Wall Street Journal: Financial

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Updated: 1 hour 46 min ago

Oversight Roils Hedge Funds

Fri, 05/21/2010 - 19:40
The promise of stricter oversight by a beefed-up SEC, amid seismic changes in Wall Street regulation, is rattling fund bosses more than ever, industry participants say.

Airlines Give Mixed Reports on Signs of Volcanic Ash

Fri, 05/21/2010 - 18:17
British Airways, Lufthansa and Air France-KLM said they found no evidence of volcanic ash in their engines since skies were reopened last month, but smaller airlines reported incidents.

Tax Plan Spreads the Pain Around

Fri, 05/21/2010 - 18:04
The economic-relief package that Democrats introduced this week proposes significant new taxes on a wide range of businesses, from Wall Street and Main Street to oil rigs in the Gulf of Mexico.

Court: Burger King Can Set Prices

Fri, 05/21/2010 - 17:36
Burger King won dismissal of part of a lawsuit brought by franchisees over the $1 double cheeseburger promotion, but a court will hear arguments on whether the company acted inappropriately in implementing the deal.

GM Reaches Europe Labor Deal

Fri, 05/21/2010 - 16:39
GM reached a labor deal considered critical to the restructuring of its ailing Opel unit in Europe but continues to face uncertainty in its bid for German state aid.

No Deal Near for SEC, Goldman

Fri, 05/21/2010 - 16:23
Goldman Sachs and the SEC aren't close to reaching a settlement that would end the fraud lawsuit against the company and trader Fabrice Tourre.

Abbott Buys Unit From India's Piramal

Fri, 05/21/2010 - 15:36
Abbott Laboratories will buy Piramal Healthcare's healthcare solutions business for a total of $3.72 billion, boosting its presence in India.

New Push on Auto Emissions

Fri, 05/21/2010 - 15:06
President Barack Obama ordered his administration to begin the process of setting future environmental regulations for cars and light trucks, beginning what could be a monthslong battle among car companies, environmentalists and the state of California.

KBC Sells Unit to India's Hinduja

Fri, 05/21/2010 - 14:10
Belgian bank KBC has sold its Luxembourg-based private-banking subsidiary KBL European private bankers to India-based Hinduja Group for $1.69 billion.

Weather Channel Remains on Dish Network

Fri, 05/21/2010 - 14:06
Dish Network backed off its plan to remove The Weather Channel from its system overnight, and its subscribers continued to have access to the network on Friday.

FCC: Less Rivalry in Wireless

Fri, 05/21/2010 - 13:37
Federal regulators suggest the mobile wireless market has become more concentrated and may not have enough competition, laying the groundwork for possible new regulations.

Mutual Funds Take Issue With Financial Overhaul

Fri, 05/21/2010 - 13:34
Financial-services legislation approved by the Senate must be improved to address several issues that could adversely affect mutual funds and their investors, the industry's trade group says.

U.S. Senate Passes Finance Bill

Fri, 05/21/2010 - 13:20
The Senate approved the most extensive overhaul of financial-sector regulation since the 1930s, hoping to avoid a repeat of the financial crisis that hit the economy starting in 2007.

Facebook, MySpace Face Privacy Loophole

Fri, 05/21/2010 - 13:06
Facebook, MySpace and several other social-networking sites have been sending data to advertising companies that could be used to find consumers' names and other personal details.

Media Baron Weill Unloads La Tribune Stake

Fri, 05/21/2010 - 12:54
Two years after buying French business newspaper La Tribune, Alain Weill has given away a 78% stake to its managing director for a single euro, plunging the paper's future into question.

Another Hon Hai Worker Dies in Fall

Fri, 05/21/2010 - 12:47
A Hon Hai employee died after plummeting from a building at the company's manufacturing complex in Shenzhen, China, which has been rocked by a wave of suicides.

Toyota and Tesla Partnering to Make Electric Cars

Fri, 05/21/2010 - 11:18
Tesla Motors is partnering with Toyota to make electric cars at a recently shuttered auto plant in Fremont, Calif., in a deal that also involves Toyota putting $50 million into Tesla.

Apple Wins Ground in Fight Over Flash

Fri, 05/21/2010 - 09:36
Apple is making headway in its fight against Adobe as some companies shift away the Flash video and animation technology.

AnnTaylor Reports a Profit

Fri, 05/21/2010 - 09:25
Ann Taylor posted a fiscal-first-quarter profit as the clothing retailer benefited from growth in same-store sales.

BA Struggles Despite Hedging Gains

Fri, 05/21/2010 - 08:37
British Airways swung to a net profit for its full fiscal year thanks to cash-flow hedges, but stripping out these gains it recorded a loss of $612 million amid a decline in air travel and the cost of ongoing industrial action.