"Wallstreet" Reader

"Wallstreet" Reader

Publisher of the Deal Magazine for Sale

Posted: 11 Sep 2012 07:35 PM PDT

The publisher of The Deal, a magazine devoted to covering mergers, financings and other transactions, is for sale and being shopped to media and information companies.

Asian Shares Up Before Fed Meet, German Court Ruling

Posted: 11 Sep 2012 07:58 PM PDT

Asian markets rose on Wednesday ahead of the U.S. Federal Reserve's policy meeting and German Constitutional Court ruling, while the U.S. dollar broadly weakened Tuesday overnight on expectations of more stimulus from the Fed. The HSI was 1% higher.


Japan Machinery Orders Beat Expectations

Posted: 11 Sep 2012 07:56 PM PDT

Japanese core machinery orders rose 4.6% in July from the previous month, the second straight month of increase, the government said, as corporate investment stayed firm despite the global slowdown.


Exchanges Plot Fixes for Their Glitches

Posted: 11 Sep 2012 04:57 PM PDT

The biggest U.S. exchanges are meeting with some of their largest customers to hatch a plan they hope will convince regulators that the industry can prevent the technology snafus that have dogged the stock market.

Expectations Build for Apple's New iPhone

Posted: 11 Sep 2012 07:37 PM PDT

Can Apple's iPhone keep its crown? When the company introduces its latest device Wednesday, all eyes will be watching to see if it can maintain the place it has long held as top-selling smartphone in the U.S.

KKR-Prisma Deal Worries 2 Pensions

Posted: 11 Sep 2012 07:44 PM PDT

Two public pension funds have expressed concerns that KKR & Co.'s looming takeover of Prisma Capital Partners LP might hurt the asset manager's returns.

Russia Lashes Out Over Gazprom Probe

Posted: 11 Sep 2012 04:31 PM PDT

Russia fired back at the EC's probe into Gazprom, issuing a decree preventing the company from disclosing information without government permission and claiming the probe was part of a campaign to force the company to cut prices.

U.S. Oil, Gas Production Back Up After Isaac

Posted: 11 Sep 2012 03:02 PM PDT

Just 4% of the Gulf of Mexico's oil production and 5% of the region's natural gas output remained offline in the wake of Hurricane Issac.

Cnooc Files Nexen Deal for U.S. Review

Posted: 11 Sep 2012 02:08 PM PDT

Cnooc has asked U.S. regulators to review the Chinese oil company's proposed $15.1 billion acquisition of Canadian oil-and-gas producer Nexen.

ConocoPhillips Looking to Enter Shale Gas in China

Posted: 11 Sep 2012 05:55 PM PDT

U.S. oil company ConocoPhillips is looking into expanding its China operations to include shale gas, a company executive said.

PepsiCo Exit Alters CEO Race

Posted: 11 Sep 2012 07:57 PM PDT

PepsiCo's president, John Compton, is leaving to become CEO of Pilot Flying J, an operator of truck stops and travel centers. He will be succeeded by Zein Abdalla. The surprise exit narrows the field of candidates to eventually succeed PepsiCo CEO Indra Nooyi.


Ford's Likely CEO Pick: Fields

Posted: 11 Sep 2012 05:11 PM PDT

Ford directors are set to discuss the company's succession plans Thursday, with Mark Fields the most likely candidate to succeed Alan Mulally.

Facebook CEO Acknowledges Missteps

Posted: 11 Sep 2012 04:37 PM PDT

In his first public comments since Facebook's IPO, Zuckerberg acknowledged the company's early mobile strategy was wrong, and that its diminished stock price might encourage some employees to leave.

Israel Blasts U.S. Over Iran

Posted: 11 Sep 2012 04:43 PM PDT

Israel's prime minister blasted Washington's Iran policy, escalating a rift between the two countries, while the White House said Obama won't meet Netanyahu at the U.N. this month.

Germany Balks at Push for EU Bank Regulator

Posted: 11 Sep 2012 03:05 PM PDT

The European Commission is to present a proposal Wednesday that would have the European Central Bank regulate all of the euro-zone's more than 6,000 banks. But Germany's public-sector banks object and have the support of their politicians.

Student-Loan Start-Up Gets Financing

Posted: 11 Sep 2012 02:24 PM PDT

Social Finance, an Internet start-up offering inexpensive student loans using "group-to-group" lending, raised $77.2 million to expand its service to universities nationwide.

BlueToad Was Source of Leaked Apple Data

Posted: 11 Sep 2012 07:26 AM PDT

BlueToad, the little-known app company that lost at least a million Apple iPhone and iPad identification numbers gathered the data from devices without protecting it and was still sending the data as of Monday, a Wall Street Journal investigation found.

Peregrine CEO Signs Plea Deal

Posted: 11 Sep 2012 07:06 PM PDT

The chief executive of Peregrine Financial Group Inc. faces a maximum 50 years in prison under a plea agreement he signed with federal prosecutors.

Green Mountain Bolstered by Lavazza's Holding

Posted: 11 Sep 2012 01:09 PM PDT

Italian coffee roaster Luigi Lavazza SpA increased its stake in Green Mountain Coffee Roasters to 6.8% from 4.99%, bolstering investor confidence in the maker of Keurig coffee machines and pods.

UBS Whistleblower Gets $104 Million

Posted: 11 Sep 2012 07:29 PM PDT

The IRS awarded tax whistleblower and former UBS banker Bradley Birkenfeld $104 million for providing information about secret offshore accounts held by U.S. taxpayers. The move could encourage other whistleblowers.