"Wallstreet" Reader

"Wallstreet" Reader


Creation of Bank Watchdog Will Test the Euro Zone

Posted: 22 Jul 2012 07:46 PM PDT

The proposed creation of a single euro-zone bank supervisor is shaping up to be a test of the willingness of countries to give up national powers for the sake of the euro.


DreamWorks Scoops Up Classic Old Characters

Posted: 22 Jul 2012 07:44 PM PDT

DreamWorks Animation is buying Classic Media, a company that owns rights to more than 450 family entertainment titles, including Casper, Lassie, and Where's Waldo, with the aim of leveraging the library across its entertainment divisions.


Asian Markets Fall

Posted: 22 Jul 2012 07:23 PM PDT

Asian markets fell on Monday after Spain's borrowing costs climbed to a euro-era high, pushing the single currency down to multi-year lows against the dollar and yen. The Kospi was down 1.7%.


Universal Faces Fresh EMI Hurdles

Posted: 22 Jul 2012 05:38 PM PDT

Universal's plan to acquire EMI suffered a series of setbacks, raising the possibility that the music giant will need to pay nearly the entire $1.9 billion purchase price before regulators have decided whether to approve the deal.

Kodak's Risks Grow After Loss in Patent Fight

Posted: 22 Jul 2012 04:46 PM PDT

Bids for patents being auctioned by Eastman Kodak could become less generous now that the company has lost a key intellectual-property case.

As Homes Go, So Do Pickups

Posted: 22 Jul 2012 05:01 PM PDT

A key indicator of U.S. pickup-truck sales—home construction—is gaining steam and giving new hope to American auto makers facing sales declines in Europe and South America.


Riot-Hit Car Maker Declares Lockout

Posted: 22 Jul 2012 07:42 PM PDT

Maruti Suzuki, India's largest car maker, declared a lockout at its Manesar factory until local authorities finish investigating a riot that left a senior executive dead.


NRG to Buy GenOn for $1.7 Billion

Posted: 22 Jul 2012 04:50 PM PDT

NRG Energy plans to buy smaller rival GenOn Energy in an all-stock deal valued at about $1.7 billion.

Greece Seeks More Cuts as Deadlines Loom

Posted: 22 Jul 2012 07:56 PM PDT

Greece is seeking billions of euros of additional budget cuts and looks poised to announce the first steps toward streamlining its bloated public sector ahead of the return of a troika of international inspectors to Athens this week.


'Dark Knight' Fans Still Turn Out

Posted: 22 Jul 2012 06:48 PM PDT

Millions of fans turned out for "The Dark Knight Rises" despite the grisly shooting at a Colorado screening, but the tragedy compromised the results for the much-anticipated action movie.

Oil-Price Surge Is All About Iran

Posted: 22 Jul 2012 05:16 PM PDT

U.S. oil futures have rocketed up 18% over the past three weeks, sparked by escalating concerns about Iran.

Spain Urges ECB to Support Euro

Posted: 22 Jul 2012 01:02 PM PDT

The Spanish government, confronted by growing antiausterity protests, now sees the European Central Bank as the only institution with the ability to change the course of the country's financial crisis.

Futures Overseer Plots Revamp

Posted: 22 Jul 2012 05:33 PM PDT

The collapse of Peregrine Financial Group Inc. has prompted new scrutiny of the futures industry's front-line regulator and triggered plans to change its practices.

After Facebook, Investors Regain Appetite

Posted: 22 Jul 2012 05:13 PM PDT

The market for initial public offerings is much improved.

BP Calls for TNK-BP Dividend

Posted: 22 Jul 2012 12:36 PM PDT

U.K. oil company BP has proposed that its Russian joint venture TNK-BP pay shareholders a $1 billion interim dividend, TNK-BP said.

Few Call for Gun-Law Changes

Posted: 22 Jul 2012 10:56 AM PDT

The congressman from Aurora, Colo., called on Congress to reinstate a federal ban on assault weapons after the mass shooting in a Denver suburb. But only a smattering of politicians joined him.

Police Chief on Apartment Search

Posted: 22 Jul 2012 09:50 AM PDT

The sophistication of the explosives and traps inside the apartment of the Colorado shooting suspect showed how cold-blooded the alleged killer was, the Aurora police chief said.

New Gun Laws Are Unlikely

Posted: 22 Jul 2012 09:07 AM PDT

The Aurora, Colo., shooting spree will fuel fresh calls for gun control, but changes in laws are unlikely, partly because of a lack of support for new measures in Congress and among the public at large, people on both sides of the debate said.

Don't Blame Shorter Lives on Sitting

Posted: 22 Jul 2012 09:11 AM PDT

Headlines have suggested that people who spend a lot of time sitting were in mortal danger. But it could be that people who spend more time sitting are less healthy to begin with.

Suspect Was Top Student

Posted: 22 Jul 2012 09:06 AM PDT

The suspect in Friday's theater shootings was a top student focused on the brain and behavior who gave few signs of anything sinister.