"Wallstreet" Reader

"Wallstreet" Reader

'Like' Button Follows Web Users

Posted: 18 May 2011 05:57 PM PDT

Facebook's "Like" and Twitter's "Tweet" buttons allow Internet users to share content. But they also let their makers collect data about websites people visit.

Tokyo Up Despite GDP

Posted: 18 May 2011 06:56 PM PDT

Asian stock markets were mostly higher, with Japan's Nikkei up slightly despite news the country's economy contracted much more than expected in the first quarter.

GM Amps Up Volt Production

Posted: 18 May 2011 06:47 PM PDT

General Motors said it will build 60,000 of its Chevrolet Volt electric cars next year, a 30% increase from GM's prior plans, and increase this year's planned output to 16,000 vehicles.

Citi CEO Gets a Big Retention Deal

Posted: 18 May 2011 06:16 PM PDT

Citigroup awarded CEO Vikram Pandit a multimillion-dollar package to keep him at the helm for at least four more years, a vote of confidence in an executive who almost was ousted in the financial crisis.

Japan Economy Shrinks 3.7%

Posted: 18 May 2011 07:33 PM PDT

Japan's economy contracted 3.7% last quarter as the March 11 earthquake and tsunami hit consumer spending and business investment.

Univision to Make More Shows Itself

Posted: 18 May 2011 07:06 PM PDT

Univision is boosting its in-house production of TV programs as it tries to close a ratings gap with English-language rivals and faces increased competition from Spanish-language networks.

Big Lots Decides Not to Sell Itself

Posted: 18 May 2011 05:12 PM PDT

Big Lots has decided not to sell itself after bids for the discount retail chain from private equity firms came in below the company's expectations.

The Outlook at Calpers Is Brightening, a Little

Posted: 18 May 2011 06:23 PM PDT

The California Public Employees' Retirement System is on target to notch one of its strongest annual returns in the past 20 years. But residents are still being stung by a funding gap.

Insurer Hired Prostitutes for Party

Posted: 18 May 2011 05:05 PM PDT

A unit of German insurer Munich Re hired about 20 prostitutes for a 2007 party in Budapest as a reward for some of its top salesmen.

Jacoby & Meyers Fights to Let Nonlawyers Buy In

Posted: 18 May 2011 05:30 PM PDT

Jacoby & Meyers, a pioneer of television legal advertising, filed lawsuits Wednesday challenging state laws in New York, New Jersey and Connecticut that prohibit nonattorneys from owning stakes in law firms.

Company Faulted for Firing Five Over Facebook Posts

Posted: 18 May 2011 04:08 PM PDT

The NLRB said a nonprofit in organization in Buffalo, N.Y. was wrong to fire five workers for Facebook postings that criticized working conditions.

Heat Turns Up on Nasdaq Boss

Posted: 18 May 2011 04:19 PM PDT

After failing in his bid for the Big Board, Nasdaq chief Robert Greifeld is coming under scrutiny for his deal-making skills.

LinkedIn Prices IPO at $45 a Share

Posted: 18 May 2011 06:01 PM PDT

LinkedIn's IPO roared out of the gates, pricing at $45 a share, the high end of underwriters' expectations, and giving the professional networking website a value of $4.25 billion.

3M CEO to Sell $33 Million in Shares

Posted: 18 May 2011 02:30 PM PDT

3M Co. said its chairman and chief executive officer, George Buckley, plans to sell as many as 350,272 shares of stock in the company between now and July 21.

Manager Is Cooperating in Inquiry

Posted: 18 May 2011 04:28 PM PDT

Former Diamondback portfolio manager Anthony Scolaro pleaded guilty in connection with insider trading last year and is cooperating with prosecutors.

Longtop Tests Investors' Patience

Posted: 18 May 2011 06:11 PM PDT

The New York Stock Exchange stopped trading in Longtop Financial Technologies' American depositary receipts, and investors were still in limbo more than 24 hours later. Can investors shrug it off as problems mount in Chinese issues?

Ronald McDonald to Face Fire at Annual Meeting

Posted: 18 May 2011 02:17 PM PDT

Health professionals and activists pushing McDonald's Corp. to stop marketing junk food to kids and retire Ronald McDonald pledged to keep up pressure at the hamburger giant's annual meeting Thursday.

Johnson Controls Aims to Dissolve Battery Venture

Posted: 18 May 2011 06:56 PM PDT

Automotive battery maker Johnson Controls is moving to dissolve a joint-venture company with French battery maker Saft that was formed in 2006 to make lithium-ion batteries for electric and hybrid vehicles.

SEC Extends Review of NYSE Amex Sale

Posted: 18 May 2011 01:09 PM PDT

The Securities and Exchange Commission will extend until July 1 its review of a plan by NYSE Euronext to sell half of its Amex options exchange.

Thermo Fisher Lead Bidder for Phadia

Posted: 18 May 2011 04:00 PM PDT

Thermo Fisher has emerged as a leading contender for privately owned Phadia, an allergy-testing company for which the lab-equipment maker could pay as much as $3 billion.