"Wallstreet" Reader

"Wallstreet" Reader


Malware Threat to Internet Corralled

Posted: 08 Jul 2012 06:43 PM PDT

Leading Internet-service providers said that they had moved to ensure that computers infected with malware left behind by a hacking spree that started in 2007 continue to access the Internet normally, and expect relatively few Internet users to face a disruption.


Bank Accounts Figure in Drug Probe

Posted: 08 Jul 2012 07:10 PM PDT

The FBI alleges that a Mexican cocaine-trafficking cartel used accounts at Bank of America to hide money and invest illegal drug-trade proceeds in U.S. racehorses.


China's Inflation Eases to 2.2%

Posted: 08 Jul 2012 06:57 PM PDT

China's consumer price index rose 2.2% in June from the same month a year earlier, slower than May's 3% rise.

Asian Stocks Fall

Posted: 08 Jul 2012 06:32 PM PDT

Asian markets fell Monday as investors were looking ahead to a string of economic figures from China. Japan's Nikkei was down 1%.

Duke CEO Seizes Spotlight

Posted: 08 Jul 2012 06:53 PM PDT

In the electric-utility industry, where leaders earn kudos for quietly increasing dividends and tending to their knitting, Duke Energy Chief Executive Jim Rogers has always cut a flashier figure.

New Jolt Looms for Investors: Earnings

Posted: 08 Jul 2012 06:59 PM PDT

Investors already fretting about the health of the world's biggest economies now face another worry: disappointing earnings.

Potential Buyer in Talks for Valentino

Posted: 08 Jul 2012 07:22 PM PDT

Fashion house Valentino said Sunday it was in exclusive talks with an unidentified bidder after receiving interest from a number of different sources, amid press reports that the brand was set to be sold.


Australia's Mining Boom Covers Troubles Elsewhere

Posted: 08 Jul 2012 07:24 PM PDT

Australia's economy, driven by a booming mining sector, is among the fastest-growing in the developed world.Yet nearly every part of the economy outside mining is struggling.


Gas Prices Expected to Stay Low

Posted: 08 Jul 2012 04:05 PM PDT

Benchmark gasoline futures have plunged 20% from the highs reached in March, settling Friday at $2.7160 a gallon. Gasoline stockpiles are growing, and consumer demand remains weak.

Patent 'Troll' Tactics Spread

Posted: 08 Jul 2012 06:11 PM PDT

Technology companies used to condemn "patent trolls," ventures that profit from innovations they themselves often had no hand in creating. Now, some are taking pages from the trolls' playbooks.


Wind Power Faces Taxing Headwind

Posted: 08 Jul 2012 05:54 PM PDT

The U.S. wind-energy industry faces a sharp slowdown as a key tax credit nears expiration. Some Republicans are pushing for an extension even as Romney has attacked government support for clean energy.


Cotton Trader Fires Back

Posted: 08 Jul 2012 04:28 PM PDT

After suffering huge losses trading cotton and losing his job at one of the world's biggest commodities firms, Mark Allen is accusing the industry's biggest player of market manipulation.

'Spider-Man' Ensnares Box Office in Web

Posted: 08 Jul 2012 04:11 PM PDT

"The Amazing Spider-Man" out-swung the competition over the weekend, grossing a solid $65 million in North America according to early estimates, just 10 years after the launch of a previous Spidey trilogy.

Rate Probe Moves to Political Arena

Posted: 08 Jul 2012 07:01 PM PDT

Paul Tucker, a leading candidate to become the next governor of the Bank of England, will testify Monday before a Parliamentary committee on banks' manipulation of key interest rates.

Fund Managers Seduced by Facebook

Posted: 08 Jul 2012 06:47 PM PDT

At least 160 U.S.-based mutual funds and exchange-traded funds bought shares of the social-networking company in May.


Tesco Seeks Winning Formula

Posted: 08 Jul 2012 04:08 PM PDT

Tesco's slogan that "every little helps" is being put to the test in a $1.55 billion revamp of the retailer's U.K. stores, as Chief Executive Philip Clarke pushes to revive the company's sales growth.

Follow-On Deals, Like IPOs, Falter

Posted: 08 Jul 2012 03:04 PM PDT

Follow-on deals have experienced a decline this year, both in numbers and in the amount of money raised.

ESPN Sells More Campaign Ads

Posted: 08 Jul 2012 04:48 PM PDT

ESPN struck a deal that will run more political ads in "SportsCenter," football games and other programs this fall.


At Sun Valley Conference, New Media Less of a Star

Posted: 08 Jul 2012 04:42 PM PDT

Top executives gather this week for investment bank Allen & Co.'s annual media and technology conference in Sun Valley, Idaho. The buzz is likely to center on lingering challenges for both old and new media.


Treasury Sales Could Bring Record for Yields

Posted: 08 Jul 2012 08:40 AM PDT

The U.S. sells $66 billion in Treasury debt this week, a test of whether the prospects of more stimulus from the Federal Reserve can prevail over historically low yields.