"Wallstreet" Reader

"Wallstreet" Reader

Asian Shares Rise

Posted: 11 Oct 2012 07:54 PM PDT

Asian markets were modestly higher before the start of China's data deluge in the coming days. The Hang Seng rose 0.9%.


Banks Want Pensions to Go Dutch

Posted: 11 Oct 2012 05:08 PM PDT

Dutch banks are trying to persuade guardians of more than $1 trillion in pension money to become more patriotic and keep a higher percentage of their funds in the Netherlands, and specifically to invest in mortgages to help ease the banks' funding pressure.

Many Retailers Balk at Card-Fee Settlement

Posted: 11 Oct 2012 05:01 PM PDT

Retailers are mounting a last-ditch effort to block a proposed $6 billion deal that would be paid for by credit-card companies to settle their long-running feud with merchants over processing fees.

Younger Chinese Get Feel for Debt

Posted: 11 Oct 2012 05:40 PM PDT

Long a nation that preferred cash to credit cards, China is taking on an increasing amount of debt and opening its market to more lenders.

Caterpillar Shuffles Its Top Ranks

Posted: 11 Oct 2012 07:18 PM PDT

Caterpillar rejuvenated its top executive ranks, while sticking with a tradition of promoting from within.

Fears of 'Fiscal Cliff' Curb Hiring

Posted: 11 Oct 2012 06:08 PM PDT

Some manufacturers have delayed hiring while they wait to see whether they will face sharply higher U.S. taxes and deep cuts in government spending in 2013, a new survey shows.

Workday's IPO Prices Above Expected Range

Posted: 11 Oct 2012 07:22 PM PDT

Business-software company Workday priced its IPO above the expected range, setting the stage for a $637 million deal that will be largest public offering for any tech company since Facebook's in May.

Sprint Looks to Japan for Help

Posted: 11 Oct 2012 07:38 PM PDT

Japanese mobile carrier Softbank is in advanced talks to buy roughly 70% of U.S.-based Sprint, a multibillion-dollar lifeline that could help Sprint compete with its much bigger and richer rivals.

Viewership Drops for Fall TV Season

Posted: 11 Oct 2012 06:26 PM PDT

TV viewing of both cable and broadcast networks among adults under age 50 fell for the first two weeks of the new fall season, Nielsen data show, a much weaker start than the industry experienced last year.

Bottler Spills Out of Athens

Posted: 11 Oct 2012 06:14 PM PDT

Coca-Cola Hellenic Bottling will move its headquarters to Switzerland and switch its main market listing to London, in the biggest sign yet of southern European companies pulling away from the troubled region over funding costs.

AMD Cuts Revenue Outlook

Posted: 11 Oct 2012 07:57 PM PDT

AMD cut its third-quarter revenue estimates, citing weaker-than-expected demand "across all product lines" due to the sluggish global economy.


Merger's Demise Perpetuates Europe's Defense Bloat

Posted: 11 Oct 2012 07:03 PM PDT

The failure of merger talks between Airbus parent European Aeronautic Defence & Space and BAE Systems closes the door on any quick improvements in Europe's inefficient military-procurement system.

Natural Gas Hits 2012 High

Posted: 11 Oct 2012 01:11 PM PDT

Natural-gas futures rose 3.7% Thursday to a 2012 high after U.S. data showed gas-storage levels rose by less than expected last week.

Wendy Gets a Makeover

Posted: 11 Oct 2012 07:52 PM PDT

Fast-food chain Wendy's is getting a new logo. While it is sticking with its little red-haired girl, she is slightly older in the new version, and gone is the dated slogan "Old Fashioned Hamburgers."


Siemens Plans Overhaul

Posted: 11 Oct 2012 06:24 PM PDT

Siemens said it is planning to cut costs and simplify its business in an overhaul of Germany's flagship industrial group that may include asset sales.

Mortgage Rates Rise

Posted: 11 Oct 2012 12:08 PM PDT

Average mortgage rates in the U.S. rose over the past week, though fixed rates remained near historic lows.

Cargill's Net Rises, Revenue Falls

Posted: 11 Oct 2012 12:59 PM PDT

Cargill reported higher quarterly earnings with improvements in all five of the agribusiness giant's segments, even as total revenue slipped.

American Air Says Performance Is Improving

Posted: 11 Oct 2012 11:33 AM PDT

American Airlines said in an internal memo that its performance metrics in October are showing improvement.

Apple-Samsung Ruling Shows High Bar for Injunctions

Posted: 11 Oct 2012 06:22 PM PDT

An appeals court ruling against Apple in one of its legal battles against Samsung is the latest sign of an increasingly high bar facing plaintiffs seeking injunctions in patent cases.

Nationwide Settles Benefits Case

Posted: 11 Oct 2012 12:58 PM PDT

Nationwide Financial Services agreed to pay $7.2 million to resolve a multistate probe into its handling of death benefits, as state regulators continue to press insurers to pay out on old, sometimes forgotten policies.