"Wallstreet" Reader

"Wallstreet" Reader

TMX Group Receives Counteroffer to LSE Deal

Posted: 14 May 2011 07:21 PM PDT

A consortium of Canada's biggest banks and pension funds have made a rival $3.69 billion bid for TMX Group, the operator of Canada's flagship stock exchange, threatening to thwart its agreed deal to merge with London Stock Exchange Group.

House Panel Presses SEC Over Stanford Fraud

Posted: 14 May 2011 02:49 PM PDT

A former Securities and Exchange Commission official who was faulted for blocking attempts to investigate jailed money manager R. Allen Stanford may be the target of federal criminal inquiry.

Inside the Galleon Jury

Posted: 14 May 2011 09:37 AM PDT

They nicknamed a prosecutor "Napoleon" and a defense lawyer "George Washington." And once they started deliberating, they never wavered from their belief that Raj Rajaratnam was guilty of insider trading.

Geithner Warns About Debt Ceiling

Posted: 14 May 2011 09:12 AM PDT

Treasury Secretary Timothy Geithner warned in a letter to Congress that failure to raise the $14.294 trillion debt ceiling would drive up interest rates, push down household wealth, put more pressure on federal entitlement programs and cause a double-dip recession.

Inflation Remains, Definition Changes

Posted: 13 May 2011 09:13 PM PDT

Is inflation best defined as "rising prices" or "printing money?" The answer depends on which dictionary you use.

Singapore Founder Lee to Quit Cabinet

Posted: 14 May 2011 07:07 PM PDT

Singapore's first prime minister and founding father of the modern city-state, Minister Mentor Lee Kuan Yew, said he will leave the government cabinet to make way for a younger generation of leadership.

China Fights Back on EU Paper Tariffs

Posted: 14 May 2011 02:36 AM PDT

China said the European Union's move to slap tariffs on imports of Chinese coated fine paper is against the world trade organization principle and it will take measures to protect local companies' interests.

Borders Mulls Piecemeal Sale

Posted: 13 May 2011 05:05 PM PDT

Book retailer Borders Group is in discussions with a potential bidder for more than 225 of its 400 stores, an effort that would keep the financially troubled company in operation.