"Wallstreet" Reader

"Wallstreet" Reader


Fed's Williams: Fed Not Near Limit on Bond Buying

Posted: 21 Nov 2012 02:52 PM PST

The Federal Reserve isn't near a limit on how many Treasury or mortgage-backed securities it can purchase, Fed President John Williams saidl.


Oil Prices May Fall, Despite Mideast

Posted: 21 Nov 2012 07:43 PM PST

Mideast politics can push oil prices around in the short term, but the broader outlook is one of falling prices.


Renault Wins Concessions in Spain

Posted: 21 Nov 2012 05:24 PM PST

French auto maker Renault plans to hire additional workers and make new car models in Spain after wrangling concession from local unions, putting pressure on its French unions to cut similar deals.


Japan Posts Trade Deficit

Posted: 21 Nov 2012 06:44 PM PST

Japan posted its fourth straight monthly trade deficit as exports to China continued to slump amid territorial tensions between Tokyo and Beijing, stoking concerns that Japan is headed for a recession.


GM Secures Deal With Ally Financial

Posted: 21 Nov 2012 04:01 PM PST

General Motors clinched a $4.2 billion deal Wednesday to purchase Ally Financial's European, Latin American and China operations, doubling the size of the auto maker's lending arm.


Manufacturing Picks Up in China

Posted: 21 Nov 2012 07:52 PM PST

A gauge of nation-wide manufacturing activity in China rose in November from October, which will likely ease concerns about the state of the world's second-largest economy.


Reckitt Benckiser Buys Schiff Nutrition

Posted: 21 Nov 2012 03:08 PM PST

Consumer-products maker Reckitt Benckiser signed a $1.4 billion deal to acquire Schiff Nutrition, outbidding Bayer.

Germany's Mixed Signals Complicate Greek Talks

Posted: 21 Nov 2012 02:15 PM PST

Mixed messages from Germany's Finance Minister Schäuble, contradicting his country's official policy, complicated talks over Greece's bailout Tuesday night.

Life Insurers Ramp Up Use of 'Captives'

Posted: 21 Nov 2012 01:44 PM PST

MetLife, AIG and ING have been among the biggest users of affiliated reinsurance entities such as so-called captives to help meet capital requirements, according to information firm SNL Financial.

EU Leaders Set for Showdown

Posted: 21 Nov 2012 06:32 PM PST

European Union leaders are headed to Brussels for a big showdown over the bloc's spending budget, in a battle that pits richer against poorer member states, the East of the continent against the West, and the U.K. against almost everyone else.

St. Jude Shares Slide on FDA Report

Posted: 21 Nov 2012 01:44 PM PST

An inspection report detailing lapses at St. Jude's heart-device factory in Sylmar, Calif., renewed investor concerns over the future of a key product, sending shares plummeting to a three-year intraday low.

H-P Disappoints Beyond Autonomy Mess

Posted: 21 Nov 2012 07:55 PM PST

Hewlett-Packard's allegations of accounting fraud at its Autonomy software unit overshadowed another rough quarter for the technology company.


Judge Clears Hostess to Launch Liquidation

Posted: 21 Nov 2012 07:32 PM PST

Hostess Brands secured a bankruptcy judge's permission Wednesday to go out of business and put thousands of employees out of work after a failed last-ditch mediation session.


ESPN Strikes Deal for College Football Playoff

Posted: 21 Nov 2012 10:51 AM PST

The sports network signed a 12-year, $5.6 billion deal to air college football's new postseason games once they launch in 2014.


Santander Weighs IPO of Car-Finance Arm

Posted: 21 Nov 2012 08:01 PM PST

Spain's Banco Santander is moving to launch an initial public offering of its fast-growing American car-financing unit.


Cantor Fined Over Fund Lapse

Posted: 21 Nov 2012 11:22 AM PST

Cantor Fitzgerald was fined by the CFTC for transferring money out of customer accounts, triggering a temporary shortfall for customers only a few months after the giant customer-funds hole emerged at MF Global.

Treasury to Sell $159 Billion

Posted: 21 Nov 2012 08:46 AM PST

The offerings include $35 billion in two-year notes and $29 billion in seven-year securities.

Chinese Liquor Makers Take Hit

Posted: 21 Nov 2012 06:05 PM PST

Chinese product-safety officials found excessive levels of a potentially toxic chemical in a sample of baijiu, putting increased scrutiny on the $47 billion industry that makes the white spirits.

Nespresso Reshuffles as Rivals Wade In

Posted: 21 Nov 2012 05:58 PM PST

Nestlé announced a switch in management for its capsule coffee segment as the European market slows and competition heats up.

Oil Stockpiles Fall

Posted: 21 Nov 2012 08:29 AM PST

Crude prices held on to gains after the government reported an unexpected drop in U.S. oil inventories last week.