"Wallstreet" Reader

"Wallstreet" Reader

Doubts Emerge in Bloc's Rescue Deal

Posted: 06 Jul 2012 06:11 PM PDT

Euro-zone countries would still have to guarantee the loans their banks receive from the region's permanent bailout fund, the European Stability Mechanism, even if it directly recapitalizes them, a senior EU official said.

Yahoo and Facebook Settle Patent Litigation

Posted: 06 Jul 2012 03:54 PM PDT

Yahoo and Facebook said they agreed to a settlement that ends patent litigation between the companies, drawing to a close a nasty but ultimately short-lived dispute that had roiled Silicon Valley.

Inside Apple's Go-Slow Approach to Mobile Payments

Posted: 06 Jul 2012 04:10 PM PDT

An look at Apple's decision-making on mobile payments gives a window into the wait-and-see approach Apple often takes towards new markets.


On Unhappy Returns and No Refunds

Posted: 06 Jul 2012 04:55 PM PDT

Three Louisiana pension funds that invested with a Fletcher Asset Management hedge fund four years ago thought they were getting an impressive combination of high returns and safety. Now they are wrangling in court and facing a potentially far different outcome.

Barclays Races to Fill Ranks

Posted: 06 Jul 2012 04:25 PM PDT

Barclays's board kicked off an urgent search to find a CEO to succeed Robert Diamond, a process expected to shed light on how the British bank intends to tackle the challenges it faces amid a growing interest-rate scandal.

Vevo Seeks New Financing

Posted: 06 Jul 2012 02:46 PM PDT

Vevo, the online music video company, is seeking to raise new equity financing as it looks to fund an expansion of its operations overseas.

Norway Urges Oil Firms, Unions to Continue Talks

Posted: 06 Jul 2012 11:15 AM PDT

The Norwegian government Friday urged oil companies and unions to continue their negotiations in a bid to resolve a 13-day-old strike that is threatening to escalate next week with a lockout.

Navistar Bends on Emissions Technology

Posted: 06 Jul 2012 06:39 PM PDT

Navistar is dropping a development strategy for exhaust-control technology that has undermined the truck maker's credibility and its share price.

Comcast Nears Deal to Sell A&E Stake

Posted: 06 Jul 2012 01:11 PM PDT

Comcast is near a deal to sell its 15.8% stake in A&E Television Networks to joint-venture partners Walt Disney and Hearst for about $3 billion.

Greece to Quicken Sales of State Firms

Posted: 06 Jul 2012 06:12 PM PDT

Greece's newly elected prime minister said he would ramp up privatizations, close down dozens of state agencies and overhaul the country's dysfunctional public sector.

Lilly Exclusivity Extension

Posted: 06 Jul 2012 02:03 PM PDT

Eli Lilly said its antidepressant Cymbalta will have an additional six months of U.S. market exclusivity because the company studied the drug's effects on children.

Hulu Chief Pulls Out of Yahoo Search

Posted: 06 Jul 2012 12:27 PM PDT

Online video site Hulu said Friday its chief executive, Jason Kilar, has declined to be considered for Yahoo's CEO position.

Jobs Data Leave Door For Fed Wide Open

Posted: 06 Jul 2012 02:23 PM PDT

Friday's disappointing jobs report increases the likelihood that the Federal Reserve will launch a new bond-buying program to boost economic growth, though it doesn't ensure such a move.


Facebook to Target Ads Based on App Usage

Posted: 06 Jul 2012 06:58 PM PDT

Facebook is launching a new type of mobile advertising that targets consumers based on the apps they use, pushing the limits of how companies track what people do on their phones.

Intrigue Behind Ouster at Duke Energy

Posted: 06 Jul 2012 07:04 PM PDT

The surprise dethroning of Duke Energy's CEO set off angry responses, with former directors at Progress Energy saying they never would have approved the $26 billion merger of the two utilities if they had known what would happen with the top job.


Weak Labor Report Fans Fears

Posted: 06 Jul 2012 04:07 PM PDT

The U.S. economy posted its third consecutive month of weak job growth, complicating Obama's re-election prospects and turning up the pressure on the Fed to do more.


Best Buy Pares Geek Squad

Posted: 06 Jul 2012 06:52 PM PDT

Best Buy is eliminating 2,400 store jobs, including 600 positions on its Geek Squad, as the electronics retailer tries to steel itself against online competition.

Stockton Bankruptcy Unnerves Muni Market

Posted: 06 Jul 2012 09:02 AM PDT

If Stockton, Calif., gets its way, it will become one of the first local governments to use the federal bankruptcy process to impose potentially big cuts on its bondholders.

Canada Creates More Jobs Than Expected

Posted: 06 Jul 2012 08:34 AM PDT

The Canadian economy created more net new jobs than expected in June for the fourth straight month, and the unemployment rate dropped unexpectedly as fewer people looked for work.

Pfizer Sued Over Generic Lipitor

Posted: 06 Jul 2012 05:55 PM PDT

Five retailers joined a legal battle against Pfizer, saying it used anticompetitive tactics to delay introduction of generic copies of Pfizer's cholesterol-lowering pill Lipitor.