"Wallstreet" Reader

"Wallstreet" Reader


Loan Bid for Private-Equity Firms Runs Aground

Posted: 04 Sep 2012 06:39 PM PDT

A shipping company owned by Blackstone and Cerberus—American Petroleum Tankers—filed a lawsuit against the Department of Transportation claiming a bias against private-equity firms.

Chinese Bank Takes Great Leap Forward

Posted: 04 Sep 2012 05:38 PM PDT

State-controlled lender China Development Bank has stepped into some of the biggest private deals in Asia recently.

Article Says Agency Let Risky Drugs Hit Market

Posted: 04 Sep 2012 06:22 PM PDT

An FDA effort to speed approval of new medicines allowed drugs onto the market without proper safety analysis, according to two drug-safety experts.

Apple Sets Sept. 12 Event

Posted: 04 Sep 2012 05:54 PM PDT

Apple invited media to Sept. 12 product announcement at which the company is widely expected to announce a new iPhone.

Volkswagen Bets on New Golf

Posted: 04 Sep 2012 04:32 PM PDT

Volkswagen is giving its best-selling Golf compact car a radical makeover in hopes of surpassing Toyota in annual vehicle sales.


Facebook Plays Defense

Posted: 04 Sep 2012 06:46 PM PDT

Facebook said CEO Zuckerberg won't sell any shares in the social network for a year and unveiled other steps to reassure investors worried about its plummeting stock price, as the stock hit a new low.

Judge: AMR Can Reject Pacts With Pilots

Posted: 04 Sep 2012 06:49 PM PDT

A bankruptcy judge said that AMR can reject labor agreements with its pilots union, 20 days after he forced the American Airlines parent to make changes to the proposal.

Amazon Adds Epix Content

Posted: 04 Sep 2012 05:55 PM PDT

Amazon upped its competition against Netflix, signing a deal with cable channel Epix that will bring a raft of popular films such as "Iron Man 2" and "The Hunger Games" to the online retailer's movie streaming service.

News Corp. Nominates Independent Directors

Posted: 04 Sep 2012 07:20 PM PDT

News Corp. nominated former Labor Secretary Elaine Chao and former Colombian president Álvaro Uribe to join its board as independent directors.

Intel to Slash Energy Use by Chips

Posted: 04 Sep 2012 05:57 PM PDT

Intel expects to slash the energy consumption of its flagship chip line by 41%, the company's latest move to make mobile computers thinner and operate longer on a battery charge.

Ally Bank Aims at Enemies, Robots

Posted: 04 Sep 2012 01:33 PM PDT

The online bank is planning a new ad blitz that paints it as a friendly alternative to bigger banks.

Cosmo Names New Editor

Posted: 04 Sep 2012 01:27 PM PDT

Hearst named Joanna Coles as editor-in-chief of Cosmopolitan magazine. She most recently was the top editor of Marie Claire magazine, another Hearst title.

Yucaipa Back With $1.65 Billion Target

Posted: 04 Sep 2012 02:14 PM PDT

Ron Burkle's firm, Yucaipa Cos., is seeking to raise $1.65 billion for a follow-up to its 2008 vintage fund.

Hudson Bay Exploring IPO

Posted: 04 Sep 2012 07:50 PM PDT

The owner of Hudson Bay Co., North America's oldest company, has hired banks to explore an IPO of the firm's Canadian department stores for as early as this October.

Spain Looks to the ECB to Stem Bank Cash Crisis

Posted: 04 Sep 2012 01:19 PM PDT

Nearly three months after Spain requested a bailout for its banks, the problems facing the country's frail banking system are deepening, putting pressure on the European Central Bank to take action this week.


Hudson's Bay Weighs IPO

Posted: 04 Sep 2012 01:11 PM PDT

The owner of Hudson's Bay, North America's oldest company, has hired banks to explore an IPO of the firm's Canadian department stores for as early as this October.


Hyundai Rejects Dumping Claims

Posted: 04 Sep 2012 12:43 PM PDT

Hyundai rejected fresh claims by the French government that the South Korean auto maker is dumping cars, saying it shipped fewer cars to France from South Korea in the first half than French rival Renault, which has a plant in that country.

Pressure Mounts on Nokia's CEO

Posted: 04 Sep 2012 12:06 PM PDT

Nokia's highly anticipated launch of new smartphones is shaping up as a last chance for Chief Executive Stephen Elop to win over the company's long-suffering investors.

Lending Gaps Challenge Central Bank

Posted: 04 Sep 2012 06:54 PM PDT

The European Central Bank's latest interest-rate cut isn't helping the economy as much because of differences in businesses' borrowing costs across the euro zone.

Ocean-Shipping Firms Try LNG as Fuel

Posted: 04 Sep 2012 02:37 PM PDT

Some ocean-shipping companies are moving toward deep-chilled liquefied natural gas as a fuel source, driven by tougher environmental standards, higher oil prices and more-abundant natural gas.