"Wallstreet" Reader

"Wallstreet" Reader

Chinese Go Shopping for European Businesses

Posted: 06 Jun 2011 07:32 PM PDT

Chinese companies are stepping up foreign direct investment and focusing especially on Europe, where they have purchased control of, or stakes in, hundreds of businesses in recent years.

Asian Shares Mostly Down

Posted: 06 Jun 2011 07:00 PM PDT

Asian stock markets were mostly down, with Australia's market slipping to a multiweek low amid global growth concerns and caution ahead of a keenly watched central bank rate decision. Australia's S&P/ASX 200 was off 0.5% at 4540.9.

SecurIDs Come Under Siege

Posted: 06 Jun 2011 06:57 PM PDT

RSA Security is offering to replace its well-known SecurID tokens in the wake of a breach of its security systems at Lockheed.

Regulatory Delay Stokes Unease Over Dodd-Frank

Posted: 06 Jun 2011 06:49 PM PDT

Banks, investors and companies are scrambling to cope with uncertainty caused by regulators' delays in fleshing out the Dodd-Frank financial-overhaul law.

Gross' Call: Early, or Plain Wrong on U.S. Debt?

Posted: 06 Jun 2011 06:00 PM PDT

Bill Gross, likely the world's best-known bond-fund manager, has staked his reputation—and more than a little cash—on a bet against U.S. Treasury debt. It hasn't been working out well for him.

Rival TMX Bid Group in Talks to Add Up to 4 New Members

Posted: 06 Jun 2011 04:20 PM PDT

A group of big Canadian banks and pension funds bidding for TMX Group are in talks to lure as many as four other financial-services firms to their consortium, according to a person familiar with the situation.

BP Aims to Salvage Rosneft Deal

Posted: 06 Jun 2011 07:39 PM PDT

BP signaled it is beginning preparations to sell part of its stake in its conflict-plagued Russian venture TNK-BP to OAO Rosneft.

Temple-Inland Rejects IP's $3.38 Billion Bid

Posted: 06 Jun 2011 07:56 PM PDT

International Paper is offering to acquire Temple-Inland for about $3.38 billion in cash, disclosing the bid publicly after being rejected by the rival cardboard-box maker in private discussions.

Goldman Ex-Director Sued Over Alleged Tips in Galleon Case

Posted: 06 Jun 2011 02:26 PM PDT

A Goldman Sachs Group shareholder sued a former director, Rajat Gupta, on Monday over tips the one-time board member allegedly gave hedge-fund founder Raj Rajaratnam about the investment bank.

Apple Opens Locker for Songs

Posted: 06 Jun 2011 05:35 PM PDT

Apple moved to compel consumers to buy more of its devices—with software and online services designed to more closely tie its gadgets together.

Weiner Says He Sent Photos, Won't Resign

Posted: 06 Jun 2011 07:03 PM PDT

Rep. Anthony Weiner admitted sending sexually suggestive photographs or messages to six women online over three years, but said he wouldn't resign over his behavior or the lies he told to cover it up.

Syria Says Forces Were Ambushed

Posted: 06 Jun 2011 03:02 PM PDT

Syria's state-run media said 120 members of the police and security forces were killed by armed groups.

Bayer Cancer Drug Does Well in Trial

Posted: 06 Jun 2011 06:38 PM PDT

Bayer said positive results for an experimental prostate-cancer drug could speed the drug's path to approval in an increasingly crowded market.

Insured Losses May Hit $7 Billion for U.S. Storms

Posted: 06 Jun 2011 02:47 PM PDT

The thunderstorms and tornadoes that struck the U.S. at the end of May caused insured losses of $4 billion to $7 billion, according to a disaster-modeling firm.

Paris Favors Debt Rollover

Posted: 06 Jun 2011 04:21 PM PDT

France favors a debt rollover by private banks as part of a global package to provide additional financial support to Greece, senior French officials said.

County Aims to Slash 33% of Workers

Posted: 06 Jun 2011 07:06 PM PDT

Jefferson County, Ala., struggling with the fiscal fallout of a failed sewer bond financing, is considering whether to lay off nearly one-third of its work force.

ABC Confirms New Couric Show

Posted: 06 Jun 2011 04:14 PM PDT

ABC shook up its daytime line-up, turning to Katie Couric to host a new afternoon talk show as television broadcasters scramble to hang on to daytime viewers.

Japanese Exporters Screen Shipments for Radiation

Posted: 06 Jun 2011 06:17 PM PDT

Since the nuclear crisis, many global consumers have equated "Made in Japan" with "potentially radioactive," hurting business across the country. One exception: radiation testing for exporters seeking to reassure overseas clients.

Goldman to Fight Senate Report

Posted: 06 Jun 2011 12:50 PM PDT

Goldman, trying to counter a Senate subcommittee report that is fueling investigations of the firm, plans to accuse the subcommittee of drastically overstating the firm's bets against the housing market in 2007.

Ex-Madoff Employee Pleads Guilty

Posted: 06 Jun 2011 03:34 PM PDT

Eric S. Lipkin, a former employee of convicted Ponzi scheme operator Bernard Madoff, has admitted to making false records that were submitted to the Securities and Exchange Commission and lying to a bank.