"Wallstreet" Reader

"Wallstreet" Reader


IBM Settles Bribery Charges

Posted: 18 Mar 2011 06:00 PM PDT

The SEC has accused IBM of bribing South Korean and Chinese government officials for more than decade. IBM has agreed to pay $10 million to settle the civil charges without admitting or denying guilt.

Supply Shortages Stall Auto Makers

Posted: 18 Mar 2011 05:15 PM PDT

GM will stop some work at two European factories and is mulling production cuts in South Korea, amid growing uncertainty over how its plants will be affected by the Japan crisis.

For Galleon Defense, Offense Is Tactical Art

Posted: 18 Mar 2011 09:12 PM PDT

John Dowd, a lawyer for Galleon Group founder Raj Rajaratnam, came out firing as he grilled a star government witness in the insider-trading case against his client.

Banks Get Fed's Nod to Pay Dividends

Posted: 18 Mar 2011 05:27 PM PDT

The Fed's move to allow some banks to resume higher shareholder payouts presented a clear division between the industry's strongest and weakest players.

Questions Over Break-In at Security Firm

Posted: 18 Mar 2011 08:11 PM PDT

RSA Security's disclosure that its computer systems had been hacked left many corporate customers scrambling to figure out what was taken and how they might be affected.

Madoff Trustee: Mets Owners Acted to Shield Assets

Posted: 18 Mar 2011 06:39 PM PDT

The trustee recovering money for Madoff's victims charged that two Mets owners knew about the scheme all along and worked to shield assets.

Netflix Seals Deal for Original Series

Posted: 18 Mar 2011 02:52 PM PDT

Netflix cut a deal to debut a new TV series on its Internet streaming service, in a departure from how traditional TV programming is made and aired.

Berkshire Profit on Goldman Shares: $1.7 Billion

Posted: 18 Mar 2011 02:33 PM PDT

Warren Buffett still has a paper profit of another $2 billion on Goldman Sachs warrants received during the financial crisis and that it continues to hold. Goldman is buying back Berkshire Hathaway's preferred shares.

Goldman Code Thief Gets 8 Years

Posted: 18 Mar 2011 06:46 PM PDT

A former Goldman Sachs computer programmer was sentenced to eight years and one month in prison Friday for stealing the confidential source code of the investment bank's high-speed trading system.

GM Halts Two European Factories

Posted: 18 Mar 2011 02:54 PM PDT

GM stopped work at two European factories and is mulling production cuts in Korea amid growing uncertainty over how its plants around the world will be affected by the crisis in Japan.

Liberty Global Nears Deal for KBW

Posted: 18 Mar 2011 02:55 PM PDT

John Malone's Liberty Global is closing in on a deal to buy German cable company Kabel Baden-Wuerttemberg for as much as $4.5 billion.

Burger King Parts Ways With Ad Agency

Posted: 18 Mar 2011 12:18 PM PDT

Burger King and its ad agency Crispin Porter + Bogusky said they had severed their relationship after more than seven years.

Former Comverse Executive Sentenced to Time Served

Posted: 18 Mar 2011 11:11 AM PDT

A former finance chief at Comverse Technology was sentenced to "time served" Friday after he cooperated with prosecutors in a stock-options backdating probe at the software company.

ECB Buys Portuguese Bonds

Posted: 18 Mar 2011 12:04 PM PDT

The ECB stepped in to buy Portuguese government bonds, as the country's Prime Minister José Socrates urged lawmakers to reach an agreement over new austerity measures to avert a bailout.

Ex-Goldman Director Sues SEC

Posted: 18 Mar 2011 05:17 PM PDT

Former Goldman Sachs director Rajat Gupta has sued the SEC, saying an administrative action filed by the regulator "unfairly and unconstitutionally" singles him out.

Galleon Jury Told of Deal Tips

Posted: 17 Mar 2011 08:36 PM PDT

A board member installed at a California company by Raj Rajaratnam fed the Galleon Group founder secret details about its impending acquisition by another firm, prosecutors alleged.

Credit Suisse CEO's Bonus Blues

Posted: 18 Mar 2011 07:55 PM PDT

Credit Suisse boss Brady Dougan is likely to reap nothing this year from the long-term bonus program that delivered him a $77.8 million windfall last year, because the bank's stock failed to meet minimum limits.

Cisco to Start Paying Dividend

Posted: 18 Mar 2011 05:56 PM PDT

Cisco Systems will start paying a quarterly dividend of six cents a share, as the technology giant answers calls to distribute some of its $40 billion in reserves.

OECD Plays Down Impact of Oil's Rise

Posted: 18 Mar 2011 08:26 AM PDT

Higher oil prices sparked by unrest in North Africa and the Middle East could push up inflation among developed countries but policy makers may not need to react, the OECD said.

Mets' SNY Partners Likely to Balk at Deal

Posted: 18 Mar 2011 06:42 PM PDT

Time Warner Cable and Comcast are unlikely to allow the owners of the Mets to sell part of their stake in a jointly owned regional sports channel.