"Wallstreet" Reader

Nestlé's Profit Triples
BNP Paribas Profit Hit By Charges
UK Life Business Sale Hits AXA Profit
Korea Pension Fund Targets Alternative Assets
Property Developers Weigh on Shanghai
SEC Urged to Revise 'Whistleblower' Plan
Hawaiian Drafts More Asia Flight Plans
Outlook for Food Prices: High
Big Banks Face Fines On Role of Servicers
NYSE Deal Carries $339 Million Breakup Fee
South Africa Gold Miners Dig Deeper
China Allows Yuan Forex Options
Galleon Prosecutors May Play Wiretaps at Trial
High Price to Break Up NYSE-Deutsche Börse Deal
NTSB Wants Boeing 737 Changes
Fed Officials Upgrade Outlook
Harrisburg Faces Cash Crunch in March
Justice Department Urges Stiffer Penalties for Insider Trading
Borders Begins a New Chapter...11
Robust Sales Drive Daimler to Profit

Posted: 17 Feb 2011 12:12 AM PST

Nestlé said its net profit in 2010 tripled from the year before, helped by the sale of its eyecare business and increased sales in emerging markets and at its nutrition division.

BNP Paribas Profit Hit By Charges

Posted: 16 Feb 2011 10:41 PM PST

BNP Paribas' fourth-quarter net profit missed expectations as several charges dragged on otherwise strong retail operations and resilient investment banking, but France's largest bank by market capitalization said it will be able to extract more synergies from the integration of Belgium's Fortis.

UK Life Business Sale Hits AXA Profit

Posted: 16 Feb 2011 11:20 PM PST

French insurer AXA posted a 24% decline in full-year net profit, reflecting the partial sale of its U.K. life business last year. But the company said an improving economic outlook should benefit its business in 2011.

Korea Pension Fund Targets Alternative Assets

Posted: 16 Feb 2011 11:46 PM PST

The chief of South Korea's national pension fund is pushing to increase its investment in so-called alternative assets. The fund plans to invest a total of $10 billion overseas this year, including in the U.S.

Property Developers Weigh on Shanghai

Posted: 16 Feb 2011 11:49 PM PST

Asian markets were mixed as property developers dragged on China and Hong Kong, while Qantas advanced in Sydney. The Nikkei was up 0.4%.

SEC Urged to Revise 'Whistleblower' Plan

Posted: 16 Feb 2011 05:18 PM PST

Big companies are urging the SEC to revise rules for awarding bounties to workers under the agency's proposed "whistleblower" program.

Hawaiian Drafts More Asia Flight Plans

Posted: 16 Feb 2011 08:36 PM PST

Hawaiian Airlines, facing growing competition ferrying passengers to and from the U.S. mainland, is seeking new growth by spreading its wings to Asia.

Outlook for Food Prices: High

Posted: 16 Feb 2011 08:00 PM PST

The seeds of a sustained increase in food prices are about to be sown in Mississippi, Nebraska and other farm-belt states across the U.S.

Big Banks Face Fines On Role of Servicers

Posted: 16 Feb 2011 08:30 PM PST

More than a dozen major financial institutions are facing sanctions over problems with internal controls and staffing levels at mortgage servicers.

NYSE Deal Carries $339 Million Breakup Fee

Posted: 16 Feb 2011 03:32 PM PST

The tie-up agreement between NYSE Euronext and Deutsche Börse would cost a rival bidder about $339 million to break up the deal. One analyst said the intent is "to make sure it's too expensive for anybody else to step in."

South Africa Gold Miners Dig Deeper

Posted: 16 Feb 2011 04:38 PM PST

With few new gold strikes around the world that can be turned into profitable mines, South Africa's gold miners are planning to dig deeper than ever before to get access to rich veins.

China Allows Yuan Forex Options

Posted: 16 Feb 2011 06:16 PM PST

China said it will allow yuan foreign-exchange options to be traded domestically starting in April, a long-awaited move that is part of Beijing's push to build a more sophisticated currency regime.

Galleon Prosecutors May Play Wiretaps at Trial

Posted: 16 Feb 2011 09:28 PM PST

Federal prosecutors could seek to play more than 170 secretly recorded conversations as part of their insider-trading case against Galleon Group founder Raj Rajaratnam.

High Price to Break Up NYSE-Deutsche Börse Deal

Posted: 16 Feb 2011 04:43 PM PST

The tie-up agreement between NYSE Euronext and Deutsche Börse AG would cost a rival bidder $337 million to break up, according to documents filed with regulators Wednesday.

NTSB Wants Boeing 737 Changes

Posted: 16 Feb 2011 11:32 AM PST

U.S. air-crash investigators have urged design changes affecting 1,500 older Boeing 737 jets amid reports of hazardous jams of flight-control systems.

Fed Officials Upgrade Outlook

Posted: 16 Feb 2011 09:30 PM PST

Fed officials were slightly more optimistic about the U.S. economic outlook, but not enough to call an early end to their bond-buying program, minutes from the January meeting showed.

Harrisburg Faces Cash Crunch in March

Posted: 16 Feb 2011 06:02 PM PST

Spending in Pennsylvania's capital will outpace revenue as early as March, just as the city faces $5.325 million in general-obligation debt payments, according to a consultant hired by state officials.

Justice Department Urges Stiffer Penalties for Insider Trading

Posted: 16 Feb 2011 02:42 PM PST

The Justice Department called for stiffer punishment for insider-trading suspects, saying the complexity of new schemes like the recent cases of alleged wrongdoing at "expert networking" firms show a need for longer prison sentences.