"Wallstreet" Reader

"Wallstreet" Reader

Asia Higher; Resources Lift Sydney Market

Posted: 23 Mar 2011 08:56 PM PDT

Asian markets were mostly higher, with Sydney's market lifted by the resources sector and Wellington's helped by news of economic growth.

Money Rushes Into Social Start-Ups

Posted: 23 Mar 2011 08:21 PM PDT

Silicon Valley venture capitalists are betting on a new generation of companies that hope to unshackle social networking from personal computers—and shift it to the cellphone.

Yahoo Updates Web Search

Posted: 23 Mar 2011 08:21 PM PDT

Yahoo added a feature for its Web search service that is meant to reverse long-term losses in market share and keep up with recent upgrades by Google and Microsoft.

Apple's Mac OS Chief to Leave

Posted: 23 Mar 2011 05:17 PM PDT

Apple said the executive in charge of its Macintosh OS X operating system, Bertrand Serlet, is leaving the company. He will be replaced by vice president Craig Federighi.

Exchange CEOs Square Off Over NYSE Takeover

Posted: 23 Mar 2011 07:22 PM PDT

The top executives of the two big exchanges have a long history of tough talk and ferocious competition.

BofA Steps to Back of Bank Class

Posted: 23 Mar 2011 04:27 PM PDT

Bank of America became the first bank to acknowledge it didn't receive regulatory approval to raise its dividend, cementing its status as a laggard among big U.S. financial institutions.

Tax Holiday Rejected On Overseas Profits

Posted: 23 Mar 2011 07:42 PM PDT

The Obama administration on Wednesday rejected the idea of a tax holiday for U.S. multinationals' overseas income, criticizing a plan being floated by some House Republicans and multinational companies for a stand-alone relief measure.

AT&T Deal May Face 'Steep Climb' at FCC

Posted: 23 Mar 2011 03:16 PM PDT

AT&T Inc.'s $39 billion deal to acquire T-Mobile USA from Deutsche Telekom AG could be facing an uphill climb at the Federal Communications Commission.

Allies Target Gadhafi's Ground Forces

Posted: 23 Mar 2011 04:58 PM PDT

The U.S. and its allies markedly escalated their campaign in Libya, pounding tanks and artillery in a battle to keep the Gadhafi regime's forces from controlling two cities pivotal to the rebel movement, amid a debate over who would lead the campaign.

Tokyo Issues Warning on Water

Posted: 23 Mar 2011 04:32 PM PDT

Tokyo officials said infants in Japan's capital shouldn't be given city tap water due to elevated radiation levels, as the country's nuclear crisis broadened into a public-health issue for its biggest city.

New Phase in Europe Crisis

Posted: 23 Mar 2011 08:57 PM PDT

Portugal's parliament rejected a new government austerity plan, spurring the resignation of Prime Minister Sócrates and setting off a new phase in Europe's sovereign-debt crisis.

Toyota's N. American Auto Output to Slow

Posted: 23 Mar 2011 03:45 PM PDT

Toyota Motor expects to halt some auto production in North America as a result of parts shortages stemming from the March 11 earthquake and tsunami that struck Japan.

Oracle, H-P in New Spat

Posted: 23 Mar 2011 06:01 PM PDT

A new round of sniping between Hewlett-Packard and Oracle Corp. has broken out over chip technology from Intel Corp. at the heart of H-P's high-end computer system.

Banco Base to Tap Spain for Capital

Posted: 23 Mar 2011 03:39 PM PDT

Banco Base, Spain's third-largest savings bank by assets, is likely to scrap plans to go public and seek state funds instead.

FDIC's No. 2 a Top Contender to Succeed Bair

Posted: 23 Mar 2011 08:13 PM PDT

Martin Gruenberg has emerged as a top candidate to succeed Sheila Bair as chairman of the regulatory agency.

Electronic Part Shortage Hits Auto Makers

Posted: 23 Mar 2011 08:19 PM PDT

A small electronic part that measures airflow to car engines is becoming a big worry for the auto industry in the wake of Japan's earthquake and tsunami, curtailing production in Europe and the U.S.

Starbucks to Sell Single-Serve Machines

Posted: 23 Mar 2011 01:01 PM PDT

Starbucks plans to offer single-serve beverage machines in new consumer-products channels through its partnership with Courtesy Products.

Disney Board Reelected

Posted: 23 Mar 2011 12:35 PM PDT

Disney shareholders reelected the board, rejecting an advisory firm's recommendation that investors withhold support for some directors, including Steve Jobs, who has had a mixed attendance record.

Showtime Cuts Back on Netflix

Posted: 23 Mar 2011 06:04 PM PDT

CBS's Showtime plans to remove some of its original programming from Netflix's online video service, which is becoming more of a competitive threat to pay-TV.

Fed to Try to Shield Small Banks From Debit-Fee Caps

Posted: 23 Mar 2011 10:32 AM PDT

Federal Reserve Chairman Ben Bernanke said Wednesday the central bank would exercise "all the power we can" to ensure community banks wouldn't be subject to new debit-card fee limits dictated by last year's Dodd-Frank financial-overhaul law.