"Wallstreet" Reader

"Wallstreet" Reader

Jobs Needing State Approval Rise

Posted: 06 Feb 2011 07:32 PM PST

Cat groomers, tattoo artists, tree trimmers and about a dozen other specialists are clamoring for more rules governing small businesses, even as lawmakers across the country are vowing to cut regulations that crimp economic growth.

France's Lagarde Says Euro Is Victim

Posted: 06 Feb 2011 06:54 PM PST

French Finance Minister Christine Lagarde said global foreign-exchange imbalances must be tackled, as the euro is the victim of a weak U.S. dollar and Chinese yuan.

Governors Determined to Cut as Deficits Loom

Posted: 06 Feb 2011 05:53 PM PST

Governors around the U.S. are proposing to balance their states' budgets with a long list of cuts and almost no new taxes, underscoring the aim of politicians from both parties to erase deficits by shrinking government.

Risky Assets Still Lurk at Banks

Posted: 06 Feb 2011 07:43 PM PST

With the banking recovery well under way, accounting experts think that major U.S. banks should no longer delay a reckoning and should count "unrealized losses" against earnings.

Asia Climbs on M&A, Yen

Posted: 06 Feb 2011 05:46 PM PST

Asian markets were mostly higher, with mergers and acquisition activity and a weaker yen pushing the Nikkei up 0.6%.

GM Makes Hybrid Push

Posted: 06 Feb 2011 05:45 PM PST

GM is planning to make a type of gasoline-electric hybrid technology standard across its future models, in a bid to improve fuel economy and hit rising new miles-per-gallon targets.

Nasdaq Confirms a Breach in Network

Posted: 06 Feb 2011 07:45 PM PST

Nasdaq OMX Group confirmed its computer network had been broken into, specifically its Directors Desk service that lets leaders of companies including board members share confidential documents. A motive remains unclear.

No Rush to Hire Even as Profits Soar

Posted: 06 Feb 2011 07:10 PM PST

Corporate profits are humming, dividend increases are up sharply, the Dow Jones Industrial Average is back above 12000. It makes the lack of job growth the missing link as the U.S. economy mounts a rebound.

Rural Phone Subsidies Due for an Overhaul

Posted: 06 Feb 2011 05:22 PM PST

Federal regulators plan to launch this week a new effort to overhaul an $8 billion subsidy program to fund new broadband lines in rural America instead of phone service.

China Builds Reserves of Rare-Earth Metals

Posted: 06 Feb 2011 03:58 PM PST

China is building strategic reserves in rare-earth metals, an effort that could give Beijing increased power to influence global prices and supplies in a sector it already dominates.

Found at Last: Tape of First Super Bowl

Posted: 06 Feb 2011 02:02 PM PST

No recording of the 1967 Packers-Chiefs game had ever been found—until this one emerged from a Pennsylvania attic.

Tough Play: Avoiding Super Bowl News

Posted: 05 Feb 2011 05:55 PM PST

Many Americans who can't watch the Super Bowl are planning to record the game on their digital video recorder. But avoiding news before they get to watch will take some fancy dancing.

Nokia CEO Considers Big Shake-Up

Posted: 06 Feb 2011 04:11 PM PST

Several senior Nokia officials serving on the company's group executive board are expected to leave soon as part of a major shake-up being considered by the Finnish phone giant's new chief executive.

Bond Market Flashes Inflation Alert

Posted: 06 Feb 2011 07:33 PM PST

The U.S. bond market has begun sending a message that inflation risks are rising and the Federal Reserve may be too slow to act, potentially marking a significant turning point in the economic recovery.

Sanofi, Genzyme Deal Nears

Posted: 06 Feb 2011 04:05 PM PST

Sanofi is taking longer than expected on due diligence for its proposed acquisition of Genzyme, but the companies are confident they can seal a deal this week.

Dollar May Tap Safe-Haven Bid From Egypt Upheaval

Posted: 06 Feb 2011 04:29 PM PST

Uncertainty about the outcome of Egypt's crisis may again loom large in currency markets this week, buffeting the euro and bolstering the dollar.

Nasdaq Trade to Continue as Normal

Posted: 06 Feb 2011 06:20 AM PST

Exchanges and traders said they will continue normal business with Nasdaq OMX Group at Monday's market open despite revelations that computer systems at the trans-Atlantic exchange operator had been hacked.

Korea Investigates Market Fall

Posted: 06 Feb 2011 06:41 AM PST

South Korea's financial regulator is investigating whether a sharp fall in the Seoul stock market's benchmark index on Nov. 11 was due to manipulation or other unfair transactions.

Iraq PM Won't Seek Third Term

Posted: 05 Feb 2011 06:34 PM PST

Iraqi Prime Minister Nouri al-Maliki will not run for a third term in 2014, limiting himself in the name of democracy while keeping an eye on anger at governments across the Middle East.