"Wallstreet" Reader

"Wallstreet" Reader

Insolvency Looms as States Drain Disability Fund

Posted: 21 Mar 2011 07:31 PM PDT

The Social Security Disability Insurance program is set to become the first big federal benefit program to run out of cash—and one of the main reasons is states and territories have a large say in who qualifies for the program.

Apple Sues Amazon Over Term 'App Store'

Posted: 21 Mar 2011 08:23 PM PDT

Apple sued Amazon over its use of the term "App Store," accusing the online retailer of trademark infringement.

Asia up; Tokyo Surges 3.4% as Nuclear Concerns Ease

Posted: 21 Mar 2011 08:18 PM PDT

Asian stock markets were higher, led by a surge in Japanese stocks, although markets remained watchful of fresh developments in Libya.

AT&T Digs In for D.C. Fight

Posted: 21 Mar 2011 08:25 PM PDT

AT&T's deal for T-Mobile is as much a wager on the political climate in Washington as it is a bet on the future of the wireless market.

Software Fight Erupts in Toyota Recall Suits

Posted: 21 Mar 2011 07:28 PM PDT

A major battle involving security measures typically reserved for classified government secrets has been brewing in an unlikely spot: the sprawling litigation over Toyota's sudden acceleration incidents

NFL Asks Judge to Keep Lockout in Place

Posted: 21 Mar 2011 03:21 PM PDT

Showing no hint of concession while facing potentially costly antitrust litigation, lawyers for the National Football League argued the federal courts shouldn't intervene in the league's lockout of some 1,700 players.

Russia Lifts Its Energy Profile Amid Crisis

Posted: 21 Mar 2011 03:14 PM PDT

Russia is offering to ease strains on global natural gas markets from Japan's nuclear crisis and Libyan strife after years of being criticized for using its energy reserves as a political weapon.

U.S. Banks Oppose Tighter Money Rules

Posted: 21 Mar 2011 03:08 PM PDT

Even as governments freeze assets tied to regimes in Libya, Egypt and Tunisia, U.S. banks are resisting efforts to tighten international rules to prevent the flow of money from corrupt politicians.

German Court to Rule on Deutsche Swaps Case

Posted: 21 Mar 2011 06:44 PM PDT

Germany's highest court is expected to rule Tuesday whether Deutsche Bank misled hundreds of municipal clients and small companies about the risks of interest-rate swaps.

Europe Sets Pact on Bailout Fund

Posted: 21 Mar 2011 06:05 PM PDT

European finance ministers sealed an agreement establishing a new bailout fund able to lend about $710 billion to troubled euro-zone countries.

AT&T Deal a Key Test for Obama Regulators

Posted: 21 Mar 2011 04:11 PM PDT

AT&T's proposed $39 billion takeover of T-Mobile USA is as much a wager on the political environment in Washington as it is a bet on the future of the U.S. wireless market.

Ex-UBS Banker Gets 22-Month Sentence

Posted: 21 Mar 2011 12:50 PM PDT

A former UBS investment banker was sentenced to nearly two years in prison after admitting last year to tipping a friend about proposed health-care mergers.

Housing Discounts Expected

Posted: 21 Mar 2011 07:32 PM PDT

Sales of previously owned homes fell sharply in February, setting the stage for steep discounting in the spring market.

Galleon Jurors Hear Tapes of Intel Officer Rajiv Goel

Posted: 21 Mar 2011 04:32 PM PDT

Former Intel executive Rajiv Goel joked with Galleon Group founder Raj Rajaratnam on a 2008 phone call secretly recorded by federal agents. Then, prosecutors say, Mr. Goel gave his longtime friend confidential information about a multibillion-dollar business deal.

Shortages Hit Europe Car Makers

Posted: 21 Mar 2011 01:16 PM PDT

A shortage of components from suppliers in disaster-hit parts of Japan is beginning to impact manufacturing at some European car makers.

Northrop Wins a Government Order

Posted: 21 Mar 2011 04:29 PM PDT

Northrop Grumman said it was awarded a task order potentially worth $1.1 billion to enhance and maintain classified networks for the Department of Homeland Security.

Liberty Adds to German TV Holdings

Posted: 21 Mar 2011 03:39 PM PDT

John Malone's Liberty Global agreed to buy KBW, Germany's third-largest cable-TV company, from Swedish private-equity company EQT for $4.48 billion, adding to his holdings in that country.

Apollo Global, After Delay, Plans IPO

Posted: 21 Mar 2011 10:16 AM PDT

Private-equity firm Apollo Global Management set the terms for a $499 million initial public offering and plans to launch the deal March 30.

Bayer Is Sued for Discrimination

Posted: 21 Mar 2011 11:59 AM PDT

Six former and current employees of Bayer's U.S. health-care arm filed a $100 million gender-discrimination lawsuit.

European Drug Regulator Puts Limits on Ex-Director

Posted: 21 Mar 2011 02:19 PM PDT

Europe's main drug regulator, the European Medicines Agency, said it is setting new limits on the business activities of its former executive director, Thomas Lonngren.