"Wallstreet" Reader

"Wallstreet" Reader

Asia Mixed on Mideast, Oil; M&A Aids Tokyo

Posted: 07 Mar 2011 07:29 PM PST

Asia was mixed on Mideast political upheaval, while merger and acquisition activity helped support Tokyo shares.

Galleon Judge Speaks Softly, Carries Tough Rep

Posted: 07 Mar 2011 05:52 PM PST

Judge Holwell isn't expected to let Raj Rajaratnam's high profile, or the attention his case has drawn, influence his trial over insider-trading charges.

Texas-Size Woe for KKR, TPG

Posted: 07 Mar 2011 07:34 PM PST

A humiliating endgame for the largest leveraged buyout in history may come sooner than investors had anticipated.

Google Takes Heat Over App Security

Posted: 07 Mar 2011 07:31 PM PST

A major software attack that distributed malicious programs to around 260,000 Android phones has put pressure on Google to do more to secure its online store for smartphone apps.

Deutsche Bank Lifts Profile in U.S.

Posted: 07 Mar 2011 06:03 PM PST

Deutsche Bank has come a long way in the U.S. market, but still meets skepticism from some customers. Its latest push in the U.S. is led by Anshu Jain, who took over investment banking last year.

U.S. Judge Issues Injunction In Chevron-Ecuador Dispute

Posted: 07 Mar 2011 06:54 PM PST

A U.S. judge issued a preliminary injunction prohibiting the enforcement of an Ecuadorean court's $8.6 billion judgment against Chevron over environmental damage in Ecuador's Amazon region.

United Continental Dials Back Growth Plans

Posted: 07 Mar 2011 05:37 PM PST

United Continental Holdings said it will dial back its growth plans this year in light of skyrocketing jet-fuel prices, joining two other major airlines that already announced such steps.

China Media Push Into the Web

Posted: 07 Mar 2011 05:43 PM PST

As increasing numbers of Chinese go online, China's state media outlets are aggressively expanding beyond their traditional roles as propaganda outlets and competing with private Internet companies.

Apparel Retailers' Pricing Power Gets Tested

Posted: 07 Mar 2011 07:34 PM PST

While some retailers are starting to let clothing prices rip, others are still trying to avoid further cuts.

Consumer Debt Rises, but Credit-Card Use Falls

Posted: 07 Mar 2011 03:17 PM PST

U.S. consumer credit increased at an annual rate of 2.5% in January as federal government lending rose, though credit-card debt fell to a six-year low.

Potential Galleon Jurors to Be Polled on Wall Street Views

Posted: 07 Mar 2011 03:36 PM PST

Potential jurors in the insider-trading trial of Galleon Group founder Raj Rajaratnam will be questioned about whether their feelings about Wall Street executives and the financial crisis in the U.S. will affect their ability to fairly consider the evidence at trial.

Toyota Plans Cut in Board Size

Posted: 07 Mar 2011 01:46 PM PST

Toyota intends to make a sharp cut in the size of the company's board, a move that has renewed tensions within the auto maker's management.

Morgan Stanley Moves to Say Bye to 'Smith Barney'

Posted: 07 Mar 2011 06:00 PM PST

Morgan Stanley is considering dropping the 73-year-old Smith Barney name from its roughly 18,000-member brokerage force.

Skype to Roll Out Ads

Posted: 07 Mar 2011 05:46 PM PST

Internet telephony service Skype plans to start rolling out ads to consumer users this week in a bid to develop a new revenue stream ahead of the company's anticipated public offering.

Merger to Create PC Drive Giant

Posted: 07 Mar 2011 07:35 PM PST

In a deal that caps a wave of consolidation and will create a dominant supplier of computer disk drives, Western Digital agreed to buy Hitachi's disk-drive business for about $4.3 billion in cash and stock

China Looks to Lift Imports

Posted: 07 Mar 2011 06:55 PM PST

China plans to shrink its trade surplus further this year but is looking for ways other than rapid yuan appreciation to ease tensions with global trading partners.

EU Preparing New Stress Tests

Posted: 07 Mar 2011 10:58 AM PST

European Union regulators preparing a new round of bank stress tests are unlikely to examine what would happen to the region's banks if a euro-zone government defaults on its debt, a European official said.

Subway Runs Past McDonald's Chain

Posted: 07 Mar 2011 05:20 PM PST

The Subway sandwich chain has surpassed McDonald's as the world's largest restaurant chain in terms of units.

Nokia to Sell Qt Business

Posted: 07 Mar 2011 07:56 AM PST

Nokia will sell its Qt commercial licensing and services business to technology services firm Digia, both companies said.

UBS's Prime-Brokerage Head Bolts for BofA

Posted: 07 Mar 2011 05:46 PM PST

Stuart Hendel is heading to Bank of America Merrill Lynch to head its global prime brokerage unit, the bank said on Monday. Two other senior executives at UBS prime brokerage are also leaving.