"Wallstreet" Reader

"Wallstreet" Reader

Time Warner Increases Stake in Central European Media

Posted: 03 Jul 2012 04:55 PM PDT

Time Warner has increased its stake in TV broadcaster Central European Media to 49.9% from 40%, raising its bet on a still-struggling market.

Aetna, Doctors Face Off Over Costs

Posted: 03 Jul 2012 03:27 PM PDT

California physician groups sued health insurer Aetna Tuesday for business practices the doctors say limit patients' choices. In February, Aetna had sued some of the same doctors.

Dr. Drew Received Glaxo Payments

Posted: 03 Jul 2012 06:19 PM PDT

Dr. Drew Pinsky, a radio personality who praised a Glaxo drug on air in 1999, received payments from the company.

Manchester United Aims for $100 Million IPO

Posted: 03 Jul 2012 05:08 PM PDT

Manchester United, the legendary English soccer club, filed plans to raise $100 million in an initial public offering in the U.S.

Major Banks Unveil 'Living Wills'

Posted: 03 Jul 2012 01:58 PM PDT

Nine of the world's biggest financial firms released their "living wills," or the road maps requested by U.S. regulators to guide liquidation in a severe crisis.

Starr Suit Challenging AIG Bailout to Proceed

Posted: 03 Jul 2012 02:07 PM PDT

A lawsuit challenging the legality of the 2008 federal bailout of American International Group can proceed, a federal judge ruled this week after the U.S. government sought to dismiss the case.

FDA Unveils Medical-Device Tracking Plan

Posted: 03 Jul 2012 02:08 PM PDT

The FDA released a plan for all high-risk medical devices to carry a new tracking number to help the agency quantify malfunctions of devices like heart-defibrillator wires and hip joints.

RealNetworks CEO Resigns

Posted: 03 Jul 2012 01:36 PM PDT

RealNetworks said Thomas Nielsen has resigned as chief executive after less than a year on the job and named company founder Rob Glaser as interim CEO.

Hotels Provide Investment Comfort

Posted: 03 Jul 2012 04:31 PM PDT

The search for investment havens has alighted on an unlikely asset class: hotels.

Getty Images Bids Near $4 Billion

Posted: 03 Jul 2012 01:37 PM PDT

The auction for a potential sale of Getty Images has progressed to the second round, with several private-equity firms putting in initial bids of around $4 billion.

Kodak's Auction Plans Make Headway

Posted: 03 Jul 2012 12:39 PM PDT

Eastman Kodak received the go-ahead to auction off its valuable trove of digital patents in a contest set to take place behind closed doors without a court-sanctioned lead bidder.

Virgin America Posts $76 Million Loss

Posted: 03 Jul 2012 01:08 PM PDT

Virgin America reported a wider first-quarter loss, though the head of the five-year old airline said it still plans to go public next year.

FDA Approves HIV Test

Posted: 03 Jul 2012 11:24 AM PDT

The FDA approved OraSure's home HIV test, which will be sold in retail stores.

ECB Tightens Lending Rules

Posted: 03 Jul 2012 01:36 PM PDT

The European Central Bank tightened its lending conditions in what seems a foretaste of the more active role it will soon have as regulator and supervisor for the euro-zone banking system.

T-Mobile Probes Network Outage

Posted: 03 Jul 2012 01:41 PM PDT

T-Mobile experienced widespread problems with its wireless data network on Monday night. The cause of the problem is still under investigation.

J.P. Morgan, U.S. Spar in Energy Case

Posted: 03 Jul 2012 01:40 PM PDT

A J.P. Morgan subsidiary may have received at least $73 million in "improper payments" as a result of potential manipulation of electricity markets in California and the Midwest, U.S. regulators said.

E.ON Settles Gazprom Dispute

Posted: 03 Jul 2012 09:40 AM PDT

German utility E.ON raised its 2012 earnings outlook after settling a long-running dispute with Russia's natural-gas giant OAO Gazprom over the commercial conditions of long-term gas procurement contracts.

Murky Outlook for Dim Sum Market

Posted: 03 Jul 2012 11:12 AM PDT

Although the value of new yuan bonds sold in Hong Kong rose sharply last month, bankers and analysts warn that the numbers don't indicate a turnaround in the "dim sum" market.

SEC Loses Bid for Stanford Claim

Posted: 03 Jul 2012 01:35 PM PDT

A federal judge rejected the SEC's lawsuit against an agency that insures U.S. brokerage accounts to force it to pay investors in R. Allen Stanford's $7 billion Ponzi scheme.

Spanish Aid May Flow Straight to Banks

Posted: 03 Jul 2012 08:11 AM PDT

The final terms of up to $125.76 billion of European Union aid for Spanish banks will probably allow the funds to be channeled directly to the banks, the Spanish finance minister said.