"Wallstreet" Reader

"Wallstreet" Reader


Asian Shares Up, JAL, BOJ in Focus

Posted: 18 Sep 2012 07:46 PM PDT

Asian markets were mostly higher before the conclusion of the Bank of Japan's policy meeting, while Japan Airlines shares opened higher upon their relisting debut in Tokyo. The Hang Seng rises 0.3%.

BAE Unit Wins U.S. Defense Contract

Posted: 18 Sep 2012 05:57 PM PDT

BAE Systems Hawaii has been awarded a $12 million contract by the Department of Defense, as speculation mounts about the future of the company's U.S. operations after U.K.-based parent BAE Systems PLC disclosed last week that it had opened merger talks with European Aeronautic Defence & Space Co.

Sports Giant, Part Owner of Lakers, Weighs Sale

Posted: 18 Sep 2012 06:41 PM PDT

Anschutz Corp. is considering a sale of Anschutz Entertainment Group, its powerhouse sports-and-entertainment subsidiary.

Boeing Engineers' Union Warns of Work Slowdown

Posted: 18 Sep 2012 06:04 PM PDT

Boeing's engineers' union expects some of its members to begin coordinated work slowdowns to protest the company's initial offer in contract talks, a move that could complicate the company's effort to ramp up jet production.

American's Flight Schedule Disrupted

Posted: 18 Sep 2012 05:47 PM PDT

American Airlines has encountered a sharp increase in late and canceled flight in the past few days, as it implements new concessionary labor contracts for most of its unions and cost-saving work rules for holdout pilots.

Miners Explore the Web

Posted: 18 Sep 2012 06:37 PM PDT

Sites such as MiningAssets.net and MinesOnline.com host online marketplaces that connect buyers and sellers of resources assets, filling a role traditionally played by small and midsize investment banks.


International Swaps Rules Likely Delayed

Posted: 18 Sep 2012 04:54 PM PDT

Long-awaited international rules to tighten the oversight of complex derivatives likely won't be in place by year end because regulators are squabbling about the details.

Are Stroke Drugs Better Than Stents?

Posted: 18 Sep 2012 07:00 PM PDT

A debate is taking place among physicians over whether drug therapies to prevent stroke have surpassed stents or carotid artery surgery as the best treatment for many patients with artery blockage in the neck.

Stalled Rally Puts Pressure on Spain

Posted: 18 Sep 2012 08:00 PM PDT

The European rally has ended, and now the waiting begins. Behind the stall is a paradox, one that involves an uncomfortable dance between Spain's prime minister, Mariano Rajoy, and ECB President Mario Draghi.


Investors Turn Gaze to Venezuela Election

Posted: 18 Sep 2012 06:39 PM PDT

Next month's presidential election has created a fervor among investors in the country's bonds but is ringing alarm bells for some.

Fed Officials Assess Central Bank's Action

Posted: 18 Sep 2012 06:12 PM PDT

A top Federal Reserve official expressed strong support for the central bank's latest efforts to invigorate the recovery, saying it can do more if necessary.

Blackstone to Buy Vivint for $2 Billion

Posted: 18 Sep 2012 03:37 PM PDT

Blackstone Group agreed to acquire Vivint, a provider of security and other services, in a $2 billion deal.

Goldman in Changing of the Guard

Posted: 18 Sep 2012 06:09 PM PDT

Goldman Sachs said Chief Financial Officer David Viniar will retire, with Harvey M. Schwartz, global co-head of the securities division, succeeding him.

Heineken Scores Deal With Rivals for Asian Brewer

Posted: 18 Sep 2012 05:54 PM PDT

Heineken scored a victory in its US$4.5 billion bid to acquire Fraser & Neave's entire 39.7% stake in Asia Pacific Breweries, after a potential opponent and a key shareholder announced support for the Dutch brewer's offer.

Bed Bath Goes Beyond Peers

Posted: 18 Sep 2012 07:21 PM PDT

Investors will look to Bed Bath & Beyond's second-quarter earnings report Wednesday to gauge how much longer the good times can last.


Akzo Nobel Chief Takes Leave

Posted: 18 Sep 2012 01:07 PM PDT

Akzo Nobel said its chief executive, Ton Büchner, plans to take several weeks of leave due to "temporary fatigue."

Rosneft Board Steps Down After Proposing Dividend Boost

Posted: 18 Sep 2012 10:21 AM PDT

The board of Russian oil giant Rosneft proposed more than doubling its 2011 dividend payment and announced it was stepping down.

British Royals Win Bid to Block Photos

Posted: 18 Sep 2012 10:44 AM PDT

A French court has issued an emergency ruling banning French gossip magazine Closer from publishing further topless photos of the Duchess of Cambridge.

South African Miners End Their Strike

Posted: 18 Sep 2012 06:18 PM PDT

Striking miners have accepted a 22% wage increase and will return to work on Thursday, signaling the end of a deadly and destabilizing labor conflict in South Africa.

Fiat CEO: Won't Abandon Italy

Posted: 18 Sep 2012 02:26 PM PDT

Fiat CEO Sergio Marchionne said in published remarks he is not giving up on Italy and is expected to meet on Saturday with Italy's prime minister to ease fears that the auto maker may abandon its home country for better prospects overseas.