"Wallstreet" Reader

"Wallstreet" Reader

Economy Points Down, Takes Market With It

Posted: 04 Jun 2011 06:20 PM PDT

Suddenly, there are reasons for worry that stocks could be entering a difficult period, including poor economic data, troubling signs from the housing market and a rush of companies selling shares.

Thousands Rally in Hong Kong for Human Rights

Posted: 04 Jun 2011 04:45 PM PDT

Huge crowds in Hong Kong turned out to commemorate the Tiananmen Square crackdown of June 4, 1989, amid concerns that the human rights situation in China has taken a turn for the worse in the past year.

In Peru Election, Expats Take an Outsized Role

Posted: 04 Jun 2011 10:44 AM PDT

In the tightest presidential election in modern Peruvian history on Sunday, the 750,000 expatriates who are eligible to vote from countries such as Argentina, the U.S. and Spain are crucial.

U.S. OKs Keystone Pipeline Restart Plan

Posted: 04 Jun 2011 03:25 PM PDT

The U.S. Department of Transportation approved TransCanada's plan to restart its Keystone pipeline, which had been shut since a May 29 spill.

Study Shows Benefit of Zytiga

Posted: 04 Jun 2011 03:11 PM PDT

Johnson & Johnson's prostate cancer drug Zytiga showed a slightly improved survival benefit in updated data from a late-stage study that also revealed the potential for a new way to measure the common disease.

Russia-Led Fund Approves Belarus Bailout Loan

Posted: 04 Jun 2011 11:17 AM PDT

Cash-strapped Belarus on Saturday got a bailout loan from the Russia-led regional stabilization fund, but is still seeking another loan from the IMF.

Greece Creditors Must Give €30 Billion to Bailout

Posted: 04 Jun 2011 10:49 AM PDT

Euro-zone governments have reached a tentative deal on a new financing package for Greece that will seek roughly €30 billion in contributions from the country's private-sector creditors, senior euro-zone officials said Saturday.

Roche's Avastin Shows Ovarian Cancer Benefit

Posted: 04 Jun 2011 01:57 PM PDT

Two major studies of Roche's Avastin showed that the drug may benefit patients with advanced ovarian cancer, but it remains unclear if the drug actually extends lives in the difficult-to-treat disease.

U.S. Probing Tech Giants' Patent Deals

Posted: 03 Jun 2011 06:55 PM PDT

The Justice Department is scrutinizing Google, Apple and other likely bidders for a trove of patents being sold by the bankrupt Nortel Networks amid concerns the patents could be used to unfairly hobble competitors in the wireless industry.

OPEC to Consider Oil Output Increase

Posted: 04 Jun 2011 08:47 AM PDT

Key OPEC officials said the group is likely to raise its oil-output ceiling, but open criticism from Iran sets the stage for a public fight at the producer group's first gathering since this year's uprisings in the Middle East.

Nomura Cuts Cash Bonuses

Posted: 04 Jun 2011 08:10 AM PDT

Nomura has cut the cash bonuses for its top executives and directors after a sharp fall in profits.

Johnson & Johnson Ordered to Pay $327 Million

Posted: 03 Jun 2011 10:52 PM PDT

A South Carolina judge ordered Johnson & Johnson to pay the state $327 million in civil penalties after a jury concluded earlier this year the company misled doctors about the safety and effectiveness of antipsychotic Risperdal.