"Wallstreet" Reader

"Wallstreet" Reader


Citi Web Analyst Fired After Lapse

Posted: 26 Oct 2012 07:51 PM PDT

Citigroup fired Internet stock analyst Mark Mahaney amid accusations he leaked confidential information about Facebook's IPO.


Berlin Warms to Greek Aid Deal

Posted: 26 Oct 2012 05:21 PM PDT

Passing a more-generous bailout for Greece through Germany's parliament could prove easier than expected for Chancellor Angela Merkel.

KKR Swings to a Profit

Posted: 26 Oct 2012 04:34 PM PDT

KKR reported strong earnings, even as the private-equity giant scaled back the target size of its latest mega buyout fund and proved reluctant to make big acquisitions.

Fannie, Freddie to Pay More to Treasury

Posted: 26 Oct 2012 04:13 PM PDT

Fannie Mae and Freddie Mac are expected to begin repaying taxpayers for their bailout faster than initially projected, in part because of an improving housing market.

Current TV Considers Sale

Posted: 26 Oct 2012 04:11 PM PDT

Current TV, the cable news network co-founded by Al Gore, is considering putting itself up for sale.

Air Panel Reviews Turbulence Dangers

Posted: 26 Oct 2012 05:32 PM PDT

International air-safety researchers are moving to combat potential hazards caused by passenger jets encountering turbulence generated by other airliners flying nearby at high altitudes.

Ruling Hits Argentina Bonds

Posted: 26 Oct 2012 07:09 PM PDT

The South American country's bonds fell following a U.S. court ruling that could potentially hurt bondholders who accepted a restructuring of the country's debt several years ago.

Fox, Bona Film to Produce Movies in China

Posted: 26 Oct 2012 06:51 PM PDT

News Corp.'s Twentieth Century Fox movie studio will co-produce and distribute Chinese-language films with Bona Film, one of China's largest movie producers.

Legg Mason Posts Higher Profit and Inflows to Funds

Posted: 26 Oct 2012 05:50 PM PDT

The mutual fund company recorded its first quarter of net inflows since 2007 as profit rose 43%.

J&J Recalls Surgical Stapler

Posted: 26 Oct 2012 02:28 PM PDT

J&J has recalled more than 157,000 surgical stapler devices and accessories used in hemorrhoids treatment procedures due to potential malfunctions that pose a serious safety risk.

U.S. Accuses Paul Ceglia Of Defrauding Facebook

Posted: 26 Oct 2012 11:53 AM PDT

A man who claimed he owned a major stake in Facebook was arrested on Friday and charged in what federal prosecutors described was a multi-billion dollar scheme to defraud the social network site and its founder Mark Zuckerberg.

Insurers Must Boost Reserves

Posted: 26 Oct 2012 02:27 PM PDT

State regulators agreed to require that insurers set aside more capital to support their investments in bonds backed by residential mortgages, a step they say will help insulate the industry from losses during a severe downturn.

Redstone Daughter Back in Succession Mix

Posted: 26 Oct 2012 06:40 AM PDT

Sumner Redstone said his daughter, Shari, is in the running to succeed him one day as overseer of his controlling stakes in Viacom and CBS.

WhiteWave Foods Fails to Excite IPO Market

Posted: 26 Oct 2012 05:11 PM PDT

Investors were lukewarm on the latest natural-foods business to hit the market, as WhiteWave Foods' $391 million initial public offering ticked lower in its trading debut.

Statoil to Cut Production

Posted: 26 Oct 2012 09:43 AM PDT

Statoil said its oil and gas output will fall in 2013 as it produces less natural gas than planned in the U.S. in response to a drop in prices and after selling fields off the coast of Norway

Economy Grows at 2% Pace

Posted: 26 Oct 2012 08:01 PM PDT

The U.S. gross domestic product grew at an annual rate of 2% in the third quarter as consumers spent more, federal-government spending accelerated and the housing industry improved.


Oshkosh Posts Higher Net, Rejects Icahn Bid

Posted: 26 Oct 2012 04:01 PM PDT

Oshkosh posted higher earnings and rejected Carl Icahn's takeover offer valuing the heavy-duty vehicle maker at $3 billion.

Belgians Probe Death of Exxon Manager

Posted: 26 Oct 2012 09:50 AM PDT

An executive with U.S. oil giant Exxon Mobil was shot dead in Brussels earlier this month after leaving a restaurant with his wife.

NBCUniversal Chief Sees Extended Turnaround

Posted: 26 Oct 2012 06:33 PM PDT

Comcast's NBC is enjoying a ratings rebound this fall after years in the doldrums, but the head of NBCUniversal cautioned that the network has a "long, long way to go" in its turnaround.

Former UBS Trader Takes Stand in Trial

Posted: 26 Oct 2012 05:58 PM PDT

Former UBS trader Kweku Adoboli, accused of a $2.3 billion fraud, testified on his own behalf in a trial in London that now features two new charges.