"Wallstreet" Reader

"Wallstreet" Reader


Nomura CEO to Resign Over Insider Trading Scandal

Posted: 25 Jul 2012 07:54 PM PDT

The chief executive and chief operating officer of Nomura Holdings are stepping down to take responsibility for the bank's involvement in a series of leaks of inside information.


Big-Bank Pioneer Now Seeks Breakup

Posted: 25 Jul 2012 07:25 PM PDT

Sanford Weill, who built Citigroup Inc. through repeated acquisitions, on Wednesday called for the breakup of huge U.S. financial conglomerates.


Zynga Posts Loss, Stock Plunges 39%

Posted: 25 Jul 2012 05:59 PM PDT

Zynga posted a second-quarter loss despite rising revenue, and the online-games provider lowered its full-year outlook, driving its share price lower in after-hours trading.

Asian Shares Edge Higher

Posted: 25 Jul 2012 06:31 PM PDT

Asian markets edged upward early Thursday, following days of heavy selling, as investors focused a slew of earnings reports. The Nikkei was up 0.1%.

How Not to Keep a Secret

Posted: 25 Jul 2012 04:27 PM PDT

An Irish pharmaceutical-services company faces a lawsuit for revealing a rival was on the block. The rival alleges the Irish company was bound by a non-disclosure agreement and should not have revealed the information.

India Tries to Lure Small Investors to Stocks

Posted: 25 Jul 2012 04:52 PM PDT

The Indian government's effort to attract individuals into the stock market faces a big hurdle: Investors are increasingly disillusioned by investing.

Stimulus Hopes Boost Gold

Posted: 25 Jul 2012 04:40 PM PDT

Gold futures finished above $1,600 an ounce for the first time in more than two weeks as some traders bet that a deteriorating global growth outlook would compel the Fed to try to stimulate economic activity.

Muni Blues Worry Investors

Posted: 25 Jul 2012 05:45 PM PDT

Cash-strapped cities see bankruptcy as a viable option for managing spiraling debts. Bond investors are nervous.

Judge Sanctions Samsung

Posted: 25 Jul 2012 06:17 PM PDT

A federal judge sanctioned Samsung Electronics for failing to prevent the automatic deletion of email evidence in its patent case with Apple.

Box Is Raising New Financing Round

Posted: 25 Jul 2012 04:07 PM PDT

Box, a venture-capital-backed company whose software lets workers store and access documents on the Web, is raising a new round of financing that would value the start-up at $1.2 billion.

United Technologies to Sell Hamilton Units

Posted: 25 Jul 2012 05:00 PM PDT

United Technologies agreed to sell three units of its Hamilton Sundstrand subsidiary to a private-equity group for about $3.5 billion, in a deal that will help fund its purchase of aircraft-components maker Goodrich.

Telefonica Suspends Dividend

Posted: 25 Jul 2012 05:27 PM PDT

Telefonica is suspending dividend payments and share buybacks for this year, in a move that highlights the dire straits faced by Spanish corporations.

EU Eyes Greater Regulation of Financial Benchmarks

Posted: 25 Jul 2012 03:43 PM PDT

European authorities proposed the possibility of criminal penalties, including jail time, for manipulating financial benchmarks such as Libor and said the financial industry's role in setting these benchmarks needs stronger public oversight.

Regulators Seek Outside Audit Advice After Peregrine Collapse

Posted: 25 Jul 2012 01:25 PM PDT

Futures regulators are seeking advice from the organization that oversees the auditors of public companies after coming under attack for missing red flags of an alleged 20-year fraud at Peregrine Financial Group.

Plea Ends Bizarre Chapter in Probe

Posted: 25 Jul 2012 05:58 PM PDT

John Kinnucan ridiculed the prosecutors and federal agents investigating him, and his wife begged him to stop. On Wednesday, he pleaded guilty to illegally passing on confidential information about technology companies to hedge funds and other clients.

MGM Studio Considers IPO

Posted: 25 Jul 2012 05:29 PM PDT

MGM Holdings, the parent of film studio Metro-Goldwyn-Mayer, is planning a possible public stock offering, the company said. It offered few details about what it called a "confidential" filing with the Securities and Exchange Commission.

Drought to Hit Food Prices in 2013

Posted: 25 Jul 2012 05:27 PM PDT

The record-setting drought in the Midwest is set to drive up Americans' food bills, the USDA said, with the biggest impact coming next year.

Geithner Defends His Response to Libor Concerns

Posted: 25 Jul 2012 06:16 PM PDT

Treasury Secretary Geithner deflected criticism over his handling of an interest-rate manipulation scandal, saying that U.S. officials took appropriate steps and that the Bank of England bore responsibility for repairing the problem.

Euro-Zone Banks Tighten Loan Criteria

Posted: 25 Jul 2012 05:12 PM PDT

Euro-zone banks tightened their credit standards again in the second quarter, as a slowing economy and spreading debt crisis outweighed the effects of a huge European Central Bank cash injection

Short-Selling Declines at NYSE, Nasdaq

Posted: 25 Jul 2012 09:10 AM PDT

Short-selling fell at the New York Stock Exchange and the Nasdaq Stock Market during the first half of July.