"Wallstreet" Reader

"Wallstreet" Reader

Geithner Presses on Exchange Disparities

Posted: 30 Mar 2011 08:58 PM PDT

Geithner argued forcefully for flexible exchange rates at an international financial summit in Nanjing, characterizing the mismatch between fixed and floating exchange rates as "the most important problem to solve in the international monetary system today."

Suit Against SAC Capital's Cohen Dismissed

Posted: 30 Mar 2011 08:19 PM PDT

The former wife of SAC Capital Advisors founder Steven A. Cohen can't pursue a lawsuit against the hedge-fund manager, a judge has ruled.

Few Banks Seek Funds for Small Businesses

Posted: 30 Mar 2011 07:50 PM PDT

The Obama administration announced with much fanfare last fall that it would set aside $30 billion for a program to revive small-business lending. But only 7% of banks have participated in it.

A Complex Bond Faces Scrutiny of Regulators

Posted: 30 Mar 2011 08:27 PM PDT

Securities regulators have broadened their probes into whether Wall Street sold a complex type of bond without fully disclosing the drawbacks to individual investors.

Asia Edges Higher; Caution Before Data

Posted: 30 Mar 2011 08:40 PM PDT

Asia was a little higher, supported by Wall Street's rise on Wednesday, though many investors remained cautious ahead of key U.S. jobs data.

SK Telecom Considers Bid for Blockbuster

Posted: 30 Mar 2011 06:51 PM PDT

South Korea's SK Telecom is considering a bid for U.S. movie-rental chain Blockbuster, which filed for bankruptcy court protection last year.

Lawmakers Near Deal on Spending

Posted: 30 Mar 2011 06:41 PM PDT

Congressional leaders neared a deal to avert a government shutdown, an agreement that Democrats said would split the difference between the two parties over how deeply to cut federal spending.

Tokyo Bourse Halts Nissan Trading Temporarily

Posted: 30 Mar 2011 06:10 PM PDT

The Tokyo Stock Exchange temporarily halted trading in Nissan after a media report said the company is considering setting up a holding company for the Japanese auto maker and France's Renault.

Sands China Faces Probe

Posted: 30 Mar 2011 08:41 PM PDT

Las Vegas Sands unit Sands China said it is being investigated by Hong Kong's securities regulator for alleged breaches of provisions of the Securities and Futures Ordinance.

Buffett Jolted as Aide Quits

Posted: 30 Mar 2011 06:21 PM PDT

David Sokol, widely seen as the leading contender to succeed billionaire Warren Buffett at the helm of Berkshire Hathaway, resigned unexpectedly amid surprising revelations about his personal stock trading.

Broken Windows at Microsoft

Posted: 30 Mar 2011 08:38 PM PDT

A new memoir by Microsoft co-founder Paul Allen is rewriting the history of one of the most storied partnerships in modern business, making clear that Bill Gates and Allen had a far more fractious relationship than is publicly known.

Berkshire's Sokol Quits After Lubrizol Purchases

Posted: 30 Mar 2011 04:46 PM PDT

David Sokol, considered by outsiders to be the most likely candidate to succeed Warren Buffett, resigned from Berkshire Hathaway after purchasing shares of a company he suggested Buffett buy. Buffett said he didn't feel the Lubrizol stock purchases were unlawful.

Web Poker Plays New Hand

Posted: 30 Mar 2011 05:36 PM PDT

A company set up by casino owners and executives has entered a partnership with Full Tilt Poker, an online poker site.

J&J Revamps McNeil Unit After Recalls

Posted: 30 Mar 2011 05:37 PM PDT

Johnson & Johnson is revamping the troubled unit that makes Tylenol and giving it new leadership in an effort to fix quality problems that have prompted multiple recalls.

Merck Paid $20.4 Million in Speaking Fees to U.S. Doctors

Posted: 30 Mar 2011 01:00 PM PDT

Drug maker Merck & Co. paid $20.4 million last year to more than 2,000 U.S. doctors and health-care professionals to discuss the company's products and certain health-care topics with other professionals.

U.S., Ethanol Industry May Pare Fuel-Blending Credit

Posted: 30 Mar 2011 12:56 PM PDT

The U.S. government and the ethanol industry are discussing significantly scaling back a longtime federal tax credit to promote use of the biofuel, according to a person familiar with the situation.

Ireland Tries Again to Tame Bank Crisis

Posted: 30 Mar 2011 05:36 PM PDT

Four times in the past two years, Irish authorities have tried to draw a line under their country's banking crisis. Now they are hoping the fifth time is the charm, when results of "stress tests" are unveiled Thursday.

Marketing Chief to Leave Microsoft

Posted: 30 Mar 2011 01:01 PM PDT

The head of marketing at Microsoft will retire at the end of the summer, the fifth high-profile executive to leave the company in the past two years.

Paulson-Led Group Seeks Same Footing in Lehman Case

Posted: 30 Mar 2011 01:17 PM PDT

A group of bondholders including Paulson & Co. wants a bankruptcy judge to consider its competing reorganization plan for Lehman Brothers on the same timetable as the plan Lehman filed.

Orbitz Drops Alamo, National Car Rentals

Posted: 30 Mar 2011 12:27 PM PDT

Orbitz said Wednesday that it will drop the Alamo Rent A Car and National Car Rental brands from its consumer websites.