"Wallstreet" Reader

"Wallstreet" Reader

Fed's Next Moves Spark Debate

Posted: 01 Apr 2011 03:38 PM PDT

As the U.S. economy slowly improves, battle lines are being drawn at the Fed for the coming debate about when and how to tighten the central bank's easy monetary policy.

Pay Czar Freezes GM, AIG CEO Salaries

Posted: 01 Apr 2011 05:18 PM PDT

Taxpayers won't foot the bill for raises for the chief executives at any of the four firms—GM, Chrysler, AIG, Ally Financial—still receiving assistance under the federal bank bailout.

Mixed Signals Marked Sokol Meeting

Posted: 01 Apr 2011 07:45 PM PDT

When bankers from Citigroup met David Sokol to talk about potential transactions, they thought they were dealing with him as a senior executive of Berkshire Hathaway, not as a high-powered individual investor.

Transocean Cites Safety in Bonuses

Posted: 01 Apr 2011 04:14 PM PDT

Transocean had its "best year in safety performance" despite the explosion of its Deepwater Horizon rig that left 11 dead and oil gushing into the Gulf of Mexico, the world's largest offshore-rig company said in a securities filing Friday.

U.S. Manufacturing Still Expanding

Posted: 01 Apr 2011 03:22 PM PDT

The U.S. manufacturing sector remained in expansion mode, according to ISM data, but it slowed slightly as price pressures increased.

Ford CEO Mulally Receives $26.5 Million

Posted: 01 Apr 2011 03:12 PM PDT

Ford paid CEO Alan Mulally more than $26.5 million in salary and stock compensation last year, one of the auto maker's most profitable years ever.

Foreclosure-Prevention Plans Show Limited Impact

Posted: 01 Apr 2011 03:31 PM PDT

Two pieces of the Obama administration's foreclosure-prevention plan have assisted fewer than 30,000 borrowers, according to data, adding to mounting evidence that the program has done little to turn around the foreclosure crisis.

Banks Begin Trading Onshore Yuan Options

Posted: 01 Apr 2011 11:52 AM PDT

Trading of China's first onshore yuan foreign-exchange options began Friday, marking a long-awaited launch of the derivatives product as Beijing relaxes restrictions on its currency.

U.S. Corn Futures Surge

Posted: 01 Apr 2011 01:14 PM PDT

U.S. corn prices settled at their highest level since the food crisis of 2008 as a decline in inventories reported this week continued to fuel supply concerns.

Time Warner Cable Adds Networks to iPad App

Posted: 01 Apr 2011 07:28 PM PDT

Time Warner Cable added 17 channels, including ESPN News, QVC and CSPAN, to its application that beams live TV to iPads, just a day after removing a dozen other channels amid a programming dispute.

Parmalat Delays Meeting to Buy Time

Posted: 01 Apr 2011 09:01 AM PDT

Parmalat board's decision to postpone its shareholders meeting to the end of June marks the beginning of a cross-border battle, as the Italian government and banks scramble to devise a plan to keep the company in Italian hands.

U.N. Workers Killed in Quran Protests

Posted: 01 Apr 2011 09:59 AM PDT

A frenzied mob, inflamed by reports of Quran burning in Florida, Friday overran the United Nations office in northern Afghanistan's main city, in an attack that resulted in the killing of at least 20 people, including foreigners.

Prosecutors Seek to Block Witness in Galleon Trial

Posted: 01 Apr 2011 07:12 PM PDT

A finance professor is expected to testify in support of Raj Rajaratnam's argument that his trading was based on a "mosaic" of research and publicly available information, not inside tips.

Lawsuit Against Freddie Gets Dismissed

Posted: 01 Apr 2011 09:15 AM PDT

A federal judge dismissed a lawsuit filed by two pension funds that claimed Freddie Mac executives had misled shareholders about its growing exposure to riskier types of home loans in the run-up to the firm's government takeover.

Icahn, Dish Submit Bids for Blockbuster

Posted: 01 Apr 2011 08:03 PM PDT

Dish Network and investor Carl Icahn are among the bidders that have submitted offers for Blockbuster ahead of a bankruptcy court auction set for next week.

March U.S. Auto Sales Climb 17%

Posted: 01 Apr 2011 07:53 PM PDT

Powered by an improving economy, U.S. auto sales rose 16.9% in March with Chrysler, Nissan and Ford leading the industry's gains.

Beijing's Price Fears Stay Unilever's Hand

Posted: 01 Apr 2011 07:55 PM PDT

Ramping up efforts to rein in inflation that has fueled widespread public discontent, China is pressuring companies that sell food and daily necessities—including global giant Unilever—to avoid price increases.

Twenty Quit UBS German Private Bank

Posted: 01 Apr 2011 07:17 AM PDT

UBS said roughly 20 staff have left its German private banking arm, reportedly for the Bad Homburg-based Harald Quandt Trust, which manages the money of the wealthy Quandt family.

American Apparel Posts Loss

Posted: 01 Apr 2011 07:47 AM PDT

American Apparel swung to a fourth-quarter loss on store-closure expenses and weak sales and reiterated doubts about its ability to continue as a going concern.

Hiring Shows Growing Strength

Posted: 01 Apr 2011 07:53 PM PDT

The American job market is starting to show some muscle. The U.S. created 216,000 jobs in March as the private sector added 230,000 jobs, offset in part by continued cuts by local governments.