"Wallstreet" Reader

"Wallstreet" Reader

Pepsi Hits 'Refresh' on Donor Project

Posted: 30 Jan 2011 07:07 PM PST

PepsiCo is revamping an online charitable giving program created to boost its corporate image and sales of its flagship cola but marred by complaints of vote-rigging and other irregularities.

Google Recruits for Mobile Apps

Posted: 30 Jan 2011 07:35 PM PST

Google plans to hire dozens of software developers to create applications for smartphones and other mobile devices, a new strategy aimed partly at helping Google counter Apple in one of high tech's hottest sectors.

Inflation Shuffles Banks' Influence

Posted: 30 Jan 2011 03:48 PM PST

As inflation builds in places like China and Brazil, and the risk rises that these countries' central banks are behind the curve in that fight, it is the Federal Reserve, the European Central Bank and others that are grappling with the aftershocks.

Alpha Reaches Deal to Buy Massey

Posted: 30 Jan 2011 06:02 PM PST

Alpha Natural Resources reached a deal to buy rival coal company Massey Energy for $7.1 billion in cash and stock.

Home Prices Sink Further

Posted: 30 Jan 2011 06:16 PM PST

The Wall Street Journal's latest quarterly survey of housing-market conditions found that prices declined in all of the 28 major metropolitan areas tracked during the fourth quarter when compared to a year earlier.

Europe Summit to Focus on Funds

Posted: 30 Jan 2011 05:38 PM PST

European leaders could announce broad outlines of a new deal to boost the euro zone's bailout funds at a summit, paving the way for a final agreement when they next meet in March.

Deutsche Bank Bets on Home Market

Posted: 30 Jan 2011 03:57 PM PST

Deutsche Bank survived the financial crisis and now is gambling that banking in Germany can help it generate revenues.

Borders to Delay January Payments

Posted: 30 Jan 2011 07:09 PM PST

Cash-strapped Borders Group said Sunday that it will delay January payments to vendors, landlords and others, as indications grow that the bookstore chain could be headed for bankruptcy court.

Inflation Stalks Emerging Markets

Posted: 30 Jan 2011 07:31 PM PST

Investors in emerging markets face a risky landscape as a result of inflation. The question is whether central banks and governments are doing enough to stamp out inflation fires fueled by rising commodity prices and domestic economies operating at full tilt.

U.S. Corporate Profits Surge

Posted: 30 Jan 2011 07:44 PM PST

With about 50% of companies reporting, fourth-quarter profits for the biggest U.S. corporations ended 2010 up sharply from a year ago, pointing to one of the best full-year gains since 1998.

Turmoil Rattles Mideast Markets

Posted: 30 Jan 2011 09:39 AM PST

Investors nervous about instability gripping Egypt drove Middle Eastern stocks down sharply Sunday as markets reopened following a weekend of violent protests. Losses were led by a drop of more than 4% in regional business hub Dubai.

Moinian, Related Cos. Settle Fight Over Office Tower

Posted: 30 Jan 2011 09:44 AM PST

Landlord Joseph Moinian reached a deal to block a takeover attempt of his 3 Columbus Circle Manhattan office tower by mogul Stephen Ross, chairman of Related Cos.

Talks Fail to Settle Ho Family Feud

Posted: 30 Jan 2011 06:40 PM PST

The battle for control of Stanley Ho's Macau casino fortune took another turn with conflicting statements about the billionaire's wishes, raising questions over Ho's real intentions and mental status.