"Wallstreet" Reader

"Wallstreet" Reader

Report Cites Fannie, Freddie Executive Pay

Posted: 31 Mar 2011 08:15 PM PDT

A federal watchdog criticized federal regulators' oversight of executive pay packages for top officials at Fannie Mae and Freddie Mac in a report published Thursday.

Aide's Trades Pressure Buffett

Posted: 31 Mar 2011 09:03 PM PDT

A brief phone call with a top executive has landed billionaire investor Warren Buffett in one of the most sensitive positions in his 60-year business career.

Asia Mixed; Tokyo Struggles Amid Post-Quake Worries

Posted: 31 Mar 2011 06:58 PM PDT

Asian stock markets were mixed, with the Tokyo market remaining under pressure amid continued uncertainty about the outlook for corporates in the aftermath of last month's earthquake.

Theaters, Studios at Odds Over Reported DirecTV Deal

Posted: 31 Mar 2011 06:52 PM PDT

Movie-theater owners responded with outrage to a report that four Hollywood studios signed on with a new video-on-demand proposition from DirecTV, offering movies to rent only 60 days after being released in theaters.

BMW to Invest in App Start-Ups

Posted: 31 Mar 2011 06:14 PM PDT

BMW plans to invest millions in smartphone-application start-ups in hopes that it will help the auto maker sell cars in the future to new urban customers.

Rajaratnam Defense Presses Smith

Posted: 31 Mar 2011 05:59 PM PDT

Rajaratnam's lawyers pressed a former Galleon employee on his claims that he passed along inside information to the one-time hedge-fund mogul.

Vale Confirms CEO to Be Replaced

Posted: 31 Mar 2011 08:44 PM PDT

Brazil's Vale, the world's largest exporter of iron ore, confirmed that embattled CEO Roger Agnelli will be replaced when his current contract expires in the coming weeks.

AMR, JAL Forge a Partnership

Posted: 31 Mar 2011 06:04 PM PDT

AMR's American Airlines and Japan Airlines will formally launch a trans-Pacific alliance on Friday.

Google Loses Ground in China

Posted: 31 Mar 2011 08:28 PM PDT

A year after Google moved its search services out of China in a feud with Beijing, the Internet giant is struggling to maintain traction on a range of businesses in the country.

Fed Kept Taps Open for Banks in Crisis

Posted: 31 Mar 2011 07:21 PM PDT

One of the biggest secrets of the financial crisis was revealed when the Federal Reserve disclosed thousands of pages of data showing heavy discount-window borrowing by foreign banks, regional U.S. banks and institutions fighting for survival.

Spending Talks Stir Unease

Posted: 31 Mar 2011 09:04 PM PDT

Republican leaders began laying the groundwork to win conservative House members' support for a potential spending deal that could cut significantly less in 2011 than the $61 billion GOP lawmakers want.

Quarterly Net Will Reflect Quake

Posted: 31 Mar 2011 08:58 PM PDT

The Japanese earthquake and tsunami will have a modest impact on first quarter U.S. corporate earnings, but the tragedy's effects pose new strains on an economic recovery.

AIG Shakes Up Leadership at Property-Casualty Unit

Posted: 31 Mar 2011 05:59 PM PDT

AIG shook up the leadership of its property-and-casualty insurance unit and named a new CEO for the business, part of the insurer's efforts to present itself as a new company ahead of its large stock offering.

Toyota to Boost U.S. Prices

Posted: 31 Mar 2011 03:19 PM PDT

Toyota Motor will raise U.S. prices on most of its vehicles by up to 2.2% beginning in May.

Magna's Stronach to Step Down as Chairman

Posted: 31 Mar 2011 02:59 PM PDT

Magna International founder Frank Stronach is stepping down as chairman but will remain on the board of the giant auto-parts maker.

GameStop Bulks Up on the Web

Posted: 31 Mar 2011 03:01 PM PDT

GameStop has reached agreements to acquire two companies to bolster its online strategy, as the largest retailer of videogames seeks to navigate a potentially treacherous move into electronic distribution of games.

Colombia 'Optimistic' on U.S. Trade Deal

Posted: 31 Mar 2011 01:21 PM PDT

Colombian President Juan Manuel Santos told U.S. business leaders in Bogotá Wednesday that he has "reasons to be optimistic" that a deal on a long-stalled U.S.-Colombia trade pact is in the offing.

Kremlin Orders Ministers Off Corporate Boards

Posted: 31 Mar 2011 11:33 AM PDT

The Kremlin has ordered Deputy Prime Minister Igor Sechin, chairman of Rosneft, and other ministers to stand down from the boards of state companies before annual shareholder meetings in June.

Pfizer, Glaxo Disclose Fees to U.S. Doctors

Posted: 31 Mar 2011 12:01 PM PDT

Pfizer paid $177 million and GlaxoSmithKline paid $85 million during 2010 to U.S. doctors and institutions for their work on clinical trials, consulting, speaking and other items.

Live Nation Bids for Warner Labels

Posted: 31 Mar 2011 04:59 PM PDT

Live Nation is bidding to buy Warner Music's record label, a move that could combine a recorded-music giant with the biggest concert promoter, artist-management firm and events-ticketing operation.