"Wallstreet" Reader

"Wallstreet" Reader

Asian Shares Rise on Stimulus Hopes

Posted: 07 Aug 2012 07:11 PM PDT

Asian markets crept higher Wednesday, following gains on Wall Street, with Japan ahead of the pack as a weaker yen helped the Nikkei climb to a near one-month high.

Best Buy Founder Envisions New Tack

Posted: 07 Aug 2012 07:22 PM PDT

Best Buy founder Richard Schulze, who has proposed taking the company private, envisions a turnaround plan that is aggressive on prices and turns back a cost-cutting plan.

Deutsche Bank Is Stuck on RREEF

Posted: 07 Aug 2012 05:03 PM PDT

Deutsche Bank's on-and-off effort to sell its giant real-estate fund group is taking its toll on one of the world's largest property-investment businesses.

U.K. Banks' Reputations Take a Beating

Posted: 07 Aug 2012 07:35 PM PDT

In the past six weeks, the three big U.K. banks that had survived the financial crisis relatively unscathed have been hit by scandal, further soiling the British banking sector's reputation and undercutting efforts to fend off tougher regulations.

Bob Dylan Becomes Selling Point for Bonds

Posted: 07 Aug 2012 06:43 PM PDT

A privately held Nashville, Tenn., company is preparing a $300-million bond backed by the cut it receives as a middleman between music companies and songwriters and the outlets that broadcast their music.

SEC-Money Fund Showdown: Aug. 29

Posted: 07 Aug 2012 04:09 PM PDT

After months of wrangling, U.S. regulators are planning to vote later this month on a proposal to tighten rules governing the $2.6 trillion money-market mutual-fund industry.

Disney Boosted by 'Avengers'

Posted: 07 Aug 2012 07:00 PM PDT

Walt Disney posted a 24% earnings rise with "The Avengers" boosting its studio division, while its media networks and theme parks also saw profits rise.

Lawmakers Urge Quick Approvals on Gas Exports

Posted: 07 Aug 2012 01:53 PM PDT

More than 40 House lawmakers are calling on the Energy Department to speed up approvals for U.S. natural-gas exports, raising the political stakes in a debate over how the nation should use its growing natural-gas supplies.

Ex-Apple Designer: Similarity in Samsung Phones

Posted: 07 Aug 2012 03:02 PM PDT

Apple continued its push to convince a jury that Samsung Electronics copied its products, turning to a graphical designer who once worked at Apple.

AT&T, Unions Reach Deals as Others Strike

Posted: 07 Aug 2012 07:06 PM PDT

AT&T reached three-year agreements with unions covering more than 22,000 workers, but groups representing another 20,000 have formed picket lines out of frustration over talks with the giant telecom company.

Witness: Hedge-Fund Manager Sought Tips

Posted: 07 Aug 2012 05:45 PM PDT

Government informant Roomy Khan testified in the insider-trading trial of hedge-fund manager Doug Whitman that he would "hound" her for confidential information about technology companies.

Chesapeake Budget Plans Lift Stock

Posted: 07 Aug 2012 04:15 PM PDT

Chesapeake Energy shares jumped 9.4% as executives detailed plans to cut spending and improve profits at the cash-strapped driller.

Boeing Raises Jetliner Prices

Posted: 07 Aug 2012 12:15 PM PDT

Boeing raised the list prices of its commercial jetliners by around 6%, the first increase in a year.

After Knight Loss, SEC Looks to Tighten Trading Controls

Posted: 07 Aug 2012 01:04 PM PDT

The SEC is ratcheting up the rules for risk management at stock exchanges, the agency's first broad policy response to trading glitches that nearly sank Knight Capital last week.

Condom Maker Moves Toward IPO

Posted: 07 Aug 2012 10:47 AM PDT

Malaysian condom manufacturer Karen Industries has disclosed plans in recent weeks for an initial public offering and to double capacity.

Wells Fargo Forecasts Rise in Legal Losses

Posted: 07 Aug 2012 11:33 AM PDT

Wells Fargo said its potential losses from legal and mortgage-related issues rose in the second quarter—a sign residual trouble from the financial meltdown is easing but not over.

MetLife Hit With Fed Fine on Mortgage Disclosure

Posted: 07 Aug 2012 07:56 PM PDT

The Federal Reserve imposed a $3.2 million penalty on MetLife, saying the insurer hadn't adequately overseen mortgage loan servicing and foreclosure processing operations at its subsidiary bank.

Fitch: High Ratings Unlikely for Rental Securities

Posted: 07 Aug 2012 05:42 PM PDT

Fitch analysts say they are unlikely to grant high credit ratings to a first wave of Wall Street deals backed by rental payments on single-family homes, citing the lack of data on how often tenants pay their rent on time.

Greeks Look to Labor Pool For Some Public Workers

Posted: 07 Aug 2012 08:26 AM PDT

Greece may have to place thousands of public workers in a special labor pool at reduced pay to help achieve as much as $4.95 billion in spending cuts demanded by international creditors, a politically risky move for the fragile coalition government.

Magazine Newsstand Sales Fall

Posted: 07 Aug 2012 12:50 PM PDT

Magazines' newsstand sales dropped 9.6% in the first half of 2012, accelerating the recent decline. But digital editions helped paid subscriptions grow 1.1%, according to the Audit Bureau of Circulations.