"Wallstreet" Reader

"Wallstreet" Reader

Australia Higher on Fed; Japan Drops on Strong Yen

Posted: 22 Aug 2012 07:33 PM PDT

Asian markets were mixed early on Thursday, as hopes for stimulus out of the U.S. lifted stocks in the region, but a stronger yen weighed on the Japanese market.

SEC's Schapiro Cancels Vote on Money-Fund Curbs

Posted: 22 Aug 2012 07:40 PM PDT

A key member of the SEC said he doesn't support new regulations for the $2.6 trillion money-market mutual fund industry, prompting SEC Chairman Schapiro to cancel a long-anticipated vote on the measure.


Fed Moving Closer to Action

Posted: 22 Aug 2012 07:37 PM PDT

The Fed sent its strongest signal yet that it is preparing to take new steps to bolster the economic recovery, saying measures would be needed fairly soon unless growth picks up substantially.


Qantas Cancels Boeing Aircraft Worth $8.5 Billion

Posted: 22 Aug 2012 07:55 PM PDT

Qantas Airways, reporting its first annual loss in nearly two decades, canceled orders for 35 of Boeing's more fuel-efficient 787-9 aircraft in a bid to save billions.

Buyouts Boom, But Not Like '07

Posted: 22 Aug 2012 05:10 PM PDT

Private-equity buyouts are back but with a twist—they are smaller and less flashy than in past booms.

H-P, Dell Struggle as Buyers Shun PCs

Posted: 22 Aug 2012 06:58 PM PDT

Hewlett-Packard swung to a fiscal third-quarter loss as a hefty impairment charge and restructuring expenses weighed on the technology giant's results.

Big Blow for Money-Fund Overhaul

Posted: 22 Aug 2012 04:53 PM PDT

A key member of the SEC said he won't support tightened rules for the $2.6-trillion money-market mutual fund industry.

Some Gold Bulls See Bright Future

Posted: 22 Aug 2012 04:44 PM PDT

Gold has been lackluster this year, but some high-profile fans say the future is brightening.

Salesforce's Growth Masks a Profit Void

Posted: 22 Aug 2012 06:12 PM PDT

Growth shouldn't be worth much if there isn't profit to back it up. Try telling that to shareholders of Salesforce.com.

American Airlines Pilots' Union Prepares for Strike Vote

Posted: 22 Aug 2012 02:48 PM PDT

The union representing pilots at American Airlines is preparing for a strike vote "upon the first action of AMR to impose" contract terms on the group.

Citi, in SEC Letter, Blasts Nasdaq

Posted: 22 Aug 2012 03:59 PM PDT

Citigroup called on regulators to reject Nasdaq's plan to make up some losses for firms caught up in the exchange operator's fumbling of the Facebook stock-market debut in May.

Wal-Mart, Target Avoid Mining Rule

Posted: 22 Aug 2012 06:51 PM PDT

Large retailers like Target and Wal-Mart Stores may largely escape a new rule requiring U.S.-listed companies to disclose whether their goods contain certain minerals blamed for fueling violence in central Africa.

India's Borrowing Rules Eased to Spur Investment

Posted: 22 Aug 2012 03:17 PM PDT

The Indian federal government Wednesday eased rules governing overseas borrowing, hoping to ease borrowing by local companies and spur capital inflows.

India Studying Anti-Money-Laundering Systems at HSBC, StanChart

Posted: 22 Aug 2012 10:11 AM PDT

The Reserve Bank of India is examining the anti-money-laundering systems of the local operations of HSBC and Standard Chartered, the government said.

South Africa Mine Protests Spread

Posted: 22 Aug 2012 05:01 PM PDT

Workers clamored for higher wages Wednesday at two more platinum companies in South Africa's mining heartland, less than a week after police shot and killed 34 people at a protest at Lonmin PLC's Marikana mine.

Best Buy to Pay Richly for CEO

Posted: 22 Aug 2012 05:28 PM PDT

Best Buy awarded new Chief Executive Hubert Joly a compensation package worth up to $32 million over three years to lure him to the slumping electronics chain.

Platinum Prices Climb Amid Unrest

Posted: 22 Aug 2012 01:17 PM PDT

Platinum prices rose to their highest level in four months on spreading labor unrest in South Africa.

Shortages Plague Vedanta Plant

Posted: 22 Aug 2012 10:11 AM PDT

U.K.-based Vedanta Resources said it may suspend operations at a massive metal factory in India because it can't get hold of raw materials, highlighting the challenges facing foreign investors that want to set up large-scale manufacturing in the country.

Website of People's Daily Doubles Profit

Posted: 22 Aug 2012 04:28 PM PDT

People.cn Co., the website of the Chinese Communist Party's flagship newspaper, the People's Daily, more than doubled its first-half profit, as the news portal took advantage of strong government support.

'Fiscal Cliff' Has Many Perils

Posted: 22 Aug 2012 04:20 PM PDT

The U.S. economy would likely slide into a significant recession next year if Congress doesn't avert tax increases and spending cuts set to begin in January, the Congressional Budget Office said.