"Wallstreet" Reader

"Wallstreet" Reader

Japan Partnership Creates Losses for Morgan Stanley

Posted: 15 Apr 2011 07:33 PM PDT

Big losses at a Tokyo joint venture between Morgan Stanley and MUFG, Japan's largest bank, highlight lingering problems in risk management.

U.K. Court Sees Raft of Phone-Hacking Cases

Posted: 15 Apr 2011 05:36 PM PDT

At a London court hearing to decide how to manage the large number of lawsuits against News Corp.'s U.K. newspaper unit, a judge suggested testing about four cases in a trial that could begin at the end of this year or early next.

CBS CEO Pay Rises to $57.7 Million

Posted: 15 Apr 2011 05:31 PM PDT

CBS Corp. Chief Executive Les Moonves received compensation for 2010 valued at about $57.7 million, up by about a third from his compensation for the previous year.

Bank Titan In Turmoil as Revival Is Elusive

Posted: 15 Apr 2011 07:08 PM PDT

A failure to stem nagging problems dating from the financial crisis is roiling the executive suite of the nation's biggest bank. Bank of America is speeding up the exit of its CFO as profits dropped 36% and revenue fell 16%.

J&J in Talks to Buy Synthes

Posted: 15 Apr 2011 07:10 PM PDT

Johnson & Johnson is in talks to buy U.S.-Swiss medical-equipment maker Synthes in a deal that could be valued at around $20 billion. The deal would rank as one of the biggest health-care takeovers in recent years.

Papa John's Co-CEO Resigns

Posted: 15 Apr 2011 04:02 PM PDT

Papa John's International Inc. said President and co-Chief Executive J. Jude Thompson resigned from the pizza-restaurant chain.

Nasdaq: Amex Can Go if Needed

Posted: 15 Apr 2011 05:44 PM PDT

Nasdaq OMX said it would be open to selling NYSE Euronext's American Stock Exchange division if the move would help secure antitrust approval for its planned purchase of the Big Board operator.

Shell Expects to Drill in Alaska's Arctic in 2012

Posted: 15 Apr 2011 01:33 PM PDT

Royal Dutch Shell PLC expects to start drilling in Alaska's Arctic waters in the summer of next year and have in place an oil-containment system specifically designed for the area ready at the same time, the head of the company's U.S. operations said Friday.

Views Differ on Yuan's Global Role

Posted: 15 Apr 2011 06:44 PM PDT

Sharply divergent views on the potential role of the Chinese yuan as a reserve currency emerged at the Boao business meeting in China.

China Partly Lifts Veil on GDP Data

Posted: 15 Apr 2011 06:28 PM PDT

China's publication of a new kind of GDP data brings it closer in line with the way other major economies report growth, but also exposes continuing problems with the quality of the nation's statistics, analysts said.

G-20 Sets Plan on Imbalances

Posted: 15 Apr 2011 07:40 PM PDT

G-20 officials inched forward with a plan to measure whether members are causing dangerous imbalances and subject seven of the world's largest economies to heightened scrutiny.

Stock Halt Tests Options Traders: Exercise or Let Expire?

Posted: 15 Apr 2011 01:35 PM PDT

Options traders who sunk money into puts and calls on little-known Puda Coal's stock have found themselves in financial limbo since the stock was halted this past week. The dilemma: Exercise into uncertainty or let expire?

Poker Sites Targeted in Crackdown

Posted: 15 Apr 2011 05:34 PM PDT

Eleven people, including the founders of three of the largest online poker companies doing business in the U.S., have been charged in the latest crack down on Internet gambling.

After Family Battle, New Leader for Ho's Empire

Posted: 15 Apr 2011 05:35 PM PDT

Angela Leong has emerged from a bruising fight with the other members of ailing casino magnate Stanley Ho's family to stand atop one of the world's most lucrative gambling empires.

Oil Gains On Data

Posted: 15 Apr 2011 12:28 PM PDT

Crude futures settled higher after U.S. economic data signaled consumers are growing more optimistic about the economy and costs for businesses and households rose only modestly last month.

Witness Cites Public Data in Galleon Case

Posted: 15 Apr 2011 05:24 PM PDT

A finance professor was called to bolster defense arguments that Galleon Group founder Raj Rajaratnam's trades were based on a "mosaic" of research and publicly available information.

Wells Fargo Used Abusive Tax Shelters

Posted: 15 Apr 2011 02:23 PM PDT

A U.S. appeals court ruled Well Fargo wrongly claimed $115 million in tax deductions for the 2002 tax year from transactions the court called "abusive tax shelters."

Chrysler Nears $7 Billion Debt Sale

Posted: 15 Apr 2011 11:08 AM PDT

Chrysler is in talks with a group of Wall Street underwriters to sell about $7 billion in new debt and will use the proceeds to replay high-interest government loans.

Nintendo 3DS Bucks Games Slump

Posted: 15 Apr 2011 08:55 AM PDT

Nintendo and Sony posted strong stales of their newest videogame hardware despite weakness in overall U.S. game sales in March.

Apple Supplier Cirrus Logic Reports Production Problem

Posted: 15 Apr 2011 08:21 AM PDT

Shares of Cirrus Logic plunged Friday as the Apple supplier disclosed manufacturing problems with a new audio device that entered high-volume production last month.