"Wallstreet" Reader

"Wallstreet" Reader

Power-Shortage Worries Hit Tokyo Shares

Posted: 08 May 2011 06:59 PM PDT

Asian stock markets were mixed, with shares in Tokyo undermined by concerns about potential power shortages.

AIG Fall Blunts Talk of Taxpayer Gain

Posted: 08 May 2011 06:50 PM PDT

As American International Group executives this week begin promoting a stock sale that will help end U.S. ownership in the giant insurer, the government looks unlikely to reap large gains officials talked up just months ago, and may not profit from its first offering of AIG shares.

BlackRock's 'Geeky Guys' Business

Posted: 08 May 2011 05:02 PM PDT

The giant asset manager's BlackRock Solutions unit has emerged as a key adviser in helping the government unwind the troubled assets it accumulated during the financial crisis.

Some Bet End of QE2 Will Boost Treasurys

Posted: 08 May 2011 07:38 PM PDT

Some investors think the end of the Fed's bond-buying program in less than two months will actually be a boon to Treasurys, and they see last week's drop in commodity and stock prices as further evidence.

Rare Headwinds in Mexico Buffet Slim

Posted: 08 May 2011 04:49 PM PDT

Carlos Slim's telephone empire faces its first real challenges from the Mexican government and competitors, after a court decision handed the world's richest man his biggest legal setback in years.

Private-Share Trade Seeks Guidance

Posted: 08 May 2011 02:27 PM PDT

SecondMarket Holdings, one of the biggest players in the booming "shadow market" for trading shares of closely held companies, is seeking U.S. approval for how it handles those transactions.

Euro Nations Divided Over Greek Debt

Posted: 08 May 2011 07:24 PM PDT

Europe's debt crisis has returned full circle to the problem that started it over a year ago: How to save the malfunctioning Greek state from running out of money.

Natural-Gas Companies Stung By Oil Trades

Posted: 08 May 2011 03:32 PM PDT

As U.S. natural-gas producers turn to oil amid historically low gas prices, derivative contracts are preventing the companies from benefiting fully from crude's recent surge above $100 a barrel.

U.S. to Press China on Yuan

Posted: 08 May 2011 07:36 PM PDT

U.S. officials will press China to allow the value of its currency, the yuan, to rise more quickly, amid signs that Beijing may be deciding to move at a faster clip in part to fight inflation.

Schumer Floats High-Frequency Fees

Posted: 08 May 2011 05:43 PM PDT

Sen. Charles Schumer told regulators that sophisticated electronic traders should bear the cost of monitoring their dealings, with special fees assessed to firms that issue and then rapidly cancel securities orders.

TV Chiefs Raise the Volume

Posted: 08 May 2011 01:29 PM PDT

Media executives used their quarterly earnings reports to build expectations for higher ad prices as the prepare to wrangle with Madison Avenue over the fall TV season.

Linking Up Boehner, Obama

Posted: 08 May 2011 01:02 PM PDT

Golf Digest magazine is trying to milk Obama's passion for the game by calling House Speaker John Boehner's office in an effort to organize a round between the politicians.

'Thor' Wins at Weekend Box Office

Posted: 08 May 2011 05:34 PM PDT

Marvel Studios' newest comic-book adaptation powered its way to the top of the weekend box office with a $66 million opening in North America.

U.S. Cables Show Worry Over Japanese Nuclear Plants

Posted: 08 May 2011 02:05 PM PDT

U.S. officials have in recent years worried that Japan hasn't taken enough precautions to protect its nuclear power facilities from terrorist attacks, according to documents released on the Wikileaks website.

New Stocks Face More Skepticism

Posted: 08 May 2011 03:00 PM PDT

Seven deals are expected in the U.S., but all are overshadowed by the giant Glencore deal that will price later this month and trade in London and Hong Kong.

Shippers Urge Crackdown on Piracy

Posted: 08 May 2011 05:29 PM PDT

Ship owners are stepping up pressure on governments world-wide to take a stronger role in policing the waters off Somalia and prosecuting hijackers.

Egypt Christians Blame Islamists for Clash

Posted: 08 May 2011 02:57 PM PDT

Christians blamed deadly sectarian clashes at two churches near Cairo on Egypt's ultraconservative Salafis, a radical Islamist ideology whose growing influence is worrying both secularists and the country's Christian minority.

Bin Laden Raid Yields Library-Size Trove

Posted: 08 May 2011 03:02 PM PDT

Information seized in the killing of Osama bin Laden indicates that in addition to being al Qaeda's symbolic leader, he was involved in strategic operations, National Security Adviser Tom Donilon said.

Kia Expects to Increase Market Share

Posted: 08 May 2011 05:00 PM PDT

Kia Motors expects its global market share to grow to 3.4% this year, helped by a major design overhaul and an improving reputation for quality.

Religious Clashes Kill 12 in Cairo

Posted: 08 May 2011 09:49 AM PDT

Violent clashes between Muslims and Christians that were sparked by rumors of an interfaith romance have left 12 dead in some of the worst sectarian violence since the ouster of former president Hosni Mubarak in February.