"Wallstreet" Reader

"Wallstreet" Reader

Investors Get Jittery Over Monster

Posted: 24 Oct 2012 05:52 PM PDT

Investors are having second thoughts about Monster Beverage amid a public debate over whether it is healthy to imbibe its high-octane drinks.

Starwood to Buy LNR Property

Posted: 24 Oct 2012 05:24 PM PDT

Barry Sternlicht's Starwood Capital Group has agreed to buy LNR Property LLC, a large player in the distressed-commercial-property market, for more than $1 billion, according to two people knowledgeable of the deal.

U.S. Corporate Earnings Fall Victim to Europe's Woes

Posted: 24 Oct 2012 07:42 PM PDT

Europe's economic woes are washing over U.S. multinational companies, contributing to a season of weak corporate earnings.

Business-Jet Crashes Outpace Commercial

Posted: 24 Oct 2012 06:15 PM PDT

The number of accidents involving business jets and turboprops world-wide is more than five times that of commercial jets this year.

Supply Boom Upends the Oil Market

Posted: 24 Oct 2012 06:10 PM PDT

Only a few months ago, traders and investors were fretting about a shortage of crude oil. Now, many are worried there may be too much.

Beset by Losses, Zynga Takes a Gamble

Posted: 24 Oct 2012 05:04 PM PDT

Zynga swung to a loss as it continued to face challenges retaining an audience. Shares surged after hours on news of its deal with a real-money gaming operator.

Best Buy Shakes Up Management

Posted: 24 Oct 2012 06:16 PM PDT

Best Buy announced a leadership shake-up as the struggling electronics chain warned that earnings this quarter would be "significantly below" those it posted a year ago.

Vale's Profit Falls 66%

Posted: 24 Oct 2012 02:41 PM PDT

Brazilian mining giant Vale reported a 66% drop in quarterly profit as the global economic slowdown caused iron-ore prices to tumble.

AT&T's Subscriber Growth Slows

Posted: 24 Oct 2012 03:21 PM PDT

AT&T reported flat earnings and revenue for the third quarter as additions of contract subscribers for its wireless services slowed.

Hong Kong Holds Lid on Its Dollar

Posted: 24 Oct 2012 02:27 PM PDT

Hong Kong's banking system is awash in cash, pushing lending rates down and threatening to push up property prices, as the de facto central bank continues to intervene in the currency market.

Airlines Give Up on World's Longest Flights

Posted: 24 Oct 2012 06:39 PM PDT

Singapore Airlines said it was eliminating the two longest flights in the world, between its home city and Newark, N.J., and Los Angeles, with fewer people willing to pay premium fares and fuel prices remaining high.

Lenovo Looks to New Markets

Posted: 24 Oct 2012 06:13 PM PDT

For the first time, personal-computer maker Lenovo plans to sell its smartphones outside of China, taking on rivals Samsung Electronics and Apple in emerging markets.

Consumer Agency Sets Sights on Debt Collectors

Posted: 24 Oct 2012 11:47 AM PDT

On Jan. 2, the Consumer Financial Protection Bureau will move forward on plans to supervise 175 consumer debt-collection firms.

Draghi Defends Bond Buying Program

Posted: 24 Oct 2012 04:23 PM PDT

European Central Bank President Mario Draghi launched a robust defense of his bond-buying program, telling German lawmakers that the ECB was forced to act to defend the stability of the currency bloc.

Cnooc, Partners Lose Control of Area in Uganda

Posted: 24 Oct 2012 12:27 PM PDT

Uganda has taken back control of a prospective oil area licensed to Cnooc, Tullow Oil and Total after initial drilling failed to yield any crude, the government said.

Knight Capital's Chief Ponders His Options

Posted: 24 Oct 2012 06:12 PM PDT

Knight Capital CEO Thomas Joyce, whose firm was rescued after an August trading glitch, has told his board he has had preliminary talks about the top E*Trade job. Discussions about his Knight contract are ongoing.

Daimler Lowers Earnings Target

Posted: 24 Oct 2012 02:22 PM PDT

Luxury auto maker Daimler warned its full-year earnings would fall below year-earlier results amid weakening market conditions that hurt sent third-quarter profit down 11%.

Fed Steady on Policy

Posted: 24 Oct 2012 05:32 PM PDT

The Fed acknowledged an uptick in consumer spending and strength in housing but voted to keep its support in place to help the job market recover.

Marathon Asset Seeks Probe of AMR Debt Deal

Posted: 24 Oct 2012 10:50 AM PDT

Marathon Asset Management wants the examiner in AMR's bankruptcy case to look into the company's assumption of $2.3 billion in aircraft debt before it filed for bankruptcy.

Ocwen Wins Auction for ResCap Assets

Posted: 24 Oct 2012 12:08 PM PDT

Ocwen Financial won an auction for the mortgage-servicing and origination assets of lender Residential Capital with a $3 billion bid.