"Wallstreet" Reader

"Wallstreet" Reader

Dish Made Bid for MetroPCS Before T-Mobile Deal

Posted: 16 Nov 2012 05:33 PM PST

Dish Network Chairman Charlie Ergen made a bid to acquire MetroPCS in August for about $4 billion, the latest sign that the executive has pursued serious steps to enter the wireless business.

U.S. Closes Antitrust Investigation Into Seed Industry, Monsanto

Posted: 16 Nov 2012 04:18 PM PST

The Justice Department has closed a formal antitrust investigation into the U.S. seed industry, which is led by crop biotechnology giant Monsanto, without pursuing charges

U.S. Sues eBay Over Recruiting Pact With Intuit

Posted: 16 Nov 2012 04:21 PM PST

Ebay said it will fight a Department of Justice lawsuit that alleges that the Internet retailer and financial software provider Intuit signed an illegal agreement to not poach each other's employees.

Tribune to Name Liguori CEO

Posted: 16 Nov 2012 06:56 PM PST

Tribune Co. is expected to name television veteran Peter Liguori as its next CEO, having cleared its last major hurdle to emerging from bankruptcy on Friday.

Gambling Firm Penn to Split Itself in Two

Posted: 16 Nov 2012 06:53 PM PST

Regional casino company Penn National Gaming said it is splitting its gambling operations from its real-estate holdings.

FCC Close To Granting Dish Spectrum Rule Change

Posted: 16 Nov 2012 02:52 PM PST

The FCC is close to approving a swath of the satellite airwaves controlled by Dish Network for use solely on a ground-based cellphone network.

Some Currency Derivatives Exempt From New Rules

Posted: 16 Nov 2012 07:00 PM PST

The move is expected to reduce uncertainty in the $4 trillion-a-day market.

Former Refco Lawyer Found Guilty

Posted: 16 Nov 2012 06:17 PM PST

A longtime lawyer for Refco was convicted of criminal charges Friday in his second trial over his role in a multibillion-dollar fraud at the now-defunct commodities broker.

J.P. Morgan, Credit Suisse Settle SEC Case

Posted: 16 Nov 2012 04:30 PM PST

The settlements, totaling more than $400 million, represent the SEC's first tangible victory in a wide-ranging investigation into Wall Street's sale of mortgage-backed securities.

Netflix Chief Not Seeking a Buyer

Posted: 16 Nov 2012 06:31 PM PST

Netflix chief Reed Hastings fired back against investor Carl Icahn, saying he isn't interested in seeking a buyer for the streaming-video and DVD-by-mail service.

'Twilight' Set for Big Weekend

Posted: 16 Nov 2012 03:28 PM PST

The final installment of the "Twilight" film series was on track Friday for one of the biggest opening weekends of the year, after taking in an estimated $30.4 million in North America from Thursday night and midnight screenings.

J.M. Smucker's Earnings Rise 17%

Posted: 16 Nov 2012 11:28 AM PST

J.M. Smucker's fiscal second-quarter earnings rose 17% as lower green-coffee costs helped to improve the food company's margins.

IKEA Regrets Use of Prisoners

Posted: 16 Nov 2012 10:12 AM PST

IKEA, the Swedish furniture company, expressed regret over having profited from the use of prison laborers in East Germany as it issued the findings of an investigation into its activities in the former Communist country.

Foot Locker's Profit Jumps

Posted: 16 Nov 2012 11:27 AM PST

Foot Locker's fiscal third-quarter profit jumped 61% as new colors and materials used in the latest athletic gear continue to resonate with consumers and gave the retailer's sales a boost.

Twinkie Maker Hostess to Close

Posted: 16 Nov 2012 07:51 PM PST

Hostess Brands, the 85-year-old maker of iconic treats such as Twinkies and Ding Dongs, said it would go out of business after failing to reach agreement on wage and pension cuts with its bakers' union.


Russia, Siemens Sign Locomotive Deal

Posted: 16 Nov 2012 09:44 AM PST

Russia's state-owned railway operator signed a framework agreement with Germany's Siemens for the delivery of 675 locomotives as part of a joint venture with Russia's Sinara Group.

FHA Moves to Avert Injection

Posted: 16 Nov 2012 05:06 PM PST

An audit that shows the FHA faces projected losses of $16.3 billion at the end of September prompted housing officials to announce a series of measures designed to avoid an injection of taxpayer funds.

Letter Raises Scrutiny of Ex-BBC Chief

Posted: 16 Nov 2012 06:47 PM PST

Former BBC head Mark Thompson is coming under increasing fire over when he learned about sex-abuse allegations against the late BBC disc jockey Jimmy Savile.

Visa Gets FTC Request on Debit Cards

Posted: 16 Nov 2012 09:06 AM PST

The Federal Trade Commission has asked Visa for information regarding possible violations of new rules for debit-card processing that took effect under the Dodd-Frank Act.

Virgin America Scales Back Its Growth

Posted: 16 Nov 2012 06:26 PM PST

Five-year-old Virgin America is ending a breakneck growth streak and plans to cancel orders for 20 of 30 Airbus jetliners in the hopes of improving its financial picture by letting its new routes mature.