"Wallstreet" Reader

"Wallstreet" Reader

Judge Rules for Warner Bros. in Superman Case

Posted: 17 Oct 2012 07:37 PM PDT

The heirs to Superman's co-creator can't prevent Warner Bros. Pictures from exploiting the comic-book character as it wishes and can't terminate a copyright grant covering the superhero, a federal judge in California ruled.


China's Growth Continues to Slow

Posted: 17 Oct 2012 08:06 PM PDT

China reported that its economy continued to slow in the third quarter just weeks before it embarks on a once-a-decade change in leadership, compounding concerns about the outlook for one of the world's major engines of growth.


Sprint Seeks Control of Clearwire

Posted: 17 Oct 2012 07:33 PM PDT

Sprint is in talks to gain control of partner Clearwire without an acquisition, a deal that will clarify a long-dysfunctional relationship that became a central issue in the carrier's acquisition by Japan's Softbank.

Asian Scion's Trades Draw Scrutiny

Posted: 17 Oct 2012 08:14 PM PDT

The son of former Kyrgyzstan President Kurmanbek Bakiyev was arrested in England as the U.S. probes his alleged role in an insider-trading scheme. For years, the U.S. maintained good relations with Kyrgyzstan as a key ally in the war on terror.


U.S. Housing Data, China GDP Lift Asian Shares

Posted: 17 Oct 2012 08:21 PM PDT

Asian markets climbed after China released its 3Q GDP data, and as Australian stocks touched a new 15-month high following strong U.S. housing data. The Hang Seng rose 0.6%.


Gupta Prosecutors Seek Stiff Sentence

Posted: 17 Oct 2012 07:59 PM PDT

Prosecutors are seeking as much as a decade in prison for former Goldman director Rajat Gupta following his insider-trading conviction.


Amazon Struggles to Crack Publishing

Posted: 17 Oct 2012 07:26 PM PDT

Amazon.com Inc. is a big success in book retailing, but cracking the publishing business hasn't been as easy.

Executives Lack Confidence in U.S.

Posted: 17 Oct 2012 06:53 PM PDT

Executives are pessimistic about the ability of companies in the U.S. to compete globally and to pay high wages to U.S. workers, a survey of more than 6,800 Harvard Business School alumni found.

Onetime Hedge-Fund Player Leaves the Game

Posted: 17 Oct 2012 03:15 PM PDT

Greg Coffey, a co-chief investment officer of Moore Capital Management's European business, is leaving the hedge-fund industry after the funds he managed posted losses so far this year.

EBay Profit Revival Fueled by PayPal

Posted: 17 Oct 2012 08:03 PM PDT

EBay reported third-quarter profit rose 22%, fueled by its PayPal unit, as the Internet company's earnings continued to revive for the fifth straight quarter.


Goldman, Hedge Funds Strike Nine Deal

Posted: 17 Oct 2012 02:51 PM PDT

Nine Entertainment was dragged from the brink of insolvency after lenders agreed a multibillion-dollar debt restructure, a move that also handed CVC Capital Partners the largest loss for a private-equity company on a single transaction in the Asia-Pacific region.

Oil-Rich Angola Launches Wealth Fund

Posted: 17 Oct 2012 04:02 PM PDT

Angola announced a $5 billion sovereign-wealth fund that will focus on infrastructure and hotel projects at home and throughout the region.

Cessna Jet Sales Stumble

Posted: 17 Oct 2012 02:32 PM PDT

Sales of new Cessna business jets slumped in the third-quarter, though the head of parent company Textron said he hopes for a rebound after the U.S. elections.

Maker of Capsule-Sized Camera to Review Options

Posted: 17 Oct 2012 01:42 PM PDT

Given Imaging appointed a committee to evaluate strategic options, including a possible sale of the company.

SEC Sues Yorkville Advisors, Founder

Posted: 17 Oct 2012 07:24 PM PDT

The SEC accused an investment adviser of allegedly inflating the values of its funds in order to garner higher fees and attract more investors.

AmEx Profit Rises as Card Spending Increases

Posted: 17 Oct 2012 02:04 PM PDT

American Express.'s third-quarter earnings rose 1.2% as revenue

France Proposes Aid for Peugeot's Bank

Posted: 17 Oct 2012 07:09 PM PDT

The French government signaled that it is ready to step in to rescue the in-house finance arm of Peugeot, which is struggling against credit downgrades as the collapse in European demand for new cars has undermined its finances.

Jakarta to Stay Out of Bumi Fight

Posted: 17 Oct 2012 11:40 AM PDT

Indonesian government officials said Jakarta won't involve itself in the falling out between investors in London-listed Bumi and its Indonesian mining assets.

SEC Proposes Swaps Rules for Brokerages

Posted: 17 Oct 2012 11:18 AM PDT

Brokerages would be forced to set aside pots of money to insulate themselves against losses on their swaps trades as well as to take steps to protect the money of their swaps customers under new rules proposed unanimously by U.S. regulators Wednesday.

Mortgage Activity Buoys Regional Banks

Posted: 17 Oct 2012 04:36 PM PDT

M&T Bank, U.S. Bancorp and Comerica reported solid quarterly profits amid strong mortgage-banking revenue. But low interest rates continue to pressure results.