"Wallstreet" Reader

"Wallstreet" Reader

Europe Sinks Markets

Posted: 23 May 2011 07:39 PM PDT

Global stock and commodity markets fell amid escalating worries about China's economic growth and fresh troubles for Europe's debt-laden countries, signaling that investors are concerned about the strength of the global economy's recovery.

Air France Data Point to Pilot Error

Posted: 23 May 2011 06:04 PM PDT

The pilots of an Air France jet that crashed into the Atlantic two years ago apparently became distracted with faulty airspeed indicators and failed to properly deal with other vital systems, according to preliminary findings from the plane's recorders.

T-Bills Stay Hot, Pushing Yields to Floor

Posted: 23 May 2011 04:56 PM PDT

Add this to the list of hot investments alongside tech IPOs and precious metals: the lowly Treasury bill.

AIG's 'Re-IPO' Remains on Go-Ahead

Posted: 23 May 2011 06:09 PM PDT

The long-awaited $9 billion stock offering from American International Group and the U.S. Treasury is on track to price Tuesday afternoon in spite of recent market weakness.

Dow Sinks 130 Points

Posted: 23 May 2011 04:30 PM PDT

Stocks plummeted as investors' concerns over the financial health of European governments triggered a flight to safer assets.

Liberty Has Faith in Nook

Posted: 23 May 2011 10:55 AM PDT

Liberty Media chairman John Malone said he believes the Android operating system powering Barnes & Noble's Nook could dominated the e-book market.

EBay CEO Continues To Seek Acquisitions

Posted: 23 May 2011 10:35 AM PDT

EBay could use some of the $2.4 billion it will receive from the sale of its remaining 30% stake in Internet telephony pioneer Skype to make acquisitions and return money to investors through share buybacks.

Greece Expands Privatization Plans

Posted: 23 May 2011 12:34 PM PDT

Greece, under pressure from Germany and other euro-zone members to reduce its massive debt burden, said on Monday it would accelerate its long-delayed plans to sell off €50 billion ($70.7 billion) of state-owned assets over the next five years.

Citi Hires Ex-CEO of PwC

Posted: 23 May 2011 09:46 AM PDT

Samuel Di Piazza Jr., the former chief executive of PricewaterhouseCoopers International, joined the growing group of rainmakers who recently joined Citigroup.

Renault May Tap Nissan's Tavares

Posted: 23 May 2011 09:46 AM PDT

Carlos Tavares, the head of Nissan Motor Co.'s Americas unit, has emerged as a leading candidate to become Carlos Ghosn's deputy at Renault SA, according to a person familiar with the situation.

Wal-Mart Tests Sales Of Large Appliances

Posted: 23 May 2011 09:25 AM PDT

Wal-Mart, in a test program, is selling large appliances in Texas as it looks for ways to increase revenue in the U.S. An earlier attempt to add large appliances was discontinued.

Chrysler Sets Bailout Repayment

Posted: 23 May 2011 09:37 AM PDT

Chrysler will formally announce the repayment of $7.5 billion in bailout loans it received from the U.S. and Canadian governments when its chief executive and government officials visit a Michigan auto plant on Tuesday.

U.S. Sues to Stop H&R Block Deal

Posted: 23 May 2011 03:14 PM PDT

The Justice Department is suing to block H&R Block's planned acquisition of TaxAct software, saying it would reduce competition in the do-it-yourself tax preparation market.

Toyota Panel Points to Management Revamp

Posted: 23 May 2011 09:05 AM PDT

Toyota should have some foreign directors and should appoint a North American operations chief to better respond to and head off safety and quality problems, an independent panel recommended on Monday.

Hartford to Shed Tie to TARP

Posted: 23 May 2011 03:38 PM PDT

Hartford Financial Services Group said it would sell a tiny Florida bank it purchased in 2009 to qualify for a federal bailout.

Toyota Plans Social Network for Car Owners

Posted: 23 May 2011 08:43 AM PDT

Toyota and Salesforce.com agreed to create a social network that would allow owners of future Toyota electric and plug-in hybrids connect with each other and obtain information on their vehicles.

Boeing, General Dynamics Snag Win

Posted: 23 May 2011 04:09 PM PDT

The U.S. Supreme Court threw out a ruling that could have cost Boeing and General Dynamics $3 billion tied to a canceled contract to build a Navy stealth-fighter jet.

BP-Rosneft Deal 'Dead' for Now

Posted: 23 May 2011 04:05 PM PDT

Russia's energy minister said he doesn't expect BP and Rosneft to be able to revive their landmark alliance after it was blocked by BP's existing Russian partners, but he said the two giants are continuing discussions.

Spain's Lottery IPO Moves Ahead

Posted: 23 May 2011 03:47 PM PDT

The Spanish government is about to select three advisers to help it carry out the privatization of the national lottery, in what is set to become the country's biggest IPO and one of Europe's largest in the past decade.

Factory Blast Roils Tech Supply Chain

Posted: 23 May 2011 04:58 PM PDT

A deadly factory explosion is putting new scrutiny on the technology industry's biggest Chinese manufacturer and raising concerns about the supply of tablets, laptops and televisions from Apple to H-P.