"Wallstreet" Reader

"Wallstreet" Reader


WSJ, FX Trader Launch Dollar Index

Posted: 17 Jul 2012 07:17 PM PDT

The WSJ Dollar Index is an attempt to improve on existing indexes by basing its value on actual, up-to-date turnover by all participants in the foreign-exchange market.


DirecTV Finds Some Unlikely Friends

Posted: 17 Jul 2012 06:29 PM PDT

Several cable-TV operators have come out publicly supporting DirecTV during its program-fee dispute with Viacom, adding that they don't intend to ramp up marketing to capitalize on the situation.


EBay Acquires Start-Up Card.io to Bolster PayPal

Posted: 17 Jul 2012 05:02 PM PDT

EBay has acquired credit-card-scanning company card.io, bolstering its fast-growing PayPal payments unit.


Vivendi to Compromise to Seal EMI Deal

Posted: 17 Jul 2012 03:14 PM PDT

Vivendi's Universal Music Group is preparing to offer major concessions to European antitrust regulators in pursuit of a deal to acquire rival EMI Music.


Things Get Sticky Before Ramadan

Posted: 17 Jul 2012 05:15 PM PDT

Sugar traders find themselves in a sticky situation as a combination of higher demand from the Muslim world ahead of an important holiday and surprisingly low supplies from Brazil is sending prices sharply higher.


U.K. Plans Infrastructure Guarantees

Posted: 17 Jul 2012 04:07 PM PDT

Chancellor of the Exchequer George Osborne is expected to announce plans to stimulate the U.K. economy, with the government offering to provide guarantees on private investment in infrastructure projects and exports.

New School of Tech Management: Google

Posted: 17 Jul 2012 08:00 PM PDT

Yahoo's hiring of Marissa Mayer as CEO cements Google's reputation as a launching pad for tech managers, the kind of role GE has played for much of American business.


Italy Raises Scrutiny of Sicily

Posted: 17 Jul 2012 06:33 PM PDT

Prime Minister Mario Monti announced plans to meet next Tuesday with the governor of Sicily to discuss the region's finances as business leaders raised questions about the Italian island's solvency.


Finmeccanica Weighs Alliances

Posted: 17 Jul 2012 07:42 PM PDT

Finmeccanica would consider merging some operations with European rivals as part of an effort by the Italian defense and aerospace group to become more competitive, the company's chief executive said.


Vivendi Seeks Buyers for Activision

Posted: 17 Jul 2012 02:25 PM PDT

Vivendi is working with two investment banks to explore the sale of videogame giant Activision Blizzard, in which the French conglomerate owns a majority stake.


United Continental Pilots Back Strike

Posted: 17 Jul 2012 02:51 PM PDT

Pilots at United Continental concluded a strike vote with 99% of the voters approving a plan to withdraw their services, if allowed by federal mediators.

Report: States Are on Unsustainable Path

Posted: 17 Jul 2012 12:41 PM PDT

Rising pension and health-care costs are hampering states' efforts to improve infrastructure, according to a new task force.


Fed Dims View, Weighs Options

Posted: 17 Jul 2012 06:27 PM PDT

Bernanke delivered a bleak new assessment of the U.S. economy but remained guarded about what the Fed would do about the disappointing outlook.


BlackRock Test Miffs Banks

Posted: 17 Jul 2012 04:22 PM PDT

The firm recently tested its new bond-trading platform without telling the Wall Street securities dealers that dominate that business, a move that miffed some traders at the banks.

Fund Head Arrested in Fraud Case

Posted: 17 Jul 2012 04:19 PM PDT

A hedge-fund manager who allegedly invested with convicted Ponzi scheme operators Samuel Israel III and Arthur Nadel has been himself been charged with fraud.

Libor Alternative Trades Briskly in Debut

Posted: 17 Jul 2012 09:26 AM PDT

Investors embraced a futures contract tied to a rate that some see as an alternative to the London interbank offered rate, trading more than 2,600 contracts on its debut.


Finland Reaches Collateral Deal Over Spain Bailout

Posted: 17 Jul 2012 11:14 AM PDT

Finland agreed to help shore up ailing Spanish banks in exchange for cash collateral, removing an obstacle to the European Union's planned €100 billion ($123 billion) Spanish bank bailout.

EMC's Gelsinger Will Run VMware

Posted: 17 Jul 2012 04:20 PM PDT

Data storage giant EMC reshuffled its top ranks, setting up a two-way race to succeed longtime CEO Joe Tucci—in the event he ever does step down.

HSBC's Compliance Chief Resigns

Posted: 17 Jul 2012 05:51 PM PDT

The top executive in charge of HSBC's anti-money-laundering programs told lawmakers he is stepping down in the wake of a Senate investigation into risky practices at the global banking giant.


Spanish Official: Slow Reaction to Crisis

Posted: 17 Jul 2012 05:19 PM PDT

The country's borrowing costs fell in latest debt auction, as the new central bank chief blasted policies under his predecessor.