"Wallstreet" Reader

"Wallstreet" Reader

Nestlé Sees Higher Commodity Prices

Posted: 07 Jun 2011 05:00 PM PDT

A Nestlé executive said the company is facing unprecedented increases in prices for raw materials and expects the situation to continue for the next few years.

Margin Trips Up Commodity Investors

Posted: 07 Jun 2011 05:05 PM PDT

Commodity investors have long been used to wild market swings driven by wars and hurricanes. But recently a new risk has been added to their list: margin requirements.

Insurer Sets Earnings Cap

Posted: 07 Jun 2011 06:07 PM PDT

Blue Shield of California said it would limit how much of its earnings it keeps, amid public pressure to control health costs.

Europe Wrestles With Solutions for Greek Debt Crisis

Posted: 07 Jun 2011 05:03 PM PDT

Germany and other strong euro-zone countries want private-sector creditors to bear some of the burden for another bailout of Greece. But the European Central Bank, backed by France, doesn't want to do anything that would cast Greece into default.

IMF Candidates Trawl for Support

Posted: 07 Jun 2011 06:35 PM PDT

Mexican central banker Agustin Carstens said in Ottawa in an effort to win over Canada that his experience in managing economic turmoil and "fresh eyes" make him the ideal candidate to head the IMF.

Borders in Talks With Najafi Cos.

Posted: 07 Jun 2011 04:55 PM PDT

Private-equity firm Najafi Cos. is in discussions to buy Borders Group out of bankrutpcy court. The firm is competing against Gores Group, another bidder.

At Morgan Stanley, Focus Put on Costs

Posted: 07 Jun 2011 06:29 PM PDT

Morgan Stanley offered a glimpse into Wall Street's future, and the outlook has changed so much from the heady days of the past that the firm is planning to keep a close watch on BlackBerry usage.

A Former IMF Leader Tackles IPO Challenge

Posted: 07 Jun 2011 04:42 PM PDT

The initial public offering of Bankia, Spain's third-largest bank by assets, is shaping up as a make-or-break moment for the country's efforts to overhaul its savings banks.

FCC Backs Away From Aiding Media

Posted: 07 Jun 2011 05:12 PM PDT

The federal government's interest in helping the newspaper industry appears to be waning, based on a media-industry report from the FCC coming out Thursday.

Witness Details Alleged Illicit Trades

Posted: 07 Jun 2011 04:46 PM PDT

A former portfolio manager at hedge-fund firm SAC Capital Advisors testified Tuesday that he was involved in at least 18 instances of insider trading while at SAC and another firm.

Fed Sees U.S. Recovery Lagging

Posted: 07 Jun 2011 07:22 PM PDT

Bernanke offered a relatively glum view of the economy, acknowledging that it is growing more slowly than the Fed had expected, but predicted improvement later this year.

SEC Asks for Time on Query

Posted: 07 Jun 2011 06:57 PM PDT

Securities regulators asked for more time to respond to a congressional request to disclose how they handled referrals of suspicious trading by hedge fund SAC Capital Advisors over the past decade.

Tiger Woods to Miss U.S. Open

Posted: 07 Jun 2011 12:06 PM PDT

Injuries to his left knee and Achilles' are bad enough that the golfer decided Tuesday to skip the event for the first time since 1994.

EU Farm Chief Seeks E. Coli Aid

Posted: 07 Jun 2011 05:20 PM PDT

EU authorities are proposing to give vegetable farmers EU funds to destroy their product in an effort to bolster agriculture markets hard hit by the European E. coli outbreak.

Pickup in Muni Issuance Sparks Hopes of Revival

Posted: 07 Jun 2011 12:29 PM PDT

The municipal-bond market is expecting the highest weekly issuance volume of 2011, stoking hopes of a revival at a time when both supply and demand have remained weak.

Obama to Lose Top Economic Adviser

Posted: 06 Jun 2011 08:36 PM PDT

Austan Goolsbee, chairman of the White House Council of Economic Advisers, is leaving his position by the end of the summer, marking the latest shake-up in President Barack Obama's original economic team.

Beck to Charge for Online Network

Posted: 07 Jun 2011 11:26 AM PDT

Glenn Beck on Tuesday launched an online video network, GBTV, that will have a subscription fee. His online show will take the place of the one he's leaving on Fox News.

Pfizer Plans Deeper Cost Cuts

Posted: 07 Jun 2011 06:22 PM PDT

Pfizer is looking for $1 billion in extra yearly cost cuts on top of the billions of dollars in cuts to research and development that it was already making.

OPEC Nations Spar Over Output

Posted: 07 Jun 2011 05:11 PM PDT

Some Middle East oil powerbrokers, led by Saudi Arabia, are quietly pressing ahead with a plan for OPEC to boost output, as the group headed into what appeared to be its most uncertain meeting in years.

ECB Is Expected to Signal July Rate Rise

Posted: 07 Jun 2011 10:35 AM PDT

The ECB is expected to signal Thursday that it will raise euro-zone interest rates again in July amid stronger economic growth and persistent inflation.