"Wallstreet" Reader

"Wallstreet" Reader


Canadian Judge Rebuffs Target in Bid for Name

Posted: 26 Jun 2011 06:58 PM PDT

Target lost its first court bid to win the exclusive right to use its name in Canada, where the U.S. retailer plans to expand in the next several years.

Stocks Fall. Optimism Stands Tall.

Posted: 26 Jun 2011 04:29 PM PDT

Stock analysts have a reputation for their rosy outlooks. But to many investors, that optimism may have just scaled new heights.

Proposal Seeks More Fuel Efficiency in Cars

Posted: 26 Jun 2011 05:22 PM PDT

The Obama administration may require auto makers to roughly double the average fuel economy of their car and light truck fleets from current levels to 56.2 miles per gallon by 2025.

Hulu's Owners Weigh Cons of Possible Sale of the Site

Posted: 26 Jun 2011 05:39 PM PDT

Online video pioneer Hulu has been a headache for its Hollywood owners, but now they are asking themselves if it would be a bigger nuisance in the hands of outsiders.

Costly Rush Away From Risk by Wall Street

Posted: 26 Jun 2011 04:57 PM PDT

A tumble in mortgage-bond prices set off a race by Wall Street to exit money-losing trades in recent months, depriving banks of a recent source of profit and leaving some firms potentially nursing losses.

Showdown Over Cancer Drug

Posted: 26 Jun 2011 05:21 PM PDT

At an unprecedented hearing this week, FDA scientists will fight to have their decision to revoke cancer-drug Avastin's accelerated approval for breast cancer upheld.

WPP Unit Has Your Profile

Posted: 26 Jun 2011 07:09 PM PDT

A new WPP unit will link ad-buying technologies with a large database of consumer profiles collected from their Web activities, allowing for personalized ads on the Web, social-networking sites, mobile phones and eventually even TV.

At Vuitton, Growth in Small Batches

Posted: 26 Jun 2011 06:35 PM PDT

Louis Vuitton's factories, even operating at full capacity, often strain to meet demand. With a new factory in France, the luxury-goods maker hopes to expand capacity without diluting its exclusive image.

Hacker Group Calls It Quits

Posted: 26 Jun 2011 05:25 PM PDT

Prolific hacker group LulzSec said it is ceasing operations after a nearly two-month break-in spree, though questions remain about whether the attackers will simply regroup to perpetrate other mischief.

Drug Makers Tout Diabetes Studies

Posted: 26 Jun 2011 02:57 PM PDT

Bristol-Myers and AstraZeneca said a new diabetes drug they developed was effective in lowering blood sugar, but patients had a higher rate of certain infections.

Ex-German Banker: Guarantee Greek Debt

Posted: 26 Jun 2011 05:05 PM PDT

Ex-Bundesbank chief Axel Weber said Europe needs to consider guaranteeing all Greece's outstanding debt because Athens's only viable alternative is a messy default that would be more costly and risk sparking broader financial turmoil.

Nissan Drives to Close Gap

Posted: 26 Jun 2011 06:46 PM PDT

Nissan plans to increase its global market share to 8% over the next several years in a bid to close the gap with rival Toyota in key markets around the world.

GOP Rejects Tax Increases

Posted: 26 Jun 2011 03:29 PM PDT

Two top congressional Republicans said Sunday that Congress won't approve a deficit-reduction package that includes tax increases, reiterating a stand as Obama joins talks on the issue this week.

Bachmann Defends Credentials

Posted: 26 Jun 2011 02:09 PM PDT

Rep. Michele Bachmann defended her credentials as a candidate for the Republican presidential nomination, ahead of her three-day announcement tour.

French Banks Seek Greek Debt Rollover

Posted: 26 Jun 2011 01:36 PM PDT

French banks have proposed a plan to reinvest half the proceeds from maturing Greek governments bonds ahead of a meeting of key players, in efforts to encourage private investors to contribute to a new bailout for Greece.

Pixar Wins Again With 'Cars' Movie

Posted: 26 Jun 2011 07:22 PM PDT

Pixar's "Cars 2" finished No. 1 at the North American box office, despite tepid reviews. The animated movie raked in $10.9 million world-wide.

Bachmann Defends Credentials

Posted: 26 Jun 2011 11:33 AM PDT

Rep. Michele Bachmann defended her credentials as a candidate for the Republican presidential nomination on Sunday, ahead of her three-day announcement tour that was set to begin later in the day in Iowa.

Nokia, Siemens See Bidders Walk Away

Posted: 26 Jun 2011 12:00 PM PDT

Nokia and Siemens shifted toward restructuring their telecommunications-equipment venture, after failing to reach a deal with bidders for a controlling stake.

A Sober Look at Crude Plan

Posted: 26 Jun 2011 03:44 PM PDT

While the oil-price drop in response to the opening of strategic crude stockpiles was swift, actually getting the barrels to market is less of a certainty.

Nike Appears Poised to Get a Second Wind

Posted: 26 Jun 2011 04:34 PM PDT

Nike's shares have struggled this year on worries about growth and profit margins, but investors may not be giving the company its due.