"Wallstreet" Reader

"Wallstreet" Reader

Fortune Brings Skinnygirl Into the Fold

Posted: 20 Mar 2011 09:01 PM PDT

Fortune Brands, seeking to capitalize on the emerging market of low-calorie cocktails, has acquired the Skinnygirl brand created by reality-television star Bethenny Frankel. Terms were undisclosed.

Buffett: Berkshire Hathaway Seeks More Acquisitions

Posted: 20 Mar 2011 08:53 PM PDT

Berkshire Hathaway Chairman Warren Buffett is seeking further acquisitions following a $9 billion purchase of Lubrizol Corp. last week.

Google Leads List of Desired Employers

Posted: 20 Mar 2011 06:22 PM PDT

One in four young professionals wants to work at Google, according to a recent survey. Apple ranked second, with Disney, the State Department and Amazon rounding out the top five.

Asian Shares Mixed; Japan Optimism Offset By Libyan Tension

Posted: 20 Mar 2011 08:25 PM PDT

Asian stock markets were mixed Monday, as optimism over progress in resolving Japan's nuclear crisis was offset by concerns over military action in Libya by allied forces. Australia's ASX was down 0.3%, while Japanese markets were shut for a holiday.

Web Shows Get More Ambitious

Posted: 20 Mar 2011 05:52 PM PDT

Technology and media companies are racing to create Internet-video hits closer to the scale of traditional TV, as consumers start to watch more video on Internet-connected televisions and tablet computers.

Prosecutions Vex Aviation Industry

Posted: 20 Mar 2011 07:46 PM PDT

Air-safety experts are revving up a campaign against criminal treatment of airline accidents, after a French magistrate threatened to prosecute Airbus and Air France over a 2009 crash.

Tiny Channel's Big Gamble

Posted: 20 Mar 2011 05:17 PM PDT

For little-known ReelzChannel, the controversial "Kennedys" miniseries is a bold move to win name recognition and a bigger TV audience.

Intel Wooed H-P Executive

Posted: 20 Mar 2011 04:18 PM PDT

Intel courted an H-P executive for a senior position, underscoring the chip maker's difficult task of identifying an eventual successor to CEO Paul Otellini.

Mets Owners Fire Back at Madoff Trustee

Posted: 20 Mar 2011 08:15 PM PDT

The owners of the New York Mets struck back at the Madoff trustee, accusing him in court of ignoring evidence and fabricating allegations that they overlooked warnings about the Ponzi scheme.

AIG, Fed in Subprime-Bond Standoff

Posted: 20 Mar 2011 05:55 PM PDT

AIG wants to repurchase a large portfolio of subprime-mortgage bonds from the Federal Reserve, forcing the central bank to weigh the interests of the insurer against those of taxpayers.

Markets Back in Lockstep as Risk Bets Return

Posted: 20 Mar 2011 05:37 PM PDT

Stocks and the dollar are consistently moving in opposite directions as investors return to the "risk on/risk off" trades common in 2010.

Nasdaq Bid for NYSE Would Face Antitrust Tangle

Posted: 20 Mar 2011 04:56 PM PDT

Antitrust experts see few palatable options for Nasdaq to allay concerns that a deal would harm competition.

Mixed Message From U.S. IPOs

Posted: 20 Mar 2011 12:48 PM PDT

After a week of market swings and global crises, the U.S. IPO market is trying to march ahead with a stiff upper lip. The message so far is divided; some are sticking to their schedule, but others have postponed their plans.

More Volatility Awaits the Treasury Market

Posted: 20 Mar 2011 12:51 PM PDT

Turmoil in Japan and the Middle East drove U.S. Treasury debt to its most volatile week in more than a month last week and traders are bracing for further big swings.

New Boeing 747 Takes Flight

Posted: 20 Mar 2011 08:29 PM PDT

Boeing's newest 747 passenger jet took to the skies for the first time Sunday, marking the third maiden flight of a new Boeing commercial airplane in the past 15 months.

Ferrero Considers Parmalat Stake

Posted: 20 Mar 2011 03:35 PM PDT

Ferrero is eyeing a potential investment in Parmalat as part of a push by Italy's business and political establishment to keep the dairy firm, once at the center of Europe's biggest-ever corporate scandal, in Italian hands, according to Italian bankers.

Aramco to Supply China Refinery

Posted: 20 Mar 2011 09:12 AM PDT

State-owned Saudi Arabian Oil Co. said one of its units signed a memorandum of understanding with PetroChina to supply crude to a planned grassroots refinery in southwest China.

Attacks Aim to Cut Gadhafi Supply Lines, Mullen Says

Posted: 20 Mar 2011 08:12 AM PDT

Coalition air attacks are now aiming to cut the supply lines for Gadhafi's ground forces, Adm. Mullen said. He said a no-fly zone was "effectively in place" and that its air force has been effectively grounded.

The Diplomatic Path to U.S. Support

Posted: 20 Mar 2011 07:48 AM PDT

Nicolas Sarkozy's meeting with Hillary Clinton in Paris last Monday was the launch point for four frantic days of diplomacy that turned the Obama administration toward intervention.

Raids Illustrate Obama Doctrine

Posted: 20 Mar 2011 05:24 AM PDT

With the airstrikes against Ghadafi, Obama appeared to put into practice a foreign-policy doctrine he first sketched during the 2008 presidential campaign.