"Wallstreet" Reader

"Wallstreet" Reader

Gupta Stayed as Director After SEC Letter

Posted: 25 Mar 2011 08:45 PM PDT

Rajat Gupta stayed on as a director of three public companies after securities regulators warned him that they intended to accuse him of leaking inside boardroom information.

Berkshire's Sokol Kicked Off Lubrizol Deal

Posted: 25 Mar 2011 06:47 PM PDT

David Sokol, considered a possible successor to Warren Buffett at Berkshire, identified Lubrizol as a potential acquisition and took the lead in early talks to buy it, according to a filing that details how last week's $9 billion deal came about.

Vale's Chief Nears Exit

Posted: 25 Mar 2011 05:45 PM PDT

Roger Agnelli, the longstanding chief executive of Vale, appeared increasingly likely to step down from the helm of the mining giant, under pressure from the Brazilian government.

The $300 Million Blunder

Posted: 25 Mar 2011 02:58 PM PDT

Philippe Jabre scooped up Japanese shares right after the quake and then suffered losses as the market tanked. But he bailed too soon and missed the rebound.

Crisis-Era Props Are Falling Away

Posted: 25 Mar 2011 04:25 PM PDT

U.S. policy makers in recent days have taken a series of small steps to remove their extraordinary, crisis-era support from the economy and financial markets.

Jefferies CEO's Total Pay in 2010: $47.3 Million

Posted: 25 Mar 2011 02:17 PM PDT

Jefferies Group Chief Executive Richard Handler was granted total compensation in 2010 valued at $47.3 million. Jefferies said the figure included $45 million in restricted stock related to 2009 to 2012, contingent on performance.

Pigment Shortage Hits Auto Makers

Posted: 25 Mar 2011 04:01 PM PDT

A shortage of a type of shiny pigment that is used in automobile paints and is only made in a single plant in Japan has emerged as the newest headache for the auto industry.

Netflix, Miramax Near Streaming Deal

Posted: 25 Mar 2011 06:10 PM PDT

Miramax and Netflix are finalizing a five-year deal worth more than $100 million to stream its library of more than 700 titles.

Investors Doubt RIM's Product Strategy

Posted: 25 Mar 2011 04:04 PM PDT

RIM's product strategy got a vote of no confidence Friday, as investors doubted the release of the PlayBook tablet and new BlackBerry models later this year can revive the company's flagging fortunes in the key U.S. market.

Mazda Suspends Some Dealer Orders

Posted: 25 Mar 2011 02:00 PM PDT

Mazda suspended U.S. dealer orders for vehicles built in Japan until further notice because of parts-supply disruptions.

Suits Against BofA Can Proceed

Posted: 25 Mar 2011 03:15 PM PDT

Deutsche Bank and a unit of BNP Paribas can proceed with lawsuits against Bank of America for losses suffered when a subsidiary of Taylor Bean & Whittaker collapsed, a federal judge said.

Canada Proposes Better Monitoring of Oil Sands

Posted: 25 Mar 2011 12:15 PM PDT

Canada's federal government has proposed a plan to revamp environmental monitoring in the country's oil-sands industry in response to criticism of the current system and amid growing environmental and regulatory scrutiny in Canada and the U.S.

EU to Explore Trade Deal With Japan

Posted: 25 Mar 2011 11:47 AM PDT

The EU opened the door to negotiating a trade deal with Japan, saying the agreement could help the Japanese economy recover following March's devastating earthquake and tsunami.

At Google, Page Seeks to Cut Red Tape

Posted: 25 Mar 2011 08:43 PM PDT

As Google's Larry Page prepares to reclaim his role as CEO, he has already taken steps to assume greater command of the Internet giant and start culling projects.

Siemens Division to Focus on Green Infrastructure

Posted: 25 Mar 2011 11:39 AM PDT

Siemens plans to create a new division as part of a restructuring plan aimed at better positioning the German engineering giant in the growing market for green infrastructure.

China Seen as Buyer in Corn Sale

Posted: 25 Mar 2011 06:51 PM PDT

The USDA said private exporters struck deals to sell 1.25 million metric tons of corn, but didn't disclose the destination. Traders suspect China is the purchaser.

Swiss Re Details Japan Claims

Posted: 25 Mar 2011 11:02 AM PDT

Swiss Reinsurance said its claims from the natural catastrophe in Japan stem largely from the insurance of physical damage and business interruption for cooperatives and commercial clients.

Troops Open Fire on Syrian Protesters

Posted: 25 Mar 2011 01:25 PM PDT

Protests calling for freedom and reform erupted across Syrian cities a day after the government announced a list of concessions, prompting violent clashes with security forces.

Slow Progress Stokes Nuclear Fears

Posted: 25 Mar 2011 11:19 AM PDT

Japanese workers failed to restore power to parts of a crippled nuclear power plant, but managed to begin dousing fuel rods with fresh water, a development suggesting that the two-week effort to control the disaster continues to inch ahead. The government, meanwhile, said it suspected there could be a breach at one reactor that could be releasing radiation.

BP Looks to Salvage Alliance

Posted: 25 Mar 2011 04:07 PM PDT

BP and Rosneft scrambled to salvage their landmark alliance after BP's Russian partners in its TNK-BP joint venture blocked it.