"Wallstreet" Reader

"Wallstreet" Reader

Japan Revises Down GDP Growth Figures

Posted: 09 Sep 2012 07:58 PM PDT

Japan posted a current account surplus of $7.99 billion in July, stronger than economists' expectations but narrowing 40.6% from a year earlier, while gross domestic product grew at a slower rate in the April-June quarter than previously reported.

Petrobras Seeks Partner for Fields off U.S.

Posted: 09 Sep 2012 07:37 PM PDT

A move by Petrobras to seek a partner to invest in its U.S. offshore oil fields suggests the Brazilian company has figured out how to extract oil from the difficult site in the Gulf of Mexico.

Deutsche Chiefs to Unveil Plans

Posted: 09 Sep 2012 05:01 PM PDT

The bank's new co-CEOs are expected Tuesday to explain how they aim to turn around the underperforming company, amid considerable investor skepticism.

Sun Peeks Through in Solar

Posted: 09 Sep 2012 05:07 PM PDT

The U.S. solar-power business is expanding quickly, though not from panel manufacturing. Instead, growth has come from installations of largely foreign-made panels.

DreamWorks Sets 4-Year Plan

Posted: 09 Sep 2012 05:18 PM PDT

DreamWorks Animation said it would release three films a year for the next four years, staking out opening dates well in advance for all 12 titles, as it angles for an edge in family-oriented animated movies.

New Orleans Paper Says Revenue Forced Cutback

Posted: 09 Sep 2012 05:13 PM PDT

The New Orleans Times-Picayune has faced a backlash from the community for its plans to print just three days a week, down from seven, but its owner, Advance Publications, says steadily falling print ad revenue meant it had no choice.

Market Fever Runs High for Fed Action

Posted: 09 Sep 2012 07:41 PM PDT

Fed Chairman Ben Bernanke hasn't said so, but many investors are behaving as if more bond buying from the central bank is a done deal.

BP Nears Deal to Sell Gulf Fields

Posted: 09 Sep 2012 07:40 PM PDT

BP is close to a deal to sell some of its Gulf of Mexico offshore oil fields for around $7 billion to Plains Exploration Production.

Banks Rethinking Executive Pay

Posted: 09 Sep 2012 04:15 PM PDT

Directors at J.P. Morgan Chase and Citigroup are wrestling with new approaches to executive compensation, in a bid to respond to a series of management miscues this year.

ArcelorMittal, Union Reach Deal

Posted: 09 Sep 2012 04:35 PM PDT

The United Steelworkers and ArcelorMittal reached a tentative deal without a two-tier wage structure that was opposed by the union but with unspecified compromises involving health care, pensions and work rules.

France's Hollande Outlines Austerity Goals

Posted: 09 Sep 2012 07:43 PM PDT

French President Hollande sought to brace the nation for its toughest budgetary effort of the past six decades, as he outlined a raft of austerity measures to shore up public finances.

U.S. Visit Aims to Spur Egypt Growth

Posted: 09 Sep 2012 06:09 PM PDT

A delegation of more than 100 American business leaders is touring Cairo this week, part of a White House-led effort to burnish Egypt's image as an investment destination and help restore the country's flagging economy.

Lufthansa, Union to Set Up Mediation Process

Posted: 09 Sep 2012 02:23 PM PDT

Lufthansa and the labor union representing its cabin crews by the end of this week will work out details of the planned mediation process that both parties agreed to last Friday in an attempt to resolve their continuing labor dispute.

Monti: Italy Seeks Stability

Posted: 09 Sep 2012 04:50 PM PDT

Mario Monti, the technocrat drafted to save Italy from insolvency, inched closer to signaling he would be open to remaining prime minister of the euro zone's third-largest economy after elections next year.

Inspectors Reject Some Cuts By Greece

Posted: 09 Sep 2012 07:00 PM PDT

Visiting international inspectors on Sunday rejected parts of Greece's proposed austerity plan, forcing the country's coalition government to seek fresh spending cuts to meet creditors' demands.

Fund Rejects Glencore's Latest Xstrata Bid

Posted: 09 Sep 2012 12:44 PM PDT

Knight Vinke Asset Management rejected Glencore's latest offer for Xstrata and called on Xstrata's independent board to invite additional offers for the Anglo-Swiss miner.

Box Office Turns In a Tepid Performance

Posted: 09 Sep 2012 04:10 PM PDT

Hollywood suffered its lowest-grossing weekend so far this year, with no major movie openings, feeble performances from the minor films that did open and tepid holdovers from the previous weekend.

Lynas Notches Victory on Rare-Earth Materials

Posted: 09 Sep 2012 10:09 AM PDT

Australia's Lynas won approval for a rare-earths processing plant in Malaysia, opening up a new source for materials used in high-tech products.

U.S. IPO Market Poised to Perk Up

Posted: 09 Sep 2012 02:55 PM PDT

With the S&P 500 at its highest level since January 2008 and the VIX "fear gauge" falling, the IPO market could turn hot after its annual late-summer slumber.

Virgin Atlantic CEO Resigns

Posted: 09 Sep 2012 04:56 PM PDT

Virgin Atlantic CEO Steve Ridgway is stepping down after 23 years with the British airline, leaving his successor to grapple with high fuel prices, tough competition and a sluggish British economy.