"Wallstreet" Reader

"Wallstreet" Reader

Protests Fail to Sway Wisconsin Governor

Posted: 19 Feb 2011 07:56 PM PST

Wisconsin Gov. Scott Walker Saturday refused to compromise with Democrats to accept benefits cuts in exchange for retaining their right to bargain collectively.

Nearly 100 Killed in Libyan Crackdown on Unrest

Posted: 19 Feb 2011 05:25 PM PST

Libyan leader Moammar Gadhafi's forces fired on mourners leaving a funeral for protesters in the eastern city of Benghazi, killing at least 15 people and wounding scores more as the regime tried to squelch calls for an end to the ruler's 42-year grip on power.

Geithner Criticizes Spending Cuts

Posted: 19 Feb 2011 10:45 AM PST

U.S. Treasury Secretary Timothy Geithner said Saturday that the package of spending cuts the House of Representatives passed would "undermine and damage our capacity to create jobs and expand the economy."

Groupon Gears Up for Chinese Market

Posted: 19 Feb 2011 09:41 AM PST

Online deals website Groupon appears to be making preparations to launch operations in China, a move that could shake up the market for group buying.

Huawei Ends Bid to Win U.S. Approval for 3Leaf Deal

Posted: 19 Feb 2011 08:53 AM PST

Chinese telecom-gear maker Huawei Technologies rescinded its attempt to win U.S. approval for a deal in which it would buy assets and technology from 3Leaf Systems.

House Votes to Cut $61 Billion in Spending

Posted: 19 Feb 2011 07:42 AM PST

The U.S. House of Representatives early Saturday approved a bill that would make unprecedented federal budget cuts, delivering on Republican campaign promises and setting the stage for a battle with the White House that could bring the government to a halt.

G-20 Deal Reached

Posted: 19 Feb 2011 02:32 PM PST

Negotiators from the world's leading economies haggled all night over seemingly technical details regarding how to measure global economic imbalances. They eventually produced a 53-word sentence intended to appease all sides—and open to interpretation by all sides.

Bahraini Protesters Retake Public Square

Posted: 19 Feb 2011 04:36 PM PST

Thousands of protesters converged on Pearl roundabout midday Saturday, retaking the public square that's been the site of two bloody confrontations between police and demonstrators earlier this week.

Feds End Criminal Inquiry on Mozilo

Posted: 18 Feb 2011 07:39 PM PST

Federal prosecutors have decided to close their criminal investigation into former Countrywide Financial Corp. chief executive Angelo Mozilo without filing charges, according to people familiar with the matter.