"Wallstreet" Reader

"Wallstreet" Reader

New Cable Fight at Hand

Posted: 24 Mar 2011 06:19 PM PDT

Time Warner Cable is digging in its heels in a dispute with several big media companies over whether it can beam live TV channels to Apple's iPads.

Asian Shares Rise as Tokyo Gains

Posted: 24 Mar 2011 08:48 PM PDT

Asian stock markets were up Friday, buoyed by a strong performance on Wall Street, with Tokyo supported by gains for some of its key manufacturers as they return to production following this month's crippling earthquake. The Nikkei was up 1.2%.

Spain's Bank Rescue Hits Headwinds

Posted: 24 Mar 2011 06:30 PM PDT

Spain's plan to rescue its regional banks is running into headwinds as private investors, who are being asked to pour in cash, and ratings firms raise questions about whether the lenders have admitted to all of their real-estate losses.

Muni Woes Hinder Projects

Posted: 24 Mar 2011 08:36 PM PDT

The troubled municipal-bond market could force the developer of a skyscraper at the World Trade Center to pay higher interest rates to investors in order to avoid a potential construction shutdown.

Fed Weighs Auction for AIG Bonds

Posted: 24 Mar 2011 04:49 PM PDT

The Federal Reserve is considering an auction for a large portfolio of subprime mortgage bonds that AIG earlier this month offered to buy for $15.7 billion.

Fannie Report Warned of Foreclosure Problems in 2006

Posted: 24 Mar 2011 09:14 PM PDT

The report from an outside law firm hired by the company came long before regulators launched probes into the mortgage-service industry's practices.

Starz to Delay Netflix Content

Posted: 24 Mar 2011 05:24 PM PDT

Cable-TV channel Starz said it will start delaying, by 90 days, some of the video content it provides for Netflix's streaming service. Some other networks have said the previous Starz arrangement undermines the economics of their video subscription business.

Mortgage Rates Increase; 30-Year Fixed at 4.81%

Posted: 24 Mar 2011 04:01 PM PDT

Mortgage rates increased in the latest week, with the average rate on 30-year fixed-rate mortgages edging closer to 5%, though it remained lower than a year earlier.

NATO to Enforce No-Fly Zone Over Libya

Posted: 24 Mar 2011 04:39 PM PDT

Coalition members agreed to hand over enforcement of the no-fly zone over Libya to NATO, and authorized the alliance to develop a plan to take command of all operations in the North African country.

RIM Adds Google Apps to New Tablet

Posted: 24 Mar 2011 08:20 PM PDT

RIM posted a 32% jump in quarterly earnings, but the BlackBerry maker issued a weak outlook for the current period. RIM said its new tablet would run Android apps. Shares fell about 10% in late trading.

Oracle's Software Sales Zoom

Posted: 24 Mar 2011 06:21 PM PDT

Business software developer Oracle said its third quarter revenue and profit jumped, bolstered by strong demand globally. But sales of Sun Microsystems hardware fell short of its expectations.

Portugal's Woes Turn Spotlight on Spain

Posted: 24 Mar 2011 05:06 PM PDT

Portugal's admission that it will probably need a financial bailout raises a question that will shape the outcome of the euro zone's debt crisis: Is Spain next?

Roche Investor Pool Loses Majority Control

Posted: 24 Mar 2011 04:12 PM PDT

Roche's family investor pool said that shareholder Maja Oeri has decided to drop out of the group, meaning the group no longer has majority voting control of the drug giant.

Panel Blocks BP Pact With Rosneft

Posted: 24 Mar 2011 06:19 PM PDT

BP suffered a major blow Thursday when an arbitration tribunal in Stockholm blocked its $16 billion strategic partnership with Russian state-run oil company Rosneft to explore for oil in the Arctic.

Yemeni President Nears Deal to Resign

Posted: 24 Mar 2011 02:20 PM PDT

Yemen's president and the country's top general are hashing out a settlement in which both would resign within days in favor of a civilian-led transitional government.

Bernanke to Speak Out More on Policies

Posted: 24 Mar 2011 06:37 PM PDT

Federal Reserve Chairman Ben Bernanke in April will start holding quarterly, televised news conferences, in the central bank's latest effort to better explain its actions.

Alleged Galleon Leaker Tells of Ties

Posted: 24 Mar 2011 08:42 PM PDT

A complicated relationship between Galleon Group founder Raj Rajaratnam and an alleged source of inside information featured a two-way stream of business favors, social invitations and jokes.

Twitter Co-Founder Mulls Official Return to Company

Posted: 24 Mar 2011 12:12 PM PDT

Jack Dorsey, Twitter's co-founder and former CEO, may return to work at the closely held company. He is currently Twitter's non-executive chairman and CEO of his own start-up.

Chevron Gets Permit for Gulf Exploratory Drilling

Posted: 24 Mar 2011 01:00 PM PDT

Chevron won approval to conduct new oil-and-gas exploratory drilling in the deep water Gulf of Mexico, the first authorization since a drilling ban was lifted in the area.

J&J's Ethicon Unit Recalls Products

Posted: 24 Mar 2011 10:02 AM PDT

J&J's Ethicon unit is recalling about 360,000 units of products used to drain surgical wounds, saying the sterile barrier on packaging could be compromised.