"Wallstreet" Reader

"Wallstreet" Reader


Lowe's Focuses on Succession

Posted: 18 Oct 2012 05:24 PM PDT

The board of Lowe's Cos., the home-improvement company, is looking for an heir apparent that would be able in three years to step into the shoes of CEO Robert Niblock.

Google Hit by Weak Results

Posted: 18 Oct 2012 07:36 PM PDT

Google's quarterly earnings report hit Wall Street more than three hours early on Thursday due to a glitch. The bigger glitch was what the Internet giant's results actually showed.

Cooling the Pits: ICE Yelling Ends

Posted: 18 Oct 2012 04:39 PM PDT

Friday is the final day of rough-and-tumble "open outcry" commodities trading on the IntercontinentalExchange-owned pit in lower Manhattan where options on cotton, coffee, cocoa, sugar and orange juice are bought and sold.

Debt Fuels a Dividend Boom

Posted: 18 Oct 2012 07:05 PM PDT

Private-equity firms get big payouts and investors collect high yields in a practice that was popular before the financial crisis. Some critics question whether it loads companies with too much debt.

Failed U.S. Deals Stir Tensions With China

Posted: 18 Oct 2012 07:11 PM PDT

A series of scuttled deals is rankling Chinese firms trying to invest in U.S. businesses and throwing fuel on an increasingly tense trade relationship between the world's two largest economies.

AMD Posts Loss, Plans Layoffs

Posted: 18 Oct 2012 04:33 PM PDT

AMD unveiled a drastic restructuring effort that will pare about 15% of its work force—affecting about 1,800 jobs—after weaker-than-expected demand for PCs pushed the chip maker to a loss.

Banks Pushed to Clear Fog of Cyberwar

Posted: 18 Oct 2012 05:02 PM PDT

As hackers get more sophisticated, banks face growing pressure to share information with each other and with national intelligence agencies, and to communicate better with customers.

E*Trade Swings to Surprise Loss

Posted: 18 Oct 2012 04:01 PM PDT

E*Trade Financial swung to a surprising third-quarter loss as the online brokerage set aside more money for loan losses.

Facebook Aims to Capitalize on India Surge

Posted: 18 Oct 2012 04:16 PM PDT

India is becoming a critical testing ground for Facebook as it strives to cash in on growth in emerging markets and better target mobile-phone users—two increasingly pressing goals for the social-networking firm.


Google Opposes French Proposal

Posted: 18 Oct 2012 03:07 PM PDT

Google said it would exclude French newspapers from its search engine if the country enacts a law to make search engines pay for the right to cite news articles online.

Chile Firm to Buy Carrefour's Colombian Business

Posted: 18 Oct 2012 04:34 PM PDT

Chilean retail giant Cencosud agreed to acquire the Colombian business of French retailer Carrefour for $2.6 billion, in a move that shows how local companies are taking advantage of European counterparts weakened by the Continent's debt crisis.

Inside Softbank's Gamble

Posted: 18 Oct 2012 07:00 PM PDT

Softbank chief Masayoshi Son wouldn't rule out making a competing bid for MetroPCS in an interview after striking a $20 billion deal for Sprint.

Microsoft Profit Down 22% as Windows Sales Fall

Posted: 18 Oct 2012 05:58 PM PDT

Microsoft's quarterly earnings fell 22% as the software giant saw revenue in its Windows division fall ahead of the release of its new Windows 8 operating system.

'Eyeballs Win,' Says CBS's Moonves

Posted: 18 Oct 2012 06:10 PM PDT

CBS CEO Les Moonves has an answer for cable and satellite operators who complain their profits are getting squeezed by continually rising content costs: eliminate low-rated channels from their lineup.

Boston Scientific's Sales Slide

Posted: 18 Oct 2012 01:50 PM PDT

Boston Scientific reported a loss and another quarter of declining sales as the medical-device company continues to face challenging conditions in its core heart-rhythm and stent markets.

ArcelorMittal Weighs Stake Sale at Iron-Ore Business

Posted: 18 Oct 2012 04:19 PM PDT

ArcelorMittal has sounded out potential buyers for a large, minority stake in the global steel company's Canadian iron-ore business.


Blackstone Clears Industry Milestone: $200 Billion In Assets

Posted: 18 Oct 2012 05:05 PM PDT

Blackstone Group swung to a third-quarter profit as the private-equity firm saw its pool of assets under management pass the $200 billion level for the first time.

Keystone Pipeline Is Idled

Posted: 18 Oct 2012 02:00 PM PDT

TransCanada idled its Keystone pipeline for three days for repairs after detecting an undisclosed "anomaly" on the line, a significant conduit for Canadian oil into U.S. markets.

Jail Terms Delivered in Muni Bid-Rigging Case

Posted: 18 Oct 2012 05:00 PM PDT

Three former employees of a General Electric Co. unit were sentenced to prison terms Thursday after they were convicted of criminal charges earlier this year in a broad conspiracy to rig bids on investment contracts for municipalities.

Bumi Pursues Hacking Probe

Posted: 18 Oct 2012 06:34 PM PDT

The London-listed coal company Bumi has been investigating possible email hacking at the companies that control its Indonesian mines.