"Wallstreet" Reader

"Wallstreet" Reader


Liberty Media Raises Sirius Stake

Posted: 28 Aug 2012 06:37 PM PDT

John Malone's Liberty Media increased its stake in Sirius XM to 48.8% from 48.1%. The disclosure comes about a week after Liberty said it had asked the FCC for approval to take outright control of Sirius.

Japan's Daikin to Buy U.S. Rival Goodman Global

Posted: 28 Aug 2012 06:48 PM PDT

Japan's Daikin Industries, a maker of home air conditioners, has agreed to buy U.S. rival Goodman Global from private-equity firm Hellman & Friedman for $3.7 billion.

Asian Markets Mixed; Iron Ore at Lowest Since 2009

Posted: 28 Aug 2012 07:14 PM PDT

Asian markets were mixed on Wednesday ahead of Federal Reserve Chairman Ben Bernanke's speech at Jackson Hole on Friday.

Fund Managers Seek Their Inner Ad Men

Posted: 28 Aug 2012 05:51 PM PDT

Hedge funds are beginning to explore marketing strategies ahead of a planned relaxation of a ban on advertising.

Knight Ponders Path Forward

Posted: 28 Aug 2012 04:39 PM PDT

Weeks after a near-catastrophic trading lapse, brokerage considers whether to jettison or expand some of its operations.

Baseball Strikes $5.6 Billion ESPN Deal

Posted: 28 Aug 2012 05:44 PM PDT

Major League Baseball unveiled an eight-year, $5.6 billion media-rights deal with Walt Disney's ESPN.

United Airlines Hit by Outage

Posted: 28 Aug 2012 06:36 PM PDT

United Airlines was hit by widespread computer-network problems that caused hundreds of flight delays at airports around the world, the latest in a series of glitches to affect the world's largest carrier.

G-7 Calls for Lift In Oil Production

Posted: 28 Aug 2012 07:55 PM PDT

The Group of Seven leading industrialized economies appealed to the world's major oil producers to boost output as fears about Hurricane Isaac and tensions with Iran pushed up oil prices.


Paulson Assures BofA in Call

Posted: 28 Aug 2012 05:20 PM PDT

John Paulson acknowledged during a conference call with Bank of America wealth advisers and their clients that his flagship hedge fund had posted disappointing returns, while assuring them his firm hadn't faced an exodus of investors.


Costlier Food Puts Restaurants in Bind

Posted: 28 Aug 2012 03:36 PM PDT

Restaurant chains are in a pickle, caught between soaring ingredient costs and fears that raising prices will turn off their budget-conscious customers, who generally remain pessimistic about the economy.

Portugal at Crossroads as Creditors Visit Lisbon

Posted: 28 Aug 2012 07:36 PM PDT

Officials from the EU and the IMF arrived in Lisbon to assess the country's progress in implementing a bailout program, amid signs austerity may be hurting the government's ability to meet budget deficit targets.

Gogo Gets Canada License

Posted: 28 Aug 2012 06:12 PM PDT

Gogo has been issued a license by Canada to use part of the country's radio-frequency spectrum to provide cross-border in-flight Internet service.

Brazil Court Upholds Ban on Chevron

Posted: 28 Aug 2012 06:21 PM PDT

A Brazilian court upheld an injunction that bars Chevron and drilling company Transocean from operating in Brazil, but a broader appeal of the ban is still pending.

FDA Panel Backs Wider Use of Abbott's Humira

Posted: 28 Aug 2012 01:43 PM PDT

A federal advisory panel backed the use of an Abbott Laboratories drug as a treatment for patients with inflammatory bowel disease.

Canada to Press China on Sale

Posted: 28 Aug 2012 04:06 PM PDT

Canada's industry minister signaled that China opening its markets could be a condition for approving Cnooc's $15.1 billion offer to buy Nexen.

Property Investors Find Glamour in Warehouses

Posted: 28 Aug 2012 01:54 PM PDT

European industrial and logistics property generated an average annual return of 7.8% in the past 10 years. That compares with 5.5% for offices and 6.2% for retail.

Advance Publications Cuts Papers' Schedules

Posted: 28 Aug 2012 03:33 PM PDT

Advance Publications has rolled out a three-day-a-week print schedule at two more of its newspapers: the Post-Standard in Syracuse, N.Y., and the Patriot-News in Harrisburg, Pa.

France Plans Fuel Price Cuts

Posted: 28 Aug 2012 03:04 PM PDT

The French government said it will help fund a cut in gasoline prices, delivering a temporary reprieve to consumers at a time when the country's economy is struggling.

AstraZeneca Taps Rival for CEO

Posted: 28 Aug 2012 04:01 PM PDT

AstraZeneca named Pascal Soriot from Swiss rival Roche as CEO, ending months of uncertainty at the U.K. drug giant.

CEO: Statoil Needs More Giant Fields to Grow After 2020

Posted: 28 Aug 2012 11:10 AM PDT

Norwegian oil giant Statoil needs to discover more giant oil fields to maintain its offshore production in Norway after 2020, Chief Executive Helge Lund said Tuesday.