"Wallstreet" Reader

"Wallstreet" Reader

CBS Drops Lawsuit Against ABC's 'Glass House'

Posted: 17 Aug 2012 07:10 PM PDT

CBS dropped a lawsuit that alleged Walt Disney's ABC Network violated copyright law in its new reality show, "The Glass House."

Thirst for Yield Drives Munis

Posted: 17 Aug 2012 06:29 PM PDT

Surging demand for their debt from yield-hungry buyers has been a boon for municipalities, even those with spotty histories, which have been able to borrow easily and cheaply.

Facebook Waits for Index 'Like'

Posted: 17 Aug 2012 06:38 PM PDT

Investors hoping that index funds will give Facebook's battered shares a lift could be in for a long wait.

Qatar Petroleum-Exxon Venture Requests Permit to Export US Natural Gas

Posted: 17 Aug 2012 04:23 PM PDT

Golden Pass Products, a joint venture between Exxon Mobil and Qatar Petroleum, is asking federal authorities for permission to export large quantities of liquefied natural gas made in the U.S. from an existing terminal in Louisiana.

Hedge-Fund Manager's Insider Trial Comes to Close

Posted: 17 Aug 2012 01:20 PM PDT

Prosecutors told jurors Friday that a Northern California hedge-fund manager used secret corporate information leaked by insiders to gain an "illegal advantage" over the investing public, but his defense lawyer said he traded only after extensive, legitimate research.

Inside Pitch at Baseball Star

Posted: 17 Aug 2012 04:57 PM PDT

The SEC unveiled a second round of charges in an insider-trading case involving former professional baseball players, including Hall of Famer Eddie Murray.

Liberty Closes Grip on Sirius

Posted: 17 Aug 2012 06:19 PM PDT

Liberty Media is seeking FCC approval to take outright control of Sirius XM Radio, noting plans to raise its stake in the satellite-radio operator above 50%.

Life Partners Dodges Seizure

Posted: 17 Aug 2012 01:31 PM PDT

The Texas life-insurance investment firm avoids receivership, but the court says regulators are "likely to prevail" in the end.

Morgan Stanley Distributes Facebook IPO Profits

Posted: 17 Aug 2012 01:58 PM PDT

Profits made by banks underwriting Facebook's initial public offering as the stock fell were distributed this past week from a pool of about $100 million.

Apple Winds Up Patent Case

Posted: 17 Aug 2012 06:09 PM PDT

Apple's patent case against Samsung Electronics moved closer to its final stages Friday, as the iPhone maker presented its final witnesses to argue that it had not infringed the Korean company's technology.

SEC Delays Rules on Hedge-Fund Soliciting

Posted: 17 Aug 2012 02:21 PM PDT

U.S. regulators are delaying rules that would allow hedge funds and other firms to solicit investors more broadly, a win for advocates who said hasty changes to solicitation rules could increase fraud.

AMR Continues Effort to Scrap Pilots' Contract

Posted: 17 Aug 2012 06:14 PM PDT

American Airlines parent AMR asked a U.S. bankruptcy court for permission to void its existing pilots' contract, two days after its initial request was turned down.

AMR Makes New Contract Push, Backed by Creditors

Posted: 16 Aug 2012 09:19 PM PDT

The parent of American Airlines said it had sent revised contract terms to its pilots' union, while flight attendants said they expected the carrier to be allowed to impose tougher terms on key employee groups.

Asia Exposure Lifts ANZ Profit

Posted: 17 Aug 2012 07:30 AM PDT

Australia & New Zealand Banking Group posted a 10% increase in profit in the first nine months of its fiscal year, to $4.6 billion.

Lehman Boosts Bankruptcy-Recovery Estimate

Posted: 17 Aug 2012 01:14 PM PDT

Lehman Brothers expects to bring in $67.5 billion from the liquidation of its assets, an increase of $6.4 billion from an earlier estimate.

Soho China Transformation Raises Worries

Posted: 17 Aug 2012 04:47 AM PDT

Concerns over near-term earnings at Soho China following a radical shift in strategy send its shares down as much as 8.6% in Hong Kong

Caterpillar Union Bows to Demands

Posted: 17 Aug 2012 05:23 PM PDT

Workers at a Caterpillar factory in Joliet, Ill., voted in favor of a new contract that marks a win for the company and ends a strike lasting more than three months.

Moody's, Seeing Default Risk, to Review Ratings on Calif. Cities

Posted: 17 Aug 2012 11:23 AM PDT

Moody's plans to review its debt ratings of California cities over the next few weeks and said it believes the risk of default on municipal bonds in the state is rising.

Qatar Holding Buys BAA Stake

Posted: 17 Aug 2012 11:24 AM PDT

Qatar Holding has agreed to buy a 20% stake in U.K. airport operator BAA from Spain's Ferrovial and others for about $1.4 billion.

Peregrine's Chief Pleads Not Guilty

Posted: 17 Aug 2012 06:03 PM PDT

Russell Wasendorf Sr., the chief executive of Peregrine Financial, has pleaded not guilty to all 31 charges he faced of misleading federal market authorities as part of a long-running alleged fraud.