"Wallstreet" Reader

"Wallstreet" Reader


Grains Surge on Weather Threats

Posted: 17 May 2011 07:06 PM PDT

Grain prices surged as persistent rains fueled worries that farmers won't plant as much corn and wheat as they had planned.

Asia Higher; Dell's Robust Earnings Cheer Tokyo

Posted: 17 May 2011 06:30 PM PDT

Asian stock markets were higher, with Japanese stocks cheered by outstanding fiscal first-quarter profits for Dell Inc.

Galleon Defense Worked---to a Point

Posted: 17 May 2011 07:13 PM PDT

Two jury consultants hired by Raj Rajaratnam to help choose the panel that would decide his fate got everything they wanted, except the result.

As Firms Rev Up, Slack Tightens

Posted: 17 May 2011 05:49 PM PDT

Many American companies are putting the productive capacity that they idled during the recession back to work, and some have reached the point where they need to invest in new plants, equipment and more workers.

Chesapeake Fined $1.09 Million in Pennsylvania

Posted: 17 May 2011 03:06 PM PDT

The Pennsylvania Department of Environmental Protection has fined Chesapeake Energy Corp. nearly $1.09 million for contaminating the drinking water of 16 families with natural gas, and, separately, for an explosion at a condensate storage tank.

Companies Rush to Borrow

Posted: 17 May 2011 06:35 PM PDT

U.S. companies are racing to fill up on borrowed money, amid worries that interest rates are set to rise once the Fed ends its support for financial markets next month.

Glencore IPO on Track to Hit Target

Posted: 17 May 2011 06:02 PM PDT

It became clearer Tuesday that the Swiss commodities-trading giant would achieve its goal of securing a valuation of about $60 billion.

Dell's Profit Soars as Firm Refocuses

Posted: 17 May 2011 04:55 PM PDT

Dell's profit nearly tripled as the computer maker benefited from favorable component costs, strong corporate demand and rising sales of its higher-margin products.

AIG Makes Case for Its Stock

Posted: 17 May 2011 04:02 PM PDT

AIG's chief tried to make a case for his company's stock over a lunch in a midtown Manhattan hotel to promote a $9 billion stock offering to investors.

Banks, Merchants Reload for Fee Battle

Posted: 17 May 2011 06:06 PM PDT

Banks and credit unions are using a recent debit-card scam at Michaels Stores as fresh ammunition in their fight against a federal proposal to slash the amount they can charge merchants for processing such payments.

Massey Official Faces New Charge

Posted: 17 May 2011 03:43 PM PDT

U.S. prosecutors announced a third charge against the chief of security Massey's Upper Big Branch mine where an explosion killed 29 miners last year.

McDonald's Under Pressure to Fire Ronald

Posted: 17 May 2011 07:09 PM PDT

McDonald's was urged by more than 550 professionals and organizations in the health industry to stop marketing junk food to kids and retire the Ronald McDonald character.

China Limits Manufacturers' Power Use

Posted: 17 May 2011 05:51 PM PDT

Chinese authorities are hitting manufacturers with restrictions on electricity usage as low river levels and high coal prices threaten the country's worst seasonal power shortages in several years.

With $4 Gas, More Folks Skip the Trip

Posted: 17 May 2011 06:48 PM PDT

High gasoline prices mean consumers are making fewer trips to the store, and that's translating into lower sales for retailers such as Wal-Mart and Lowe's.

Alaska Pipeline Scrapped

Posted: 17 May 2011 04:43 PM PDT

BP and ConocoPhillips are scrapping a $35 billion Alaskan natural-gas pipeline project because of weak customer demand.

Energy Measures Highlight Impasse

Posted: 17 May 2011 05:49 PM PDT

A proposal by Senate Democrats to end tax breaks for big oil companies failed a test vote, and a Republican counterproposal to ease new drilling is expected to fail, underscoring Capitol Hill's energy-policy impasse.

Ally to List on NYSE

Posted: 17 May 2011 05:16 PM PDT

Ally Financial, majority-owned by the U.S. government, intends to list shares on the New York Stock Exchange as the auto lender disclosed more details of its coming initial public offering.

Sony CEO Warns of 'Bad New World'

Posted: 17 May 2011 06:15 PM PDT

After spending weeks to resolve a massive Internet security breach, Sony's CEO said he can't guarantee the security of the company's videogame network or any other Web system in the "bad new world" of cybercrime.

A Carlyle Yuan Fund Nears Its First Deal

Posted: 17 May 2011 04:05 PM PDT

Carlyle Group's flagship local-currency fund in China is close to finalizing its first investment, said Carlyle co-founder David Rubenstein, who remains bullish on China.

A Carlyle Yuan Fund Nears Its First Deal

Posted: 17 May 2011 04:05 PM PDT

Carlyle Group's flagship local-currency fund in China is close to finalizing its first investment, said Carlyle co-founder David Rubenstein, who remains bullish on China.