"Wallstreet" Reader

"Wallstreet" Reader

Bond Investors Head for the Hills

Posted: 18 Jun 2013 07:51 PM PDT

Signs of a stronger U.S. economy are rippling through the bond markets, sending investors and corporate leaders racing to prepare for higher interest rates.

Nikkei Outperforms Asia, FOMC Result Eyed

Posted: 18 Jun 2013 07:56 PM PDT

Asian markets were mixed Wednesday before the outcome of the FOMC meeting later in the global day, with the Nikkei outperforming its regional peers on a weaker yen. The Nikkei rose 1.3%

Japan Exports Surge, but Trade Deficit Persists

Posted: 18 Jun 2013 06:25 PM PDT

Japanese exports jumped an unexpected 10.1% in May from the year-earlier month as a fall in the yen helped push up the value of goods sold abroad, but a robust flow of imports from China and other Asian nations kept the nation's overall trade balance deep in the red.

Boeing 787 Makes Unscheduled Landing

Posted: 18 Jun 2013 07:54 PM PDT

A Boeing 787 Dreamliner operated by United Airlines of a flight from Denver to Tokyo made an unscheduled landing in Seattle because of an apparent problem with an engine oil filter. There was no fire or immediate threat.

Trump Sells Himself Outside the U.S.

Posted: 18 Jun 2013 05:52 PM PDT

Donald Trump hasn't licensed his name for a U.S. real-estate project since before the financial downturn. But he has done so for more than a dozen real-estate developments outside the U.S.

U.K. Wants to Punish Bad Bankers

Posted: 18 Jun 2013 06:31 PM PDT

The Parliamentary Commission on Banking Standards called for the creation of criminal sanctions for incompetent bankers, one of the conclusions of a broad review of the culture of U.K. banking.

Dish Network Drops Pursuit of Sprint

Posted: 18 Jun 2013 06:53 PM PDT

Dish Network said it won't submit a new offer for Sprint Nextel by its Tuesday deadline, a move that appears to clear the way for the third largest U.S. wireless carrier to be bought by SoftBank of Japan.

Net-Lease REITs Take a Turn

Posted: 18 Jun 2013 04:50 PM PDT

Shares of real-estate investment trusts have been hammered in the past month as interest rates have risen, but few have been hit as hard as companies that own properties leased to single tenants such as fast-food restaurants and convenience stores.

Mortgage Rates Rise but Still a Bargain

Posted: 18 Jun 2013 07:51 PM PDT

Rising mortgage rates are pushing up the cost of buying a home just as more local markets are seeing prices and sales climb, but economists say that the increase is unlikely to derail the U.S. housing recovery.

Christie's Sale Is Solid but Lacks Sizzle

Posted: 18 Jun 2013 04:21 PM PDT

Christie's London sold $100.4 million of Impressionist and modern art, including a $21.2 million Kandinsky, but the sale lacked the fever-pitch sizzle of similar sales in February and May.

Speedy Traders in Talks on Tie-Up

Posted: 18 Jun 2013 07:04 PM PDT

Two of the largest independent U.S. high-frequency-trading firms are in early merger discussions, as a downturn in trading opportunities has spurred cutbacks and tie-up talks among rivals

SEC Seeks Admissions of Fault

Posted: 18 Jun 2013 07:58 PM PDT

U.S. securities regulators plan to require certain defendants to admit to wrongdoing as a condition of settling securities-fraud charges, SEC Chairman Mary Jo White said Tuesday.

Chrysler Bows to Jeep Recall

Posted: 18 Jun 2013 07:16 PM PDT

Chrysler said it would recall 1.56 million Jeeps to strengthen the vehicles, reversing course after initially rejecting a regulator's request for a larger recall after a study found a high rate of fire after collisions.

Brazilian Firm Pulls IPO

Posted: 18 Jun 2013 04:19 PM PDT

The planned initial public offering by Votorantim Cimentos of up to $4.73 billion would have been the second-biggest IPO in the world this year.

Alcatel to Overhaul Finances

Posted: 18 Jun 2013 07:20 PM PDT

Alcatel-Lucent on Wednesday plans to announce steps aimed at increasing its financial flexibility and the efficiency of its loss-plagued operations, according to people familiar with the matter.

Cyprus Asks Creditors to Help Biggest Bank

Posted: 18 Jun 2013 06:55 PM PDT

Cyprus has asked its European partners to help ease a cash crunch at the island's biggest lender, saying this spring's bank-rescue deal was struck "without careful preparation" and was imperiling its ability to meet budget targets.

G-8 to Fight Tax Evasion

Posted: 18 Jun 2013 06:53 PM PDT

The G-8 agreed to proposals to tackle tax avoidance and evasion that call for new laws to stop businesses from shifting profits across borders.

Battle Brews Over E-Cigarettes

Posted: 18 Jun 2013 01:38 PM PDT

The growing popularity of electronic cigarettes has divided regulators and antismoking activists just as Europe gets ready to tighten its tobacco laws.

Icahn Raises Dell Stake, Urges Tender Offer

Posted: 18 Jun 2013 05:43 PM PDT

Carl Icahn called for Dell to launch a tender offer for up to $16 billion of its shares, and he also bought about 72 million shares, making him the second-largest holder in the company.

Maker of 'Candy Crush Saga' Plans IPO

Posted: 18 Jun 2013 07:41 PM PDT

The publisher of the hit mobile game "Candy Crush Saga" has hired banks to pursue a U.S. initial public offering, according to people familiar with the move.