"Wallstreet" Reader

Sandy Hurts United Continental's Profit
Japan's Weak Economy Seen Contracting
Political Focus Shifts to 'Fiscal Cliff'
Prudential Swings to Loss on Charge
Pharmacy Board Head Fired Over Meningitis
Monster's Growth Slows; Shares Tumble
Asian Shares Fall On U.S. Cue As Investors Focus On Fiscal Cliff
Morgan Stanley Reassures Bankers
Keeping Mum About the 'B Word'
Wall Street Slams On Brakes as Hazards Loom
At Tesco, Expansion Takes a Back Seat
Share-Price Flip-Flop Emerges in China
AT&T Move Signals End of the Copper-Wire Era
Illinois Clears Legal Hurdle in Suit Against S&P
Fannie Notches Profit as Its Fortunes Improve
Hon Hai: iPhone 5 Design Prompts Delay
Qualcomm's Profit Rises 20%
Greece Passes Austerity Deal
Boeing Says Cuts Save $1.6 Billion
Activision Sees a Strong Holiday

Posted: 07 Nov 2012 07:17 PM PST

The parent of United Airlines said superstorm Sandy wiped about $35 million from earnings last month, while bad weather continued to disrupt travel in the U.S. northeast.

Japan's Weak Economy Seen Contracting

Posted: 07 Nov 2012 06:20 PM PST

Japan's current account surplus fell sharply in September, down 68.7% from a year earlier, while machinery orders also declined, the latest figures showing a weak economy that some economists say is now contracting.

Political Focus Shifts to 'Fiscal Cliff'

Posted: 07 Nov 2012 07:37 PM PST

Political leaders vowed to try to avoid the "fiscal cliff" of spending cuts and tax increases that could push the U.S. into another recession.

Prudential Swings to Loss on Charge

Posted: 07 Nov 2012 05:51 PM PST

Prudential swung to a third-quarter loss on a $698 million charge in its discontinued long-term-care insurance unit, as the once-promising business continues to bedevil the industry.

Pharmacy Board Head Fired Over Meningitis

Posted: 07 Nov 2012 04:41 PM PST

Massachusetts' health department has fired the director of its pharmacy board, after he failed earlier this year to investigate a complaint about the pharmacy implicated in the meningitis outbreak.

Monster's Growth Slows; Shares Tumble

Posted: 07 Nov 2012 05:33 PM PST

Monster Beverage's sales and profit rose in the third quarter, but the energy drink maker's slowing growth disappointed investors, triggering a selloff in shares after hours.

Asian Shares Fall On U.S. Cue As Investors Focus On Fiscal Cliff

Posted: 07 Nov 2012 06:26 PM PST

Asian shares fell Thursday tracking Wednesday's sharp declines on Wall Street as investors shifted their focus to the looming U.S. fiscal cliff. The Nikkei fell 1.3%.

Morgan Stanley Reassures Bankers

Posted: 07 Nov 2012 06:55 PM PST

Morgan Stanley moved to reassure its investment bankers that this week's management shake-up won't diminish the role of the firm's deal makers.

Keeping Mum About the 'B Word'

Posted: 07 Nov 2012 06:52 PM PST

More than two dozen companies in the past five years didn't disclose Chapter 11 bankruptcy preparations to investors, according to a Wall Street Journal analysis of regulatory filings.

Wall Street Slams On Brakes as Hazards Loom

Posted: 07 Nov 2012 05:08 PM PST

The Dow Jones Industrial Average sagged 312.95 points, or 2.36%, as investors pondered the fiscal cliff and other challenges.

At Tesco, Expansion Takes a Back Seat

Posted: 07 Nov 2012 05:20 PM PST

Tesco is scrambling to address its missteps at home. In the process, it is no longer focused on adding stores and services and expanding into new markets. Now it prefers to wring the most out of existing operations

Share-Price Flip-Flop Emerges in China

Posted: 07 Nov 2012 05:10 PM PST

Foreign investors are piling into Chinese stocks, snapping them up on the Hong Kong exchange and sending prices soaring. But the same isn't true in mainland China.

AT&T Move Signals End of the Copper-Wire Era

Posted: 07 Nov 2012 05:19 PM PST

AT&T plans to invest $14 billion over the next three years to significantly expand its wireless and wireline IP broadband networks in an effort to support increased customer demand for high-speed Internet.

Illinois Clears Legal Hurdle in Suit Against S&P

Posted: 07 Nov 2012 03:35 PM PST

Illinois's attorney general won a circuit-court ruling to proceed with a lawsuit against Standard & Poor's Ratings Services alleging that the firm misled investors during the financial crisis.

Fannie Notches Profit as Its Fortunes Improve

Posted: 07 Nov 2012 04:02 PM PST

Fannie Mae posted a third-quarter profit, the latest sign that it and fellow mortgage-finance company Freddie Mac are benefiting from the housing-market rebound.

Hon Hai: iPhone 5 Design Prompts Delay

Posted: 07 Nov 2012 03:07 PM PST

A key supplier to Apple said it is shipping "far fewer" new iPhones than requested, because some quality standards still can't be met due to design-related production difficulties.

Qualcomm's Profit Rises 20%

Posted: 07 Nov 2012 02:23 PM PST

Qualcomm reported a sharply higher profit for its latest quarter and issued an upbeat outlook, as the chip maker continued to benefit from strong demand for smartphones.

Greece Passes Austerity Deal

Posted: 07 Nov 2012 02:42 PM PST

Greek lawmakers narrowly approved a multibillion-euro austerity package early Thursday in an effort to win more bailout funds, but the measures also threaten to deepen the country's brutal recession and destabilize its fragile politics.

Boeing Says Cuts Save $1.6 Billion

Posted: 07 Nov 2012 04:21 PM PST

Boeing defense and space business will trim its executive ranks by 30% over 2010 levels by the end of the year, continuing cost cutting moves ahead of expected Pentagon budget cuts.