"Wallstreet" Reader

"Wallstreet" Reader

Get Ready for e-Book Price Cuts

Posted: 07 Sep 2012 06:03 PM PDT

Cheaper e-books from three publishers could return within one to three months, in the wake of a judge's approval this week of the antitrust settlement between the publishers and the Justice Department.

Apple Tries to Make Radio Play

Posted: 07 Sep 2012 07:52 PM PDT

Apple is in talks to create an online custom-radio service, a business dominated by Pandora, thrusting Apple onto an already crowded, minimally profitable field.

Engineers Talks Test Boeing's Labor Peace

Posted: 07 Sep 2012 04:03 PM PDT

Boeing is entering the final weeks of tense contract talks with its engineers that are testing the leadership of its new commercial-aircraft chief and could affect its efforts to drive down costs to develop new jets.

Jobs Data Weigh on Obama, Fed

Posted: 07 Sep 2012 05:04 PM PDT

U.S. job growth slowed in August, signaling a stalling economy that could mute any post-convention momentum for President Barack Obama and spur the Federal Reserve to take further steps to stimulate the economy.

Petrobras Seeks Partner for Deep-Water Gulf Drilling

Posted: 07 Sep 2012 04:29 PM PDT

Petrobras is seeking a joint-venture partner to invest as much as $4 billion into the company's deep-water drilling operations in the U.S. Gulf of Mexico.

Chesapeake Tries to Sell a Boom Symbol

Posted: 07 Sep 2012 05:51 PM PDT

Chesapeake Energy is trying to sell a landmark Fort Worth high-rise it bought for $104 million four years ago as the cash-strapped gas driller scales back its operations in Texas's Barnett Shale.

Hess to Sell Azerbaijan Assets to India's ONGC

Posted: 07 Sep 2012 12:54 PM PDT

Hess agreed to sell some minority stakes in fields in Azerbaijan to India's Oil & Natural Gas Corp. for $1 billion.

Money Manager to Settle SEC Suit

Posted: 07 Sep 2012 06:01 PM PDT

Money manager Thomas Priore and his investment company have agreed to pay $23 million to settle an SEC lawsuit in which they were accused of favoring some clients over others during the financial crisis.

Scotts to Pay $12.5 Million for Improper Pesticide Use

Posted: 07 Sep 2012 02:13 PM PDT

Scotts Miracle-Gro was ordered to pay $12.5 million for applying insecticides to its wild-bird food that was toxic to birds.

Merkel Backs ECB, Bucking Critics

Posted: 07 Sep 2012 04:03 PM PDT

Germany's government threw its support behind the ECB's plan to intervene in bond markets, countering a deluge of domestic criticism.

Google Reclaims $700 Level Last Seen in '07

Posted: 07 Sep 2012 07:03 PM PDT

Google's stock rose to levels not seen since 2007, as shares were pushed up by a wave of tech-sector outperformance and optimism about the company's outlook.

Shell May Bid in Iraq's Next Oil Auction

Posted: 07 Sep 2012 09:06 AM PDT

Royal Dutch Shell is considering taking part in Iraq's next auction of oil exploration rights, provided the opportunities on offer are sufficiently lucrative.

Peregrine Imbalance Grows

Posted: 07 Sep 2012 05:15 PM PDT

Total assets of $270.2 million revealed in a bankruptcy court filing are well below the initial estimate of $500 million to $1 billion, while liabilities are more than double that.

Pandora Shares Plunge on Apple Fears

Posted: 07 Sep 2012 03:14 PM PDT

Shares of Pandora Media fell sharply on news that Apple is exploring its own competing Internet-radio service.

Indian Court Rules Against Roche

Posted: 07 Sep 2012 08:46 AM PDT

Cipla said an Indian court dismissed a patent-infringement case filed against the generic-drug maker by Roche over cancer treatment Tarceva.

FCC Proposes Rules for Airwaves Auctions

Posted: 07 Sep 2012 03:18 PM PDT

The FCC chairman circulated proposed rules for future auctions of television airwaves so that the agency's other four members can vote on them at a Sept. 28 meeting.

South Africa Lifts Fracking Ban

Posted: 07 Sep 2012 06:22 AM PDT

South Africa has lifted a temporary halt on shale-gas exploration in an isolated, nature-rich region, the government said.

Kroger Posts Flat Profit

Posted: 07 Sep 2012 01:57 PM PDT

Kroger reported flat quarterly earnings as a rise in revenue for the grocery-store operator was offset by higher expenses.

U.K. Industry Bounces Back

Posted: 07 Sep 2012 05:55 AM PDT

A strong rise in industrial output and an official calculation of the boost from the Olympic Games suggested the U.K. economy made a good start to the third quarter and could be emerging from recession.

Apple Seeks to Create Pandora Rival

Posted: 07 Sep 2012 08:36 AM PDT

Apple is in talks to license music for a custom-radio service similar to the popular one operated by Pandora Media, in what would be a bid by the hardware maker to expand its dominance in online music.