"Wallstreet" Reader |
- Weak Earnings Spark Selloff
- Karmazin to Leave Sirius XM
- Facebook Makes Mobile Gains
- Dow to Cut 2,400 Jobs
- Zynga Cuts 5% of Staff, Kills Some Games
- Hedge Funds Belt Few Home Runs
- Debt Investors Warm to Africa
- China Retailer CRE Adopts Rivals' Western Ways
- European Tobacco-Related Payment Probe Widens
- Roche Faces Probe on Safety Data
- Ford Nears Decision on Factory
- Netflix Profit Sinks
- TNT Express in Talks to Sell Unit to Finalize Takeover by UPS
- Crude Settles Below $87
- Draghi Set to Defend ECB Bond Buying
- EU Shelves Women Board Quotas
- BAE Faces Pressure After Deal Collapse
- UBS Plans More Job Cuts
- Rosneft Mum on TNK-BP Deal Financing
- IKEA Projects Revenue Growth
| Posted: 23 Oct 2012 07:58 PM PDT In just a few days, American corporations have doused months of euphoria for stock investors. Companies from Google and Caterpillar to DuPont and UPS have disappointed investors with lackluster earnings or forecasts.
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| Posted: 23 Oct 2012 06:22 PM PDT Sirius XM's CEO Mel Karmazin will step down in February, throwing in the towel after an extended battle with Liberty Media over control of the satellite-radio broadcaster.     |
| Posted: 23 Oct 2012 06:27 PM PDT After a slow start, Facebook's effort to squeeze more money from advertisers on mobile devices is starting to pay off.     |
| Posted: 23 Oct 2012 03:12 PM PDT Dow Chemical Co. said it plans to cut 5% of its workforce and close 20 manufacturing facilities, as the chemicals giant looks to further cut costs.     |
| Zynga Cuts 5% of Staff, Kills Some Games Posted: 23 Oct 2012 06:24 PM PDT Zynga is cutting staff for the first time in the social-game maker's brief history, parting ways with about 5% of its workforce. It also is phasing out more than a dozen game titles.     |
| Hedge Funds Belt Few Home Runs Posted: 23 Oct 2012 04:37 PM PDT In another down year for hedge funds, a few stars stand out, using diverse—and sometimes risky—strategies.     |
| Posted: 23 Oct 2012 04:42 PM PDT African countries are winning over investors scrounging for profits in a world of falling interest rates and lackluster growth.     |
| China Retailer CRE Adopts Rivals' Western Ways Posted: 23 Oct 2012 05:46 PM PDT Local companies, and one conglomerate in particular, are showing how Chinese retailers are learning to outfox their foreign megastore rivals.     |
| European Tobacco-Related Payment Probe Widens Posted: 23 Oct 2012 06:23 PM PDT Former European Health Commissioner John Dalli met with his political associate Silvio Zammit immediately before Mr. Zammit first requested a $78.3 million payment from a tobacco-company lobbyist, said people familiar with the biggest corruption probe to hit the European Union's top ranks in years.     |
| Roche Faces Probe on Safety Data Posted: 23 Oct 2012 03:56 PM PDT Roche Holding could face a hefty fine for failing to properly report drug-safety issues, after Europe's medicine regulator said it would launch an infringement procedure into the Swiss drug company.     |
| Ford Nears Decision on Factory Posted: 23 Oct 2012 04:37 PM PDT Ford executives are to meet with Belgium officials, a possible prelude to a move by the U.S. auto maker to downside or close its assembly plant in the country.     |
| Posted: 23 Oct 2012 06:26 PM PDT Online video provider Netflix Inc. issued a U.S. streaming-subscriber forecast that disappointed investors, along with the news that earnings fell 88%.     |
| TNT Express in Talks to Sell Unit to Finalize Takeover by UPS Posted: 23 Oct 2012 01:48 PM PDT TNT Express is in talks with at least two bidders to sell its airline unit in order to finalize its takeover by UPS.
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| Posted: 23 Oct 2012 01:25 PM PDT Crude futures fell by 2.2%, closing at the lowest level since mid-July against a backdrop of weak earnings results and growing concerns about the economy.     |
| Draghi Set to Defend ECB Bond Buying Posted: 23 Oct 2012 06:26 PM PDT Mario Draghi will take his defense of the European Central Bank's new bond-buying plan to Germany's Parliament on Wednesday, where opposition to his crisis strategy runs deep.     |
| Posted: 23 Oct 2012 06:22 PM PDT The European Commission isn't backing a proposal by Viviane Reding, one of its vice presidents, to introduce quotas for women sitting on the boards of listed companies, Ms. Reding said.     |
| BAE Faces Pressure After Deal Collapse Posted: 23 Oct 2012 05:05 PM PDT British defense giant BAE Systems, recovering from the failure of its proposed merger with Airbus parent EADS, faces the challenge of convincing investors that the plan wasn't an act of desperation.     |
| Posted: 23 Oct 2012 05:11 PM PDT UBS embarking on a new round of job cuts within its investment bank that could run into the thousands, according to people involved in the process, as the Swiss bank grapples with a business downturn that shows few signs of abating.     |
| Rosneft Mum on TNK-BP Deal Financing Posted: 23 Oct 2012 02:33 PM PDT Rosneft's CEO pledged to "bend over backwards" for his shareholders but did little to ease concerns about the financing of the $55 billion TNK-BP acquisition.
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| Posted: 23 Oct 2012 02:31 PM PDT Swedish furniture giant IKEA expects to increase revenue as much as 85% by 2020 and more than double its store traffic.
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