"Wallstreet" Reader

"Wallstreet" Reader

Euro News Boosts Asia Shares

Posted: 12 Jan 2011 08:21 PM PST

Asian stock markets were higher as sentiment was boosted by gains for New York stocks and a successful Portuguese bond auction on Wednesday.

Fuel Prices Threaten Airline Net

Posted: 12 Jan 2011 05:12 PM PST

For 2010, the U.S. airlines are expected to report their first profit in four years, but if oil prices continue to rise, they could be a make or break line item in 2011.

Somber Mission on Day of Mourning

Posted: 12 Jan 2011 05:19 PM PST

Obama visited Rep. Giffords in her hospital room, along with other victims of the mass shooting, as he prepared an evening address aimed at consoling a grieving nation and eulogizing the victims.

Banking Law Hung Up On Down Payments

Posted: 12 Jan 2011 04:44 PM PST

Banks are sparring over looming U.S. mortgage-lending rules that could hike costs for millions of borrowers as regulators race to meet an April deadline for issuing the regulations.

AIG's Major Stock Offering Near

Posted: 12 Jan 2011 07:03 PM PST

AIG plans to close an agreement with the U.S. government on Friday, paving the way for share sales that could eventually enable the insurer to end its status as a ward of the state.

Banks Pass Hurdles but Face More

Posted: 12 Jan 2011 07:08 PM PST

There are new flickers of optimism among U.S. banks, even if the flame is still dim. But big banks may be swapping one set of problems for another.

Merit-Pay Pressure on UAW Is Rising

Posted: 12 Jan 2011 04:56 PM PST

A push for a merit-pay system for hourly workers is emerging as a key issue in contract talks that will get under way this year between the three Detroit car makers and the United Auto Workers union.

Valero to Invest in Wood-Based Ethanol Refinery

Posted: 12 Jan 2011 05:30 PM PST

Oil refiner Valero Energy plans to invest in one of the first commercial-scale plants to convert wood into ethanol in a vote of confidence by a major oil company in the technology to produce so-called cellulosic biolfuels.

Food and Oil Drive Up Import Prices

Posted: 12 Jan 2011 05:55 PM PST

U.S. import prices extended their recent climb in December, rising 1.1% from a month on the back of resurgent energy costs.

House Pays Tribute to Shooting Victims

Posted: 12 Jan 2011 04:09 PM PST

The House paid tribute Wednesday to the Arizona victims with a resolution honoring Democratic Rep. Gabrielle Giffords and the 19 others shot.

December Budget Deficit: $80 Billion

Posted: 12 Jan 2011 02:03 PM PST

The U.S. budget deficit shrank in December, but the government still spent far more than it collected, adding to the country's already high level of debt.

Beige Book Notes Modest Strength

Posted: 12 Jan 2011 01:23 PM PST

The U.S. economy gained muscle at the end of 2010 but remains so weak that inflation pressures are muted and the jobs market still soft, a Fed survey of regional economies showed.

Top Chile Copper Miners to Adopt New Royalty

Posted: 12 Jan 2011 11:07 AM PST

Several of Chile's largest private mining companies have opted for a new copper royalty structure that will increase the average income tax currently paid by two to four percentage points.

Prices Soar on Crop Woes

Posted: 12 Jan 2011 07:09 PM PST

Evidence of tightening global food supplies grew as the USDA cut its estimates for global harvests of key crops and raised some demand forecasts, adding to worries about rising food prices.

Renault to File Spy Complaint Thursday

Posted: 12 Jan 2011 11:26 AM PST

Renault said it plans to file a complaint Thursday before the criminal court in Paris in a case related to suspected industrial espionage, as two unions said they will press the company's management to say more on the spying scandal.

German Economy Steams Ahead

Posted: 12 Jan 2011 07:23 PM PST

Germany's economy in 2010 grew at the fastest pace in a generation, but doubts are growing that its export-fueled expansion can defy Europe's widening debt crisis.

Morgan Stanley Fund Raises Nearly $1 Billion

Posted: 12 Jan 2011 12:22 PM PST

Morgan Stanley's first dedicated corporate mezzanine fund has closed with $956 million in capital from investors as it seeks to capitalize on an expected dearth of refinancing activity.

Cargill Profit More Than Triples

Posted: 12 Jan 2011 11:23 AM PST

Cargill said its second-quarter benefited from rising commodity prices and firming global demand.

ECB's Year Begins Under Clouds

Posted: 12 Jan 2011 05:44 AM PST

The European Central Bank's governing council will welcome one new friend and confront two old enemies when it meets for the first time this year.

Stocks Rally After Portugal Auction

Posted: 12 Jan 2011 05:30 PM PST

The Dow Jones Industrial Average finished higher by 83.56 points, or 0.72%, at 11755.44 as Portugal's successful debt auction eased some euro-zone worries.