"Wallstreet" Reader

"Wallstreet" Reader

U.N. Imposes Sanctions on Gadhafi

Posted: 26 Feb 2011 07:49 PM PST

The U.N. Security Council unanimously imposed an arms embargo on Libya and slapped financial and trade sanctions on Col. Moammar Gadhafi and his inner circle in an effort to stop them from killing more Libyan civilians.

Pro-Union Rallies Held Across Country

Posted: 26 Feb 2011 04:34 PM PST

Thousands of people turned out at rallies across the country to show their support for union members fighting to retain their rights to represent workers and negotiate contracts. Republicans, however, said they didn't think the protests would resonate widely with voters.

Pro-Rebel Officers Vow Defense of Eastern Libya

Posted: 26 Feb 2011 12:28 PM PST

Libyan air-force officers who have defected to join pro-democracy rebels in eastern Libya said on Saturday they would defend eastern Libya against attack by forces loyal to Moammar Gadhafi, but would not go on the offensive.

Armed Pro-Gadhafi Gangs Patrol Libyan Capital

Posted: 26 Feb 2011 10:09 AM PST

The embattled Libyan regime passed out guns to civilian supporters, set up checkpoints Saturday and sent armed patrols roving the terrorized capital to try to maintain control of Moammar Gadhafi's stronghold.

Police Block Protest March in Algiers

Posted: 26 Feb 2011 08:58 AM PST

Several hundred protesters marched through central Algiers Saturday, in the first demonstration since the government lifted its state of emergency.

Microsoft, Facebook Address Online Concerns

Posted: 25 Feb 2011 04:45 PM PST

Microsoft and Facebook moved to beef up and clarify their efforts around the thorny issue of online privacy—the latest steps by Internet firms to calls for stronger consumer protections.

Motorola Sues TiVo

Posted: 25 Feb 2011 05:58 PM PST

Motorola filed a suit against TiVo in Texas Friday claiming infringement of its patents for digital video recorders.

Verizon Wireless: iPhone Sales Strong

Posted: 25 Feb 2011 01:03 PM PST

Verizon Wireless CEO said the carrier sold more iPhone 4s during its initial launch than any other product, adding that short store lines were result of online purchases.

Berkshire's BuffettEyes More Major Deals as Earnings Surge

Posted: 26 Feb 2011 06:32 PM PST

Berkshire Hathaway Chairman Warren Buffett, in his annual letter to shareholders, said he expects a better business climate this year as the conglomerate reported a 61% gain in 2010 net income Saturday.

Bahraini Opposition Leader Addresses Protesters

Posted: 26 Feb 2011 02:49 PM PST

A prominent Bahraini opposition leader urged anti-government protesters to use the tools of civil resistance to overthrow the ruling Al-Khalifa family, marking a significant escalation of rhetoric from the formalized opposition.

Berkshire's 4th-Quarter Profit Rose 43%, Lifted by Stock Gains

Posted: 26 Feb 2011 06:30 AM PST

Warren Buffett's Berkshire Hathaway said fourth-quarter profit rose 43% to $4.38 billion, buoyed by the improving stock market and a stabilizing of the economy.

West to Isolate Gadhafi

Posted: 26 Feb 2011 09:30 AM PST

France and the U.K. have asked the U.N. to pass a resolution that would include a total arms embargo and sanctions on civil-war-torn Libya as well as a probe from the International Criminal Court.

Nasdaq Looking for a Partner

Posted: 25 Feb 2011 04:58 PM PST

Nasdaq OMX Group is looking to two other exchanges for help in a potential bid for rival exchange NYSE Euronext.

External Surpluses Root Cause of China's Inflation Problem

Posted: 26 Feb 2011 05:11 AM PST

China's large external imbalances, combined with its interventions in the foreign-exchange market, are the "root cause" of the country's current inflation problem, a central-bank official said.

Investors to Receive $100 Million in Settlement of Madoff Claims By Tremont

Posted: 26 Feb 2011 04:48 PM PST

Investors who claim they lost money to Bernard Madoff through investments by funds managed by Tremont Group or its subsidiaries will receive $100 million in cash as part of a settlement.