"Wallstreet" Reader

"Wallstreet" Reader

P&G Looks Into Its Own Guidance

Posted: 12 Jun 2013 06:46 PM PDT

Procter & Gamble is reviewing the way it provides financial forecasts to Wall Street, a move aimed at avoiding stock-price swings when its numbers don't line up with market expectations.

Regulators Question Banks on Lending Risks

Posted: 12 Jun 2013 07:07 PM PDT

U.S. regulators are grilling banks over lending standards and warning them about mounting risks in business loans.

Game's Naked Defense Stirs Concern

Posted: 12 Jun 2013 05:36 PM PDT

Nerf Wars, a weekslong game of tag, has become a springtime rite of passage for many high-school students. But some youngsters have added a twist that is raising concern among authorities and residents.

Timing of Stock Sales Favors Lululemon Insider

Posted: 12 Jun 2013 07:06 PM PDT

Lululemon's chairman sold $50 million worth of stock in the firm through a prearranged trading plan just days before shares slid on the unexpected news the CEO would depart.

Glaxo Probes China Bribe Claims

Posted: 12 Jun 2013 04:53 PM PDT

GlaxoSmithKline is investigating allegations from an anonymous tipster that its sales staff in China was involved in widespread bribery of doctors to prescribe drugs, in some cases for unauthorized uses.

U.K. Committee Says Google Avoids Tax

Posted: 12 Jun 2013 04:34 PM PDT

Google has aggressively avoided paying corporation tax in Britain and its reputation won't be restored until it begins to pay what is due, a U.K. parliamentary committee said.

Coffee Growers Cut Back; Bulls Wake Up

Posted: 12 Jun 2013 04:39 PM PDT

The recent drop in coffee-bean prices has been so steep that farmers are considering other uses for their land, a move that some investors are counting on to reduce a coffee glut and drive a price rebound.

ESPN Pulls Plug on 3-D

Posted: 12 Jun 2013 07:08 PM PDT

ESPN is pulling the plug on its ESPN 3D channel by the end of the year, citing viewers' "low adoption" of the format.

Coty's IPO Prices Within Targeted Range

Posted: 12 Jun 2013 05:56 PM PDT

Coty's initial public offering proved attractive enough to price within its expected range, suggesting healthy investor demand despite the broader market's recent pause.

Debt Levels Build in Leveraged Buyouts

Posted: 12 Jun 2013 06:44 PM PDT

In their BMC Software purchase, Bain Capital LLC, Golden Gate Capital and their co-investors will contribute only 18% from their own cash, the lowest of any buyout with loans exceeding $500 million since 2008.

Fed Board Didn't Vote on Foreclosure Pact

Posted: 12 Jun 2013 03:36 PM PDT

Federal Reserve staffers approved a foreclosure-abuse settlement with banks earlier this year without a formal vote of the central bank's board, a top Fed official said in a letter to Congress.

Ad-Sales Talks Fall Short for Some TV Networks

Posted: 12 Jun 2013 04:41 PM PDT

Major television networks are wrapping up ad-sales negotiations for the coming season, striking deals in some cases weaker than last year, executives say.

Planned EU-U.S. Trade Deal Hits Snag

Posted: 12 Jun 2013 06:21 PM PDT

Negotiating a trade and investment deal between the U.S. and the EU, originally seen as largely a technical discussion over tariffs and regulations, has mushroomed into a debate over the threat to European culture.

Patriot Coal, Union Trade Barbs

Posted: 12 Jun 2013 06:26 PM PDT

Patriot Coals chief executive and the head of its mine worker's union traded barbs Wednesday after the union accused the company of walking out of negotiations to reach new labor terms.

U.S. Stocks Take Another Hit

Posted: 12 Jun 2013 05:58 PM PDT

U.S. stocks closed broadly lower, with the Dow Industrials posting their first three-day string of losses this year.

Clearwire Panel to Back Dish Offer

Posted: 12 Jun 2013 02:10 PM PDT

A special committee of Clearwire's board is planning to push back a shareholder vote and recommend the full board endorse a tender offer from Dish, a move that would shun an earlier takeover agreement with Sprint Nextel.

Fired Glaxo Official Speaks Out

Posted: 12 Jun 2013 04:47 PM PDT

Glaxo's former head of R&D in China—whom the drug company fired this month, saying a scientific paper he helped write contained "misrepresented" data—has denied any involvement in data manipulation.

Nasdaq Names New Stock-Market Chief

Posted: 12 Jun 2013 04:08 PM PDT

Nasdaq OMX appointed Tom Wittman to run its flagship U.S. stock-trading franchise, promoting an executive who has overseen the exchange group's expansion in equity-options trading.

RBS Chief Hester to Step Down

Posted: 12 Jun 2013 03:15 PM PDT

Royal Bank of Scotland Group said Chief Executive Stephen Hester will step down later this year, a move sought by the lender's board as it seeks to end five tumultuous years of government ownership.

Bountiful Crop Forecasts Weigh on Corn

Posted: 12 Jun 2013 02:24 PM PDT

Corn futures prices fell after U.S. forecasts for supplies next year came in higher than expected.