"Wallstreet" Reader

"Wallstreet" Reader

Samsung Profit Rises

Posted: 27 Jan 2011 07:28 PM PST

Samsung Electronics reported fourth-quarter net profit of 3.42 trillion won, or $3.06 billion, a 12.5% increase from the year-ago period but the most difficult three months of a record-setting year for the company.

Report Details Wall Street Crisis

Posted: 27 Jan 2011 07:33 PM PST

Twelve of the 13 largest U.S. financial institutions "were at risk of failure" at the depth of the 2008 financial crisis, while at least 50 hedge funds tried to capitalize on it, according to a report released Thursday.

Verizon Buys Terremark

Posted: 27 Jan 2011 06:14 PM PST

Verizon will pay $1.4 billion to acquire Terremark, an operator of data centers, in a move aimed at selling more computing services to business customers.

Gray Areas in Jobs After an SEC Ban

Posted: 27 Jan 2011 05:57 PM PST

The question of whether a comeback by someone booted out of the securities industry or barred from being an officer or director of a public company crosses the line is renewed by Jason Galanis's job at a Gerova unit.

Restrictions on Biotech Alfalfa Crop Shelved

Posted: 27 Jan 2011 03:48 PM PST

The Obama administration abandoned a proposal to restrict planting of genetically engineered alfalfa, the latest rule-making proposal shelved as part of the administration's review of "burdensome" regulation.

Retailers' Video, Music Services Spin Wheels

Posted: 27 Jan 2011 06:16 PM PST

Big retail chains keep trying to sell or rent music and movies online as sales of CDs and DVDs decline, but these ventures have done little to dent the market share of industry leaders Netflix, Apple and Amazon.com.

Emanuel Can Stay on Chicago Mayor Ballot

Posted: 27 Jan 2011 03:37 PM PST

The Illinois Supreme Court ruled 7-0 that former Obama administration official Rahm Emanuel can run for Chicago mayor. The unanimous decision ends a three-month roller-coaster campaign to force the former White House chief of staff off the ballot.

LinkedIn Files Papers for IPO

Posted: 27 Jan 2011 06:15 PM PST

LinkedIn filed for an IPO, pulling back the curtain on social networking as a business and becoming the first in what's likely to be a string of high-profile IPOs from Internet companies in the coming months.

Borders' Contingency Plan

Posted: 27 Jan 2011 06:14 PM PST

Borders is in negotiations for financing that would keep it afloat during bankruptcy proceedings but is hoping to win needed concessions for a separate credit-line that would keep it out of Chapter 11.

Citigroup Seeks EMI Buyer

Posted: 27 Jan 2011 04:45 PM PST

As music firm's likely default nears, potential bidders step forward.

Chili's Chops Costs

Posted: 27 Jan 2011 04:11 PM PST

To counter rising expenses from health-care and commodities, Chili's Grill and Bar is trying to wring costs out of its operations, from how potatoes are mashed to how tables are cleared.

Crisis Panel: Warnings Weren't Heeded

Posted: 27 Jan 2011 02:37 PM PST

One of the most important findings in a blue-ribbon panel report on the 2008 financial crisis is that more steps could have been taken to help prevent the meltdown, said Financial Crisis Inquiry Commission Chairman Phil Angelides.

Kinect Boosts Microsoft Sales

Posted: 27 Jan 2011 03:23 PM PST

Microsoft's net fell slightly as deferred revenue from last year's quarter masked a nearly 5% jump in revenue amid strong sales of its Kinect videogame device.

Sticker Shock Over Amazon Growth

Posted: 27 Jan 2011 05:08 PM PST

Amazon rang up robust sales in the holiday season, but the Internet company's increased expenses and a lukewarm profit forecast raised concerns about how it is navigating the line between growth and spending. Shares tumbled.

Christie's Sales Jump

Posted: 27 Jan 2011 03:40 PM PST

Art sales through Christie's International increased 53% in 2010 to $5.25 billion, showing new health in the market.

Edward Jones to Sell SunAmerica Annuities Again

Posted: 27 Jan 2011 04:48 PM PST

An American International Group business has regained a coveted spot on the sales list of brokerage Edward Jones for a popular retirement product, following a nearly two-year sales suspension.

Bristol-Myers Profit Falls on Prior-Year Asset Gain

Posted: 27 Jan 2011 01:12 PM PST

Bristol-Myers Squibb said fourth-quarter earnings plunged 94% from a year-earlier period that was inflated by a large gain on a divestiture, while sales rose slightly.

Greenhill's Quarter Disappoints Investors

Posted: 27 Jan 2011 04:52 PM PST

Greenhill & Co. stumbled in its fourth quarter as its swelling ranks of bankers landed an underwhelming amount of advisory business.

Data Reflect Economy's Strain

Posted: 27 Jan 2011 04:20 PM PST

Demand for long-lasting goods unexpectedly fell last month on a sharp drop in aircraft orders, while new jobless claims surged last week amid bad weather.

Prada Will Take IPO to Hong Kong Exchange

Posted: 27 Jan 2011 11:52 AM PST

Italian fashion house Prada SpA said it plans to list its shares in Hong Kong, the company's latest attempt to break a decade-long cycle of ditched stock market listings.