"Wallstreet" Reader |
- The Sun Shines on 'The Cloud'
- At J.P. Morgan, Whale & Co. Go
- Red Flags at Peregrine
- What's Wrong With America's Supermarkets?
- Asian Markets Await China Data
- Malone Knocks Sirius CEO
- Qatar's Royals Buy Valentino
- Ex-Bankers Are Charged With Fraud
- Funds' Assets Increase
- Elisabeth Murdoch Drops CEO Job at Shine
- The FDIC's New Commandment
- Chinese Luxury Appetite Wanes
- New York Fed's Maiden Lane Sales Top $27 Billion
- News-Sharing Site Digg Sells for $500,000
- Cheniere Finds Funding for LNG Export Terminal
- Investors Fight Proposed Loan Seizures
- South Africa Acts in MTN Bribery Case
- Goldman Protests Hedge Fund's Bid for Lehman Brokerage's Cash
- Yahoo Probes Password Theft
- Yahoo CEO Stays on Interim Basis
| Posted: 12 Jul 2012 06:48 PM PDT Amazon's cloud computing failure two weeks ago was just a blip on a trend line that is vectoring upward, writes John Bussey.
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| At J.P. Morgan, Whale & Co. Go Posted: 12 Jul 2012 07:57 PM PDT Three London-based employees at the center of J.P. Morgan's multibillion-dollar trading blunder, including one known as the "London Whale," have left the bank.
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| Posted: 12 Jul 2012 07:56 PM PDT PFGBest was the subject of multiple regulatory actions over the years but no one identified signs of major problems at the failed brokerage.
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| What's Wrong With America's Supermarkets? Posted: 12 Jul 2012 05:53 PM PDT Supermarkets' share of U.S. grocery sales have fallen as big-box retailers, warehouse clubs and other new rivals grab more household grocery dollars. Supervalu shares plunged 49% on its plan to address problems.
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| Asian Markets Await China Data Posted: 12 Jul 2012 06:16 PM PDT Asian stocks were little moved early Friday, as investors remained cautious ahead of economic data from China. Japan's Nikkei was down 0.1%.     |
| Posted: 12 Jul 2012 06:57 PM PDT John Malone criticized Mel Karmazin as having a short-term focus on Sirius XM Radio, in an interview at the Sun Valley conference.     |
| Posted: 12 Jul 2012 04:13 PM PDT Private-equity firm Permira agreed to sell Italian fashion house Valentino to Qatar's royal family for about $731 million, the latest sign of the tiny oil-rich country's appetite for prestigious luxury brands.     |
| Ex-Bankers Are Charged With Fraud Posted: 12 Jul 2012 05:49 PM PDT Four former top executives of a failed Virginia bank were charged with fraud, a rare federal criminal case against bank chiefs arising from the recent financial crisis.     |
| Posted: 12 Jul 2012 02:56 PM PDT Assets in money-market funds jumped by $18.56 billion in the week ended Wednesday as investors added money to institutional funds.     |
| Elisabeth Murdoch Drops CEO Job at Shine Posted: 12 Jul 2012 02:13 PM PDT Elisabeth Murdoch, daughter of News Corp. Chairman and Chief Executive Rupert Murdoch, has given up the CEO position at Shine Group, a U.K. television-production company she founded and sold to News Corp. last year.     |
| Posted: 12 Jul 2012 07:57 PM PDT The agency is encouraging banks to stop using the FDIC's name in connection with certain charges that many financial institutions routinely assess on business customers.
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| Posted: 12 Jul 2012 06:48 PM PDT China's voracious appetite for luxury goods is starting to wane, and companies like Chow Tai Fook Jewellery Group and Burberry are seeing slower sales there.     |
| New York Fed's Maiden Lane Sales Top $27 Billion Posted: 12 Jul 2012 11:55 AM PDT Credit Suisse was among buyers of $828 million worth of mortgage securities left over from the bailout of AIG, bringing total sales from the vehicle known as Maiden Lane III to about $27.5 billion this year.     |
| News-Sharing Site Digg Sells for $500,000 Posted: 12 Jul 2012 06:31 PM PDT Betaworks has agreed to buy news-sharing website Digg, in an attempt to revive a company that was early to social media but outmaneuvered by rivals like Facebook and Twitter.     |
| Cheniere Finds Funding for LNG Export Terminal Posted: 12 Jul 2012 02:24 PM PDT Cheniere Energy expects to receive about $3.4 billion in financing this month for what could be the first liquefied-natural-gas export facility in the continental U.S.     |
| Investors Fight Proposed Loan Seizures Posted: 12 Jul 2012 08:01 PM PDT A bond-investor group is suggesting rules that would make it difficult for banks to provide the lowest-cost mortgages to homeowners in cities that plan to use eminent domain to modify mortgages.
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| South Africa Acts in MTN Bribery Case Posted: 12 Jul 2012 02:26 PM PDT South Africa has suspended its former ambassador to Iran amid allegations he accepted a bribe from MTN to help the mobile-phone operator obtain an Iranian business license.     |
| Goldman Protests Hedge Fund's Bid for Lehman Brokerage's Cash Posted: 12 Jul 2012 11:09 AM PDT Goldman Sachs is objecting to a bid by Paul Singer's Elliott Management to get its hands on more than $3 billion in reserves at Lehman Brothers' brokerage unit, claiming the hedge fund's attempt to speed up getting paid from the estate violates the law.     |
| Posted: 12 Jul 2012 06:58 PM PDT Yahoo is investigating a data breach that allowed a hacker group to download about 453,000 unencrypted user names and passwords in another black eye for the Internet company.     |
| Yahoo CEO Stays on Interim Basis Posted: 12 Jul 2012 02:40 PM PDT Yahoo at its annual meeting kept Ross Levinsohn in the CEO position on an interim basis.     |
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