"Wallstreet" Reader

"Wallstreet" Reader

Gulf Oil Rig Operator to Sell Assets to Rival

Posted: 11 Feb 2011 05:46 PM PST

Seahawk Drilling, one of the largest operators of shallow-water rigs in the Gulf of Mexico, said it would seek bankruptcy protection and sell its assets to a competitor, blaming the Obama administration for a crippling regulatory environment in the aftermath of the BP oil spill.

Technology Poses Big Test for Regimes

Posted: 11 Feb 2011 05:48 PM PST

Social media, most notably Facebook and Twitter, have featured prominently in recent years as tools of the opposition in insurrections against entrenched regimes.

Pivotal Time for U.S.'s Mideast Interests

Posted: 11 Feb 2011 05:27 PM PST

America's future standing in the Middle East depends heavily on whether Washington's other friends are more adroit than Mubarak at addressing the aspirations of an Internet-savvy generation.

'Our Revolution Is Complete'

Posted: 11 Feb 2011 05:26 PM PST

Celebrations swept Cairo following the news of President Mubarak's exit after 18 days of demonstrations. Soldiers wept and protesters recalled turning points.

Boards of NYSE, Deutsche Börse Set to Meet

Posted: 11 Feb 2011 05:36 PM PST

The boards of NYSE Euronext and Deutsche Börse are meeting early this coming week to sign off on the two companies' trans-Atlantic deal.

New Regulator Looks East

Posted: 11 Feb 2011 06:44 PM PST

James Doty, chairman of the Public Company Accounting Oversight Board, sees encouraging signs that China will ultimately allow the agency to inspect Chinese firms that audit U.S.-traded companies.

Irish Bailout Hits Snags

Posted: 11 Feb 2011 05:49 PM PST

The party expected to take power in Ireland's elections this month is maneuvering to renegotiate its terms, but talks with its primary funder, the European Union, will be delicate.

Ex-IndyMac Officers Charged by SEC

Posted: 11 Feb 2011 04:49 PM PST

The Securities and Exchange Commission charged three former executives at IndyMac Bancorp with securities fraud for allegedly misleading investors about the mortgage lender's deteriorating financial conditions in 2007 and 2008.

Neighbors Rattled by Egypt Shift

Posted: 11 Feb 2011 04:51 PM PST

Mubarak's resignation rattled regional allies and foes alike, threatening a decadeslong balance of power in the Mideast.

Icahn Bags Over 9% of Clorox

Posted: 11 Feb 2011 05:02 PM PST

Billionaire investor Carl Icahn disclosed a 9.08% stake in Clorox and said he may seek discussions with the household-products maker's management.

Obama: 'Today Belongs to the People of Egypt'

Posted: 11 Feb 2011 02:15 PM PST

Obama said the departure of Hosni Mubarak as Egypt's president marks the beginning of a new chapter in the country, one that he thinks will be difficult but more democratic.

U.S. Takes China to Task Over Cards

Posted: 11 Feb 2011 07:11 PM PST

The U.S. will go ahead with a complaint against China over restrictions on foreign payment-card firms like Visa and American Express and will challenge China's antidumping duties on U.S. steel.

Chapter 11 for Borders, New Chapter for Books

Posted: 11 Feb 2011 06:24 PM PST

Bookseller Borders Group is in the final stages of preparing a bankruptcy-court protection filing after failing to win support from publishers and others to refinance debt.

Google Tiptoes Around Cairo's Hero

Posted: 11 Feb 2011 10:46 AM PST

The world marveled at the story of Google manager and Egyptian protest leader Wael Ghonim this week, but officials at other U.S. companies were probably relieved he didn't work for them.

Diplomatic Setback for Saudis

Posted: 11 Feb 2011 01:52 PM PST

For Saudi Arabia, the departure of Mubarak represents a big diplomatic setback that could complicate its foreign policy across the Middle East, with repercussions stretching from Iraq to the Israeli-Palestinian conflict.

Level Global Closing Amid Insider Inquiry

Posted: 11 Feb 2011 07:21 PM PST

A large hedge fund run by a New York socialite told investors it was closing down amid a sweeping government investigation of insider trading that has begun to focus on hedge funds.

BATS, Chi-X Europe Extend Talks

Posted: 11 Feb 2011 09:16 AM PST

Pan-European trading platform Chi-X Europe and Kansas City-based BATS Global Markets agreed to extend exclusive negotiations regarding the potential sale of Chi-X to BATS.

Mubarak Ends 30-Year Reign

Posted: 11 Feb 2011 12:48 PM PST

Mubarak's resignation ends a reign of nearly three decades atop the Arab world's most populous country and could come to stand as the high-water mark in the wave of Arab discontent now rolling across the Middle East.

Fall of Mubarak Shakes Middle East

Posted: 11 Feb 2011 07:37 PM PST

Egyptian President Hosni Mubarak stepped down after 18 days of unrelenting protests, handing power to the military and opening the door to an uncertain new course for the Arab world's most populous country, and for the entire Middle East.

Germany's Central Bank Chief Resigns

Posted: 11 Feb 2011 07:00 PM PST

Deutsche Bundesbank President Axel Weber, until recently the most likely man to take over the European Central Bank from Jean-Claude Trichet, is to step down from his duties April 30, the German government said.