Financial News from The Wall Street Journal

  • Regulators Target Exchanges As They Ready Record Fine The Wall Street Journal - Fri, May 17, 2013 5:51 PM AEST

    Financial regulators are taking a harder line on exchanges amid concerns over their ability to police the markets they operate, as the SEC prepares to hit one with a record penalty. The deeper scrutiny ...

  • Russia Raises Stakes in Syria The Wall Street Journal - Fri, May 17, 2013 1:07 PM AEST

    Russia has sent a dozen or more warships to patrol waters near its naval base in Syria, a buildup that U.S. and European officials see as a newly aggressive stance meant partly to warn the West and Israel ...

  • Day Traders Steer Tesla Higher The Wall Street Journal - Fri, May 17, 2013 12:42 PM AEST
    Day Traders Steer Tesla Higher

    For weeks, Anne-Marie Baiynd kept a close eye on shares of Tesla Motors Inc. On May 9, a day after the company posted its first-ever quarterly profit, the stock exploded higher in heavy trading. Ms. Baiynd, ...

  • Google Glass Privacy Worries Lawmakers The Wall Street Journal - Fri, May 17, 2013 12:26 PM AEST

    Eight members of Congress on Thursday asked Google Inc. Chief Executive Larry Page to give assurances about privacy safeguards for the company's high-profile Google Glass wearable-computing device. AP ...

  • Hedge Fund Billionaire William Ackman, Investor Group in Contract to Buy a New York Penthouse for Over … The Wall Street Journal - Fri, May 17, 2013 10:50 AM AEST
    Hedge Fund Billionaire William Ackman, Investor Group in Contract to Buy a New York Penthouse for Over …

    Billionaire hedge-fund manager William Ackman and a group of real-estate investors are in contract to buy a penthouse condo in Manhattan for more than $90 million, according to people familiar with the ...

  • To Buy Bonds or Not to Buy: Fed Hawks, Doves Air Views The Wall Street Journal - Fri, May 17, 2013 10:01 AM AEST

    Federal Reserve officials are deeply engaged in debating when to begin dialing back an $85 billion-a-month bond buying program, but don't appear near consensus on when to pull the trigger. The presidents ...

  • Gold's Allure Is Starting to Fade The Wall Street Journal - Fri, May 17, 2013 9:27 AM AEST

    The bears are mauling gold. The metal fell for a sixth consecutive trading session on Thursday, as investors continue to flee toward assets that promise higher returns. The string of losses, which add ...

  • Mortgage Bond Poised to Set a Dubious First The Wall Street Journal - Fri, May 17, 2013 6:43 AM AEST

    The booming market for commercial-mortgage-backed securities is on the verge of passing a dubious milestone: losses on a class of bonds that have been popular with investors for the big returns they promised. ...

  • As Baht Rises, Thai Tycoons Spend The Wall Street Journal - Thu, May 16, 2013 10:13 AM AEST

    BANGKOK—Fifteen years ago, Thailand and other Asian countries let their currencies slide, using cheap exports to help lift them out of a devastating economic slump. Today, Thailand's currency is soaring, ...

  • Japan Posts Surge in Economic Growth The Wall Street Journal - Thu, May 16, 2013 10:07 AM AEST

    TOKYO—Japan's economic growth accelerated swiftly at the beginning of this year, the most concrete sign yet that new stimulus policies sparking euphoria in financial markets are starting to lift companies ...

  • Tax Scandal Fells IRS Chief The Wall Street Journal - Thu, May 16, 2013 9:44 AM AEST

    President Barack Obama forced the resignation Wednesday of the acting commissioner of the Internal Revenue Service in connection with the inappropriate targeting of conservative political groups. President ...

  • Cisco's Profit Climbs 14% on Services Sales Growth The Wall Street Journal - Thu, May 16, 2013 9:17 AM AEST

    Cisco Systems Inc. delivered a sign of improving tech-sector demand as the company's newer software and services businesses more than offset weaker revenue from its traditional networking products. The ...

  • Japan Jolts Bond Market in the Wrong Direction The Wall Street Journal - Thu, May 16, 2013 8:50 AM AEST

    TOKYO—The Bank of Japan's monetary-easing campaign has hit a snag: Rising bond yields have emerged as a potential barrier to growth. Contrary to the central bank's intentions, interest rates in the $10 ...

  • Investors Flood Into Loan Funds The Wall Street Journal - Thu, May 16, 2013 5:21 AM AEST

    Money is flooding into funds that buy up loans to companies as some investors brace for the end of ultralow interest rates. The activity is adding fuel to the roaring corporate-refinancing boom by driving ...

  • Controversies Threaten President's Agenda The Wall Street Journal - Wed, May 15, 2013 5:38 PM AEST

    An outburst of controversies threatens to swamp President Barack Obama's second-term agenda, while giving Republicans new opportunities to galvanize their base ahead of the battle for control of Congress ...

  • Greece Bulls Charge Into Corporate Bonds The Wall Street Journal - Wed, May 15, 2013 5:22 PM AEST

    Investors are returning to Greece, lured by receding fears that the troubled country will leave the euro and the high returns offered by many of its battered assets. It is a remarkable turnaround. Only ...

  • Private-Equity Firms Build Instead of Buy The Wall Street Journal - Wed, May 15, 2013 1:00 PM AEST

    BUJAGALI, Uganda—A new dam at the headwaters of the White Nile, nearly 20 years in the making, generates almost half of this East African country's electricity. Its owner isn't a state utility or an energy ...

  • Fungus Wreaks Havoc on Coffee Crop The Wall Street Journal - Wed, May 15, 2013 10:47 AM AEST
    Fungus Wreaks Havoc on Coffee Crop

    Colleen Anunu could tell something was off as soon as she lifted the piping-hot cup of Honduran coffee to her lips. Reuters A worker sprays fungicide on coffee plants affected by a tree-killing fungus ...

  • Holder Defends AP Phone-Records Seizure The Wall Street Journal - Wed, May 15, 2013 9:32 AM AEST

    WASHINGTON—Attorney General Eric Holder defended the Justice Department's subpoena of Associated Press phone records, including personal cellphone records of some of its reporters, saying Tuesday that ...

  • Holder Defends Phone-Records Seizure The Wall Street Journal - Wed, May 15, 2013 9:32 AM AEST

    WASHINGTON—Attorney General Eric Holder defended the Justice Department's subpoena of Associated Press phone records, including personal cellphone records of some of its reporters, saying Tuesday that ...

  • Chiefs at IRS Knew of Targeting The Wall Street Journal - Tue, May 14, 2013 12:37 PM AEST

    President Barack Obama said Monday those responsible for any improper scrutiny of conservative groups' tax status would be held "fully accountable," hours before it emerged that the current and ...

  • In Deal Race, Bankers Play the Field The Wall Street Journal - Tue, May 14, 2013 9:28 AM AEST

    On Wall Street, working on both sides of a bidding war can be lucrative, or perilous. Tim Foley Changing Horses: Some bankers have lately worked more than one angle in buyout bids. SoftBank Corp. recently ...

  • U.S. Seized Phone Records of AP Staff The Wall Street Journal - Tue, May 14, 2013 7:40 AM AEST

    The Justice Department seized records of 20 separate phone lines used by reporters or editors for the Associated Press, in a move that officials familiar with the case said was intended to gather information ...

  • A Top Contender at the Fed Faces Test Over Easy Money The Wall Street Journal - Mon, May 13, 2013 1:04 PM AEST

    The next chief of the Federal Reserve will decide when to reverse the easy-money policies of Ben Bernanke, a judgment that could strangle the economic recovery if made too early or trigger runaway inflation ...

  • Bankruptcy Costs Attacked The Wall Street Journal - Mon, May 13, 2013 12:55 PM AEST

    Federal watchdogs are preparing to exert more control over costs in big bankruptcy cases. In the initial push, the first overhaul of guidelines intended to keep costs in check in about 17 years is expected ...

  • At Bloomberg, Wall Between News and Data Came Late The Wall Street Journal - Mon, May 13, 2013 10:39 AM AEST

    Bloomberg L.P. has raised its profile as a news organization significantly in recent years, expanding beyond its wire service into television, online and print publications while recruiting top-flight ...

  • IPOs Set to Raise Most Cash Since Crisis The Wall Street Journal - Mon, May 13, 2013 10:30 AM AEST

    U.S. companies are on track to raise the most money through initial public offerings since before the financial crisis, driven by the same thirst for risk among investors that has pushed the stock market ...

  • American Taste for Cheap Clothes Fed Bangladesh Boom The Wall Street Journal - Mon, May 13, 2013 10:13 AM AEST

    Monica Brooks and her daughter Morgan, age 8, rifled through the racks at a Zara store in Dallas Thursday night, looking at $16 bejeweled T-shirts and $10 ruffled tops. Labels inside the clothing at the ...

  • Broadcasters Invest in More Pilots The Wall Street Journal - Mon, May 13, 2013 10:00 AM AEST

    How do you follow up a broadcast television season with no breakout hits? Try harder. On Monday, Comcast Corp.'s NBC and News Corp.'s Fox will each rent out posh Manhattan theaters to unveil their prime-time ...

  • Obama's Federal Power Grab and Threat to Muni Bonds The Wall Street Journal - Mon, May 13, 2013 6:18 AM AEST

    Virginia Treasurer Manju Ganeriwala mentions many of the positive attributes of tax-free municipal bonds, which have indeed allowed many state and local governments to deliver projects at a lower cost ...

  • How the Rich Play the Market The Wall Street Journal - Sat, May 11, 2013 9:55 AM AEST

    F. Scott Fitzgerald wasn't entirely right. The very rich are different from you and me—but not by much. A new study offers a comprehensive look at the portfolios and investment decisions of several hundred ...

  • Shrinking Budget Forces Army Into New Battlefield The Wall Street Journal - Fri, May 10, 2013 6:23 PM AEST

    FORT IRWIN, Calif.—The 1st Infantry Division's 2nd Brigade is supposed to represent the Army's new model—small and nimble. Lt. Col. Jason Wolter, a battalion commander in the brigade, said, half joking, ...

  • Yen's Fall Trickles Through Japanese Economy The Wall Street Journal - Fri, May 10, 2013 12:12 PM AEST

    TOKYO—Just over a month after Japan's central bank vowed to reignite economic growth by flooding markets with yen, the currency fell to ¥100 to the dollar for the first time in four years, a milestone ...

  • Falling Deficit Alters Debate The Wall Street Journal - Fri, May 10, 2013 9:28 AM AEST

    Rising government revenue from tax collections and bailout paybacks are shrinking the federal deficit faster than expected, delaying the point when the government will reach the so-called debt ceiling ...

  • Charges Filed in Abduction The Wall Street Journal - Thu, May 9, 2013 1:58 PM AEST

    CLEVELAND—The former school-bus driver charged Wednesday with kidnapping and rape for allegedly holding three women in his home for a decade used deceptively simple ruses to lure each woman into his car, ...