"Wallstreet" Reader

"Wallstreet" Reader

Bristol Ends Drug's Development After a Death

Posted: 23 Aug 2012 06:39 PM PDT

Bristol-Myers Squibb said it stopped development of a closely watched drug that aimed to treat hepatitis C, a deadly liver disease, after one patient died in testing and eight others were hospitalized.

Straw That Broke SEC Vote

Posted: 23 Aug 2012 05:45 PM PDT

The regulator who scuttled new rules for money-market-mutual funds decided to vote against the proposal after he learned that SEC Chairman Mary Schapiro released copies of a report that the industry views as unfair and misleading.

Liquor Ads Win Airtime

Posted: 23 Aug 2012 06:35 PM PDT

Broadcasters are easing decades-old voluntary bans that limited their national alcohol advertising to beer and wine. The move lets them tap a new stream of revenue as advertisers continue to shift their ad budgets to cable TV, the Internet and online videos.

Euro Parts Ways With Risky Crowd

Posted: 23 Aug 2012 05:00 PM PDT

The euro, after spending much of the past few years trading in lock step with stocks and other risky assets, has been decidedly out of sync lately.

Start-Ups as Tech Vendors of Choice

Posted: 23 Aug 2012 07:22 PM PDT

Businesses are getting more comfortable buying technology from start-ups and other small outfits, a shift that could usher in a period of slower growth for tech giants such as Hewlett-Packard and Oracle.

Apple v. Samsung: The Jury's Hardship

Posted: 23 Aug 2012 07:57 PM PDT

The jury in the complex patent trial between Apple and Samsung is weighing a mountain of evidence, and must fill out a 18-page questionnaire containing more than 300 check-boxes and fields in order to come to a verdict.


Kodak to Sell Business That Made It a Blue Chip

Posted: 23 Aug 2012 05:00 PM PDT

Kodak is exploring the sale of its personalized-imaging and document-imaging businesses as an auction of the company's digital patents slogs on.

Pentagon Moves Ahead With Humvee Replacement

Posted: 23 Aug 2012 06:33 PM PDT

The competition for $4 billion contract to start replacing the U.S. military's Humvee trucks entered a new stage as the Pentagon awarded three development contracts.

U.S. Judge Gives Poker a Break

Posted: 23 Aug 2012 04:51 PM PDT

A federal judge concluded this week that skill plays a bigger role than luck in determining who wins a poker game, a ruling that might strengthen the hand of companies trying to get online poker legalized in the U.S.


Boeing 787 Profit Plan Strained by Order Cut

Posted: 23 Aug 2012 07:28 PM PDT

Qantas Airways' cancellation of orders for 35 Boeing 787 Dreamliners further clouds the aerospace giant's efforts to make its flagship jet program profitable.


Small Banks Dive Back Into Credit-Card Pool

Posted: 23 Aug 2012 04:42 PM PDT

Regional and community lenders are making a big push into credit-card lending, as they try to eke out growth in a world of low interest rates.

News Corp. Digital Chief to Resign

Posted: 23 Aug 2012 04:10 PM PDT

News Corp. Chief Digital Officer Jon Miller will step down from his position as the company prepares to split its media and entertainment business from its publishing assets.

Data Dim Global View

Posted: 23 Aug 2012 02:11 PM PDT

Grim data on the economies of China and Europe gave a warning signal for global growth, and suggested governments and central banks around the world may be forced to pump in more stimulus to kick-start activity.

Ackman Presses for GGP to Weigh Sale

Posted: 23 Aug 2012 04:25 PM PDT

Pershing Square Capital Management, the hedge-fund firm run by activist investor William Ackman, sent a letter to General Growth Properties urging the mall operator to take steps toward selling itself.

Sales of New Homes Climb Sharply

Posted: 23 Aug 2012 05:25 PM PDT

Sales of newly built homes rose briskly in July and inventories declined to the lowest level on record, a sign that builders may need to ramp up construction.

Preferred Holders In Spanish Banks May Share the Pain

Posted: 23 Aug 2012 04:23 PM PDT

Spain may impose losses on preferred shareholders and junior bondholders at banks that receive government aid, a disputed move that would affect tens of thousands of small savers, under legislation being prepared by the government.

Big Lots Says Profit Fell 38%

Posted: 23 Aug 2012 05:16 PM PDT

Big Lots posted a 38% drop in fiscal second-quarter earnings amid pressure from online and other low-price retailers.

FTC Targets 'Ab Circle' Ads

Posted: 23 Aug 2012 06:19 PM PDT

The FTC said the marketers of exercise device Ab Circle Pro have agreed to pay as much as $25 million in customer refunds to settle allegations of deceptive advertising.

Cruze Production to Stay in Ohio

Posted: 23 Aug 2012 11:49 AM PDT

General Motors confirmed it will continue to build its Chevrolet Cruze compact car at factories in Ohio after production of the existing model ends production in 2014.

China Eyes Ways to Broaden Yuan's Use

Posted: 23 Aug 2012 02:18 PM PDT

China aims to turn a trickle of cross-border trade that is settled in yuan into a stream, with Latin America and the Middle East as the next possible focal points, Hong Kong's U.S. envoy said.