"Wallstreet" Reader

"Wallstreet" Reader

SEC Broadens Probe Into Stifel

Posted: 27 Jun 2011 05:00 PM PDT

The regulator is looking into whether the CDOs were suitable for five Wisconsin school districts that suffered steep losses on them, according to people familiar with the situation.

Rich? Have We Got the Credit Card for You

Posted: 27 Jun 2011 05:02 PM PDT

U.S. banks are bombarding consumers with some of the most lucrative credit-card offers in years. But many of the goodies are being dangled at affluent people who already have plenty of plastic.

Big Losses Hang Over Some European Insurers

Posted: 27 Jun 2011 05:19 PM PDT

European insurance companies have large portfolios of bonds issued by financially shaky governments and banks, raising concerns that some could face heavy losses.

LSE Gains Backers for TMX Deal

Posted: 27 Jun 2011 06:08 PM PDT

The London Stock Exchange gained the support of a group of senior Canadian businessmen for its bid to merge with Canada's TMX, even as a rival bidder for TMX said it expects the LSE to fail in its effort.

France Lifts Nuclear-Safety Spending

Posted: 27 Jun 2011 07:25 PM PDT

French President Nicolas Sarkozy said France would beef up spending on nuclear-safety research and development, seeking to reassure voters amid a nascent political debate over the country's reliance on atomic energy.

ISS Recommends Splitting Roles at RIM

Posted: 27 Jun 2011 04:19 PM PDT

ISS became the second prominent proxy advisory firm to recommend that Research In Motion shareholders support a resolution to split the chairman and chief executive positions at the BlackBerry maker.

Former Citi Employee Charged With Fraud

Posted: 27 Jun 2011 06:28 PM PDT

Former Citigroup employee Gary Foster has been arrested and charged with allegedly embezzling more than $19 million from the bank.

Greek Debt Talks Widen

Posted: 27 Jun 2011 05:39 PM PDT

Talks about how to get private investors to contribute toward a new bailout for Greece widened to include a possible buyback of Greek government bonds.

GM Calls Fuel Regime 'Tough'

Posted: 27 Jun 2011 02:49 PM PDT

A GM executive said the Obama administration's proposed fuel-economy requirement of going 56.2 miles on a gallon of gasoline will be "tough" to meet by 2025 but the auto maker will meet whatever standard is imposed.

China, U.K. Set Business Deals

Posted: 27 Jun 2011 12:01 PM PDT

U.K. Prime Minister David Cameron and Chinese Premier Wen Jiabao announced business deals between the two countries valued at $2.2 billion, as the men discussed ways to increase trade.

Hague Court Issues Warrant for Gadhafi

Posted: 27 Jun 2011 08:44 AM PDT

The ICC issued arrest warrants for Libyan leader Moammar Gadhafi, his son and his intelligence chief for alleged crimes against humanity.

Nissan Revs Up to Win Bigger Share

Posted: 27 Jun 2011 04:11 PM PDT

Nissan outlined an ambitious growth strategy for the next six years under a new business plan that includes lofty goals for global market share and profitability.

Iran Accuses IEA of Breaching 'Principles'

Posted: 27 Jun 2011 08:44 AM PDT

Amplifying criticism by oil producers of last week's release of oil from emergency stockpiles, Iran's Oil Minister Mohammad Aliabadi accused the International Energy Agency of violating "principles" that limit when energy-consuming countries can tap reserves.

Facebook Fever: Investment Doubles in Just 6.5 Hours

Posted: 27 Jun 2011 06:13 PM PDT

Tiny GSV Capital made what seemed a most modest investment Monday: Plunking down $6.6 million to purchase private shares in Facebook. The response from investors was anything but subdued.

Court Strikes Down Law on Videogames

Posted: 27 Jun 2011 09:51 AM PDT

The Supreme Court struck down a California law blocking minors from buying violent videogames, saying it violates the First Amendment.

China Approves Diageo Baijiu Bid

Posted: 27 Jun 2011 07:11 PM PDT

Liquor giant Diageo said that Chinese regulators have approved its bid to take control of a local Sichuan white-spirit maker, some 16 months after the deal was first announced.

Goodrich CEO: 'We Hate the Weak Dollar'

Posted: 27 Jun 2011 07:49 AM PDT

U.S. aerospace giant Goodrich is hurt by weakness of the dollar and would like to see the greenback strengthen, said the company's chief executive.

Beijing Backs Lagarde for IMF Post

Posted: 27 Jun 2011 06:09 PM PDT

China has expressed "quite full support" for French Finance Minister Christine Lagarde in her bid to run the International Monetary Fund, People's Bank of China Gov. Zhou Xiaochuan said.

China Approves Diageo Baijiu Bid

Posted: 27 Jun 2011 07:11 PM PDT

Liquor giant Diageo said that Chinese regulators have approved its bid to take control of a local Sichuan white-spirit maker, some 16 months after the deal was first announced.

Goodrich CEO: 'We Hate the Weak Dollar'

Posted: 27 Jun 2011 07:49 AM PDT

U.S. aerospace giant Goodrich is hurt by weakness of the dollar and would like to see the greenback strengthen, said the company's chief executive.