"Wallstreet" Reader

"Wallstreet" Reader


Asian Markets Mixed

Posted: 30 Jul 2012 07:48 PM PDT

Asian markets were mixed Tuesday as Australia touched an 11-week high on hopes of European policy action, while Japan was down as a stronger currency hurt exporters.


GE Elects Ex-Chairman of Vanguard to Board

Posted: 30 Jul 2012 06:37 PM PDT

General Electric has named a person affiliated with its biggest shareholder to its board, electing Vanguard Group's chairman emeritus, John Brennan, as a director.


Accretive Health Reaches $2.5 Million Settlement With Minnesota

Posted: 30 Jul 2012 06:40 PM PDT

Revenue-manager Accretive Health said it reached a $2.5 million settlement with the Minnesota attorney general's office over an ongoing lawsuit and said it voluntarily decided to cease all its operations in Minnesota.


China Youngman to Buy Stake in Germany's Viseon

Posted: 30 Jul 2012 07:51 PM PDT

China Youngman Automobile Group, a home-grown car maker, plans to acquire a 75% stake in German coach manufacturer Viseon Bus, its latest attempt to expand globally after failing to purchase Saab Automobile last year.


Data Show Fannie, Freddie Savings

Posted: 30 Jul 2012 06:07 PM PDT

As the regulator for Fannie Mae and Freddie Mac nears its decision on whether to approve debt forgiveness for troubled borrowers, a new analysis by the regulator suggests that taxpayers could actually benefit from the move, according to people briefed on the findings.

New SNB Chief to Arrive Amid Soaring Reserves

Posted: 30 Jul 2012 05:42 PM PDT

The Swiss National Bank this week will fill the seat left vacant by the resignation of Philipp Hildebrand in January, with former civil servant Fritz Zurbruegg assuming responsibility for keeping the Swiss franc in check and managing the country's ballooning foreign-exchange reserves.

Dendreon to Cut 41% of Staff

Posted: 30 Jul 2012 05:06 PM PDT

Dendreon unveiled restructuring plans that include cutting more than 600 additional jobs, as the cancer-drug developer reported a second-quarter loss.

Regulators Press Muni-Index Probe

Posted: 30 Jul 2012 07:16 PM PDT

Regulators are stepping up their investigation into an interest-rate benchmark used in the $3.7 trillion municipal-bond market.

Forex Volumes Slump

Posted: 30 Jul 2012 04:53 PM PDT

The euro's troubles have sent the currency market into its worst slump since the financial crisis, with trading volumes falling world-wide for the first time since 2009.

Levinsohn Exits Yahoo

Posted: 30 Jul 2012 04:18 PM PDT

Ross Levinsohn said he is leaving Yahoo after the board chose longtime Google executive Marissa Mayer to become chief executive.

'Junk' Loans Gain Leverage

Posted: 30 Jul 2012 05:01 PM PDT

In the market for "junk" debt, some investors say loans are starting to look more appealing than bonds.

ICE Melts to Futures

Posted: 30 Jul 2012 06:14 PM PDT

IntercontinentalExchange said it plans to overhaul trading in trillions of dollars of energy contracts starting in January, becoming the first exchange to take such a step ahead of new financial regulations.

Biggest Chapter Yet for a Poison Pen

Posted: 30 Jul 2012 04:38 PM PDT

Daniel Loeb won a big victory in his bet on Yahoo, but the sometimes caustic hedge-fund manager has not yet lifted the stock out of its rut.


Washington Post Receives Ford Foundation Grant

Posted: 30 Jul 2012 03:35 PM PDT

The Ford Foundation awarded a $500,000 grant to the Washington Post to expand its government-accountability coverage, the foundation's second major grant to a for-profit newspaper this year.

Investor Settles Suit Over Chinese Firm Trading

Posted: 30 Jul 2012 04:46 PM PDT

The SEC lawsuit said Peter Siris, a longtime investor in Chinese stocks and former New York Daily News columnist, profited by trading on inside information on China Yingxia International, a company in which he had invested $1.5 million.

Defendant in Insider Case: I Was Just Doing My Job

Posted: 30 Jul 2012 03:35 PM PDT

Doug Whitman, a former hedge-fund manager, says he sought out nonpublic information, but denies trading on it. His trial starts Tuesday.


Saudi Oil Output Seen at Record Pace

Posted: 30 Jul 2012 06:01 PM PDT

Saudi Arabia is on track to surpass its record oil output this year, July data showed, offsetting a decline from Iran because of international sanctions, despite pressure from other oil exporters to cut back and help bolster world oil prices.

Money Funds Step Up Fight

Posted: 30 Jul 2012 03:45 PM PDT

Four of the largest mutual-fund companies and their industry group have shifted money to a lobbying campaign to fend off tighter regulations for the $2.5 trillion money-market fund industry.

U.S. Plans Antidumping Duties on Washing Machines

Posted: 30 Jul 2012 01:49 PM PDT

The Commerce Department set preliminary antidumping duties on large residential washers from South Korea and Mexico following a complaint from Whirpool.

RBS Braces for Its Own Libor Deal

Posted: 30 Jul 2012 03:41 PM PDT

A settlement in the trans-Atlantic Libor probe could undermine CEO Stephen Hester, who has trimmed the sprawling lender's toxic balance sheet and stemmed losses. A large public outcry could cost him his job.