"Wallstreet" Reader

"Wallstreet" Reader


Asian Markets Fall Slightly

Posted: 14 Aug 2012 07:43 PM PDT

Asian markets were slightly lower Wednesday, as some Japanese exporters were helped by a weaker yen. The Nikkei dipped less than 0.1%.


RIM's First Test: A Carrier Preview

Posted: 14 Aug 2012 06:55 PM PDT

RIM will begin delivering nearly complete versions of its new smartphones to carriers next week.

Agrium: We Won't Spin Off Key Line

Posted: 14 Aug 2012 06:57 PM PDT

Agrium said it won't hive off its retail-distribution business, the key demand of U.S. hedge fund Jana, who has built a large stake in the fertilizer producer.

Australia Court Rejects Tobacco Challenge

Posted: 14 Aug 2012 07:44 PM PDT

Australia's highest court rejected a challenge from big tobacco companies to tough new plain-packaging laws due to come into effect later this year.


Fund Managers Unload Banks

Posted: 14 Aug 2012 06:00 PM PDT

Some well-known hedge-fund managers reported significantly reduced stakes in big banks, including J.P. Morgan Chase and Goldman Sachs as well as food companies such as Kraft Foods in the second quarter.

Lethal Clashes Shut Platinum Mine

Posted: 14 Aug 2012 06:26 PM PDT

Lonmin, the world's third-largest platinum producer, suspended most production at its South African mine following clashes between unions that left 10 people dead.

Carlyle Leads Bidding for Getty Images

Posted: 14 Aug 2012 05:07 PM PDT

Carlyle Group has emerged as the lead bidder for stock-photo agency Getty Images, a deal that could be worth close to $3.5 billion.

Hard Cider Makes Comeback

Posted: 14 Aug 2012 04:52 PM PDT

Hard cider is making a comeback in the U.S., and Heineken plans to announce Wednesday it is taking over the U.S. distribution of the Strongbow brand.

Carlyle Executive Leaving Firm

Posted: 14 Aug 2012 06:54 PM PDT

The departure at Carlyle Group comes amid a disappointing showing for the firm's latest distressed-debt fund.

Kroll Starts to Rate Attention

Posted: 14 Aug 2012 06:10 PM PDT

When corporate-investigations mogul Jules Kroll unveiled plans in 2009 to launch a credit-ratings firm, he pledged to blaze his own trail in an industry rife with inherent conflicts of interest. Three years later, Kroll Bond Rating Agency has cracked the top three in rating commercial mortgage-backed securities.

BMW's 'Demo' Sales Lift Results

Posted: 14 Aug 2012 05:38 PM PDT

A special incentive for BMW dealers to acquire new vehicles in July as demonstration models raises questions about the accuracy of the company's reported U.S. sales last month.

Knight Upgrade Triggered Old Trading System, Big Losses

Posted: 14 Aug 2012 05:55 PM PDT

Knight Capital's accidental trades earlier this month were triggered by a flawed upgrade of trading software that caused an older trading system connected to the computer code to inadvertently go "live" on the market.

The Downside of a Housing Recovery

Posted: 14 Aug 2012 04:42 PM PDT

Housing might start to drag the consumer-price index higher in coming months as rising home prices and rents are reflected in the survey.


Standard Chartered Settles New York Case

Posted: 14 Aug 2012 04:32 PM PDT

Standard Chartered agreed to pay New York's top banking regulator $340 million, averting a public showdown and ending a weeklong, trans-Atlantic regulatory drama.


New York Times Taps BBC Executive

Posted: 14 Aug 2012 06:16 PM PDT

New York Times Co. said BBC Director-General Mark Thompson will become its new president and chief executive.

Samsung Accuses Apple of Infringement

Posted: 14 Aug 2012 06:29 PM PDT

Samsung defended against Apple's arguments that it had copied the iPhone, while accusing Apple of violating three Samsung patents as the high-stakes patent trial between the companies continues its second phase.

Investors Shift Money Out of China

Posted: 14 Aug 2012 07:58 PM PDT

Investors and companies are increasingly pulling money out of China and its currency in a vote of concern over its growth prospects, a development that could hinder Beijing's efforts to spark a turnaround.


Spanish Banks Borrow Record Amount From ECB

Posted: 14 Aug 2012 12:59 PM PDT

Spanish banks borrowed a record amount from the European Central Bank in July, as other sources of funding evaporated further in the weeks following the announcement of a €100 billion ($123 billion) bailout for the country's financial industry.

Europe's IPO Market Looks to U.S.

Posted: 14 Aug 2012 06:58 PM PDT

Market Focus: A number of European companies are still hoping to go public this year. Whether the beleaguered market can revive will largely depend on how the euro-zone crisis affects market sentiment.

Rising Retail Sales Ease Fears for Economy

Posted: 14 Aug 2012 06:10 PM PDT

Consumers started the third quarter with a bang, increasing spending at the fastest pace since February and easing fears about the economic impact of the still-tough job market.