"Wallstreet" Reader

"Wallstreet" Reader


Markets Await Central Bank News

Posted: 11 Jul 2012 07:16 PM PDT

Asian markets were little moved early Thursday, as investors sat on the sidelines ahead of further central bank announcements and China growth data.

Avolon Extends Lessors' Strong Week

Posted: 11 Jul 2012 06:29 PM PDT

Irish airplane-lessor Avolon Aerospace Leasing extended a strong week for airplane financiers at Europe's big aviation event, ordering 25 planes from Boeing with a list price of $2.3 billion.

Diller-Backed Aereo Wins Broadcast-TV Clash

Posted: 11 Jul 2012 05:21 PM PDT

Aereo, a start-up company retransmitting broadcast television signals to mobile devices, one a legal victory that puts renewed pressure on the likes of NBC, CBS, ABC and Fox.

Tiny Jet Plans a Big Comeback

Posted: 11 Jul 2012 04:35 PM PDT

Eclipse Aviation once promised to revolutionize air travel with six-passenger jets powered by tiny engines for well under $1 million. The dream died in 2008 when Eclipse filed for bankruptcy. Now, a successor company is cranking up Eclipse's factory again.


Bank Probed in Peregrine Scandal

Posted: 11 Jul 2012 05:30 PM PDT

Peregrine kept an account with client funds at U.S. Bank, where CEO Wasendorf Sr. also kept personal accounts.

Cocoa Grader: Hard Job, Sweet Perks

Posted: 11 Jul 2012 05:43 PM PDT

There are only 24 certified graders to scrutinize shipments of cocoa beans before they can be certified by one of the world's largest agricultural commodity exchanges.

Syrian Envoy to Iraq Defects

Posted: 11 Jul 2012 01:43 PM PDT

The defection was the first of a serving Syrian ambassador in the country's 17 month-long civil conflict.


Clock Is Ticking on Crisis Charges

Posted: 11 Jul 2012 04:00 PM PDT

A five-year statute of limitations is causing SEC officials to race to file lawsuits in some cases related to the financial crisis and ask lawyers representing the targets of certain investigations to give the agency more time.

India Backs a New Exchange

Posted: 11 Jul 2012 02:48 PM PDT

India is about to get its third national stock exchange, just as trading volume dwindles. MCX Stock Exchange, known as MCX-SX, has received approval from India's capital-markets regulator to offer trading in equities and related products, the exchange said.

Supervalu Weighs Company's Sale

Posted: 11 Jul 2012 06:53 PM PDT

Supervalu said it is considering selling all or part of the company and will suspend its quarterly dividend. Shares of the supermarket operator, which also reported its earnings fell 45%, were down 26% after hours.

Dewey Seeks 'Clawbacks' From Ex-Partners

Posted: 11 Jul 2012 04:51 PM PDT

Ex-partners of failed law firm Dewey & LeBoeuf were offered a stark choice: give back up to $103.6 million in pay and benefits or face years of litigation.

More Economists Predict Fed Action

Posted: 11 Jul 2012 02:06 PM PDT

Amid mounting evidence that the U.S. recovery has slowed, more economists surveyed by the Journal expect the Fed to take further action.


Glencore, Xstrata Set September Date for Merger Vote

Posted: 11 Jul 2012 04:35 PM PDT

Mining company Xstrata and commodities trader Glencore set Sept. 7 as the new date for their delayed shareholder meetings to vote on a merger.

Brazil Rate Cut Shows Growth Battle

Posted: 11 Jul 2012 06:16 PM PDT

Many economists say Brazil's once-successful model that depended on its vast natural resources has run out of steam, as the country's central bank was expected Wednesday to cut rates an eight straight time.

TMX in Talks to Buy Direct Edge

Posted: 11 Jul 2012 05:27 PM PDT

The move by the Canadian exchange operator would add a significant international player to the competitive U.S. stock-trading industry.

Credit Suisse Clients Target of Tax Probe

Posted: 11 Jul 2012 05:36 PM PDT

German authorities are investigating thousands of Credit Suisse customers who are suspected of evading taxes with the help of insurance products sold by the Swiss bank.

Two U.K. Journalists Arrested in Bribery Probe

Posted: 11 Jul 2012 01:25 PM PDT

British police arrested journalists from newspapers owned by Trinity Mirror and Northern & Shell Media on suspicion of bribery, broadening a wide-ranging investigation that has largely focused on News Corp. newspapers.

Positive Results for HIV Drug Study

Posted: 11 Jul 2012 11:25 AM PDT

A new once-daily AIDS drug from Glaxo and its Japanese partner Shionog performed better than Gilead's blockbuster three-drug HIV pill Atripla in a late-stage clinical trial.

McGraw-Hill Lays Out Spinoff Plan

Posted: 11 Jul 2012 01:46 PM PDT

McGraw-Hill provided investors with a road map for the expected spinoff of its McGraw-Hill Education unit into a separate, publicly traded company but didn't give a date.

Labor Costs Push San Bernardino Near Bankruptcy

Posted: 11 Jul 2012 07:35 PM PDT

San Bernardino, Calif., is expected to file for bankruptcy, which would make it the third municipality in the state to seek protection from creditors in the past two weeks.