"Wallstreet" Reader

"Wallstreet" Reader

Morgan Stanley's Asia Chief to Return to U.S.

Posted: 13 Mar 2011 08:48 PM PDT

Morgan Stanley's Asia chief executive, Owen Thomas, is returning to the U.S. in June, according to an internal memo.

Corona Brewer Drinks to Family Business

Posted: 13 Mar 2011 08:23 PM PDT

Grupo Modelo CEO Carlos Fernández discusses the Corona maker's relationship with rival Anheuser, the strength of the peso, and his favorite beer.

NFL Girds for Fight

Posted: 13 Mar 2011 08:53 PM PDT

As NFL team owners and the players union dig in for a potentially lengthy legal battle, NFL officials said owners have already set aside enough money to cover them in case the 2011 season is canceled.

Quake to Test Japan's Economy, Markets

Posted: 13 Mar 2011 09:08 PM PDT

The history of rich countries recovering, albeit painfully, from large natural disasters is encouraging. Now, a question hangs over Japan and the rest of the world: Is this time different?

Fannie, Freddie Probe Focuses on Disclosure

Posted: 13 Mar 2011 06:44 PM PDT

The investigation by the Securities and Exchange Commission into Fannie Mae and Freddie Mac is homing in on the extent to which the mortgage-finance giants adequately disclosed their exposure to subprime loans.

In One Hard-Hit Town, Recovery Begins

Posted: 13 Mar 2011 06:44 PM PDT

As the tsunami warnings subsided around Sendai, one of the locations decimated by the giant tidal waves that followed Japan's earthquake, local residents entered recovery mode.

Doubts Form in Shadow of Nuclear Plants

Posted: 13 Mar 2011 09:04 PM PDT

Norio Hayashi felt secure in his hometown, near two nuclear power plants that have long benefited the community. Then came Japan's massive earthquake, and the night he lost contact with his family.

Japan Leads Asia Stocks Down

Posted: 13 Mar 2011 06:22 PM PDT

Tokyo shares fell sharply in early trade Monday after the massive quake that struck Japan and caused a destructive tsunami, while shares in the rest of the region were also weakening.

Police Probe Renault Case

Posted: 13 Mar 2011 08:04 PM PDT

In the latest twist in an embarrassing corporate-espionage affair at Renault, French prosecutors have begun investigating whether the French car company has been the victim of fraud.

British Publisher Buys Mental Floss

Posted: 13 Mar 2011 05:34 PM PDT

Magazine publisher Felix Dennis is betting now on another long shot: a magazine and books for trivia addicts billed as cocktail party cheat sheets.

Tokyo Reopens for Business Monday

Posted: 13 Mar 2011 04:25 PM PDT

The Tokyo area faced numerous transportation delays as it began its first workday since Friday's devastating quake, with the government urging people to stay home if possible to conserve electricity.

H-P Chief to Reveal Strategy

Posted: 13 Mar 2011 08:56 PM PDT

H-P chief Leo Apotheker on Monday is expected to reveal his strategic plan for the company, detailing how he intends to take advantage of such tech trends as a shift to online services.

BP Blocks Russian Partners From Arctic Deal

Posted: 13 Mar 2011 07:00 PM PDT

BP, in a vote Saturday, blocked an attempt by its billionaire Russian partners to join its planned $16 billion partnership with Russian state oil giant Rosneft.

For Stocks, Worries Get Harder to Ignore

Posted: 13 Mar 2011 03:59 PM PDT

Behind the sudden, sharp market swings of the past few weeks is a simple question: Is the U.S. economy strong enough yet to grow on its own, without significant government help?

Officials Struggle to Prevent Meltdown

Posted: 13 Mar 2011 09:03 PM PDT

Japanese officials battled into early Monday to prevent meltdowns at two damaged nuclear reactors, saying their fuel rods may have been critically damaged by overheating

For Borders, a Scramble to be Lean

Posted: 13 Mar 2011 03:54 PM PDT

Borders President Mike Edwards said the bookseller hopes to exit bankruptcy-court protection by summer's end after getting a head-start on its restructuring by targeting 200 superstores for closure.

Lehman Auditor May Bear the Brunt

Posted: 13 Mar 2011 07:28 PM PDT

While Lehman Brothers executives won't likely face charges for an accounting tactic that obscured the firm's financial condition, its auditor Ernst & Young is in court.

AT&T Web Customers Face Data Cap

Posted: 13 Mar 2011 03:30 PM PDT

AT&T said it will begin to cap DSL data usage for its Internet customers and implement charges for anyone who exceeds the limit.

Quake's Insurance Tab May Hit $35 Billion

Posted: 13 Mar 2011 04:40 PM PDT

Friday's earthquake could be the costliest ever for the insurance industry, even before the effects of the tsunami are included, according to AIR Worldwide, a disaster-modeling company.

The Fed's Oil Dilemma

Posted: 13 Mar 2011 05:47 PM PDT

The Fed could tighten policy to discourage speculators and suppress oil demand, but that would only undercut U.S. growth prospects. If it instead keeps policy looser for longer, as seems likely, it fosters growth—but that also reinforces global demand for oil.