"Wallstreet" Reader

"Wallstreet" Reader

SEC Probes NYSE Data Feeds

Posted: 06 Aug 2012 06:35 PM PDT

The Securities and Exchange Commission is looking into whether some customers of the New York Stock Exchange received trading information slightly before others.


Key Insider Informant Takes Witness Stand

Posted: 06 Aug 2012 06:51 PM PDT

A government informant who helped build roughly half a dozen cases in the government's widespread crackdown on insider trading told jurors that she passed on "very powerful" tips to her "friends and buddies on Wall Street."

U.S. Aims to Boost Investment in Africa

Posted: 06 Aug 2012 05:34 PM PDT

The head of the U.S. Export-Import Bank, Fred Hochberg, is in South Africa with a delegation of U.S. trade representatives and business officials pushing for stronger commercial ties with Africa.

Kodak Patent Opening Bids Come In Low

Posted: 06 Aug 2012 05:03 PM PDT

Opening bids for Kodak's digital patents came in far below the $2.6 billion the company said they could be worth, an early sign the bankruptcy-court auction may not leave much cash for Kodak after creditors are paid off.

Gibson Guitar to Pay Fine Over Wood Imports

Posted: 06 Aug 2012 05:06 PM PDT

Gibson Guitar agreed to pay a $300,000 fine to resolve a federal criminal investigation into allegations that it illegally imported wood from Madagascar and India.


In China's Power Nexus, a Tale of Redemption

Posted: 06 Aug 2012 06:10 PM PDT

After spending nearly a year in jail, China Gas's Liu Minghui's comeback is nearly complete. He has been exonerated in an embezzlement case and is poised to win his takeover fight with Sinopec.

Apple Grills Samsung Strategy Head

Posted: 06 Aug 2012 07:16 PM PDT

Lawyers grilled a Samsung Electronics strategy head for roughly an hour as Apple continued its efforts to convince a jury that the tech giant copied its designs.

Apple to Pull YouTube App From Devices

Posted: 06 Aug 2012 07:11 PM PDT

Apple plans to remove its YouTube app from the iPhone and iPad, the latest sign of a growing gulf between Apple and Google.

Chesapeake Posts Profit Rise, Will Sell More Assets

Posted: 06 Aug 2012 07:15 PM PDT

Chesapeake Energy reported higher profit on one-time gains and growing debt as it detailed plans to raise more cash by shedding assets.

Indian Outsourcing Firms Hire in U.S.

Posted: 06 Aug 2012 11:54 AM PDT

India's information-technology companies are stepping up hiring in the U.S. MindTree said it plans to hire more Americans for software-development centers it intends to set up in the U.S.

HCA Discloses Federal Probe

Posted: 06 Aug 2012 07:04 PM PDT

HCA said federal prosecutors in Miami are probing the "medical necessity" of cardiology procedures performed at several of its hospitals.

IMF Pushes Europe to Ease Greek Burden

Posted: 06 Aug 2012 06:55 PM PDT

The International Monetary Fund, facing discontent among its members about the sums it has lent to the euro zone, is pushing the currency bloc's governments to take steps to lighten the burden of the bailout loans they made to Athens.

EU Bank Plan Due by Sept. 11

Posted: 06 Aug 2012 12:38 PM PDT

The European Commission plans to detail proposals next month for a euro-zone banking supervisor, seen as vital to stemming the bloc's sovereign-debt crisis.

TNT Express Convinced UPS Deal Will Go Ahead

Posted: 06 Aug 2012 12:26 PM PDT

United Parcel Service Inc.'s planned acquisition of TNT Express NV is on track to win approval from European regulators in the fourth quarter, executives of both companies contend.

Mortgage Demand Increases, Banks Say

Posted: 06 Aug 2012 06:23 PM PDT

Demand for home loans is growing, but lenders were keeping standards tight for borrowers, the Fed said.

U.S. Allows Enbridge to Restart Pipeline

Posted: 06 Aug 2012 11:25 AM PDT

The U.S. Department of Transportation on Monday allowed Enbridge Energy Partners LP to restart its Line 14, which leaked 1,000 barrels of oil in Wisconsin in July.

Treasury Sells More AIG Shares

Posted: 06 Aug 2012 12:51 PM PDT

The Treasury Department said Wall Street underwriters bought additional shares of American International Group for $750 million, taking the government's stake in the insurer down to 53%.

Spanish Trading Disrupted by Glitch

Posted: 06 Aug 2012 04:36 PM PDT

Trading in Spanish equities was disrupted for more than four hours Monday as a technical glitch hit the systems of stock-market operator Bolsas y Mercados Espanoles.

Electronics Retailer Vann's Files for Chapter 11

Posted: 06 Aug 2012 10:34 AM PDT

Montana electronics retailer Vann's filed for Chapter 11 bankruptcy protection, blaming declining sales in a poor retail climate and two unsuccessful efforts to expand into new businesses

Founder Moves on Best Buy

Posted: 06 Aug 2012 07:47 PM PDT

With his informal offer to take Best Buy private, founder Richard Schulze puts the board in an awkward position: How does it deal with a man who no longer calls the shots but still has considerable sway over its future?