Dalian Wanda Nears Higher Buyout Offer for Property Arm

TODAY: May 5, 2016 PUB DATE: May 5, 2016

Chinese property-and-entertainment conglomerate Dalian Wanda Group Co. is close to announcing a sweetened offer for its $4 billion-plus commercial-property arm buyout to woo investors, which include sovereign-wealth fund Kuwait Investment Authority and China Life Insurance Group Co. Wanda, controlled by ...

Rio Tinto's Incoming CEO Focused on Cash, Projects -- Update

TODAY: May 5, 2016 PUB DATE: May 5, 2016

By Rhiannon Hoyle BRISBANE, Australia-- Jean-Sébastien Jacques will take the job as Rio Tinto PLC's chief executive in July with an unusual commodity among major mining companies: a growth strategy. As rivals including Anglo American PLC and Glencore PLC sell ...

Deal Costs, Brazil Slam AB InBev -- WSJ

TODAY: May 5, 2016 PUB DATE: May 5, 2016

Brewer says revenue fell 10% as a result of adverse exchange rates, weak beer sales By Tripp Mickle and Natalia Drozdiak Anheuser-Busch InBev NV on Wednesday said first quarter profit fell 95%, reflecting nearly $2 billion in financing costs, much ...

CURRENCIES: Dollar Set To Gain Against Euro, Yen For A 3rd Day

TODAY: May 5, 2016 PUB DATE: May 5, 2016

By Carla Mozee, MarketWatch Sterling retreats after weak U.K. PMI The U.S. dollar stretched gains against its main rivals into a third day Thursday, rising ahead of a weekly labor-market update and speeches by a host of Federal Reserve officials. ...

U.S. Jobless Claims Rose to 274,000 Last Week

TODAY: May 5, 2016 PUB DATE: May 5, 2016

WASHINGTON?The number of Americans filing for new unemployment benefits jumped for the second week running but remained at a low level consistent with a strengthening job market. Initial claims for jobless benefits, a proxy for layoffs across the U.S. economy, ...

Singapore April Nikkei PMI at 49.4; Down From 52.0 in March

TODAY: May 5, 2016 PUB DATE: May 5, 2016

By Gaurav Raghuvanshi SINGAPORE--Business activity in Singapore contracted in April, according to a new survey by Markit Ltd. for Nikkei Inc. The Nikkei Singapore Purchasing Managers Index, which measures private-sector and manufacturing activity, was at 49.4 in April, compared with ...

MARKET SNAPSHOT: U.S. Stocks Move Higher, Boosted By Oil's Gains

TODAY: May 5, 2016 PUB DATE: May 5, 2016

By Ellie Ismailidou and Barbara Kollmeyer, MarketWatch Jobless claims miss expectations; Alibaba climbs on strong earnings; Tesla, L Brands fall U.S. stocks were moving higher Thursday, on track to snap atwo-session decline, as the energy sector got a boost from ...

U.S. Government Bonds Rebound From Early Decline

TODAY: May 5, 2016 PUB DATE: May 5, 2016

By Min Zeng U.S. government bonds recovered from early losses on Thursday, as investors showed caution ahead of a key jobs report due on Friday. Bond prices had fallen earlier in the session due to higher oil prices, which are ...

U.S. Jobless Claims Rose to 274,000 Last Week

TODAY: May 5, 2016 PUB DATE: May 5, 2016

By Anna Louie Sussman and Josh Mitchell WASHINGTON--The number of Americans filing for new unemployment benefits jumped for the second week running but remained at a low level consistent with a strengthening job market. Initial claims for jobless benefits, a ...

Sugar Drops as Traders Take Profits

TODAY: May 5, 2016 PUB DATE: May 5, 2016

By Julie Wernau Raw-sugar futures dived lower Thursday as traders took profits following three weeks of steady gains in the most active contract. Raw sugar for July delivery dropped 3.8% to 16.02 cents a pound on the ICE Futures U.S. ...

MARKET SNAPSHOT: U.S. Stocks Turn Negative As Oil Futures Pare Gains

TODAY: May 5, 2016 PUB DATE: May 5, 2016

By Ellie Ismailidou and Barbara Kollmeyer, MarketWatch Jobless claims miss expectations; L Brands, FitBit, Tesla, Merck tumble on weak earnings U.S. stocks turned negative Thursday afternoon, on track for a third session of declines, as a rally in oil futures ...