"Wallstreet" Reader

"Wallstreet" Reader

China Unrest Hits Hong Kong, Japan Stocks

Posted: 17 Sep 2012 08:17 PM PDT

Asian markets were mostly lower Tuesday, with certain stocks in Japan and Hong Kong down due to anti-Japan protests in China. The HSI falls 0.1%.

GE Feels Its Own Cuts

Posted: 17 Sep 2012 05:52 PM PDT

As GE employees and other U.S. workers pay more out of pocket for their health bills, the use of medical imaging has slowed.

Indian Central Bank Skips Rate Cut

Posted: 17 Sep 2012 08:12 PM PDT

The Reserve Bank of India declined Monday to cut interest rates despite the government's moves last week to pare its deficit and let in more foreign investment.

Apple: iPhone Set New Sales Record

Posted: 17 Sep 2012 06:07 PM PDT

Apple said customers placed more than 2 million preorders for the iPhone 5 on the first day it was available, doubling previous results and exceeding initial supply of the smartphone.

Why Wi-Fi Is Often Slow

Posted: 17 Sep 2012 05:47 PM PDT

While Internet services tout high-speed Web access, many home Wi-Fi networks significantly reduce the bandwidth speed available.

Standard Chartered Is Upbeat

Posted: 17 Sep 2012 03:30 PM PDT

Standard Chartered gave an upbeat presentation to investors, predicting global trade will pick up next year, though the lender steered clear of mentioning its alleged breach of U.S. sanctions.

Japanese Firms Hunker Down in China

Posted: 17 Sep 2012 04:46 PM PDT

Some Japanese firms shut down their factories, advised their employees to stay at home and closed their shops, reeling from anti-Japan protests that struck parts of China over the weekend.

Liberty Media Moves Closer to Gaining Control of Sirius XM

Posted: 17 Sep 2012 02:49 PM PDT

Liberty Media has converted nearly half of its preferred shares in Sirius XM to common stock, taking another step toward outright control of the satellite-radio company.

Some Dividend Stocks Get Fresh Look

Posted: 17 Sep 2012 05:10 PM PDT

Investors are homing in on stocks of companies that are likely to keep raising their dividends at a fast clip.

Okada Releases Letter to Wynn Resorts

Posted: 17 Sep 2012 01:46 PM PDT

Kazuo Okada, the Japanese businessman embroiled in a protracted battle with casino mogul Steve Wynn, on Monday made public a letter to shareholders of Mr. Wynn's Wynn Resorts that said investors have lost confidence in the company's management and the board.

Canadian Auto Union Has Deal With Ford

Posted: 17 Sep 2012 07:26 PM PDT

The Canadian Auto Workers union said it reached a tentative agreement on a new, four-year labor contract with Ford Motor that it hopes to extend to General Motors and Chrysler.

Learning Tree CEO Makes Go-Private Offer

Posted: 17 Sep 2012 01:09 PM PDT

Learning Tree's chief executive and his wife have offered to take the education company private in a deal that values it at $69.2 million.

Ford Aims to Stir Buzz for New Sedan

Posted: 17 Sep 2012 01:01 PM PDT

Ford executives are fanning out across the U.S. to generate buzz for the auto maker's new Fusion sedan, which faces tough competition from restyled Honda, Toyota, GM and Nissan midsize cars.

Time Warner Cable to Sell Clearwire Stake

Posted: 17 Sep 2012 05:01 PM PDT

Time Warner Cable is planning to sell its entire 7.8% stake in struggling mobile-broadband provider Clearwire.

Electrolux Upbeat on U.S. Housing Recovery

Posted: 17 Sep 2012 11:41 AM PDT

The American chief executive of Electrolux said a recovering U.S. housing market will prove a boon to home appliance makers.

IAG Chief Backs Multiple Alliances for Members

Posted: 17 Sep 2012 11:46 AM PDT

The head of British Airways' parent said future members of Europe's third-largest airline group are welcome to seek deals outside the Oneworld global marketing pact.

Crude Oil's Quick Fall Leaves Trail of Queries

Posted: 17 Sep 2012 07:05 PM PDT

Crude prices dropped more than $3 in less than a minute, leaving traders confused and regulators seeking answers.

Burberry CEO Sticks With Strategy

Posted: 17 Sep 2012 04:30 PM PDT

Burberry CEO Angela Ahrendts said the fashion house isn't shifting course, despite its surprise profit warning last week.

Turkey Prepares to Sell Its First Islamic Bond

Posted: 17 Sep 2012 01:44 PM PDT

Turkey is gearing up to sell its first bond compliant with Islamic law, targeting emerging-market investors as the country tries to diversity its funding sources.

Lenders Go After Harbinger

Posted: 17 Sep 2012 05:11 PM PDT

A group of LightSquared's lenders want permission to go after Phil Falcone's Harbinger Capital Partners for a loan the hedge-fund manager made to LightSquared last year.