"Wallstreet" Reader

"Wallstreet" Reader


Tight Races in Florida, Ohio

Posted: 06 Nov 2012 08:01 PM PST

Obama and Romney were locked in a tight race in Florida, early election results showed. Obama was narrowly leading in Ohio, a state considered critical for both sides.


Ballot Confusion Leads to Voter Ire

Posted: 06 Nov 2012 07:25 PM PST

Voters across the tri-state area struggled to cast ballots on Tuesday, with long lines in New York and confusion over an email voting system dashed together to help voters displaced by Sandy.

The New Haven for Investors

Posted: 06 Nov 2012 06:30 PM PST

Bonds of Exxon and Johnson & Johnson are trading with yields below those of comparable Treasurys, a sign that investors perceive them as a safer bet. It could ultimately mean some companies will borrow at lower rates than the U.S. government.

McMahon Loses Second Conn. Senate Bid

Posted: 06 Nov 2012 06:48 PM PST

Rep. Christopher Murphy was elected to the U.S. Senate on Tuesday, handing a second-straight defeat to former wrestling executive Linda McMahon.

J.P. Morgan, SEC Near Pact on Mortgage Bonds

Posted: 06 Nov 2012 05:48 PM PST

J.P. Morgan is close to a settlement with the Securities and Exchange Commission that would end one probe into how the company's Bear Stearns unit packaged and sold home loans to investors.

McGraw-Hill in Talks to Sell Unit to Apollo

Posted: 06 Nov 2012 05:57 PM PST

McGraw-Hill is in exclusive discussions to sell its education unit to Apollo Global Management, and the two sides could reach an agreement within a few weeks, people familiar with the matter said.

Winner Faces World of Challenges

Posted: 06 Nov 2012 06:20 PM PST

The next White House occupant will face an array of world threats and decisions, from Mexico to the Mideast to China.


Not Everyone Is Happy to See Political Ads End

Posted: 06 Nov 2012 07:21 PM PST

The monthslong barrage of political ads will come to a sudden halt Wednesday, and most people will be thrilled. But an elite cadre of voice-over actors will miss the income and excitement of the extra work.


Asian Shares Little Changed As U.S. Poll Results Roll In

Posted: 06 Nov 2012 07:17 PM PST

Asian shares were little changed in cautious trading as investors awaited the outcome of the U.S. presidential election. The Nikkei fell 0.1%.

Novartis Heart Drug Shows Mixed Results

Posted: 06 Nov 2012 05:02 PM PST

Novartis showed mixed results from a late-stage study on an experimental treatment for acute heart failure, a widespread condition for which no specific treatments are available.

Tea Party Battles for Corner of Ohio

Posted: 06 Nov 2012 06:18 PM PST

Ohio's Portage County is expected to favor Obama. But if that happens, it won't be for lack of trying by the tea-party movement, which has taken up local issues important to both Democrats and Republicans.


Goldman Partners Pocket $22 Million

Posted: 06 Nov 2012 04:54 PM PST

Business is tough at Goldman Sachs, but the past is paying off: More than 30 executives, including CEO Lloyd Blankfein, recently cashed in stock options awarded in the afterglow of the company's IPO in 1999.

MetLife Nears Big D.C. Buy

Posted: 06 Nov 2012 05:02 PM PST

MetLife is close to an agreement to buy the Constitution Center in Washington for $750 million, according to people familiar with the transaction.

Madoff Recoveries Increase

Posted: 06 Nov 2012 07:03 PM PST

More than half of investors' funds have been recovered nearly four years after Bernard Madoff's arrest for running the biggest Ponzi scheme ever.

GOP Heads Toward House Win

Posted: 06 Nov 2012 07:58 PM PST

Democratic hopes of recapturing majority fade as results come in.


Google's Brin Calls U.S. a 'Bonfire of Partisanship'

Posted: 06 Nov 2012 06:42 PM PST

Google co-founder Sergey Brin decried the fierce partisan battles in Washington and called on Tuesday's victors to withdraw from their political parties and to govern as independents.

French Banks Try Some U.S. Medicine

Posted: 06 Nov 2012 04:40 PM PST

In a shift, French banks are embracing a practice popular in the U.S. What is raising eyebrows is that it involves the creation of financial instruments that led to huge losses not so long ago.

Outside Groups Spent Big, but Impact Isn't Clear-Cut

Posted: 06 Nov 2012 04:35 PM PST

Interest groups on both sides of the political aisle spent a record sum on the election. Less certain is whether that spending made much of a difference.


What's Gone Wrong With H-P?

Posted: 06 Nov 2012 05:59 PM PST

Hewlet-Packard's stock is trading near 10-year lows and the tech giant is in the middle of yet another restructuring. A look at H-P's problems, and how CEO Meg Whitman plans to fix them.

Black Turnout Key for Obama in Virginia

Posted: 06 Nov 2012 06:05 PM PST

President Obama's strategy for competing in the crucial swing state of Virginia relied on voters like Cineta Harris, a 20-year-old African-American who voted in her first presidential election.