"Wallstreet" Reader

"Wallstreet" Reader


Deal Makers Scramble as Cliff Nears

Posted: 29 Nov 2012 07:37 PM PST

Deal makers and their clients are hustling to sell chunks of stock or whole companies before possible tax increases in the new year.


Firms Flood Bond Market

Posted: 29 Nov 2012 06:51 PM PST

The debt sales will help fund special dividends for shareholders ahead of an expected increase in dividend taxes.

Editor Is Snared in Trading Probe

Posted: 29 Nov 2012 07:55 PM PST

When Michael Baron's buddies passed on a hot stock tip at a basketball game last year, the senior editor for TheStreet.com gave it little thought. A year later, the FBI came knocking and told him something he never expected to hear.


Asian Share Markets Up on Fiscal Cliff Optimism

Posted: 29 Nov 2012 07:35 PM PST

Asian shares rose amid optimism that progress was being made on talks over the U.S. fiscal impasse. The Hang Seng added 0.7%.

Windows 8 Gets a Slow Start

Posted: 29 Nov 2012 06:27 PM PST

Windows 8 software is off to a slow start, failing to boost demand for Microsoft computers.

Qihoo 360's Zhou Hongyi: Taking Aim at China's Internet

Posted: 29 Nov 2012 06:43 PM PST

Internet entrepreneur Zhou Hongyi has set out to capture a chunk of China's $3.3 billion search market, an area so dominated by Baidu that the company is often called the Google of China.

U.S., Europe to Huddle on Google Probes

Posted: 29 Nov 2012 07:08 PM PST

Top U.S. and European Union antitrust officials meet next week to discuss their cases against Google and others, amid signs that probes of the Internet search firm may not conclude at the same time.

Anglo Narrows Search for New CEO

Posted: 29 Nov 2012 05:57 PM PST

The board of Anglo American has narrowed its search for a new chief executive and is aiming to announce a pick by mid-January, people close to the company say.

Regulators Air Captive Concerns

Posted: 29 Nov 2012 05:34 PM PST

State regulators said they were concerned with the way some life insurers have used affiliated companies to boost their reserves, arguing that these instances show the need for more disclosures on the use of so-called captive reinsurers.

Facebook Dings Zynga

Posted: 29 Nov 2012 06:26 PM PST

Facebook and Zynga have amended an agreement to allow the social network to develop its own games, sending Zynga shares tumbling 11% after hours.

Duke CEO Forced Out in Settlement

Posted: 29 Nov 2012 07:05 PM PST

Duke Energy CEO Jim Rogers is retiring, and the Duke board will be overhauled in a sweeping settlement with North Carolina regulators over a controversial boardroom coup last summer.

Air Force, Lockheed Cite F-35 Progress

Posted: 29 Nov 2012 05:38 PM PST

The head of the U.S. Air Force on Thursday warned against further cuts in a costly new jet fighter program.

Judge Blesses Hostess Liquidation as Buyers Circle

Posted: 29 Nov 2012 02:24 PM PST

Hostess Brands gained final approval to shut down its 85-year-old baking business and start selling off the pieces with up to $1.8 million earmarked as bonuses for managers overseeing the liquidation.

Groupon Board Keeps Mason on as Its CEO

Posted: 29 Nov 2012 06:24 PM PST

Andrew Mason remains Groupon's chief executive after a board meeting ended with no change to the CEO position.

Barclays to FERC: We'll Fight $470 Million Fine

Posted: 29 Nov 2012 01:39 PM PST

Barclays said it would go to U.S. district court to fight fines of nearly $470 million from the Federal Energy Regulatory Commission for alleged electricity-market manipulation.

Ranbaxy Halts Production of Generic Lipitor

Posted: 29 Nov 2012 06:05 PM PST

Ranbaxy stopped production of its generic version of cholesterol-lowering drug Lipitor as the company investigates what caused tiny glass particles to appear in some bottles, triggering a large recall earlier this month.

GM Pickups to Have Softer Styling

Posted: 29 Nov 2012 01:37 PM PST

General Motors plans to steer the styling of its top-selling pickup trucks away from the rugged looks of the past decade when it launches redesigned Chevrolet Silverado and GMC Sierra models next year.

Knight Is Faced With Tough Decision

Posted: 29 Nov 2012 04:55 PM PST

It won't be easy for Knight Capital Group Inc. directors to decide between the two offers to acquire the struggling brokerage firm.

Greece Sets Plan to Pay Bills

Posted: 29 Nov 2012 10:28 AM PST

Greece took the first steps to pay off billions of euros in arrears to private-sector companies and individuals—some dating back several years—once it receives its next cash infusion from its international creditors.

Air-Cargo Demand Sags

Posted: 29 Nov 2012 10:45 AM PST

Global air-cargo demand continued to slide in October, while superstorm Sandy is estimated to have cost airlines more than $500 million in lost revenue.