"Wallstreet" Reader

"Wallstreet" Reader

U.S. Steps Up Loan Scrutiny

Posted: 20 May 2011 06:08 PM PDT

Three years after the financial crisis peaked, banks face a new wave of scrutiny and potential penalties for actions that contributed to the mortgage meltdown, possibly raising their costs for the cleanup.

U.S. Probes Air Ticket Sales

Posted: 20 May 2011 03:53 PM PDT

The Department of Justice is investigating whether third-party distributors of airline tickets have violated antitrust laws.

TMX Opposes Bid to Trump LSE Deal

Posted: 20 May 2011 06:23 PM PDT

The operator of the Toronto Stock Exchange said its board opposes Maple Group Acquisition's C$3.6 billion stock-and-cash takeover offer and maintained its support for the planned with London Stock Exchange Group.

Strauss-Kahn to Change Location After Release

Posted: 20 May 2011 03:08 PM PDT

Former IMF chief Dominique Strauss-Kahn was released on bail Friday and allowed to stay at a temporary location after the apartment he had hoped to stay in while awaiting trial fell through.

Trading in Lehman Bankruptcy Claims Set Record in April

Posted: 20 May 2011 02:49 PM PDT

A record number of bankruptcy claims against Lehman Brothers traded hands last month as buyers grew more optimistic about how much they could recover on the claims as the failed investment bank is wound down.

Google Was Warned on Rogue Drug Ads

Posted: 20 May 2011 04:01 PM PDT

Google was warned repeatedly by a group of state regulators and industry watchdogs that many of the online drugstores advertising on its network were violating U.S. laws.

Fortune Brands to Sell Golf Unit for $1.23 Billion

Posted: 20 May 2011 03:54 PM PDT

Fortune Brands agreed to sell its golf business to a group led by Fila Korea and Korea-based Mirae Asset Private Equity for $1.23 billion.

'Cable Cowboy' Hunts E-Books

Posted: 20 May 2011 07:49 PM PDT

John Malone has bet big on cable networks, home-shopping and satellite TV. Now, with a bid for Barnes & Noble, he is rolling the dice on e-books.

Short Story: LinkedIn Launch Has a Built-In Bear Trap

Posted: 20 May 2011 04:43 PM PDT

The lofty gains in LinkedIn have many on Wall Street making the case to short the stock. But this could be a risky proposition as the company has a relatively small float.

Health Insurance Hikes Face Scrutiny

Posted: 19 May 2011 03:58 PM PDT

Health insurance companies that raise premiums for individuals or small business customers 10% or more a year soon will face greater scrutiny from state or federal regulators.

Syria Troops Kill 21 Protesters

Posted: 20 May 2011 10:57 AM PDT

Syria's security forces opened fire on demonstrators in a Damascus suburb and two other cities, killing 21 people, as President Bashar al-Assad continues to defy U.S. pressure to stop the violent crackdown.

Explosion Kills 2 at Foxconn Plant

Posted: 20 May 2011 03:41 PM PDT

A large explosion ripped through a Foxconn high-tech plant in southwestern China Friday night, killing at least two people at a facility that is reported to manufacture iPads.

Investors in Lehman-Linked Bonds Vote for Payout

Posted: 20 May 2011 09:55 AM PDT

Investors in Hong Kong who lost money from minibonds linked to collapsed investment bank Lehman Brothers voted overwhelmingly to accept an offer to recoup up to 96.5% of their investments.

U.S. Cyclist Hands Over Gold Medal

Posted: 20 May 2011 04:02 PM PDT

Cyclist Tyler Hamilton, who has accused Lance Armstrong of taking performance-enhancing drugs while they were teammates, handed over his 2004 Olympic gold medal to the U.S. Anti-Doping Agency.

ICE Raises Coffee-Price Band

Posted: 20 May 2011 04:18 PM PDT

IntercontinentalExchange is broadening its ability to cancel some trades whenever prices of arabica-coffee futures spike.

Israeli Leader, Obama Clash

Posted: 20 May 2011 03:54 PM PDT

Israeli Prime Minister Benjamin Netanyahu issued a rare public rebuke to a U.S. president in his own office, saying his country would not negotiate a peace deal based on borders that existed before 1967.

Fitch Cuts Greece; Investors Retreat

Posted: 20 May 2011 04:29 PM PDT

Fitch Ratings downgraded Greece's credit ratings three notches, citing the scale of the country's challenge in securing solvency. Yields on peripheral euro-zone government bonds rose and investors bought safe-haven German government bonds.

Ann Inc.'s Profit Rises 21%; Margins Shrink

Posted: 20 May 2011 12:55 PM PDT

Ann posted a 21% earnings increase and raised its full-year sales estimate, though the clothing retailer's margins contracted.

Sony Subsidiary's User Accounts Hacked

Posted: 20 May 2011 04:56 AM PDT

So-Net Entertainment said an online intruder stole about $1,225 in customers' redeemable gift points—days after Sony resumed services following a major data breach that involved 100 million user accounts.

Obama's Israel Surprise

Posted: 20 May 2011 06:27 AM PDT

Obama, seeking to get ahead of historic changes rolling through the Middle East, promised support for democratic uprisings in the Arab world and called to begin negotiations for a Palestinian state based on Israel's pre-1967 borders.