"Wallstreet" Reader

"Wallstreet" Reader

Weak China Data Weigh on Asian Markets

Posted: 02 Sep 2012 07:45 PM PDT

Asian markets were lower on Monday, as weak manufacturing data from China offset renewed hopes for stimulus measures in the U.S. Japan's Nikkei Average fell 0.4%.


U.K. Advances Planning Shake-Up

Posted: 02 Sep 2012 04:08 PM PDT

The U.K. government will introduce legislation over the next couple of weeks to speed up planning decisions and guarantee big infrastructure projects in an effort to get the recession-hit economy growing.

U.S. Steel, Union Reach Tentative Agreement

Posted: 02 Sep 2012 03:58 PM PDT

The United Steelworkers said late Sunday that the union has reached a tentative agreement on a three-year contract with United States Steel Corp. covering more than 16,000 workers at its U.S. facilities.

Rajoy: Banking Union Needs Resolution Tools

Posted: 02 Sep 2012 07:05 PM PDT

Spain's prime minister, Mariano Rajoy, Sunday urged his European Union counterparts to makes sure that tools to handle failed lenders are included in a planned region-wide banking union.

Euro's Rally Is at Risk as ECB Takes Center Stage

Posted: 02 Sep 2012 01:45 PM PDT

Currency investors will turn their attention to the European Central Bank's policy decision on Thursday.

Traders Dip Into Riskier Debt

Posted: 02 Sep 2012 01:49 PM PDT

There is a growing belief that euro-zone policy makers are set to lay out a plan of attack on the region's debt crisis.

France Bails Out Lender

Posted: 02 Sep 2012 03:39 PM PDT

The French government rushed to bail out a small, liquidity-starved lender, putting the country's capacity to support its financial sector to the test.

Bernanke Faces Skepticism Over Policy

Posted: 02 Sep 2012 01:42 PM PDT

Ben Bernanke was greeted with a heavy dose of skepticism in Jackson Hole, Wyo., as economists and central bankers wondered more openly than usual if the Fed had the tools to fix the problems of the day.

After Quiet Market Summer, Stormy Autumn Expected

Posted: 02 Sep 2012 05:36 PM PDT

Money managers say markets' surprising quiet—ahead of an autumn that looks set to be full of drama—masks uncertainty as they position portfolios to benefit from a potential rally but also to withstand shocks.

Firms Probed Over Tax Practice

Posted: 02 Sep 2012 05:23 PM PDT

The New York Attorney General is investigating a practice in the private-equity industry that involves converting certain fees into investments eligible for favorable tax treatment.

Fed Sets Stage for Stimulus

Posted: 02 Sep 2012 04:28 AM PDT

Bernanke sought to shoot down criticism of the Federal Reserve's easy-money policies and strengthen the case for new efforts by the central bank to bring down what he described as gravely high unemployment.