"Wallstreet" Reader |
- Wal-Mart Grapples With Slump
- Asia Down; New Zealand Hit By Quake
- Moody's Lowers Japan's Debt Outlook
- Alibaba.com CEO Resigns
- Dynegy's Officers, Directors to Depart
- KPMG Will Buy EquaTerra
- Bank of America Card Unit Takes $20.3 Billion Regulatory Charge
- U.S. Home Sales Data Doubted
- Blockbuster Receives Bid From Debtholders
- Nursing Banks, a Handshake at a Time
- The Stealth Return of $100 Oil
- Russian Energy Czar Warns BP
- BHP to Buy Chesapeake Shale Assets
- FDIC May Sue WaMu Executives
- Investors Waltz On, Eye Exits
- Luxottica Founder Resigns From Generali Board
- Diageo Confirms Mey Içki Buy
- BMW Unveils 'i' Sub-Brand
- News Corp. Agrees to Buy Shine Group
- Currencies Tread Water
| Posted: 21 Feb 2011 07:33 PM PST Wal-Mart is amid its worst U.S. sales slump ever and is expected to post its second straight year of declining same-store sales. Having veered from the winning formula of "every day low prices," the question now is whether the retailer can get back on track and, if so, how quickly.       |
| Asia Down; New Zealand Hit By Quake Posted: 21 Feb 2011 07:32 PM PST Asian markets were lower, weighed by continued political tensions in the Middle East. New Zealand stocks fell 0.9% after an earthquake hit Christchurch.     |
| Moody's Lowers Japan's Debt Outlook Posted: 21 Feb 2011 07:17 PM PST Moody's changed the outlook on Japan's Aa2 bond rating to negative from stable, citing the difficulties facing the government and dimming prospects to stem the rising debt burden.     |
| Posted: 21 Feb 2011 07:41 PM PST Alibaba.com CEO David Wei resigned after an internal investigation found that more than 2,300 sellers on the e-commerce site were committing fraud, sometimes with the help of Alibaba.com sales staff.     |
| Dynegy's Officers, Directors to Depart Posted: 21 Feb 2011 05:59 PM PST Dynegy's top executives plan to resign and its independent directors won't stand for re-election in the wake of the company's failed efforts to sell itself on two different occasions amid shareholder opposition.     |
| Posted: 21 Feb 2011 06:26 PM PST Auditing firm KPMG is expected to announce Tuesday the acquisition of EquaTerra, a privately owned outsourcing advisory firm.     |
| Bank of America Card Unit Takes $20.3 Billion Regulatory Charge Posted: 21 Feb 2011 06:21 PM PST Bank of America's credit-card subsidiary is restating eight quarters of reports to regulators because it took a $20.3 billion write-down due to deteriorating credit and new regulations over the past two years.     |
| Posted: 21 Feb 2011 06:20 PM PST The housing crash may have been more severe than initial estimates have shown. The National Association of Realtors is examining the possibility that it over-counted U.S. home sales dating back as far as 2007.     |
| Blockbuster Receives Bid From Debtholders Posted: 21 Feb 2011 06:55 PM PST Blockbuster received a "stalking horse" bid from a group of debtholders who are offering to pay $290 million to take the ailing video-rental company out of bankruptcy. In some circumstances, they would have the option to liquidate.     |
| Nursing Banks, a Handshake at a Time Posted: 21 Feb 2011 04:35 PM PST For some executives trying to revive sick institutions, success will be measured in part by rebuilding relationships.     |
| The Stealth Return of $100 Oil Posted: 21 Feb 2011 07:33 PM PST U.S. crude may be just $86 a barrel, but prices from the refinery to the gas pump have risen to levels more akin to $100 oil. That could signal that higher oil prices already are dragging on the economy.     |
| Posted: 21 Feb 2011 04:00 PM PST Russia's powerful energy czar, Igor Sechin, warned BP and its billionaire Russian partners not to disrupt a deal between the British firm and Rosneft.     |
| BHP to Buy Chesapeake Shale Assets Posted: 21 Feb 2011 07:22 PM PST BHP Billiton said it was acquiring Chesapeake Energy's Fayetteville shale gas holdings in Arkansas and other assets in a deal totaling about $4.75 billion in cash.     |
| Posted: 21 Feb 2011 07:24 PM PST The FDIC has sent letters to former executives of the failed Washington Mutual Bank warning of possible legal action, and has discussed damages of $1 billion in relation to a potential lawsuit.     |
| Posted: 21 Feb 2011 07:23 PM PST Many investors remain heavily in the market, even if they remain skeptical of the market rally's longevity. The debate is over when the music will end and it's time to step away.     |
| Luxottica Founder Resigns From Generali Board Posted: 21 Feb 2011 11:00 AM PST Leonardo Del Vecchio, founder and chairman of eyewear manufacturer Luxottica, resigned from the board of Generali, the Italian insurer said.     |
| Posted: 21 Feb 2011 03:44 PM PST Spirits giant Diageo said that it will acquire Turkish spirits company Mey Içki Sanayi ve Ticaret for $2.11 billion from U.S. private-equity firm TPG Capital, a deal that gives Diageo access to a vast distribution network for its brands in the fast-growing nation.     |
| Posted: 21 Feb 2011 06:36 PM PST BMW plans to launch its megacity vehicle under the new sub-brand "i" and is setting up a venture-capital business to ramp up mobility services such as car sharing or smart navigation systems.     |
| News Corp. Agrees to Buy Shine Group Posted: 21 Feb 2011 06:30 PM PST News Corp. has agreed in principle to buy U.K. television-production company Shine Group for $674 million.     |
| Posted: 21 Feb 2011 05:18 PM PST The euro gave up the day's small gains amid concerns over political upheaval in the Middle East, and Libya in particular.     |
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