"Wallstreet" Reader

"Wallstreet" Reader

Amazon to Buy Headquarter Buildings for $1.2 Billion

Posted: 05 Oct 2012 06:40 PM PDT

Amazon agreed to buy a large chunk of its Seattle headquarters for $1.2 billion from an investment firm owned by Microsoft co-founder Paul Allen.

After Floods, Businesses Still Wary of Thailand

Posted: 05 Oct 2012 06:10 PM PDT

A year after massive floods in Thailand disrupted the global supply chain for cars and electronics, a new reality is becoming clear: Foreign companies are shifting production to other parts of Southeast Asia.

Silicon Valley's Stock Funk

Posted: 05 Oct 2012 04:33 PM PDT

Sliding shares of newly public Internet companies such as Facebook and Zynga are depressing employees—and their finances—after years of long hours and high expectations.

Funds Face New Battle On Rules

Posted: 05 Oct 2012 07:20 PM PDT

Before it could finish celebrating its victory in a battle with the SEC over new rules, the money-fund industry is bracing for another clash with regulators.

Report Faults Former SEC Inspector General

Posted: 05 Oct 2012 04:04 PM PDT

David Kotz was blamed for ethical lapses in a probe of the R. Allen Stanford Ponzi scheme. He also may have had a conflict in his review of the Madoff case.

EchoStar in Talks to Launch Brazil Satellite-TV Service

Posted: 05 Oct 2012 06:37 PM PDT

Charlie Ergen's EchoStar is in talks with Brazilian telecom companies, including Telefonica Brasil and Oi, about launching a joint-venture satellite-TV service in Brazil.

Oil Drops 2% on Demand Concerns

Posted: 05 Oct 2012 06:58 PM PDT

The threat of gasoline-supply problems and refinery shutdowns raised concerns about oil demand.

France's Peugeot Trims Production

Posted: 05 Oct 2012 11:57 AM PDT

French auto maker Peugeot Citroën said it will slow production of a new subcompact car and eliminate a production shift later this year amid sluggish European auto sales.

Navistar May Speed Up Engine Roll Out

Posted: 05 Oct 2012 03:07 PM PDT

Heavy-duty truck maker Navistar is preparing to deliver by the end of the year a revamped truck engine that meets federal emissions standards and to outline a new set of financial targets.

Facebook to Halve Its Credit Line

Posted: 05 Oct 2012 06:26 PM PDT

Facebook is planning to reduce by half a $3 billion line of credit that it received from its bankers prior to its May initial public offering, as its slumping stock leaves it with lower tax bills.

Supreme Court to Hear Challenge to Monsanto Seed Patents

Posted: 05 Oct 2012 02:22 PM PDT

The U.S. Supreme Court agreed Friday to hear an Indiana farmer's appeal that challenges the scope of Monsanto's patent rights on its Roundup Ready seeds.

Wet Seal Bows to Dissident Shareholder

Posted: 05 Oct 2012 12:36 PM PDT

Four directors at Wet Seal resigned as the teen retailer threw in the towel in its battle with a dissident shareholder.

FCC Lets Cable Access Rules Expire

Posted: 05 Oct 2012 07:47 PM PDT

Federal regulators relaxed rules on cable-television companies that also own must-have content such as local sports networks, in a decision that could put pay-TV subscribers in the middle of more disputes.


Dimon Deputy to Retire From J.P. Morgan Chase

Posted: 05 Oct 2012 06:19 PM PDT

Barry Zubrow, a top deputy to J.P. Morgan Chase CEO Jamie Dimon, will retire in the latest executive-level shake-up following the bank's $5.8 billion trading loss earlier this year.

Boeing, Union Talks to Continue

Posted: 05 Oct 2012 06:51 PM PDT

Boeing and officials representing 23,000 engineering workers agreed to continue talks next week on a new labor agreement, allowing Saturday's contract expiration to pass without incident.

Ex-Brokers at ICAP Unit Charged With Fraud

Posted: 05 Oct 2012 12:45 PM PDT

Three former brokers at a unit of ICAP were charged criminally with secretly adding millions of dollars in extra costs to trades by institutional clients during periods of high stock-market volatility, in order to bolster the firm's revenue and their own year-end bonuses.

Metro Warns on Profit

Posted: 05 Oct 2012 10:05 AM PDT

German retailer Metro cut its earnings forecast for 2012, citing a weak consumer climate and high unemployment as the economy in crisis-hit Europe deteriorates.

Glitches Halt Some NYSE Liffe Trading

Posted: 05 Oct 2012 06:51 PM PDT

A glitch halted commodities trading on the NYSE Liffe exchanges in London and Paris on two separate occasions Friday, following a similar disruption earlier this week.

Greece Races to Finalize Deal With Troika

Posted: 05 Oct 2012 12:34 PM PDT

Greece was racing to secure a deal on reforms with a troika of international inspectors that would allow fresh aid to the country, but European officials signaled that a decision could be delayed further.

Progress Seen on EU Transaction Tax

Posted: 05 Oct 2012 09:46 AM PDT

France and Germany are making progress in finding nine EU partners to back a financial transactions tax, but must still lock in support from at least three other member states.