"Wallstreet" Reader

"Wallstreet" Reader

Journals' Ranking System Roils Research

Posted: 24 Aug 2012 05:22 PM PDT

Growing pressure on scientific journals to increase their influence in the research world is pushing them to ever further lengths to play the system that ranks scholarly publications.

Money Funds Pose Test for New Watchdog

Posted: 24 Aug 2012 03:21 PM PDT

The SEC's failure to propose new rules for money funds has turned into the first major test for the uber-regulator created by Dodd-Frank.

Retroactive Tariffs Roil Firms

Posted: 24 Aug 2012 07:30 PM PDT

U.S. businesses that bought solar panels made in China this year are retroactively being hit with tax bills, as they find themselves caught in the middle of a trade fight between U.S. and Chinese manufacturers.

Foreign Regulators Seek Delay in U.S. Swaps Rules

Posted: 24 Aug 2012 07:48 PM PDT

The complaints add to a chorus of concerns, including from Japanese, French and Swiss regulators, that the U.S. is overstepping its jurisdiction.

Vodafone Bows to India's Text Curbs

Posted: 24 Aug 2012 06:52 PM PDT

Vodafone has complied with Indian government orders forcing the country's mobile operators to restrict text-messaging services, part of India's effort to curb mass panic that riled parts of the country in recent weeks.

Bidders Emerge for Cytec Unit

Posted: 24 Aug 2012 06:23 PM PDT

Several bidders have emerged for Cytec's coating-resin business, which the company put on the block in May and which could fetch about $1.3 billion.

GM Wants to Increase Credit Line

Posted: 24 Aug 2012 04:09 PM PDT

General Motors is in talks with banks to double a $5 billion line of credit as the auto maker looks to strengthen its balance sheet, shrink pension obligations and repurchase shares held by the U.S. Treasury.

Whitehaven Suitor Drops $5.5 Billion Takeover

Posted: 24 Aug 2012 05:01 AM PDT

In the latest blow to confidence in Australia's resources sector, Whitehaven Coal said mining magnate Nathan Tinkler had walked away from a proposed $5.5 billion takeover offer.

Woolworths Profit Slumps 15%

Posted: 24 Aug 2012 07:39 AM PDT

Woolworths reported a 15% drop in annual profit on costs linked to the exit from its Dick Smith electronics business, as the company also struggled to keep pace with its main rival Coles.

Bristol Drops Hepatitis Drug, Takes Charge

Posted: 24 Aug 2012 11:06 AM PDT

Bristol-Myers Squibb said it would take a $1.8 billion charge as a result of its decision to stop developing a hepatitis C drug after one patient died during clinical testing and eight others were hospitalized.

P&G CEO Takes Pay Cut

Posted: 24 Aug 2012 06:30 PM PDT

Procter & Gamble Chief Executive Robert McDonald received total compensation valued at $15.2 million in fiscal 2012, down 6.1% from a year ago, on a smaller bonus due to weak results.

Mine Strikes Spread Briefly

Posted: 24 Aug 2012 06:32 AM PDT

Industrial action that has severely disrupted South Africa's mining industry spread briefly to the world's largest platinum producer, after 100 employees at Anglo American Platinum's Thembelani mine refused to go underground.

Bernanke Letter Defends Fed Actions

Posted: 24 Aug 2012 02:18 PM PDT

Ben Bernanke, in a letter responding to questions posed by Rep. Darrell Issa, defended actions the Fed has taken to support the economy and said there is room for the Fed to do more.

Court Strikes Graphic Cigarette Labels

Posted: 24 Aug 2012 04:54 PM PDT

A federal appeals court in a split ruling struck down requirements for large graphic warning labels on cigarette packages, saying the government didn't provide evidence that the labels would bring down smoking rates.

Samsung Gains Leverage With Patent Decision

Posted: 24 Aug 2012 12:32 PM PDT

A South Korea court's mixed decision in a high-profile patent dispute between Apple and Samsung Electronics did little to change the stakes in their global brawl, but it armed Samsung with new power over competitors.

TARP Auction Tally: 4 Banks Sold, 1 Sale Canceled

Posted: 24 Aug 2012 11:30 AM PDT

The Treasury sold the remaining shares it held in four banks at a discount and was forced to cancel sale of a fifth when bids fell short, highlighting challenges for the government as it winds down federal rescue programs dating to the 2008 financial crisis.

Permira to Buy Sushi Chain for About $1 Billion

Posted: 24 Aug 2012 04:46 AM PDT

European private-equity firm Permira said it would buy Japanese sushi chain Akindo Sushiro for around $1 billion, making a bet that the popular restaurant brand can expand beyond Japan.

Morgan Stanley Funds in Big Facebook Bet

Posted: 24 Aug 2012 11:57 AM PDT

U.S. mutual funds run by Morgan Stanley, the lead underwriter in Facebook's initial public offering, have a high level of exposure to shares in the social network.

Businesses Rein In Big-Ticket Spending

Posted: 24 Aug 2012 03:49 PM PDT

A closely watched gauge of business investment dropped in July for the second month in a row, suggesting companies are growing more cautious about the economy.

Lilly Alzheimer's Drug Disappoints

Posted: 24 Aug 2012 07:01 PM PDT

A closely watched Alzheimer's drug from Eli Lilly failed to work in two late-stage clinical trials in patients with mild to moderate levels of the disease, though the company said it saw positive signs in some analyses.