"Wallstreet" Reader

"Wallstreet" Reader

Chipotle Hiring Probe Expands

Posted: 03 May 2011 06:40 PM PDT

Federal immigration agents questioned workers at about two dozen outlets of Chipotle Mexican Grill Inc. in several states as part of a deepening probe of the company's employment practices.

Pay-by-Phone Dialed Back

Posted: 03 May 2011 05:12 PM PDT

The biggest U.S. wireless carriers are significantly scaling back a joint venture for mobile payments, reaffirming the traditional credit card companies' clout in the nascent market for mobile transactions.

Steep Drop Tarnishes Big Bets on Silver

Posted: 03 May 2011 07:05 PM PDT

Silver prices plunged, suffering their worst one-day drop in dollar terms in three decades, as investors fretted that rising trading costs could cripple a market exhibiting signs of froth.

Nasdaq Woos Hedge Funds

Posted: 03 May 2011 04:17 PM PDT

The exchange has rolled out the red carpet to hedge funds, racing to persuade them to buy up shares of NYSE Euronext to derail the Big Board's planned tie-up with Deutsche Börse.

Sony Brings In High-Tech Sleuths

Posted: 03 May 2011 06:18 PM PDT

Sony said it is working with external auditors and two computer-forensics firms as it investigates an attack on its Internet-game services that has exposed more than 100 million customer accounts.

Foreclosures Trapped by a Lack of Lawyers

Posted: 03 May 2011 04:09 PM PDT

Moves by banks to ditch law firms snared in the robo-signing mess are spreading delays and confusion to borrowers, while angering judges who are grappling with thousands of foreclosure cases now trapped in limbo.

Portugal Reaches Deal on Bailout

Posted: 03 May 2011 07:13 PM PDT

Portugal has agreed to a €78 billion financial bailout program with the European Union and the International Monetary Fund over three years to help its ailing economy.

Trade-Secrets Suit in China Treads Loudly

Posted: 03 May 2011 07:15 PM PDT

U.S.-based SI Group is fighting an usually public legal and public-relations battle with a Chinese rival over trade secrets related to a tire-bonding resin.

Publisher Junks Its 'Junk' Bond Deal

Posted: 03 May 2011 06:08 PM PDT

Showing investors' insatiable appetite for "junk" bonds may have found its limit, Lee Enterprises—owner of the St. Louis Post-Dispatch and the Arizona Daily Star—canceled plans to sell $1.06 billion of bonds and loans this week.

U.K. Regulator Expands Its Reach

Posted: 03 May 2011 05:24 PM PDT

The Financial Services Authority is pressuring some European financial institutions to restructure their London operations in ways that would subject them to greater U.K. oversight.

Demand for Bank Loans Mounts in Emerging World

Posted: 03 May 2011 07:33 PM PDT

Banks in emerging markets report strong and growing demand for loans from consumers and businesses, a sharp contrast with weaker demand in developed countries, a first-of-its-kind survey found.

IMG's Forstmann Treated for Cancer

Posted: 03 May 2011 07:11 PM PDT

Ted Forstmann, chairman and CEO of sports-and-entertainment conglomerate IMG Worldwide, has a life-threatening form of brain cancer, a development that could throw into turmoil one of the most powerful companies in the sports industry.

Comcast's Earnings Rise

Posted: 03 May 2011 07:21 PM PDT

Comcast reported a 9% increase in first-quarter earnings and provided its first glimpse of results from NBC Universal, the media company it acquired a majority stake in from GE last year.

Mexico Court Deals Carlos Slim a Setback

Posted: 03 May 2011 01:55 PM PDT

Mexico's Supreme Court dealt Carlos Slim a major setback Tuesday, ruling that his cellphone company can't continue to block competitors by using court injunctions to ignore the rulings of the country's telephone regulator.

AIG Loses Life-Settlements Dispute

Posted: 03 May 2011 04:19 PM PDT

An arbitration panel in April ordered a unit of AIG to pay $86.7 million to a U.S.-based subsidiary of a Belgian bank. The payout was tied to a dispute over insurance on loans that were made to an investor who purchased older people's life-insurance policies.

Silver Falls 7.6%

Posted: 03 May 2011 01:47 PM PDT

Sharp declines in silver, alongside a stronger dollar, pummeled precious metals, snapping gold's four-day winning streak as investor sentiment soured.

NYSE Won't Press Deal Ahead of Review

Posted: 03 May 2011 01:32 PM PDT

The head of NYSE Euronext said that the exchange operator and Deutsche Börse won't seek to "front-run" regulators in seeking approval for their planned merger.

BP Will Pay Fine in Alaska Spills

Posted: 03 May 2011 04:32 PM PDT

BP has agreed to pay a $25 million fine and beef up its Alaska pipeline network as part of a settlement with the U.S. government, according to court documents filed Tuesday.

Microsoft, RIM Strike Search Deal

Posted: 03 May 2011 12:11 PM PDT

Microsoft said its Bing search engine and mapping service will be the default options for Research In Motion's BlackBerry devices.

Apple Updates iMac With New Intel Chips

Posted: 03 May 2011 08:39 AM PDT

Apple updated its iMac desktop computers with next-generation Intel processors and the chip company's high-speed data-transfer technology, following similar upgrades to MacBook notebooks.