"Wallstreet" Reader

"Wallstreet" Reader


Line: Japan's Answer to Facebook, Twitter

Posted: 12 Nov 2012 06:54 PM PST

Line, a 17-month old app created in Tokyo, is trying to reboot social networking for the smartphone age.

Roth Capital Shrinks in China

Posted: 12 Nov 2012 07:42 PM PST

Roth Capital, which helps Chinese companies tap the U.S. capital markets, has sharply scaled back its China operation after a string of corporate-accounting scandals soured investors on the kinds of deals it promoted.

PepsiCo to Cut Ribbon on China R&D Facility

Posted: 12 Nov 2012 07:15 PM PST

PepsiCo this week will open a new research center in China, with the aim of developing more products designed to appeal to local tastes.

Sales of 'Halo 4' Game Hit $220 Million

Posted: 12 Nov 2012 06:58 PM PST

Microsoft said sales of "Halo 4," the latest in its sci-fi alien shooting-game series, topped $220 million in global sales during its first 24 hours of availability.

Goldman Pares Back Partner Picks

Posted: 12 Nov 2012 06:21 PM PST

The New York company is expected to announce this week the promotion of about 70 employees to partner, the smallest number in more than a decade.

Cord-Cutting: Cable's Offer You Can't Refuse

Posted: 12 Nov 2012 05:40 PM PST

Cable companies are pricing services in ways that make it less beneficial for customers to "cut the cord" and drop TV service, with discounts close to nil.


U.S., Greek Worries Weigh Asian Shares

Posted: 12 Nov 2012 06:56 PM PST

Asian markets continued to decline with the Australian market hitting six-week lows amid concerns over the U.S. fiscal cliff. The S&P/ASX 200 fell 1.0%.

MTV Hires Programming Chief

Posted: 12 Nov 2012 04:44 PM PST

Amid a ratings slump, Viacom's MTV named TV veteran Susanne Daniels as its new president of programming.

Europe's Banks Hoard Cash, but Pace Slows

Posted: 12 Nov 2012 05:36 PM PST

Europe's biggest banks are continuing to stash more money at central banks, a move that reflects their lingering fears about the financial system despite signs of improvement. But the trend shows signs of leveling off.

NBCUniversal to Lay Off 100 Employees

Posted: 12 Nov 2012 04:53 PM PST

About 100 people are expected to be laid off by NBCUniversal in the next few days, part of a broader series of job cuts over the past few months that will reach about 500 by the end of this week.


Lenders at Odds Over Greek Debt

Posted: 12 Nov 2012 04:48 PM PST

Differences among Greece's official lenders about how to reduce the country's debt to manageable levels spilled into the open late Monday.


Bents Cleared in Crisis-Era Fraud Case

Posted: 12 Nov 2012 06:21 PM PST

Former money-market fund co-managers Bruce Bent Sr. and Bruce Bent II were cleared of intentional fraud in a federal civil trial, in a high-profile defeat for the SEC in claims stemming from the financial crisis.

Apple Gives In to Employee Perks

Posted: 12 Nov 2012 05:02 PM PST

When it comes to keeping employees happy, Apple appears to be taking some inspiration from Google.


Investors Like How BRICs Stack Up

Posted: 12 Nov 2012 06:24 PM PST

Led by rising demand for Chinese stocks and bonds, BRIC markets—China, Brazil, Russia and India—have outperformed their emerging-market peers.

Grain Prices Take a Tumble

Posted: 12 Nov 2012 04:17 PM PST

Soybean, corn and wheat prices tumbled amid concerns about higher-than-expected crop supplies and a less-bullish outlook by some analysts.

Peet's Coffee Hires New CEO

Posted: 12 Nov 2012 02:42 PM PST

Peet's Coffee tapped David Burwick as its new CEO and president. Burwick was most recently WeightWatchers' president of North America.

Verizon Wireless to Pay $8.5 Billion to Owners

Posted: 12 Nov 2012 04:59 PM PST

Dividend to shareholders of the biggest U.S. mobile network will be paid by the end of the year, and follows a $10 billion payout in 2011.

For Sinopec, Team Ball Is the Way to Win the West

Posted: 12 Nov 2012 05:41 PM PST

With the ink barely dry on China Petrochemical's $1.5 billion investment deal with Canada's Talisman Energy, the state-controlled Chinese company's chairman says it is already exploring ways to widen the partnership.

Who Will Fix Pilot Crisis?

Posted: 12 Nov 2012 04:25 PM PST

A looming U.S. airline pilot shortage is prompting novel proposals for expanding participation in flight-training programs.


U.S. Firms Face British Grilling on Tax Practices

Posted: 12 Nov 2012 02:06 PM PST

Google, Amazon and Starbucks were accused of being immoral and manipulative in their U.K. tax affairs during a parliamentary hearing. The companies denied the accusations.