"Wallstreet" Reader

"Wallstreet" Reader

China Central Bank Floods Money Market

Posted: 04 Jul 2012 07:10 PM PDT

China's central bank has flooded the local money market with cash in recent days, stoking expectations that it may be signaling a broader monetary easing, just as it did two months ago.


Libor Rate Scandal Set to Spread

Posted: 04 Jul 2012 07:24 PM PDT

Former Barclays chief Robert Diamond was assailed by British lawmakers for a mushrooming scandal over interest-rate manipulation, in a preview of the scrutiny likely to lie ahead for other big lenders that are under investigation.


Australia Won't Block Glencore-Xstrata Deal

Posted: 04 Jul 2012 06:11 PM PDT

Australia's antitrust regulator has said it won't stand in the way of Glencore's takeover of Xstrata. The deal still faces opposition from some shareholders.


Asia Awaits ECB Meeting

Posted: 04 Jul 2012 07:13 PM PDT

Asian stocks were little changed early Thursday, ahead of a European Central Bank meeting. Both the Nikkei and the S&P/ASX 200 were 0.1% lower.


Dish, Broadcasters Fight Over Court

Posted: 04 Jul 2012 07:11 PM PDT

A federal judge in Manhattan soon will decide if Dish Network's legal battle with major TV broadcasters over ad-skipping should be heard in New York or in Los Angeles. The venue could be pivotal, due to a precedent set in New York.


Nasdaq Critic Takes Aim Over Facebook IPO

Posted: 04 Jul 2012 05:04 PM PDT

Thomas Joyce of Knight Capital blamed Nasdaq officials almost immediately, and has remained outspoken ever since.

India Struggles to Cushion Rupee's Fall

Posted: 04 Jul 2012 05:37 PM PDT

India's central bank has spent billions of dollars to prop up the ailing currency. The result: The rupee is Asia's worst-performing currency against the U.S. dollar over the past year.

Addicts Misusing Drug Treatments

Posted: 04 Jul 2012 06:16 PM PDT

In the latest sign of how entrenched the nation's epidemic of painkiller misuse has become, people are abusing treatments meant to cure their addiction.

Cities Consider Seizing Mortgages

Posted: 04 Jul 2012 06:30 PM PDT

Local officials in California who say the housing bust is a public blight on their cities may invoke their eminent-domain powers to restructure mortgages as a way to help some borrowers.


Euro Bank Supervisor Faces Hurdles

Posted: 04 Jul 2012 05:09 PM PDT

European leaders, who last week set an end-year deadline to create a new policeman to oversee euro-zone banks, have set themselves an ambitious timetable that some officials admit they will struggle to meet.

Best Buy Tries on Sleek Look

Posted: 04 Jul 2012 05:42 PM PDT

Best Buy is testing a new turnaround strategy: making its cavernous electronics emporiums look more like Apple's sleek retail outlets.

Boeing Plans Jet Experiments

Posted: 04 Jul 2012 07:35 PM PDT

Boeing is expected to unveil next week a suite of experimental technologies intended to make airliners more fuel-efficient and environmentally friendly than today's models. The company plans to give details on technologies to be tested at the Farnborough air show.


Hedge Fund Files for Bankruptcy

Posted: 04 Jul 2012 05:10 PM PDT

A hedge fund managed by the investment firm of Alphonse "Buddy" Fletcher Jr. has filed for bankruptcy protection in Manhattan, as the firm faces a mounting legal challenge.

Acquisition of TMX Clears Canada Hurdle

Posted: 04 Jul 2012 04:00 PM PDT

A group of big Canadian financial institutions cleared its biggest hurdle yet in a nearly yearlong effort to acquire TMX Group after Canada's competition watchdog said it won't challenge the proposed bid.

Volkswagen to Buy Rest of Porsche AG

Posted: 04 Jul 2012 06:03 PM PDT

Volkswagen will pay the holding company that owns the majority of Porsche AG €4.46 billion ($5.59 billion) in cash, plus one ordinary share in Volkswagen, for the remaining 50.1% of the sports-car operations.

Raw Materials Rise on Stimulus Hopes

Posted: 04 Jul 2012 03:14 PM PDT

The prices of raw materials surged as investors bet the beaten-down global economy would force central banks to take fresh steps to support growth.

Greece's Creditors to Take Tough Line

Posted: 04 Jul 2012 03:35 PM PDT

Greece's international creditors look set to take a tough line with Athens as they begin meetings Thursday aimed at assessing the country's progress—or lack thereof—in implementing terms of its latest multibillion-euro bailout.

Tullow Takes $440 Million Hit

Posted: 04 Jul 2012 03:55 PM PDT

Tullow Oil's record of exploration success suffered a rare hiccup as the U.K.-listed oil explorer said its first-half earnings would take a $440 million hit from asset write-downs.

Former Daily Mirror Reporter Arrested

Posted: 04 Jul 2012 07:21 PM PDT

British police arrested a former reporter for the British paper the Daily Mirror on suspicion of bribery, apparently extending a long-running criminal probe beyond News Corp.'s Sun and News of the World tabloid.


Health-Spending Growth Actually Slowing

Posted: 04 Jul 2012 01:47 PM PDT

U.S. health-care spending has been growing at a surprisingly slow pace for the past couple of years, but the big question is whether this spending will bounce back when the economy does.