"Wallstreet" Reader

"Wallstreet" Reader

Plans for Slashing Corporate Taxes Worry Some Firms

Posted: 06 May 2011 06:35 PM PDT

Even before the Obama administration rolls out an expected business tax overhaul plan that would slash corporate rates, some big businesses that are currently taxed as small ones are worried.

The Bull in BofA's Mortgage Portfolio

Posted: 06 May 2011 06:59 PM PDT

Terry Laughlin has the task of salvaging Bank of America's troubled mortgages. How well he does his job may help determine how long CEO Brian Moynihan can keep his.

Euro-Zone Meeting, Rumors Show Anxieties

Posted: 06 May 2011 04:40 PM PDT

A small group of top finance officials from the euro zone met to discuss aid programs for Greece and Portugal. But a number of conflicting reports on the agenda underscored a sense of anxiety about the prospects for troubled economies.

Play by Play: Sony's Struggles on Breach

Posted: 06 May 2011 07:14 PM PDT

Details about Sony's investigation into the massive data breach at its PlayStation network show how Sony struggled to detect, interpret and respond to a series of confusing events.

U.S. Tried but Failed to Kill Yemeni Cleric

Posted: 06 May 2011 04:00 PM PDT

A U.S. drone strike in Yemen Thursday was aimed at killing Anwar al-Awlaki, the American-born radical cleric who is suspected of orchestrating terrorist attacks on the U.S, but the missile missed its target, according to Yemeni and U.S. officials.

Job Engine Shifts to Higher Gear

Posted: 06 May 2011 04:14 PM PDT

The U.S. created a net 244,000 jobs in April, with the biggest jump in private sector hiring since 2006 offset by cuts in government.

Syria Protests Gain New Supporters

Posted: 06 May 2011 04:20 PM PDT

Syrians took to the streets in cities across the country in defiance of the government's lethal bid to clamp down on antiregime protests, with demonstrators appearing to gain support from tribal members and some army troops.

Senator Seeks 'Suspicious Trading' Reports on SAC

Posted: 06 May 2011 07:19 PM PDT

SAC Capital Advisors, one of the nation's most prominent hedge funds, is facing heightening regulatory and legislative heat.

China Fines Unilever for Price Comments

Posted: 06 May 2011 06:45 PM PDT

In a move aimed at showing China is getting tough on inflation, the state pricing authority fined Unilever for triggering a consumer scramble for its products when it revealed plans to raise prices on its soaps.

Road Rules for NYSE Investors

Posted: 06 May 2011 05:34 PM PDT

Investors looking for clues on who will drive off with NYSE Euronext can learn from last year's dustup over Dollar Thrifty Automotive.

Google's Android Moves Past BlackBerry

Posted: 06 May 2011 12:59 PM PDT

Google's Android operating system overtook Research In Motion's BlackBerry as the top smartphone platform in the first quarter, according to research firm comScore.

Lehman Creditors Buy Debt as Bankruptcy Case Moves On

Posted: 06 May 2011 01:26 PM PDT

Three investment firms pursuing a rival creditor-payment plan for Lehman Brothers have purchased nearly $150 million in the failed bank's debt, bolstering their weight in the bankruptcy case.

Internet 'Do Not Track' Bill Released

Posted: 06 May 2011 03:52 PM PDT

The bill would prohibit companies from tracking children on the Internet without parental consent, restrict marketing to minors and allow parents to erase kids' personal information.

Goldman Details Legal Tab

Posted: 06 May 2011 12:26 PM PDT

Goldman Sachs spent more than $700 million on lawyers last year as it came under high-profile scrutiny, its chief counsel told shareholders.

BP Gets Russian Reprieve

Posted: 06 May 2011 04:41 PM PDT

BP can go ahead with its troubled $16 billion Arctic exploration and share-swap deal with Russia's state oil company, but only if it pursues it through its existing Russian joint venture TNK-BP, a panel ruled.

Probe Eyes Trades by Fund Titan

Posted: 06 May 2011 10:54 AM PDT

Prosecutors are examining trades made in an account overseen by hedge-fund manager Steven Cohen that were suggested by two former SAC Capital fund managers who have pleaded guilty to insider trading.

Deal Struck for Warner Music

Posted: 06 May 2011 02:43 PM PDT

Billionaire Len Blavatnik has reached an agreement to buy Warner Music Group in a deal that values the company at around $3 billion.

Euro-Zone Worries Block Commodity Rebound

Posted: 06 May 2011 02:46 PM PDT

Fresh worries about the stability of Europe's economic union scuttled an early rebound in commodities, which had gained on upbeat U.S. jobs data.

Euro Drops

Posted: 06 May 2011 09:53 AM PDT

The euro hit session lows against the dollar, Swiss franc and yen.

Oil Futures Pare Losses

Posted: 06 May 2011 06:49 AM PDT

Oil futures remained below $100 a day after a major selloff in commodities markets, but prices rebounded from lower levels after a better-than-expected jobs report for April.