"Wallstreet" Reader

"Wallstreet" Reader


Asian Shares Rise

Posted: 08 Oct 2012 07:49 PM PDT

Asian stocks were mostly up, as a rise in iron ore prices helped resource firms and pushed Australia to a fresh 14-month high. The S&P/ASX 200 rose 0.6%.


SpaceX Rocket Overcame Problem

Posted: 08 Oct 2012 07:05 PM PDT

Space Exploration Technologies said one of nine main engines on its Falcon 9 rocket malfunctioned during Sunday night's launch but the booster was still able to put the private cargo capsule it was carrying into proper orbit.

Chip Start-Up Calxeda Raises $55 Million

Posted: 08 Oct 2012 07:57 PM PDT

Calxeda, a start-up that provides chips for a new breed of server systems, has raised an additional $55 million as computer makers prepare to offer its technology.


Probe of Dewey's Collapse Intensifies

Posted: 08 Oct 2012 06:10 PM PDT

Prosecutors in Manhattan are investigating whether top managers at Dewey & LeBoeuf purposely misled lenders about the law firm's financial health as a criminal probe into the firm's failure intensifies.


Soda Makers to Post Calories on Machines

Posted: 08 Oct 2012 07:38 PM PDT

Coca-Cola Co., PepsiCo and Dr Pepper Snapple will start displaying calories on soda vending machines, pointing consumers toward less sugary versions, their latest response to critics.


Companies Feast on Cheap Money

Posted: 08 Oct 2012 06:22 PM PDT

Companies are taking advantage of investors' appetite for yield—and fear of government bonds—not only by issuing huge amounts of debt, but debt that won't mature for a very long time.

Coffee Standoff Tests Growers' Grit

Posted: 08 Oct 2012 05:25 PM PDT

Brazil's coffee farmers have been hoarding some of their crop, waiting for the right price. But buyers are testing their patience.


AMR Traffic Falls Amid Operational Problems

Posted: 08 Oct 2012 07:43 PM PDT

AMR Corp., which wrestled with weeks of pilot sick calls, a spike in maintenance reports and then problems with aircraft seats coming loose on some of its Boeing 757s, said its total traffic declined 2.8% in September, compared with the year-ago month, and domestic traffic fell by 7.1%.


Stress for Banks, As Tests Loom

Posted: 08 Oct 2012 07:26 PM PDT

With this year's stress tests around the corner, banks continue to complain that the Federal Reserve has not provided enough detail about its methodology.


Big Brother at the Mall--- With Shopping Ideas

Posted: 08 Oct 2012 07:50 PM PDT

A facial-recognition system in a South Korean mall isn't for security purposes. It is designed to better tailor on-site, immediate advertising, deciphering whether the shopper is male or female and what age


Huawei Fires Back at the U.S.

Posted: 08 Oct 2012 07:33 PM PDT

Chinese telecommunications giant Huawei lashed out at a scathing congressional report, calling allegations that it may be spying on Americans and violating U.S. laws "little more than an exercise in China-bashing."


Copper Settles 1.6% Lower

Posted: 08 Oct 2012 12:43 PM PDT

Copper futures slumped to the lowest price in more than one week, as the World Bank's reduced economic growth forecast for China reinforced concerns about the demand outlook for the industrial metal.

J&J Seeks to Cope With Cancer-Drug Shortage

Posted: 08 Oct 2012 12:21 PM PDT

J&J applied for U.S. and European regulatory approval of a new manufacturing process that would provide a short-term fix to the supply shortage of the cancer drug Doxil.

Airlines Shuffle Marketing Alliances

Posted: 08 Oct 2012 04:07 PM PDT

Qatar Airways said it plans to join the Oneworld marketing alliance, while Dubai's Etihad Airways unveiled a pact with Air France-KLM and Air Berlin.

California's Gas Price Expected to Ease

Posted: 08 Oct 2012 05:22 PM PDT

Experts predict California's skyrocketing gasoline prices will start easing in the next few days, after an idled refinery resumed production and Gov. Jerry Brown ordered winter-blend gasoline earlier than usual.

New Data on Alzheimer's Drug

Posted: 08 Oct 2012 07:29 PM PDT

An experimental Alzheimer's treatment from Eli Lilly slowed memory loss in patients in one drug trial and showed positive signs in another study, new data showed.


Eurogroup Meets as Greek Clouds Loom

Posted: 08 Oct 2012 10:29 AM PDT

Euro-zone finance ministers arrived for talks in Luxembourg as the currency bloc's new safety net formally came into being.

Air France-KLM, Etihad in Code-Share Deal

Posted: 08 Oct 2012 08:36 AM PDT

Air France-KLM, Etihad Airways and Air Berlin have forged a series of code-sharing agreements that will expand the networks of the three airlines.

PPR Set to Spin Off Chain

Posted: 08 Oct 2012 11:31 AM PDT

French retail-holding company PPR is expected on Tuesday to present plans to spin off its Fnac electronics chain, allowing it to focus more on brands including Gucci and Puma.

China's Service Sector Grows

Posted: 08 Oct 2012 08:28 AM PDT

China's service-sector activity grew in September, offsetting slowing manufacturing activity in the world's second-largest economy.