Controlling Markets Has Become a No-Win Game for Beijing

TODAY: Feb. 13, 2016 PUB DATE: Jan. 7, 2016

By Lingling Wei and Anjani Trivedi When the International Monetary Fund added the Chinese yuan to its elite basket of global reserve currencies in late November, officials at China's central bank patted themselves on the back. "There was a sense ...

Eurozone Recovery Gained Momentum Toward Year End -- Update

TODAY: Feb. 13, 2016 PUB DATE: Jan. 7, 2016

By Paul Hannon The eurozone's unemployment rate has fallen to its lowest level in four years, while businesses and consumers are more optimistic about their prospects than at any time since April 2011, fresh evidence that the currency area's modest ...

Eurozone Recovery Gained Momentum Toward Year End

TODAY: Feb. 13, 2016 PUB DATE: Jan. 7, 2016

The eurozone's unemployment rate has fallen to its lowest level in four years, while businesses and consumers are more optimistic about their prospects than at any time since April 2011, fresh evidence that the currency area's modest economic recovery gained ...

South African Rand Plunges to Record Low

TODAY: Feb. 13, 2016 PUB DATE: Jan. 7, 2016

By Patrick McGroarty JOHANNESBURG--The South African rand blew out to record lows on Thursday as global markets shuddered in response to deepening turmoil in China and other major emerging markets. The rand fell to nearly 16.22 against the dollar in ...

Constellation Brands Reports Profit Jumped

TODAY: Feb. 13, 2016 PUB DATE: Jan. 7, 2016

Constellation Brands Inc. on Thursday said profit jumped 22% in the latest quarter, and it raised its earnings outlook for the year as acquisitions provided a boon for the beer and wine distributor. Shares, which have risen 39% in the ...

US Jobless Claims Fell By 10,000 Last Week

TODAY: Feb. 13, 2016 PUB DATE: Jan. 7, 2016

By Anna Louie Sussman and Josh Mitchell WASHINGTON-- The number of Americans filing for first-time unemployment benefits fell in the last week, remaining near historic lows as the labor market continues to add jobs. Initial jobless claims, a proxy for ...

Asian Rubber Futures End Lower as China Concerns Weigh

TODAY: Feb. 13, 2016 PUB DATE: Jan. 7, 2016

By Lucy Craymer Rubber prices across Asia continued to slide as they became another casualty of concerns about the situation in China. Tocom benchmark six-month rubber futures touched a low of Y146.2 a kilogram in early trading, the lowest level ...

Brazil's Industrial Production Plunges in November

TODAY: Feb. 13, 2016 PUB DATE: Jan. 7, 2016

RIO DE JANEIRO?Brazilian industry contracted in November by even more than economists' dire predictions had indicated, as the country's worst recession in decades deepened. Industrial production plunged 2.4% from October in seasonally adjusted terms and 12.4% from November 2014, the ...

Global Stocks Slide on China Volatility

TODAY: Feb. 13, 2016 PUB DATE: Jan. 7, 2016

By Riva Gold and Corrie Driebusch U.S. stocks pared steep initial losses after a plunge in Chinese equities spilled over to global markets on Thursday. The Dow Jones Industrial Average recently declined 141 points, or 0.8%, to 16791, after earlier ...

Apple Buys Artificial-Intelligence Startup Emotient -- Update

TODAY: Feb. 13, 2016 PUB DATE: Jan. 7, 2016

By Rolfe Winkler, Daisuke Wakabayashi and Elizabeth Dwoskin Apple Inc. has purchased Emotient Inc., a startup that uses artificial-intelligence technology to read people's emotions by analyzing facial expressions. It isn't clear what Apple plans to do with Emotient's technology, which ...

Oil Prices Hover Near Multiyear Lows

TODAY: Feb. 13, 2016 PUB DATE: Jan. 7, 2016

By Nicole Friedman NEW YORK--Oil prices erased gains to trade near flat Thursday, but analysts warned that prices likely have further to fall. Oil benchmarks fell to the lowest level in more than a decade in overnight trading amid continuing ...

Media General and Nexstar Reach Merger Deal

TODAY: Feb. 13, 2016 PUB DATE: Jan. 7, 2016

Media General Inc. said it has negotiated a deal to be bought by Nexstar Broadcasting Group Inc., though that takeover would be contingent on the termination of its deal to merge with Meredith Corp., which itself fired back with new ...

Letters Of Credit Not Received For Egyptian Wheat Tender--Traders

TODAY: Feb. 13, 2016 PUB DATE: Jan. 7, 2016

By Ed Ballard LONDON--Some letters of credit for recent purchases of wheat by Egypt's General Authority For Supply Commodities, known as GASC, haven't been received for recent purchases, traders from two firms involved in selling to Gasc late last year ...

Challenger Job-Cuts-Historical

TODAY: Feb. 13, 2016 PUB DATE: Jan. 7, 2016

Based information tracked through news reports and public announcements of companies' job cut plans by Challenger, Gray and Christmas, Inc. Total % Chg From % Chg From Month Index Month Ago Year Ago -2015- YTD 598,511 ---- NA Dec 15 ...

Dow Losses Accelerate as China Worries Intensify

TODAY: Feb. 13, 2016 PUB DATE: Jan. 7, 2016

By Corrie Driebusch and Riva Gold U.S. stocks extended their losses in the final hour of trading, with the Dow Jones Industrial Average falling more than 400 points as a steep fall in Chinese equities spilled over to global markets. ...

Dow Takes Sharp Drop as China Worries Intensify

TODAY: Feb. 13, 2016 PUB DATE: Jan. 7, 2016

By Corrie Driebusch and Riva Gold The Dow Jones Industrial Average briefly fell more than 400 points Thursday as steep falls in Chinese equities spilled over to global markets. The Dow Jones Industrial Average recently dropped 356 points, or 2.1%, ...

Treasury Bonds Rise, But Strength Contained Ahead of Jobs Report

TODAY: Feb. 13, 2016 PUB DATE: Jan. 7, 2016

By Min Zeng U.S. Treasury bonds strengthened, sending the yield on the benchmark 10-year note to nearly a one-month low, as China's stock market turmoil rippled globally and stoked demand for haven assets. The bond market's price gain was kept ...

Dow Tumbles Nearly 400 Points on China Worries

TODAY: Feb. 13, 2016 PUB DATE: Jan. 7, 2016

By Corrie Driebusch and Riva Gold The Dow Jones Industrial Average fell nearly 400 points Thursday as steep falls in Chinese equities spilled over to global markets. Thursday's selloff came after the People's Bank of China made its largest downward ...

U.S. Wheat Gains on Short Covering; Corn, Soy Mixed

TODAY: Feb. 13, 2016 PUB DATE: Jan. 7, 2016

By Jesse Newman CHICAGO--U.S. wheat futures closed higher Thursday, recovering from earlier losses on investor short covering and a weaker U.S. dollar. Corn and soybeans were mixed. Wheat prices bounced back, closing higher for the third consecutive session, after sliding ...