"Wallstreet" Reader

"Wallstreet" Reader


Debt Investors Get a Jump on Moody's

Posted: 19 Sep 2012 07:12 PM PDT

As many investors brace for possible downgrades of Spain and Italy, some are already positioning themselves for the possible fallout in the countries' €180 billion ($234.9 billion) corporate-debt markets.

Chinese Official Warns Exports Will Stay Weak

Posted: 19 Sep 2012 08:00 PM PDT

A Chinese official painted a pessimistic outlook for the country's important export sector for the rest of the year, in the latest indication that the world's No. 2 economy could face further pressures.


Regulators Try to Beat Clock in Rate Probe

Posted: 19 Sep 2012 06:14 PM PDT

U.S. prosecutors are seeking more time to complete their investigation of alleged interest-rate fixing, while banks ensnared in the probe are trying to turn the clock to their advantage as they battle lawsuits claiming damages from rate-rigging.

High-Speed Trading in the Spotlight

Posted: 19 Sep 2012 07:32 PM PDT

Dave Lauer, who last year quit his job as a trader for an elite Chicago high-frequency trading outfit, plans to testify on Capitol Hill about how such firms employ practices that put ordinary investors at a disadvantage.

Japan Posts Another Trade Deficit

Posted: 19 Sep 2012 06:26 PM PDT

Japan posted its second-straight monthly trade deficit in August as exports fell from a year earlier, showing that slowing overseas growth continues to weigh.

Eighteen Charged in Tax-Fraud Case

Posted: 19 Sep 2012 04:12 PM PDT

Eighteen people were charged criminally Wednesday in schemes to obtain millions of dollars in fraudulent tax refunds by using the stolen identities of Puerto Rican citizens, the latest in a federal crackdown on the practice.

Tough Times Continuing at JC Penney

Posted: 19 Sep 2012 07:07 PM PDT

J.C. Penney CEO Ron Johnson essentially wrote off the rest of 2012 for the department store chain, saying the second half of the year would be just as painful as the first.

Restoration Hardware Plans $150 Million IPO

Posted: 19 Sep 2012 03:01 PM PDT

Restoration Hardware Holdings Inc. filed plans for an initial public offering of up to $150 million in common stock as the home-furnishings retailer looks to raise funds to repay debt.

Liberty Global to Bid for Telenet

Posted: 19 Sep 2012 08:00 PM PDT

Liberty Global is poised to bid for the 50% of Telenet Group of Belgium that it doesn't already own. The offer would value Telenet at about $5.2 billion.


Norfolk Southern Expects Earnings Below Street View

Posted: 19 Sep 2012 02:50 PM PDT

Norfolk Southern Corp. projected third-quarter earnings below analyst expectations, pointing to volume declines and lower revenues from fuel surcharges.

Google Expected to Surpass Facebook in Display-Ad Sales

Posted: 19 Sep 2012 07:39 PM PDT

Google is expected to surpass rival Facebook in selling online "display" advertisements in the U.S. this year, according to a new estimate by research firm eMarketer.


Salesforce.com Expands Offerings

Posted: 19 Sep 2012 03:58 PM PDT

Salesforce.com unveiled several new software products, moving to expand beyond its traditional sales-management offerings and defend its lead position in a fast-growing part of the industry.

AOL Names New CFO

Posted: 19 Sep 2012 01:43 PM PDT

AOL appointed former hedge-fund executive Karen Dykstra as chief financial officer, filling a vacant post.

JAL Makes Tepid Return to Market

Posted: 19 Sep 2012 04:19 PM PDT

Two years and eight months after its collapse into bankruptcy, Japan Airlines saw its shares creep up just 1.1% as investors used its debut as a chance to sell.

Bondholders Fire Salvo in Mortgage Battle

Posted: 19 Sep 2012 03:58 PM PDT

Bondholders began a formal effort to force Wells Fargo and Morgan Stanley to repurchase allegedly faulty loans from billions of dollars of mortgage-backed securities the banks issued as the housing bubble expanded.

Former Poker Executive Pleads Guilty

Posted: 19 Sep 2012 07:25 PM PDT

A former executive of Full Tilt Poker and PokerStars pleaded guilty to criminal charges in a scheme to conceal payments in order to skirt U.S. laws against online gambling.

Ex-CME Programmer Pleads Guilty to Stealing Trade Secrets

Posted: 19 Sep 2012 03:59 PM PDT

A former computer programmer for CME Group pleaded guilty to charges that he stole information from the futures exchange operator while pursuing plans to improve a trading platform in China.

Direct Edge-TMX Deal Talks Unravel

Posted: 19 Sep 2012 08:01 PM PDT

The top executive of Direct Edge Holdings said the U.S. stock-exchange operator isn't involved in any deal talks, signaling that efforts by Canada's TMX Group to acquire the firm have ground to a halt.


German Prosecutors Name H-P in Bribery Indictment of Employees

Posted: 19 Sep 2012 08:00 PM PDT

German prosecutors named Hewlett-Packard in a criminal bribery case against one current and two former employees, potentially exposing the computer maker to fines.


HTC Unveils Two Windows-Enabled Phones

Posted: 19 Sep 2012 01:31 PM PDT

HTC unveiled a pair of new smartphones based on Microsoft's Windows 8 operating system, the latest entrants into a crowded device market.