"Wallstreet" Reader

"Wallstreet" Reader

Lending Battle Is Risky Business

Posted: 20 Jun 2011 05:33 PM PDT

Banks and other lenders are engaged in an increasingly pitched fight for some corporate borrowers, raising concerns that the banks are not charging enough to cover the risk they are taking on.

Most Asian Shares Rise

Posted: 20 Jun 2011 06:45 PM PDT

Asian stock markets were mostly higher Tuesday as concerns about a potential Greek debt default eased, while Foster's Group surged in Sydney after the beer maker rejected a nearly $10 billion dollar takeover bid from London-based SABMiller.

Moguls Vie to Write Borders's Future

Posted: 20 Jun 2011 07:57 PM PDT

When Borders was founded four decades ago, two immigrants who would make their fortunes as buyout moguls arrived in the U.S. from the Mideast. Now, the two rivals represent the chain's best hope of avoiding liquidation.

Baseball's Dodger Deal Strikes Out

Posted: 20 Jun 2011 06:52 PM PDT

MLB Commission Bud Selig vetoed a broadcast deal by the Los Angeles Dodgers, a move that could push the club into insolvency and set up a court battle with owner Frank McCourt.

SABMiller Pursues Foster's

Posted: 20 Jun 2011 07:50 PM PDT

SABMiller said it will pursue a takeover of Foster's Group after the Australian beer maker rejected an initial $9.98 billion offer from the global brewer, saying it significantly undervalued the company.

Cable Ad Dollars Catch Up

Posted: 19 Jun 2011 05:56 PM PDT

Advertisers are spending as much on advance purchases of commercials on cable channels as they are on broadcast television, allowing cable networks to impose big increases in their ad rates.

Partisan Jockeying Still Medicare Status Quo

Posted: 20 Jun 2011 12:02 PM PDT

When it comes to Medicare, the bad news for all of us is that the temptation to resort to demagoguery rather than solutions to Medicare's problems remains alive and well.

Another Senior RIM Executive Leaves BlackBerry Maker

Posted: 20 Jun 2011 11:10 AM PDT

Research in Motion has lost another senior marketing executive as it struggles with a product transition that has triggered profit warnings and a sharp share-price drop.

High Court Sides With Wal-Mart in Bias Case

Posted: 20 Jun 2011 11:16 AM PDT

The Supreme Court ruled that a sweeping gender-discrimination lawsuit against Wal-Mart can't proceed as one large class action, a significant victory for the discount retailer and other corporations.

'Guilty' for Expert Consultant

Posted: 20 Jun 2011 07:35 PM PDT

A former technology consultant, Winifred Jiau, was convicted of insider-trading charges in the first trial stemming from a wide-ranging government probe of expert-network firms.

Syria's President Addresses Protests

Posted: 20 Jun 2011 11:05 AM PDT

Syria's President Bashar al-Assad acknowledged for the first time the existence of protesters with legitimate demands, but continued to blame recent violence on "saboteurs" and a foreign plot.

Boeing CEO Is Confident of Winning Labor Case

Posted: 20 Jun 2011 09:27 AM PDT

Boeing CEO Jim McNerney said he is confident that the company will win its legal battle with the U.S. National Labor Relations Board over the company's decision to build a commercial-airplane factory in South Carolina.

A Plan to Fight Food Shortage

Posted: 20 Jun 2011 07:31 PM PDT

Agriculture ministers from the Group of 20 nations gather Wednesday and Thursday in Paris facing a growing problem: Demand for food is outpacing supply, which is increasingly hampered by weather shocks and government intervention.

U.S. Says Iran Firm Bypassed Sanctions

Posted: 20 Jun 2011 04:42 PM PDT

New York prosecutors have accused Iran's largest shipping company of illicitly moving more than $60 million through New York bank accounts in violation of U.S. trade sanctions.

Lubrizol Executives to Retire After Deal

Posted: 20 Jun 2011 04:28 PM PDT

Lubrizol said its chief financial officer and chief operating officer will retire shortly after the company completes its merger with Berkshire Hathaway.

EU Links Greece Aid to Budget Cuts

Posted: 20 Jun 2011 08:01 PM PDT

Greece will get its next quarterly installment of bailout money only after the country's Parliament passes a contentious package of budget measures, European finance ministers said.

Feds Sue Bankers Over Fall in Bonds

Posted: 20 Jun 2011 07:56 PM PDT

Federal regulators accused J.P. Morgan Chase and Royal Bank of Scotland of duping five large credit unions into buying more than $3 billion in mortgage bonds that were "destined to perform poorly," and that quickly sank the credit unions.

High Court Rejects Wyeth Appeal

Posted: 20 Jun 2011 11:00 AM PDT

The Supreme Court rejected an appeal by Pfizer's Wyeth unit of a $58 million judgment in favor of three women who claimed they developed breast cancer due to their use of hormone-therapy drugs.

Adviser Supports LSE-TMX Deal

Posted: 20 Jun 2011 05:44 PM PDT

Institutional Shareholder Services recommended that LSE shareholders vote for a merger with TMX, the operator of the Toronto Stock Exchange. It has yet to issue its recommendation for TMX shareholders.

Debt Crisis May 'Overwhelm'

Posted: 20 Jun 2011 10:41 AM PDT

The debt crisis in the euro zone's periphery may cause global financial disruption if not stopped, the International Monetary Fund warned.