"Wallstreet" Reader

"Wallstreet" Reader

Hulu Plus Garners One Million Subscribers

Posted: 04 Apr 2011 07:56 PM PDT

Hulu's paid video service, Hulu Plus, will surpass one million subscribers in 2011, marking the first time the company has released stats about its premium service.

Asian Stocks Rise Modestly

Posted: 04 Apr 2011 07:25 PM PDT

Most Asian stock markets were modestly higher, though the lack of a resolution to Japan's nuclear crisis pushed Tokyo down 0.6%.

Siemens' Business Surges in Iran

Posted: 04 Apr 2011 05:36 PM PDT

Siemens' existing contracts in Iran underscore how international efforts to curb Tehran's nuclear ambitions have had only limited impact on the state's ability to draw on the technology and expertise it needs to maintain its broader infrastructure.

Vale's Core Shareholders Name New Chief

Posted: 04 Apr 2011 07:12 PM PDT

Shareholders of iron ore producer Vale chose a former executive to replace the current chief, who is being forced out after a struggle with the Brazilian government.

Former Gucci Employee Charged in Hacking Case

Posted: 04 Apr 2011 05:58 PM PDT

A former Gucci America computer network engineer was charged with remotely taking over the company's computers, shutting down servers and deleting emails, Manhattan prosecutors said.

Guilty Plea Ends Tale of Redemption

Posted: 04 Apr 2011 07:16 PM PDT

Barry Minkow, who served seven years in prison and emerged as a Christian pastor and a stock-fraud investigator, may find himself behind bars again after pleading guilty to conspiracy to commit stock fraud.

New Fee Shakes Up a Lending Market

Posted: 04 Apr 2011 04:36 PM PDT

The money market has been roiled by a sudden shortage of Treasury securities, another unintended consequence of government involvement in financial markets.

China's Huawei Is Finalist for U.S. Cellular Job

Posted: 04 Apr 2011 04:46 PM PDT

Chinese telecom-gear maker Huawei Technologies is a finalist for a contract to build out the fourth-generation wireless network for U.S. Cellular Corp.

Spirit Rebound Spurs Deals

Posted: 04 Apr 2011 06:12 PM PDT

The deals market is back in a big way as new mergers popped up across the globe, showing a renewed confidence by corporate executives and private-equity firms—many in the developing nations of Asia.

Google Executive to Step Down

Posted: 04 Apr 2011 04:12 PM PDT

Jonathan Rosenberg, a senior Google executive who oversaw the development of consumer and business products, said he would resign.

BOJ Considers Quake Response

Posted: 04 Apr 2011 05:38 PM PDT

As Bank of Japan officials eye a new bank-lending program aimed at areas hard hit by disaster, bolder steps to stimulate the broader economy appear to be off the table for the coming policy meeting Wednesday and Thursday.

American Airlines Ends Spat With Expedia

Posted: 04 Apr 2011 02:47 PM PDT

American Airlines reached an agreement with online travel agent Expedia to restore the carrier's fares after a dispute kept them off the site for months.

Texas Instruments Buys Age-Old Rival

Posted: 04 Apr 2011 05:28 PM PDT

Chip maker Texas Instruments said it will buy rival National Semiconductor for about $6.5 billion in cash, combining two big makers of chips used in cellphones, industrial equipment and consumer electronics.

Vodafone Turns Back to Existing Assets

Posted: 04 Apr 2011 04:46 PM PDT

Vodafone's deal to sell a minority stake in French telecom SFR to Vivendi will put increasing focus on what assets remain, in particular Vodafone's 45% stake in U.S. mobile giant Verizon Wireless.

IMF Chief: 'Black Swans' Still Haunt Global Finance

Posted: 04 Apr 2011 12:51 PM PDT

The global economic recovery is still fragile, uneven and "beset by great uncertainty," the head of the International Monetary Fund said.

Brent Crude Tops $120

Posted: 04 Apr 2011 01:11 PM PDT

Oil futures settled at their highest levels in more than two years, with Brent crude surpassing $120 a barrel, as a drawn-out fight in a Libyan oil town squashed hopes that the conflict might end soon.

Blockbuster Auction Draws Liquidators

Posted: 04 Apr 2011 03:49 PM PDT

A team of liquidators is among those competing in Blockbuster's bankruptcy-court auction, with a plan to close the movie-rental chain's remaining U.S. stores.

SEC Probes Backdoor Mergers

Posted: 04 Apr 2011 02:26 PM PDT

The SEC is investigating the "disturbing trend" of Chinese and other companies registered through backdoor mergers with dormant shell companies.

'Net Neutrality' Suits Rejected

Posted: 04 Apr 2011 04:11 PM PDT

A federal appeals court tossed out two phone-company lawsuits challenging the FCC's new "net neutrality" rules, saying that the suits were filed too early.

U.S. Probes Privacy of Smartphone Apps

Posted: 04 Apr 2011 07:12 PM PDT

Federal prosecutors are investigating whether smartphone applications illegally obtained or transmitted information about their users without proper disclosures.