"Wallstreet" Reader

"Wallstreet" Reader

Lockheed Network Suffers Breach

Posted: 27 May 2011 06:35 PM PDT

Hackers may have infiltrated the networks of top U.S. weapons manufacturer Lockheed Martin, according to a person with knowledge of the attacks.

Foreclosure Activity Tumbled in April

Posted: 27 May 2011 05:11 PM PDT

Banks initiated fewer foreclosures in April than in any month since late 2008, even though the number of loans in foreclosure remains near records, offering the latest evidence that banks are struggling to repair hobbled foreclosure processes.

RIM Hopes Cars Drive PlayBook Sales

Posted: 27 May 2011 06:13 PM PDT

Research in Motion may be falling behind rivals in the smartphone war, but it is hoping to pull ahead in the brewing battle to bring mobile technology into the car.

Big Indonesia Banks Chase Microloans

Posted: 27 May 2011 04:24 PM PDT

Top banks in Indonesia are rapidly rolling out hundreds of microlending branches across the archipelago in the latest push by financial institutions to expand their reach—and boost earnings—by serving the less affluent.

Norwegian Shipping Tycoon in Spotlight

Posted: 27 May 2011 06:12 PM PDT

U.S. regulators' lawsuit over alleged manipulation of crude-oil prices in 2008 has shone a spotlight on John Fredriksen, a shipping tycoon whose risky bets, shrewd investments and buccaneering style have made him Norway's richest man.

No May Flowers Bloom for U.S. Stock Investors

Posted: 27 May 2011 04:17 PM PDT

Selling in May and going away turned out to be a good idea. Despite Friday's 38.82-point rise, U.S. stocks ended the week in negative territory, pushing their losing streak to a fourth week.

New Greek Debt Risk: Word Games

Posted: 27 May 2011 05:28 PM PDT

Whether any Greek debt workout is called a "soft restructuring," a "reprofiling" or some other term could determine whether sellers of credit default swaps have to pay.

Wells Fargo Plans Insurance Growth

Posted: 27 May 2011 05:04 PM PDT

Wells Fargo, the giant bank that already runs the fifth-largest insurance broker in the world by revenue, is seeking to double that revenue in the next decade.

Judge Clears Corporate Political Giving

Posted: 27 May 2011 02:21 PM PDT

Corporations would be permitted to donate directly to political candidates for the first time in more than a century under a ruling, almost certain to be appealed, by a federal district judge in Virginia.

FCC Asks AT&T for Pricing, Spectrum Data

Posted: 27 May 2011 05:23 PM PDT

Federal telecommunications regulators reviewing AT&T's proposed acquisition of T-Mobile on Friday delivered their first request for information on the deal, demanding detailed data on AT&T's pricing, spectrum holdings and any alternatives it considered to solve its capacity constraints.

Missing List in Joplin Tornado Drops to 156

Posted: 27 May 2011 01:15 PM PDT

Ninety of the people unaccounted for after the Joplin, Mo., tornado have been located and are alive. In addition, six of the missing have been confirmed dead.

Sotomayor Got $1.175 Million Book Advance

Posted: 27 May 2011 11:47 AM PDT

U.S. Supreme Court Justice Sonia Sotomayor received a $1.175 million book advance last year to write a coming-of-age memoir, according to financial disclosure reports made public on Friday.

Fiat to Acquire Majority of Chrysler

Posted: 27 May 2011 02:11 PM PDT

Fiat said it plans in the next 10 days to buy the U.S. Treasury's 6% stake in Chrysler, giving it majority control of the auto maker and raising questions about whether Chrysler will go ahead with a public offering of shares.

Two More Plead Guilty in 'Expert Network' Case

Posted: 27 May 2011 07:01 PM PDT

A former hedge-fund manager and an ex-analyst at a technology firm have become the latest to plead guilty to criminal charges related to an alleged insider-trading scheme involving "expert network" firms.

Crash Report Shows Confused Cockpit

Posted: 27 May 2011 12:26 PM PDT

Air France jetliner pilots continued to pull the nose up sharply even as the stalled Airbus A330 plummeted toward the Atlantic Ocean in 2009, according to accident investigators.

Dexia to Speed Up Restructure

Posted: 27 May 2011 05:46 AM PDT

Belgian bank Dexia said it was speeding up its restructuring plan in a move that will reduce its U.S. exposure and improve earnings forecasts but will result in a $5.09 billion hit to its second-quarter results.

HSBC Chairman's Rebuke

Posted: 27 May 2011 11:50 AM PDT

HSBC Holdings received a symbolic slap on the wrist from shareholders at the bank's annual meeting, as a sizeable minority of votes opposed the company's remuneration plan and some of its board members.

Mladic to Be Extradited for War Crimes

Posted: 27 May 2011 07:32 AM PDT

Ratko Mladic, the former Bosnian Serb military commander arrested on genocide charges, is eligible for extradition and should be sent to an international war-crimes tribunal in The Hague, a Serbian judge ruled.

GM Nears Human-Resources Hire

Posted: 27 May 2011 08:33 AM PDT

General Motors is close to hiring an auto-industry outsider to lead its human-resources operations after government-imposed pay limits slowed the search for months.

Consumer Spending Slows

Posted: 27 May 2011 06:30 PM PDT

Spending by Americans slowed in April, rising 0.4% from a month earlier, a sign that rising prices for gasoline and groceries squeezed the economic recovery going into spring.