"Wallstreet" Reader

"Wallstreet" Reader

Buffett's Policies Went Unheeded

Posted: 05 Apr 2011 07:36 PM PDT

Warren Buffett warned Berkshire Hathaway's top employees last year against trading in shares of companies in which Berkshire might invest—the very issue that now is dogging the conglomerate.

ADB Warns on Inflation

Posted: 05 Apr 2011 07:37 PM PDT

Asian policy makers need to make tackling inflation through preemptive action a priority, the Asian Development Bank said, warning that several central banks may be behind the curve.

Borders to Detail Business Plan

Posted: 05 Apr 2011 06:48 PM PDT

Borders Group plans to tell publishers and landlords it has achieved major cost savings and that it will move out of its Ann Arbor, Mich., headquarters for cheaper office space in the greater Detroit metro area.

BP to Face Investors' Wrath

Posted: 05 Apr 2011 05:42 PM PDT

BP is expected to face a wave of investor ire at its annual shareholder meeting next week, over everything from its safety practices to its policy on executive pay.

Cephalon Rejects Valeant's $5.7 Billion Bid

Posted: 05 Apr 2011 06:16 PM PDT

Cephalon's board rejected Valeant Pharmaceuticals International's $5.7 billion takeover offer, saying the proposal "significantly undervalues" the biopharmaceutical company.

KKR, Chen Launch Offer for Yageo

Posted: 05 Apr 2011 06:30 PM PDT

Kohlberg Kravis Roberts & Co. and the founder of Taiwan's Yageo Corp. launched an offer to acquire 100% of the electronics-components company for about $1.6 billion.

Estrogen's Effects Tied to Age

Posted: 05 Apr 2011 05:20 PM PDT

A new study sends complex signals about the effects of the hormone estrogen on women who have had hysterectomies, with those who started therapy in their 70s experiencing "potential harm" while women in their 50s didn't.

Illinois Tracks Money in Currency Trades

Posted: 05 Apr 2011 06:58 PM PDT

The head of the Illinois investment board is trying to understand and control currency trading costs amid heightened scrutiny by regulators into the $4 trillion-a-day foreign-exchange market.

Related to Buy Fannie Apartment Stake

Posted: 05 Apr 2011 07:03 PM PDT

The real-estate company controlled by Stephen Ross would purchase a 25% interest in the properties valued at about $300 million.

German Banks Seek Permission to Raise Capital

Posted: 05 Apr 2011 04:45 PM PDT

Germany's largest commercial banks are expected to seek shareholder approval to raise billions of euros in capital, in the latest sign that Europe's banks are seeking to shore up their balance sheets in anticipation of a tougher regulatory environment.

Cast-Off Car Brands Find Road Back

Posted: 05 Apr 2011 04:56 PM PDT

In the auto industry's long line of jettisoned brands, few have lived to see a better day. But for Jaguar Land Rover, getting dumped by Ford has given way to a sales renaissance under Tata Motors.

Choppy Countdown to Nasdaq Rebalancing

Posted: 05 Apr 2011 07:00 PM PDT

Managers that closely follow the Nasdaq-100 index will be forced to buy and sell stocks to mimic the rebalancing of the index until the final minutes of trading before the changes take effect May 2.

IMF Reverses Course on Capital Controls

Posted: 05 Apr 2011 07:34 PM PDT

In a policy reversal, the International Monetary Fund endorsed the use of controls on international cash inflows.

Transocean Executives to Donate Bonuses

Posted: 05 Apr 2011 05:10 PM PDT

Senior executives at Transocean said they will donate their bonuses received based on the rig-owner's safety performance last year to the families of victims of the company's Deepwater Horizon explosion in the Gulf.

SEC Unveils 'Limit' Curbs to Prevent Repeat of 'Flash Crash'

Posted: 05 Apr 2011 04:09 PM PDT

U.S. stock exchanges have proposed permanent safeguards to prevent the type of wild price swings in stocks that occurred during last year's "flash crash," the Securities and Exchange Commission said.

Fiat Poised to Own 30% of Chrysler

Posted: 05 Apr 2011 02:48 PM PDT

Italy's Fiat is on track to increase its stake in Chrysler by the end of this month to 30% from 25% as the Detroit auto Maker nears two key sales goals.

Marriott Plans Hotel Expansion in India

Posted: 05 Apr 2011 03:08 PM PDT

Marriott plans to introduce its Fairfield Inn brand in India, part of a broader move by midtier U.S. hotel brands to try to tap into the country's growing middle class.

Brazil Takes Hand in Vale With CEO Ouster

Posted: 05 Apr 2011 05:37 PM PDT

Mining giant Vale's choice for its new chief executive—a former executive considered the government's pick—appears to give Brazilian President Dilma Rousseff greater control over the world's largest iron-ore producer.

Alberta to Set New Oil-Sands Rules

Posted: 05 Apr 2011 05:20 PM PDT

The Alberta government said it intends to set new environmental standards for areas affected by Canada's vast and growing oil-sands production in the west of the country.

Verizon Pays $93.5 Million Fine to U.S.

Posted: 05 Apr 2011 12:20 PM PDT

Verizon paid the U.S. $93.5 million to resolve allegations the company overcharged the government on invoices dealing with voice and data telecommunications services contracts.