Charter Executives Positioning Mega Cable Deal for Washington

TODAY: July 4, 2015 PUB DATE: May 26, 2015

As top executives at Charter Communications Inc. and Time Warner Cable Inc. laid out their vision Tuesday for the cable companies' planned merger, their pitch seemed aimed as much at Washington as at Wall Street. Charter Chief Executive Tom Rutledge, ...

U.S. April Durable Goods Orders Fall 0.5%--2nd Update

TODAY: July 4, 2015 PUB DATE: May 26, 2015

By Kate Davidson Business investment is slowly picking up after one of its worst stretches since the recession, a sign the U.S. economy may be poised for a turnaround following a dismal start to the year. Orders for durable goods--products ...

CFOs Seek to Avoid Bite of Health Law's 'Cadillac Tax'

TODAY: July 4, 2015 PUB DATE: May 26, 2015

By Kimberly S. Johnson And Maxwell Murphy Finance chiefs grappling with rising health-care costs face a new dilemma: how to avoid paying hefty taxes on generous employee health-care plans. The Affordable Care Act calls for an excise tax on high-cost ...

China to Trim Tariffs in Bid to Fashion Spending Spree

TODAY: July 4, 2015 PUB DATE: May 26, 2015

BEIJING—China slashed import duties on goods ranging from shoes to cosmetics to boost spending at home, where the economy is slowing and high taxes often prompt consumers to shop abroad. The Ministry of Finance said Monday that it would cut ...

Australia's AGL Looks to Get Out of the Wind, Into the Sun -- Update

TODAY: July 4, 2015 PUB DATE: May 26, 2015

By David Winning And Ross Kelly SYDNEY-- AGL Energy Ltd. aims to sell assets worth around 1 billion Australian dollars (US$783 million) and slash costs, joining other global power generators in rethinking strategies as demand falls. Seeking to improve returns ...

Euro Tumbles to One-Month Low Against Dollar

TODAY: July 4, 2015 PUB DATE: May 26, 2015

By Tommy Stubbington The euro tumbled to a one-month low against the dollar as doubts over Greece's ability to repay its debts intensified, while Greek bonds came under renewed pressure. The common currency fell 0.8% to $1.0885, extending the previous ...

Greece Sees 'Compelling Need' to Reach Creditor Deal

TODAY: July 4, 2015 PUB DATE: May 26, 2015

ATHENS—The Greek government has the responsibility to repay its obligations both internally and to its international creditors, but a deal with its international creditors is needed as quickly as possible, a government spokesman said Monday. "There is a compelling need ...

UBS to Withdraw From Australian Wealth-Management Business

TODAY: July 4, 2015 PUB DATE: May 26, 2015

By Robb M. Stewart MELBOURNE, Australia--UBS AG plans to withdraw from its Australian wealth-management business following a review of the operation, the Swiss bank said Tuesday. Alain Robert, global vice-chairman of wealth management at UBS, in a statement said the ...

China Construction Bank Named Yuan-Clearing Bank in Chile

TODAY: July 4, 2015 PUB DATE: May 26, 2015

BEIJING--China's central bank said late Monday it has designated China Construction Bank Corp. (0939.HK), the nation's second-largest lender by assets, as the yuan-clearing bank in Chile. The central bank made the announcement in a statement on its website, without providing ...

South Africa Unemployment Hits 11-Year High

TODAY: July 4, 2015 PUB DATE: May 26, 2015

By Patrick McGroarty PRETORIA, South Africa--Unemployment in South Africa shot to an 11-year high as power outages, drought and widespread pessimism dragged down growth in the long-beleaguered economy. South Africa's unemployment rate shot to 26.4% as the economy expanded just ...

Euro Tumbles to One-Month Low Against Dollar -- Update

TODAY: July 4, 2015 PUB DATE: May 26, 2015

By Tommy Stubbington The euro tumbled to a one-month low against the dollar as doubts over Greece's ability to repay its debts intensified, while Greek bonds came under renewed pressure. The common currency fell 0.9% to $1.0885, extending the previous ...

U.S. Stock Futures Creep Lower

TODAY: July 4, 2015 PUB DATE: May 26, 2015

U.S. stock futures edged lower Tuesday as investors looked ahead to a flurry of economic data due later in the day. Futures on the S&P; 500 index fell three points, or 0.1%, to 2122 about 90 minutes before the opening ...

U.S. April Durable Goods Orders Fall 0.5%

TODAY: July 4, 2015 PUB DATE: May 26, 2015

By Kate Davidson and Jeffrey Sparshott WASHINGTON--Demand for big-ticket manufactured goods fell last month, but underlying figures suggest business investment is slowly starting to pick up. Orders for durable goods--products such as power saws and hot tubs designed to last ...

Developed-Country Growth Slows, OECD Says

TODAY: July 4, 2015 PUB DATE: May 26, 2015

Economic growth in developed countries slowed for the second straight quarter in early 2015, the Organization for Economic Cooperation and Development said, as the recovery from the financial crisis remained weak and uneven. The Paris-based research body said the combined ...

Priceline to Increase Stake in Ctrip.com

TODAY: July 4, 2015 PUB DATE: May 26, 2015

By Lisa Beilfuss Priceline Group Inc. on Tuesday said it would increase its investment in Ctrip.com International Ltd., as the online travel company seeks a larger footprint in the world's largest outbound-travel market. Priceline said it would invest $250 million ...

Ukrainian Security Officers Search Local UniCredit Offices

TODAY: July 4, 2015 PUB DATE: May 26, 2015

By Giovanni Legorano MILAN--Ukrainian security service officers on Monday searched some local offices of Italian bank UniCredit as part of a probe on terrorism financing, the bank said in a statement. Ukraine's General Directorate of Security Service of Ukraine, or ...

US Durable Goods-Historical - May 26

TODAY: July 4, 2015 PUB DATE: May 26, 2015

Seasonally adjusted data in millions of dollars. R denotes revised. (NAIC Historic Time Series). Source: U.S. Commerce Department. -NEW ORDERS- -SHIPMENTS- -UNFILLED ORDERS- Mo Ago Yr A Mo Ago Yr Ag Mo Ago Yr Ago Level % chg % chg: ...

U.S. Consumer Confidence Edges Up to 95.4 in May

TODAY: July 4, 2015 PUB DATE: May 26, 2015

Consumers turned slightly more upbeat this month after taking a dimmer view of the economy in April. The better attitude was concentrated in current economic conditions, although households hold a mixed view of job prospects. The Conference Board, a private ...

IMRIS Files for Bankruptcy with Buyout Offer From Deerfield

TODAY: July 4, 2015 PUB DATE: May 26, 2015

Medical device maker IMRIS Inc. has filed for chapter 11 bankruptcy protection with a buyout offer of $9.5 million from secured lender Deerfield Management Co. LP. A maker of image-guided medical and surgical therapy systems, the company has seen mounting ...