"Wallstreet" Reader

"Wallstreet" Reader

CME, Deutsche Börse Explored Tie-Up

Posted: 18 Feb 2011 05:07 PM PST

CME Group and Deutsche Börse discussed merging in late 2007 but the exchange giants couldn't agree on a price. Speculation is swirling that CME may try to break up the German company's $10 billion acquisition of NYSE Euronext.

Banks Try Fees for Once-Free Services

Posted: 18 Feb 2011 04:45 PM PST

The nation's largest banks are testing how much their customers are willing to pay for checking-account services that used to be free.

As Obama Visits, Intel Touts New Plant

Posted: 18 Feb 2011 06:26 PM PST

Intel unveiled plans to build a $5 billion chip factory in Arizona and hire 4,000 additional workers, during a visit by President Obama.

United Western Sues Regulators Over Its Seizure

Posted: 18 Feb 2011 02:52 PM PST

United Western Bancorp, one of almost 350 banks to have failed since the financial crisis erupted, is suing its regulator, saying it could have survived. The Office of Thrift Supervision defended its seizure.

HCA's IPO Target: Up to $30 a Share

Posted: 18 Feb 2011 07:44 PM PST

Hospital operator HCA Holdings is hoping to sell 160 million shares at $27 to $30 apiece in its IPO early next month.

For Some, Currency Hedging Is No Gain

Posted: 18 Feb 2011 06:22 PM PST

After a big uptick in the use of currency hedging in recent years, more companies are re-examining the cost and necessity of using forward contracts and exchange-rate options.

BATS Seals Chi-X Deal

Posted: 18 Feb 2011 07:11 PM PST

A top BATS official said the new exchange is interested in possibly launching a derivatives-trading platform.

Rabbi Sentenced in SAC Extortion Attempt

Posted: 18 Feb 2011 11:45 AM PST

A Brooklyn, N.Y., rabbi was sentenced to four years in prison for trying to shake down hedge-fund firm SAC Capital Advisors and its founder, Stephen A. Cohen, for $4 million.

Wells Fargo to Refund Veterans

Posted: 18 Feb 2011 11:37 AM PST

Wells Fargo agreed to refund up to $10 million in fees to eligible military veterans who refinanced their mortgages with the bank. Eligible veterans who apply would receive $175 each.

Deaths Reported in Yemen Protests

Posted: 18 Feb 2011 12:01 PM PST

One protester died in a grenade attack in the central square of Taiz, and at least three more protesters died in Aden, while supporters and opponents of the government clashed for an eighth day.

Rating Firms Again Disagree on RMBS Deal

Posted: 18 Feb 2011 03:14 PM PST

An unusual public squabble among three credit-rating firms has erupted over a residential mortgage-backed security from Redwood Trust's RWT Holdings.

J&J Recalls Auto-Injection Products

Posted: 18 Feb 2011 10:59 AM PST

J&J recalled at least 395 injection devices containing rheumatoid-arthritis drug Simponi in the U.S. and Germany, due to a potential defect that could result in an insufficient dose.

Wisconsin Senate Fails to Vote on Union Law

Posted: 18 Feb 2011 11:50 AM PST

The Wisconsin Senate failed to muster enough members to vote, holding up legislation that would strip state workers of most collective-bargaining rights.

Finra Enforcement Director to Exit

Posted: 18 Feb 2011 09:59 AM PST

James Shorris, a Financial Industry Regulatory Authority enforcement executive, is stepping down after seven years with the group and one of its predecessors.

Silver Climbs Near 31-Year High

Posted: 18 Feb 2011 07:29 PM PST

The gray metal settled at $32.2980 a troy ounce, its strongest close since March 1980.

Obama Talked R&D With Tech Chiefs

Posted: 18 Feb 2011 03:46 PM PST

Research spending and technology exports were some of the menu items Thursday evening when President Obama sat down for dinner with Apple's Steve Jobs, Facebook's Mark Zuckerberg and other corporate chieftains.

House GOP Pushes to Derail Health Law

Posted: 18 Feb 2011 08:37 AM PST

House Republicans pushed to derail the health-care overhaul, preparing to bar the federal government from spending money on the plan. A day earlier, the DOJ asked a Florida judge to clarify his ruling that found the law unconstitutional.

'Flash Crash' Responses Proposed

Posted: 18 Feb 2011 06:00 PM PST

A joint-advisory committee investigating the May 6 "flash crash" proposed a series of regulatory responses aimed at preventing a repeat of the market meltdown.

Ford to Begin Russian Venture

Posted: 18 Feb 2011 06:31 PM PST

Ford said it will join Russian auto maker Sollers to make and distribute Ford passenger and light-commercial vehicles in the country.

Bahrain Security Forces Fire on Protesters

Posted: 18 Feb 2011 11:45 AM PST

Bahraini protesters said security services opened fire on demonstrators as they marched toward the capital's Pearl roundabout, dramatically escalating the standoff between the country's Sunni Muslim rulers and its Shiite majority population.