"Wallstreet" Reader |
- Emanuel Elected Chicago Mayor
- Virgin Blue Profit Drops 62%
- Nasdaq Weighs Own NYSE Bid
- Big Law's $1,000-Plus an Hour Club
- Arab Unrest Stuns Markets
- Cisco's Core Under Assault
- Holly, Frontier Oil to Merge
- Icahn, Seneca Capital to Reboot Dynegy
- BNY Mellon Faces Forex Suit in New York
- H-P Profit Jumps, Sales Are Mixed
- Molson Coors Scores NHL Deal
- Madoff Trustee: Citi Ignored Red Flags
- Illinois Likely to Offer Strong Bond Yields
- Somali Pirates Kill Four U.S. Hostages
- Ex-Disney Assistant Sentenced in Insider Trading Case
- Proxy Adviser Urges Against J. Crew Deal
- Cisco Names No. 2 Executive
- Increases in Card Rates Ease
- Indiana Democrats Stage Walkout
- Amazon Bolsters Video Streaming
| Posted: 22 Feb 2011 06:48 PM PST Former White House chief of staff Rahm Emanuel was elected mayor of Chicago, the Associated Press projected.       |
| Posted: 22 Feb 2011 05:45 PM PST Virgin Blue reported a 62% fall in first-half profit, in line with its own recent guidance, and said the second half is expected to be challenging.     |
| Posted: 22 Feb 2011 07:29 PM PST Nasdaq is assessing whether to make its own bid for the NYSE, as it weighs whether it can compete against Deutsche Börse's bid. If it can't, Nasdaq is looking to buy another exchange or sell itself.     |
| Big Law's $1,000-Plus an Hour Club Posted: 22 Feb 2011 05:50 PM PST Top attorneys in the U.S. are asking for as much as $1,250 an hour, significantly more than in previous years.     |
| Posted: 22 Feb 2011 07:11 PM PST Libya's descent into violence rattled global financial markets, sending oil prices surging to their biggest gain in more than two years and driving world stock markets sharply lower.     |
| Posted: 22 Feb 2011 05:44 PM PST Cisco is facing competition in its biggest business, the $13.6 billion switching unit, as H-P and Juniper try to lure customers. As it looks for growth, Cisco named a No. 2 executive to help CEO Chambers.     |
| Posted: 22 Feb 2011 04:28 PM PST Holly and Frontier Oil agreed to merge, hoping to give the two small oil refiners a leg up in a tough market. The all-stock deal will create a company with a combined market value of about $6 billion.     |
| Icahn, Seneca Capital to Reboot Dynegy Posted: 22 Feb 2011 04:25 PM PST The future of electricity generator Dynegy is in the hands of two battling shareholders after the entire board and two senior executives quit over shareholders' second rejection in three months of a buyout offer.     |
| BNY Mellon Faces Forex Suit in New York Posted: 22 Feb 2011 03:54 PM PST A whistle-blower legal group that sued Bank of New York Mellon in Virginia and Florida, alleging improper foreign-exchange transactions, also sued the custody bank in New York state court.     |
| H-P Profit Jumps, Sales Are Mixed Posted: 22 Feb 2011 04:47 PM PST H-P's quarterly profit jumped 16% on strong demand from commercial customers but sales declined in two of its biggest businesses: PCs and technology services. Shares slumped in after-hours trading.     |
| Posted: 22 Feb 2011 05:30 PM PST The NHL announced a new seven-year beer sponsorship with Molson Coors, prompting an outcry from long-time sponsor Labatt.     |
| Madoff Trustee: Citi Ignored Red Flags Posted: 22 Feb 2011 04:12 PM PST Citigroup decided to cut off credit to a fund which funneled money to Madoff after a one-hour meeting between bank officials and the convicted fraudster in 2006, according to a lawsuit.     |
| Illinois Likely to Offer Strong Bond Yields Posted: 22 Feb 2011 06:32 PM PST Illinois will likely offer juicy yields to entice buyers of a $3.7 billion taxable pension bond, which is expected to sell Wednesday in the municipal-bond market.     |
| Somali Pirates Kill Four U.S. Hostages Posted: 22 Feb 2011 10:55 AM PST Four Americans taken hostage by Somali pirates were shot and killed by their captors, the U.S. military said, marking the first time U.S. citizens have been killed in a wave of pirate attacks plaguing waters off East Africa.     |
| Ex-Disney Assistant Sentenced in Insider Trading Case Posted: 22 Feb 2011 11:25 AM PST A former Disney employee was sentenced to four months home detention after admitting last year to engaging in a scheme to sell early access to the entertainment company's earnings.     |
| Proxy Adviser Urges Against J. Crew Deal Posted: 22 Feb 2011 05:42 PM PST Proxy-advisory firm Institutional Shareholder Services recommended that shareholders of J.Crew Group vote against a proposed $3 billion buyout of the retailer.     |
| Posted: 22 Feb 2011 09:48 AM PST Cisco promoted Gary Moore to the newly created the position of chief operating officer to help CEO John Chambers steer the technology giant.     |
| Posted: 22 Feb 2011 06:29 PM PST The nation's new consumer watchdog agency, the subject of much banking-industry angst, released favorable news about giant credit-card issuers: Banks have eased up on credit-card rate increases.     |
| Indiana Democrats Stage Walkout Posted: 22 Feb 2011 01:00 PM PST House Democrats in Indiana began a de facto walkout in an effort to block a Republican-backed bill that would restrict private-sector union rights.     |
| Amazon Bolsters Video Streaming Posted: 22 Feb 2011 10:25 AM PST Amazon.com added a free movie-streaming service to its $79-a-year Amazon Prime shipping membership, ratcheting up the competition with Netflix.     |
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