"Wallstreet" Reader

"Wallstreet" Reader

Chinese Bank Takes Aim at Germany

Posted: 28 Jan 2011 05:47 PM PST

China Development Bank is among the finalists to buy a large stake in Germany's WestLB, a development that underscores Chinese banks' appetite for Western expansion.

Alpha Nears Pact to Buy Massey

Posted: 28 Jan 2011 06:21 PM PST

Alpha Natural Resources is close to an agreement to Acquire Massey Energy for about $7 billion.

A March to Seize the Heart of Cairo

Posted: 28 Jan 2011 05:50 PM PST

Persistent Egyptian activists, some of them veteran protesters, take a central square in their drive for regime change.

Google, U.S. Discuss ITA

Posted: 28 Jan 2011 04:09 PM PST

Google is holding talks with the Justice Department to head off an antitrust challenge to its $700 million deal to buy fly-data firm ITA Software.

Dow Declines 166 on Egypt Unrest

Posted: 28 Jan 2011 06:01 PM PST

Turmoil in Egypt pushed the Dow Jones Industrial Average down 166.13 points and ruined a chance for nine straight weeks of gains. Oil, gold and Treasurys all drew investors looking for a haven.

Chinese Take a Cotton to Hoarding

Posted: 28 Jan 2011 04:22 PM PST

Chinese farmers, ginners and merchants apparently are hoarding cotton in the hopes of holding out for higher prices, as the commodity has reached 140-year highs.

Goldman Boosts Pay of Partners

Posted: 28 Jan 2011 04:45 PM PST

The move is the latest sign of how Wall Street's pay culture is shifting away from bonuses criticized for fueling risk-taking that contributed to the financial crisis.

U.S. Threatens to Cut Off Aid

Posted: 28 Jan 2011 03:15 PM PST

The Obama administration threatened to cut off its $1.5 billion in annual aid to Egypt if security forces continue to use violence to crush antigovernment protests sweeping the country, White House Press Secretary Robert Gibbs said.

Fannie, Freddie Recouped $20.9 Billion From Banks

Posted: 28 Jan 2011 07:14 PM PST

Fannie Mae and Freddie Mac received $20.9 billion from U.S. banks over about three years to satisfy demands to buy back shoddy mortgages.

Google Reaches Deal With Connecticut in Data Probe

Posted: 28 Jan 2011 03:09 PM PST

Connecticut's attorney general said Google won't have to hand over user data it collected from unsecured wireless networks as part of his office's probe of the Internet giant's privacy snafu.

Nissan Tops Honda in Sales

Posted: 28 Jan 2011 12:57 PM PST

Nissan Motor shot past rival Honda Motor in global sales for the first time in decades to become Japan's second-largest auto maker.

Citi Revamps TMT, Energy Groups

Posted: 28 Jan 2011 05:39 PM PST

Citigroup named Mark Shafir, global head of M&A, as co-head of the bank's global technology, media and telecommunications group. The bank also reorganized personnel at its energy group.

Massey Rejects U.S. Findings in Mine Explosion

Posted: 28 Jan 2011 03:16 PM PST

Massey Energy disputed each of the points federal safety officials made earlier this month about the likely causes of the explosion at a company mine that killed 29 workers last April.

Doha Talks Are on Brink, Report Warns

Posted: 28 Jan 2011 11:14 AM PST

The Doha round of global trade talks will perish if not completed this year, warns a new report coauthored by Peter Sutherland, the first-ever director of the World Trade Organization.

Japan Eyes Overseas Projects

Posted: 28 Jan 2011 06:49 PM PST

Japan said it will earmark $3.9 billion for strategic investments overseas through a government-affiliated financing body, in the latest sign that the government is moving to actively deploy its massive stockpile of foreign-currency reserves outside the country.

KKR Sweetens Terms for New Mega Fund

Posted: 28 Jan 2011 04:57 PM PST

KKR & Co. is offering sweeteners to investors in the hope that it can rake in between $8 billion to $10 billion for its latest mega buyout fund.

Communications Severed in Egypt

Posted: 28 Jan 2011 09:45 AM PST

The crackdown on protesters intensified with most forms of communication, including the Internet, mobile and SMS, shut down.

Economy Picks Up Steam

Posted: 28 Jan 2011 06:08 PM PST

U.S. economic output finally regained the level reached before the recession, as growth sped up on stronger consumer spending and exports.

BankUnited IPO Rises

Posted: 28 Jan 2011 04:53 PM PST

BankUnited, one of the biggest banks to fail during the financial crisis, capped its return to life with a surge in the stock's first day of trading. Three other IPOs also made their debuts.

U.S. Investigates Violations of Military Loan Protections

Posted: 28 Jan 2011 02:39 PM PST

The U.S. Attorney General has "several" ongoing investigations into violations of a law meant to protect active-duty members of the military from high interest rates and foreclosures.