"Wallstreet" Reader

"Wallstreet" Reader

Google Acknowledges Still Having Contested User Data

Posted: 27 Jul 2012 07:06 PM PDT

Google has acknowledged it retained Internet user data collected surreptitiously through wireless networks as part of its street mapping service after it had been ordered to destroy it.

Weak Economy Heads Lower

Posted: 27 Jul 2012 05:51 PM PDT

The U.S. economy slowed sharply in the second quarter, growing just 1.5% as consumers slashed spending and businesses grew more cautious about hiring and investing.

AMR Sets Terms for Merger Talks

Posted: 27 Jul 2012 05:59 PM PDT

AMR sent a nondisclosure agreement to suitor US Airways and several other airlines, moving along its pledge to explore possible merger scenarios while still under bankruptcy court protection.

Fund Warns on Spain Efforts

Posted: 27 Jul 2012 07:58 PM PDT

The IMF said Rajoy's government has taken important steps to rein in its budget deficit and to shore up Spain's ailing banking sector, but the new spending cuts and the cleanup of lenders grappling with a massive housing bust won't be easy to implement.


Apple, Google Line Up to Bid for Kodak's Patents

Posted: 27 Jul 2012 05:09 PM PDT

Consortiums including Apple, Microsoft, Google and Samsung Electronics are expected to bid on Kodak's trove of 1,100 patents, with Monday's initial bid deadline looming.

U.S.: Taxpayers Who Renounced Citizenship Fell Sharply

Posted: 27 Jul 2012 10:43 AM PDT

The number of Americans renouncing their citizenship fell sharply in the second quarter, to 189 from 520 for the same period in 2011, according to a list released by the Treasury Department on Friday.

Two Duke Energy Directors Resign

Posted: 27 Jul 2012 03:31 PM PDT

Two Duke Energy board members resigned amid the controversy ignited when the company fired its new CEO following a merger.

D.R. Horton's Profit Jumps

Posted: 27 Jul 2012 12:22 PM PDT

D.R. Horton reported sharply higher quarterly earnings as the builder sold more homes and its orders rose 25%.

Chick-Fil-A's Head of Public Relations Dies

Posted: 27 Jul 2012 01:14 PM PDT

The fast-food chain has suffered a backlash since its president and chief operating officer said he didn't support same-sex marriage

Watsa Sees Value in RIM

Posted: 27 Jul 2012 12:22 PM PDT

Fairfax CEO Prem Watsa, Research In Motion's largest shareholder, said his big bet on the struggling BlackBerry maker is a "long term" investment and not in expectation of a eventual sale of the company.

Legg Mason Swings to Loss

Posted: 27 Jul 2012 12:04 PM PDT

Legg Mason shouldered its 19th straight quarter of net outflows in the June quarter, extending a bleak run for the money manager and helping push it to a surprise loss for the period.

Amazon's Book Value for LivingSocial Declines

Posted: 27 Jul 2012 12:13 PM PDT

Amazon.com's book value of its stake in daily-deals company LivingSocial has declined to $271 million from $298 million.

A 'Neigh' to Thoroughbred IPOs

Posted: 27 Jul 2012 03:28 PM PDT

For $100 and a dream, horseman Frank Stronach hoped to bring to the average investor the thrill of guiding a racehorse to the winner's circle. But instead of IPOs, stakes will be sold as private limited partnerships.

ECB to Discuss Rescue Plan With Bundesbank

Posted: 27 Jul 2012 12:04 PM PDT

ECB President Mario Draghi will meet with German central bank head Jens Weidmann to discuss plans for the ECB and Europe's rescue fund to join forces in purchasing Spanish and Italian government bonds.


Europe Drags on Danone

Posted: 27 Jul 2012 11:30 AM PDT

Danone is bracing for further economic deterioration, after a slide in sales and margins in Europe dented its first-half results.

Google Still Has U.K. User Data

Posted: 27 Jul 2012 12:14 PM PDT

Google has acknowledged still having Internet user data collected surreptitiously through wireless networks as part of its street-mapping service after it had been ordered to destroy it.

U.S. Faces More Challenges From Bank Share Sales

Posted: 27 Jul 2012 01:42 PM PDT

The Treasury Department raised $248.5 million from the sale of stakes in 12 banks, less than its initial investment. But the government made money when dividend payments are included.

Greece Seen Facing €30 Billion Shortfall

Posted: 27 Jul 2012 08:50 AM PDT

Greece's chronic recession and the receding hope of an economic recovery have blown a hole of at least €30 billion in its financial rescue plan, officials familiar with the situation said.

CNN Chief to Step Down

Posted: 27 Jul 2012 05:07 PM PDT

Jim Walton, the president of CNN Worldwide, will step down at the end of the year, the network said. CNN has been struggling to keep pace with Fox News and MSNBC in the ratings.

Court Upholds Restrictions on Tobacco Industry

Posted: 27 Jul 2012 12:37 PM PDT

A federal appeals court upheld a trial judge's decision to maintain the restrictions she imposed on cigarette makers in 2006 for violating federal racketeering laws.