"Wallstreet" Reader

"Wallstreet" Reader

J.P. Morgan CFO to Exit Post

Posted: 10 Oct 2012 07:27 PM PDT

J.P. Morgan Chase's chief financial officer is expected to step down over the next few quarters and is likely to move into a different job at the bank, according to people close to the company.


Asian Shares Lower

Posted: 10 Oct 2012 07:54 PM PDT

Asian markets declined Thursday following a Spanish debt downgrade and growing pessimism over U.S. earnings. The Nikkei loses 0.2%.


Tech Firms Become Real-Estate Trusts

Posted: 10 Oct 2012 06:28 PM PDT

Companies in technology and related fields are testing a way to avoid paying taxes: persuading the government that their real business is real estate.

PC Sales Go Into a Tailspin

Posted: 10 Oct 2012 05:19 PM PDT

Cannibalization by tablets, sluggish economic conditions and slowing sales in emerging markets led third-quarter PC shipments to fall more than 8% from a year earlier.

S&P Cuts Spain's Rating

Posted: 10 Oct 2012 08:03 PM PDT

Standard & Poor's Ratings Services cut its rating on Spain and maintained a negative outlook, citing the mounting pressures from the country's economic recession.


Bank Profit Spigot to Draw Scrutiny

Posted: 10 Oct 2012 04:38 PM PDT

Regulators are closely watching how much of a boost U.S. banks give their third-quarter profits by trimming their cushions against bad loans, highlighting an issue that will be in the forefront as banks report earnings.

Farmers Seize on Soybean Squeeze

Posted: 10 Oct 2012 05:06 PM PDT

The U.S. is on track to harvest its smallest soybean crop in nine years due to damage from this past summer's drought. But bad news in the U.S. is turning out to be good news for growers in South America.

Fed Official Wants Cap on Bank Sizes

Posted: 10 Oct 2012 04:42 PM PDT

A top Federal Reserve official said Wednesday the U.S. government should cap the size of big banks, put limits on growth of existing banks and block large mergers.

Peregrine Funds in Question

Posted: 10 Oct 2012 04:06 PM PDT

The jailed founder of Peregrine Financial Group believes more funds may be available to the firm's clients than is currently thought, a longtime family friend said.

Kodak to End Health-Care, Survivor-Benefits Program

Posted: 10 Oct 2012 03:21 PM PDT

Eastman Kodak said it would terminate its health-care and survivor-benefits program, resolving a $1.2 billion retiree-benefits liability.

Fashion Retailer Intermix Is on Block

Posted: 10 Oct 2012 05:29 PM PDT

Fashion retailer Intermix is up for sale, as the company looks for strategic partners that could help it expand.

Telecom Industry Keeps Eye on China

Posted: 10 Oct 2012 05:48 PM PDT

The telecommunications industry is watching to learn whether China will retaliate against U.S. companies after a congressional report rebuffed telecom-gear makers Huawei and ZTE.

SpaceX Capsule Docks at Space Station

Posted: 10 Oct 2012 06:01 PM PDT

SpaceX's unmanned Dragon spacecraft successfully linked up with the international space station, passing another important milestone toward regular commercial resupply missions to orbit.

New Details in Suit Vs. Buyout Shops

Posted: 10 Oct 2012 07:34 PM PDT

A Massachusetts court on Wednesday ordered the release of a new version of a lawsuit alleging bid-rigging by private-equity firms that reveals more details than prior, substantially redacted versions disclosed.


Quad/Graphics to Buy Vertis

Posted: 10 Oct 2012 03:09 PM PDT

Quad/Graphics agreed to buy direct-mail company Vertis Holdings with a "stalking horse" bid of $258.5 million. Vertis, which filed for Chapter 11 protection to facilitate the deal, said it will evaluate any competing bids that may be submitted.

H&R Block Plots Fed Escape

Posted: 10 Oct 2012 03:59 PM PDT

H&R Block is exploring how to escape the burden of being regulated by the Federal Reserve without giving up on financial services.

Equifax, Direct Lending Settle U.S. Case

Posted: 10 Oct 2012 01:50 PM PDT

The credit-reporting company Equifax and a former customer, Direct Lending Source, agreed to pay a combined $1.6 million to settle federal charges they mishandled information about millions of U.S. consumers who were late on their mortgage payments.

Government Discord Derails Merger

Posted: 10 Oct 2012 07:30 PM PDT

BAE and EADS called off their merger after the U.K., France and Germany failed to agree on how much influence they should have over the combined entity.


Oil Firms Sue the U.S.

Posted: 10 Oct 2012 06:31 PM PDT

The oil industry sued to overturn a U.S. rule requiring companies to report payments to foreign governments to develop oil and gas.

Kellogg Recalls Mini-Wheats

Posted: 10 Oct 2012 05:54 PM PDT

Kellogg is taking a charge of up to $30 million to cover the recall of Mini-Wheats cereal in the U.S. due to possible contamination by pieces of metal mesh.