"Wallstreet" Reader

"Wallstreet" Reader

Mortgage Worker to Enter Guilty Plea in Insider Case

Posted: 10 Apr 2011 07:31 PM PDT

A middleman who authorities say ferried information and payments between a lawyer and a trader accused of running a years-long insider-trading scheme is expected to plead guilty to criminal charges as early as Monday.

Portugal Retries for Aid Concensus

Posted: 10 Apr 2011 07:22 PM PDT

Portugal's caretaker government said it will make sure that all the country's opposition parties and the president are informed about the EU bailout talks while it assumes responsibility for leading the negotiations.

Steel Price Softens as Supply Solidifies

Posted: 10 Apr 2011 05:15 PM PDT

The world's steelmakers are increasing output despite softer demand, pushing down prices.

Icelanders Reject Deal to Repay U.K., Netherlands

Posted: 10 Apr 2011 02:58 PM PDT

For the second time, Icelanders voted down a deal to repay Britain and the Netherlands billions of euros lost in the island nation's 2008 financial collapse.

World Bank Shifts Focus to Security

Posted: 10 Apr 2011 05:01 PM PDT

The World Bank is calling for development organizations to place a new emphasis on improving police protection to halt the violence gripping dozens of poor nations.

Even Japan Inc. Looks Offshore

Posted: 10 Apr 2011 07:21 PM PDT

The economic impact of Japan's earthquake was obvious in first-day TV coverage. Much of that capacity will be restored, but some effects threaten to last as manufacturers wide diversify their supplies away from Japan. Among those looking offshore: Japanese companies themselves.

A Pulitzer Prize-Worthy Tactic to Escape Default

Posted: 10 Apr 2011 07:18 PM PDT

Newspaper chain Lee Enterprises is on the verge of saving itself from bankruptcy by selling junk bonds, and many of its debt holders are livid.

Brazilian President to Visit China on a Trade Mission

Posted: 10 Apr 2011 07:06 PM PDT

Brazilian President Dilma Rousseff is expected to voice the growing frustration that Brazil—like other developing nations—feels about its commercial relationship with China when she meets with President Hu Jintao this week.

EU Expects Spain Won't Follow Portugal

Posted: 10 Apr 2011 05:23 PM PDT

European Union finance ministers wrapped up their two-day meeting confident that Spain won't follow Portugal in seeking a financial bailout, stopping the spread of the region's sovereign debt crisis.

Warning Signs for Copper Market

Posted: 10 Apr 2011 07:46 PM PDT

Copper prices have almost quadrupled in a two-year rally, largely driven by the belief that China has an insatiable appetite. But evidence has surfaced of previously unreported copper stockpiles there.

Shell to Buy LNG Stake From Chevron

Posted: 10 Apr 2011 04:11 PM PDT

Royal Dutch Shell agreed to acquire a 6.4% stake in the proposed Wheatstone gas-export facility in Australia and an 8% interest in two gas fields from Chevron for an undisclosed amount.

Big Board Rejects Nasdaq

Posted: 10 Apr 2011 07:33 PM PDT

The board of NYSE Euronext issued a harsh rejection of the $11.3 billion unsolicited takeover bid led by Nasdaq, setting up a potentially awkward showdown between the Big Board and its own shareholders.

Debt Ceiling Is Next Battleground

Posted: 10 Apr 2011 10:29 AM PDT

Congressional Democrats and Republicans are still deeply divided over how to tackle the next big challenge: a vote to raise the federal debt ceiling.

Higher Commodity Prices Hit Beijing's Trade Figures

Posted: 10 Apr 2011 06:56 PM PDT

China on Sunday registered its first quarterly trade deficit in seven years, reflecting the rising prices of imported commodities and highlighting concerns that China's foundations of growth may be weakening.

Auto Sales Climb in China

Posted: 10 Apr 2011 04:05 PM PDT

Auto sales in China rose 5.4% in March, up from February's slowest growth rate in two years but still far below the year-earlier pace.

Ogilvy Bets on China Division

Posted: 10 Apr 2011 05:35 PM PDT

WPP's Ogilvy & Mather is launching a new China practice in an attempt to grab more advertising dollars from Chinese companies expanding overseas.

Environmental Concerns Delay Work at Reactors

Posted: 10 Apr 2011 08:48 AM PDT

Efforts to discharge radioactive water from the Fukushima Daiichi nuclear plant were delayed over the weekend as authorities focused on preventing further damage to the surrounding environment.

Fighting Flares Across Eastern Libya

Posted: 10 Apr 2011 01:59 PM PDT

A delegation of African leaders arrived in Tripoli for talks with Col. Moammar Gadhafi as he stepped up an offensive against rebels. Heavy fighting also raged around Ajdabiya as rebels struggled to keep control of a buffer zone protecting eastern strongholds.

Budget Deal Targets Pieces of Health-Care Law

Posted: 09 Apr 2011 11:41 PM PDT

The budget deal reached Friday would affect two initiatives contained in last year's health-care law that were bitterly opposed by businesses, killing one outright and slashing funding for the other.