"Wallstreet" Reader

"Wallstreet" Reader


Japan Crisis Adds New Risk to Global Recovery

Posted: 15 Mar 2011 08:37 PM PDT

Mounting worries about Japan's ability to contain and recover quickly from a nuclear disaster jolted the world's financial markets and economy Tuesday.

A Game, a Game Show, a Guinness

Posted: 15 Mar 2011 08:12 PM PDT

Guinness is rolling out a soccer-themed game show across Africa, as it looks to lift sales in the continent's crucial markets.

Galleon Defense Bids to Discredit U.S.'s Star Witness

Posted: 15 Mar 2011 08:29 PM PDT

A lawyer for Galleon Group founder Raj Rajaratnam attempted to discredit the government's star witness in an insider-trading trial, accusing him of telling "a monstrous lie" to hide payments from the hedge-fund trader and others.

Setback for Sands in Macau Suit

Posted: 15 Mar 2011 09:26 PM PDT

A judge rejected pleas by Las Vegas Sands to dismiss a high-profile employment case that pits the casino giant against a former Macau manager.

Bargain Hunters Lift Tokyo Shares

Posted: 15 Mar 2011 08:55 PM PDT

Tokyo shares remained higher at the midday market break, though the key index had pulled back from its earlier peak. Most other Asia markets were also up.

ATM Fees Heading Higher

Posted: 15 Mar 2011 05:16 PM PDT

Some of the nation's biggest banks are imposing a variety of new fees on people who withdraw money from automated-teller machines.

Off Screen, Porn Sites Trick Advertisers

Posted: 15 Mar 2011 05:31 PM PDT

Dozens of big-name marketers and Internet companies have fallen victim to a scam orchestrated by a series of pornography sites, which are trying to generate revenue by setting up junk pages and faking Web traffic.

Aluminum Competes Against Steel in Lighter Cars

Posted: 15 Mar 2011 08:33 PM PDT

Fuel-efficiency standards and high gasoline prices are intensifying the fight between steel and aluminum companies to build lightweight cars.

Metal Firms Seek Weight Loss

Posted: 15 Mar 2011 07:20 PM PDT

Alcoa and U.S. Steel are testing new alloys to help auto makers boost their fuel efficiency.

Setback in Japan's Reactor Fight

Posted: 15 Mar 2011 09:10 PM PDT

Japan faced new setbacks in its struggle to tame a quake-ravaged nuclear complex, as fresh fires broke out early Wednesday, workers were temporarily moved to safer locations, and new threats emerged in previously unaffected parts of the plant.

France Criticizes Renault

Posted: 15 Mar 2011 04:03 PM PDT

France's government, Renault's biggest shareholder, criticized the car maker over its false accusation of corporate espionage against three senior managers.

Coupon Website Seeks Funds

Posted: 15 Mar 2011 04:43 PM PDT

LivingSocial is in active talks with investors to raise around $500 million to help fuel its expansion and keep up with rival Groupon.

Reactor Monitor

Posted: 15 Mar 2011 01:23 PM PDT

Keep track of reactor incidents at the Fukushima Daiichi nuclear plant 170 miles northeast of Tokyo, which was damaged by the massive earthquake and tsunami on March 11.

NYSE Bid Is All but Certain for Nasdaq

Posted: 15 Mar 2011 05:49 PM PDT

Challenges aside, Nasdaq OMX Chief Executive Robert Greifeld is determined to mount a counterbid for NYSE Euronext, say people close to him.

Fed Sees Gains, Keeps Eye on Inflation

Posted: 15 Mar 2011 05:50 PM PDT

The Fed kept its easy-money policies intact as markets reeled from a series of global shocks, but it also offered reassuring words about the economic outlook and signaled vigilance on inflation.

CEO Quits Houghton

Posted: 15 Mar 2011 02:09 PM PDT

Barry O'Callaghan, chief executive of Houghton Mifflin Harcourt, resigned from the publisher, which last year underwent a major refinancing.

FDIC Spells Out Its Role in Unwinding Financial Firms

Posted: 15 Mar 2011 05:41 PM PDT

U.S. regulators Tuesday laid out a partial roadmap for dismantling large financial firms to avoid bailing them out or allowing them to collapse in bankruptcy in the future.

Banks Snared in Libor Probe

Posted: 15 Mar 2011 06:14 PM PDT

Multiple U.S. and European banks have been contacted by U.S. regulators as part of a probe into possible manipulation of the London interbank offered rate.

Total, U.S. in Talks on Iran Probe

Posted: 15 Mar 2011 02:04 PM PDT

Total said it is in negotiations with the U.S. authorities to settle a probe over allegations that the French energy company paid bribes to Iranian officials to obtain contracts.

Eisner Joins IAC Board

Posted: 15 Mar 2011 01:20 PM PDT

IAC/Interactive named Michael Eisner, the former CEO of Disney, to its board.