"Wallstreet" Reader

"Wallstreet" Reader

Egyptians Court Foes of the U.S.

Posted: 18 Apr 2011 07:39 PM PDT

Iran and Egypt's new government signaled they were moving quickly to thaw decades of frosty relations, worrying the U.S., Israel and Saudi Arabia that the overtures could upset the Mideast's balance of power.

Asia Lower on U.S. Outlook Warning

Posted: 18 Apr 2011 07:33 PM PDT

Asia was lower, dragged down by Wall Street's losses after ratings agency Standard & Poor's cut its outlook on U.S. government debt.

Ticketmaster to Tie Prices to Demand

Posted: 18 Apr 2011 06:09 PM PDT

Live Nation Entertainment's Ticketmaster said it plans to develop "dynamic pricing" systems that would adjust the cost of sports and concert tickets in response to demand.

U.S. Warned on Debt Load

Posted: 18 Apr 2011 07:58 PM PDT

A blunt warning Monday from Standard & Poor's about the U.S. government's mounting debt pushed stock markets lower and intensified political divisions in Washington about how best to tackle growing deficits.

Big U.S. Firms Shift Hiring Abroad

Posted: 18 Apr 2011 07:51 PM PDT

U.S. multinational corporations, the big brand-name companies that employ a fifth of all American workers, have been hiring abroad while cutting back at home, sharpening the debate over globalization's effect on the U.S. economy.

U.S. Hurries to Sell GM Stake

Posted: 18 Apr 2011 06:59 PM PDT

The U.S. government plans to sell a significant share of its remaining stake in General Motors this summer despite the stock's disappointing performance.

BP Comeback Is Sidetracked in Arctic

Posted: 18 Apr 2011 05:07 PM PDT

BP seemed to be making a textbook recovery from last year's Deepwater Horizon disaster—until its comeback was sidetracked in the Russian Arctic.

American Apparel Seeking Financing

Posted: 18 Apr 2011 06:39 PM PDT

American Apparel, the clothing manufacturer known for risqué advertising, is racing to seal a deal for up to $10 million in rescue financing to avoid a bankruptcy filing.

At Tribune, the Battle Expands

Posted: 18 Apr 2011 07:44 PM PDT

Former shareholders in the media company are bracing for a possible barrage of litigation aimed at clawing back more than $8 billion in payouts received in the company's ill-fated buyout.

Off-Label Use of Clot Drug Is Faulted

Posted: 18 Apr 2011 05:34 PM PDT

The use of a drug for the rare blood disorder hemophilia has soared in hospitals in the U.S. in the last decade, but nearly all of the growth has come from treatment of medical conditions for which the medicine has little proven benefit, researchers said.

Nissan Car Exports to Fall Sharply

Posted: 18 Apr 2011 05:51 PM PDT

Japanese auto maker Nissan is bracing for a big drop in the number of vehicles its exports to the U.S. this month and next as a result of production disruptions due to last month's earthquake and tsunami.

Twitter Looks to Widen Appeal

Posted: 18 Apr 2011 07:52 PM PDT

Twitter is taking steps to broaden the appeal of the well-known messaging service and is in talks to buy TweetDeck for about $50 million.

Debt Worries Weigh On Europe Bond Sales

Posted: 18 Apr 2011 07:24 PM PDT

Europe's government debt crisis was back in focus Monday amid fresh doubts that Greece can avoid a debt restructuring and concern about future Finnish opposition to euro-zone bailouts.

Weaker Dollar Aiding Sales

Posted: 18 Apr 2011 07:23 PM PDT

U.S. drug makers Pfizer and Eli Lilly are flying against some strong headwinds, including patent expirations and government imposed price cuts. But a weaker U.S. dollar is giving a lift to their first-quarter sales figures.

Taylor Bean Chairman's Fraud Case Heads to Jury

Posted: 18 Apr 2011 12:32 PM PDT

An attorney representing collapsed lender Taylor, Bean & Whitaker's former chairman called on jurors to find his client not guilty of perpetrating a billion-dollar, seven-year-long fraud.

Apple: Samsung Copied Design

Posted: 18 Apr 2011 06:12 PM PDT

Apple sued Samsung Electronics, claiming that Samsung's Galaxy line of mobile phones and tablet "slavishly" copied Apple's iPhone and iPad, in another sign of the escalating intellectual-property tensions in the fast-growing mobile-device market.

Wal-Mart CEO's Compensation Sinks

Posted: 18 Apr 2011 12:12 PM PDT

Wal-Mart CEO Duke saw hisl compensation fall 2.7% to $18.7 million for the latest fiscal year. The retailer's results weren't as strong as in the prior year.

Ireland Seeks to Reassure Markets

Posted: 18 Apr 2011 10:53 AM PDT

Irish Prime Minister Enda Kenny sought to reassure the markets that his government is serious about tackling its budget deficit and that it will not consider defaulting on its debt.

LVMH Posts 17% Sales Jump

Posted: 18 Apr 2011 09:47 AM PDT

Luxury-goods giant LVMH reported a 17% jump in first-quarter sales, beating expectations and illustrating the durability of last year's brisk demand for high-end products ranging from handbags to pricey watches.

Ferrero Co-CEO Dies in Accident

Posted: 18 Apr 2011 05:58 PM PDT

Pietro Ferrero, the co-chief executive of Ferrero, died in a cycling accident in South Africa, placing a question mark over the future direction of the candy maker behind Italy's iconic Nutella chocolate and hazelnut spread.