"Wallstreet" Reader

"Wallstreet" Reader

Asian Markets Mixed Ahead of Chinese Data

Posted: 09 Aug 2012 07:40 PM PDT

Asian markets were mixed Friday ahead of more economic data out of China, while sourcing giant Li & Fung slumped 22% on poor first-half results.


Yahoo May Reverse Alibaba Cash Plans

Posted: 09 Aug 2012 06:55 PM PDT

Yahoo said it could reverse its May decision to return more than $4 billion to shareholders from selling part of its stake in a Chinese Internet company, a signal that new Chief Executive Marissa Mayer may want to use the cash for other purposes.


Bad Weather Pushes Food Prices Higher

Posted: 09 Aug 2012 05:27 PM PDT

A rash of bad weather—from a drought in the U.S. to a hot summer in Russia to excessive rain in Brazil—is straining the global food chain and pushing up prices around the world.


ManUnited IPO Avoids a Dreaded 'Own Goal'

Posted: 09 Aug 2012 07:04 PM PDT

Manchester United priced its IPO at $14 a share, below the English soccer team's targeted range. But the fact that the deal was completed at all was a clear win for the Glazer family that controls the storied team.


Cnooc to Submit Oil Deal for Review

Posted: 09 Aug 2012 04:47 PM PDT

China's Cnooc said it plans to defend its $15 billion proposed buyout of Canadian oil producer Nexen before U.S. regulators.

Big Bond Funds Rebound From 2011

Posted: 09 Aug 2012 05:57 PM PDT

Buyers of both risky and risk-free bonds are sitting on substantial gains this year, providing a much-needed rebound for some of the biggest names in the bond markets after a rough 2011.

Cheniere Proceeding With LNG Export Facility

Posted: 09 Aug 2012 02:52 PM PDT

Cheniere Energy Partners is moving ahead with the construction of facilities to liquefy and export natural gas in Louisiana, moving the U.S. one step closer to becoming a major exporter of the commodity.

Flows to Money Funds Increase by $11 Billion

Posted: 09 Aug 2012 06:36 PM PDT

Assets in money-market funds increased by $10.94 billion in the week ended Wednesday as investors added to both retail and institutional funds.


Forest Labs Agrees to Governance Changes

Posted: 09 Aug 2012 04:32 PM PDT

Forest Laboratories agreed to adopt new corporate-governance measures in a proposed settlement of shareholder lawsuits.

China Gets Aboard Europe's High-Speed Rails

Posted: 09 Aug 2012 05:12 PM PDT

Beijing-based China CNR said it secured a small but important components order from Germany's Siemens that represents a rare Chinese foothold in the Western market for high-speed trains.

Cargill Optimistic After Tough Year

Posted: 09 Aug 2012 05:49 PM PDT

A senior Cargill executive said that the U.S. drought is expected to have a positive impact on short-term profits, countering the trading problems that hit earnings during its recently ended fiscal year.

Knight CEO: 'Close to 100% Within a Week'

Posted: 09 Aug 2012 05:41 PM PDT

Knight Capital's chief executive said the firm expects to reclaim nearly all lost business by the end of next week, a swift rebound from the Aug. 1 trading glitches that threatened its survival.

Bringing Pepsi Back to Myanmar

Posted: 09 Aug 2012 07:00 PM PDT

PepsiCo said it reached a deal to distribute its products in Myanmar through a local partner, in the latest sign of rising investor interest in the once-reclusive Southeast Asian nation.


Regulators Join in Talks With Standard Chartered

Posted: 09 Aug 2012 07:40 PM PDT

U.S. authorities are forming a group with New York's top financial regulator to negotiate a settlement with Standard Chartered over allegations it illegally hid financial dealings with Iran.


AmerisourceBergen Is Subpoenaed

Posted: 09 Aug 2012 04:28 PM PDT

Federal prosecutors and agents issued subpoenas to AmerisourceBergen involving company procedures for monitoring distribution of narcotic painkillers and other controlled medications.

Carlyle to Acquire TCW

Posted: 09 Aug 2012 04:40 PM PDT

Carlyle struck a deal to acquire TCW from Société Générale, which is unloading assets to help it meet new capital targets.

Debate Over 'Fiscal Cliff' Weighs on Growth

Posted: 09 Aug 2012 04:28 PM PDT

Even if lawmakers manage to avoid the year-end "fiscal cliff" of spending cuts and tax increases, their dithering is likely to hinder growth for the rest of 2012, according to economists in the latest Wall Street Journal forecasting survey.

Goldman Code Case Rebooted

Posted: 09 Aug 2012 03:53 PM PDT

Sergey Aleynikov, a former Goldman Sachs computer programmer who took the investment bank's confidential code for its high-speed trading system, has been charged criminally by the Manhattan district attorney's office.

Barclays Names Walker as Chairman

Posted: 09 Aug 2012 03:44 PM PDT

Barclays named David Walker, a well-established London executive known for his efforts to revamp corporate governance, as the embattled bank's next chairman.

Google to Pay $22.5 Million in FTC Deal

Posted: 09 Aug 2012 12:14 PM PDT

Google will pay $22.5 million to settle charges that it secretly bypassed the privacy settings of millions of people who use Apple Inc. devices, the Federal Trade Commission said Thursday.