"Wallstreet" Reader

"Wallstreet" Reader

Toyota to Curb Some Output in Europe

Posted: 12 Apr 2011 07:39 PM PDT

In its first output halt in Europe after the massive earthquake and tsunami in Japan, Toyota Motor Corp. said Wednesday that it will suspend five plants in the region from late April to early May due to a disruption in parts supplies from its home country.

Tata Says India Holds Company Back

Posted: 12 Apr 2011 06:02 PM PDT

Ratan Tata, chairman of India's best-known company, says bureaucracy and other obstacles are slowing growth at home.

Senators Offer Privacy Bill

Posted: 12 Apr 2011 06:15 PM PDT

Sens. John Kerry and John McCain proposed legislation that would establish a "privacy bill of rights" to protect people from the increasingly invasive commercial data-collection industry.

Agency's Top Spot Still Vacant

Posted: 12 Apr 2011 06:41 PM PDT

White House officials seeking someone to run the Consumer Financial Protection Bureau have so far failed to find a nominee, with several candidates rebuffing the administration's overtures.

AmEx Dials Up Mobile-Pay Plans

Posted: 12 Apr 2011 06:18 PM PDT

The credit-card issuer is expected to announce that it is the lead investor in a $19 million financing for a start-up that wants consumers to pay for purchases using mobile phones.

BP Races to Save Rosneft Deal

Posted: 12 Apr 2011 06:38 PM PDT

Scrambling to salvage its planned deal with Russian state oil company Rosneft, BP is weighing possibly selling its 50% stake in its existing Russian venture, TNK-BP.

Oregon Surgeon Barred From Operating

Posted: 12 Apr 2011 04:02 PM PDT

A Portland, Ore., neurosurgeon who performed multiple spinal fusions on the same patients lost his operating privileges at the hospital where he did many of his surgeries and is under investigation by the Oregon Medical Board.

Deutsche Bank Maneuvers Around New Capital Rules

Posted: 12 Apr 2011 05:52 PM PDT

The German lender plans to restructure its U.S. operations, which would allow it to operate with a thinner capital cushion than the Dodd-Frank Act envisioned.

Allianz: EU Needs a Bond Insurer

Posted: 12 Apr 2011 06:39 PM PDT

German insurer Allianz, one of Europe's biggest investors, is urging the region's leaders to establish an EU-sponsored bond insurer to help fiscally weaker countries that have been shut out of capital markets attract fresh funding.

Detroit Auto Makers Hit by Rail Shipment Delays

Posted: 12 Apr 2011 02:31 PM PDT

Detroit's auto makers are struggling with rail shipping woes that are stalling deliveries of finished vehicles by as much as several weeks.

U.S. Warns Two Mines on Safety

Posted: 12 Apr 2011 01:55 PM PDT

Federal mine safety officials placed two coal mines in Kentucky and West Virginia on notice that they could be shut down for any future safety violations, using for the first time an enforcement tool that has been on the books for more than 30 years.

Lehman Puts Equity Stakes on Block

Posted: 12 Apr 2011 01:56 PM PDT

Lehman Brothers' bankruptcy estate is preparing to put its equity stake in about 10 of its projects with developer LCOR on the block, and the buyer would also likely become LCOR's financial partner in future developments.

New Details in Suit Over Facebook

Posted: 12 Apr 2011 06:39 PM PDT

Paul Ceglia amended his lawsuit against Mark Zuckerberg, saying he is entitled to half of the Facebook co-founder's equity in the company and providing purported emails from Zuckerberg to support his suit.

Forex Recruits Find There's Money to Be Made in Forex

Posted: 12 Apr 2011 01:50 PM PDT

Banks like Morgan Stanley and Bank of America Merrill Lynch are ramping up their foreign-exchange operations, hiring more senior bankers and salespeople to cash in on a boom in currency trading. Crisis-dented pay packages are driving some workers to follow the money.

Falling Commodities Spook Investors

Posted: 12 Apr 2011 06:14 PM PDT

Global markets tumbled Tuesday, dragged down by rising concern that the high cost of raw materials is eating into tight business and household budgets and undercutting prospects for economic growth.

Citigroup Loses Municipal Bond Case

Posted: 12 Apr 2011 06:25 PM PDT

Citigroup has been ordered to pay $54.1 million to two wealthy investors for losses they suffered on a series of risky municipal bond funds that lost 77% of their value in the midst of the financial crisis.

Phone Makers Push Beyond Apps

Posted: 12 Apr 2011 05:39 PM PDT

HTC released its first smartphone, the HTC Sensation 4G, that comes with the company's own video service, an example of handset makers building on their content and services to differentiate their devices.

A Fed Window Closes for Some Banks

Posted: 12 Apr 2011 06:45 PM PDT

The Federal Reserve may be the lender of last resort, but not, it turns out, for banks on the brink of insolvency. The primary determinant for the central bank is one of "liquidity" versus "solvency."

More Big Holders to Oppose BP

Posted: 12 Apr 2011 11:23 AM PDT

Two more big shareholders of U.K. oil giant BP said they will vote against management at the company's annual general meeting this Thursday in protest of BP's handling of the Gulf of Mexico oil spill.

Risk Rule Riles Main Street

Posted: 12 Apr 2011 06:25 PM PDT

A range of U.S. firms are balking at a new rule they fear would drive up the cost of hedging against price swings in commodities they depend upon, renewing a debate over the scope of derivatives regulation.