"Wallstreet" Reader

"Wallstreet" Reader

Government Jobs, Outside Income

Posted: 21 Jun 2011 07:31 PM PDT

A Wall Street Journal review of financial-disclosure forms reveals that about 250 congressional staff members earned a total of $13 million in 2009 from former employers, companies they run or other side jobs.

QE 2 Proves No Silver Bullet

Posted: 21 Jun 2011 07:48 PM PDT

The Federal Reserve's controversial $600 billion bond-buying program will end this month with a mixed legacy, having proved to be neither the economy's needed elixir nor the scourge that critics describe.

States Near Tobacco Deal

Posted: 21 Jun 2011 04:03 PM PDT

Big cigarette makers could recoup $2 billion under a proposed deal with state attorneys general to resolve a long-running dispute over payments required by the landmark 1998 tobacco settlement.

Asian Shares Rise on Greek Optimism

Posted: 21 Jun 2011 07:01 PM PDT

Asian stock markets were higher as Greece edged closer to resolving its debt crisis, with the improved sentiment helping push the Australian market to a five-session high. Japan's Nikkei Stock Average rose 1.3%.

Unease Rises Over Money Funds' Exposure to Europe

Posted: 21 Jun 2011 05:09 PM PDT

The biggest U.S. money-market funds hold roughly $1 trillion of debt issued by big European banks, which hold piles of Greek and other European government bonds.

Pratt Revs Up Jet-Engine War

Posted: 21 Jun 2011 05:08 PM PDT

It's the other air war, as makers of the big jetliners' motors face off, now with Pratt on the warpath.

Spirit Air's New First: Fee for Passes

Posted: 21 Jun 2011 05:58 PM PDT

Spirit Airlines said that passengers who have boarding passes printed by a Spirit check-in agent will be charged $5 each for each nonstop flight.

J.P. Morgan Fine Hints at Feds' Playbook

Posted: 21 Jun 2011 07:38 PM PDT

J.P. Morgan Chase agreed to pay $153.6 million to settle civil charges that it misled investors in a complex mortgage-bond portfolio—failing to tell them that a hedge fund helped craft the deal and stood to profit if it failed.

UBS Aids Probe of Rate Collusion

Posted: 21 Jun 2011 07:05 PM PDT

Swiss bank UBS is aiding investigators trying to determine whether major banks colluded to manipulate the London interbank offered rate, a measure of bank borrowing costs, before and during the financial crisis.

Gore-Tex Faces Antitrust Probes

Posted: 21 Jun 2011 07:26 PM PDT

The maker of Gore-Tex, a waterproof material used in sportswear, is the target of antitrust investigations in the U.S. and Europe.

Website Hulu Considers Sale

Posted: 21 Jun 2011 06:57 PM PDT

Web-video site Hulu is considering whether to sell itself after a potential buyer for the company approached it with an unsolicited offer.

JetBlue Orders 40 A320neo

Posted: 21 Jun 2011 10:46 AM PDT

Discounter JetBlue Airways is making big changes to its Airbus order book to reduce its near-term capital commitments, move to larger models and boost fuel efficiency with a new order for 40 A320 aircraft with new engines.

Plan to Ease Way for Unions

Posted: 21 Jun 2011 07:36 PM PDT

The National Labor Relations Board proposed the most sweeping changes to the rules governing union organizing elections since 1947.

Report: IRS Needs More Oversight

Posted: 21 Jun 2011 01:42 PM PDT

The IRS must beef up oversight of its own employees after missing 133 employees who may not have complied with tax law, according to a Treasury Department report.

Exchanges: Delay New Access Rules

Posted: 21 Jun 2011 04:36 PM PDT

U.S. exchanges have asked regulators to delay implementation of key changes to market-access rules until Nov. 30, including a "naked access" ban, citing cost concerns.

Investors Hazard Bold Bet on Yuan

Posted: 21 Jun 2011 07:28 PM PDT

Some investors with unconventional views are placing gutsy wagers against the yuan. Their rationale: China's economy is a bubble waiting to burst.

Wide Reach in Wal-Mart Ruling

Posted: 21 Jun 2011 11:59 AM PDT

The Supreme Court's ruling will reverberate in other class actions, making lower courts scrutinize whether large groups of employees are similar enough to sue together.

Wide Reach in Wal-Mart Ruling

Posted: 21 Jun 2011 11:59 AM PDT

The Supreme Court's ruling will reverberate in other class actions, making lower courts scrutinize whether large groups of employees are similar enough to sue together.

Row Over Biofuels Looms at G-20

Posted: 21 Jun 2011 02:24 PM PDT

The U.S. will face new pressure from fellow Group of 20 nations to end government aid for the biofuels industry at a meeting of farm ministers in Paris on Wednesday and Thursday, said trade diplomats and analysts.

Walgreen, Express Scripts in Spat

Posted: 21 Jun 2011 03:04 PM PDT

Walgreen and Express Scripts said that contract-renewal talks have broken down in their multibillion-dollar relationship, potentially sending millions of Americans elsewhere to fill their prescriptions.