"Wallstreet" Reader

"Wallstreet" Reader

Fed Plays Down Inflation

Posted: 11 Apr 2011 07:19 PM PDT

Top Fed officials sent a clear signal that the Fed is unlikely to follow the ECB in lifting interest rates from rock-bottom levels soon, playing down the idea that soaring commodity prices will lead to broader inflation.

Fresh Nuclear Concerns Dent Tokyo

Posted: 11 Apr 2011 06:41 PM PDT

Asian stock markets were mostly lower, as sentiment was subdued on global growth concerns, while renewed worries about Japan's nuclear crisis hurt Tokyo stocks. The Nikkei was down 1.1%.

Critical Signs in Foreclosure Talks

Posted: 11 Apr 2011 05:48 PM PDT

Hopes are fading for a far-reaching settlement between regulators and banks over improper home foreclosures as some regulators press ahead to reach their own settlements with banks that others involved in the talks deem weak.

Alcoa Swings to Profit

Posted: 11 Apr 2011 04:45 PM PDT

Aluminum maker Alcoa swung back to a profit in the first quarter, due to improved sales and higher prices in most major markets, and plans to increase production in the first half as prices are expected to continue to rise.

Oil-Sands Pipeline Fuels Concern

Posted: 11 Apr 2011 03:52 PM PDT

While Canadian regulators are tightening environmental oversight of oil-sands production in Alberta, American environmentalists and some U.S. mayors are campaigning against what they see as another potential threat from Canadian oil: pipeline corrosion.

Exchange Gives Peek at China Copper Stocks

Posted: 11 Apr 2011 06:45 PM PDT

The Shanghai Futures Exchange is quietly testing a program that would allow copper futures to be backed by stockpiles from two bonded warehouses, giving a first glimpse into how much metal actually lies behind the warehouses' doors.

Buyout Shops Move to Kill Registration Requirement

Posted: 11 Apr 2011 02:47 PM PDT

Private-equity firms are making a last-ditch bid to halt a registration requirement in the Dodd-Frank financial-regulation law.

Toyota's Shortage to Linger

Posted: 11 Apr 2011 04:40 PM PDT

Toyota warned its U.S. dealers that the supply of new vehicles could become "significantly impacted" by the summer because of the quake.

Intel Tries to Crack Tablet Market

Posted: 11 Apr 2011 05:38 PM PDT

Intel is launching a new set of chips specifically designed for tablet-style devices as the chip giant aims to make a dent in the fast-moving tablet market, a field now dominated by chip designs licensed by ARM Holdings.

Monte Paschi to Raise Capital

Posted: 11 Apr 2011 12:56 PM PDT

Banca Monte dei Paschi di Siena, the world's oldest existing bank, said the board of directors approved a capital increase of up to $3.57 billion to further strengthen its capital ratios, in line with some of its biggest competitors in Italy.

N.Y. Man Admits Role in Insider-Trading Case

Posted: 11 Apr 2011 06:35 PM PDT

A New York man, whose stock trading led to the discovery of one of the biggest insider-trading cases ever uncovered, pleaded guilty to criminal charges in relation to the alleged scheme on Monday.

Renault's No. 2 Executive Quits

Posted: 11 Apr 2011 06:22 PM PDT

Patrick Pélata resigned as Renault's chief operating officer, as the French car maker attempted to close the book on an embarrassing episode in which it falsely accused and wrongfully fired three senior managers for alleged corporate espionage.

Galleon Opens Defense on Attack

Posted: 11 Apr 2011 05:33 PM PDT

Lawyers for Galleon Group founder Raj Rajaratnam launched their defense, calling two witnesses at the insider-trading trial in a bid to discredit the testimony of a former employee.

IMF: Price Rises Sap Global Recovery

Posted: 11 Apr 2011 06:15 PM PDT

Rising commodity prices are posing risks to the global recovery just as many nations are grappling with government debt and wounds from the financial crisis, the International Monetary Fund said Monday.

Ivory Coast's Gbagbo Is Captured

Posted: 11 Apr 2011 07:10 AM PDT

Forces loyal to Ivory Coast's elected president Alassane Ouattara have seized strongman Laurent Gbagbo from his residence, bringing to a head a protracted conflict between two presidential rivals that had tilted the world's largest cocoa producer toward civil war.

Japan Broadens Evacuation Zone

Posted: 11 Apr 2011 06:09 AM PDT

A magnitude-7.1 aftershock struck Japan, briefly disrupting cooling efforts at the damaged Fukushima plant. Separately, officials broadened the evacuation zone around the plant, citing long-term radiation exposure.

Level 3 to Buy Global Crossing

Posted: 11 Apr 2011 05:05 PM PDT

Level 3 Communications is buying rival Global Crossing for about $1.9 billion in a merger of two former high-flying companies that have struggled to soak up the glut in fiber-optic lines despite a surge in Internet traffic.

Fiat CEO: Chrysler Stake to Grow

Posted: 11 Apr 2011 08:51 AM PDT

Fiat's chief executive said he expects the Italian car maker to raise its stake in U.S. partner Chrysler Group to 30% from 25% as early as Tuesday.

Portugal Opposition Demands Voice on Aid

Posted: 11 Apr 2011 06:13 PM PDT

Portugal's main opposition leader and front-runner for the prime ministerial post said the next government should be given the option to negotiate some of the country's austerity measures.

Blue Chips Inch Up

Posted: 11 Apr 2011 01:19 PM PDT

U.S. blue-chip stocks eked out a slim gain, but other market measures fell slightly, as investors traded cautiously ahead of the first-quarter corporate-earnings season.