"Wallstreet" Reader

"Wallstreet" Reader

BMI Sues Pandora Over Fees

Posted: 13 Jun 2013 07:27 PM PDT

BMI sued Pandora Media over the Internet radio giant's bid to lower royalty obligations by buying a tiny radio station in South Dakota.

Inflation Is Wild Card for Fed

Posted: 13 Jun 2013 05:53 PM PDT

Many investors have lowered their expectations for future inflation, a shift that could get the attention of Federal Reserve officials as they consider the course of their bond-buying program at a policy meeting next week.

Tokyo Shares Rebound With Dollar

Posted: 13 Jun 2013 06:23 PM PDT

Tokyo stocks were trading higher after falling into bear-market territory Thursday as the dollar recovered some ground against the yen.

Afghan Banks Face New Dollar Troubles

Posted: 13 Jun 2013 05:12 PM PDT

Afghanistan's fragile banking system is facing turbulence after the German bank that was the main gateway to foreign transactions decided to sharply restrict its U.S.-dollar business.

Questions Linger in Case of Copied Code

Posted: 13 Jun 2013 03:38 PM PDT

Sergey Aleynikov took computer code with him when he left Goldman Sachs for a new firm. But what exactly did he take, and why?

Apple's Cue Defends E-Book Sales

Posted: 13 Jun 2013 07:32 PM PDT

Top Apple executive Eddy Cue defended in court the company's approach to selling e-books when it entered the market in 2010. He was testifying Thursday in the government's civil antitrust trial against Apple.

Behind the Big Profits: A Research Tax Break

Posted: 13 Jun 2013 06:54 PM PDT

Strong first-quarter corporate profits may not be quite as good as they look, an analysis by The Wall Street Journal shows, because the extension of a big tax credit quietly boosted profits of dozens of companies.

U.S. Coal Exports Plunge

Posted: 13 Jun 2013 06:47 PM PDT

U.S. coal exports fell 31% in April from the prior month, driven largely by an oversupply in Asia for metallurgical coal used in steelmaking.

Concerns Arise Over SEC Fund Plan

Posted: 13 Jun 2013 06:10 PM PDT

Some say part of the proposal could inadvertently encourage investor stampedes out of money-market funds.

Justices Strike Down Gene Patents

Posted: 13 Jun 2013 04:35 PM PDT

The Supreme Court unanimously ruled that human genes extracted from the body can't be patented, a victory for doctors and patients who argued that such patents interfere with scientific research.

Del Monte Shops Canned-Food Business

Posted: 13 Jun 2013 04:54 PM PDT

Del Monte is exploring a sale of the canned-food business that made it a household name, as it increasingly focuses on pet products. A group of private-equity investors led by KKR purchased Del Monte in 2011 for about $4 billion.

Arkansas, U.S. Sue Exxon on Spill

Posted: 13 Jun 2013 07:00 PM PDT

Arkansas and federal officials filed a lawsuit against Exxon Mobil for allegedly violating pollution laws following the March rupture of an oil pipeline in the state.

Euro-Zone Risks Return to Fore

Posted: 13 Jun 2013 07:02 PM PDT

The recent turbulence rattling global bond markets is unmasking an unpleasant notion in Europe: The euro zone's problems aren't solved.

Novel Investment to Boost Preschools

Posted: 13 Jun 2013 12:24 PM PDT

Goldman Sachs and private-equity investor J.B. Pritzker are lending money for a preschool program for disadvantaged children in Utah—and they will get paid back only if the kids who are most behind do well in elementary school.

A340s Threaten Airbus With Losses

Posted: 13 Jun 2013 03:50 PM PDT

As Airbus prepares to celebrate the first flight of its new A350 jet, which has already attracted 600 orders, the company and its bankers could face hundreds of millions of dollars of losses on the plane's failed predecessor.

Wet Spring Weighs on DuPont

Posted: 13 Jun 2013 02:30 PM PDT

DuPont warned that the cool, wet spring in the U.S. and elsewhere would damp earnings at its food and agriculture business as farmers return unplanted seed.

Patients Put at Risk By Computer Viruses

Posted: 13 Jun 2013 05:09 PM PDT

The Food and Drug Administration is warning makers of heart monitors, mammogram machines and myriad other medical devices that their gear is at risk of being infected with computer viruses that can endanger patients.

Ship Breakers Fear for Jobs

Posted: 13 Jun 2013 07:12 PM PDT

Workers who have left villages in India to work in ship-recycling yards say they accept the hazardous conditions because of the relatively high pay and the steady employment.

Best Buy to Carve Out Microsoft Mini-Stores

Posted: 13 Jun 2013 02:15 PM PDT

Microsoft and Best Buy are collaborating on mini-stores inside of Best Buy devoted to Windows-powered computers and other Microsoft electronics gear.

Rout Follows Historic Japan Market Rally

Posted: 13 Jun 2013 11:51 AM PDT

The Nikkei Stock Average fell into bear-market territory, ending one of the biggest and fastest bull markets in world history. Stocks had risen 80% in six months, but the gains are evaporating in a series of violent market swings.