"Wallstreet" Reader

"Wallstreet" Reader

Merck Settles Coppertone Sunscreen Lawsuit

Posted: 25 Sep 2012 06:58 PM PDT

Merck agreed to pay between $3 million and $10 million to settle a long-standing class-action suit involving Coppertone sunscreen, which the drug maker inherited when it acquired rival Schering-Plough in 2009.

Cyberattack Disrupts Wells Fargo Websites

Posted: 25 Sep 2012 06:25 PM PDT

Cyberattackers disrupted websites operated by Wells Fargo, continuing a string of attacks that started last week at J.P. Morgan and Bank of America.

Gold Futures Eke Out Gains

Posted: 25 Sep 2012 04:37 PM PDT

Gold futures held onto modest gains Tuesday following reports of increased bullion purchases by central banks.

Santander's Mexican Unit Prices IPO Shares

Posted: 25 Sep 2012 05:49 PM PDT

Shares in Grupo Financiero Santander Mexico were priced in Mexico City at 31.25 Mexican pesos, or about $2.42 each, the middle of the proposed price range.

Regulator Sees Flaws in Credit-Score Information

Posted: 25 Sep 2012 03:03 PM PDT

The Consumer Financial Protection Bureau said one in five consumers are likely to obtain a credit score that's "meaningfully different" from what a creditor will use to price a loan.

Consumers Back to Feeling Flush

Posted: 25 Sep 2012 06:10 PM PDT

Consumers increased their average annual spending by 3.3% last year, the fastest rate since 2006, according to a Labor Department report.

IBM CEO Rometty to Add Chairman's Role

Posted: 25 Sep 2012 02:11 PM PDT

International Business Machines Corp. said President and CEO Virginia M. Rometty will take on the added title of chairman, as Samuel J. Palmisano retires.

J.K. Rowling Book Gets Two-Million Copy Print Run

Posted: 25 Sep 2012 06:34 PM PDT

Two million copies of J.K. Rowling's new adult novel, "The Casual Vacancy," will be printed in preparation for its Thursday debut. While that is nothing next to her Harry Potter books, it is Hachette's largest print run of the year.

Day-Trading Firm Fined Over Deceptive Trading

Posted: 25 Sep 2012 02:43 PM PDT

U.S. regulators levied one of the largest penalties on record for manipulative computerized trading against Hold Brothers On-Line Investment Services.

Spanish Leader Outlines Fresh Overhauls

Posted: 25 Sep 2012 05:42 PM PDT

The Spanish government will restrict programs that make it possible for people to take early retirement as part of coming overhauls that seek to rein in the country's debt and revive its embattled economy.

Schmidt: Apple Should Have Kept Google Maps

Posted: 25 Sep 2012 07:28 PM PDT

Google's popular mapping application likely won't migrate to Apple's iPhone 5 anytime soon, the search giant's Executive Chairman Eric Schmidt said.

Marchionne Puts Focus on Italy

Posted: 25 Sep 2012 06:44 PM PDT

Marchionne urged Fiat's managers to see their home country as an export hub, saying it was the only way for the Italian auto maker to respond to declining European sales.

Housing Market Shows Signs of Life

Posted: 25 Sep 2012 07:18 PM PDT

Home prices notched their strongest year-to-date gains since 2005, climbing 5.9% through July and signaling the housing market's steady trudge toward recovery.

Russia Suspends Use of Genetically Modified Corn

Posted: 25 Sep 2012 11:25 AM PDT

Russia's consumer-rights watchdog said it has suspended the import and use of a genetically engineered corn made by Monsanto following a study's findings that suggested the crop might cause cancer.

Peregrine CEO Says Estimate of Missing Money Is Too High

Posted: 25 Sep 2012 12:36 PM PDT

Russell Wasendorf Sr., the disgraced chief executive of Peregrine Financial Group, is disputing U.S. government investigators' estimate of how much customer money was lost in a years-long fraud.

Ford Will Trim Staff in Europe

Posted: 25 Sep 2012 01:40 PM PDT

Auto maker Ford plans to lay off a few hundred salaried workers at its European unit and reduce the number of contract workers to lower expenses in the money-losing region.

Carnival Profit Slips

Posted: 25 Sep 2012 10:09 AM PDT

Carnival's fiscal third-quarter earnings slipped as the cruise-ship operator said cost controls and lower fuel consumption helped offset lower ticket prices.

Consumer Confidence Stable in Germany

Posted: 25 Sep 2012 12:23 PM PDT

Surveys of consumer confidence in Germany and Italy suggest that action by European leaders to try to end the debt crisis is filtering through to the public.

U.K. Group to Give Up Libor Oversight

Posted: 25 Sep 2012 06:30 PM PDT

The British Bankers' Association is preparing to give up responsibility for the London interbank offered rate, the scandal-plagued benchmark interest rate that the group once called "the world's most important number."

Euro Zone Considers Central Budget

Posted: 25 Sep 2012 04:47 PM PDT

Euro-zone governments have begun discussions over creating a central budget that could help smooth over some of the economic divergences after Germany indicated support for the idea, officials said.