"Wallstreet" Reader

"Wallstreet" Reader

Asia Up Before Europe Sales

Posted: 11 Jan 2011 07:26 PM PST

Asian stock markets rose, but investors remained cautious ahead of European bond auctions. The Nikkei climbed 0.6%.

GM Rethinks Pay for Unionized Workers

Posted: 11 Jan 2011 05:56 PM PST

GM wants pay for union workers be tied to employees' work performance and the company's financial health in what would be a major shift in how generations of auto workers have been compensated.

U.S. Export Financing Challenges China

Posted: 11 Jan 2011 06:29 PM PST

The Export-Import Bank of the U.S. is taking on China's export machine, in a deal designed as a model for developed nations to challenge China in markets around the world.

Goldman Bankers, Ascendant Again

Posted: 11 Jan 2011 07:32 PM PST

In the pecking order at Goldman Sachs, traders trounced investment bankers for most of the past decade. Now, the firm's army of investment bankers is making a comeback.

Early Issue: Where to Try Loughner

Posted: 11 Jan 2011 05:34 PM PST

The federal prosecution of alleged gunman Jared Lee Loughner will likely focus first on whether he should be tried in Arizona, then shift to mental competency.

Charges of Bias at Work Hit Record

Posted: 11 Jan 2011 05:07 PM PST

Private-sector workers filed a record number of discrimination charges against employers during fiscal 2010, an increase business groups and attorneys attributed primarily to the strained economy.

AMD Board Clashed With CEO on Strategy

Posted: 11 Jan 2011 05:27 PM PST

The board was concerned for nearly a year that CEO Dirk Meyer wasn't doing enough to get the chip maker into semiconductor markets for mobile devices such as tablet computers.

Airbus Lines Up Big Jet Order From India

Posted: 11 Jan 2011 07:16 PM PST

Airbus announced a deal to sell 180 A320 aircraft to Indian low-fare carrier IndiGo, in what it called its biggest ever commercial-aircraft deal by volume.

Twins' Appeal of Facebook Pact Starts

Posted: 11 Jan 2011 03:58 PM PST

A court heard the sequel to one of the Web's most storied legal quarrels: whether Facebook's Mark Zuckerberg stole the idea for the influential social-networking site.

New Move to Make Yuan Global Currency

Posted: 11 Jan 2011 07:59 PM PST

Bank of China, one of the country's big four state-owned banks, has opened trading in the Chinese currency to customers in the U.S., representing a symbolic endorsement by Beijing of foreign trading in the yuan.

Giffords's Outlook Improves

Posted: 11 Jan 2011 04:10 PM PST

U.S. Rep. Gabrielle Giffords remained in critical condition after brain surgery, but doctors said Tuesday that she would survive Saturday's shooting.

S&P to Revamp Bank Ratings

Posted: 11 Jan 2011 09:48 AM PST

Standard & Poor's plans to revamp the way it forms opinions used to determine the credit ratings on banks and financial institutions, which could result in changes to more than half of its bank ratings.

Northeast Braces for Another Big Storm

Posted: 11 Jan 2011 12:05 PM PST

A winter storm that could dump nearly a foot of snow on parts of the Middle Atlantic region and on the Northeast is due to hit later Tuesday, raising prospects of closed roads, delayed flights and other transportation nightmares.

'Expert' Analyst Admits Recruiting Leakers

Posted: 11 Jan 2011 03:21 PM PST

A former tech analyst at Primary Global, an "expert network" firm ensnared in a major insider-trading investigation, admitted he recruited employees of public companies specifically to help hedge funds and other investors obtain confidential information.

Job Openings Fall in Tough Market

Posted: 11 Jan 2011 01:27 PM PST

There were fewer job openings in the U.S. in November as employers continued to hire only modestly, creating a fiercely competitive labor market for those searching for work.

Court Upholds Medical-Residents Tax

Posted: 11 Jan 2011 01:17 PM PST

The Supreme Court upheld an Internal Revenue Service requirement that medical residents pay Social Security taxes.

Inflation Hampers Emerging Asia

Posted: 11 Jan 2011 04:25 PM PST

Some of the best-performing markets of 2010, from India across Southeast Asia, have started the year with a disconcerting, inflation-inspired selloff.

Fed Officials Signal Intent to Back Bond Buys

Posted: 11 Jan 2011 05:12 PM PST

Federal Reserve Chairman Ben Bernanke appears to have support from other Fed officials to continue his $600 billion bond-buying program when they convene for their next policy meeting on January 26-27.

GM to Advertise During 2012 Olympic Games

Posted: 11 Jan 2011 08:44 AM PST

General Motors has signed on to be the exclusive U.S. auto advertiser on NBC's broadcast of the 2012 Olympic Games in London, in a sign of the auto maker's renewed emphasis on advertising.

Verizon Unveils iPhone Plan

Posted: 11 Jan 2011 08:00 PM PST

Verizon Wireless will start selling Apple's iPhone 4 early next month, ending AT&T's exclusive hold over the blockbuster smartphone and shaking up the industry.