"Wallstreet" Reader

"Wallstreet" Reader


Brazil Hedges on Carrefour Deal

Posted: 01 Jul 2011 07:11 PM PDT

Brazil's government appeared to step back from a controversial plan to merge Brazil's biggest supermarket chain Pão de Açúcar and French retailer Carrefour.

BofA in New York Cross Hairs

Posted: 01 Jul 2011 04:18 PM PDT

Attorney General Eric Schneiderman has issued subpoenas seeking new depositions from the bank's CEO and other current and former executives.

St. Joe Subject of SEC Investigation

Posted: 01 Jul 2011 05:36 PM PDT

A company filing said the Florida property developer and its chairman, Bruce R. Berkowitz, are the subject of a fraud investigation.

ECB Faces Credibility Test

Posted: 01 Jul 2011 05:55 PM PDT

The European Central Bank will face a test of its credibility in the coming weeks if it is forced to decide whether to cut Greek banks off from its funding facility.

GoDaddy Bought By KKR, Others

Posted: 01 Jul 2011 04:12 PM PDT

GoDaddy Group a closely-held company that registers Internet domain names, agreed to be bought by private-equity firms KKR, Silver Lake and Technology Crossover Ventures.

Times Co. Sells Part of Stake in Red Sox

Posted: 01 Jul 2011 03:56 PM PDT

New York Times Co. sold more than half of its 17% stake in the holding company of the Boston Red Sox to three separate buyers for $117 million in cash.

Google Hires 12 Lobbying Firms Amid FTC Probe

Posted: 01 Jul 2011 02:28 PM PDT

Google has hired a dozen lobbying firms as it looks to defend itself in an antitrust probe from critics who say the Internet company has abused its position as the dominant player in Web searching and online advertising.

SEC Postpones More Swaps Rules

Posted: 01 Jul 2011 12:52 PM PDT

U.S. securities regulators temporarily suspended more swaps rules set to take effect this month in an effort to prevent market confusion.

Subprime Mortgage Index Soars

Posted: 01 Jul 2011 01:03 PM PDT

A bellwether index of subprime mortgage bonds surged after the New York Fed suspended auctions from its Maiden Lane II portfolio of mortgage securities acquired in the AIG bailout.

Virtual Farms, Rich Harvest

Posted: 01 Jul 2011 04:28 PM PDT

Facebook games maker Zynga filed for an initial public offering in a deal that could value it as high as $20 billion.

Exxon Seeks to Overturn $1.5 Billion Verdict

Posted: 01 Jul 2011 03:58 PM PDT

Exxon Mobil said it hopes to overturn on appeal a verdict that included $1.5 billion in damages handed up by a Maryland jury this week for an underground gasoline leak.

Court Rules Fate of Yucca Site Rests With Regulators

Posted: 01 Jul 2011 01:47 PM PDT

An appeals court ruled that a decision on a proposed nuclear-waste dump in Nevada still rests with U.S. regulators, handing a victory, at least for now, to the Obama administration and other opponents of the Yucca Mountain site.

WaMu Settles Class-Action Suit

Posted: 01 Jul 2011 05:26 PM PDT

Washington Mutual agreed to settle a consolidated shareholder class-action lawsuit for $208.5 million, putting behind it one chunk of the failed thrift's litigation issues.

U.S. Auto Sales Remain Subdued

Posted: 01 Jul 2011 07:38 PM PDT

U.S. auto sales remained sluggish in June for the second straight month as short supplies of small cars from Japan and economic concerns continued to weigh on consumer demand.

Strauss-Kahn's House Arrest Ends

Posted: 01 Jul 2011 10:31 AM PDT

Former IMF leader Dominique Strauss-Kahn was released from house arrest Friday amid new revelations about his accuser in an alleged sexual assault, but criminal charges weren't dismissed.

Manufacturing Picked Up in June

Posted: 01 Jul 2011 04:52 PM PDT

The U.S. manufacturing sector expanded briskly in June, according to data released Friday by the ISM. Price pressures lessened.

H-P Girds for Battle

Posted: 01 Jul 2011 08:16 AM PDT

Friday will be a key test for Hewlett-Packard as it aims to launch its first tablet computer to rival Apple's iPad.

NBA Owners Lock Out Players

Posted: 01 Jul 2011 08:01 AM PDT

NBA owners locked out their players Friday after labor negotiations collapsed, threatening the upcoming basketball season.

Minnesota Government Shuts Down

Posted: 01 Jul 2011 05:40 AM PDT

Minnesota encountered its second government shutdown in six years as Democratic Gov. Mark Dayton and GOP lawmakers failed to compromise on closing the state's $5 billion budget gap.

EU to Delay on New Greece Bailout

Posted: 01 Jul 2011 05:10 PM PDT

Euro-zone finance ministers are considering giving themselves more time, possibly until September, to agree on a second bailout package for Greece and define how to involve private creditors, people familiar with the matter said Friday.