"Wallstreet" Reader

"Wallstreet" Reader

U.K. Hems In Cyprus Banks

Posted: 20 Nov 2012 06:56 PM PST

Nervous about exposure to Cyprus's ailing financial system, British regulators have pushed the Mediterranean island's top two banks to restructure their U.K. arms to allow for greater local oversight.

BOJ Keeps Policy Unchanged

Posted: 20 Nov 2012 06:04 PM PST

Japan's top central banker took the unusual step of weighing in on the country's parliamentary election campaign, criticizing the platform of the front-runner for prime minister as "unrealistic" and "negative" for the economy.

Asian Shares March Higher

Posted: 20 Nov 2012 06:56 PM PST

Japanese stocks got a lift from the weaker yen as Asian markets notched slight gains Wednesday, but resources companies underperformed in Australia after a slide in commodity prices.

Bonuses in Bankruptcy Harder to Get

Posted: 20 Nov 2012 05:54 PM PST

The government is increasingly having success in preventing executives whose companies are in bankruptcy from collecting bonuses. Some advisers say that is not always the right approach.


Fed Still Trying to Push Down Rates

Posted: 20 Nov 2012 07:10 PM PST

Bernanke suggested the central bank will keep trying to push down long-term interest rates in 2013, as federal tax and spending policies become a more substantial headwind to the U.S. economy.


H-P Says It Was Duped in Deal

Posted: 20 Nov 2012 07:44 PM PST

Hewlett-Packard said it was duped into overpaying for U.K. software maker Autonomy, one of its largest acquisitions, leading to an $8.8 billion write-down and a huge quarterly loss.


Guilty Plea Comes in 'Robo-Signing' Scandal

Posted: 20 Nov 2012 03:56 PM PST

The former executive of a company that provided documentation used by banks in the foreclosure process pleaded guilty to participating in a six-year mortgage-forgery scheme.

Flying Spirit's 'Dollar Store' to Profit

Posted: 20 Nov 2012 04:10 PM PST

Spirit Airlines has pioneered a path to consistent profits by, as Chief Executive Ben Baldanza puts it, becoming the dollar store of the sky. Mr. Baldanza talked to The Wall Street Journal about his airline's unorthodox operations and what's ahead for customers.

Foursquare Faces Valuation Doubts

Posted: 20 Nov 2012 03:26 PM PST

Foursquare is having troubles convincing investors that its valuation shouldn't shrink, a sign of a cooling toward social media startups in the wake of Facebook's messy initial public offering.

Lululemon, Calvin Klein to Settle Yoga-Pants Suit

Posted: 20 Nov 2012 06:38 PM PST

Lululemon Athletica and Calvin Klein agreed to settle a patent suit over yoga pants, the companies said, though kept details of the deal confidential.

U.S. Agency Won't Stop Protests at Wal-Marts

Posted: 20 Nov 2012 06:36 PM PST

Wal-Mart won't be able to get an injunction in time to halt protests planned at its stores during Thanksgiving weekend, according to federal labor officials who are still evaluating a complaint the retailer filed last week.

DreamWorks Releases Software Used in 'Guardians'

Posted: 20 Nov 2012 02:39 PM PST

DreamWorks released onto the open market one of the primary software tools used to create the $145 million animated film, "Rise of the Guardians."

Hostess to Liquidate After Mediation Fails

Posted: 20 Nov 2012 06:55 PM PST

Hostess Brands will continue down the path to a full liquidation after a last-ditch mediation session with its striking bakers' union failed to save the Twinkie maker.


News Corp. Eyes Book Publisher

Posted: 20 Nov 2012 05:34 PM PST

News Corp., owner of HarperCollins Publishers, has expressed interest to CBS Corp. about acquiring its Simon & Schuster book business.

Time Warner Renews Bewkes Contract

Posted: 20 Nov 2012 01:59 PM PST

Time Warner Chairman and CEO Jeff Bewkes renewed his contract, extending his term through 2017.

Boeing Engineers Cool on Deal

Posted: 20 Nov 2012 02:18 PM PST

Boeing engineers moved a step closer to strike action after union leaders gave a cool reception to the aerospace company's latest proposal for a new contract.

Morgan Keegan Ordered to Pay Ex-NBA Star

Posted: 20 Nov 2012 02:42 PM PST

Wall Street's self-regulator has ordered Morgan Keegan to pay former basketball star Horace Grant the award issued by an arbitration panel by early next month or face suspension.

Credit Suisse Sued Over Alleged Crisis-Era Fraud

Posted: 20 Nov 2012 01:28 PM PST

New York's attorney general accused Credit Suisse of an $11.2 billion fraud, saying the bank ignored its due-diligence standards to maintain good relations with mortgage originators and ensure a steady pipeline of loans to package into securities.

Singapore Firm Has Yangon Plans

Posted: 20 Nov 2012 12:53 PM PST

Singapore's Yoma Strategic Holdings is raising funds for a mixed-use residential and commercial property project in Myanmar.

Ministers, IMF Meet on Greece

Posted: 20 Nov 2012 05:59 PM PST

Euro-zone finance ministers and IMF officials met Tuesday night seeking a solution to Greece's debt problems after months of uncertainty about whether Europe will be willing to pay the price of keeping Greece in the euro zone.