Wall Street

Wall Street News

• China to Grow Less Than World Bank Estimates, Dow Jones Reports

  China’s economic growth will probably be slower than the World Bank estimates, Dow Jones reported, citing Bert Hofman, the Washington-based lender’s chief economist for East Asia and Pacific.

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  Obama Pitches Wall Street for Money After Urging Higher Taxes on Wealthy

  President Barack Obama told a gathering of Wall Street donors that Democrats can’t unilaterally stop accepting money from big-dollar political- action committees, according to two people at the event.

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  Yelp’s Stoppelman Leads Web Startup to IPO

  Updated 1 hour, 59 minutes ago

  Jeremy Stoppelman, who will watch his seven-year-old company begin trading on the New York Stock Exchange today, got to this point by shunning offers that other startups would have found hard to resist.

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  SEC Accounting of Record Enforcement Year in 2011 Doesn’t Add Up

  Updated 1 hour, 39 minutes ago

  U.S Securities and Exchange Commission officials have been citing a jump in the number of enforcement actions last year as proof that an overhaul of the agency’s investigative force is bearing fruit. The claim isn’t supported by a detailed examination of the statistics.

• AOL Is Said to Plan California Job Cuts Including at AIM Messaging Service

  AOL Inc., the Internet company that owns the Huffington Post news website, plans to cut jobs, including workers at its AIM instant-message service, according to two people familiar with the matter.

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  JPMorgan China Clients Seeking Financing Abroad Rises to Record, Fang Says

  JPMorgan Chase & Co.’s pipeline of clients from China seeking financing overseas has doubled from a year ago to a record, led by developers seeking funds, said the head of its China investment banking business.

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  Medco Offers 90% Return as Deal Seen Likely

  Updated 2 hours, 45 minutes ago

  Express Scripts Inc.’s takeover of Medco Health Solutions Inc. is offering the biggest potential windfall in North America even as traders are more confident than ever the acquisition will clear U.S. regulatory hurdles.

• Geithner Says Banking Regulation Law Worth Fighting to Preserve

  U.S. Treasury Secretary Timothy F. Geithner defended the financial reforms of 2010, saying that while the measures aren’t perfect, they are “worth fighting to preserve.”

• Viacom Says Redstone Will Miss Annual Meeting Due to Scheduling Conflict

  Viacom Inc. Chairman Sumner Redstone won’t attend the company’s annual meeting because of an “unavoidable conflict.”

• Harrisburg Judge ‘Is Inclined’ to Approve Receiver’s Plan to Sell Assets

  The receiver for Harrisburg, Pennsylvania, should be allowed to try to sell or lease the city’s most valuable assets in a bid to solve its financial crisis, a judge said.

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