"Wallstreet" Reader

"Wallstreet" Reader

Bidders Emerge for Nortel Patents

Posted: 02 Feb 2011 06:52 PM PST

Nortel Networks expects to select an initial bidder for a massive portfolio of patents within three weeks, drawing from a pool of at least five potential buyers including Apple and Google.

SNY May Be Part of Mets Deal

Posted: 02 Feb 2011 06:26 PM PST

The team would consider selling part of the network if needed to lure a minority partner.

States Widen Currency-Trade Probes

Posted: 02 Feb 2011 06:39 PM PST

State prosecutors are getting help from an organized group of whistle-blowers in investigating whether banks overcharged public pension funds by tens of millions of dollars for foreign-exchange transactions.

Asian Shares Mixed; Insurers Rise in Sydney

Posted: 02 Feb 2011 07:24 PM PST

Asian shares were mixed Thursday after sluggish leads from Wall Street and renewed violence in Egypt stymied demand, but insurance shares in Sydney rose as a cyclone caused less damage than feared. The Nikkei was off 0.1%.

Microsoft Fires Back at Google

Posted: 02 Feb 2011 05:40 PM PST

One of Microsoft's top Internet executives called allegations by Google that Microsoft copies its rival's Internet search results "insulting," as the two companies amped up their verbal jousting.

News Corp. Unveils The Daily

Posted: 02 Feb 2011 07:13 PM PST

News Corp. launched The Daily, a digital newspaper specifically designed for the iPad and other tablet computers.

Apple Tightens Reins

Posted: 02 Feb 2011 07:15 PM PST

Apple is working to funnel more electronic sales of magazines, newspapers and other content through its iTunes store, an effort that is making some publishers uneasy.

How Boutiques Are Battling the 'Bulge'

Posted: 02 Feb 2011 04:59 PM PST

As "bulge-bracket" investment banks try to regain the footing lost during the financial crisis, Wall Street's smaller advisory firms are taking advantage.

Panel Floats Idea of U.S. 'Century' Bonds

Posted: 02 Feb 2011 04:47 PM PST

Wall Street is pushing the U.S. government to lock in low interest rates for the next few decades by issuing ultralong bonds of as much as 100 years.

Promoter Crowds Ticketmaster

Posted: 02 Feb 2011 06:52 PM PST

One of the nation's biggest concert and sports promoters said it is joining forces with a start-up technology company to sell tickets to events at 105 arenas and theaters, in what could become a broader battle with Live Nation Entertainment's Ticketmaster.

Companies Stock Up as Commodities Prices Rise

Posted: 02 Feb 2011 07:31 PM PST

Companies contending with rising commodity prices are stockpiling rubber tires, cotton clothing and other goods, a maneuver that is aimed at insulating them from inflation but also could contribute to it.

Visa's Profit Gains 16% as Consumers Spend More

Posted: 02 Feb 2011 02:29 PM PST

Visa's fiscal first-quarter earnings rose 16% to top analyst expectations as consumers spent more and the number of transactions processed grew.

Facebook Sees Egypt Usage Spike

Posted: 02 Feb 2011 01:27 PM PST

Since Internet access was restored in Egypt on Wednesday, Facebook has seen its highest number of active users ever from Egypt, Facebook said.

News Corp. Profit Jumps

Posted: 02 Feb 2011 05:15 PM PST

News Corp. reported a sharp increase in its fiscal second-quarter profit on lower one-time charges and strong gains in advertising at its cable networks and broadcast stations.

Chimay Pleads Guilty in Fraud Scheme

Posted: 02 Feb 2011 01:11 PM PST

A former New York money manager who claimed he managed $200 million for his royal relatives in Belgium pleaded guilty to grand larceny and other criminal charges in a fraud scheme.

Fifth Third Closes In on TARP Exit

Posted: 02 Feb 2011 02:11 PM PST

Fifth Third Bancorp, one of the largest banks that still holds government bailout funds, said it repurchased the $3.4 billion in preferred stock the Treasury Department held, bringing it close to exiting from the program.

Google Opens Web Store for Android Apps

Posted: 02 Feb 2011 03:46 PM PST

Google opened a new Web-based marketplace for applications that run on mobile devices powered by its Android software, one of several moves by the Internet company to keep up with rival Apple.

BMW, PSA Form Venture For Hybrid, Electric Cars

Posted: 02 Feb 2011 11:57 AM PST

BMW and PSA Peugeot Citroen agreed to set up a joint venture to broaden their collaboration on hybrid and electric cars, marking the latest auto industry alliance aimed at cutting the formidable costs of developing fuel-efficient technologies.

Key Moment Looms for Euro

Posted: 02 Feb 2011 07:08 PM PST

European leaders in Brussels on Friday are expected to confirm the broad outline of a strategy for solving the debt crisis, in a move that is seen as a decisive moment for the euro zone.

Ex-Banker Handed Long Sentence for Insider Trading

Posted: 02 Feb 2011 12:09 PM PST

Christian Littlewood, a former Dresdner Kleinwort investment banker, was sentenced to serve three years and four months in prison, the longest prison sentence yet for insider dealing in the U.K.