"Wallstreet" Reader

"Wallstreet" Reader

Asian Shares Mostly Lower on Growth Concerns

Posted: 08 Jun 2011 07:21 PM PDT

Asian stock markets were mostly lower amid persistent concerns about the U.S. and global economic outlook. Japan's Nikkei Stock Average fell 0.1%.

Big Funds See Red in China

Posted: 08 Jun 2011 07:36 PM PDT

Hedge-fund titan John Paulson is hardly alone in his wager on a Chinese company whose stock lately has swooned. Several other prominent money managers made similar bets on stocks now struggling.

Stifel, Miller Buckfire Set Strategic Alliance

Posted: 08 Jun 2011 06:00 PM PDT

Stifel Financial is investing $40 million in investment bank Miller Buckfire as part of a strategic alliance to marry their respective strengths in capital markets and restructuring.

Fresh Downgrade Threat to U.S. Debt

Posted: 08 Jun 2011 04:48 PM PDT

A third rating agency threatened to downgrade the U.S. government's credit status if Congress failed to increase the nation's borrowing limit by early August.

UFC Circles G4 Gaming Network

Posted: 08 Jun 2011 05:51 PM PDT

Ultimate Fighting Championship, which pits boxers and martial-arts specialists against each other in bloody bouts, is in talks to acquire control of its own cable network, said people familiar with the matter.

Policy Makers Split on Size of Bank Capital

Posted: 08 Jun 2011 05:18 PM PDT

U.S. regulators are divided over how much higher to make capital standards for financial firms to protect against potential losses.

Texas Instruments Cuts Outlook, Citing Nokia

Posted: 08 Jun 2011 07:01 PM PDT

Texas Instruments reduced its expectations for the second quarter, citing weaker demand from wireless customer Nokia.

Scramble on 'Super 8'

Posted: 08 Jun 2011 06:38 PM PDT

Paramount Pictures is making an eleventh-hour social-media push to build buzz for the Abrams-Spielberg movie "Super 8," placing a late bet that word-of-mouth will be good.

FAA Proposes Airspeed-Sensor Fixes

Posted: 08 Jun 2011 05:43 PM PDT

The FAA is proposing mandatory fixes to potentially defective airspeed sensors on more than 1,000 regional jets, less than two weeks after investigators determined malfunctions of similar devices played a role in the crash of an Air France jetliner in 2009.

Warren Adviser Considered to Head Consumer Bureau

Posted: 08 Jun 2011 03:07 PM PDT

The White House is considering nominating Raj Date, a key adviser to Elizabeth Warren, to head the new Consumer Financial Protection Bureau.

FrontPoint's Eisman to Exit Firm

Posted: 08 Jun 2011 02:18 PM PDT

Hedge-fund manager Steve Eisman, known for his big bets against subprime mortgages and for-profit colleges, is leaving his firm, FrontPoint Partners.

Motion Filed in L'Oréal Dispute

Posted: 08 Jun 2011 06:19 PM PDT

The daughter of L'Oréal heiress Liliane Bettencourt filed a motion challenging the influence of her mother's entourage, six months after the mother and child settled years of litigation.

Google Redirects Kazakhstan Traffic

Posted: 08 Jun 2011 07:00 PM PDT

Google said it is steering Internet traffic away from its domain dedicated to the Central Asian country of Kazakhstan, after the government there demanded that Google use only servers inside the country.

Oprah Finale Scores 16.4 Million Viewers

Posted: 08 Jun 2011 03:19 PM PDT

Oprah Winfrey took her bow from daytime TV in front of her biggest audience in nearly two decades.

Fed Report Finds Cause for Optimism

Posted: 08 Jun 2011 07:18 PM PDT

The U.S. economy continued to grow this spring despite the hurdles of supply-chain shocks, high food and gasoline prices and severe weather, according to the Federal Reserve's beige book survey.

M&A Deal Value Jumps 39%

Posted: 08 Jun 2011 12:09 PM PDT

PricewaterhouseCoopers said the value of U.S. merger and acquisition deals in the first five months of 2011 was up 39% from a year earlier, and it expects activity to continue to pick up through the rest of the year.

H-P Escalates Fight With Oracle

Posted: 08 Jun 2011 11:17 AM PDT

H-P said it sent a demand letter to Oracle stating that its rival is legally bound to keep developing software for H-P servers that use an Intel chip called Itanium.

M&A Deal Value Jumps 39%

Posted: 08 Jun 2011 12:09 PM PDT

PricewaterhouseCoopers said the value of U.S. merger and acquisition deals in the first five months of 2011 was up 39% from a year earlier, and it expects activity to continue to pick up through the rest of the year.

H-P Escalates Fight With Oracle

Posted: 08 Jun 2011 11:17 AM PDT

H-P said it sent a demand letter to Oracle stating that its rival is legally bound to keep developing software for H-P servers that use an Intel chip called Itanium.

Gartner Cuts View for 2011 PC Sales

Posted: 08 Jun 2011 11:28 AM PDT

Gartner lowered its forecast for 2011 personal-computer shipments. The market-research firm now expects 9.3% growth, down from a previous forecast of 10.5%, as consumer spending tightens.