"Wallstreet" Reader

"Wallstreet" Reader


Asian Markets Await 'Real' Action

Posted: 01 Aug 2012 07:52 PM PDT

All eyes in Asia are on the European Central Bank policy meeting later in the day, with most markets modestly higher. The Nikkei was up 0.6%.


When Will Retail Investors Call It Quits?

Posted: 01 Aug 2012 07:28 PM PDT

Intelligent Investor: If small investors needed any more reason to be disgusted with the stock market, they got it Wednesday, when trading—once again—went haywire.


U.S. Oil Reserves Jumped in 2010

Posted: 01 Aug 2012 04:26 PM PDT

U.S. oil and natural-gas reserves jumped in 2010 by the highest margin in at least three decades, lending weight to predictions that U.S. will meet more of its own energy demand.

Businesses Leap on Fiber Bandwidth Wagon

Posted: 01 Aug 2012 07:43 PM PDT

As Google starts to roll out its elaborate Fiber project in Kansas City, the area's entrepreneurs are plotting how to capitalize on the one-gigabit communications network in creative ways.


More Business Schools Choose Women as Deans

Posted: 01 Aug 2012 05:14 PM PDT

Many business schools are "acting affirmatively" by picking women over similarly qualified men to fill deanship slots.


Judge Rules for H-P in Oracle Case

Posted: 01 Aug 2012 04:45 PM PDT

A California judge ruled for H-P in its case against Oracle, allowing the trial to move to a second phase where H-P is expected to seek as much as $4 billion in damages.

Remember Managed Care? It's Quietly Coming Back

Posted: 01 Aug 2012 05:27 PM PDT

Under pressure to squeeze out costs, some of the U.S.'s biggest health insurers are quietly erecting more hurdles for patients seeking medical care.


Glitches Mar Stock Trading---Yet Again

Posted: 01 Aug 2012 07:58 PM PDT

U.S. stock traders grappled with a wave of orders that shook the market and prompted exchanges to halt trading in some securities.


Madoff Trustee Challenges $410 Million Merkin Settlement

Posted: 01 Aug 2012 05:38 PM PDT

The trustee unwinding the Madoff Ponzi scheme has asked a federal bankruptcy judge to block a $410 million settlement between the New York attorney general and J. Ezra Merkin, a money manager who allegedly funneled investments to Madoff.

IMF Chief Notes Slip in Confidence

Posted: 01 Aug 2012 05:02 PM PDT

The global economy is experiencing a widespread "decline of confidence" as problems mount in the euro zone and beyond, International Monetary Fund Managing Director Christine Lagarde said.

Facebook Flip: Fidelity Funds Exit Early

Posted: 01 Aug 2012 04:54 PM PDT

A year after they first started buying Facebook stock, many Fidelity Investments fund managers are shrinking their stakes.

USDA Offers Farmers Drought Aid

Posted: 01 Aug 2012 12:03 PM PDT

The USDA moved to help farmers and ranchers deal with drought conditions by opening up 3.8 million acres of land for haying and grazing and allowing farmers more time to make payments on crop-insurance premiums.

Ex-Research Consultant Shared Data With Fund Manager in Insider Case

Posted: 01 Aug 2012 11:21 AM PDT

A former independent research consultant said that he sought out and shared confidential information about a semiconductor maker with a hedge-fund manager on trial for insider trading.

Samsung Defends Evidence Move

Posted: 01 Aug 2012 06:37 PM PDT

A lawyer for Samsung Electronics said the company's decision to send reporters disputed evidence in its patent case with Apple was "lawful" and "ethical."

MF Trustee Sets Cautious Tone

Posted: 01 Aug 2012 12:06 PM PDT

MF Global trustee Giddens said customers should get around 90% of their money back, striking a more cautious note than another bankruptcy trustee who expressed confidence that customers will get all their money back.


Harley Profit Rises 30%

Posted: 01 Aug 2012 10:25 AM PDT

Harley-Davidson's executives expressed caution about the economic outlook despite a strong first half sales performance that helped lift its second-quarter profit 30% compared with a year earlier.

Hope for MF Global Clients

Posted: 01 Aug 2012 08:01 AM PDT

A bankruptcy trustee sifting through the remains of MF Global Holdings Ltd. expressed confidence that the failed securities firm's U.S. customers will get all their money back.

Devon Energy, Sumitomo Strike $1.4 Billion Deal

Posted: 01 Aug 2012 11:53 AM PDT

Devon Energy agreed to sell 30% of its interest in two oil-rich shale holdings in Texas to Japan's Sumitomo in a deal valued at about $1.4 billion.


Gauging Triggers to Fed Action

Posted: 01 Aug 2012 07:53 AM PDT

The Federal Reserve's unconventional measures to boost the recovery in recent years have followed a pattern in benchmarks of the economy's health.

U.S. Factory Activity Shrinks

Posted: 01 Aug 2012 07:36 AM PDT

The U.S. manufacturing sector contracted again in July amid a global slowdown. Separately, ADP said private businesses added 163,000 jobs in July.