Kabel Deutschland to Host Shareholder Meeting as Demanded by Elliott

TODAY: March 5, 2015 PUB DATE: Jan. 19, 2015

By Friedrich Geiger BERLIN-- Kabel Deutschland Holding AG will host an extraordinary shareholder meeting as demanded by activist investor Elliott, the German television cable network operator said Monday. Elliott, which owns 13.5% in Kabel Deutschland, last week called for the ...

Swiss Franc Remains at Sky-High Levels -- Update

TODAY: March 5, 2015 PUB DATE: Jan. 19, 2015

By Josie Cox The Swiss franc remained pinned at sky-high levels on Monday, hovering around one-to-one against the euro after last week's shock decision by the Swiss National Bank to allow its currency to climb. By midmorning, the franc's gains ...

EU Has No Plans for Easing Russia Sanctions -- Update

TODAY: March 5, 2015 PUB DATE: Jan. 19, 2015

By Naftali Bendavid And Laurence Norman BRUSSELS--The European Union sought Monday to dispel any suggestion that its united front against Russia was faltering or that members were considering lifting sanctions on Moscow in the near future. Questions about how long ...

New Bill Seeks to Curb Iran's Nuclear Program

TODAY: March 5, 2015 PUB DATE: Jan. 19, 2015

WASHINGTON--Two U.S. senators stepped up pressure on both the White House and Iran on Sunday, drafting legislation to impose new sanctions on Iran if U.S.-led talks to curb its nuclear ambitions collapse. Sens. Mark Kirk (R., Ill.) and Robert Menendez ...

Xiaomi to Invest in Kingsoft -- Update

TODAY: March 5, 2015 PUB DATE: Jan. 19, 2015

By Anjie Zheng in Hong Kong and Eva Dou in Beijing BEIJING--Chinese smartphone maker Xiaomi Corp. will buy a 3% stake in software maker Kingsoft Corp. from Tencent Holdings Ltd., as the company expands its investments after raising $1.1 billion ...

Merkel Plays Down ECB Decision and Greek Vote

TODAY: March 5, 2015 PUB DATE: Jan. 19, 2015

By Harriet Torry BERLIN--German Chancellor Angela Merkel on Monday played down the implication of two significant events for markets this week: the impending Greek elections and an expected move by the European Central Bank to buy government debt. "I wouldn't ...

Brazil General Price Index Rises 0.55% in Dec. 21-Jan. 10 Period

TODAY: March 5, 2015 PUB DATE: Jan. 19, 2015

By Rogerio Jelmayer SAO PAULO--Brazil's general price index rose by a larger-than-forecast 0.55% during the Dec. 21-Jan. 10 period, compared with a 0.65% rise in the Nov. 21-Dec. 10 period, according to figures published Monday by the private Getulio Vargas ...

Taxpayers Should Brace for IRS Bottlenecks

TODAY: March 5, 2015 PUB DATE: Jan. 18, 2015

Taxpayers are facing the worst service from the Internal Revenue Service since at least 2001, with more than half of callers unlikely to get through to the agency and average hold times of 30 minutes or more, according to a ...

Kirk-Menendez Bill Boosts Pressure to Curb Iran's Nuclear Program

TODAY: March 5, 2015 PUB DATE: Jan. 18, 2015

By Josh Mitchell WASHINGTON--Two U.S. senators stepped up pressure on both the White House and Iran on Sunday, drafting legislation to impose new sanctions on Iran if U.S.-led talks to curb its nuclear ambitions collapse. Sens. Mark Kirk (R., Ill.) ...

China December Housing Prices Fall -- Update

TODAY: March 5, 2015 PUB DATE: Jan. 18, 2015

By Esther Fung SHANGHAI--The average price of new homes in 70 Chinese cities fell at a slower pace on a month-to-month basis in December as developers pulled back on price cuts at year-end after Beijing unexpectedly cut interest rates in ...

A Swiss Shot Heard 'Round the World

TODAY: March 5, 2015 PUB DATE: Jan. 18, 2015

Fallout from Switzerland's wildly swinging currency ricocheted around the world, hitting global banks with tens of millions of dollars in losses and triggering the collapse of some brokerage firms. Deutsche Bank suffered about $150 million in losses Thursday after the ...

Obama to Propose Tax Hikes on Investments, Inherited Property

TODAY: March 5, 2015 PUB DATE: Jan. 18, 2015

By Carol E. Lee, Colleen McCain Nelson and John D. McKinnon WASHINGTON--President Barack Obama will call on the new Republican-led Congress to raise taxes on investments and inherited property and to create or expand a range of tax breaks for ...

More of Hungary's Debt Should be Based on Forint, PM Asserts -- Update

TODAY: March 5, 2015 PUB DATE: Jan. 18, 2015

By Veronika Gulyas Hungary's public debt, which is about 40 percent denominated in foreign currencies, mostly the euro, should gradually become more forint-based, the country's prime minister said Sunday in a radio interview. In reaction to the forint's prompt depreciation ...

Taxpayers Should Brace for IRS Bottlenecks -2-

TODAY: March 5, 2015 PUB DATE: Jan. 18, 2015

Thorley executives visited U.S. factories in four states to find a manufacturer for the baby seat. They found that the cost of producing the product in the U.S. could be roughly the same as in China, once transport and other ...

Hungary's Debt Should be Based on Forint, Not Euro, PM Asserts

TODAY: March 5, 2015 PUB DATE: Jan. 18, 2015

By Veronika Gulyas Hungary's public debt, which is mainly denominated in euros, should gradually become forint-based, the country's prime minister said Sunday in a radio interview. In reaction to the forint's prompt depreciation last Thursday versus core currencies when the ...

ValueAct Reports 5.1% Stake In Baker Hughes--Update

TODAY: March 5, 2015 PUB DATE: Jan. 17, 2015

By George Stahl And Lauren Pollock Activist investor ValueAct Capital Management LP reported Friday a 5.1% stake in Baker Hughes, a provider of oil-field services. The timing of the stake is interesting as Baker Hughes is in an agreement to ...

Arizona Gov. Ducey Moves to Balance Fiscal 2016 Budget

TODAY: March 5, 2015 PUB DATE: Jan. 17, 2015

Associated Press PHOENIX--Arizona Gov. Doug Ducey will cut 10% from state university funding, give a small increase to K-12 schools and essentially double the $8 vehicle license fee as part of a plan to balance the upcoming state budget. Those ...

ValueAct Reports 5.1% Stake In Baker Hughes

TODAY: March 5, 2015 PUB DATE: Jan. 17, 2015

By George Stahl And Lauren Pollock Activist investor ValueAct Capital Management LP reported Friday a 5.1% stake in Baker Hughes, a provider of oil-field services. The timing of the stake is interesting as Baker Hughes is in an agreement to ...