"Wallstreet" Reader

"Wallstreet" Reader


Start-Up Takes Aim at Rising Phone Bills

Posted: 30 Sep 2012 08:00 PM PDT

A start-up called FreedomPop is set to launch a wireless data service that promises to save customers hundreds of dollars a year.


Military Transporter Southern Air Files for Bankruptcy

Posted: 30 Sep 2012 06:48 PM PDT

Military cargo airline Southern Air filed for bankruptcy protection because its revenue has been plummeting as the U.S. withdraws its forces from Afghanistan.

Many Feed Off Penney Overhaul

Posted: 30 Sep 2012 08:01 PM PDT

Plenty of people are cashing in on J.C. Penney's overhaul of its stores—just not the company's shareholders.


Rule That Whipsaws Bank Earnings to Be Eased

Posted: 30 Sep 2012 05:25 PM PDT

Accounting rule makers are on the verge of rolling back a widely assailed provision that counterintuitively adds to U.S. banks' profits when their debt looks riskier to investors and penalizes them when it looks safer.

Busy Week For IPOs

Posted: 30 Sep 2012 04:09 PM PDT

Collectively, the coming week's six deals—the most since late July—are expected to raise just over $1 billion, according to Dealogic. Dave & Buster's and LifeLock highlight the list of launches.

Euro Faces Rocky Week On Growth, ECB Decision

Posted: 30 Sep 2012 04:51 PM PDT

The euro's fate next week is closely linked to renewed concerns over growth in euro-zone countries and the potential for a rate cut from the European Central Bank.

Newly Frugal Dynegy Could Become Target

Posted: 30 Sep 2012 07:24 PM PDT

Energy producer Dynegy is set to leave bankruptcy protection on Monday as a much leaner company but perhaps one more vulnerable to a takeover.

British Banks Face Heat From on High

Posted: 30 Sep 2012 04:42 PM PDT

The beleaguered British banking industry has faced angry politicians, regulators and consumers. This fall, a new player has joined the inquisition: a bespectacled bishop wearing a cross made of nails.

Deutsche Börse Eyes Currency-Futures Challenge To CME

Posted: 30 Sep 2012 04:18 PM PDT

Deutsche Börse is considering a return to offering currency futures contracts in an effort to outmaneuver its largest rival, CME Group, as competition in the sector shifts from the U.S. to Europe.

Fed Move Could Aid Emerging Markets

Posted: 30 Sep 2012 04:36 PM PDT

The Federal Reserve's quantitative-easing program is unpopular across most emerging markets, but the latest round should prove far less contentious than earlier ones.

'Hotel Transylvania' Tops Box Office

Posted: 30 Sep 2012 07:14 PM PDT

In the first bright spot following a dismal summer season for Hollywood, animated family film "Hotel Transylvania" took in $43 million at the box office, according to early studio estimates, earning the top spot during a weekend of several new releases.


First Reserve, Triangle Form Pipeline Venture

Posted: 30 Sep 2012 04:12 PM PDT

First Reserve and Triangle Petroleum formed a venture to build pipelines in North Dakota.

Orange Juice Gets Squeezed

Posted: 30 Sep 2012 05:25 PM PDT

Orange-juice futures tumbled 9.4% last week as investors exited from seasonal bets that prices would rise if a hurricane damaged Florida's orange crop.

Toyota, Honda Race Back in U.S.

Posted: 30 Sep 2012 02:34 PM PDT

Auto makers are expected to show healthy growth when they report September sales on Tuesday. But the market is getting tougher and much of the sales gains are expected to come from Toyota and Honda.

Electrolux to Add Sizzle to Its Brand

Posted: 30 Sep 2012 02:08 PM PDT

As Western consumer spending remains depressed, the Swedish appliance maker is targeting the super-rich and emerging markets.

Spain Expects a Wider Budget Gap

Posted: 30 Sep 2012 07:12 PM PDT

The Spanish government said the effort to clean up an ailing banking system will widen its budget gap and increase its debt load.

Singapore Grabs for the Gold

Posted: 30 Sep 2012 12:38 PM PDT

Singapore is scrapping a tax on gold and silver in an effort to turn the city into a precious-metals trading and storage hub to rival London and Zurich.

Any Spain Bailout Will Test EU

Posted: 30 Sep 2012 12:58 PM PDT

Spanish Prime Minister Mariano Rajoy has Europe on tenterhooks over whether and when he will apply for a government bailout—a step that would set the stage for a first, critical test of the euro zone's new crisis-fighting arrangements.

Nokia Seals Mapping Deal With Oracle

Posted: 30 Sep 2012 08:01 PM PDT

Nokia., looking to increase use of its mapping software, will announce a new deal with Oracle intended to give Oracle's customers access to Nokia's growing map data and location services.


Whirlpool, LG Settle Refrigerator Patent Disputes

Posted: 30 Sep 2012 06:53 PM PDT

LG Electronics Inc. and Whirlpool Corp. have agreed to settle patent infringement disputes related to refrigerators, concluding years of patent litigation between the two companies.