"Wallstreet" Reader

"Wallstreet" Reader

Samsung Gets Boost From Smartphones

Posted: 05 Jul 2012 06:22 PM PDT

Strong sales of high-end smartphones likely helped Samsung Electronics post a fresh record quarterly operating profit in the second quarter.

New Accounting Rules Likely Delayed

Posted: 05 Jul 2012 06:23 PM PDT

The SEC's much-delayed decision on global accounting rules is expected to be pushed back even further, possibly into next year.

AF447 Report Urges Better Pilot Training

Posted: 05 Jul 2012 04:51 PM PDT

Investigators urged improvements in pilot training, cockpit instruments and search and rescue procedures in their final report on how and why an Air France jet plunged into the Atlantic.

Yahoo Considers Hulu CEO for Top Job

Posted: 05 Jul 2012 06:01 PM PDT

Yahoo is considering Jason Kilar, the chief of video site Hulu, for its permanent CEO position.

Behind Duke's CEO-for-a-Day

Posted: 05 Jul 2012 04:55 PM PDT

The abrupt departure of Duke Energy CEO Bill Johnson this week came as the board decided he wasn't right to run the newly merged company. He had signed his contract only five days before and lasted just hours in the job.

Citi's Provocateur in Residence

Posted: 05 Jul 2012 03:32 PM PDT

Citigroup's chief economist, Willem Buiter, enjoys stirring the pot, but that makes him a must-read for many big investors.

Big Board to Offer Sub-Penny Quotes

Posted: 05 Jul 2012 03:42 PM PDT

The SEC approved a controversial New York Stock Exchange initiative designed to help it compete better with the so-called dark pools that have taken business away from public exchanges.

Cengage Learning Hunts for Next CEO

Posted: 05 Jul 2012 02:50 PM PDT

Educational publisher Cengage Learning elevated its chief executive, Ronald Dunn, 65, to be executive chairman and is on the hunt for a new CEO.

Bausch & Lomb Sees IPO Ahead

Posted: 05 Jul 2012 02:05 PM PDT

Bausch & Lomb could be ready to go public as early as the end of this year, people familiar with the company's thinking said. The eye-care company was taken private in 2007 by Warburg Pincus for $3.7 billion.

Glaxo Tries to Shake Marketing Questions

Posted: 05 Jul 2012 05:01 PM PDT

Glaxo's $3 billion criminal and civil settlement with the U.S. government this week raises questions about the future of asthma treatment Advair.

California Casino Files for Bankruptcy

Posted: 05 Jul 2012 01:10 PM PDT

Southern California's Santa Ysabel Resort and Casino filed for bankruptcy protection as it faces threats of foreclosure from the Yavapai Apache Nation, which had lent the casino's owners more than $9 million.

Publicis Buys Brazilian Advertiser

Posted: 05 Jul 2012 12:19 AM PDT

Advertising giant Publicis said that it has bought the entirety of ad agency BBH, as well as its partly owned Brazilian affiliate, the latest purchase in an emerging-market spree as Western economies sputter.

Goldman Dealt Setback in Bayou Case

Posted: 05 Jul 2012 01:20 PM PDT

Goldman Sachs was handed another setback in its efforts to quash a $20.6 million arbitration award that favored unsecured creditors of defunct hedge fund Bayou Group.

Under VW, Porsche to Change Step

Posted: 05 Jul 2012 04:37 PM PDT

Volkswagen and Porsche have operated like dance partners, waltzing at arm's length. Now, with Volkswagen on the verge of taking full control of its smaller rival the question is can the two adjust to a close embrace.

J.P. Morgan Pressed on Withheld Email in FERC Probe

Posted: 05 Jul 2012 03:07 PM PDT

A federal judge ordered J.P. Morgan to explain why it isn't releasing internal emails to the Federal Energy Regulatory Commission as part of a probe of alleged market manipulation.

Next Bank Woe? Home-Equity Loans

Posted: 05 Jul 2012 12:08 PM PDT

U.S. banks may be hit with a new round of mortgage losses over the next five years as borrowers who took out home-equity loans a decade earlier face increased monthly payments, the Office of the Comptroller of the Currency warned.

Weil Gotshal's Lehman Fees: $430 Million-Plus

Posted: 05 Jul 2012 12:20 PM PDT

The law firm of Weil, Gotshal & Manges stands to earn more than $430 million for leading Lehman Brothers through the biggest Chapter 11 bankruptcy case ever.

Temasek's Net Falls 16%

Posted: 05 Jul 2012 07:27 AM PDT

Temasek's annual profit fell 16% as contributions from investments and dividends in the Singapore state investment company's portfolio declined amid sluggish global growth.

Falcone's Defense: Blame the Advisers

Posted: 05 Jul 2012 03:34 PM PDT

Hedge-fund manager Philip Falcone is settling on a strategy to defend himself against fraud allegations: Blame his lawyers and lieutenants.

Statoil Threatens to Shut Norway's Oil Production

Posted: 05 Jul 2012 04:14 PM PDT

Energy giant Statoil and other companies have threatened to lock out workers and shut down production on the Norwegian continental shelf starting Tuesday in hopes of forcing an end to a 12-day strike.