"Wallstreet" Reader

"Wallstreet" Reader

Martha Stewart Pares Magazines

Posted: 01 Nov 2012 08:11 PM PDT

Martha Stewart Living Omnimedia said it will close its Whole Living magazine and move its Everyday Food publication to an all-digital format to cut costs and emphasis digital and mobile platforms.

Sharp Says Its Future Is at Risk

Posted: 01 Nov 2012 08:24 PM PDT

Sharp posted a $3.12 billion loss and said it had doubts about remaining a "going concern," another sign of the problems gripping Japan's consumer-electronics makers. Sony also reported a loss.

Asian Shares Rise On U.S. Cue; HSI Hits 15-Month High

Posted: 01 Nov 2012 09:30 PM PDT

Asian markets were higher on Friday, as positive U.S. economic data released Thursday contributed to growing optimism over the global economy, pushing Hong Kong's Hang Seng Index to its highest level since August 2011. The HSI rose 1.3%.


Puerto Rico Election Eyed by Debt Investors

Posted: 01 Nov 2012 05:12 PM PDT

The campaign for Puerto Rico's governor is being watched by debt investors because of the tax status of the commonwealth's bonds.

European Companies Turn to Latin Assets for Relief

Posted: 01 Nov 2012 08:10 PM PDT

In a change that reflects a shifting balance of power between Europe and the developing world, many southern European companies that are struggling to raise financing at home are turning to their emerging-markets businesses for relief.

Mining Canada's Oil Sands: Suddenly, Not a Sure Thing

Posted: 01 Nov 2012 06:51 PM PDT

Canadian oil companies are rethinking investment in one of North America's earliest and fastest growing "unconventional" oil frontiers—Alberta's oil sands.

Outages Expose Carriers' Backup Plans

Posted: 01 Nov 2012 09:12 PM PDT

Regulators and phone companies have sparred since Hurricane Katrina over how best to ensure the resiliency of wireless networks. Widespread cellphone service outages across the region hit by Sandy are giving those debates new urgency.

Firms Jump Through a Borrowing Window

Posted: 01 Nov 2012 04:43 PM PDT

Companies looking to borrow made up for lost time Thursday, selling nearly $12 billion worth of bonds following a three-day freeze in issuance in the wake of Sandy.

New Arrest in BBC Scandal

Posted: 01 Nov 2012 08:20 PM PDT

London police arrested another man as part of a child sex-abuse scandal involving the late BBC television host Jimmy Savile and other TV personalities from that time.

LinkedIn Swings to Profit

Posted: 01 Nov 2012 03:38 PM PDT

LinkedIn swung to a profit and posted an 81% jump in revenue, underscoring how the professional social network's growth is continuing even as other newly public Internet companies struggle.

Rosneft CEO Enters Spotlight

Posted: 01 Nov 2012 08:23 PM PDT

Igor Sechin says his main priority is the same as that of any CEO—delivering value for his stockholders. But as the top executive of Russian oil giant Rosneft, there is one shareholder that is especially important. It lies just across the Moscow River from Rosneft's headquarters, in the Kremlin.

Brazilian Factory Output Slips

Posted: 01 Nov 2012 01:14 PM PDT

Output at Brazil's mines and factories fell in September, ending three consecutive months of growth and dealing a setback to the incipient economic recovery, as businesses curtailed investments and debt-saddled consumers reined in purchases.

In Fixed Income, a Fight to Survive

Posted: 01 Nov 2012 06:04 PM PDT

Deutsche Bank's and UBS's divergent fortunes in fixed-income trading highlight changes that could force other banks to join the Swiss bank in largely leaving the business.

AIG Swings to Profit, Beats Expectations

Posted: 01 Nov 2012 02:19 PM PDT

American International Group swung to a third-quarter profit of $1.9 billion, driven by a drop in costs tied to natural disasters and improvements in several lines of business.

Coupons Boost Starbucks

Posted: 01 Nov 2012 08:14 PM PDT

Starbucks Corp. said its profit edged up in the latest quarter, beating estimates, as it took promotional measures to draw in customers.

Anglo Platinum to Cede Control of Zimbabwe Mine

Posted: 01 Nov 2012 01:44 PM PDT

Anglo American Platinum became the latest miner to bow to pressure from Zimbabwe's government, agreeing to cede a majority stake in a mine to domestic groups and other investors.

MetLife's Big Annuity Charge Linked to Regulatory Concern

Posted: 01 Nov 2012 01:29 PM PDT

MetLife said its $1.6 billion "impairment" charge to reduce the value of annuity operations recorded on its balance sheet stems partly from probes by New York and other state regulators into whether insurers are potentially masking their financial health through dealings with related companies.

Britain's Comet Teeters on the Edge

Posted: 01 Nov 2012 12:52 PM PDT

Electricals retailer Comet stood on the brink of closure despite a £50 million parachute payment from its former owner, underscoring the intensity of competition in the stricken U.K. consumer electricals market, which has already seen the exit of U.S. giant Best Buy.

Wells Seeks Mortgage-Suit Dismissal

Posted: 01 Nov 2012 06:02 PM PDT

Wells Fargo asked a federal judge to dismiss a lawsuit filed by the government last month, which sought hundreds of millions of dollars for "reckless" lending under a government mortgage program, arguing that a previous legal settlement with the U.S. had resolved those claims.

High-Profile Hedge-Fund Manager to Close Shop

Posted: 01 Nov 2012 01:10 PM PDT

Former Goldman Sachs partner and head of its principal strategies division, Pierre-Henri Flamand, is shutting down his hedge-fund firm Edoma Partners after two years because he is unable to "make money in the current environment."