"Wallstreet" Reader

"Wallstreet" Reader

Italy to Work With Fiat on Exports

Posted: 22 Sep 2012 04:20 PM PDT

Italy's government vowed to help Fiat become more competitive in exporting cars outside Europe after the auto maker reiterated its intention to stay in the country, dismissing fears of factory closures and mass layoffs.

Pension Crisis Looms Despite Cuts

Posted: 21 Sep 2012 08:15 PM PDT

Almost every state in the U.S. has made cuts to its public-employee pensions,but the measures have fallen short of bridging a nearly $1 trillion funding gap.

IMF Slams Lack of Competition in Greek Fuel Market

Posted: 22 Sep 2012 01:22 PM PDT

Lack of competition in Greece's oil-refining industry is costing consumers more than $1 billion a year, according to an IMF report, an indication of structural problems that many economists say hobble Greece's chances of recovery.

Senate Passes Bill Against EU Airline-Emissions Plan

Posted: 22 Sep 2012 09:27 AM PDT

The U.S. Senate on Saturday passed a bill that could see the country's airlines snub the European Union's controversial plan to charge carriers for aircraft emissions on flights to and from the region.

No Sign of Rebound in China: Central Banker

Posted: 22 Sep 2012 04:27 PM PDT

China's economy hasn't shown any signs of rebounding in the third quarter, and domestic investment is unlikely to expand dramatically in the short term, a central bank adviser said.

Wildcatter Hunts Next Gusher

Posted: 21 Sep 2012 07:56 PM PDT

On the national scene, wildcatter Harold Hamm has arrived. But on Wall Street, his company, Continental Resources, is facing questions about whether it can continue trouncing the competition.

Discover to Make Refunds to Settle Probe

Posted: 21 Sep 2012 06:11 PM PDT

Discover Financial Services will pay $214 million to settle a federal probe of its sales of credit-protection products, the add-on services that have drawn regulatory scrutiny of large credit-card lenders.

Leuliette Poised to Be Visteon CEO

Posted: 21 Sep 2012 07:07 PM PDT

Former Dura Automotive CEO Timothy Leuliette is expected to be named permanent CEO at auto parts maker Visteon.

U.S. Drops Efforts to Collect 2003 Indecency Fine From Fox

Posted: 21 Sep 2012 03:45 PM PDT

The Obama administration dropped efforts to collect a fine from Fox Television Stations for a 2003 TV episode that featured pixilated images of strippers and whipped cream.

Global Sales of iPhone Kick Off

Posted: 22 Sep 2012 08:28 AM PDT

Customers world-wide began snapping up Apple's iPhone 5 amid signs of strong demand for the high-profile handset, despite widening controversy over its mapping features.

Japan Fund Weighs Renesas Bid

Posted: 22 Sep 2012 08:42 AM PDT

An investment fund backed by the Japanese government is considering joining a team of domestic blue-chip companies to buy a majority stake in struggling Renesas Electronics, in order to stymie a bid from U.S. investment firm KKR.

Apple Asks Judge for More From Samsung

Posted: 22 Sep 2012 03:26 AM PDT

Apple asked the judge in its U.S. patent case with Samsung to raise the $1 billion jury award by $707 million, while Samsung asked her to reduce it greatly and order a new trial.

Senate Passes $500 Billion Funding Bill

Posted: 21 Sep 2012 11:42 PM PDT

In their last act in Washington before the Nov. 6 elections, Senate lawmakers approved a roughly $500 billion bill to fund the federal government for six months from Oct. 1.