"Wallstreet" Reader

"Wallstreet" Reader


AMR Is in Talks for Financing Deal

Posted: 29 Aug 2012 07:52 PM PDT

AMR is in talks with a group of hedge funds interested in providing equity financing that would help the American Airlines parent emerge from bankruptcy protection.


Asian Markets Fall

Posted: 29 Aug 2012 06:47 PM PDT

Asian markets fell ahead of Federal Reserve Chairman Ben Bernanke's speech at Jackson Hole, and as weakness in resources pushed Australia to a two-week low. The Nikkei was down 0.8%.

Braly's Exit Cheered by Investors

Posted: 29 Aug 2012 04:48 PM PDT

WellPoint shares rose 7.7% in the wake of CEO Angela Braly's announced departure, signaling the extent of the dissatisfaction among investors about the company's performance.

MF Global Trustee Seeks to End Suits

Posted: 29 Aug 2012 06:49 PM PDT

Louis Freeh proposed "full-scale negotiation" in lieu of litigation to resolve disputes over how to recover money for MF Global's customers and creditors.

FX Orders More 'Anger Management'

Posted: 29 Aug 2012 04:05 PM PDT

FX Network ordered an additional 90 episodes of Charlie Sheen's new comedy "Anger Management" from the show's producer, Lions Gate Entertainment.

United Says Computer Glitch Delayed 580 Flights

Posted: 29 Aug 2012 03:08 PM PDT

United Continental said a two-hour computer outage Tuesday led to 580 flight delays and nine cancellations.

Slow Start for Chrysler's Dart

Posted: 29 Aug 2012 03:12 PM PDT

Chrysler's most important new car launch of the year is getting off to a slow start due to an emphasis on manual transmissions, putting a kink in a turnaround plan built on stoking the auto maker's sales and market share gains.


Statoil Using Rails to Ease Bottleneck

Posted: 29 Aug 2012 07:51 PM PDT

Statoil said it is leasing more than 1,000 railroad cars to carry crude oil from fields in North Dakota to refiners across North America, in a bid to overcome pipeline bottlenecks that plague the booming oil-producing region.


GM Expects Volt Sales Gain

Posted: 29 Aug 2012 01:44 PM PDT

General Motors expects to sell more than 2,500 of its battery-powered Volt cars in August, making it the highest monthly sales rate for the $40,000 vehicle since it was introduced nearly two years ago.

Engineer Sentenced in Motorola Secrets Case

Posted: 29 Aug 2012 05:51 PM PDT

A former software engineer for Motorola was sentenced to four years in prison after being convicted of stealing trade secrets for a Chinese company.

Lawmakers Scale Back Libor Document Request

Posted: 29 Aug 2012 11:54 AM PDT

Members of Congress have given the New York Fed more time to hand over documents about how much officials knew about manipulation of a key interest rate.

Facebook Cleared to Acquire Instagram

Posted: 29 Aug 2012 06:25 PM PDT

Facebook won approval from California to issue stock for its purchase of Instagram that has lost a significant amount of value since the deal was reached earlier this year.

Russia's Auto Market Shines

Posted: 29 Aug 2012 12:40 PM PDT

Auto makers are bullish on Russia, with several companies planning to to expand factories, despite the country's reputation for being a tough place to do business.

Wheat Prices Jump More Than 3%

Posted: 29 Aug 2012 01:32 PM PDT

U.S. wheat futures rose 3.5% ahead of a meeting of Russia's agricultural ministry later this week, amid fears the big wheat-exporting country may curb grain exports.

Fed's Beige Book Tells Mixed Story

Posted: 29 Aug 2012 12:17 PM PDT

The U.S. economy expanded gradually in July and early August, as the jobs market only grew slightly, the Fed said in a report.

Big Chinese Auto Makers Post Strong Gains

Posted: 29 Aug 2012 11:36 AM PDT

Chinese auto makers with strong ties to big-name foreign car brands such as GM and VW reported strong first-half profits, illustrating the benefits of such partnerships as the country's market gains slow.

Cnooc Files for Approval of Nexen Deal

Posted: 29 Aug 2012 11:06 AM PDT

Cnooc filed an application with the Canadian government seeking approval of the Chinese company's $15.1 billion takeover of Nexen.

Zynga Chief Creative Officer to Resign

Posted: 29 Aug 2012 06:28 AM PDT

Zynga said Chief Creative Officer Mike Verdu has decided to leave the social gaming firm, one of several recent departures at the company as it has faced an erosion of investor confidence.

Merkel, Monti Bide Time Until ECB Acts

Posted: 29 Aug 2012 09:08 AM PDT

German and Italian leaders voiced confidence that they are making headway against the debt crisis, but Europe appears stuck until Germany's highest court and the ECB make key decisions.

Short Sellers Cry Out For Yelp

Posted: 29 Aug 2012 07:31 PM PDT

Online business-review website Yelp soared after tumbling in the days ahead of a huge release of the firm's shares.