"Wallstreet" Reader

Thomson Reuters Profit Rises
Uncle Sam to Assist Strapped Muni Budgets
Canada Extends Review of Cnooc-Nexen Deal
Safety Board Wins More Access to Flight Data
Colombian Watchdog Seizes Brokerage
Gene-Therapy Approval Marks Milestone
Berkshire Buys Oriental Trading
Labor Market Inches Forward
SEC Asked Groupon for Financial Disclosures
Hartford to Buy Out Annuities
Chesapeake Asset Sales May Slip Into Early 2013
Ally Financial Swings to Profit
Canada Job Creation Slows Sharply
Fortress Logs Solid Profit
Restoration Hardware Jumps 30% After IPO
E*Trade Answers Inner Critic
Washington Post Swings to Profit
Israeli Government Blow to Potash Corp. Over ICL
For Business, Vote Holds High Stakes
Chevron's Profit Falls by a Third

Thomson Reuters Profit Rises

Posted: 02 Nov 2012 09:14 PM PDT

Thomson Reuters's third-quarter profit rose 24% as the company benefited from one-time gains, but revenue declined.

Uncle Sam to Assist Strapped Muni Budgets

Posted: 02 Nov 2012 08:38 PM PDT

Flooded streets and washed-out homes suggest bleak times for municipalities in Sandy's wake, but emergency financing from the federal government should soften the blow for cities and investors alike.

Canada Extends Review of Cnooc-Nexen Deal

Posted: 02 Nov 2012 05:14 PM PDT

Canada's government has delayed a final decision in its review of Chinese state-controlled oil giant Cnooc's $15.1 billion proposed buyout of Canada's Nexen, extending the review until next month.

Safety Board Wins More Access to Flight Data

Posted: 02 Nov 2012 05:06 PM PDT

The National Transportation Safety Board is about to gain access to confidential incident reports that will expand its role as an air-safety watchdog, government and industry officials said.

Colombian Watchdog Seizes Brokerage

Posted: 02 Nov 2012 02:32 PM PDT

Colombia's securities regulator on Friday seized Interbolsa, one of the Andean nation's biggest brokerage houses, citing a liquidity squeeze that government officials say is limited to the firm.

Gene-Therapy Approval Marks Milestone

Posted: 02 Nov 2012 08:10 PM PDT

The EU approved for sale the Western world's first gene-therapy drug, a medicine that introduces functioning genes to patients whose defective genes cause disease.

Berkshire Buys Oriental Trading

Posted: 02 Nov 2012 05:53 PM PDT

Berkshire Hathaway said it agreed to buy Oriental Trading, a mail-order toy and novelty retailer owned by private-equity firm KKR and a group of other investors.

Labor Market Inches Forward

Posted: 02 Nov 2012 08:29 PM PDT

The nation's final employment report before Tuesday's election showed the economy has gained momentum recently but is still growing far below its potential, helping both candidates frame their closing arguments to voters.

SEC Asked Groupon for Financial Disclosures

Posted: 02 Nov 2012 01:49 PM PDT

The SEC this summer began pressing Groupon to disclose more details on revenue from its new business lines and on reasons behind the daily-deal site's financial revision this spring.

Hartford to Buy Out Annuities

Posted: 02 Nov 2012 05:56 PM PDT

Hartford Financial Services Group has become the latest big life insurer to offer owners of variable annuities with lifetime income guarantees.

Chesapeake Asset Sales May Slip Into Early 2013

Posted: 02 Nov 2012 02:03 PM PDT

Shares of Chesapeake Energy fell nearly 8% Friday after executives said the cash-strapped natural-gas giant may delay plans to sell assets and reduce debt.

Ally Financial Swings to Profit

Posted: 02 Nov 2012 01:03 PM PDT

Ally Financial swung to a third-quarter profit on a rise in mortgage operation income and the absence of charges related to its subprime mortgage subsidiary Residential Capital.

Canada Job Creation Slows Sharply

Posted: 02 Nov 2012 08:18 AM PDT

Canada's economy added only about one-fifth the number of net new jobs expected in October. The unemployment rate held steady at 7.4%.

Fortress Logs Solid Profit

Posted: 02 Nov 2012 09:26 AM PDT

Fortress Investment Group posted a better-than-expected rise in third-quarter earnings as the value of its investment portfolios rose sharply.

Restoration Hardware Jumps 30% After IPO

Posted: 02 Nov 2012 08:25 PM PDT

Restoration Hardware got off to a strong start in its public-trading debut, a firm reboot for the furniture retailer that was taken private amid the housing downturn.

E*Trade Answers Inner Critic

Posted: 02 Nov 2012 06:34 PM PDT

E*Trade Financial is reviewing how it handles customer trades after Kenneth Griffin, a board member and head of the brokerage firm's largest shareholder, Citadel LLC, raised concerns about its order-execution practices.

Washington Post Swings to Profit

Posted: 02 Nov 2012 11:54 AM PDT

Washington Post posted a profit as the company recorded fewer restructuring charges, although revenue was flat as its education division continued to struggle.

Israeli Government Blow to Potash Corp. Over ICL

Posted: 02 Nov 2012 10:42 AM PDT

The Israeli government said it won't allow Potash Corp., the world's largest fertilizer producer, to take over or merge with Israel Chemicals because such a deal isn't in the country's interest.

For Business, Vote Holds High Stakes

Posted: 02 Nov 2012 07:41 AM PDT

The outcome of Tuesday's presidential election carries enormous weight for executives of American businesses, big and small, influencing everything from the taxes they are required to pay to the attitudes of regulators who scrutinize them.