"Wallstreet" Reader

"Wallstreet" Reader

Asian Shares Soar on Fed Stimulus Measures

Posted: 13 Sep 2012 08:01 PM PDT

Asian markets soared on Friday after the U.S. Federal Reserve unveiled an open-ended bond buying plan Thursday to help the domestic economy. The Hang Seng gained 2.4%.


CAW Makes New Offer

Posted: 13 Sep 2012 04:00 PM PDT

Canadian Auto Workers union said it offered to stretch out the period for new hires to reach the same pay as veterans in an effort to reach a deal with Detroit auto makers and avoid a permanent two-tier wage.

ICE Traders Met With CME

Posted: 13 Sep 2012 06:00 PM PDT

Some two dozen traders who trade on IntercontinentalExchange's ICE Futures U.S. met with executives from rival exchange CME Group to discuss the possibility of launching similar contracts there for so-called soft commodities.

Trades After 2008 Meeting With Paulson Probed

Posted: 13 Sep 2012 07:09 PM PDT

U.S. securities regulators are investigating possible insider trading by Wall Street executives who attended a private meeting with then Treasury Secretary Henry Paulson in 2008.


Peregrine Founder Can't Profit From Crime

Posted: 13 Sep 2012 06:09 PM PDT

Russell Wasendorf Sr., the jailed executive of collapsed brokerage Peregrine Financial Group, won't be able to pocket money from any book or movie deal about his scheme to defraud clients, according to details of a plea agreement.

Virtu Buys Dutch Market Maker

Posted: 13 Sep 2012 06:02 PM PDT

Virtu Financial said it bought a Dutch market-making business, bolstering the U.S. trading firm's presence in a European exchange-traded-funds market that has emerged as a profitable battleground for high-speed traders.

Fed Winner: Mortgage-Backed Debt

Posted: 13 Sep 2012 05:49 PM PDT

Mortgage-backed securities soared in their best day in nearly four years, as the Fed announced a new round of bond buying.

Business Loans a Sweet Spot for Banks

Posted: 13 Sep 2012 07:12 PM PDT

The growth in commercial and industrial loans is twice as fast as gains in overall bank credit. The loan volume and resulting payments will buoy those banks weighed down by low interest rates, as long as the economy stabilizes or improves.

Doctor, Hospital Deals Probed

Posted: 13 Sep 2012 04:33 PM PDT

California's attorney general has launched a broad investigation into whether growing consolidation among hospitals and doctor groups is pushing up the price of medical care, reflecting increasing scrutiny by antitrust regulators of medical-provider deals.

Pentagon Hovers Over European Tie-Up

Posted: 13 Sep 2012 07:18 PM PDT

The structure of the EADS-BAE merger aims to appease possible American worries about security, as stocks in both companies fall.

President Builds Lead in Three Key States

Posted: 13 Sep 2012 04:36 PM PDT

With few voters still undecided, President Barack Obama has built leads over Mitt Romney in Ohio, Florida and Virginia, three of the states likely to determine who wins the White House in November, according to a new Wall Street Journal/NBC News/Marist Poll.

This Buyout Boom Looks Like an Inside Job

Posted: 13 Sep 2012 07:15 PM PDT

Some $28 billion in U.S. deals between private-equity shops have happened this year, more than double the amount for all of last year.

Man Allegedly Behind Anti-Muslim Video Is Probed

Posted: 13 Sep 2012 04:04 PM PDT

Federal authorities are investigating whether the man allegedly behind a video insulting Muslims violated the terms of his probation by using computers and the Internet, according to two U.S. officials.


Sweden's Push to Expand Snus Sales Hits EU Hurdle

Posted: 13 Sep 2012 12:43 PM PDT

Sweden's long-standing drive to legalize snus tobacco in the European Union is headed for a significant roadblock as the European Commission is expected to propose in coming months retaining its 20-year ban on most smokeless products.


Gulf IPO Market Cranks Up

Posted: 13 Sep 2012 03:04 PM PDT

The market for Gulf-region companies wanting to sell and list shares is reviving, spurred by economic prospects and rejuvenated stock markets. Bankers say the likelihood of more sales in the coming months is increasing.

Fed Acts to Fix Jobs Market

Posted: 13 Sep 2012 04:50 PM PDT

The Fed unveiled an aggressive program to spur the economy through open-ended commitments to buy mortgage bond and promises to keep rates low for years.

Egypt Moves to Ease Tensions With U.S.

Posted: 13 Sep 2012 03:37 PM PDT

Egyptian President Mohammed Morsi pledged to protect diplomatic missions in Cairo after protesters overran the U.S. embassy there, after two days of diplomatic blowback that threatened to damage Egypt's relations with the U.S.

Fiat's New China Model

Posted: 13 Sep 2012 02:59 PM PDT

Italian auto manufacturer Fiat launched its latest made-in-China model, a compact car that shares common parts with the European-built Alfa Romeo and U.S.-made Dodge Dart models.

GE Probes Engine Failure on Freighter

Posted: 13 Sep 2012 05:59 PM PDT

General Electric said it is investigating another failure of its GEnx engine, this one on a Boeing 747 freighter in Shanghai.

J&J Recruits Bayer Executive

Posted: 13 Sep 2012 05:45 PM PDT

Johnson & Johnson took the unusual step of hiring an outsider—Bayer's Sandra Peterson—to turn around its troubled consumer business and repair a supply chain now struggling with manufacturing woes.