"Wallstreet" Reader

"Wallstreet" Reader


Asian Shares Mostly Up

Posted: 16 Sep 2012 07:55 PM PDT

Asian stocks were mostly moderately higher Monday, relaxing after Friday's sharp gains, while the South Korean won touched an over six-month high against the dollar. The Hang Seng Index rose 0.2%.


Dolans, Ergen Take Old Spat to Court

Posted: 16 Sep 2012 05:30 PM PDT

A yearslong legal battle between Cablevision and Charlie Ergen's Dish Network now goes to trial in state court in New York.

Singapore's Exports Fall

Posted: 16 Sep 2012 07:20 PM PDT

Singapore posted a larger-than-expected 10.6% decline in exports in August, following six straight months of modest expansion.

Brazil to Liquidate Troubled Lender

Posted: 16 Sep 2012 05:29 PM PDT

Banco Cruzeiro do Sul would be the third small or midsize Brazilian bank to fail in two years. Most customer deposits will be covered by the country's deposit-insurance program.

The Return of the Winklevoss Twins

Posted: 16 Sep 2012 06:15 PM PDT

The Winklevoss twins, famed for their litigation with Mark Zuckerberg over the founding of Facebook, are using some of their settlement money to invest in another social-network site, this one for professional investors.

Exchanges Face SEC Scrutiny on New Products

Posted: 16 Sep 2012 05:19 PM PDT

Exchanges are bracing for greater scrutiny from the top U.S. securities regulator as it clamps down on their efforts to bolster profits by pumping out products that increasingly have catered to high-speed traders.


Zynga Files Countersuit Against EA

Posted: 16 Sep 2012 03:33 PM PDT

Zynga has countered a copyright-infringement lawsuit from Electronic Arts with its own allegations that EA sought a potentially illegal agreement to avoid poaching each others' employees.

H-P Tries On a Sleeker Look

Posted: 16 Sep 2012 07:17 PM PDT

Hewlett-Packard Chief Executive Meg Whitman has ordered more emphasis on product design, part of her push to turn around the big tech company. A new line of PCs due out for the holidays will be the first fruits of those efforts.

High Court Clerks Attract Hiring Frenzy

Posted: 16 Sep 2012 05:59 PM PDT

The job market may be grim for most young lawyers, but these are boom times for the select few who spend a year as a Supreme Court law clerk.

Deal Promises Lagardère an Exit

Posted: 16 Sep 2012 06:42 PM PDT

Airbus parent European Aeronautic Defence & Space's potential merger with BAE Systems would bring a chance to replace EADS Chairman Arnaud Lagardère, as well as give the French media mogul's Lagardère SCA an opportunity to sell its 7.5% EADS stake.

Improving Kingfisher's Bottom Line

Posted: 16 Sep 2012 03:35 PM PDT

Ian Cheshire, CEO of Europe's biggest DIY retailer, sees big savings from centralizing its stock-buying across national borders.

CAW to Focus on Ford Talks

Posted: 16 Sep 2012 06:43 PM PDT

The Canadian Auto Workers union plans to focus on its contract talks with Ford The breakthrough in talks with the three Detroit auto makers reduces the threat of the auto workers' first strike in 15 years.

China Holds Key to Cotton Prices

Posted: 16 Sep 2012 05:29 PM PDT

Chinese purchases of U.S. and global cotton have kept the market afloat for almost a year, but U.S. forecasters say that demand is tapering off.

For Mexico, an Edge on China

Posted: 16 Sep 2012 04:27 PM PDT

China's rising wages and slowing growth present a chance for Mexico to wrest back some of the business that chased cheap labor across the Pacific in the past decade, when Chinese wages averaged a quarter of Mexican pay.

Yield-Starved Investors Snap Up Riskier MLPs

Posted: 16 Sep 2012 07:19 PM PDT

Private-equity firms are turning assets such as gas stations and coal mines into a type of investment known as master limited partnerships that offer yields as high as 19%. Some say these new MLPs carry more risk than their predecessors did.

Wanted in Europe: Truck Drivers

Posted: 16 Sep 2012 04:18 PM PDT

Road-haulage operators across Europe are finding it difficult to recruit enough drivers for the vehicles on which much of the region's trade still depends.

Daiwa Lifts Curtain on Insider Allegations

Posted: 16 Sep 2012 05:04 PM PDT

A previously unseen report from Daiwa Securities Group shows the extent of the rush inside brokerage to allegedly provide clients market-sensitive information and, more broadly, opens a window on the environment that allowed widespread insider trading in Japan.

'Resident Evil' Captures Box Office

Posted: 16 Sep 2012 11:46 AM PDT

"Resident Evil: Retribution" grossed $21.1 million from 3,012 North American locations for a No. 1 opening, while "The Master" earned an impressive $729,745 from just five locations.

Nicki Minaj, Keith Urban Join 'American Idol'

Posted: 16 Sep 2012 05:10 PM PDT

Rapper Nicki Minaj and country singer Keith Urban will join "American Idol" as judges.

India Faces Fight Over Foreign Firms

Posted: 16 Sep 2012 04:32 PM PDT

India's attempts to boost its economy by allowing greater foreign participation have sparked protests across the political spectrum, a sign of the battles ahead for the ruling Congress party.