"Wallstreet" Reader

"Wallstreet" Reader

Asian Shares Mixed in Early Trade

Posted: 09 May 2011 06:58 PM PDT

Asian stock markets were mixed Tuesday with Tokyo shares weighed by concerns about the outlook for corporate earnings, while Australian investors looked to the government's budget and Chinese trade data due later.

EU Seeks to Trim List of Tariff Beneficiaries

Posted: 09 May 2011 07:46 PM PDT

The European Union will take steps to eliminate trade concessions for wealthy emerging economies, part of a shift in global trade terms as the EU and U.S. adapt to the rise of Russia, Brazil and other new export powers.

Pimco Turns More Negative on U.S. Debt

Posted: 09 May 2011 07:30 PM PDT

Bill Gross, of Pacific Investment Management Co., added to bets in April on further price declines in U.S. government-related bonds, a category that includes Treasurys.

Google to Unveil Online Music Service

Posted: 09 May 2011 06:25 PM PDT

Google is preparing to unveil a new online music service similar to a service recently launched by Amazon.com, a move that escalates the battle to create the next generation of Internet businesses for storing and listening to music.

Latest Treasure Is Location Data

Posted: 09 May 2011 06:25 PM PDT

Cellphones that collect people's locations are only the tip of the iceberg: Auto makers, insurance companies and even shopping malls are experimenting with new ways to use this kind of data.

Paulson Plays the Lehman Bust

Posted: 09 May 2011 05:45 PM PDT

Hedge-fund manager John Paulson made $4 billion betting against subprime mortgages, the market that ultimately helped destroy Lehman. Now, his fund is poised to make hundreds of millions picking through the bank's remains.

Southwest Eager for a Seat in Atlanta

Posted: 09 May 2011 07:48 PM PDT

Southwest Airlines plans to use its acquisition of AirTran Holdings to establish a toehold at the Atlanta airport.

AIG Price Is Bad News for a Big Investor

Posted: 09 May 2011 04:43 PM PDT

The biggest private shareholder in AIG said he misjudged the price at which the U.S. might be willing to sell its shares in the giant insurer.

Citi Instantly Is a $40 Stock

Posted: 09 May 2011 05:47 PM PDT

Citigroup became a $40 stock for the first time since late 2007, as its share price appeared to rise more than 850% from Friday's close. One catch: Investors didn't earn a dime on Monday.

Drug Makers Replace Reps With Digital Tools

Posted: 09 May 2011 03:28 PM PDT

Tens of thousands of pharmaceutical sales reps have been eliminated in the U.S., creating a void that drug makers are now increasingly filling with websites, iPad apps and other digital tools.

Madoff Trustee, Fairfield Liquidators Join Forces

Posted: 09 May 2011 05:39 PM PDT

The trustee charged with collecting money for victims of Bernard Madoff's Ponzi scheme has struck a legal settlement with liquidators of three funds run by Fairfield Greenwich Group, allowing them to jointly go after the owners of the feeder funds.

Dreamliner Engine Gets Key FAA Approval

Posted: 09 May 2011 03:00 PM PDT

The FAA granted a key certification to Rolls-Royce's Trent 1000 engine, which will be one of two engines used to power the Dreamliner.

Activision Gets Digital Boost

Posted: 09 May 2011 04:00 PM PDT

Activision said its net income jumped 32%, but the maker of "Call of Duty" and "World of Warcraft" also expressed concerns about the impact of an outage at Sony's online game network.

FDIC's Bair to Step Down

Posted: 09 May 2011 02:13 PM PDT

The Federal Deposit Insurance Corp. said its chairman, Sheila Bair, will step down at the conclusion of her five-year term on July 8.

Greek Woes Fuel Fresh Fears

Posted: 09 May 2011 07:47 PM PDT

A cut to Greece's credit rating sparked a selloff in the bonds of highly indebted euro-zone countries, fueling concerns that Europe's debt crisis is coming to the boil once more.

Wealth Funds Fight for Reputation

Posted: 09 May 2011 04:30 PM PDT

The world's largest sovereign-wealth funds will look to gear up efforts to fight concern that politics are shaping their investment decisions at a meeting in Beijing this week.

Gilt Groupe Valued at $1 Billion

Posted: 09 May 2011 03:29 PM PDT

Gilt Groupe has raised $138 million from Softbank, Goldman Sachs and others, valuing the online luxury retailer at $1 billion even though it has yet to turn a profit.

Corporate Bond Market Heats Up

Posted: 09 May 2011 01:27 PM PDT

A dozen investment-grade borrowers are offering bonds Monday, including IBM, as companies turn their attention back to unusually low interest rates and ample capital available to high-grade borrowers.

The Year's Highest-Paid CEOs

Posted: 09 May 2011 12:21 PM PDT

Chief executives at the biggest U.S. companies saw their pay jump sharply in 2010, as boards rewarded them for strong profit and share-price growth with bigger bonuses and stock grants.

Yen Intervention Now Looks Unlikely

Posted: 09 May 2011 04:17 PM PDT

Even as the yen continues to flirt with levels against the dollar that spark talk of more intervention to damp its rise, Japan seems likely to hold its fire.