"Wallstreet" Reader

"Wallstreet" Reader

Asia Higher But Tokyo Drops

Posted: 28 Mar 2011 07:25 PM PDT

Most Asian stocks markets rose, but Tokyo fell 1.6% on setbacks in efforts to bring Japan's stricken nuclear complex under control.

Housing Booms in Canada

Posted: 28 Mar 2011 08:28 PM PDT

Home prices north of the U.S. border are on a fresh tear, raising worry at Canada's central bank, which has warned about rising debt levels, and among some economists, who say the market is ripe for a correction.

Banks Offer Own Mortgage-Servicing Plan

Posted: 28 Mar 2011 05:46 PM PDT

Five of the nation's largest banks sent government officials a proposal Monday that outlines a set of mortgage-servicing standards they would abide by as part of a settlement of abuses in the industry.

Siemens Overhaul Includes Unit Spinoff

Posted: 28 Mar 2011 04:33 PM PDT

Siemens detailed a restructuring that includes spinning off its Osram lighting unit and creating a new division aimed at better positioning the company in the growing market for green infrastructure.

Obama to Speak on Libya, but Path Is Unclear

Posted: 28 Mar 2011 04:37 PM PDT

In his address to the nation, Obama explained why the U.S. got involved in a military operation in Libya. What the president can't do is predict exactly where that military operation will lead, writes Gerald F. Seib.

Worries Grow Over Supplies of Japanese Cars

Posted: 28 Mar 2011 08:18 PM PDT

The impact of the March 11 earthquake and tsunami on the supply of made-in-Japan vehicles is just starting to become clear on the lots of Main Street car dealers and on Wall Street earnings outlooks for Japan's big car makers.

NVR CEO Gets Fat Pay Package

Posted: 28 Mar 2011 03:59 PM PDT

One of 2010's biggest executive-pay packages—valued at nearly $31 million—went to the CEO of a home builder.

Blockbuster to Close 186 More Stores

Posted: 28 Mar 2011 02:43 PM PDT

Blockbuster will start closing 186 more stores by the end of the month, leaving more than a third of its U.S. brick-and-mortar locations closed or slated for closure since the video-rental chain filed for bankruptcy in September.

EDF Asks Edison CEO to Step Down

Posted: 28 Mar 2011 12:48 PM PDT

EDF is putting pressure on the CEO of smaller Italian utility Edison, of which EDF owns about half, to step down, according to a person close to EDF, in a move that is likely to heighten Rome's concerns that French firms are encroaching on Italy Inc.

Aussie Dollar Takes Off

Posted: 28 Mar 2011 07:02 PM PDT

Trouble from Japan to Libya is aiding a far-flung beneficiary: the Australian dollar. The currency reached its highest point against the U.S. dollar since it became a free-floating currency in 1983.

Nissan Expects Full Production Within Weeks

Posted: 28 Mar 2011 06:29 PM PDT

Nissan expects to resume full production "in a matter of weeks, not months" after earthquake damage to auto-parts suppliers sent shockwaves through the global supply chain.

Baidu Takes Authors' Fire

Posted: 28 Mar 2011 08:14 PM PDT

Chinese Internet giant Baidu is under fire for alleged copyright infringement of written works. Baidu has apologized to writers and said it is rushing to assess millions of files on its Baidu Library site.

Power Shifts Atop Twitter

Posted: 28 Mar 2011 08:27 PM PDT

Twitter co-founder and former CEO Jack Dorsey said he is returning to the fast-growing company as head of product and executive chairman.

Encore Faulted on Documents

Posted: 28 Mar 2011 05:35 PM PDT

Minnesota Attorney General Lori Swanson accused Encore Capital, the nation's largest publicly traded debt-buying firm by revenue, of filing "false and deceptive 'robo-signed' affidavits" to collect debts.

J&J Scraps Antipsychotic Study

Posted: 28 Mar 2011 09:59 AM PDT

J&J has scrapped plans for a clinical trial comparing its injectable antipsychotic Invega Sustenna with various oral treatments, citing a "reconsideration of priorities."

Prada Net Profit Reaches Record High

Posted: 28 Mar 2011 04:48 PM PDT

Italian fashion house Prada said rising sales world-wide helped its net profit and sales surge to a record high in the fiscal year ending Jan. 31.

British Airways Faces New Strike

Posted: 28 Mar 2011 08:51 AM PDT

The union representing British Airways cabin crew said staff have voted to back more strike action at the airline, but didn't give possible dates.

Anheuser Buys Small Brewer Goose Island

Posted: 28 Mar 2011 04:46 PM PDT

Anheuser-Busch InBev's U.S. unit agreed to buy fast-growing Chicago brewer Goose Island for $38.8 million, one of several moves by the company to ratchet up its investment in high-end beers.

Transocean Says Clients Not Ending Contracts

Posted: 28 Mar 2011 09:04 AM PDT

A third of Transocean's $6.6 billion Gulf of Mexico contract backlog could be cancelled with little financial risk to the driller's customers, Chief Executive Steve Newman said Monday.

Citic Securities' Board Backs Hong Kong Listing

Posted: 28 Mar 2011 07:44 PM PDT

China's Citic Securities said its board has approved a plan to list shares in Hong Kong, in a move that could pave the way for potential investments as part of a tie-up it is seeking with France's Crédit Agricole.