"Wallstreet" Reader

"Wallstreet" Reader


Central Banks' Moves Lift Asian Shares

Posted: 20 Sep 2012 07:56 PM PDT

Asian markets climbed on Friday, as recent central bank moves continued to help sentiment, while Sharp shot up in Tokyo on news of a possible capital alliance with Intel. The Hang Seng is up 0.8%.


Canadian Auto Workers Union Reaches Pact With GM

Posted: 20 Sep 2012 07:56 PM PDT

The Canadian Auto Workers union said it has reached a new labor contract with GM, leaving just Chrysler at the bargaining table.


Panel Targets Corporate-Tax Loopholes

Posted: 20 Sep 2012 07:09 PM PDT

Microsoft and H-P used accounting strategies to hold down their U.S. tax bill while shifting profits in and out of the country, a Senate panel said.

After Spill, Gulf Oil Drilling Rebounds

Posted: 20 Sep 2012 06:19 PM PDT

After a steep drop in oil production in the wake of the Deepwater Horizon disaster, the U.S. Gulf of Mexico is set for an energy boom boosted by new projects by BP and others.

Apple Makes a Wrong Turn With Maps

Posted: 20 Sep 2012 06:01 PM PDT

Apple made a rare strategic blunder in unseating Google's map software from its mobile devices, sparking a world-wide consumer backlash.

Funds Leap Beyond Their Benchmarks

Posted: 20 Sep 2012 06:43 PM PDT

With bond yields shrinking, many mutual funds have found a way to look better: Invest in riskier bonds but continue to measure the funds' performance against benchmarks composed of safer investments.

A Fed Hawk Urges More Action on Rates

Posted: 20 Sep 2012 06:11 PM PDT

Fed regional bank president Narayana Kocherlakota said the central bank should respond to high unemployment with low rates for even longer.

U.S. Seeks to Boost Laundering Net

Posted: 20 Sep 2012 06:20 PM PDT

U.S. regulators are proposing to enlist companies across the financial sector—and possibly beyond—as a front-line defense against money laundering.

Key Barclays Officer Left for New Bank

Posted: 20 Sep 2012 07:03 PM PDT

The top compliance officer for Barclays Capital, who was warned about possible rate fixing, is now head of compliance at TD Bank.

James Murdoch Will Oversee Portion of Fox

Posted: 20 Sep 2012 07:16 PM PDT

News Corp. is planning to give James Murdoch oversight of the Fox Networks Group, which includes Fox broadcast network and cable networks such as FX.

Moms May Benefit From Credit-Card Rule Fix

Posted: 20 Sep 2012 12:23 PM PDT

A federal agency is aiming to fix a rule that's making it difficult for spouses without their own incomes to get a credit card.

Music Firm Strikes New Radio-Royalty Deal

Posted: 20 Sep 2012 02:25 PM PDT

Independent Nashville music company Big Machine Label Group struck a deal to collect royalties when its artists' songs are played on radio stations owned by Entercom Communications, the second big broadcaster to enter such an arrangement with Big Machine.

France to Review Findings on Corn

Posted: 20 Sep 2012 07:55 PM PDT

France ordered its food-safety agency to quickly review a study suggesting that a genetically modified corn made by Monsanto might cause cancer, saying it would seek an immediate ban on EU imports of the crop if the findings were deemed conclusive.


Pangs of Bloat Hit Some Chinese Shares

Posted: 20 Sep 2012 05:56 PM PDT

Investors are staying away from some materials and consumer stocks as excess capacity and slowing demand is showing up in stockpiles of unwanted goods.

New Chief Named at HBO

Posted: 20 Sep 2012 05:40 PM PDT

Time Warner named Richard Plepler as CEO of its Home Box Office premium movie channel unit. He was part of a team that helped revive the channel after a creative slump.

Japanese Mobile-Game Firms Look Abroad

Posted: 20 Sep 2012 05:54 PM PDT

Japanese mobile-videogame companies such as Gree and DeNA are looking to move into overseas markets where so-called social games are shifting from personal computers to smartphones.

Xstrata Meets on Glencore Bid

Posted: 20 Sep 2012 07:04 PM PDT

Glencore International's seven-month quest to seal a merger deal with Xstrata is nearing a climax, with expectations building that Xstrata's board will endorse Glencore's latest proposal.

South Africa Holds Rates Steady

Posted: 20 Sep 2012 07:07 PM PDT

South Africa's labor unrest has thrown a wrench into government efforts to boost Africa's largest economy, as the government lowered its growth projection and left its key interest rate unchanged.

Two Chrysler Workers Dead

Posted: 20 Sep 2012 12:38 PM PDT

Two employees of a Chrysler auto assembly plant in Detroit died on Thursday after a morning altercation at the factory.

Publicis Offers to Buy Digital Agency LBi

Posted: 20 Sep 2012 12:33 PM PDT

Publicis, the French advertising group, is offering to buy LBi International, a Dutch digital-ad agency, for $543 million.