"Wallstreet" Reader

"Wallstreet" Reader

Fed Toils in Vain to Calm Markets

Posted: 21 Jun 2013 06:35 PM PDT

The financial markets' violent movements this week underscore the immense challenge the Fed faces as it eyes an eventual end to its $85 billion-a-month bond-buying program.

Ex-Enron CEO's Sentence Is Cut

Posted: 21 Jun 2013 07:40 PM PDT

A federal judge reduced the prison sentence of former Enron CEO Jeffrey Skilling to 14 years, which could allow him to be free by the end of the decade or earlier.

Idled by Bust, Now Getting Back to Work

Posted: 21 Jun 2013 04:58 PM PDT

A generation of young workers who started their careers during the housing boom and then spent years underemployed after the bust are finally regaining their footing.

China Faces Fallout of Self-Made Cash Crisis

Posted: 21 Jun 2013 07:43 PM PDT

China's cash shortages eased a bit Friday, but the central bank's campaign to tame runaway credit may be too aggressive, critics say.

CipherCloud Pushes Encryption, but Doubts Arise

Posted: 21 Jun 2013 03:38 PM PDT

Startup CipherCloud says that by using its software, companies can legally upload sensitive defense-technology data to public online services. But its claim is questioned by the State Department and export-law experts.

AIG Aircraft Unit Extends Deadline for Sale to Chinese Group

Posted: 21 Jun 2013 02:54 PM PDT

American International Group Inc.'s aircraft-leasing unit filed updated initial public offering documents on Friday, following an extension of a deadline for a Chinese consortium to get regulatory approvals to purchase the unit.

Inside a U.S. Firm's Bribery Probe

Posted: 21 Jun 2013 04:40 PM PDT

U.S. architecture firm HLW hired lawyers to investigate claims it paid bribes to win a 2010 contract for a Morocco hospital, providing a rare inside look at one company's efforts to expand overseas without exposing itself to liability under a U.S. anticorruption law.

Life After Fed Stimulus Has Its Bumps

Posted: 21 Jun 2013 07:37 PM PDT

Blue-chip stocks staged a small bounce Friday, but that was scant relief after two days of steep losses.

Monsanto Points to Sabotage in Oregon

Posted: 21 Jun 2013 07:39 PM PDT

Monsanto said the discovery of unapproved genetically modified wheat in an Oregon field was "highly suspicious" and that sabotage is the most likely explanation.

Two U.K. Journalists Face Charges

Posted: 21 Jun 2013 06:48 PM PDT

U.K. prosecutors said they would charge two more journalists at News Corp.'s tabloid The Sun related to a long-running investigation into alleged bribery of public officials by the media.

Lawmakers Warn Ratings Firms

Posted: 21 Jun 2013 07:44 PM PDT

U.S. lawmakers have written to three credit-rating firms with a warning: Don't misjudge the risks of so-called synthetic CDOs if the market for such deals takes off again.

TMT Seeks Bankruptcy Protection

Posted: 21 Jun 2013 12:15 PM PDT

Global shipping company TMT Group sought bankruptcy protection after failing to restructure its $1.46 billion debt load out of court.

Starbucks to Raise Prices

Posted: 21 Jun 2013 05:40 PM PDT

Starbucks plans to raise the price of some of its beverages in the U.S. by an average of 1%.

South Korea Rejects Casino Bids

Posted: 21 Jun 2013 11:53 AM PDT

South Korea rejected applications for casino licenses from international bidders hoping to invest in resorts near Seoul, leaving uncertain the country's efforts to cash in on the Asian gambling boom.

Bitcoin Bourse Blocks Dollar Withdrawals

Posted: 21 Jun 2013 06:36 PM PDT

Mt. Gox, the world's largest bitcoin trading exchange, said it has halted withdrawals of customer funds in U.S. dollars as it makes systems improvements.

Gold, Silver Bounce Back

Posted: 21 Jun 2013 12:26 PM PDT

Gold and silver futures pulled higher as investors who wagered on lower prices cashed in gains on the previous day's slump, and as a rebound in physical purchases buoyed prices.

Michael Dell Presses Buyout Case

Posted: 21 Jun 2013 05:33 PM PDT

Michael Dell is making a personal pitch to win support for the proposed $24.4 billion deal to buy his company from public investors.

EU Fails to Reach Deal on Bank Rules

Posted: 21 Jun 2013 07:53 PM PDT

Finance ministers failed to agree on common EU rules for winding down troubled banks after more than 12 hours of talks. A divisive issue: How much discretion to leave in the hands of national authorities.

Morgan's Deal Marks Milestone

Posted: 21 Jun 2013 07:37 PM PDT

Morgan Stanley's announcement that it will soon complete the purchase of brokerage Smith Barney marks the removal of the last major obstacle to the bank's yearslong transformation.

China Regulators Target Alipay

Posted: 21 Jun 2013 07:03 AM PDT

China's securities regulator said a service run by Alipay that allows users to invest in a money-market fund online isn't in full compliance with regulations.