"Wallstreet" Reader

"Wallstreet" Reader

Home Loans May Get Shield

Posted: 15 Oct 2012 07:09 PM PDT

Federal regulators are considering giving mortgage lenders protection from certain lawsuits, a move designed to encourage lending to well-qualified borrowers.

Asian Shares Rise

Posted: 15 Oct 2012 07:47 PM PDT

Asian markets were higher Tuesday as above-view U.S. retail sales data lifted market sentiment, while Softbank lead the Tokyo market higher. The Nikkei rose 1.0%.


Rapid Traders Sting Gas Market

Posted: 15 Oct 2012 06:56 PM PDT

High-speed trading firms are driving many seasoned natural-gas traders to the sidelines when the U.S. releases weekly gas-inventory data.

Kremlin Cracks Down on Big Tobacco

Posted: 15 Oct 2012 05:51 PM PDT

The Kremlin is finally getting tough on Big Tobacco, with a determined push to pass strict antismoking rules that is aimed at taking a big bite out of the industry's growth in the world's second-largest tobacco market.


CFOs No Longer Wanted on Boards

Posted: 15 Oct 2012 06:32 PM PDT

Chief financial officers serving as directors at their own companies are a dying breed, thanks to a push for greater board independence. Just 19 CFOs of Fortune 500 companies sit on their own boards as of earlier this year, according to new research.

Google Executive Gets Nearly $60 Million to Join Yahoo

Posted: 15 Oct 2012 07:09 PM PDT

Yahoo named Henrique de Castro, a Google ad executive, as its new chief operating officer, deepening Chief Executive Marissa Mayer's stamp on the company.

Larry Flynt to Buy New Frontier Media

Posted: 15 Oct 2012 04:23 PM PDT

Hustler magazine founder Larry Flynt is adding to his adult-entertainment empire, agreeing to acquire publicly traded pay-per-view movie distributor New Frontier Media for about $33 million.

Panel Examines Libor Documents

Posted: 15 Oct 2012 05:55 PM PDT

Congressional staff began poring over thousands of pages of Federal Reserve Bank of New York documents regarding its monitoring of banks and a key interest rate, in a move likely to intensify scrutiny of regulators and financial companies involved in the matter.

Portugal Unveils New Budget, Braces for Protests

Posted: 15 Oct 2012 06:33 PM PDT

Portugal's government braced for more public backlash against its austerity program after it unveiled a budget proposal for 2013 that centered around sharp tax increases.

BlackRock to Cut iShares ETF Fees

Posted: 15 Oct 2012 06:36 PM PDT

In an effort to regain market share, BlackRock said it will slash fees on some iShares exchange-traded funds, reorganize its ETF sales force and roll out BlackRock's first-ever television ads.

LVMH Revenue Growth Slows

Posted: 15 Oct 2012 07:13 PM PDT

LVMH, a bellwether for the luxury-goods industry, said revenue growth slowed for the second consecutive quarter.

EU Approves New Iran Sanctions

Posted: 15 Oct 2012 10:45 AM PDT

EU foreign ministers formally approved a wide-reaching package of sanctions against Iran and called on it to comply with its international obligations regarding its nuclear program.

New Bombardier CSeries Jet Facing 'Compressed' Schedule

Posted: 15 Oct 2012 05:15 PM PDT

Bombardier started assembling its first CSeries test aircraft, but the program's chief cautioned the schedule was significantly squeezed ahead of the planned first flight later this year.

Russia's Promsvyazbank Delays IPO

Posted: 15 Oct 2012 11:42 AM PDT

Promsvyazbank, one of Russia's largest private banks, has delayed until further notice a planned initial public offering.

IMF's Egypt Loan Is Mideast Test Case

Posted: 15 Oct 2012 12:31 PM PDT

Egypt is heading into a month of complex internal and external negotiations to secure a financing package from the International Monetary Fund, a critical test of how the global lender can support new governments born of the Arab Spring revolutions.

U.K. Drops Kaupthing Probe

Posted: 15 Oct 2012 12:58 PM PDT

The U.K.'s Serious Fraud Office has ended an investigation of Iceland's Kaupthing bank after concluding there was insufficient evidence to justify extending the three-year probe.

Big Canadian Unions Vote to Merge

Posted: 15 Oct 2012 06:57 PM PDT

Two of Canada's largest private-sector unions will begin the process of merging after the members of the Communications, Energy and Paperworkers Union of Canada voted in favor of combining with the Canadian Auto Workers.

Renault, Nissan to Boost Cost Savings

Posted: 15 Oct 2012 12:35 PM PDT

Renault and Nissan said they aim to nearly double annual savings stemming from their long-running alliance to about $5 billion in 2016 from this year.

SAS Faces Capital Crunch

Posted: 15 Oct 2012 10:36 AM PDT

Scandinavia's economies have largely escaped the turbulence in the rest of Europe, but the region's state-controlled airline SAS's pension headache means it is in danger of making an emergency landing.

Gannett Profit Gets Boost From TV

Posted: 15 Oct 2012 04:09 PM PDT

Gannett posted a 33% rise in quarterly earnings as strong results from its television-station business helped offset a sharp decline for newspapers.