"Wallstreet" Reader

"Wallstreet" Reader

Lenovo First-Quarter Profit Rises 30%, Beats Expectations

Posted: 15 Aug 2012 07:48 PM PDT

Chinese computer maker Lenovo said first-quarter net profit rose 30% from a year earlier because of strong growth in personal-computer shipments.


Treasurys Drop as Odds of Fed Action Go Lower

Posted: 15 Aug 2012 05:33 PM PDT

Investors' waning confidence that the Fed will start another fresh round of bond-buying next month is damping market appetite for U.S. Treasurys.


Weaker Yen Lifts Tokyo

Posted: 15 Aug 2012 07:34 PM PDT

Asian markets were mostly higher early Thursday, as a weaker yen gave a boost to the Japanese market, and earnings remained the focus in Australia, which was up 0.6%.

New York Times' New CEO Has Tough Skin, Tough Job

Posted: 15 Aug 2012 06:27 PM PDT

Mark Thompson, known for having a tough skin, steered the BBC through painful cutbacks and a digital transformation. Now, as CEO of the New York Times, he will have similar challenges, but fewer resources and more-limited power.

Knight Put Fate in Familiar Hands

Posted: 15 Aug 2012 06:58 PM PDT

As Knight Capital faced its darkest hours earlier this month, J.P. Morgan found itself in a familiar position: helping decide the fate of a Wall Street firm in crisis.

Neiman Prepares for IPO

Posted: 15 Aug 2012 07:49 PM PDT

Warburg Pincus and TPG, the private-equity owners of Neiman Marcus, are looking for an investment exit after holding on to the retailer for seven years.


Farmland Prices Surge in Plains States

Posted: 15 Aug 2012 05:03 PM PDT

Farmland values in the U.S. Plains remain well above year-ago levels, but the recent boom is easing as the drought eats into farm income, the Federal Reserve Bank of Kansas City said.

Equipment Makers' Bets on China Sour

Posted: 15 Aug 2012 05:05 PM PDT

Construction equipment makers that pinned much of their hopes for sales growth on a Chinese rebound this year have been left high and dry.

Dish to Roll Out Satellite Broadband

Posted: 15 Aug 2012 04:08 PM PDT

Dish Network plans to roll out a proprietary, satellite-based broadband service across the U.S. by the end of the year in a move to help it compete more directly with cable and telecom operators.

Judge Denies AMR Request to Cancel Pilots' Contract

Posted: 15 Aug 2012 07:58 PM PDT

A U.S. bankruptcy judge said the parent of American Airlines can't scrap its existing pilots' contract and impose more draconian terms, marking a victory for the pilots who rejected a contract offer.


Hyundai Strikers Demand End to the Graveyard Shift

Posted: 15 Aug 2012 05:08 PM PDT

South Korean auto maker Hyundai Motor faces a determined union boss pressing for an end to night shift production, a move that threatens to curb the auto maker's global advance.

Asbestos in Chinese Cars

Posted: 15 Aug 2012 07:07 PM PDT

An Australian importer recalled 23,000 Great Wall and Chery cars over asbestos—setting back a Chinese auto industry eager to sell cars in developed markets.

FBI Official Joins Private Sector

Posted: 15 Aug 2012 03:14 PM PDT

Janice Fedarcyk, who has overseen some of the nation's highest-profile law-enforcement actions in recent years, is stepping down.

Jana Disappointed With Agrium Talks

Posted: 15 Aug 2012 02:10 PM PDT

Jana Partners expressed disappointment in talks it held with Agrium following the hedge fund's disclosure earlier this week that it had built a big stake in the Canadian fertilizer producer.

Zynga Puts Real Money Into Gambling Lobby

Posted: 15 Aug 2012 05:52 PM PDT

Zynga has begun investing in state and federal lobbying efforts around gambling with real money, even as the social gaming firm predicts the U.S. won't be an initial market for the potentially lucrative new line of business.

Applied Materials Hits 'Air Pocket'

Posted: 15 Aug 2012 05:57 PM PDT

Applied Materials said soft spending on chip production gear will lead to a further drop in revenue.

Brazil Unveils Plan to Boost Private Investment

Posted: 15 Aug 2012 04:55 PM PDT

Brazil announced plans to invest $65.5 billion over the next 30 years to beef up its road and rail systems as part of a bid to spur its economy.

Cisco Profit Rises 56%; Dividend Boosted

Posted: 15 Aug 2012 07:18 PM PDT

Cisco posted a jump in quarterly profit and said it would pay a bigger dividend, continuing the networking-equipment giant's transformation from a fast-growing upstart to a more mature company.

MF Trustee to Join Existing Suits Against Executives

Posted: 15 Aug 2012 04:39 PM PDT

The bankruptcy trustee for the brokerage arm of failed securities firm MF Global agreed to join existing lawsuits against the firm's former executives.

Saudis Back Syria Rebels, Mindful of Past

Posted: 15 Aug 2012 12:40 PM PDT

Saudi Arabia is taking a lead in raising funds to help Syria's opposition overthrow President Bashar al-Assad, but it is acting cautiously in directing that money to avoid inadvertently empowering groups who could later be its enemy.