"Wallstreet" Reader

"Wallstreet" Reader

News Corp. Nears Deal for YES Stake

Posted: 14 Nov 2012 07:58 PM PST

News Corp. is closing in on a deal to buy a minority stake in New York regional sports network YES.

FDA Cites 13 Deaths Possibly Related to Energy Drink

Posted: 14 Nov 2012 07:32 PM PST

The Food and Drug Administration said it has received reports of 13 deaths since 2008 possibly related to the use of 5-hour Energy shots, a disclosure that could heighten scrutiny of drinks and dietary supplements that promise to deliver an energy boost.

Air Force Combats Sex Misconduct

Posted: 14 Nov 2012 06:54 PM PST

The Air Force is taking broad measures to prevent sexual misconduct against recruits during basic training, after an investigation into dozens of allegations of sexual harassment.

Stock Drop Scrambles IPO Plans

Posted: 14 Nov 2012 06:14 PM PST

Three initial public offerings that had been scheduled for Wednesday were delayed as slumping stock markets had firms rethinking their plans.

Court Fight Over Madoff Suicide

Posted: 14 Nov 2012 07:31 PM PST

Mark Madoff's widow is fighting a court-appointed trustee's demand for millions of dollars in cash and real estate, arguing that her husband's suicide entitles her to the property.

U.K. Regulators Wrangle in Libor Probe

Posted: 14 Nov 2012 06:01 PM PST

U.K. regulatory officials are pushing to ensure that the still-unfolding interest-rate-fixing scandal doesn't become synonymous with London's banking industry.

Asian Shares Mostly Lower; Weaker Yen Lifts Japanese Shares

Posted: 14 Nov 2012 06:28 PM PST

Asian shares were mostly lower Thursday, with the Australian market touching a 7-week low while a stronger yen lifted Japanese shares. The S&P/ASX 200 fell 1.1%.

Winter Forecast Fueling a Gas Rally

Posted: 14 Nov 2012 06:04 PM PST

Prices have almost doubled from April's lows, hitting their highest levels since November 2011. Investors and analysts expect demand to continue accelerating as cold temperatures in the U.S. set in.

Some Firms Shun Looser IPO Rules

Posted: 14 Nov 2012 05:26 PM PST

Executives say the relaxed financial reporting and accounting standards could turn off investors who demand more transparency and disclosure.

Norton Rose, Fulbright to Create Law Giant

Posted: 14 Nov 2012 05:13 PM PST

U.K.-based global law firm Norton Rose is entering the U.S. market to merge with Texas-based Fulbright & Jaworski to create one of the world's largest law firms, with 3,800 lawyers in 55 offices.

Retailers Put Black Friday Specials Online

Posted: 14 Nov 2012 04:31 PM PST

Retailers increasingly are turning their attention to online shoppers with Black Friday specials offered to Internet customers as well as those trudging to the mall.


Hepatitis C Drug Derailed by Deal

Posted: 14 Nov 2012 04:33 PM PST

The derailment of a promising hepatitis C treatment show how sometimes drugs can die not because they don't work, but because they don't make business sense.

Drop in Ratings for DVR Viewing Mirror Live TV

Posted: 14 Nov 2012 03:28 PM PST

Audiences watching broadcast TV via digital video recorders have been declining at about the same rate as "live" viewership, new data show.

Texas Instruments to Cut Nearly 5% of Its Workforce

Posted: 14 Nov 2012 03:05 PM PST

Texas Instruments said it will cut about 1,700 jobs, or 4.8% of its global workforce, in a cost-reduction move as it shifts away from the mobile market.

U.S., European Jitters Sap Global Ad Spending

Posted: 14 Nov 2012 12:52 PM PST

Economic jitters in Europe and the U.S. will continue to weigh on global advertising spending, despite a bounce back in October from sharp declines in September, ad and media executives said Wednesday.

Hostess Will Launch Liquidation if Strikes Continue

Posted: 14 Nov 2012 02:47 PM PST

Hostess Brands announced Wednesday that it would move to liquidate its iconic baking business if striking union members didn't return to work by Thursday evening.

Groupon Names Operations Chief

Posted: 14 Nov 2012 02:29 PM PST

Groupon named a new chief operating officer, elevating Kal Raman to the position as the daily coupon service seeks to reshape itself and regain investor confidence.

Guilty Plea in $53 Million Public Theft

Posted: 14 Nov 2012 01:57 PM PST

The former comptroller of a small Illinois city pleaded guilty to fraud for stealing more than $53 million through her job over two decades, money she used to fund a luxurious lifestyle that included raising champion show horses.

NBC Names Executive Producer of 'Today' Show

Posted: 14 Nov 2012 02:38 PM PST

NBC named Don Nash, the longtime number two at NBC's "Today" show, as the new executive producer, charged with rebooting the struggling morning show.

China Committee Drops Bank Chief

Posted: 14 Nov 2012 11:49 AM PST

People's Bank of China Governor Zhou Xiaochuan has been dropped from the Communist Party's Central Committee, in the latest sign that he is approaching retirement.