"Wallstreet" Reader

"Wallstreet" Reader

Daily Deals Rescue Local-Ad Market

Posted: 13 Jun 2011 07:53 PM PDT

To win in the fast-growing digital-advertising market, Web companies such as Facebook, Google and Groupon are increasingly wooing mom-and-pop businesses.

Sticking With It on China

Posted: 13 Jun 2011 06:50 PM PDT

Short sellers are deriding them. Regulators are investigating them. Some companies themselves have admitted accounting errors. What is Peter Siris doing with Chinese stocks? Buying.

Retirement Plans Make Comeback, With Limits

Posted: 13 Jun 2011 06:52 PM PDT

Many U.S. companies that during the recession cut 401(k) matching contributions are beginning to restore them, with new restrictions.

Investors Add Inflation to Worries

Posted: 13 Jun 2011 07:04 PM PDT

For the past six weeks, stock-market investors have had their eyes trained on the sputtering economy. Now, some are also focusing on the prospect of a pernicious sidekick: creeping inflation.

More Disclosure Required for Businesses

Posted: 13 Jun 2011 05:41 PM PDT

The Obama administration is moving to require companies, universities and nonprofit organizations that do business with the federal government to disclose more about how they use federal dollars, and to subject them to tougher background checks.

ING's Board to Meet on Sale of U.S. Online Bank

Posted: 13 Jun 2011 04:36 PM PDT

ING Groep's board is expected to decide Wednesday on a buyer for its U.S. online-banking business, with Capital One the lead contender.

U.S. Says BofA 'Hindered' Foreclosure Probe

Posted: 13 Jun 2011 06:01 PM PDT

A U.S. official said Bank of America "significantly hindered" a federal investigation of the company's foreclosure practices.

Massachusetts Says Bank Overcharged Pension Fund

Posted: 13 Jun 2011 04:04 PM PDT

Massachusetts officials alleged that Bank of New York Mellon overcharged the state's $50 billion pension fund for currency transactions.

H-P Puts Executive Shake-Up in Motion

Posted: 13 Jun 2011 07:53 PM PDT

Hewlett-Packard said two senior executives are leaving the company and a third is giving up day-to-day responsibilities to join its board, in the latest move by Chief Executive Leo Apotheker to set a new direction for the technology giant.

States to Fight Lawsuit Accord

Posted: 13 Jun 2011 07:24 PM PDT

Attorneys general in 38 states said the class-action settlement could make it much harder for state law-enforcement officials to regulate debt collectors.

SEC, 2 Chinese Firms in Tussle

Posted: 13 Jun 2011 05:14 PM PDT

The Securities and Exchange Commission has instituted proceedings to determine whether orders should be issued to suspend share-registration statements filed by two Chinese companies.

N.Y. Expands Mortgage Probe

Posted: 13 Jun 2011 01:34 PM PDT

New York Attorney General Eric Schneiderman has requested information from Deutsche Bank and Bank of New York Mellon related to their role as trustees in the bundling of mortgage loans in securities.

U.S. Scores More Insider Convictions

Posted: 13 Jun 2011 04:54 PM PDT

Three hedge-fund traders were convicted Monday on all charges of fraud and conspiracy, in the latest victory for prosecutors cracking down on insider trading in corporate America.

S&P Cuts Greece Rating

Posted: 13 Jun 2011 05:16 PM PDT

Standard & Poor's cut its rating on Greece three notches, lower than any other country it rates, citing its belief of a higher likelihood of one or more defaults over the next 12 months.

China Jitters Delay Firms' Dollar Bonds

Posted: 13 Jun 2011 02:54 PM PDT

Two China-based companies have delayed U.S.-dollar bond issues in Hong Kong in a sign that economic worries and a U.S. probe into the accounting practices of Chinese firms are hitting broader bond-market sentiment.

Blue Chips Eke Out a Gain

Posted: 13 Jun 2011 06:35 PM PDT

Buyout activity helped U.S. blue-chip stocks eke out a gain, though the economic worries that have driven six straight weeks of losses kept traders cautious and weighed on the technology sector.

Perkins Files for Bankruptcy Protection

Posted: 13 Jun 2011 04:10 PM PDT

Perkins & Marie Callender's filed for Chapter 11 bankruptcy protection after securing key creditors' support for a plan to slash the company's $440 million debt load.

Banks Get 30 More Days to Fix Foreclosure Practices

Posted: 13 Jun 2011 08:51 AM PDT

U.S. bank regulators said they will give 14 financial institutions an additional 30 days to submit plans to fix problems with their home-foreclosure practices, allowing more time to complete a broader settlement with state and federal agencies.

EBay Settles GSI Suits With Additional Payment

Posted: 13 Jun 2011 08:02 AM PDT

EBay agreed to settle shareholder suits over its planned acquisition of GSI Commerce, adding 33 cents a share to what GSI holders will receive.

Justices Block Suit Against Janus

Posted: 13 Jun 2011 04:14 PM PDT

A divided U.S. Supreme Court blocked an investor lawsuit against Janus Capital Group that alleged the company made false statements in some Janus mutual-fund prospectuses.