GE's Move Alters The Bond Market

TODAY: May 22, 2015 PUB DATE: April 11, 2015

(FROM THE WALL STREET JOURNAL 4/11/15) By Mike Cherney and Katy Burne General Electric Co.'s sweeping restructuring lit up the bond market Friday. The Fairfield, Conn., company said it doesn't expect its GE Capital unit to sell new long-term debt ...

With GE Move, a Bounty of Assets Up for Grabs

TODAY: May 22, 2015 PUB DATE: April 11, 2015

By Telis Demos And Julie Steinberg The deep freeze in deal making among banks is about to start thawing. As part of General Electric Co.'s plan, announced Friday, to significantly scale back its finance arm, the company will seek buyers ...

Walton Family, as Stake Rises, Plans to Sell Some Wal-Mart Shares

TODAY: May 22, 2015 PUB DATE: April 11, 2015

By Lisa Beilfuss The Walton family said Friday it plans to sell some of its stake in Wal-Mart Inc., to offset further increases in its ownership percentage and to help fund charitable contributions. As a result of the company's stock-buyback ...

GE Bites Tax Bullet in Move to Help Share Buybacks

TODAY: May 22, 2015 PUB DATE: April 11, 2015

By John D. McKinnon And Liz Hoffman As General Electric Co. unveiled a reshaping of its balance sheet and operations, the company's decision to repatriate $36 billion in foreign cash brings a large tax bill and raises concerns about whether ...

GE Deal Helps Finance Chief Steps Out of Immelt's Shadow

TODAY: May 22, 2015 PUB DATE: April 11, 2015

By Joann S. Lublin And Ted Mann General Electric Co.'s bold decision to sell much of its banking business is putting the spotlight on the other Jeff. Jeff Bornstein, 49-years-old, who took over in 2013 as chief financial officer during ...

GE's Move Alters the Bond Market

TODAY: May 22, 2015 PUB DATE: April 11, 2015

By Mike Cherney And Katy Burne General Electric Co.'s sweeping restructuring lit up the bond market Friday. The Fairfield, Conn., company said it doesn't expect its GE Capital unit to sell new long-term debt for at least five years, effectively ...

EU Antitrust Chief to Deliver Google Probe Findings Soon--Report

TODAY: May 22, 2015 PUB DATE: April 11, 2015

BERLIN--The European Union antitrust chief will soon reach a decision in a probe into Google Inc. (GOOG) that could have far-reaching implications for the company, said Guenther Oettinger, European commissioner for the digital economy. The European Commission has been conduction ...

GE To Cash Out Of Banking Business

TODAY: May 22, 2015 PUB DATE: April 11, 2015

(FROM THE WALL STREET JOURNAL 4/11/15) By Ted Mann and Victoria McGrane General Electric Co. made one of the biggest strategic shifts in its 123-year history by announcing plans to get out of the banking business and refocus on the ...

GE's Overhaul: A Guide For Investors

TODAY: May 22, 2015 PUB DATE: April 11, 2015

(FROM THE WALL STREET JOURNAL 4/11/15) By Maureen Farrell General Electric Co. will no longer be one of the largest global financial institutions. On Friday, the conglomerate announced plans to exit from GE Capital, its financial business. It is a ...

EBay, PayPal Offer New Details on Planned Split--Update

TODAY: May 22, 2015 PUB DATE: April 10, 2015

By Greg Bensinger Even after splitting up later this year, eBay Inc. and payments unit PayPal will be joined at the hip. EBay has agreed to ensure that roughly 80% of gross merchandise sales on its online marketplace are routed ...

Deutsche Bank Close to Resolving Interest-Rate Manipulation Probe

TODAY: May 22, 2015 PUB DATE: April 10, 2015

By Aruna Viswanatha WASHINGTON-- Deutsche Bank AG is close to resolving a long-running investigation into the manipulation of interest rates, but demands from New York's financial regulator--who hasn't previously been involved in related settlements--are pushing the penalty to new heights, ...

GE Close To Selling Real Estate Holdings--Update2

TODAY: May 22, 2015 PUB DATE: April 10, 2015

By Dana Mattioli, Eliot Brown, Ted Mann and Joann S. Lublin General Electric Co. is close to selling off most of its $30 billion in real-estate holdings, part of a broader effort to separate from a big finance business that ...

Aviva PLC Friends Life Scheme of arrangement sanctioned

TODAY: May 22, 2015 PUB DATE: April 10, 2015

TIDMAV. TIDMFLG RNS Number : 8863J Aviva PLC 10 April 2015 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT ...

A 60-Year-Old Earns Internet Glory

TODAY: May 22, 2015 PUB DATE: April 10, 2015

(FROM THE WALL STREET JOURNAL 4/10/15) By Rachel Emma Silverman and Nikki Waller At a time when some of the biggest deals in technology make overnight billionaires out of 20-something startup founders, the story of Lynda Weinman's success may come ...

China Economy In 'Targeted Range,' No Deflation Seen - Economist

TODAY: May 22, 2015 PUB DATE: April 10, 2015

William Kazer BEIJING--China's economy has been facing downward pressure but hasn't slipped out of its targeted growth range, a senior economist said Friday. Yu Bin of the Development Research Center, a leading government think tank, also said China wasn't in ...

Ruble Hits New High

TODAY: May 22, 2015 PUB DATE: April 10, 2015

MOSCOW--The Russian ruble reached its highest level against the dollar since December in early trading Friday as local investors continued to unload foreign currencies. The ruble has gradually recovered in the past two months but accelerated this week as households ...

Malaysia February Industrial Production Rises 5.2% on Year

TODAY: May 22, 2015 PUB DATE: April 10, 2015

By Jason Ng KUALA LUMPUR--Malaysia's industrial production climbed 5.2% in February from a year earlier, slightly above market expectations, thanks to strong gains in mining output, official data Friday showed. The median forecast of The Wall Street Journal's poll of ...

Malaysia Airports: March Passenger Traffic Up 4.4% From a Year Earlier

TODAY: May 22, 2015 PUB DATE: April 10, 2015

By Jason Ng KUALA LUMPUR--Malaysia Airports Holdings Bhd. (5014.KU) said Friday passenger traffic grew 4.4% in March from a year earlier, largely due to domestic movements at its Malaysian airports. Passenger traffic for March was 9.21 million movements compared with ...

Top 20% of Earners Pay 84% of Income Tax

TODAY: May 22, 2015 PUB DATE: April 10, 2015

Laura Saunders Who pays what in income taxes? With April 15 just around the corner, filers may be curious about where they fit into the system as a whole. The individual income tax remains the most important levy in the ...