"Wallstreet" Reader

"Wallstreet" Reader

Asian Shares Down

Posted: 17 Jun 2013 07:57 PM PDT

Asian stocks were mostly lower on Tuesday in cautious trade, as investors awaited greater clarity on U.S. monetary policy. The Nikkei fell 0.6%.

Liberty Global in Talks to Buy German Cable Firm

Posted: 17 Jun 2013 07:58 PM PDT

John Malone's Liberty Global is in talks to Germany's biggest cable operator, Kabel Deutschland, a move that could set off a bidding war with Vodafone. Liberty Global has been expanding aggressively in Europe.

Airbus A380 Gets a Lift

Posted: 17 Jun 2013 07:16 PM PDT

Airbus got a boost for its A380 superjumbo, as German leasing company Doric placed a preliminary order for 20 of the two-deck jets.

Setback for Pacts That Delay Sale of Generics

Posted: 17 Jun 2013 06:04 PM PDT

The U.S. Supreme Court ruled that courts should give more scrutiny to pharmaceutical industry patent settlements that can delay the entry of generic drugs.

Jefferson County Debt Plan Is Costly

Posted: 17 Jun 2013 06:51 PM PDT

The plan by Jefferson County, Ala., to emerge from bankruptcy protection hinges in part on the sale of $1.9 billion of new debt this fall to refinance debt tied to its troubled sewer system. But some observers are calling terms of the new debt onerous.

Loeb's Third Point Raises Sony Stake

Posted: 17 Jun 2013 07:24 PM PDT

Investor Daniel Loeb's hedge fund Third Point has boosted its stake in Sony to 6.9%, ratcheting up a bid to convince the Japanese electronics giant to launch an initial public offering of its entertainment division.

Libor Charges Likely in U.K.

Posted: 17 Jun 2013 07:53 PM PDT

British prosecutors plan to file criminal fraud charges against former UBS and Citigroup trader Tom Hayes for allegedly trying to manipulate benchmark interest rates.

KPMG Ex-Partner Is Arraigned

Posted: 17 Jun 2013 06:38 PM PDT

Former KPMG LLP senior partner Scott London was arraigned here Monday in federal court, where a not-guilty plea was entered on his behalf, although he is expected to plead guilty once certain procedural matters are resolved.

Tokyo Shares Get Second Look

Posted: 17 Jun 2013 06:30 PM PDT

Some investors said the whipsaw trading in Japanese stocks over the past three weeks spells opportunity.

BlackRock Proposes Standardized Bonds

Posted: 17 Jun 2013 03:32 PM PDT

The asset manager said that once bonds become 30 to 60 days old, they trade infrequently, making it hard to exit positions inexpensively.

Mexico Seeks Open Energy Market

Posted: 17 Jun 2013 06:50 PM PDT

President Enrique Peña Nieto will seek to end a taboo of nearly eight decades by opening the state-run oil and gas industry to private investment and competition.

Sale of NYSE Clears a Final Hurdle

Posted: 17 Jun 2013 06:40 PM PDT

The European Union is likely to approve IntercontinentalExchange's planned takeover of NYSE Euronext without conditions, according to a person familiar with the discussions

7-Elevens Allegedly Targeted Immigrants

Posted: 17 Jun 2013 07:41 PM PDT

Federal prosecutors charged nine people with employing more than 50 illegal immigrants at 14 7-Eleven franchises in New York and Virginia.

Studies Fail to Back Medtronic Spine Product

Posted: 17 Jun 2013 04:45 PM PDT

Two independent studies—part of an experiment in lifting the veil on industry-sponsored trial data—found a Medtronic bone-growth product for spine surgeries was no better than a traditional operation.

Smithfield to Review Starboard Letter

Posted: 17 Jun 2013 05:43 PM PDT

Smithfield Foods said it will review a letter from major investor Starboard Value pressuring the pork producer to explore a breakup instead of following through with its planned takeover by Chinese meat producer Shuanghui, but said it continues to believe the proposed merger is in the best interests of the company and its shareholders.

SkyWest Places Big Jet Order

Posted: 17 Jun 2013 06:59 PM PDT

SkyWest, the largest regional U.S. airline, became a launch customer for a new jet from Brazil's Embraer.

EU Agrees on Tighter Oversight of 'Dark Pools'

Posted: 17 Jun 2013 02:18 PM PDT

EU states reached a tentative deal to tighten regulation of derivatives markets that sets finance ministers on a collision course with the European Parliament.

U.S. to Buy Sugar From Domestic Growers

Posted: 17 Jun 2013 03:46 PM PDT

The USDA hopes the move will help reduce a surplus that has driven prices lower and is threatening to spark a wave of defaults on government loans.

DreamWorks to Produce Netflix Shows

Posted: 17 Jun 2013 04:15 PM PDT

DreamWorks Animation has signed a multi-year deal to produce original series for Netflix, the first time Netflix is buying multiple new programs from a single provider and a major expansion for the studio.

China Wrestles With Banks' Pleas for Cash

Posted: 17 Jun 2013 07:52 PM PDT

China's big banks are urging the central bank to free up funds to ease an unusual cash squeeze, as Beijing faces a stark choice: add money to the financial system to help lenders, or stay the course to rein in a rapid expansion of credit.