"Wallstreet" Reader

"Wallstreet" Reader

Apple, Intel Among Bidders for Nortel Patents

Posted: 17 Jun 2011 05:43 PM PDT

Apple, Intel and Ericsson are among the technology giants that will vie with Google to buy a trove of patents from the bankrupt Canadian company.

Labor Board Defends Boeing Actions

Posted: 17 Jun 2011 04:36 PM PDT

A National Labor Relations Board official defended the organization's actions against Boeing for the plane maker's decision to build a 787 Dreamliner factory in non-union South Carolina.

Regulators Close Georgia, Florida Banks

Posted: 17 Jun 2011 04:35 PM PDT

The FDIC said two banks failed, McIntosh State Bank in Georgia and First Commercial Bank of Tampa Bay in Florida, to bring the tally of closures so far this year to 47.

Euro Jitters Ricochet Across U.S.

Posted: 17 Jun 2011 07:06 PM PDT

Dozens of U.S. cities and towns are being bruised by the deepening Greek debt crisis, even though they are thousands of miles away and don't own any of the country's bonds.

Penney's New Boss to Split Duties

Posted: 17 Jun 2011 05:09 PM PDT

In a division of labor that caught some investors by surprise, Ron Johnson, credited with revolutionizing the concept of the retail store while at Apple, won't oversee stores at J.C. Penney when he takes over as chief executive.

McCourt Clears Hurdle in Battle for Dodgers

Posted: 17 Jun 2011 05:20 PM PDT

Embattled Los Angeles Dodgers owner Frank McCourt reached an agreement in his divorce that clears one hurdle in his hopes for maintaining control of the Dodgers. But he still faces significant obstacles.

DOJ to Review Google Deal

Posted: 17 Jun 2011 01:48 PM PDT

The Justice Department will conduct the antitrust review of Google's approximately $400 million purchase of Internet advertising company Admeld.

PNC Financial Wins Bid

Posted: 17 Jun 2011 05:13 PM PDT

PNC Financial Services won the bid for Royal Bank of Canada's U.S. retail banking business.

Corporate Bond Supply Slows

Posted: 17 Jun 2011 02:14 PM PDT

Corporate bond issuance fell to its slowest pace of the year this week as investors grew increasingly wary of risk.

Jurors Deliberate in Expert-Network Trial

Posted: 17 Jun 2011 01:05 PM PDT

Jurors began their deliberations in the first insider-trading trial stemming from a wide-ranging government probe of expert-network firms.

EU Bank-Rules Fight Widens

Posted: 17 Jun 2011 05:10 PM PDT

A European rift over banking regulations widened as Germany, France and three other countries called for a relatively relaxed approach to implementing a key international agreement across the European Union.

Tony Hayward's Return

Posted: 17 Jun 2011 09:11 AM PDT

Eight months after the Deepwater Horizon disaster chased Tony Hayward from the chief executive's post at BP, Vallares, a new investment vehicle he co-founded, raised a third more than expected via a London stock-market listing.

FDIC Nears WaMu Settlement

Posted: 17 Jun 2011 10:33 AM PDT

The FDIC is close to settling a lawsuit that accused former Washington Mutual executives of taking gambles that sparked the thrift's 2008 collapse.

Greek Crisis Eases for Now

Posted: 17 Jun 2011 06:39 PM PDT

German Chancellor Angela Merkel, after weeks of brinksmanship over Greece, gave ground, improving the chances that the struggling country will avoid a messy debt default this year that could threaten the stability of the euro currency area.

IMF Cuts Global Growth Forecast

Posted: 17 Jun 2011 12:53 PM PDT

The International Monetary Fund slightly lowered its estimate for global growth for this year to 4.3%, and said Europe's debt crisis and unexpectedly weak growth in the U.S. pose greater dangers to the global recovery than originally forecast.

TNK-BP Nears Deal For Stake in Brazil Deposit

Posted: 17 Jun 2011 11:18 AM PDT

BP's Russian joint venture TNK-BP hopes to close a deal to buy a 45% stake in an oil and gas deposit in Brazil's Solimoes region from Petra Energia SA within one month, the company's Deputy Chief Executive Maxim Barsky said.

Consumer Mood Darkens, but Indicators Brighten

Posted: 17 Jun 2011 04:25 PM PDT

The U.S. index of leading economic indicators rebounded in May, but consumer sentiment levels fell as of the middle of June, according to two data reports.

Europe Hits Back at U.S. Over Derivatives

Posted: 17 Jun 2011 08:01 AM PDT

The European Parliament has hit back at U.S. attempts to influence the European regulatory agenda in a punchy letter sent to U.S. Treasury Secretary Timothy Geithner, in which the ruling body disputes the U.S. interpretation of the G-20 mandate to reform the global derivatives market.

Greece Axes Finance Minister in Reshuffle

Posted: 17 Jun 2011 07:19 AM PDT

Greece's embattled Socialist government announced a sweeping cabinet reshuffle, replacing the country's finance minister in an effort to shore up support for unpopular economic reforms.

RIM Shares Dive

Posted: 17 Jun 2011 12:05 PM PDT

After slashing its profit forecast for the year and saying it would be shedding jobs, RIM saw its share price drop sharply again Friday.