"Wallstreet" Reader

"Wallstreet" Reader

Dana to Name New CEO

Posted: 29 Mar 2011 09:01 PM PDT

Automotive parts maker Dana Holding on Wednesday will name Roger Wood as its fourth chief executive since 2008.

State Tax Revenue Snaps Back

Posted: 29 Mar 2011 08:36 PM PDT

State and local tax revenue has nearly snapped back to the peak hit several years ago amid a reviving economy and tax increases implemented during the recession. But the improvement masks deeper problems.

Asia Rises; Yen's Weakness Supports Tokyo

Posted: 29 Mar 2011 08:20 PM PDT

Asia was higher, with a weaker yen providing some relief to Tokyo's market although buying was still tempered by the earthquake's aftermath.

Death Payouts in BP Spill Start at $8 Million

Posted: 29 Mar 2011 04:55 PM PDT

Settlements with families of workers killed in last year's Deepwater Horizon oil-rig explosion are running at $8 million to $9 million so far, a range sharply inflated by companies' interest in avoiding another possible wave of bad publicity.

Dean Foods Settles Suit

Posted: 29 Mar 2011 06:50 PM PDT

Dean Foods agreed to sell a Wisconsin milk plant to settle an antitrust lawsuit brought by the Justice Department.

Suspect Is Exception: She's Still Locked Up

Posted: 29 Mar 2011 08:30 PM PDT

For three months, a defendant in an insider-trading case has sought a "get-out-of-jail" card from the U.S.—and has been rebuffed amid a flap over whether an alleged lover hid some of her assets.

Plugging a Gap in Sinkhole Coverage

Posted: 29 Mar 2011 03:34 PM PDT

As more Florida homeowners seek insurance payments for sinkhole problems, state lawmakers are considering measures to curb dubious claims and try to ensure that policy proceeds are used to repair properties.

Amazon Beats Rivals Into the 'Cloud'

Posted: 29 Mar 2011 06:38 PM PDT

Technology titans are racing to deliver music and other digital files from online storehouses, with Amazon.com grabbing the inside track over rivals such as Apple and Google.

Apollo IPO Prices High, Sells More Than Expected

Posted: 29 Mar 2011 07:22 PM PDT

Apollo Global Management will begin trading on Wednesday in a much-watched initial public offering that values the private-equity shop at nearly $6.9 billion.

Valeant Offers $5.7 Billion for Cephalon

Posted: 29 Mar 2011 08:31 PM PDT

Valeant Pharmaceuticals International said it offered to pay about $5.7 billion to acquire drug maker Cephalon.

UAW Is Open to More Lower Wage Jobs

Posted: 29 Mar 2011 03:53 PM PDT

A top United Auto Workers union official said its stance in upcoming contract talks with the Detroit Three includes considering any measure to preserve U.S. factory jobs, including more lower wage jobs.

Honda to Slow North American Auto Output

Posted: 29 Mar 2011 01:51 PM PDT

Honda said it would cut production at its seven North American auto assemble plants to cope with shortages of parts made in Japan.

J&J Issues More Recalls

Posted: 29 Mar 2011 06:43 PM PDT

J&J issued another round of recalls of over-the-counter medicines, citing quality lapses similar to those implicated in a series of recalls since 2009.

'Insider' Is Charged at FDA

Posted: 29 Mar 2011 07:56 PM PDT

A chemist at the FDA was charged with insider trading by federal authorities, who alleged he made as much as $3.6 million trading drug company stocks based on confidential drug-approval information.

Proxy Adviser Says BP's Ex-CEO Payout Too High

Posted: 29 Mar 2011 01:01 PM PDT

BP's decision to pay "excessive" compensation to top managers who had responsibility during a fatal oil-well explosion in the Gulf of Mexico should be opposed by shareholders at the company's annual general meeting, a U.K. proxy-voting adviser said.

Hutchison Gets 3G Boost

Posted: 29 Mar 2011 10:21 AM PDT

Hutchison Whampoa posted a 47% rise in 2010 net profit as business improved at the company's third-generation mobile operations.

Japan to Keep Dousing Plant; Sea Threatened

Posted: 29 Mar 2011 12:28 PM PDT

Japanese authorities vowed to continue using water for the critical task of cooling reactors at the Fukushima Daiichi nuclear-power plant—even as they raced for ways to keep the radioactive runoff from the process from spilling into the ocean.

N.Y. Moves to Merge Bank, Insurance Regulators

Posted: 29 Mar 2011 02:18 PM PDT

New York lawmakers are expected to merge the two agencies overseeing the banking and insurance industries in the state as part of this week's likely approval of Gov.Cuomo's budget.

Mortgage-Lending Rules Unveiled

Posted: 29 Mar 2011 04:07 PM PDT

Federal regulators proposed potentially transformative lending rules, kicking off what is likely to be a furious effort by the housing and banking industries to soften the proposal.

FDIC Drafts Rule on 'Living Wills'

Posted: 29 Mar 2011 02:31 PM PDT

U.S. banking regulators proposed to require that the nation's largest financial firms provide a roadmap to help wind them down in the event of a financial crisis.