"Wallstreet" Reader

"Wallstreet" Reader

Firms Come Clean on Hacks

Posted: 16 Jun 2011 06:08 PM PDT

With hacking breaches more commonplace, an industry of experts has emerged to help companies formulate breach-response plans—often before an incident occurs.

FAA Set to Give Investors Peek at M&A Air

Posted: 16 Jun 2011 07:35 PM PDT

The FAA soon will provide some big news—to investors, not just fliers. Investors soon may be able to track where corporate jets are flying and perhaps glean information about mergers in the making.

Greece Concerns Weigh on Asia Markets

Posted: 16 Jun 2011 06:45 PM PDT

Asian stock markets were mixed in choppy trade Friday, as sentiment remained jittery amid concerns over Greek debt woes. The Nikkei was up 0.1%.

Facebook Seeks to Shape Mobile-App Software

Posted: 16 Jun 2011 06:24 PM PDT

Facebook is angling to play a bigger role in shaping the way software gets developed for mobile devices, encouraging developers who write Facebook apps to do so for mobile gadgets using a relatively new standard called HTML5.

Wall Street Eyed in Metal Squeeze

Posted: 16 Jun 2011 06:10 PM PDT

Goldman Sachs and other owners of large metals warehouses are being scrutinized by the London Metal Exchange after being accused by users like Coca-Cola of restricting the amount of metal they release to customers, inflating prices.

Prada IPO Raises $2.14 Billion

Posted: 16 Jun 2011 05:50 PM PDT

Prada raised US$2.14 billion in a Hong Kong IPO by pricing its shares at the bottom of its latest price guidance, a person familiar with the situation said.

RIM Warns of More BlackBerry Blues

Posted: 16 Jun 2011 06:20 PM PDT

Research In Motion sliced its earnings outlook and said it would start laying off employees, in grim results that suggest its aging smartphone line and delays in introducing new devices are eroding its business faster than expected.

TV Spots Resist Flow of Dollars to the Web

Posted: 16 Jun 2011 05:09 PM PDT

Despite the surge of ad dollars marketers are pouring online, advertisers aren't cutting back their television ad budgets anytime soon.

U.K. Jabs EU on Bank Rules

Posted: 16 Jun 2011 04:41 PM PDT

British officials are waging an increasingly aggressive fight to impose banking regulations as they see fit—even if they go further than rules elsewhere in the European Union.

France to Replace Areva CEO

Posted: 16 Jun 2011 04:46 PM PDT

The French government has decided to replace Anne Lauvergeon, the longstanding chief executive of state-controlled nuclear engineering giant Areva and one of France's most high-profile women.

Capital One Wins Bid for ING's U.S. Online Bank

Posted: 16 Jun 2011 04:53 PM PDT

ING Groep decided to sell its U.S. online-banking business to Capital One Financial, in a $9 billion cash-and-stock deal.

Toyota Sees Full Production by Fall

Posted: 16 Jun 2011 05:39 PM PDT

Toyota said its North American factories will return to full production by September, two to three months ahead of an earlier forecast and signaling it is near an end to output disruptions caused by the March 11 earthquake.

Ackman Eyes IPO for New Fund

Posted: 16 Jun 2011 04:10 PM PDT

Hedge-fund investor William Ackman is considering raising a new fund through an initial public offering, a move that could allow him to secure billions of dollars in permanent capital for new investments.

Italy Tries to Tweak Europe Central Bank Board

Posted: 16 Jun 2011 06:22 PM PDT

Italy's government has asked Lorenzo Bini Smaghi, Italian member of the European Central Bank's executive board, to step down nearly two years before his term ends in order to facilitate the ascension of countryman Mario Draghi as the bank's president.

Alibaba Breaks Up E-Commerce Unit

Posted: 16 Jun 2011 07:00 PM PDT

Alibaba Group announced a major restructuring of its key Taobao unit, splitting the popular Chinese e-commerce platform into three separate companies focused on different market segments.

Boeing Aircraft Demand Rises

Posted: 16 Jun 2011 06:52 AM PDT

Boeing raised its forecast for the global commercial-aircraft market over the next 20 years by 8%, and now expects demand for 33,500 aircraft worth a total of $4 trillion.

Greek Lawmakers Quit As Crisis Gathers Pace

Posted: 16 Jun 2011 06:39 AM PDT

Prime Minister George Papandreou will announce later Thursday a new cabinet to shore up fast-eroding support, as more members of his Socialist Party come out in opposition to government policies.

Blue Chips Gain

Posted: 16 Jun 2011 06:13 PM PDT

U.S. blue-chip stocks rose but other measures lagged behind as risk-averse investors dumped materials and technology shares.

Greek Drama Spooks Bond Market

Posted: 16 Jun 2011 06:09 AM PDT

The cost of insuring Greek government bonds against default soared to another record as a growing crisis cast doubt on the country's ability to continue qualifying for international aid.

Unemployment Claims Fall but Job Market Stays Weak

Posted: 16 Jun 2011 05:13 PM PDT

Claims filed by unemployed Americans fell last week but remained above 400,000. Separately, U.S. home construction rose modestly in May but are still sluggish.