Google Yet to Respond to EU Antitrust Charge

TODAY: Aug. 1, 2015 PUB DATE: June 24, 2015

BRUSSELS?Google Inc. hasn't yet responded to European Union charges that the U.S. company skews search results to favor its own comparison-shopping service, the bloc's antitrust chief Margrethe Vestager said on Wednesday. EU antitrust cops charged Google with violating the bloc's ...

Kraft Board Approves $16.2 Million in Executive Payouts Tied to Merger

TODAY: Aug. 1, 2015 PUB DATE: June 24, 2015

By Tess Stynes Kraft Foods Group Inc. said its board approved a combined $16.2 million in bonuses and make-whole payments for executives related to the packaged-food company's pending merger with H.J. Heinz Co. Kraft's board, with Heinz's consent, approved bonuses ...

Fischer: Fed Seeking Industry Input to Assess Stress Tests

TODAY: Aug. 1, 2015 PUB DATE: June 24, 2015

The Federal Reserve is seeking input from the financial industry and others with the goal of improving its stress tests of big banks, Fed Vice Chairman Stanley Fischer said Wednesday. "With the benefit of five years of experience, the Fed ...

Mexico's Inflation Holds Steady Below Target in Early June

TODAY: Aug. 1, 2015 PUB DATE: June 24, 2015

By Anthony Harrup MEXICO CITY--Mexican consumer prices rose modestly in the first half of June, keeping annual inflation below the central bank's 3% target. The consumer price index rose 0.13% in the first two weeks of this month, led by ...

U.S. Stocks Fall on Greece Worries

TODAY: Aug. 1, 2015 PUB DATE: June 24, 2015

By Saumya Vaishampayan U.S. stocks ended lower Wednesday, with the Dow industrials posting their biggest one-day decline in nearly a month, as recent optimism about a bailout deal for Greece faded. The Dow Jones Industrial Average declined 178.00 points, or ...

Trade Bill Clears Senate, Moves to White House

TODAY: Aug. 1, 2015 PUB DATE: June 24, 2015

By Kristina Peterson And Siobhan Hughes WASHINGTON--The Senate on Wednesday cleared legislation that will strengthen President Barack Obama's power to negotiate a Pacific trade deal, ending a weekslong struggle to lift the measure out of the political quicksand that repeatedly ...

Dollar Drifts Modestly Lower Against Euro, Yen

TODAY: Aug. 1, 2015 PUB DATE: June 24, 2015

By James Ramage The dollar edged lower against the euro and the yen on Wednesday as investors await more signals on a resolution to the Greek debt crisis and further indications of strength in the U.S. economy. The greenback fell ...

Foreign Reserves Slip in Emerging Markets, Raising Risks

TODAY: Aug. 1, 2015 PUB DATE: June 24, 2015

By Carolyn Cui Central banks in emerging markets are running down their foreign-currency reserves at the fastest pace since the financial crisis, reducing some countries' capacity to weather potential shocks, such as a rate increase in the U.S. Total foreign-exchange ...

Foreign Reserves Slip in Emerging Markets, Raising Risks

TODAY: Aug. 1, 2015 PUB DATE: June 24, 2015

By Carolyn Cui Central banks in emerging markets are running down their foreign-currency reserves at the fastest pace since the financial crisis, reducing some countries' capacity to weather potential shocks, such as a rate increase in the U.S. Total foreign-exchange ...

Fabric of a Trade Deal: U.S. Asks Vietnam to Cut Out Chinese Textiles

TODAY: Aug. 1, 2015 PUB DATE: June 24, 2015

By Tom Wright And Mark Magnier HANOI--The U.S., aiming to bolster American exporters, is stipulating that countries joining its new Pacific trade zone cut back on imports from China--a proposal that is meeting resistance from businesses and officials who say ...

U.S. Officials Warn Chinese Cyber Espionage Imperils Ties

TODAY: Aug. 1, 2015 PUB DATE: June 24, 2015

By Felicia Schwartz WASHINGTON--Top U.S. officials issued stern admonitions Tuesday about China's behavior in cyberspace, warning it could threaten one of the most important geopolitical relationships in the world. The blunt warning came as high-level officials from the two major ...

Ahold, Delhaize Agree on $29 Billion Merger

TODAY: Aug. 1, 2015 PUB DATE: June 24, 2015

European grocery chains Royal Ahold NV and Belgium's Delhaize Group have agreed to a merger, creating one of the largest supermarket operators in the U.S. The combined company will be valued at ?26.07 billion ($29.11 billion) based on their closing ...

City Schools to Expand Breakfast Program, Add Gym Teachers

TODAY: Aug. 1, 2015 PUB DATE: June 24, 2015

By Leslie Brody New York City will devote more money to speed up evaluations for children with special needs, add gym teachers, expand free breakfasts and extend learning time in struggling schools, according to a handshake deal on the fiscal ...

SEC Freezes Assets of China-Based Trader for Suspicious Trades

TODAY: Aug. 1, 2015 PUB DATE: June 24, 2015

HONG KONG?The U.S. Securities and Exchange Commission got a court order Tuesday to freeze the assets of a China-based trader for suspicious activity ahead of a $9 billion buyout offer for a U.S.-listed Chinese Internet company last week. Haijian Luo, ...