"Wallstreet" Reader

"Wallstreet" Reader


Toshiba, Inpex Shares Rise

Posted: 19 Jul 2012 07:40 PM PDT

The effects on Asian markets of strong U.S. corporate earnings were tempered by weaker employment data. The Hang Seng was up 0.3%.

Heineken Bid May Spark Beer Battle

Posted: 19 Jul 2012 07:00 PM PDT

Heineken offered to buy Singapore beverage maker Fraser & Neave's entire stake in Asia Pacific Breweries for $4.1 billion, in a move that could trigger a takeover battle between the Dutch beer maker and suitors linked with a Thai tycoon.

Philippines Stocks Might Be Boiling Over

Posted: 19 Jul 2012 08:01 PM PDT

The Philippines stock market has shot up nearly 19% this year, making it one of Asia's top performers for a second year. But some investors are getting nervous about chasing further gains.


Microsoft Swings to Loss

Posted: 19 Jul 2012 07:15 PM PDT

Microsoft reported a $492 million quarterly loss on a hefty write-down in its online-services division. Shares rose after-hours.

Peregrine's Vast Money Trail

Posted: 19 Jul 2012 06:30 PM PDT

Russell Wasendorf Sr. and his companies invested in everything from wind turbines to silver coins featuring SpongeBob SquarePants.

Google Mum on Motorola

Posted: 19 Jul 2012 07:25 PM PDT

Google posted strong financial results for its second quarter, but it didn't discuss its plans for handset maker Motorola, which it acquired in May after announcing the $12.5 billion deal last August.

Appeals Court Won't Stay Injunction on Galaxy Tab Sales

Posted: 19 Jul 2012 06:17 PM PDT

A federal appeals court on Thursday refused to stay a trial judge's preliminary injunction that banned sales of Samsung's Galaxy Tab 10.1 touchscreen tablet at the request of Apple.

Pfizer Wins Lyrica Patent Ruling

Posted: 19 Jul 2012 02:27 PM PDT

A federal judge backed Pfizer's patents for the painkiller Lyrica, preserving market U.S. exclusivity for one of the company's best-selling drugs through 2018.

SEC Weighs Tougher Proposal on Minerals Tied to Violence

Posted: 19 Jul 2012 03:27 PM PDT

The SEC may toughen a proposed rule requiring U.S. public companies to report whether their goods contain minerals linked to violence in central Africa.

Peregrine Chief's Son Said to Be Cooperating With Probe

Posted: 19 Jul 2012 01:49 PM PDT

The son of Peregrine Financial Group's chief executive is cooperating with investigators probing his father's alleged fraud and has spent much of the time since it was exposed last week answering their queries about the collapsed firm, according to the son's lawyer.

Regional Lenders Tread Cautiously Optimistic Line

Posted: 19 Jul 2012 01:20 PM PDT

For regional banks like Fifth Third, KeyCorp and Huntington, loans are increasing and defaults are decreasing. But low rates continue to pinch and would-be borrowers are increasingly worried about the economy.

Brazil Criticizes Chevron for Spill, Says Production May Restart

Posted: 19 Jul 2012 07:53 PM PDT

Brazil's oil regulator on Thursday laid heavy criticism on Chevron for an oil spill at an offshore field last November but said it has no objections to the firm restarting production.


Penguin Group Dives Into Self-Publishing

Posted: 19 Jul 2012 07:36 PM PDT

Pearson's Penguin Group acquired Author Solutions, a self-publishing company, in a move that underscores how traditional book companies are rethinking their business models.

Georgia Gulf, PPG Unit to Merge in $2 Billion Deal

Posted: 19 Jul 2012 01:17 PM PDT

Georgia Gulf positioned itself for a recovery in the domestic housing market as the U.S. chemicals company disclosed plans to combine with a unit of PPG Industries in a deal valued at $2.1 billion.

Euro Crisis Hits Emerging-Markets

Posted: 19 Jul 2012 06:31 PM PDT

Lending conditions in emerging economies deteriorated in recent months as the deepening crisis in the euro zone weighed on banks around the world, according to an industry survey to be released Friday.

AutoNation Net Points to Car Sales Boom

Posted: 19 Jul 2012 01:18 PM PDT

Auto retailers like AutoNation are enjoying boom times with greater availability of Japanese autos, financing and the desire of consumers to trade up to new vehicles with better fuel economy.

Indian Auto Maker Hit by Violent Protests

Posted: 19 Jul 2012 07:19 PM PDT

Workers at India's largest auto maker rioted and started a fire that killed a senior company official and injured nine policemen and nearly 100 Maruti Suzuki executives, including two Japanese expatriates.

Libor Probe Hits Germany

Posted: 19 Jul 2012 05:41 PM PDT

German banks are caught in the cross hairs of the global investigations into rate manipulations.

Comcast Realigns News Operations

Posted: 19 Jul 2012 07:17 PM PDT

Comcast said it created a new unit, NBCUniversal News Group, to house all of its news properties, and appointed Pat Fili-Krushel, a veteran media executive, to oversee it.

J&J Penalty May Total $2.2 Billion

Posted: 19 Jul 2012 07:22 PM PDT

Johnson & Johnson and federal prosecutors reached a deal that would settle investigations into the company's marketing practices for as much as $2.2 billion.