"Wallstreet" Reader

"Wallstreet" Reader

New York's Top Cop Cut From a Different Cloth

Posted: 14 Jan 2011 04:42 PM PST

Eric Schneiderman ran for attorney general on a platform of cleaning up Albany, the state judicial system and the environment. But he won't shy away from Wall Street either.

Open Field Spurs GOP Dark Horses

Posted: 14 Jan 2011 05:29 PM PST

The lack of a clear 2012 Republican presidential front-runner is prompting lesser-known figures to consider joining the race.

H-P CEO Reprograms Strategy

Posted: 14 Jan 2011 07:05 PM PST

Hewlett-Packard's new CEO plans to shuffle the technology giant's senior management and place a greater emphasis on the more profitable pieces of the business.

Players Line Up to Bid for Massey

Posted: 14 Jan 2011 06:06 PM PST

Alpha Natural Resources and Arch Coal have emerged as the most serious competitors to acquire Massey Energy.

Georgia Bank Fails

Posted: 14 Jan 2011 04:52 PM PST

Oglethorpe Bank, based in Brunswick, Ga., was closed by the state's department of banking and finance, which put it in receivership of the Federal Deposit Insurance Corp.

U.S. Banks Loosen Purse Strings

Posted: 14 Jan 2011 05:33 PM PST

U.S. banks are expanding their loans to consumers for the first time since the credit crisis erupted, as lending standards begin to loosen and demand for new loans edges higher.

Progress on Corporate-Tax Overhaul

Posted: 14 Jan 2011 05:12 PM PST

Executives from several big U.S. companies endorsed the idea of revamping corporate-tax rules following a meeting with Treasury Secretary Geithner.

Borders Hires Restructuring Lawyers

Posted: 14 Jan 2011 05:50 PM PST

Borders Group is continuing talks to a secure a $500 million credit line and has hired bankruptcy and restructuring lawyers.

J.P. Morgan Rides Consumer Revival

Posted: 14 Jan 2011 06:48 PM PST

J.P. Morgan posted a 47% jump in fourth-quarter profit, boosting bank stocks as investors cheered new signs of strength among U.S. consumers and businesses.

Priebus Ousts Steele as RNC Chairman

Posted: 14 Jan 2011 05:34 PM PST

Michael Steele's rocky tenure as leader of the RNC came to an end Friday as party leaders elected Wisconsin political official Reince Priebus to lead the GOP's main campaign committee.

BP and Rosneft to Swap Stakes

Posted: 14 Jan 2011 05:53 PM PST

BP has struck a share-swap deal with Russian-owned oil company Rosneft that will allow BP to jointly explore and develop parts of the Russian Arctic.

AIG Repays Final Bit of NY Fed Debt

Posted: 14 Jan 2011 05:29 PM PST

AIG repaid all its obligations to the Federal Reserve Bank of New York, ending the central bank's involvement in the affairs of the giant insurer and paving the way for the company to begin exiting U.S. ownership.

Kosmos Energy Plans $500 Million IPO

Posted: 14 Jan 2011 01:56 PM PST

Kosmos Energy plans to offer up to $500 million in an initial public offering. The company is majority owned by Blackstone and Warburg Pincus.

Morgan Stanley's U.S. Chief Economist Berner Leaving

Posted: 14 Jan 2011 11:24 AM PST

Richard Berner, U.S. chief economist for Morgan Stanley, has decided to leave the Wall Street firm to pursue other opportunities.

Smiths Group Rejects Bid for Unit

Posted: 14 Jan 2011 05:45 PM PST

Smiths Group said it rejected a cash offer $3.89 billion from buyout firm Apax Partners for its medical-devices unit.

Stores Fret Over Outlook

Posted: 14 Jan 2011 07:05 PM PST

Retailers saw their best holiday season since the start of the recession, but a loss of momentum in December fed concerns about the strength of the sector's revival in the new year.

Pimco's Bond Fund Pares U.S. Holdings

Posted: 14 Jan 2011 06:30 PM PST

Pimco cut the U.S. government-related holdings in its flagship bond fund in December to the lowest level in nearly two years.

Clinton Urges China to Embrace Reform

Posted: 14 Jan 2011 10:11 AM PST

Just days ahead of Chinese President Hu Jintao's visit to Washington, U.S. Secretary of State Clinton on Friday urged China to improve its human-rights policies and to accept more responsibility as a global leader.

Tunisians Oust President

Posted: 14 Jan 2011 06:13 PM PST

Tunisia's president fled the country, stepping aside following a month of popular protests against his 23-year rule that swelled into the country's largest mass demonstration in memory.

Broad Tack Seen for 'Volcker Rule'

Posted: 14 Jan 2011 07:38 PM PST

Top U.S. financial regulators charged with issuing recommendations on how to implement the "Volcker rule" appear to be leaning against requiring precise rules for specific assets or trades.