"Wallstreet" Reader

"Wallstreet" Reader

Hulu Reworks Script as Digital Change Hits TV

Posted: 26 Jan 2011 07:35 PM PST

Just as the digital wave transforms the television industry, Hulu, a pioneer of Internet TV, is in internal discussions to dramatically transform itself.

Stanford Judged Incompetent to Stand Trial

Posted: 26 Jan 2011 07:12 PM PST

A Texas judge found Robert Allen Stanford incompetent to stand trial on charges of operating a large Ponzi scheme, following conclusions by three psychiatrists that Mr. Stanford is mentally impaired.

Mining Fight Shows Pressures on Multinationals

Posted: 26 Jan 2011 07:05 PM PST

Guinea's effort to use its vast iron-ore reserves to become among Africa's most prosperous economies is pitting multinationals Rio Tinto and Vale against each other, illustrating the difficulties of doing business on the continent.

More Small Businesses Become Multinationals

Posted: 26 Jan 2011 05:06 PM PST

From brew-pub operators to manufacturers of irrigation gear, more small companies are following the trail blazed by bigger ones toward globalization.

Ford Steers to Strong Profit

Posted: 26 Jan 2011 03:45 PM PST

Ford Motor is expected to post its best annual profit in more than a decade Friday.

Tax Redo to Seek 'Level Playing Field'

Posted: 26 Jan 2011 06:50 PM PST

Treasury Secretary Geithner said a "level playing field" is a major goal of a corporate-tax revamp, which would allow the market rather than the tax system to drive investment.

Wal-Mart's New Hot Spot: Canada

Posted: 26 Jan 2011 04:51 PM PST

Wal-Mart Stores Inc. said it is spending half a billion dollars this year to expand in Canada, the latest example of a retail rush north to take advantage of Canada's relatively robust economy and eager-to-spend consumers.

Warehouse Giant AMB Near Merger With ProLogis

Posted: 26 Jan 2011 06:16 PM PST

Warehouse giant AMB Property is close to a pact to merge with its larger rival, ProLogis, in what would be the largest deal involving publicly traded real-estate companies in years.

Netflix Sees Surge in Subscribers

Posted: 26 Jan 2011 04:57 PM PST

Netflix posted a surge in profit and revenue, as the appeal of its movie-streaming service fueled the addition of 3.1 million subscribers over the holidays, cementing the company's status as a rising player in digital media.

Companies Struggle to Adjust Inventory

Posted: 26 Jan 2011 03:28 PM PST

The choppy U.S. economic recovery is testing companies' skill at finding just the right inventory levels. Manufacturers that cut production including 3M and Harley-Davidson are now worried about losing sales.

Motorola Mobility Braces for iPhone on Verizon

Posted: 26 Jan 2011 03:44 PM PST

Motorola Mobility posted a profit in the fourth quarter amid a surge in smartphone sales, but warned of a weak start to the year for the newly independent company.

E*Trade Logs Loss, Raises Reserves

Posted: 26 Jan 2011 02:11 PM PST

E*Trade Financial's fourth-quarter loss narrowed from a year ago, as the company reported declining delinquencies across its bank's loan portfolio.

Ally Financial Feels Out Banks for IPO

Posted: 26 Jan 2011 01:34 PM PST

Ally Financial is interviewing bankers this week for its initial public offering, including J.P. Morgan, Citgroup, Goldman Sachs and Morgan Stanley. The offering would pave the way for Ally to pay back its federal bailout funds.

Egyptians Protest, Defying Official Ban

Posted: 26 Jan 2011 03:53 PM PST

Egyptian demonstrators extended their nationwide antigovernment rallies into a second day Wednesday in defiance of a security crackdown, deepening a conflict with the potential to rattle regimes across the Middle East.

Resources Sector Set to Deal

Posted: 26 Jan 2011 06:07 PM PST

Glencore International's plans for an IPO will attract unprecedented scrutiny and open deeper pockets to the global trade in raw materials, and it could trigger another round of deal-making in the natural resources sector.

Smartphones Get More Airwaves

Posted: 26 Jan 2011 01:13 PM PST

The FCC approved a request to allow a satellite broadband start-up to lease its airwaves for traditional mobile phones.

Kodak Hit by Patent Gamble

Posted: 26 Jan 2011 03:25 PM PST

A failed intellectual property licensing deal in the fourth quarter helped send Kodak's profit down 95%, highlighting the risks of the company's strategy of leaning on its patent portfolio.

N.Y. Takes Control of County's Finances

Posted: 26 Jan 2011 07:59 PM PST

A state oversight board took control of Nassau County's long beleaguered finances, an unprecedented move that will likely be legally challenged.

JBS Hits Financing Hurdles Pursuing Sara Lee

Posted: 26 Jan 2011 03:30 PM PST

Brazilian beef processor JBS has yet to submit a sweetened offer for Sara Lee, and may only be able to bid between $19 to $20 per share as it struggles to raise more financing.

United Fed Stands Pat

Posted: 26 Jan 2011 04:06 PM PST

Fed officials were united in deciding to continue buying government bonds to boost the recovery, even as they acknowledged that the U.S. economy looks in better shape.