"Wallstreet" Reader

"Wallstreet" Reader

Asia Mostly Higher; Exporters up in Tokyo on Weak Yen

Posted: 03 Apr 2011 06:54 PM PDT

Asian stock markets were mostly higher, with shares in Tokyo getting a lift from the yen's fall. Japan's Nikkei Stock Average was up 0.9%.

Making Facebook Ads More Buyer-Friendly

Posted: 03 Apr 2011 05:51 PM PDT

More than a dozen advertising agencies have sprouted up that aim to offer an easier way to buy ads on Facebook, whose cumbersome ad-buying systems have turned off several marketers.

Cause Unknown in Southwest Jet's Rupture

Posted: 03 Apr 2011 06:31 PM PDT

Officials haven't pinpointed the cause of a five-foot gash that opened in the fuselage of a Southwest Airlines jet, and the carrier said that it expects many of its oldest Boeing 737s to remain grounded for inspections.

Minmetals to Bid for Equinox Minerals

Posted: 03 Apr 2011 05:26 PM PDT

China's Minmetals Resources Ltd. said it intends to make a $6.5 billion offer for copper miner Equinox MInerals.

Doubts on AT&T Plan to Improve Spectrum

Posted: 03 Apr 2011 07:43 PM PDT

Some telecom executives and former FCC officials are skeptical that an AT&T purchase of T-Mobile is the best way to help solve a looming shortage of wireless spectrum.

Next Problem for Oil: Nigerian Elections

Posted: 03 Apr 2011 04:55 PM PDT

The civil war raging in Libya and unrest across the Middle East have pushed oil to triple digits in recent weeks. But the threat of elections in Nigeria disrupting the nation's 2.2 million barrels a day of crude output has barely factored into prices.

BP Seeks to Resume Drilling in the Gulf

Posted: 03 Apr 2011 07:15 PM PDT

BP is seeking permits to resume drilling in the Gulf of Mexico this summer, some 15 months after the Deepwater Horizon disaster.

Public-College Presidents Score Raises

Posted: 03 Apr 2011 04:54 PM PDT

Presidents of public universities collected a small raise in pay last year amid budget squeezes at most schools across the U.S.

IBM Researchers Develop Drug to Target MRSA

Posted: 03 Apr 2011 07:01 PM PDT

Researchers at International Business Machines said they developed a tiny drug, called a nanoparticle, that in test-tube experiments showed promise as a weapon against dangerous superbugs that have become resistant to antibiotics.

Coaching Urged for Executive Women

Posted: 03 Apr 2011 04:07 PM PDT

Inadequate career development has kept women from reaching the top ranks of the corporate ladder, according to a report set to be released Tuesday by management consulting firm McKinsey.

'Hop' Pots Top Spot

Posted: 03 Apr 2011 04:09 PM PDT

Universal Pictures' "Hop" had the No. 1 opening at the North American box office and what appeared to be the strongest debut of the year.

Random House Adds Videogame Partner

Posted: 03 Apr 2011 04:11 PM PDT

Random House and videogame producer THQ agreed to collaborate on original works that include graphic novels, electronic books and digital games.

New Way to Upgrade Air Control

Posted: 03 Apr 2011 03:57 PM PDT

ITT and a private-equity partner are preparing a $1.5 billion loan-guarantee fund to help upgrade the nation's air-traffic control system.

Ireland to Push for Better Bailout Terms

Posted: 03 Apr 2011 07:00 AM PDT

Irish Deputy Prime Minister Eamon Gilmore announced that he would seek to secure improved terms on Ireland's international bailout package.

Vivendi to Buy Out Vodafone Stake in SFR

Posted: 03 Apr 2011 06:28 PM PDT

Vivendi agreed to purchase Vodafone's 44% stake in telecom group SFR for $11.31 billion, allowing the company to take full control of its biggest cash generator.

No Relief in Sight for Muni-Bond Market

Posted: 03 Apr 2011 05:08 PM PDT

Last week concluded the slowest quarter for U.S. municipal-bond issuance in 11 years, and several bankers and investors say the outlook for supply and demand continues to be weak.

Fox Targets Hispanic Audience

Posted: 03 Apr 2011 03:53 PM PDT

Fox plans to form Fox Hispanic Media to target Hispanics. The unit will include a new family-oriented cable channel: Nat Geo Mundo, set to air in July.

No Relief in Sight for Muni-Bond Market

Posted: 03 Apr 2011 05:08 PM PDT

Last week concluded the slowest quarter for U.S. municipal-bond issuance in 11 years, and several bankers and investors say the outlook for supply and demand continues to be weak.

Powering Down in Japan

Posted: 03 Apr 2011 12:20 PM PDT

Japan relies heavily on nuclear plants to meet baseload electricity demand. In the event of a hot summer, there may only be enough power to supply three-quarters of demand. Shortfalls could last years.

Treasury Market Braces for Higher Interest Rates

Posted: 03 Apr 2011 10:11 AM PDT

While Federal Reserve officials openly feud over the right time to begin tightening monetary policy, Treasury investors are starting to lean with the hawks.