"Wallstreet" Reader

"Wallstreet" Reader

CBD Chairman Diniz Contacts Carrefour to Explore 'Growth'

Posted: 28 May 2011 05:36 PM PDT

Abilio Diniz, the chairman of Brazil's largest retailer, Companhia Brasileira de Distribuicao, has reached out to French retail giant Carrefour to explore "growth" opportunities, a move that could threaten a long-standing deal CBD has with Carrefour rival Groupe Casino.

Einhorn Deal Could Allow Controlling Interest in Mets

Posted: 28 May 2011 07:10 PM PDT

David Einhorn's $200 million agreement with the New York Mets to buy a minority stake in the team is essentially a loan that, after three years, could allow the hedge-fund titan to acquire a controlling interest in the team.

Japan and EU to Explore Trade Pact

Posted: 28 May 2011 06:42 AM PDT

Japan and the European Union agreed to look into a free trade pact, but their leaders stopped short of launching formal talks for the deal, which Japan sees as crucial for exports to its third-largest trading partner.

Dispute Puts Trade Deals at Risk

Posted: 27 May 2011 08:12 PM PDT

The centerpiece of the American trade agenda—a trio of international trade pacts worth $13 billion in new U.S. exports—is in peril as Democrats and Republicans battle over a program that provides aid to U.S. workers.

Biden Touts Auto Industry Turnaround

Posted: 28 May 2011 04:45 AM PDT

Vice President Joe Biden touted the Obama administration's bailouts of U.S. auto makers in the White House radio address, saying they succeeded in turning around the auto industry and helped the economic recovery.