"Wallstreet" Reader

"Wallstreet" Reader

Private Unmanned Space Craft Returns to Earth

Posted: 28 Oct 2012 05:14 PM PDT

A private unmanned spacecraft returned safely from a pioneering resupply mission to the international space station.

Asian Shares Rise A Tad

Posted: 28 Oct 2012 07:42 PM PDT

Asian markets were mostly higher, recovering from heavy selling on Friday, while Hong Kong stocks gains were capped by sharp declines in local property developers. The HSI was flat.

Premier League Soccer to Move to NBC in $80 Million Deal

Posted: 28 Oct 2012 07:52 PM PDT

English Premier League soccer games will move to NBC from Fox and ESPN next year under a new deal announced Sunday night.

MF Global Couldn't Keep Track of Funds

Posted: 28 Oct 2012 06:08 PM PDT

Employees at MF Global couldn't keep track of exactly how much money it had at any given moment, even before the company began to wobble, according to internal documents.

Currency Traders Await Bank of Japan Easing Moves

Posted: 28 Oct 2012 05:55 PM PDT

The yen will be in focus this week as the Bank of Japan is expected to unveil new monetary-easing measures Tuesday.

Cotton Farmers Battle Big Merchant

Posted: 28 Oct 2012 07:09 PM PDT

In a battle of David and Goliath, a tiny group of cotton farmers is taking on commodities giant Cargill, alleging that what it calls the company's "Las Vegas"-style trading cost them $35 million and brought some growers close to financial ruin.

High Court Dives Into Resale Trade

Posted: 28 Oct 2012 07:04 PM PDT

The Supreme Court is scheduled to hear arguments Monday in a case that could shake up the market for used books, music and other products and affect U.S. retailers that obtain foreign-made goods through unofficial distribution channels.

Audiences Decline for MTV, Comedy Central

Posted: 28 Oct 2012 07:43 PM PDT

Viacom is grappling with declining audiences at MTV and Comedy Central. Comedy Central's prime-time audience fell 19% in the four weeks through Oct. 21, while MTV's viewership declined 32%.

Las Vegas Sands, U.S. Discuss Settlement

Posted: 28 Oct 2012 08:44 PM PDT

Las Vegas Sands and U.S. federal prosecutors discussed settling a probe into whether the casino company violated money-laundering laws regarding a pair of high-rolling gamblers.

Stock Pickers Game the Fiscal Cliff

Posted: 28 Oct 2012 07:08 PM PDT

Some companies are seeking to get ahead of the tax increases by paying out big special dividends before Dec. 31. The game for investors is to figure out which companies could be next.

Treasurys Look Set for a Breakout

Posted: 28 Oct 2012 05:51 PM PDT

After moving in a tight range since early August, the U.S. Treasurys market may be poised to break out.

UBS Plans 10,000 Job Cuts

Posted: 28 Oct 2012 06:16 PM PDT

UBS is aiming to eliminate as many as 15 lines of business and a third or more of the jobs at its investment-banking division as part of a plan to restore the business to health. Roughly 10,000 jobs would be eliminated over three to five years.

U.S. Airlines Cancel 4,700 Flights

Posted: 28 Oct 2012 12:28 PM PDT

U.S. airlines have canceled more than 4,700 flights due to depart Sunday and Monday, ahead of the expected landfall early Tuesday of Hurricane Sandy.


NYSE Closes Stock Exchange Floor

Posted: 28 Oct 2012 03:03 PM PDT

The New York Stock Exchange will close its trading floor starting Monday. Trading will be moved to Arca, an electronic trading platform operated by NYSE.

'Argo' Moves Up to No. 1

Posted: 28 Oct 2012 08:09 PM PDT

"Argo," the Ben Affleck-directed drama, finally claimed the No. 1 spot in its third week,while the weekend's high-profile release, "Cloud Atlas," the $100 million adaptation of the popular novel, that film stalled at the box office.

More People Opt Not to Work Anymore

Posted: 28 Oct 2012 08:37 PM PDT

Labor force participation keeps falling, but unemployed workers who have abandoned their job search make up only a small portion of the group of people who have dropped out of the workforce.

News Corp. Unit Interested in Penguin

Posted: 28 Oct 2012 06:29 PM PDT

HarperCollins's parent News Corp. has expressed interest in buying Penguin Group, potentially undercutting Penguin's merger talks with Random House.

Glitter Arrested in BBC Savile Probe

Posted: 28 Oct 2012 05:22 PM PDT

Gary Glitter, a British pop star in the 1970s, was arrested by London police as part of a child sexual abuse scandal that until now has focused on the late BBC television host Jimmy Savile.

China Life Swings to Loss

Posted: 28 Oct 2012 03:18 AM PDT

China Life Insurance swung to its first quarterly loss in four years as sluggish domestic capital markets ate into its investment returns, but analysts said business conditions could pick up as the country's growth stabilizes.

Samsung: Profit Will Fall

Posted: 28 Oct 2012 08:09 PM PDT

Executives at Samsung Electronics said the company's fourth-quarter profit will likely fall from the third quarter's record level amid greater competition in smartphones, but gave no indication how far.