"Wallstreet" Reader

"Wallstreet" Reader

Greece Plans Large Debt Auction Tuesday

Posted: 10 Aug 2012 06:22 PM PDT

Starved of financing options, Greece will offer an unusually large amount of treasury bills next week so it can meet looming redemptions and fund its cash needs .

Lehman to Take Archstone Public

Posted: 10 Aug 2012 05:10 PM PDT

Lehman filed plans to take apartment giant Archstone public in a major step toward unwinding its largest real-estate investment, which helped undo the investment bank in 2008.

Job Churn Hits Insider Probe

Posted: 10 Aug 2012 03:38 PM PDT

Three years into the federal crackdown on insider trading, some of the people most responsible for winning convictions are moving on.

For Chesapeake, a Question on Reserves

Posted: 10 Aug 2012 05:16 PM PDT

Chesapeake Energy submits less of its oil and gas reserves to third-party verification than competitors, raising investor concerns that the company's reserve estimates may be overly aggressive.

Apple Speeds Through Final Witnesses in Patent Case

Posted: 10 Aug 2012 05:27 PM PDT

Apple called a set of final witnesses in its patent case against Samsung Electronics, seeking to show that consumers confused the Korean company's products with Apple's.

Japan Lifts Sales Tax to Tackle Debt

Posted: 10 Aug 2012 04:40 PM PDT

Japan, burdened with the highest debt load of any developed nation, took its biggest step in years to contain the problem, approving a plan to double the national sales tax by 2015.

Barclays Seeks a More British Style

Posted: 10 Aug 2012 03:46 PM PDT

In David Walker, Barclays found a chairman as British as Sunday roasts and warm beer. One of his first tasks will be to find a replacement for the bank's former American CEO.

Time, CNN Suspend Columnist Zakaria

Posted: 10 Aug 2012 08:00 PM PDT

Both Time magazine and CNN have suspended columnist Fareed Zakaria following the revelation of similarities between his recent writing for both news organizations on gun control and another reporter's writing in the New Yorker.


Union-Based Bank Draws Democrats

Posted: 10 Aug 2012 03:54 PM PDT

The Democratic National Committee will be moving some of its banking business to union-owned Amalgamated Bank after years of working with Bank of America.

Kodak Patents Bidding Is Tame

Posted: 10 Aug 2012 04:45 PM PDT

Kodak's patent auction has failed to generate the premium bids that the company and creditors had hoped for, with some suitors leaving Manhattan for home in the past few days.

Tyco, Ex-CEO Kozlowski Settle Dispute

Posted: 10 Aug 2012 02:59 PM PDT

Tyco and its former CEO have settled a nearly decade-long dispute over whether he should return more than $500 million in compensation and benefits.

Judge Approves CME Transfers to MF Customers

Posted: 10 Aug 2012 05:51 PM PDT

A judge approved a deal between CME Group and the trustee unwinding the brokerage of MF Global that calls for former brokerage customers to get $130 million from the futures-exchange operator.

Fannie Ex-Officers Lose Bid to Get SEC Case Dismissed

Posted: 10 Aug 2012 02:38 PM PDT

Three former senior executives of Fannie Mae lost a bid on Friday to dismiss civil-fraud charges filed against them last year by the Securities and Exchange Commission.

Google to Penalize Sites Flagged Over Copyright

Posted: 10 Aug 2012 07:30 PM PDT

Google said its search engine would begin to penalize websites suspected of improperly posting copyrighted material, a gesture that is meant to succor media companies that have long complained about the issue.

Netflix CEO Buys Stock in Facebook

Posted: 10 Aug 2012 02:56 PM PDT

Reed Hastings, chief executive of Netflix and a Facebook board member, disclosed a purchase of roughly $1 million in Facebook stock.

Capital Research Takes 10.5% Stake in Netflix

Posted: 10 Aug 2012 12:58 PM PDT

Capital Research Global Investors snapped up shares of movie subscription service Netflix, disclosing a 10.5% stake on Friday.

Boeing Names New Sales Chief

Posted: 10 Aug 2012 12:12 PM PDT

Boeing named John Wojick to head global sales for its commercial aircraft business as the company works to win more orders for its updated single-aisle 737 Max jet.

In Standard Chartered Case, Deloitte Official in Spotlight

Posted: 10 Aug 2012 02:37 PM PDT

The Deloitte & Touche executive who allegedly wrote an email that forms part of New York regulators' money-laundering case against Standard Chartered is a former Justice Department official who is now a fundraiser for Obama's re-election campaign.

Counterfeiting Sends Ubiquiti Shares Plummeting

Posted: 10 Aug 2012 11:34 AM PDT

Ubiquiti Networks shares took a hit after the company said counterfeiting of its communications gear could cause a 35% drop-off in its revenue this quarter.

Martha Stewart Living Appeals Injunction

Posted: 10 Aug 2012 11:13 AM PDT

Martha Stewart Living Omnimedia is appealing a preliminary injunction against the media-and-merchandising company's partnership with department store chain J.C. Penney.