"Wallstreet" Reader

"Wallstreet" Reader

Asian Shares Fall Before Fed; Apple Suppliers In Focus

Posted: 12 Sep 2012 06:46 PM PDT

Asian markets were lower in cautious trading before the outcome of the Federal Reserve's policy meeting, while Apple plays were in focus as investors digested the debut of the iPhone 5. The Nikkei fell 0.1%.

Economists Uncertain About More Fed Moves

Posted: 12 Sep 2012 06:21 PM PDT

Economists are skeptical about the economic benefits of another round of bond buying by the Federal Reserve, though most expect the central bank to embark on that course.

Germany Balks at Bank Union

Posted: 12 Sep 2012 07:42 PM PDT

The European Commission presented a proposal on Wednesday to give the European Central Bank oversight of all of the euro zone's more than 6,000 banks. But Germany is reluctant to cede control of its banking sector.


Insiders Get Post-IPO Pass

Posted: 12 Sep 2012 05:05 PM PDT

Wall Street underwriters increasingly are allowing corporate insiders to sidestep agreements that prevent them from quickly selling shares after initial public offerings.

U.S. to Feel Effects of European Merger

Posted: 12 Sep 2012 07:09 PM PDT

The planned European megamerger that would create the world's largest aerospace and defense company could trigger the biggest shake-up among U.S. rivals in almost two decades.

Weather Woes Sow Worry on Wheat

Posted: 12 Sep 2012 03:09 PM PDT

Concerns are rising that hot, dry weather patterns across some parts of the globe could shrink the world-wide supply of wheat.

Pimco's Gross Slashed Treasury Holdings in August

Posted: 12 Sep 2012 02:48 PM PDT

Bill Gross, the manager of Pimco's Total Return Fund, cut his holdings of U.S. Treasury bonds to 21% of his holdings at the end of August, from 33% at the end of July.

Thai Beverage Makes Offer for Fraser & Neave

Posted: 12 Sep 2012 03:11 PM PDT

Thai Beverage said it will make an offer for Fraser & Neave that values the Singapore-based conglomerate at $10.2 billion, a move that could upset Heineken's plans to expand in Asia.

Corzine Meets With MF Global Investigators

Posted: 12 Sep 2012 06:54 PM PDT

The former chairman of the failed brokerage firm met with criminal investigators and civil regulators last week. It was the first time Mr. Corzine spoke with investigators about the company's final days.

Congress to Take Closer Look at Computer-Driven Trading

Posted: 12 Sep 2012 02:24 PM PDT

Congress is stepping up its scrutiny of computer-driven trading and its effect on market stability after a string of technical glitches this year that roiled markets and hurt investor confidence.

AMR to Pursue 'Consensual' Pilots Deal

Posted: 12 Sep 2012 02:01 PM PDT

American Airlines parent AMR, which got the green light from a bankruptcy judge a week ago to cancel the labor contract governing its pilots, "remains committed" to working with the union "to explore paths to a consensual deal," said AMR Chief Executive Tom Horton.

Ford Facing Decisions on Europe, Asia

Posted: 12 Sep 2012 05:30 PM PDT

Ford Motor is preparing to shake up its European operations, possibly closing one factory, as the auto maker moves toward the naming of an heir-apparent to Chief Executive Alan Mulally.

Peregrine's Wasendorf Jr. Offers Property to Help Trim Cash Shortfall

Posted: 12 Sep 2012 02:51 PM PDT

The president of Peregrine Financial Group has offered to turn over his ownership in the defunct brokerage's headquarters, an offer that could net $3.4 million toward making up an estimated $190 million shortfall faced by the firm's customers and creditors.

TheStreet Buys The Deal

Posted: 12 Sep 2012 04:29 PM PDT

The Deal, an insider's publication for the deals world, will end print publication as its owner has been sold to online financial news publisher TheStreet for $5.8 million.

Investors Ready for Wave of European Corporate Bonds

Posted: 12 Sep 2012 12:51 PM PDT

European companies could issue a sizeable chunk of debt before the end of the year and still meet with demand as a dramatic drop in borrowing costs signals investors are hungry for corporate paper and have a stack of cash to put to work.

Transocean: Court Denies Brazil Injunction Block

Posted: 12 Sep 2012 12:21 PM PDT

A Brazilian court has denied a request by the national oil regulator to suspend an injunction barring Transocean and Chevron from operating in the country, Transocean said.

Dole Explores Sale of Businesses to Itochu

Posted: 12 Sep 2012 02:31 PM PDT

Dole Food said it is in advanced discussions with Japanese trading house Itochu for the possible sale of its packaged-foods and Asian fresh fruit and vegetable businesses.

U.K. FSA Fines, Bans Former Banker Peter Cummings

Posted: 12 Sep 2012 11:19 AM PDT

Peter Cummings, a former banker at HBOS, the failing bank taken over by Lloyds in 2008, has been fined £500,000 by the Financial Services Authority and banned from working at a financial firm.

Economists Skeptical on More Fed Easing

Posted: 12 Sep 2012 03:36 PM PDT

Economists expressed skepticism about the benefits of another round of bond-buying by the Federal Reserve, even as most expect the central bank to embark on such a course at its meeting tomorrow.

Mom, Pop Get a Taste of an RBC Bond Deal

Posted: 12 Sep 2012 05:34 PM PDT

The triple-A-rated asset carries the added protection of being backed by a pool of mortgages.