"Wallstreet" Reader

"Wallstreet" Reader


Asian Markets Mixed

Posted: 27 Aug 2012 06:57 PM PDT

Asian shares were mixed as markets waited for clearer signals from the Federal Reserve at Friday's annual Jackson Hole, Wyo., symposium over whether it will provide more stimulus. The Nikkei was down 0.1%.

Boeing Expands Dreamliner Assembly

Posted: 27 Aug 2012 06:36 PM PDT

Boeing has activated a third assembly line for its 787 Dreamliner at its factory in Everett, Wash., a step toward advancing the jet's production rate to 10 each month by the end of 2013.

Japan Cuts Economic View

Posted: 27 Aug 2012 05:25 PM PDT

The Japanese government cut its view of the economy in August for the first time in 10 months as slowing exports weighed on production and consumer spending failed to expand.

Gasoline Rises as Refineries Close

Posted: 27 Aug 2012 05:06 PM PDT

U.S. gasoline futures rose while crude-oil prices fell, as refineries along the Gulf Coast began to shut down ahead of Tropical Storm Isaac—and fuel traders braced for the possibility of gasoline shortages.

Paulson to Talk With BofA Investors

Posted: 27 Aug 2012 02:54 PM PDT

Advisers and clients get chance to question the struggling hedge-fund manager.

Chevron Cash Fuels Deal Talk

Posted: 27 Aug 2012 04:28 PM PDT

Chevron is hoarding the money it makes from oil and gas operations, prompting investors to wonder if the energy giant is bracing for a spike in costs or will use its $21 billion cash pile to buy a smaller rival.

GM Curbs Volt Production

Posted: 27 Aug 2012 05:19 PM PDT

General Motors plans to suspend production of its battery-powered Chevrolet Volt for 26 days beginning in September as part of a move to pare excess inventory of the about $40,000 vehicle.

Lock Seatbelt, Play On

Posted: 27 Aug 2012 04:33 PM PDT

The FAA unveiled plans to form a government-industry group to explore expanding in-flight use of electronic devices with the cellular connection switched off.


Apple Seeks Ban on Eight Samsung Devices

Posted: 27 Aug 2012 05:20 PM PDT

Apple formally requested injunctions that could ban the sale of eight Samsung devices, including versions of its Galaxy and Droid smartphones.

FDA Approves New Gilead HIV Pill

Posted: 27 Aug 2012 07:33 PM PDT

The FDA approved a new Gilead Sciences HIV medicine that combines four ingredients into one pill. The product, previously called Quad, will be sold under the brand name Stribild.

Boost in China's Cotton Output Has Ripple Effect

Posted: 27 Aug 2012 02:43 PM PDT

Cotton output in China's top producing region is expected to be 4% higher, putting downward pressure on global prices, further straining the country's cotton marketing regime and squeezing its textile exporters.

Asian Phone Makers Face Setback

Posted: 27 Aug 2012 01:32 PM PDT

Asian handset manufacturers might need to rethink their heavy dependence on Google's Android software, as the patent litigation between Apple and smartphone makers using Android intensifies.

Solyndra Losses Could Profit Private-Equity Firms

Posted: 27 Aug 2012 12:01 PM PDT

The Department of Energy and the IRS are demanding information on potential tax breaks that could allegedly be worth "hundreds of millions of dollars" to the private-equity firms behind failed solar-power-equipment maker Solyndra.

Chinese Shipping Firm Faces Sea of Red

Posted: 27 Aug 2012 04:08 PM PDT

China Cosco is under pressure to shore up its finances as the shipping company prepares to report a first-half loss.

Yuan Risks a New First: A Down Year

Posted: 27 Aug 2012 11:54 AM PDT

Investors, long enamored with the yuan, have increasingly soured on the Chinese currency and are boosting their bets that it will decline against the dollar in the coming months.

Spyker Plans New Luxury Car

Posted: 27 Aug 2012 03:51 PM PDT

The former owner of defunct Swedish auto maker Saab Automobile plans to create a new luxury car based on fragments of Saab technology owned by a Chinese investor who will also finance the new venture.

Schulze Cleared for Best Buy Bid

Posted: 27 Aug 2012 04:29 PM PDT

Best Buy reached an agreement with founder Richard Schulze to allow him access to financial information so he can pursue his buyout of the struggling consumer-electronics chain.

Navistar Nabs Ex-Textron CEO

Posted: 27 Aug 2012 03:10 PM PDT

Navistar named former Textron executive Lewis Campbell as its chairman and interim chief executive, following the resignation of Daniel Ustian as the heavy-duty truck maker's CEO.

AOL Announces Special Dividend

Posted: 27 Aug 2012 09:19 AM PDT

AOL will return $1.1 billion to shareholders through a special dividend and said it will repurchase $600 million of stock.

Lawsuits Mount in Rate Scandal

Posted: 27 Aug 2012 08:18 AM PDT

Banks being probed for interest-rate manipulation face potentially tens of billions of dollars in claims from lawsuits from a variety of parties.