"Wallstreet" Reader

"Wallstreet" Reader

Japan Leads Asia Decline

Posted: 25 Apr 2011 07:14 PM PDT

Asian stock markets fell with Tokyo down 1.1% as game-related stocks declined after Nintendo said profits fell.

Fight Heats Up for Lehman Remains

Posted: 25 Apr 2011 07:25 PM PDT

A three-way battle over the remnants of Lehman is coming to a head, as the defunct investment bank's estate fights with big-name hedge funds and Goldman Sachs over how to divvy up $61 billion in assets.

Southwest Jet Had Misaligned Rivets

Posted: 25 Apr 2011 07:04 PM PDT

Federal investigators gave the strongest sign yet that manufacturing problems, including a pattern of misaligned rivet holes and loose bolts, likely played a major part in the April 1 midair fuselage rupture of a Southwest Airlines Boeing 737 jet.

Judge Rules to Lift NFL Lockout

Posted: 25 Apr 2011 07:24 PM PDT

A judge in Minnesota ruled in favor of NFL players, bringing to an end the league's seven-week-old lockout. The league said it will appeal.

Commodity Bets Draw Debate

Posted: 25 Apr 2011 07:17 PM PDT

The CFTC is moving to increase oversight of mutual funds that make speculative bets on gold, oil and other commodities and currencies through offshore subsidiaries, but the mutual-fund industry is fighting back.

Loan Servicers Become a Big Draw

Posted: 25 Apr 2011 07:17 PM PDT

Andrew Farkas tops a roster of high-profile investors—including Fortress, Cerberus and Vornado—that have bought companies that act as middlemen on troubled commercial mortgages, potentially putting them at the head of the line in the race to snap up distressed properties.

GE Remodels Businesses in India

Posted: 25 Apr 2011 07:11 PM PDT

GE revamped its operations in India to tap into the country's large consumer market, focusing not just on sales and marketing but also on using India as a hub for designing low-cost products.

FDA to Treat E-Cigarette as Tobacco

Posted: 25 Apr 2011 02:52 PM PDT

FDA backs off effort to regulate electronic cigarettes as a drug-delivery device. Instead, they will be treated as a tobacco product.

Netflix Faces Rising Costs

Posted: 25 Apr 2011 05:08 PM PDT

Netflix posted an 86% jump in quarterly profits as its online movie streaming service clicked with consumers, but the company forecast rising costs for licensing content that will eat into earnings.

Apple, Google, Others Pressed on Tracking

Posted: 25 Apr 2011 07:23 PM PDT

Apple, Google and several other developers of mobile operating systems were sent letters by a House committee that oversees privacy issues, seeking more information about whether they are tracking users' locations.

Oracle's Finance Chief Resigns

Posted: 25 Apr 2011 04:54 PM PDT

Oracle said its chief financial officer had resigned and will be immediately succeeded by the company's co-president, the latest executive switch at the large software maker.

TPG Bids for Jimmy Choo

Posted: 25 Apr 2011 03:13 PM PDT

Private-equity firm TPG said it is among the bidders for Jimmy Choo, the high-end women's shoe brand, but it denied that it is in talks with Mr. Choo about a joint bid.

Controller Fatigue Divides FAA, Union

Posted: 25 Apr 2011 06:47 PM PDT

Federal transportation regulators and labor leaders are at odds over how to punish air-traffic controllers caught sleeping on duty, even as they strive to publicly present a unified front to address chronic-fatigue hazards.

Quake Ripples at Ford, Johnson

Posted: 25 Apr 2011 04:58 PM PDT

Reverberations from damages to Japan's auto-parts makers are still being felt around the world. Ford idled plants in Taiwan, South Africa and China, while battery-maker Johnson Controls said the auto-makers' cutbacks would shave third-quarter profit and sales.

Medical-Marijuana Firms Hold High Hopes for Fund Raising

Posted: 25 Apr 2011 03:25 PM PDT

In what was once a pipe dream, medical-marijuana companies are courting private investors and even planning public stock sales.

Reader's Digest CEO Quits

Posted: 25 Apr 2011 11:25 AM PDT

Mary G. Berner, CEO of Reader's Digest Association, said she was stepping down in the wake of the publishing company naming a new board.

Paulson Pounced on Lehman's Fall and Bought Cheap Debt

Posted: 25 Apr 2011 10:22 AM PDT

Paulson & Co., the hedge-fund manager leading the charge for a rival Lehman Brothers Holdings creditor-payment plan, has disclosed that it began acquiring its $4.2 billion debt in the collapsed investment bank on the day Lehman filed for bankruptcy protection in 2008.

Careful Planning Behind Fed's Press Conference

Posted: 25 Apr 2011 11:03 AM PDT

The Federal Reserve's first ever public press conference will be a carefully choreographed affair.

USDA Raises Food Price Forecasts

Posted: 25 Apr 2011 11:56 AM PDT

The U.S. government raised its retail-price forecasts for beef, pork and fresh vegetables, but the overall food-inflation forecast for 2011 was unchanged at 3% to 4%.

Jury Begins Weighing Fate of Rajaratnam

Posted: 25 Apr 2011 04:33 PM PDT

A jury started deliberating the fate of Galleon Group founder Raj Rajaratnam Monday as the hedge-fund manager's trial on insider-trading began its eighth week in a lower Manhattan federal court.