"Wallstreet" Reader

"Wallstreet" Reader


California Regulators Move to Investigate AT&T, T-Mobile Deal

Posted: 26 May 2011 07:22 PM PDT

California state regulators moved to launch an investigation of AT&T's proposed $39 billion acquisition of T-Mobile USA, opening another front in the battle over the controversial deal.

Asia Mostly Higher Despite Tokyo Slide

Posted: 26 May 2011 07:19 PM PDT

Asian stock markets were mostly higher in morning trading, though Japanese shares were pulled down by data showing higher consumer prices. The Nikkei was off 0.3%.

Ebay Sues Google Over Payments System

Posted: 26 May 2011 06:33 PM PDT

EBay and its PayPal unit sued Google over a mobile-payments system, alleging Google used trade secrets eBay developed in a competing product.

China Bought U.S. Corn

Posted: 26 May 2011 05:26 PM PDT

The U.S. government confirmed that exporters struck deals to sell corn to China, fueling expectations the Asian nation will be a customer whenever prices for the commodity dip.

TV Audience Shrinking

Posted: 26 May 2011 06:40 PM PDT

Wednesday marked the official end to the TV network season. Although the overall TV audience grew modestly, the number of younger viewers watching TV slipped again—raising the possibility that online video may be siphoning some away.

Hawaii Hotel Sues Marriott

Posted: 26 May 2011 04:30 PM PDT

The owners of a stylish but unsuccessful hotel in Honolulu sued to end their management agreement with Marriott, claiming that the company has failed to make a flashy new hotel brand a success.

Focus Turns to Executives in Expert-Network Probe

Posted: 26 May 2011 04:43 PM PDT

A sprawling insider-trading investigation involving public-company employees who freelance as consultants has widened to include the top executives of Primary Global Research, a so-called expert-network firm at the heart of the probe.

Abbott Dealt Blow in Cholesterol Drug Trial

Posted: 26 May 2011 04:46 PM PDT

In a blow to the pharmaceutical industry's efforts to harness so-called good cholesterol as a weapon against heart disease, federal health officials halted a clinical trial involving an HDL-boosting drug from Abbott Laboratories, saying it failed to prevent heart attacks and strokes.

Private-Jet Makers Look to China

Posted: 26 May 2011 03:24 PM PDT

The world's makers of executive jets are pinning their hopes for growth on the swelling ranks of China's super-rich.

Goldman Restructures Hotel Debt

Posted: 26 May 2011 03:58 PM PDT

Goldman Sachs's Whitehall Real Estate Funds restructured $1.42 billion of debt coming due on one of its largest hotel portfolios, the latest indication property owners are working through some of their most troubled assets.

Missouri's List of Missing Reaches 232

Posted: 26 May 2011 03:06 PM PDT

The Missouri Department of Public Safety released the list of 232 people who remained unaccounted for after Sunday's violent tornado flattened parts of Joplin, Mo.

Einhorn Close to Deal for Stake in the Mets

Posted: 26 May 2011 06:22 PM PDT

Hedge-fund manager David Einhorn said he agreed to pay $200 million for a minority stake in the New York Mets baseball club, a move that provides a boost to the franchise but doesn't appear to offer an obvious path to profits for Mr. Einhorn.

'Fox in Henhouse' at Nasdaq Guilty

Posted: 26 May 2011 07:42 PM PDT

Donald Johnson, a former Nasdaq official who was entrusted by top corporate executives with sensitive company details secretly traded on the information from his work computer to net more than $750,000 in illegal profits, federal government officials said.

HSBC Plans Course Correction

Posted: 26 May 2011 07:42 PM PDT

HSBC CEO Stuart Gulliver will have to explain why "The World's Local Bank" won't be nearly so local going forward when he faces shareholders at the bank's annual meeting.

Cable Firm Hires Esteves

Posted: 26 May 2011 12:18 PM PDT

Time Warner Cable said it named Irene M. Esteves as its new chief financial officer, confirming an earlier report in The Wall Street Journal.

Ratko Mladic Arrested

Posted: 26 May 2011 03:42 PM PDT

Ratko Mladic, the Bosnian Serb general accused of genocide, was captured in Serbia after a decade and a half on the run as one of the world's most wanted war criminals.

Palin to Launch Tour

Posted: 26 May 2011 01:30 PM PDT

Palin will launch a tour of the East Coast on Sunday that includes a stop in New Hampshire, a move likely to roil the GOP presidential nominating contest.

Ballmer Decries Huge China Sales Hole

Posted: 26 May 2011 06:55 PM PDT

Microsoft CEO Ballmer, speaking in China, detailed his company's struggle with piracy in the country and also hinted at plans for software for tablet devices soon.

Google Unveils Smartphone 'Wallet'

Posted: 26 May 2011 06:57 PM PDT

Google showed off its plans to create a digital wallet that will allow consumers with Android smartphones to pay for goods and services or receive coupons and offers by waving the device in front of a special reader at the checkout counter.

Syms Explores Options

Posted: 26 May 2011 11:00 AM PDT

Syms, a regional discount-apparel chain, said it was exploring strategic options, including a possible sale.