"Wallstreet" Reader |
- Asian Markets Mixed
- Mazda Zigs as Its Rivals Zag
- U.S. to Launch Review of Futures Firms
- Calpers Misses Big on Investment Target
- Declining Euro Can't Cure All Ills
- Inside Canada, China Asserts Itself
- Prosecutors Praise Kumar for His Aid in Insider Crackdown
- Bailout Fund Ruling Delayed
- Senate Probe Faults HSBC
- Italian Banks' Ratings Cut by Moody's
- Court Revives Suit Against Schering
- Former Citi Employee Goes on Trial in Crisis-Era Case
- Google's Mayer Named Yahoo Chief Executive
- Hospira Recalls Some Cancer Drugs
- GM Expects More Red Ink in Europe
- Brazil Says Chevron Fine Unlikely to Surpass $25 Million
- SEC Names Acting Chief Accountant
- Daffy's to Liquidate
- Shell Pulls Out of Bidding War for Cove Energy
- Lending Proves Both Boon and Bane for Regional Banks
| Posted: 16 Jul 2012 08:02 PM PDT Asian stocks were mixed early Tuesday, as investors were cautious ahead of Fed Chairman Ben Bernanke's testimony before Congress. Korea's Kospi was down 0.3%.       |
| Posted: 16 Jul 2012 06:32 PM PDT Mazda is charting a radical course for a Japanese auto maker: betting heavily on exporting, even as the strong yen makes it much harder to do so profitably.     |
| U.S. to Launch Review of Futures Firms Posted: 16 Jul 2012 07:01 PM PDT Regulators will conduct a sweeping review of futures firms across the country, seeking to ensure that the firms' bank accounts contain the cash they say they do.     |
| Calpers Misses Big on Investment Target Posted: 16 Jul 2012 07:01 PM PDT Calpers's 1% return for the fiscal year ended June 30 could force the state of California and its cities to contribute more to the retirement system.     |
| Declining Euro Can't Cure All Ills Posted: 16 Jul 2012 05:57 PM PDT The euro has fallen to multiyear lows against almost all its trading partners as the crisis has engulfed Spain, but what would in normal times be a boon for the region may not help as much now.     |
| Inside Canada, China Asserts Itself Posted: 16 Jul 2012 08:01 PM PDT Chinese companies are turning more to their own nationals for everything from negotiating with Native American groups to mineral prospecting. And that's drawing the attention of Canadian intelligence.
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| Prosecutors Praise Kumar for His Aid in Insider Crackdown Posted: 16 Jul 2012 03:57 PM PDT Former McKinsey consultant Anil Kumar's cooperation in the U.S. government's insider-trading probe was "nothing short of extraordinary," prosecutors said ahead of his sentencing.     |
| Posted: 16 Jul 2012 06:03 PM PDT Germany's highest court on Monday said it won't make a decision until Sept. 12 on whether to impose a temporary injunction to block Europe's permanent bailout fund.     |
| Posted: 16 Jul 2012 06:38 PM PDT Executives at HSBC ignored warnings for years that the bank's far-flung operations were being used by money-launderers and potential terrorist financiers, according to a U.S. Senate investigation.     |
| Italian Banks' Ratings Cut by Moody's Posted: 16 Jul 2012 06:13 PM PDT Moody's Investors Service lowered its long-term ratings on 10 Italian banks and its issuer ratings on three Italian financial institutions by one to two notches Monday.     |
| Court Revives Suit Against Schering Posted: 16 Jul 2012 06:22 PM PDT A federal-appeals court provided a boost to critics of patent settlements in which branded drug makers pay generic competitors to delay their efforts to introduce generic drugs.     |
| Former Citi Employee Goes on Trial in Crisis-Era Case Posted: 16 Jul 2012 01:06 PM PDT Regulators accused a former Citigroup employee of misleading investors about the bank's financial bet on a $1 billion mortgage-bond deal as a rare civil trial related to the financial crisis kicked off.     |
| Google's Mayer Named Yahoo Chief Executive Posted: 16 Jul 2012 04:23 PM PDT Yahoo tapped longtime Google executive Marissa Mayer to be its next chief executive, succeeding interim chief executive Ross Levinsohn, as the Internet pioneer tries to reverse its downward course.
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| Hospira Recalls Some Cancer Drugs Posted: 16 Jul 2012 01:22 PM PDT Hospira issued a nationwide recall of four types of cancer medicines because of a problem with the glass vials that contain the drugs.     |
| GM Expects More Red Ink in Europe Posted: 16 Jul 2012 06:18 PM PDT General Motors expects to report substantial losses in its European operations for the rest of the year, damping hopes of a second-half recovery at its Opel and Vauxhall auto-making units.     |
| Brazil Says Chevron Fine Unlikely to Surpass $25 Million Posted: 16 Jul 2012 12:53 PM PDT Brazil is unlikely to fine Chevron more than 50 million Brazilian reais ($24.5 million) for its role in a November oil spill off Brazil's coast, the director of the country's petroleum regulator said.     |
| SEC Names Acting Chief Accountant Posted: 16 Jul 2012 12:42 PM PDT The Securities and Exchange Commission named Paul Beswick acting chief accountant, making him the agency's new point man in the continuing debate over whether and how the U.S. should switch to using global accounting rules.     |
| Posted: 16 Jul 2012 06:21 PM PDT Daffy's, a discounter that touted "Clothing Bargains for Millionaires," said it will liquidate its 19 stores over the next several months. While the company blamed the economy, larger rivals, like TJ Maxx and Marshall's, as well as "fast fashion" chains, proved tough competition.     |
| Shell Pulls Out of Bidding War for Cove Energy Posted: 16 Jul 2012 02:28 PM PDT Shell's decision to pull out of bidding for Cove Energy should effectively hand control of Cove to rival bidder PTT Exploration.     |
| Lending Proves Both Boon and Bane for Regional Banks Posted: 16 Jul 2012 07:01 PM PDT As earnings season gets under way for regional lenders like KeyCorp, M&T Bank and Comerica, the profit pinch wrought by the low interest-rate environment is coming into focus.     |
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