"Wallstreet" Reader

"Wallstreet" Reader

How Bernanke Pulled the Fed His Way

Posted: 27 Sep 2012 07:47 PM PDT

Ben Bernanke's high-stakes plan to restart the lumbering U.S. economy took shape in an intense flurry of behind-the-scenes discussions between him and Fed colleagues in the days before a crucial September meeting.

Myanmar Awaits Sanction-Lift Effect

Posted: 27 Sep 2012 07:34 PM PDT

The U.S. decision to lift a ban on exports from Myanmar could help the country become the next low-cost manufacturing hub, but business leaders say it will be a long time before meaningful benefits are seen.

Japan Industrial Output Down

Posted: 27 Sep 2012 06:15 PM PDT

Japan industrial production fell a steeper-than-expected 1.3% in August from a month earlier, while the consumer price index remains in negative territory, indications the economy may be slowing more than expected.

Libor Furor: Key Rate Gets New Scrutiny

Posted: 27 Sep 2012 07:00 PM PDT

An analysis by The Wall Street Journal shows that banks' submissions used to calculate the London interbank offered rate often are slow to change and sometimes fail to track the market's view of the credit risk posed by each firm.

Second-Hand iPhones a Boon for Resellers

Posted: 27 Sep 2012 02:20 PM PDT

Apple's latest iPhone is seeing strong demand around the world, but desire for older versions is leading to rapid growth for companies that deal with the used device

Google Blocks Political Video in Brazil

Posted: 27 Sep 2012 05:38 PM PDT

Google said it blocked a Brazilian political video from its YouTube site, a day after that country's Federal Police detained the head of the Internet giant's Brazilian operations for refusing a court order to do so.

Swing States a Tough Sell for Romney

Posted: 27 Sep 2012 04:31 PM PDT

Mitt Romney and President Barack Obama are running neck and neck in North Carolina and Nevada, according to a new WSJ/NBC News/Marist Poll, while Mr. Romney faces an uphill battle to win New Hampshire.


Anti-Islam Filmmaker Is Arrested

Posted: 27 Sep 2012 04:14 PM PDT

Federal authorities in Los Angeles on Thursday arrested a man they believe was behind a video clip insulting to Muslims, Nakoula B. Nakoula, alleging he violated terms of his probation on an earlier federal charge.


U.K. Unveils Plans For Libor Overhaul

Posted: 27 Sep 2012 05:06 PM PDT

A top British regulator is calling for a sweeping overhaul of Libor, including removing it from control of a banking-industry group.

A New Twist to Early 'Lockup' Release

Posted: 27 Sep 2012 04:54 PM PDT

Trulia is at least the third IPO since last year to link its stock price to whether its pre-IPO investors can sell shares early.

RIM Beats Expectations; Shares Up 16%

Posted: 27 Sep 2012 06:41 PM PDT

RIM posted its third straight quarterly loss. but the BlackBerry maker's revenue and operating loss came in significantly better than expectations.

Securities Fraud Lawsuit Dismissed Against Freddie Mac

Posted: 27 Sep 2012 01:05 PM PDT

The ruling over a class-action lawsuit that contended that Freddie Mac made misleading statements about its exposure to risky loans may be a negative harbinger for a case that the SEC has pending against former executives at Freddie and its sibling, Fannie Mae.

Board Updates Finding on GE Engine Failure on 747

Posted: 27 Sep 2012 01:53 PM PDT

U.S. safety officials investigating problems with new General Electric aircraft engines said a failure on a Boeing 747-8 this month differed from an earlier incident and an inspection finding, though they have yet to determine the exact cause.

South Africa's Rating Cut on Stability Worry

Posted: 27 Sep 2012 06:21 PM PDT

Moody's Investors Service cut South Africa's debt rating and retained its negative outlook, as the country's leadership struggles to maintain economic and political stability.

New Zealand Apologizes to Kim Dotcom

Posted: 27 Sep 2012 07:44 PM PDT

New Zealand's prime minister apologized to Kim Dotcom, founder of file-sharing website Megaupload.com, after an investigation found that the government intercepted his communications illegally.

Nike's Profit Declines 12%

Posted: 27 Sep 2012 03:25 PM PDT

Nike's run is slowing down after two years of strong profits that were buoyed by a spate of new products and a sales lift from the Summer Olympics and Euro 2012 football championship.

GE's Immelt Is Upbeat on Sales

Posted: 27 Sep 2012 07:20 PM PDT

General Electric chief Jeff Immelt issued an upbeat outlook for sales in the company's industrial businesses, thanks to booming aircraft-engine sales, rising medical-device orders in emerging markets and a growing oil and gas business.

Chinese Steel Mill Halts Output

Posted: 27 Sep 2012 02:41 PM PDT

Baoshan Iron & Steel suspended production at a plant making products for the shipbuilding and oil industries, signaling the pressure that China's economic slowdown is putting on the world's largest steel sector.

Sinopec Halts Three Units

Posted: 27 Sep 2012 06:49 PM PDT

Sinopec ordered three of the Chinese energy company's units to halt production after a state television report accused them of posing environmental hazards.

Nike's Profit Declines 12%

Posted: 27 Sep 2012 03:25 PM PDT

Nike's run is slowing down after two years of strong profits that were buoyed by a spate of new products and a sales lift from the Summer Olympics and Euro 2012 football championship.