"Wallstreet" Reader

"Wallstreet" Reader

JAL's $8 Billion Listing Approved

Posted: 02 Aug 2012 07:26 PM PDT

Japan Airlines will relist its shares on Sept. 19 in a public share offering that values the company at more than $8 billion, in what would be the world's second-biggest IPO this year after Facebook.


Asian Shares Sell off as ECB Disappoints

Posted: 02 Aug 2012 07:23 PM PDT

A global selloff in stocks extended to Asian stock markets Friday, as investors took flight from riskier assets after the European Central Bank failed to offer a lifeline for the beleaguered members of the euro zone.


Holding Fire---for Now---but Laying Plans

Posted: 02 Aug 2012 05:25 PM PDT

Expectations are high that Bernanke's Fed and Draghi's ECB will act soon to address economic worries. But both face immense tactical and political challenges.

Glitch Hit Swamps Knight Capital

Posted: 02 Aug 2012 07:46 PM PDT

Brokerage Knight Capital scrambled Thursday to shore itself up and reassure panicked customers after disclosing a stunning $440 million loss from a computer-trading glitch.


Miners Retrench as Metal Demand Sputters

Posted: 02 Aug 2012 05:49 PM PDT

Miners are retrenching, reconsidering plans to invest billions of dollars on new projects—and in some cases cutting output—as they adjust to flagging demand, lower prices and higher labor costs.


Some Beauty Brands Yet to Catch Eye of Bidders

Posted: 02 Aug 2012 04:40 PM PDT

Several beauty and skin-care businesses have sat on the auction block, including the Urban Decay, Tarte and Perricone MD brands, but so far there are few active bidders.


Corporate Debt Has Allure

Posted: 02 Aug 2012 05:04 PM PDT

In the search for the elusive combination of higher returns and safety, investors are piling into corporate debt. Companies with investment-grade credit ratings from various sectors and regions of the world are capitalizing on the rising appetite.

Citi Ramps Up Succession Planning

Posted: 02 Aug 2012 05:41 PM PDT

Citigroup CEO Vikram Pandit is taking steps to ensure that the company has a worthy successor upon his retirement, though he doesn't plan to leave for several years.

LinkedIn, Yelp Lift Social-Media Sector

Posted: 02 Aug 2012 03:37 PM PDT

LinkedIn posted robust quarterly results, with an 89% jump in revenue. Yelp shares soared 17%, a day after the San Francisco company also reported strong results.

J&J in Risperal Settlement

Posted: 02 Aug 2012 12:30 PM PDT

J&J said it reached an agreement in principle with the Justice Department and some states on settling investigations into marketing practices, including the illegal promotion of the antipsychotic Risperdal.

Cleveland Browns Sold for Over $1 Billion

Posted: 02 Aug 2012 12:54 PM PDT

Cleveland Browns owner Randy Lerner struck a deal on Thursday to complete the sale of his team to truck-stop businessman Jimmy Haslam III, pending league approval.

A Long Road Ahead for Japan Tech Giants

Posted: 02 Aug 2012 06:50 PM PDT

Japan's electronics giants aimed for a fresh start last year, shaking up their management following record losses, but announcements of dismal earnings from stalwarts Sony and Sharp showed the firms still have a long way to go.

China Heads for Italian Soccer Deal

Posted: 02 Aug 2012 07:16 PM PDT

Chinese investors will take an undisclosed stake in one of Italy's most famous soccer teams, Inter Milan, and a Chinese construction company intends to build a stadium for the team.


Navistar Sees Loss on Engine Switch

Posted: 02 Aug 2012 02:27 PM PDT

Heavy-duty truck maker Navistar will begin selling Cummins engines and exhaust components early next year, triggering a third quarter loss after it abandoned an effort to certify its own exhaust filtering technology.

Storm Fears Lift Orange-Juice Futures

Posted: 02 Aug 2012 01:19 PM PDT

A tropical depression developing in the Atlantic Ocean sent orange-juice futures soaring before they settled 1.5% higher.

Yelp Shares Jump 25% on Local-Ad Growth

Posted: 02 Aug 2012 10:06 AM PDT

Yelp shares jumped as much as 25% Thursday after the online ratings service reported that its base of local advertisers more than doubled and an increasing number of users took advantage of its mobile sites.


Appeals Court Reverses Convictions in 'Squawk Box' Trial

Posted: 02 Aug 2012 04:13 PM PDT

An appeals court threw out the criminal convictions of three former stockbrokers and three former members of a defunct day-trading firm who were found guilty three years ago of engaging in an alleged scheme involving the misuse of brokerage firm "squawk boxes."

Bristol Executive Faces Charges

Posted: 02 Aug 2012 07:11 PM PDT

A Bristol-Myers Squibb executive who allegedly read a blog post called "Ways to Avoid Insider Trading" on his work computer was arrested on charges of making more than $300,000 in illegal profits on secrets about the drug maker's acquisition targets.

Europe's Bank Rattles Investors

Posted: 02 Aug 2012 04:41 PM PDT

The ECB may soon step in to buy government bonds on the open market and consider other unconventional measures to lower high borrowing costs, President Mario Draghi said.


Hutchison Posts Strong Results

Posted: 02 Aug 2012 10:55 AM PDT

Hutchison Whampoa's underlying profit rose 13% as strength in the Hong Kong conglomerate's infrastructure and property divisions offset global economic woes.