"Wallstreet" Reader

"Wallstreet" Reader


Verizon Deal Nears Regulatory Approval

Posted: 13 Aug 2012 06:26 PM PDT

Federal regulators are preparing to clear Verizon Wireless's $3.9 billion deal to acquire airwaves from several cable companies including Comcast, according to people close to the negotiations, after the companies reached broad agreement to settle antitrust concerns.

HSBC Hires Former Chief of U.S. Sanctions Watchdog

Posted: 13 Aug 2012 07:53 PM PDT

HSBC is hiring a former U.S. government official who policed U.S. sanctions against narcotics traffickers and terrorists, following allegations that HSBC moved funds for drug cartels and other suspicious groups.

A Green Light for Car Loans

Posted: 13 Aug 2012 07:20 PM PDT

Banks and other lenders are making auto financing easier, with the value of car loans outstanding hitting the highest level since 2009.

Awaiting Data, Asian Shares Rise

Posted: 13 Aug 2012 07:44 PM PDT

Asian markets were higher on Tuesday as investors positioned themselves ahead of a raft of economic data coming out from Europe and the U.S. South Korea's Kospi was up 1.1%.

Playing the Goodwill Games

Posted: 13 Aug 2012 07:59 PM PDT

A Wall Street Journal analysis reveals companies that are carrying more goodwill on their balance sheets than the companies' own market value—a potential clue to future write-offs.


Apple Rests Its Case Against Samsung

Posted: 13 Aug 2012 05:53 PM PDT

Apple rested its case against Samsung following testimony focusing on talks between the companies and calculations for how much Samsung should pay if found to infringe Apple patents.

Peregrine CEO Is Indicted

Posted: 13 Aug 2012 08:00 PM PDT

Peregrine Financial Group's CEO was indicted on 31 charges of lying to government regulators regarding the failed brokerage's operations.


Hedge Fund Jana Partners Sets Sights on Canadian Prey

Posted: 13 Aug 2012 06:21 PM PDT

Jana Partners, an activist investor which has shaken up large players from Marathon Petroleum to McGraw-Hill, has found its next target: Agrium, a $15 billion Canadian fertilizer company.

Groupon Hits Growth Wall

Posted: 13 Aug 2012 06:59 PM PDT

Groupon's once-torrid daily deals business slowed in its latest quarter, fueling investor concerns about the onetime Web commerce star and sending shares to a new low.

Hedge-Fund Manager Testifies in His Insider Case

Posted: 13 Aug 2012 03:33 PM PDT

Hedge-fund manager Doug Whitman made the rare move to testify in his own defense on Monday, denying that he traded on confidential information about technology company Polycom allegedly provided to him by a government informant.

Kodak Delays Patent Results

Posted: 13 Aug 2012 04:52 PM PDT

Eastman Kodak delayed disclosing the outcome of its patent auction, a few minutes before a deadline to select winning bidders.

Facebook Shares Unlocking

Posted: 13 Aug 2012 07:30 PM PDT

An avalanche of privately held Facebook shares could begin hitting the market this week—potentially putting further pressure on the company's stock—as rules expire that have kept some early investors from cashing out.

Trans-Atlantic Tensions Increase

Posted: 13 Aug 2012 07:58 PM PDT

Banking regulators in the U.S. and U.K., who typically enjoy a special relationship, are sniping over allegations against U.K. bank Standard Chartered.


Tata Steel Stumbles

Posted: 13 Aug 2012 12:32 PM PDT

Tata Steel's fiscal-first-quarter profit fell 89% as steel plants in Europe continued to be battered by a drop in demand for the alloy.

Ahead of Groupon Earnings, Investors Bet on a Big Move

Posted: 13 Aug 2012 12:35 PM PDT

As Groupon heads into its third earnings report as a public company, some option traders are betting the result will pack a wallop—knocking shares around by at least 28%.


With Frommer's, Google Taps Gurus

Posted: 13 Aug 2012 07:11 PM PDT

Google agreed to buy the Frommer's travel brand, extending a bet on becoming a trusted guide for travel and local-business information.

E.ON Plans Cost Cuts, Plant Closures

Posted: 13 Aug 2012 10:12 AM PDT

German utility E.ON said it plans to respond to persistently muted European energy demand by slashing costs and considering more power-plant closures.

Sears Moves Ahead With Spinoff

Posted: 13 Aug 2012 08:26 AM PDT

Sears is moving ahead with the spinoff of its remaining Hometown and certain hardware stores through a rights offering that will also include its outlets.

GM Bids for Financing Business

Posted: 13 Aug 2012 05:36 PM PDT

General Motors is among numerous bidders for the international operations of Ally Financial, its former auto-loan arm. A successful purchase would more than double the consolidated assets of the auto maker's current lending arm, GM Financial.

Verint to Acquire Comverse

Posted: 13 Aug 2012 04:53 PM PDT

Verint Systems plans to acquire its holding company, Comverse Technology, for at least $780.7 million in stock after Comverse spins off its telecommunications-billing software unit.