"Wallstreet" Reader

"Wallstreet" Reader

Obama Courts Business Support

Posted: 18 Jan 2011 07:50 PM PST

President Obama formally ordered government agencies to review hundreds of regulations to ensure they aren't hampering businesses, a move aimed at building support among employers.

Two Arrested in iPad Hack

Posted: 18 Jan 2011 05:36 PM PST

Two men were arrested Tuesday in an alleged security breach of AT&T servers last June that may have exposed personal information about 120,000 iPad users.

Facebook Flop Riles Goldman Clients

Posted: 18 Jan 2011 07:34 PM PST

Goldman has to contend with angry American clients after pushing them to buy shares in the social-networking site, and then pulling the offer.

U.S. Factories Buck Decline

Posted: 18 Jan 2011 08:00 PM PST

U.S. manufacturing, viewed as a lost cause by many Americans, has begun creating more jobs than it eliminates for the first time in more than a decade.

FDA Skeptical About Detecting Alzheimer's

Posted: 18 Jan 2011 04:04 PM PST

FDA staff cast a skeptical eye on an Eli Lilly imaging drug designed to detect the plaques in the brain that are characteristic of Alzheimer's disease, offering a first glimpse of how regulators view the field of diagnosis.

Wary Powers Set to Square Off

Posted: 18 Jan 2011 07:28 PM PST

China's president landed in Washington for a summit that will help to define a new relationship between the world's longtime superpower and its rising Asian rival, at a time when their bonds have been frayed by mutual suspicions and an ideological gulf.

Haiti Presses Charges Against Duvalier

Posted: 18 Jan 2011 05:29 PM PST

Haiti's chief prosecutor formally re-opened a 2008 case charging Jean Claude "Baby Doc" Duvalier on Tuesday with a slew of criminal charges including murder, the latest twist in a bizarre odyssey that has kept the country on edge for days.

Strong Debut for Piers Morgan

Posted: 18 Jan 2011 02:35 PM PST

"Piers Morgan Tonight," the show replacing "Larry King Live," attracted more than 2 million viewers for its debut, a huge increase over CNN's fourth-quarter averages.

Apple Profit Soars, but Silent on Jobs

Posted: 18 Jan 2011 07:39 PM PST

Apple posted a 78% surge in profit and record sales of its gadgets in the holiday quarter, but the company's executives ignored the sudden medical leave of CEO Steve Jobs.

AIG, U.S. Select 4 Banks for Share Sale

Posted: 18 Jan 2011 08:03 PM PST

J.P. Morgan, BofA, Goldman Sachs and Deutsche Bank were picked from a pool of 10 banks for lead roles in the share sale of the bailed-out insurer, which could be the biggest offering in U.S. history.

IBM Posts Strong Sales Growth

Posted: 18 Jan 2011 08:01 PM PST

IBM reported its strongest quarterly revenue growth in almost a decade, indicating that companies are again spending on technology.

Cargill to Give Up Mosaic Stake

Posted: 18 Jan 2011 06:55 PM PST

Agribusiness giant Cargill said it plans to give up its majority stake in fertilizer company Mosaic in a transaction worth about $24.3 billion. The move could make Mosaic, a leading seller of potash, more attractive for a takeover.

Oversight Plan Seen to Lack Specifics

Posted: 18 Jan 2011 07:23 PM PST

Top federal regulators inched forward in their implementation of the new financial regulatory law, but didn't provide the clarity banks and others are seeking on two critical provisions.

Boeing Delays 787 Deliveries

Posted: 18 Jan 2011 05:36 PM PST

Boeing expects to deliver its first 787 Dreamliner in the third quarter, its first such prediction since an electrical fire in November forced a suspension of flight testing on the long-delayed aircraft.

China's Thirst for Oil at All-Time High

Posted: 18 Jan 2011 02:06 PM PST

China's oil demand broke through the 10 million-barrel-a-day level in November for the first time, although expected lower gasoil consumption will likely slow the pace of consumption growth early this year, the International Energy Agency said Tuesday.

J.P. Morgan Admits Wrongful Military Foreclosures

Posted: 18 Jan 2011 04:33 PM PST

J.P. Morgan Chase admitted that it wrongly foreclosed on 14 active-service military families and overcharged thousands more on their mortgages, a continuing internal bank review has found.

Comcast-NBC Deal Wins Regulators' Nod

Posted: 18 Jan 2011 08:05 PM PST

Comcast won FCC and Justice Department approval for its deal to acquire control of NBC Universal.

Renault Manager Sues for Defamation

Posted: 18 Jan 2011 03:46 PM PST

One of the three Renault managers accused of selling company secrets sued the French auto maker for defamation, raising the stakes in the controversy.

Yum Plans to Sell Seafood Chain, A&W

Posted: 18 Jan 2011 01:12 PM PST

Yum Brands is putting its Long John Silver's and A&W chains on the auction block, to focus on global expansion of KFC, Pizza Hut and Taco Bell.

'Fat Finger' Error in Treasurys

Posted: 18 Jan 2011 05:30 PM PST

Treasurys fell as demand for safe assets eased while some investors cut holdings to book profits. The reversal was also attributed to an investor making a mistake, or "fat finger" error, on a trade inquiry.