"Wallstreet" Reader

"Wallstreet" Reader

Australia Bank Stocks, Honda Fall

Posted: 29 May 2011 06:32 PM PDT

Most Asian stocks fell with bank stocks pushing the Australian index down 0.2%, while Honda slipped on a report it won't conduct further share buybacks.

An Abundance of Advisers May Spoil Some Flotations

Posted: 29 May 2011 06:26 PM PDT

Bringing a lot of investment banks on board can spoil an initial public offering, data from research firm Dealogic suggest. An analysis of IPOs valued at $250 million and above since 2005 shows that companies that keep IPO bookrunners to a minimum tend to get a higher price for clients, and better returns for new investors.

Italy, Spain to Test Bond Markets

Posted: 29 May 2011 06:03 PM PDT

Officials are scheduled to conclude an examination of Greek government finances this week as bellwether bond auctions are expected to provide a sign of whether anxiety over Greece's debts is spreading.

Jobs Report Could Sting Dollar

Posted: 29 May 2011 03:33 PM PDT

A disappointing jobs report this week could put another round of Fed stimulus on the table, ending hopes for a dollar reprieve.

FIFA Suspends Two Officials in Bribery Probe

Posted: 29 May 2011 02:34 PM PDT

FIFA suspended two executive committee members Sunday amid allegations they bribed voters in the presidential election campaign. Soccer's governing body also cleared FIFA President Sepp Blatter of ignoring the alleged bribes.

Zuma Seeks Role in Libya Talks

Posted: 29 May 2011 09:46 AM PDT

South Africa's President Jacob Zuma is heading to Libya, the latest in a flurry of peacemaking trips that reflects a foreign policy driven by crisis and by ambition for an elevated role in the world.

Russia to Lift Grain Export Ban

Posted: 29 May 2011 02:30 PM PDT

Russian Prime Minister Vladimir Putin says the country will lift its ban on grain exports on July 1.

Japan Fears Postquake Investment Outflows

Posted: 29 May 2011 09:29 AM PDT

The March 11 earthquake and its aftermath have raised the risk of an outflow of foreign capital and talent from Japan, complicating the government's goal of attracting more inward investment.

Fed's Hoenig Sees Need to Lift Rates

Posted: 29 May 2011 11:40 AM PDT

Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, said the U.S. should learn lessons from the last decade when low interest rates ended up discouraging savings in the U.S. and causing economic problems.

Yemen Unrest Spreads South

Posted: 29 May 2011 01:09 PM PDT

Islamic fundamentalists battled forces loyal to President Ali Abdullah Saleh in Yemen's third-largest city, expanding the unrest from the capital in the north to the southern reaches of the nation.

French Minister Targeted in Sex Probe Resigns

Posted: 29 May 2011 06:33 AM PDT

Georges Tron, a French junior cabinet minister, resigned Sunday, four days after two women who worked with him filed a criminal sexual-harassment complaint against him.

Rebels Offer Amnesty to Pro-Gadhafi Soldiers

Posted: 28 May 2011 10:25 AM PDT

The political leader of Libya's rebels offered amnesty on Saturday to those ready to abandon Gadhafi and rejected all peace initiatives that were not predicated on the departure of the Libyan strongman.

Afghan Official: NATO Airstrike Kills 14

Posted: 29 May 2011 02:15 AM PDT

A North Atlantic Treaty Organization airstrike targeting insurgents inadvertently hit two civilian homes in the volatile southwestern Helmand province, killing 14 women and children, an Afghan government official said.

Wal-Mart Names Senior China Bosses

Posted: 29 May 2011 02:12 PM PDT

Wal-Mart moved quickly moved quickly to name successors for two former top China executives, whose resignations this month rattled the retail giant.