"Wallstreet" Reader

"Wallstreet" Reader

Economic Report Aids Japan

Posted: 30 May 2011 07:23 PM PDT

Asian stock markets were higher with the Nikkei lifted 0.7% by an upbeat outlook from Japan's manufacturers.

Canada's GDP Expands 3.9%

Posted: 30 May 2011 06:29 PM PDT

Canada's economy expanded at a 3.9% annualized pace in January through March, the fastest clip in a year and more than double the rate in the U.S.

Rivals See Round 2 in Fight for TMX

Posted: 30 May 2011 05:40 PM PDT

The fight for the 150-year old Toronto Stock Exchange is pitting some of the biggest names in Canada's tight-knit financial community against one another, in a showdown for shareholder support that will soon come to a head.

AT&T's Critics on Deal Growing

Posted: 30 May 2011 05:19 PM PDT

AT&T faces growing opposition to its $39 billion takeover of T-Mobile USA, as competitors, state regulators and elected officials have expressed concerns in recent days over the proposed deal with Deutsche Telekom.

Hackers Broaden Attacks

Posted: 30 May 2011 05:14 PM PDT

Hacking incidents at defense contractor Lockheed Martin and broadcaster PBS that surfaced over the past few days show how widespread corporate breaches have become and underline how any organization can become a victim.

Lagarde, on Visit to Brazil, Vows Speedy IMF Reforms

Posted: 30 May 2011 07:18 PM PDT

French Finance Minister Christine Lagarde, the frontrunner candidate to take over leadership of the International Monetary Fund, said she is committed to continued overhauls to give emerging nations greater say in its management.

'Hangover' Takes in Record Opening

Posted: 30 May 2011 07:22 PM PDT

"The Hangover Part II" led a record-breaking weekend at the box office over the Memorial Day holiday weekend, earning $137.4 million domestically from Thursday through Monday according to early studio estimates.

Airlines' Revenue From Add-On Fees Soars

Posted: 30 May 2011 03:50 PM PDT

Airline revenue from add-ons to ticket sales jumped to almost $22 billion last year and continues to soar as more carriers chase extra sources of income.

Berlin Considers a Shift on Greek Debt

Posted: 30 May 2011 07:15 PM PDT

Germany is considering dropping its push for an early rescheduling of Greek bonds in order to facilitate a new package of aid loans for Greece, according to people familiar with the matter.

Holders Seek Halt on Sale of Massey

Posted: 30 May 2011 06:59 PM PDT

A group of Massey Energy investors has asked a West Virginia court to block the company's $7.1 billion sale to Alpha Natural Resources.

Carrefour Board to Meet Tuesday

Posted: 30 May 2011 04:02 PM PDT

The supervisory board of French retailer Carrefour is due to meet Tuesday in the wake of an overture aimed at the company's Brazilian business.

India Weighing Looser Web Rules

Posted: 30 May 2011 04:57 PM PDT

Indian authorities are considering revisions to new Internet regulations after criticism from free-speech advocates and companies like Google that fear they could be exposed to liability under the regime.

Wheat's Rise Bites Bakers

Posted: 30 May 2011 02:50 PM PDT

Wet weather is preventing farmers in the U.S. northern Plains from planting the spring wheat crop. Growers in the southern Plains and western Europe have had the opposite problem, as drought cuts output.

Hermès Clan Voices Will to Keep Control

Posted: 30 May 2011 04:06 PM PDT

Family shareholders of Hermes are determined to keep their grip on the company, while larger rival and shareholder LVMH sought to portray itself as a legitimate holder at Hermes' annual meeting.

Barclays to Hire Spain's Ex-Finance Minister

Posted: 30 May 2011 10:54 AM PDT

Barclays plans to hire Spain's former finance minister, Pedro Solbes, to the board of its Spanish unit.

Ohio State's Tressel Quits Amid Probe

Posted: 30 May 2011 12:31 PM PDT

Ohio State's Jim Tressel, one of college football's highest-profile and most successful head coaches, resigned amid a scandal over alleged rules violations.

Cheers, Jeers Greet Flood of New Shares

Posted: 30 May 2011 06:24 PM PDT

May was the most active month for IPOs in the U.S. this year, but their performance was all over the map.

Samsonite Plans Hong Kong IPO

Posted: 30 May 2011 01:09 PM PDT

U.S. luggage maker Samsonite is seeking to raise up to $1.51 billion in a Hong Kong initial public offering as retailers look to the city as a gateway to the China market.

Renault Taps Carlos Tavares for No. 2 Role

Posted: 30 May 2011 07:20 PM PDT

Renault appointed Carlos Tavares to the role of operating chief as the French car maker tries to move on from an embarrassing fake espionage case.

UBS: From Discounts to Profits

Posted: 29 May 2011 03:59 PM PDT

UBS was so battered by the financial crisis and attacks from foreign countries on its secretive banking traditions that it had to offer wealthy clients hefty fee discounts to prevent them from leaving. That policy is paying off.