"Wallstreet" Reader

"Wallstreet" Reader


Asian Markets Mostly Lower

Posted: 12 Aug 2012 07:55 PM PDT

Asian markets were mostly lower after Japan's economy slowed more-than-expected and as evidence mounts of a worsening slowdown in China. South Korea's Kospi posted its first decline in six sessions, down 0.4%.


New Tactics Boost Bank Profits

Posted: 12 Aug 2012 04:11 PM PDT

A handful of European banks have figured out a way to boost their profit and capital ahead of new regulations: grab back their bonds.

Japan's Economy Slows

Posted: 12 Aug 2012 05:37 PM PDT

The Japanese economy grew at a weaker-than-expected annualized pace of 1.4% in the April-June quarter, as exports slowed and a domestic-demand led recovery showed signs of faltering.

U.K. Firms Plan to Hire

Posted: 12 Aug 2012 07:38 PM PDT

U.K. companies plan to increase staffing levels in the next three months, but are running out of patience and may start laying off staff if the economy fails to emerge from recession this year.


NCR Unit in Syria Accused Of Sanctions Lapse

Posted: 12 Aug 2012 07:47 PM PDT

NCR, the maker of ATMs, has been accused by an individual of violating U.S. embargoes on doing business in Syria through a subsidiary there. The company said it is investigating the allegation of misconduct.


Smith Barney to Retire Next Month

Posted: 12 Aug 2012 04:48 PM PDT

Morgan Stanley, which owns 51% of the brokerage firm Morgan Stanley Smith Barney, plans to formally drop the last part of the brokerage joint venture's name in about a month. The switch was previously disclosed, but the timing wasn't.

Barnes & Noble Cuts Nook Prices

Posted: 12 Aug 2012 04:07 PM PDT

Barnes & Noble dropped the prices of its three tablets, including slashing $50 from the price of its 16-gigabyte Nook Tablet to $199.


Cotton Rally Loses Steam

Posted: 12 Aug 2012 05:20 PM PDT

A potential glut of cotton has stalled a rally in futures prices. The U.S. Department of Agriculture raised its estimates for U.S. and global production of the fiber Friday, knocking cotton futures below 74 cents a pound.


Honda Boosts North America Production

Posted: 12 Aug 2012 07:43 PM PDT

Honda is ramping up its production capacity in North America in an effort to turn its operations there into a significant exporter of cars and sport-utility vehicles, a top company executive said.


Asia Firms Struggle to Deliver on Earnings

Posted: 12 Aug 2012 01:20 PM PDT

The majority of earnings being reported by Asian companies are trailing analysts' expectations, underscoring how badly the region's firms are being hit by the global economic slowdown.

Groupon Staff Feel the Heat

Posted: 12 Aug 2012 05:24 PM PDT

Groupon is facing strains on its sales force as the daily-deals website seeks to recover from financial missteps and a stock that is 63% below its IPO price.

Risks Rise for Corporate-Bond Holders

Posted: 12 Aug 2012 07:41 PM PDT

Investors are stampeding into high-quality corporate bonds, driving yields to record lows and spurring even firms that don't need the money right now to issue debt. Some say the risks for investors are rising.


Treasury Bears Hold Back

Posted: 12 Aug 2012 04:56 PM PDT

Bond investors are suspicious a recent selloff in U.S. Treasurys is another head-fake, as attempts to profit off weaker prices in the past year have quickly become losing trades.

For IPO Market, Sand, Then Vacation

Posted: 12 Aug 2012 03:31 PM PDT

The U.S. IPO market is delivering one last deal before it settles into its normal summer hiatus. Hi-Crush Partners, which produces sand, is seeking to raise up to $236 million.

MundoFox Network to Make Debut

Posted: 12 Aug 2012 04:03 PM PDT

News Corp. formally launches its Spanish-language U.S. broadcast network MundoFox on Monday. MundoFox is a joint venture with Colombia's RCN Television.

Troubles Abroad Keep Cash Flowing to U.S.

Posted: 12 Aug 2012 04:45 PM PDT

The U.S remains a magnet for money fleeing the world's trouble spots as markets continue to worry far more about global economic weakness than rising U.S. obligations.


'Bourne Legacy' Fights Way to the Top

Posted: 12 Aug 2012 04:08 PM PDT

'The Bourne Legacy' and 'The Campaign' overtook 'The Dark Knight Rises' at the box office this weekend, after a three-week run at the top by the comic-book adaptation.

Wal-Mart to Offer Look at Consumers

Posted: 12 Aug 2012 04:41 PM PDT

Wal-Mart is to report its second-quarter results Thursday. Investors won't just be looking for how the retailer is doing, but also for signs of further recovery by the U.S. consumer.

Currencies Caught in Waiting Game

Posted: 12 Aug 2012 07:36 AM PDT

The euro's decline has halted this month, but investors don't feel they have enough clarity about a solution to the euro zone's problems to bet on a sustained rebound.

Net Rises at Reliance Communications

Posted: 12 Aug 2012 08:40 AM PDT

Reliance Communications's profit rose 3.2%, despite higher debt-service costs.