"Wallstreet" Reader

"Wallstreet" Reader

Asian Shares Fall; Nuclear Woes Hobble Tokyo

Posted: 13 Apr 2011 07:07 PM PDT

Asia was lower, with the nuclear crisis in Japan continuing to weigh on Tokyo shares. The Singapore dollar briefly hit a record high against the greenback after Singapore's central bank tightened monetary policy.

Singapore Tightens Monetary Policy

Posted: 13 Apr 2011 05:57 PM PDT

Singapore tightened monetary policy and posted a sharp acceleration in economic growth, pushing the local currency up to a record high against the U.S. dollar.

Senate Report Lays Bare Mortgage Mess

Posted: 13 Apr 2011 06:02 PM PDT

The report shows Wall Street in gritty, day-to-day detail, angling to profit from a booming mortgage market, and then scrambling to cope with its collapse.

Barry Bonds Guilty of Obstructing Justice

Posted: 13 Apr 2011 04:57 PM PDT

A federal jury found baseball's Barry Bonds guilty of obstruction of justice for allegedly lying to a grand jury in 2003. The jury failed to reach a verdict on three other counts.

American Air Sues Travelport, Orbitz

Posted: 13 Apr 2011 04:13 PM PDT

American Airlines escalated its dispute with some key ticket sellers, suing Travelport and Orbitz Worldwide for damages and seeking a permanent injunction against alleged anticompetitive practices.

PC Shipments Fell in First Quarter

Posted: 13 Apr 2011 03:52 PM PDT

Global shipments of personal computers declined for the first time since the end of the recent recession, as consumers remained more attracted to tablets and business spending was still muted.

Loonie Hinders Canadian Manufacturers

Posted: 13 Apr 2011 04:19 PM PDT

Canada's quickly rising dollar has squeezed the country's manufacturing sector, which is scrambling to stay competitive.

Lower Reserves Drive J.P. Morgan Profit

Posted: 13 Apr 2011 05:30 PM PDT

J.P. Morgan Chase posted strong quarterly results as profit rose 67%, but the bank still is struggling to boost revenue amid sluggish loan growth and mounting mortgage costs.

Apple Browser Gets Do-Not-Track Tool

Posted: 13 Apr 2011 04:34 PM PDT

Apple has added a do-not-track privacy tool to a test version of its latest Web browser for keeping customers' online activities from being monitored by marketers.

Nokia, Siemens Consider JV Stake Sale

Posted: 13 Apr 2011 04:32 PM PDT

Nokia and Siemens are grappling with the future of their telecom-equipment joint venture, and are exploring options as private-equity firms renew interest in the company.

Ferragamo Takes Step Toward IPO

Posted: 13 Apr 2011 05:55 PM PDT

Luxury-goods company Ferragamo said it presented its request to list its shares on the Italian stock exchange, a person familiar with the matter said.

To Sweeten Deal, NYSE Considers a Dividend

Posted: 13 Apr 2011 05:13 PM PDT

The New York Stock Exchange went on the offensive, telling shareholders it was considering paying a special dividend to entice them to support its pending deal with Deutsche Börse, a person familiar with the matter said.

Web Advertising Eclipses Newspapers

Posted: 13 Apr 2011 02:29 PM PDT

Spending on U.S. Internet ads rose 15% to $26 billion last year, outpacing traditional media and surpassing newspaper ad revenue for the first time.

Dynegy Hires Advisers in Bid to Avoid Bankruptcy Court

Posted: 13 Apr 2011 03:17 PM PDT

Power generator Dynegy has hired White & Case and Lazard as restructuring advisers in an effort to reorganize its debt and avoid a bankruptcy filing.

Virtual-Goods Company Hires Bankers

Posted: 13 Apr 2011 06:56 PM PDT

Nexon, an Asian games company that sells imaginary haircuts and battle armor online, is seeking to tap into the Web-financing boom and growing investor appetite for the lucrative virtual goods business.

Glencore IPO Will Pull Back the Veil

Posted: 13 Apr 2011 07:26 PM PDT

The initial public offering of shares in Glencore shines a spotlight on its secretive and lucrative partnership with Xstrata.

Fed Notes Economic Improvement

Posted: 13 Apr 2011 01:11 PM PDT

The U.S. economy continued to improve across all regions at the end of February and through March, the Fed said in its latest beige book report.

SEC Could Gain Authority to Regulate Muni Disclosure

Posted: 13 Apr 2011 02:28 PM PDT

A key House Republican plans to introduce legislation to give the Securities and Exchange Commission authority to mandate the content and timeliness of financial disclosures that states and localities make to investors.

Banks Must Revamp Foreclosure Practices

Posted: 13 Apr 2011 04:23 PM PDT

U.S. regulators hit the nation's largest banks with a first round of sweeping penalties for improper home foreclosures, issuing detailed orders to revamp the way they deal with troubled borrowers.

U.S. Aims to Refute Claims on Galleon Trading

Posted: 13 Apr 2011 04:00 PM PDT

In hours of rapid-fire exchanges, federal prosecutors on Wednesday tried to undercut defense arguments that Galleon Group founder Raj Rajaratnam based his trading on legitimate research and publicly available documents.