"Wallstreet" Reader

"Wallstreet" Reader


China in Talks With Buyout Firm

Posted: 22 May 2011 07:16 PM PDT

China Development Bank is in talks to buy a minority stake in TPG Holdings, according to a person familiar with the situation, making it the latest major state-backed investor from abroad to seek a piece of the San Francisco-based buyout firm.

New Call to Greece to Sell Off Its Assets

Posted: 22 May 2011 06:29 PM PDT

Luxembourg Prime Minister Jean-Claude Juncker said that Greece should set up an agency to privatize state assets along the lines of the German institution that sold off East German enterprises in the 1990s.

Asia Shares Slip in Early Trading

Posted: 22 May 2011 06:53 PM PDT

Asian stock markets were down, with the Japanese market weighed by a newly negative outlook on construction-machinery makers while auto makers, hit by labor strife at a key supplier, dragged the Korean bourse lower.

Dell's Gadget Ambitions Come Down to Earth

Posted: 22 May 2011 04:47 PM PDT

Dell on Tuesday will release a slim laptop designed to better compete with Apple's MacBook but the company has pared its consumer ambitions after years of stumbling.

Internet Governance on G-8 Agenda

Posted: 22 May 2011 04:24 PM PDT

French President Sarkozy will host executives at a conference, ahead of a G-8 leaders summit in France, to discuss how governments can boost the online economy's growth while also regulating it.

Reynolds to Begin New Tobacco Ad Campaign

Posted: 22 May 2011 04:49 PM PDT

Tobacco giant Reynolds American is seizing on new antismoking laws in New York City this week to launch an advertising campaign for Camel Snus, a small but growing smokeless brand.

VW's Tennesse Plant Chops Labor Costs

Posted: 22 May 2011 07:14 PM PDT

Volkswagen will open a new Tennessee auto plant that gives the German auto maker much lower U.S. labor costs than not only its Detroit rivals but its Japanese competitors on American soil.

Stock Bulls Look Past Rough Patch

Posted: 22 May 2011 06:17 PM PDT

Stocks, commodities and other risky investments have sold off in recent weeks amid worries about global growth. But the relatively tame downturn in U.S. stocks is evidence that many investors expect the rally to resume in the coming months.

ING Can Be More With Less, CEO Says

Posted: 22 May 2011 03:56 PM PDT

ING CEO Jan Hommen says his strategy for downsizing from global player to local bank will leave the group stronger in the long term.

Recruiting in China Gets Harder

Posted: 22 May 2011 03:30 PM PDT

As foreign companies increase their presence in China, some are finding that local companies' growing success is making it harder to attract Chinese managers.

Explosions Rock Pakistan Naval Base

Posted: 22 May 2011 02:52 PM PDT

Explosions rocked a Pakistani military base in the southern city of Karachi in a late-night terror attack, setting off a fire visible from miles away and sowing confusion in the crowded Arabian Sea port.

A Sweet Spot for Soured European Bank Loans

Posted: 22 May 2011 07:15 PM PDT

As banks across Europe clean up their polluted balance sheets, it's causing a feeding frenzy among hedge funds and private-equity firms.

Study Sees Benefits in Outside Board Seats

Posted: 22 May 2011 04:49 PM PDT

CEOs with outside board seats sometimes perform better than those who don't have them, according to a new study.

Three Asian Giants Study Trade Pact

Posted: 22 May 2011 01:37 PM PDT

The leaders of Japan, China and South Korea pledged to speed up preparations for a possible three-way free trade pact.

TNT Pressured to Sell Express Business

Posted: 22 May 2011 04:02 PM PDT

TNT is preparing to split its mail and express operations, but pressure on management at the express business is mounting as doubts grow over its ability to deliver a turnaround.

Treasurys Gains at Risk

Posted: 22 May 2011 12:59 PM PDT

U.S. Treasury yields could rebound from their lows of the year as a wave of corporate bond sales hits the market.

Russian Internet Firm Leads IPO Pack

Posted: 22 May 2011 06:26 PM PDT

Eight initial public offerings will make their U.S. debuts this week, but there's one standout: Russian Internet search engine Yandex.

Newsweek Adds Schama to Roster of Writers

Posted: 22 May 2011 12:03 PM PDT

Simon Schama, the historian, New Yorker magazine critic and Columbia University professor, is joining Newsweek as a contributor to both the Daily Beast and Newsweek.

Gold Jingles for 'Pirates'

Posted: 22 May 2011 03:40 PM PDT

The fourth "Pirates of the Caribbean" movie raked in $346.4 million in its global opening weekend, putting it into the top five.

Ashton Kutcher's Contract Extends Only One Year

Posted: 22 May 2011 11:41 AM PDT

Ashton Kutcher, who replaces Charlie Sheen on "Two and a Half Men," has only a one-year contract to appear on the show