"Wallstreet" Reader

"Wallstreet" Reader

Brazil's Listless Growth Continues

Posted: 31 Aug 2012 05:40 PM PDT

Brazil's once-blazing economy has continued to slump despite government efforts to revive it, more evidence that the emerging market countries that jolted the globe back to growth after the 2008 financial crisis aren't set to provide the same remedy now.


Illinois Tool Resists Pressure to Split

Posted: 31 Aug 2012 07:20 PM PDT

Conglomerate Illinois Tool Works has heeded the lessons of the breakups of ITT, Tyco and Ingersoll-Rand, and pursued its own asset sales while simultaneously hunting for big deals to expand revenue.


Wal-Mart Tests Mobile Checkout

Posted: 31 Aug 2012 04:32 PM PDT

Wal-Mart is testing a checkout system that allows shoppers to use their mobile phones to scan items as they walk through stores and pay at self-service kiosks, skipping the cashiers' lines.

Former UBS Employees Convicted in Muni-Bond Case

Posted: 31 Aug 2012 06:25 PM PDT

The three men were accused of running a scheme that led local governments to pay millions of dollars more than they should have for funding.

China Manufacturing Index Hits Nine-Month Low

Posted: 31 Aug 2012 06:27 PM PDT

China's official manufacturing Purchasing Managers Index fell to a nine-month low of 49.2 in August. This is the first time since November the gauge has been below 50, indicating a contraction in nationwide manufacturing activity.

Amazon Heats Up Gadget Wars

Posted: 31 Aug 2012 04:24 PM PDT

Amazon is planning an advertising-supported tablet computer that will be priced lower than similar models.

Larsen to Join Time Inc.

Posted: 31 Aug 2012 04:03 PM PDT

Former Dow Jones President Todd Larsen is expected to be named the head of news and sports at Time Warner's magazine group, Time Inc.

Altitude Aircraft Looks to Revive Singapore IPO

Posted: 31 Aug 2012 01:25 AM PDT

Altitude Aircraft Leasing, a trust backed by General Electric Co. is looking to revive its plans for an initial public offering in Singapore that could raise between $500 million to $750 million.

Chalco Bid for SouthGobi in Peril

Posted: 31 Aug 2012 02:59 AM PDT

China has fallen silent in its pursuit of a deal that would have unlocked vast seams of Mongolian coal ahead of a deadline next week, as politics and a slowing Chinese economy likely scotched the $920 million investment.

FCC to Review Mobile-Airwaves Policy

Posted: 30 Aug 2012 05:36 PM PDT

Federal regulators are gearing up to take another look at how much of the airwaves any one company should be able to control, stepping into a heated policy debate with broad implications for the wireless industry.

Hon Hai's Revenue Jumps, But Net Is Flat

Posted: 31 Aug 2012 07:26 AM PDT

Hon Hai Precision said its first-half profit rose only slightly as revenue growth driven by strong demand for Apple products was largely offset by an accounting loss on its investment in Sharp.

EU to Push Wide Oversight of Banks

Posted: 31 Aug 2012 05:34 PM PDT

The European Central Bank should police the more than 6,000 banks in the euro zone, said the EU's executive, setting itself up for a clash with Germany, which wants to retain oversight over smaller lenders.

Bankia Books Big Loss

Posted: 31 Aug 2012 12:57 PM PDT

Bankia posted one of the largest losses on record for Spain's financial sector after taking close to $9.4 billion in charges. Spain's bank bailout fund plans to inject capital into the bank.

Wasendorf Assets Going on the Block

Posted: 31 Aug 2012 06:23 PM PDT

The court-appointed receiver sifting through the assets of Russell Wasendorf Sr. plans a multiday auction this fall to liquidate the Peregrine Financial CEO's personal property.

Audit of KPMG Finds Weaknesses

Posted: 31 Aug 2012 11:01 AM PDT

The government's auditing regulator found deficiencies in audits conducted by KPMG.

Facebook Shares Drop to New Lows

Posted: 31 Aug 2012 08:00 PM PDT

Facebook shares fell 5% to new lows Friday as two analysts from firms that underwrote its initial public offering cut their price targets on the shares.


Argentina Challenges U.S. Ban on Its Beef

Posted: 31 Aug 2012 05:45 PM PDT

Argentina has formally challenged U.S. import restrictions on Argentine beef at the World Trade Organization amid strained ties between the South American nation and several of its biggest trading partners.

Canada's GDP Grew 1.8% in Quarter

Posted: 31 Aug 2012 02:14 PM PDT

The Canadian economy grew faster than expected in the second quarter, as businesses replenished inventories and invested in plants and equipment, and consumers picked up spending.

AMR, US Airways Talks Draw Closer

Posted: 31 Aug 2012 07:47 PM PDT

American Airlines parent AMR and suitor US Airways have signed a deal that will allow the pair to share confidential information in order to evaluate a potential combination.


Shell Edges Closer to Arctic Drilling

Posted: 31 Aug 2012 06:59 AM PDT

Royal Dutch Shell was cleared to do preparatory work on an oil well in the Arctic Ocean's Chukchi Sea, though it stills lacks a final U.S. permit for drilling deep enough to find oil.