"Wallstreet" Reader

"Wallstreet" Reader

U.S. Says it Will Ease Myanmar Import Ban

Posted: 26 Sep 2012 07:53 PM PDT

Secretary of State Hillary Clinton Wednesday said the U.S. would begin the process of easing a long-standing import ban on Myanmar, providing a boost to President Thein Sein.

Airlines Entertain Tablet Ideas

Posted: 26 Sep 2012 08:09 PM PDT

Some airlines are lending or renting iPads and other tablets, as well as experimenting with video streaming, to upgrade their in-flight entertainment service without the expense of typical wired systems.

RIM Courts App Makers

Posted: 26 Sep 2012 08:12 PM PDT

BlackBerry maker RIM touted partnerships with Twitter and Facebook as the struggling company prepares to report its second quarter earnings.

The CEOs Behind Air-Deal Talks

Posted: 26 Sep 2012 05:48 PM PDT

A combination of EADS and BAE would bring together two different aviation businesses led by two equally different chief executives: Enders and King.

Starbucks Aims to Invade Nordic Region

Posted: 26 Sep 2012 04:44 PM PDT

After decades of virtually ignoring the highest coffee-consumption market in the world, Starbucks's Europe chief is looking to give a swift and substantial jolt to the coffee giant's tiny presence in the pricey Nordic region.

Schapiro Lieutenants Depart From SEC

Posted: 26 Sep 2012 06:05 PM PDT

In recent months, several senior officials have left the SEC or the chairman's office, which has fueled speculation that Schapiro could step down as well.

Dish Adds a Broadband Service

Posted: 26 Sep 2012 04:23 PM PDT

Dish Network is adding a satellite broadband service called dishNET that will target rural customers with little or no current Internet access.

Senior Auditor Departs National Futures Association

Posted: 26 Sep 2012 01:58 PM PDT

The director of audits and investigations for the National Futures Association has departed, as the derivatives industry's self-regulatory body seeks to tighten oversight of firms and assume oversight of the huge swaps trading market.

TPG Founder Upbeat on China, Not on Japan

Posted: 26 Sep 2012 01:56 PM PDT

David Bonderman, co-founder of private-equity firm TPG, sees starkly differing prospects for his industry in Asia, from fast-growing China, where he says prices look attractive, to Japan, where finding desirable deals remains tough.

New Labor Attitudes Fed Into China Riot

Posted: 26 Sep 2012 07:09 PM PDT

Workers at China's huge Foxconn factory said tensions over strict rules helped spur this week's rioting, in events that raise questions about the sustainability of China's manufacturing machine.

Google's Brazil Chief Detained

Posted: 26 Sep 2012 07:00 PM PDT

Brazil's police briefly detained the head of Google Inc.'s local operations after the company failed to act on a judge's order to remove videos criticizing a politician from its YouTube site.

Fiat Asks Court to Set Chrysler Value

Posted: 26 Sep 2012 04:01 PM PDT

Italian auto maker Fiat said it asked a U.S. court to resolve a dispute over the price it must pay a retiree health care trust for shares in Chrysler after the two sides differed on terms of a contract.

Spain Scare Roils Markets

Posted: 26 Sep 2012 08:05 PM PDT

Spain's prospects of avoiding a government bailout appeared to recede as pessimism pervaded the country's financial markets and pushed its borrowing costs higher.

Dean Foods Explores Sale of a Second Unit

Posted: 26 Sep 2012 01:01 PM PDT

Dean Foods is exploring a sale of its Morningstar dairy business, the smallest of its three segments. The move indicates a greatly slimmed down company, as Dean already is looking to spin off another unit.

Bumi Resources Responds to Investigation

Posted: 26 Sep 2012 05:30 PM PDT

Bumi Resources offered its first official response to news that key shareholder Bumi PLC is investigating possible financial and other irregularities at its Indonesian operations.

EU Lawmakers Call for Delay on High-Frequency Trades

Posted: 26 Sep 2012 12:17 PM PDT

European lawmakers want trading venues and exchanges to impose a minimum half-second delay on executing orders in a bid to temper excessive market volatility.

U.K. Arrests Ex-Credit Suisse Banker

Posted: 26 Sep 2012 06:26 PM PDT

U.K. authorities arrested a former Credit Suisse Group investment banker on U.S. allegations that he and others at the bank conspired to inflate the values of mortgage bonds during the financial crisis.

Lexus Rules Out Run for Luxury Crown

Posted: 26 Sep 2012 12:28 PM PDT

A Lexus executive ruled out the brand's run for the title of best-selling U.S. luxury car this year after losing the title a year ago and falling to third place behind BMW and Mercedes.

Renault, Hyundai Add to Europe Gloom

Posted: 26 Sep 2012 11:21 AM PDT

Renault and Hyundai said the European car market is contracting faster than they had expected, adding to the gloom that threatens to overshadow this week's glitzy Paris motor show.

SEC Looks for 'Kill' Switches

Posted: 26 Sep 2012 06:06 PM PDT

U.S. regulators have launched a sweeping review of the systems brokerages and trading firms use to place orders, including how firms can override their automated computer systems and turn them off.