"Wallstreet" Reader

"Wallstreet" Reader

This Country Needs a Good 5% CPI

Posted: 18 Jun 2011 05:46 PM PDT

Here's a heretical thought. Maybe we actually need a serious dose of inflation to get this economy moving again -- something like a sustained 5% annual rise in the Consumer Price Index.

Reservoir Releases to Rise on Missouri

Posted: 18 Jun 2011 12:01 PM PDT

The Army Corps of Engineers is increasing already record releases from two reservoirs in its six-dam flood control system on the upper Missouri River for most of the summer, amid expectations for another three to five inches of rain in the basin by Wednesday.

Obama Plays Round of Golf With Boehner

Posted: 18 Jun 2011 02:56 PM PDT

President Barack Obama hit the golf course with House Speaker John Boehner Saturday at Andrews Air Force Base. The outing is the first one-on-one social time the two leaders from opposing political parties have spent together.

Network Woes for United Disrupt Flights

Posted: 18 Jun 2011 12:00 PM PDT

United Airlines said the "network connectivity" issues that disrupted flights on Friday night have been resolved. United said it was in the process of restoring normal flight operations and rebooking passengers Saturday.

Russia to Lower U.S. Debt Holdings

Posted: 18 Jun 2011 09:27 AM PDT

Russia will likely continue lowering its U.S. debt holdings as Washington struggles to contain a budget deficit and bolster a tepid economic recovery, a top aide to President Dmitry Medvedev said Saturday.

CFM: New Chinese Commercial Jet on Track for 2016

Posted: 18 Jun 2011 03:52 PM PDT

Jet engine manufacturer CFM International says it expects to see major orders for its products at this week's Paris International Air Show and that work on the Chinese C919 commercial jetliner remains on track for a 2016 service date.

Target Store Votes Against Union

Posted: 18 Jun 2011 11:14 AM PDT

Target Corp.'s Valley Stream, N.Y., store voted 137 to 85 against joining the largest retail union in the U.S., in a contentious vote closely watched by labor organizers.

Investors Sour on BlackBerry

Posted: 17 Jun 2011 08:27 PM PDT

BlackBerry maker Research In Motion saw investors abandon the company in droves amid fresh concerns about its future.

Demo Flight Seeks to Generate Momentum for Biofuels

Posted: 18 Jun 2011 07:18 AM PDT

Honeywell flew a business jet across the Atlantic on Saturday using a blend of of its vegetable-based "Green Jet Fuel" and traditional petroleum-based fuel and landed safely at Le Bourget Airport outside Paris.