagen will introduce a revamped Passat in Detroit Monday, as the German auto maker bets on the midsize-sedan market in the U.S.

Fears Mount Over European Debt, Banks

Posted: 09 Jan 2011 03:26 PM PST

The new year is off to a rough start for Europe, and market strategists expect more trouble ahead as European governments prepare to tap the bond markets to borrow money. A growing area of concern is banks.

China City to Tax Property

Posted: 09 Jan 2011 04:14 PM PST

Chongqing is finalizing plans for a new tax on high-end residential real estate, state media reported.

Calls to Temper Political Rhetoric

Posted: 09 Jan 2011 02:09 PM PST

While lawmakers and others said the Tucson shooting shouldn't be blamed on a political movement, some called for reflection after a vitriolic campaign season.