"Wallstreet" Reader

"Wallstreet" Reader


Asian Shares Down A Tad After Mixed U.S. Cues

Posted: 25 Oct 2012 07:08 PM PDT

Asian markets were slightly lower on Friday after a mixed set of U.S. economic data and earnings reports Thursday left investors with few cues to trade on. The Nikkei Fell 0.1%.

Credit Suisse Seeks to Run Exchange

Posted: 25 Oct 2012 08:00 PM PDT

Credit Suisse is quietly pushing to turn one of its trading venues into an exchange, an unusual bid that, if successful, would create the only U.S. stock exchange owned outright by a Wall Street bank.


Corn Prices Sink as Exports Slack

Posted: 25 Oct 2012 06:10 PM PDT

Corn futures fell 1.7% amid renewed concerns about tepid export demand for the U.S. crop.

9 More Banks Subpoenaed Over Libor

Posted: 25 Oct 2012 07:09 PM PDT

Nine more banks have received subpoenas in connection with a probe into alleged widespread interest-rate manipulation by banks.

Samsung's Profit Jumps 91%

Posted: 25 Oct 2012 06:11 PM PDT

Samsung's third-quarter profit jumped 91% in a period when it was the only big manufacturer with new phones at the high end of the market.

High Costs Bedevil Builders

Posted: 25 Oct 2012 05:05 PM PDT

New-home construction has picked up momentum in recent months after years of contraction. But the industry is facing a fresh challenge: building costs are going through the roof.

Asian Firms Brace for Profit Pain

Posted: 25 Oct 2012 05:20 PM PDT

Asia's biggest companies are predicting profit pain as sluggish growth grinds on in China and Europe.

Firms Hit Brakes Before Fiscal Cliff

Posted: 25 Oct 2012 05:46 PM PDT

Here is why dozens of chief executives have inserted themselves into the debate over reducing the federal budget deficit: Some say uncertainty over the looming "fiscal cliff" of tax increases and spending cuts already is hurting their business.

Bidding Narrows for McGraw-Hill Education

Posted: 25 Oct 2012 03:47 PM PDT

Apax Partners and Apollo Global Management have emerged as the leading contenders for McGraw-Hill Education.

Amazon Posts Loss

Posted: 25 Oct 2012 05:03 PM PDT

Amazon swung to a third-quarter loss as stronger revenue was masked again by aggressive spending to spur growth.

CFTC Advances Rules to Rein In Swaps Trade

Posted: 25 Oct 2012 03:38 PM PDT

The Commodity Futures Trading Commission is poised to propose a sweeping set of postcrisis rules for derivatives trading that could mark a major setback for big players in the multitrillion-dollar industry.

McDonald's to Roll Out Bagged Coffee in Canada

Posted: 25 Oct 2012 02:41 PM PDT

McDonald'sCorp. plans to start selling ground coffee at major Canadian retailers in November.

Telefónica Shores Up Its 'Firewall'

Posted: 25 Oct 2012 05:14 PM PDT

Telefonica, one of the world's most indebted companies, could establish two units–one in Latin America and one in Europe–to steer clear of any further worsening of Spain's economic troubles.

Staid Yuan Roams as China Lets Out Slack

Posted: 25 Oct 2012 07:11 PM PDT

The once-predictable Chinese currency has become increasingly volatile, which signals a stronger role for markets in the yuan's moves but poses foreign-exchange risks for businesses and investors.

BP Ends Plans for U.S. Cellulosic-Ethanol Plant

Posted: 25 Oct 2012 12:39 PM PDT

BP said it is ending plans to build a commercial-scale cellulosic-ethanol plant in Florida, saying it instead will focus on research and development.

Yahoo Buys Mobile-App Maker Stamped

Posted: 25 Oct 2012 02:50 PM PDT

Yahoo made its first acquisition under Chief Executive Marissa Mayer, the purchase of a mobile-app maker called Stamped for about $10 million.

DreamWorks Chairman Resigns

Posted: 25 Oct 2012 04:31 PM PDT

The chairman of DreamWorks Animation SKG resigned, after having served in that position since the studio became a public company in 2004.

Berkshire Wins Auction for ResCap Loans

Posted: 25 Oct 2012 01:21 PM PDT

Warren Buffett's Berkshire Hathaway won a bankruptcy auction for a portfolio of loans from Residential Capital, the subprime mortgage unit of government-owned Ally Financial.

Book Rivals Explore Deal

Posted: 25 Oct 2012 05:35 PM PDT

Pearson said talks are under way to combine its Penguin Group with Random House, which is owned by Bertelsmann.

Stress Eases for Europe's Banks

Posted: 25 Oct 2012 09:23 AM PDT

Stress at euro-zone banks appeared to ease in September but there was no indication of this feeding through to an economy battling recession.