"Wallstreet" Reader

"Wallstreet" Reader

U.S. Pressures Turkey Over Iran Trade

Posted: 30 Nov 2012 06:16 PM PST

Washington and Ankara are on a collision course over Turkey's surging sales of gold to Iran, as the U.S. Congress and Treasury focus on cutting off the trade.

KKR Can't Crack Japan's Deal Club

Posted: 30 Nov 2012 04:33 PM PST

The story of how KKR was shouldered aside in a bid to acquire chip maker Renesas underscores the hurdles private-equity firms face in Japan.


What Cliff? Markets See Deal on Horizon

Posted: 30 Nov 2012 05:07 PM PST

One reality has emerged since fiscal negotiations began in earnest Nov. 16: Markets believe the parties will strike a deal.

The Unusual Case of Duke Energy

Posted: 30 Nov 2012 06:46 PM PST

North Carolina regulators this week made a highly unusual intrusion into corporate management when they brokered an agreement that requires the company's CEO to step down by next year.

FedEx to Raise Ground, Home Delivery Rates

Posted: 30 Nov 2012 05:14 PM PST

FedEx will raise its shipping rates for ground and home delivery by an average of 4.9% in 2013.

Dover Buys Maker of Glass Doors for Refrigerator Cases

Posted: 30 Nov 2012 02:44 PM PST

Dover acquired glass-door maker Anthony International from private-equity firm Avista Capital Partners for $602.5 million, giving the diversified industrial company a supplier for its commercial refrigerator-case business.

IAG Files Suit Against Iberia Union

Posted: 30 Nov 2012 09:36 AM PST

International Consolidated Airlines said it has lodged a lawsuit against the union representing pilots at its Iberia unit in connection with strikes in late 2011 and early 2012.

Toyota Tackles Its Graying Workforce

Posted: 30 Nov 2012 07:53 PM PST

Toyota is offering retirement incentives to 2,000 U.S. manufacturing workers, a sign of a more mature phase here that could further erode its labor-cost advantage over domestic rivals.

High Court to Review Patents on Genes

Posted: 30 Nov 2012 05:15 PM PST

The Supreme Court said it will decide whether isolated human genes can be patented, a long-unsettled legal question with broad implications for biotech companies and medical researchers.

Financier Gets 50 Years for $200 Million Fraud

Posted: 30 Nov 2012 03:56 PM PST

Timothy S. Durham, who ran National Lampoon and buyout firm Obsidian Enterprises, was a major Republican donor in Indiana.

Copper Hits 6-Week High

Posted: 30 Nov 2012 11:55 AM PST

The metal rose 2.9% this week on signs of improved demand from China and the U.S., the top two copper-consuming countries.

France Won't Nationalize ArcelorMittal Steel Plant

Posted: 30 Nov 2012 03:46 PM PST

The French government said it had ruled out nationalizing a steel plant that ArcelorMittal wanted to partially close, after receiving assurances from the steel giant it would invest in the complex and not cut jobs.

NYSE Snags Infosys From Nasdaq

Posted: 30 Nov 2012 11:51 AM PST

NYSE nabbed a big one in its stock-listing arms race against rival Nasdaq, persuading Indian tech giant Infosys to move its listing to the Big Board.

Canadian Official Pushes GM Stake Sale

Posted: 30 Nov 2012 01:37 PM PST

A top Canadian provincial official said the government should sell its approximately 9% stake in General Motors as soon as possible.

Banks Fire Back at Deposit Guarantee

Posted: 30 Nov 2012 05:19 PM PST

Big banks are urging lawmakers not to extend unlimited guarantees for about $1.4 trillion in bank deposits, a move that pits them against smaller banks and the top Senate Democrat.

EADS Weighs a Big Buyback

Posted: 30 Nov 2012 05:34 PM PST

The Airbus parent is considering buying up a large portion of its own shares as part of a planned restructuring of the aerospace giant's shareholder base.

China Worries Gnaw at Yum Shares

Posted: 30 Nov 2012 05:31 PM PST

Yum Brands shares fell sharply after the owner of Taco Bell and KFC said its sales in China have softened and that its earnings growth next year is likely to be weaker than expected.

iPhone 5 Debuts in China Dec. 14

Posted: 30 Nov 2012 09:35 AM PST

Apple said its iPhone 5 smartphone will be available for sale in China on Dec. 14, following recent regulatory approval by the Chinese government.

VeriSign Limited in Raising Prices

Posted: 30 Nov 2012 10:16 AM PST

Regulators renewed VeriSign's status as a major Internet registry operator but constrained its ability to raise prices, sending the company's shares tumbling Friday.


J&J CEO Gorsky to Be Chairman

Posted: 30 Nov 2012 07:14 AM PST

J&J named its new chief executive, Alex Gorsky, as its new chairman, completing a leadership transition for the health-care company as its former leader, William Weldon, plans to retire next year.