"Wallstreet" Reader

"Wallstreet" Reader

China Cash Crunch Spreads

Posted: 26 Jun 2013 05:19 PM PDT

Even as Chinese officials indicate a softening of their tight grip on cash, some businesses are reporting liquidity is increasingly hard to find in some places and that customers are turning to alternatives.

Asian Shares Rise

Posted: 26 Jun 2013 07:47 PM PDT

Asian stocks pushed higher on Thursday, as markets responded favorably to fresh signs that central banks around the world will maintain easy monetary policy. The Shanghai Composite broke a six session losing streak rising 1.0%.

Exit Signs Blurry for Private Equity

Posted: 26 Jun 2013 07:10 PM PDT

The recent market turbulence threatens to disrupt private-equity firms' plans to sell stakes in their companies and possibly to put the brakes on a blistering pace of big paydays for their top executives and investors.

Companies Still Reluctant to Spend, Despite Hefty Profits

Posted: 26 Jun 2013 05:35 PM PDT

The U.S. economy has spent four years shaking off damage from a brutal recession. But American businesses still haven't shaken off their caution.

Business Feels Pinch of Swift Rate Rise

Posted: 26 Jun 2013 07:36 PM PDT

Sharp increases in long-term interest rates, triggered by Federal Reserve statements last week, threaten sales of homes, cars and other big-ticket items that have helped drive the U.S. economic recovery.

SEC Is Set to Try Out Guilt Plan

Posted: 26 Jun 2013 06:17 PM PDT

Securities and Exchange Commission enforcement chiefs have drawn up a hit list of impending cases where officials intend to test their new policy of requiring admissions of wrongdoing when settling civil charges.

Senate Democrats Press Gensler on Swaps Rules

Posted: 26 Jun 2013 07:39 PM PDT

A group of Senate Democrats joined foreign officials, large banks and several U.S. regulators in pressuring CFTC Chairman Gary Gensler to delay a July deadline for banks operating abroad to comply with new U.S. derivatives rules.

SEC Nominees Poised for Clear Sailing

Posted: 26 Jun 2013 04:23 PM PDT

Kara Stein and Mike Piwowar are Senate aides, and their bosses sit on the chamber's banking committee.

Examiner Finds Rocky Relationship Between Ally, Rescap

Posted: 26 Jun 2013 07:57 PM PDT

Rescap had a rocky relationship with parent Ally Financial, though dealings between the two don't adequately support assertions that Ally intentionally set ResCap up for failure, an independent examiner has determined.

Libor Scandal Tars ICAP Executive

Posted: 26 Jun 2013 05:51 PM PDT

A top executive at brokerage firm ICAP knew of an arrangement with UBS that U.S. and British regulators allege was part of a scheme to rig benchmark interest rates, according to people familiar with the matter.

Dish Network Bows Out

Posted: 26 Jun 2013 02:24 PM PDT

Dish Network withdrew its offer for Clearwire, ending its competition with Sprint Nextel for the mobile-broadband provider.

Trader Tied to Rate Probe Exits Brevan

Posted: 26 Jun 2013 02:04 PM PDT

Japanese regulators allege that Chris Cecere is connected to the global interest-rate-rigging scandal.

Repsol Rejects Argentina's YPF Compensation Offer

Posted: 26 Jun 2013 07:24 PM PDT

The Spanish oil firm's board unanimously rejected a $5 billion proposal from Argentina to compensate it for last year's expropriation of most of Repsol's stake in YPF.

Bankia to Sell Stake in International Airlines Group

Posted: 26 Jun 2013 11:47 AM PDT

Spanish lender Bankia hired an advisor to help sell its 12.09% stake in International Airlines Group, part of a wider plan to pay back taxpayer money that was used to bail out the bank last year.

Three Firms Got Bulk of U.S. Sugar Loans

Posted: 26 Jun 2013 07:50 PM PDT

Three sugar companies received the majority of the $1.1 billion in federal loans made to processors of the sweetener this fiscal year.

Retailers Hammer Out Safety Pact

Posted: 26 Jun 2013 05:24 PM PDT

Wal-Mart, Gap and some other large U.S. retailers are said to be nearing a pact to establish a $50-million fund to improve safety in Bangladesh garment factories.

Bumi Cuts Deal to Recover Funds

Posted: 26 Jun 2013 11:58 AM PDT

Coal miner Bumi has signed an agreement with the former chief executive of a majority-owned unit to recover $173 million in costs, which it says had no business purpose.

Refinery Closures Threaten Europe's Energy Security

Posted: 26 Jun 2013 11:51 AM PDT

Some of Europe's largest economies face a growing risk of fuel-supply disruptions, as commercial problems that have already driven a swath of the region's oil refineries out of business look set to intensify.

Gold Slides on Worry Over Fed

Posted: 26 Jun 2013 08:02 AM PDT

Gold prices fell to their lowest levels in nearly three years as investors worried that rising yields on other assets will channel money elsewhere.

Cerberus Bids for Grocery Chain

Posted: 26 Jun 2013 07:47 AM PDT

Cerberus made a bid for Harris Teeter Supermarkets and is considering a structure in which a part of the East Coast chain would remain publicly traded.