"Wallstreet" Reader

"Wallstreet" Reader


Split in Private-Equity Funding

Posted: 21 Aug 2012 06:01 PM PDT

The private-equity industry is dividing between haves and have-nots as investors grow pickier and more closely scrutinize recent performance.

Asian Markets Fall

Posted: 21 Aug 2012 07:44 PM PDT

Asian markets fell on Wednesday, taking their cue from a decline on Wall Street, while Australia waited for mining giant BHP Billiton to release earnings later in the day. The S&P ASX 200 was 0.2% lower .

'Short Sales' to Get a Boost

Posted: 21 Aug 2012 06:30 PM PDT

U.S. homeowners with collapsed property values could have an easier time selling their homes for less than the outstanding mortgage amount under changes rolled out by a federal housing regulator.

Ties to Regions Financial Probed

Posted: 21 Aug 2012 06:01 PM PDT

A federal grand jury is examining ties between Regions Financial and an executive-recruiting company that entertained the bank's executives on golf trips and borrowed from the Alabama lender.

Dell Outlook Gloomy as PCs Slump

Posted: 21 Aug 2012 06:42 PM PDT

Dell reported sagging second-quarter profits and warned of more tough times ahead as the company continues to transition away from its original business selling personal computers.

Nomura Retrenches, Mends Fences

Posted: 21 Aug 2012 07:33 PM PDT

The new leaders of Japan's biggest brokerage are reassessing a costly push into investment banking that also damaged its standing with domestic regulators.

Drought Gets Its Close-Up

Posted: 21 Aug 2012 05:33 PM PDT

On an annual tour of America's farm fields, many analysts and investors said they were taken aback by the poor state of the crops.

Nike Urged to Drop LeBron X Shoes

Posted: 21 Aug 2012 05:35 PM PDT

The National Urban League's president urged Nike to abandon plans to release its new LeBron X sneakers, saying he received "incessant phone calls and emails" from consumers who balked at the athletic-gear maker's rising sneaker prices.

Kraft Foods to Sell Part of Back to Nature Line

Posted: 21 Aug 2012 07:36 PM PDT

Kraft agreed to sell a majority stake in its Back to Nature line of natural-food products to Brynwood, a private-equity firm that focuses on acquiring smaller, overlooked brands from big corporations.

Apple, Samsung Close Trial

Posted: 21 Aug 2012 05:18 PM PDT

A lawyer for Apple said Samsung Electronics ripped off in three months what the Silicon Valley company spent years developing—the unique features of the iPhone—as the warring device makers took parting shots in their court battle.


Texas Snags Its Lowest Rate on One-Year Muni

Posted: 21 Aug 2012 02:27 PM PDT

Texas got its lowest rate ever on a sale of $9.8 billion in short-term notes, which carried an average interest rate of 0.225%.

China's Banks Risk Credit Crunch

Posted: 21 Aug 2012 03:22 PM PDT

When China's big-four banks report first-half earnings, investors are likely to gauge their health not by their profits but by their souring loans.

Spanish Yields Ease on Hopes of ECB Action

Posted: 21 Aug 2012 01:37 PM PDT

Hopes that the ECB will support Spanish and Italian government bond markets helped Spain sell its biggest slice of debt since March, with a lower price tag than a similar auction last month.

Arrest Inflames Debt Fears in Vietnam

Posted: 21 Aug 2012 06:34 PM PDT

Police in Vietnam arrested a well-known tycoon, triggering a stock selloff and reviving fears that bad debts threaten banks.

MetroPCS to Offer 4G Promotional Plan

Posted: 21 Aug 2012 02:15 PM PDT

MetroPCS will launch a new wireless plan this week to provide unlimited data on its next-generation network, as the carrier aims to keep up with larger players in the competitive smartphone environment.

Misstep Costs Financial Adviser Group a Key Voice

Posted: 21 Aug 2012 01:35 PM PDT

The resignation of Ron A. Rhoades from the National Association of Personal Financial Advisors comes as the group faces regulatory upheaval.

Audit: Conditions Improve at Foxconn

Posted: 21 Aug 2012 01:15 PM PDT

Top Apple supplier Foxconn has fixed some of the most pressing workers' rights violations at three of its Chinese factories, according to a progress report by an auditor.

BofA Exits Credit Protection

Posted: 21 Aug 2012 06:20 PM PDT

Bank of America said it has stopped selling to credit-card customers products that suspend borrowers' minimum monthly payments in the event of a job loss or other hardship as regulatory scrutiny of these offerings grows.

Best Buy Weakens; Hurts Turnaround

Posted: 21 Aug 2012 04:58 PM PDT

Best Buy may be running out of time to turn around its troubled electronics business after posting a 91% plunge in profit and suspending its annual earnings forecast amid new uncertainty.

St. Jude Heart Devices Linked to One Death

Posted: 21 Aug 2012 04:31 PM PDT

Design changes to a St. Jude heart device, including an added layer of insulation, failed to stem insulation problems that led to the recall of an earlier model, according to a study.