"Wallstreet" Reader

"Wallstreet" Reader

Mirror Group Faces Phone-Hacking Claims

Posted: 22 Oct 2012 07:24 PM PDT

Four people filed phone-hacking claims against Trinity Mirror's Mirror Group Newspapers, marking the first batch of major civil phone-hacking cases to be filed against British newspapers not owned by News Corp.

Asian Shares Slightly Up

Posted: 22 Oct 2012 06:54 PM PDT

Asian shares were mostly higher Tuesday tracking Monday's modest gains on Wall Street while a weaker yen buoyed shares in Tokyo. The Nikkei rose 0.1%.

Monster Falls on FDA Probe

Posted: 22 Oct 2012 07:06 PM PDT

Shares of Monster Beverage fell 14% after the U.S. Food and Drug Administration confirmed it is investigating reports that since 2009 five people have died after consuming the caffeine-backed drink.

Funds Pounce on Ailing Greece's Debt

Posted: 22 Oct 2012 07:24 PM PDT

Ever since Greece completed a debt restructuring in March that turned €200 billion in bonds into about €60 billion, distressed-debt investors—many at U.S. hedge funds—have been picking them over.

'Criminal Club' Case Spurs Fight Over Recordings

Posted: 22 Oct 2012 06:00 PM PDT

Federal prosecutors asked a judge to exclude several recorded phone calls two former hedge-fund managers hope to offer in their defense in an insider-trading trial over an alleged scheme prosecutors have labeled a "criminal club."

Low Rates Pummel Bank Profits

Posted: 22 Oct 2012 07:07 PM PDT

Superlow U.S. interest rates are squeezing bank profits, complicating the industry's nascent recovery from the financial crisis.

Regulators Clash Over Volcker Definitions

Posted: 22 Oct 2012 06:48 PM PDT

Banking regulators and the SEC disagree on some key elements of the Volcker rule, which was designed to curb risky trading by banks. The rift could delay implementation of the controversial rule.

Letter Takes On P&G Chief

Posted: 22 Oct 2012 06:07 PM PDT

P&G's Bob McDonald faces a tough audience when the consumer-products giant reports first-quarter earnings on Thursday—and new details are emerging about just how tough it is.

Platinum Plunges to 6-Week Low

Posted: 22 Oct 2012 04:50 PM PDT

Platinum slipped as fears of shrinking supplies from top producer South Africa have given way to persistent worries about weak demand from Europe.

New, Smaller iPad a Test for Apple

Posted: 22 Oct 2012 03:41 PM PDT

Apple's expected announcement of a new, smaller iPad is more than another buzzy product launch. It is a chance for the company to prove it is still ahead of the curve.

Upbeat CEO, Same Yahoo

Posted: 22 Oct 2012 06:37 PM PDT

Marissa Mayer has injected a feeling of hope inside Yahoo, but her first quarterly report card points to a tough slog for the long-ailing Internet pioneer.

Gupta Opposes Goldman's Bid for Probe Reimbursement

Posted: 22 Oct 2012 06:36 PM PDT

Former Goldman Sachs director Rajat Gupta doesn't want to reimburse the investment bank for the costs of an internal investigation and its legal fees after he was convicted of providing tips to a hedge-fund manager about the bank at the height of the financial crisis.

Manhattan Megaproject Set to Rise

Posted: 22 Oct 2012 05:11 PM PDT

Construction is set to begin on the first stage of a $15 billion city-within-a-city that aims to reshape Manhattan's desolate far West Side.

Cerberus Seeks Financing for Supervalu Bid

Posted: 22 Oct 2012 07:59 PM PDT

Cerberus Capital Management is in talks to line up financing for a multibillion-dollar bid to acquire struggling supermarket operator Supervalu, said people familiar with the potential buyout.


Banks Opt Out in Swap Row

Posted: 22 Oct 2012 03:32 PM PDT

Two large banks in Asia and Europe said they won't register with U.S. regulators to trade complex derivatives with U.S.-based financial companies, amid controversy over a proposed rule tied to the Dodd-Frank markets overhaul.

France Drops Monsanto Challenge

Posted: 22 Oct 2012 12:52 PM PDT

The French government said Monday that it had no reason to challenge Monsanto's license to sell a genetically modified corn in the European Union.

Ally Nears Sale of Canadian Operations to RBC

Posted: 22 Oct 2012 02:53 PM PDT

Royal Bank of Canada is in talks to buy the Canadian operations of U.S. auto lender Ally Financial for about $4 billion.

Texas Instruments Net Jumps 30% on One-Time Benefits

Posted: 22 Oct 2012 02:48 PM PDT

Texas Instruments Inc.'s third-quarter profit rose 30% as the chip maker recorded a series of one-time benefits, masking a decline in revenue.

Electrolux and Philips Warn of Slowdown

Posted: 22 Oct 2012 03:41 PM PDT

Electrolux and Philips warned of a slowdown in North American demand for consumer appliances while European consumers continue to cut back.

VF Helped by Timberland Results

Posted: 22 Oct 2012 01:07 PM PDT

VF's third-quarter earnings rose 27% as the branded-apparel maker's Timberland acquisition contributed to strong sales of outdoor and sports segment sales.