"Wallstreet" Reader

"Wallstreet" Reader

Asia Markets Gain

Posted: 08 Aug 2012 07:56 PM PDT

Asian markets mostly climbed after news that China's inflation rate slowed and Australia's unemployment rate fell—though the Shanghai Composite went its own way, down 0.5%.


Fannie Mae Posts Profit as Home Prices Rise

Posted: 08 Aug 2012 06:40 PM PDT

Fannie Mae posted a second-quarter profit, helped by rising home prices and a decline in mortgage delinquencies, the latest sign the housing market is moving toward a recovery.

Japan Tobacco to Rename Its Mild Seven Brand

Posted: 08 Aug 2012 06:55 PM PDT

Japan Tobacco plans to change the name of its top-selling domestic brand, Mild Seven, as part of an effort to boost overseas sales and dislodge Marlboro as the world's most popular cigarette.

Ex-UBS Traders Offered Deal in Rate Probe

Posted: 08 Aug 2012 06:31 PM PDT

U.S. prosecutors have agreed to shield several former UBS employees from criminal charges in return for their cooperation with the investigation of suspected interest-rate manipulation.

Got Milk? Spinoff Shows Lure of Organic

Posted: 08 Aug 2012 05:38 PM PDT

Shares in Dean Foods rose 41% after the company detailed plans to spin off its WhiteWave-Alpro business, which includes the Horizon Organic dairy brand.

Breast-Cancer Group Shakes Up Ranks

Posted: 08 Aug 2012 06:47 PM PDT

Komen shook up its top ranks, announcing the resignation of its president, even as it looked to fill other senior positions in the wake of a controversial decision involving Planned Parenthood.

Rolls Engines Face New Safety Checks

Posted: 08 Aug 2012 04:59 PM PDT

European air-safety regulators ordered new high-priority inspections of Rolls-Royce engines on dozens of Airbus A380 aircraft.

CEO Memo to D.C.: Stop Fighting, We'll Spend

Posted: 08 Aug 2012 04:57 PM PDT

America's CEOs are venting on earnings calls about Washington, and they are chastising Democrat and Republican alike for what's become of our way of governing.

Bet on Platinum's Fall Is Anti-Euro Wager

Posted: 08 Aug 2012 06:32 PM PDT

Some hedge funds have found a new venue to wager on a worsening outlook for Europe: the platinum market.

Morgan Drops Bond Traders, Adds Computers

Posted: 08 Aug 2012 06:33 PM PDT

In a move to repair its flagging bond-trading business, Morgan Stanley is scrambling to replace some of its well-paid bond traders with computers.

At Yahoo, CEO Mayer's Makeover Begins

Posted: 08 Aug 2012 04:57 PM PDT

Yahoo's rookie chief executive Marissa Mayer has made one thing clear to employees at the outset of her bid to revive the Internet company: Product comes first.

Operating Chief Leaves Zynga

Posted: 08 Aug 2012 05:40 PM PDT

Zynga said its chief operating officer, John Schappert, has left the company, a week after the social games maker took away some of his responsibilities.

News Corp. Loss Reflects Write-Down

Posted: 08 Aug 2012 02:57 PM PDT

News Corp. posted a $1.55 billion loss for its fiscal fourth quarter on a multibillion-dollar write-down primarily of its publishing businesses, most significantly those in Australia.

Sprint M&A Executive to Leave

Posted: 08 Aug 2012 01:21 PM PDT

The top mergers and acquisitions executive for Sprint Nextel is leaving the wireless carrier Sept. 30.

Insider Informant: Some Tips Were Refused

Posted: 08 Aug 2012 05:08 PM PDT

A cooperating witness testified that a hedge-fund manager turned her down on several occasions when she offered him inside information about a series of corporate takeovers, which could potentially undercut her earlier testimony that he gladly traded on confidential information she provided.

MTN Seeks to Unlock Iran Earnings

Posted: 08 Aug 2012 04:08 PM PDT

South African mobile-phone company MTN has entered talks with the U.S. in a bid to unlock its earnings in Iran.

Pilots Reject Tentative Pact With American Airlines

Posted: 08 Aug 2012 03:03 PM PDT

The union representing American Airlines pilots rejected a concessionary, six-year contract offer by a vote of 61%, the Allied Pilots Association said. The rejection is likely to put the issue before the U.S. Bankruptcy Court judge overseeing the reorganization of American parent AMR Corp.

In U.K., Backlash Over Standard Chartered Allegations

Posted: 08 Aug 2012 06:43 PM PDT

British regulators, politicians and bankers launched a counterattack against the New York banking supervisor that this week accused Standard Chartered of misconduct.

Health Law Likely to Spur Retail, Restaurant Cuts

Posted: 08 Aug 2012 08:49 AM PDT

Employers in the retail and restaurant industries are more likely than other companies to drop their health plans or cut workers' hours when new health-law requirements take effect in 2014, a survey found.

H-P to Book $8 Billion Charge

Posted: 08 Aug 2012 07:24 PM PDT

Hewlett-Packard said it would write down the value of its technology-services business by about $8 billion, underscoring both industry changes and singular pressures plaguing the company.