"Wallstreet" Reader

"Wallstreet" Reader

Asia Markets Mixed; Egypt on Radar

Posted: 10 Feb 2011 08:18 PM PST

Stock markets in Asia were mixed with investors trading cautiously as tensions remained high in Egypt. Australia's benchmark index was down 0.4%.

Kinder Morgan Prices IPO at $30 a Share, Above Range

Posted: 10 Feb 2011 08:32 PM PST

Energy company Kinder Morgan priced its initial public offering at $30 a share Thursday night, above the expected $26-to-$29 price range. The 95.5 million shares sold make it the largest private-equity-backed IPO ever in the U.S.

Google Closes In on Next New Networks

Posted: 10 Feb 2011 05:32 PM PST

Google is in final-stage discussions to acquire online video site Next New Networks, people familiar with the matter said.

Markets See Few Roadblocks to Exchange Merger

Posted: 10 Feb 2011 07:38 PM PST

Traders and investors expressed few worries about the potential acquisition of NYSE Euronext by Deutsche Börse despite the combined company's huge clout.

Cisco's Consumer Head to Depart

Posted: 10 Feb 2011 07:01 PM PST

The head of Cisco Systems' consumer-products business will leave the company, a spokeswoman announced in a company blog post Thursday.

Amazon to Exit Texas

Posted: 10 Feb 2011 04:32 PM PST

Amazon.com Inc. is closing a Dallas-area fulfillment center and canceling a planned expansion of its operations in Texas after the online retailer failed to reach an agreement with the state over taxes.

Huawei Deal in Peril

Posted: 10 Feb 2011 08:24 PM PST

A U.S. government panel is poised to recommend that the president unravel an acquisition made by China's Huawei Technologies, after the Pentagon sought review of the deal.

For U.K. Banks, a Calamity Is Born

Posted: 10 Feb 2011 06:53 PM PST

Regulators are forcing lenders to consider scenarios like a flu pandemic or disruptions to the country's food-supply chain to measure banks' financial health.

Upstarts Spurred Talks of Tie-Up

Posted: 10 Feb 2011 06:52 PM PST

Deutsche Börse, an early entrant into electronic trading and new markets, got into tie-up talks with NYSE Euronext last year as competitive pressure from even faster electronic upstarts increasingly threatened its dominance.

Investors Warm to Big Deals

Posted: 10 Feb 2011 07:12 PM PST

In this year's early wave of big corporate takeovers, even the shares of acquiring companies have gotten a boost.

EBay Revs Up PayPal Engine

Posted: 10 Feb 2011 04:19 PM PST

EBay executives unveiled a new three-year plan, projecting that the Internet company's revenue would rise at least 41% over the next two years.

Murdoch Buys 1.2 Million News Corp. Shares

Posted: 10 Feb 2011 03:00 PM PST

News Corp. Chief Executive Rupert Murdoch acquired nearly $20.2 million worth of nonvoting stock in his media empire, marking his largest acquisition of company stock in years.

Apple's Jobs Calls Shots From Home

Posted: 10 Feb 2011 04:15 PM PST

Three weeks into his medical leave, Apple CEO Steve Jobs is staying closely involved in the company's strategic decisions and product development.

Ford to Shave $3 Billion in Debt

Posted: 10 Feb 2011 05:00 PM PST

Ford Motor said it would take a $60 million charge to earnings in the first quarter to redeem $3 billion in debt in a bid to regain an investment grade rating.

Bundesbank Head's Move Angers Merkel

Posted: 10 Feb 2011 06:30 PM PST

German Chancellor Angela Merkel, angered over Axel Weber's surprise decision not to pursue the presidency of the European Central Bank, is expected to press the Bundesbank head to resign.

Blockbuster Heads Toward Sales Block

Posted: 10 Feb 2011 05:04 PM PST

Blockbuster intends to seek buyers after creditors disagreed on plans to give the movie-rental chain more cash to help it exit bankruptcy court.

Rise in Rates Is Headwind for Housing

Posted: 10 Feb 2011 05:09 PM PST

U.S. 30-year mortgage rates have jumped above 5% for the first time since last spring, in a rapid rise that could present a challenge to the still-troubled housing market.

Exchange Deals May Trim Trading Fees

Posted: 10 Feb 2011 03:34 PM PST

The wave of exchange mergers that has surged forth this week could make trading cheaper, thanks to potential cost-cutting in the lucrative fields of technology and market data.

Asia Boosts PMI Profit

Posted: 10 Feb 2011 09:19 AM PST

Philip Morris International profit increased 15% on strong sales overseas of Marlboro cigarettes and demand in Asian markets.

Blackstone IPO Suit Is Reinstated

Posted: 10 Feb 2011 12:06 PM PST

A 2008 shareholder lawsuit against Blackstone Group and its chief executive, Stephen A. Schwarzman, over alleged omissions and misstatements in its IPO documents three years ago has been reinstated.