"Wallstreet" Reader

"Wallstreet" Reader

Chrysler Deal Hits Hurdles

Posted: 15 May 2011 07:17 PM PDT

Chrysler, seeking to borrow about $7 billion from debt investors to repay loans from its government bailout two years ago, is running into some headwinds in trying to complete part of the deal.

Asian Mostly Down; Europe Debt Woes Hurt

Posted: 15 May 2011 06:50 PM PDT

Asian stock markets were mostly down as concerns over European debt woes weighed, with Australia's market hitting an eight-week low.

WellPoint Shakes Up Hospital Payments

Posted: 15 May 2011 06:14 PM PDT

Some 1,500 hospitals across the country could lose their annual payment increases from a major health insurance company if they don't score high enough on a new test to measure the quality of patient care.

BP Tries to Salvage Russian Deal

Posted: 15 May 2011 06:21 PM PDT

BP is in last-ditch talks to buy out the Russian partners in its TNK-BP venture and salvage its Arctic allliance with OAO Rosneft.

Investors Show Interest in AIG Stock Sale

Posted: 15 May 2011 07:25 PM PDT

Underwriters for the $9 billion stock sale by AIG and the U.S. Treasury have indications of interest from investors for about half the offering.

Stock Investors Shift to Defense

Posted: 15 May 2011 07:43 PM PDT

U.S. investors have made a dramatic shift recently. Out are hot "growth" stocks in the technology and energy sectors. In are the steadier, less-volatile shares of health-care, utilities and telecommunications companies.

Sony Hits Restart

Posted: 15 May 2011 03:17 PM PDT

Sony restored access to its videogame networks in the U.S. and other markets following a hacking attack, but still needs to take steps to restore its reputation.

Faith in Vietnam Falls With Shipmaker

Posted: 15 May 2011 04:22 PM PDT

Frustration over Vietnamese state-run shipbuilder Vinashin's failure to repay loans it defaulted on last year is intensifying among creditors, potentially jeopardizing Vietnam's plans to draw more investment to improve its infrastructure.

Scandal in China Felt on Wall Street

Posted: 15 May 2011 06:25 PM PDT

The scandal of indicted Xinhua Finance founder Loretta Fredy Bush burned some of the sharpest minds on Wall Street, including one of the richest self-made women in the U.S.

Quake Throws AutoNation Into a Spin

Posted: 15 May 2011 04:32 PM PDT

Two months after the March 11 earthquake rocked Japan and its auto makers, its ripple effects are starting to hit U.S. car dealers like AutoNation.

Comedy Block, Music Buoy NBC's Prime-Time Hopes

Posted: 15 May 2011 05:24 PM PDT

NBC's new creative chief is hoping music, "big ideas" and more laughs can revitalize his network's ailing prime-time hours.

Yahoo, Alibaba Move to Make Up

Posted: 15 May 2011 05:40 PM PDT

After trading barbs over the ownership transfer of Alibaba's online-payments business, Yahoo and Alibaba said they were trying to resolve their dispute.

'Thor' Holds Top Box-Office Slot

Posted: 15 May 2011 06:06 PM PDT

Action film 'Thor' ranked as the top-grossing movie at North American box offices for the second consecutive weekend. 'Bridesmaids' finished No. 2.

New Pitch for 'Terra Nova'

Posted: 15 May 2011 12:26 PM PDT

Fox Broadcasting, at its "upfront" presentation on Monday, will again be pitching the ambitious "Terra Nova" sci-fi series, which was delayed last year.

Currency Markets Come to a Fork

Posted: 15 May 2011 11:21 AM PDT

Traders are debating whether the guiding force for currency moves will remain differences in interest rates, or whether worries about euro-zone finances will take over.

Selloff Scares Away Few Bulls

Posted: 15 May 2011 02:53 PM PDT

Hedge funds and other investors still have large bets that commodity prices will continue to rise, even after one of the steepest selloffs in years.

Huckabee Declines to Endorse Any in GOP Field

Posted: 15 May 2011 09:52 AM PDT

Fresh off his decision to skip the 2012 presidential race, former Arkansas Gov. Mike Huckabee declined Sunday to endorse anyone else.

Israeli Military Opens Fire Along Syrian, Lebanese Borders

Posted: 15 May 2011 10:02 AM PDT

Israeli soldiers opened fire on hundreds of protesters attempting to cross the border into Israel from Lebanon, Syria and the Gaza Strip as protests erupted across the region to mark the creation of the state of Israel. At least eight protesters were killed, according to reports.

Tepco Finance Plan Rattles Markets, Banks

Posted: 15 May 2011 10:01 AM PDT

A government plan to shore up embattled Tepco has markets, investors and creditor banks worried about who will be called upon to help pick up the tab from the unfolding nuclear power crisis.

IMF Chief to Plead Not Guilty in Sexual-Assault Case

Posted: 15 May 2011 01:13 PM PDT

Dominique Strauss-Kahn, head of the International Monetary Fund and a presidential hopeful in France, has been arrested and charged with attempted rape, criminal sexual act and unlawful imprisonment in New York.