SunTrust Banks Tops Earnings, Revenue Expectations -- 3rd Update

TODAY: Sept. 3, 2015 PUB DATE: July 17, 2015

By Lisa Beilfuss And Rachel Louise Ensign SunTrust Banks Inc.'s profit rose and beat expectations in the second quarter as expenses fell. The Atlanta-based bank reported a profit of $483 million before paying preferred dividends, up from $399 million a ...

U.S. Grains, Soybeans Decline on Better Weather, Fund Liquidation

TODAY: Sept. 3, 2015 PUB DATE: July 17, 2015

By Jesse Newman CHICAGO--U.S. grain and soybean futures fell on Friday amid fund liquidation ahead of the weekend and improving weather conditions. Wheat prices declined to a three-week low, retreating as financial investors liquidated long positions--or bets that prices would ...

U.S. Housing Starts Rose 9.8% in June--2nd Update

TODAY: Sept. 3, 2015 PUB DATE: July 17, 2015

By Kate Davidson And Kris Hudson U.S. home construction surged in June, driven by demand for the apartments and condominiums that new households tend to favor. Housing starts rose 9.8% from a month earlier to a seasonally adjusted annual rate ...

U.S. Grains, Soybeans Fall Amid Fund Selling; Improving Forecasts

TODAY: Sept. 3, 2015 PUB DATE: July 17, 2015

By Jesse Newman CHICAGO--U.S. grain and soybean futures declined Friday amid fund liquidation and better growing conditions in the Midwest crop belt. Corn prices slid to the lowest level in more than a week as financial investors liquidated long positions--or ...

Fed Proposes Tweaks to Guidelines for Banks' 2016 Stress Tests

TODAY: Sept. 3, 2015 PUB DATE: July 17, 2015

By Victoria McGrane WASHINGTON--Big U.S. banks have another year before they have to clear a higher minimum capital requirement in the Fed's annual "stress test" examination, the central bank indicated Friday. The Fed proposed a series of technical changes to ...

Yahoo Files Registration Statement for Spinoff of Alibaba Shares

TODAY: Sept. 3, 2015 PUB DATE: July 17, 2015

By Josh Beckerman Yahoo Inc. filed a registration statement detailing its previously announced plan to spin off its shares of Alibaba Group Holding Ltd. The name selected for the new public company is Aabaco Holdings Inc., Yahoo said. Write to ...

Corning Authorizes $2 Billion Share Buyback Program -- Update

TODAY: Sept. 3, 2015 PUB DATE: July 16, 2015

By Maria Armental Corning Inc. has approved spending up to an additional $2 billion to buy back stock through the end of 2016, saying it believes the company's value is greater than its share price reflects. The authorization adds to ...

Corning Approves $2 Billion Share Buyback Program

TODAY: Sept. 3, 2015 PUB DATE: July 16, 2015

Corning Inc. has approved spending up to $2 billion to buy back stock through the end of 2016, saying it believes the company's value is greater than its share price reflects. The maker of specialty-glass products, including scratch- and crack-resistant ...

Activist Knocks on Macy's Door--3rd Update

TODAY: Sept. 3, 2015 PUB DATE: July 16, 2015

By David Benoit And Suzanne Kapner Macy's Inc., in the eyes of some investors, should worry less about selling shoes and dresses and more about selling its real estate. Activist investor Starboard Value LP on Wednesday said it had accumulated ...

Oil Futures Edge Higher, but Remain Under Pressure

TODAY: Sept. 3, 2015 PUB DATE: July 16, 2015

By Eric Yep Crude-oil futures edged higher in Asian hours Thursday, but still trade near three-month lows after posting sharp losses in the previous session on concerns over U.S. fuel demand and a global supply surplus. On the New York ...

Samsung Merger Allowed to Proceed, Court Rules -- Update

TODAY: Sept. 3, 2015 PUB DATE: July 16, 2015

By Min-Jeong Lee SEOUL--A South Korean court on Thursday ruled in favor of allowing a merger of two Samsung affiliates to proceed, rejecting a motion by U.S. hedge fund Elliott Associates LP to block the deal, which would help the ...

Swatch Profit Dented by Swiss Franc, Low Interest Rates -- Update

TODAY: Sept. 3, 2015 PUB DATE: July 16, 2015

By John Revill ZURICH-- Swatch Group AG on Thursday reported a 20% decline in net income as the "massively overvalued" Swiss franc and negative interest rates in Switzerland bit into profit at the world's largest watchmaker. Biel-based Swatch, which owns ...

QBE Insurance Sells North American Mortage, Lender Services Unit

TODAY: Sept. 3, 2015 PUB DATE: July 16, 2015

By Robb M. Stewart MELBOURNE, Australia--QBE Insurance Group Ltd. (QBE.AU) has moved to further pare back operations it doesn't view as core, striking a deal to sell its North American mortgage and lender services unit for US$90 million. The company ...

EU Launches Antitrust Investigations Into Qualcomm

TODAY: Sept. 3, 2015 PUB DATE: July 16, 2015

By Tom Fairless BRUSSELS--European Union regulators on Thursday launched twin investigations into U.S.-based chip maker Qualcomm Inc. to examine possible abuses of the bloc's antitrust rules, the latest crackdown by the EU on a U.S. tech giant. The European Commission, ...

Singapore June Non-Oil Exports Gain 4.7% on-Year; Beat Expectations

TODAY: Sept. 3, 2015 PUB DATE: July 16, 2015

By Gaurav Raghuvanshi SINGAPORE--Singapore's key non-oil domestic exports rose more than expected in June on strong demand from China, Europe and the U.S., the biggest destination for shipments from the island nation. Exports of goods made in Singapore rose 4.7% ...

EU Launches Qualcomm Antitrust Probes -- 2nd Update

TODAY: Sept. 3, 2015 PUB DATE: July 16, 2015

By Tom Fairless BRUSSELS--Europe's competition regulator trained its sights on U.S.-based chip maker Qualcomm Inc. on Thursday, opening two separate investigations to establish whether the world's biggest mobile chipmaker had abused its market power in violation of EU law. The ...

BB&T Profit Rises

TODAY: Sept. 3, 2015 PUB DATE: July 16, 2015

BB&T; Corp. said its profit grew 7.1% in the second quarter as its revenue and average total loans edged higher, though a key measure of lending profitability narrowed. Adjusted per-share earnings met Wall Street estimates. The Winston-Salem, N.C. bank, one ...

Ukraine Makes Progress in Talks With Creditors

TODAY: Sept. 3, 2015 PUB DATE: July 16, 2015

Ukraine and its creditors said Thursday they made progress in negotiations to restructure the country's debt but gave no further details, as the possibility of a default loomed with Kiev nearing a payment deadline next week. In a joint statement, ...

Why Monsanto, Syngenta Could Merge

TODAY: Sept. 3, 2015 PUB DATE: July 16, 2015

(FROM THE WALL STREET JOURNAL 7/16/15) By Jacob Bunge In resisting a roughly $45 billion takeover bid from rival Monsanto Co., Syngenta AG has argued emphatically that a merger between the big suppliers of seeds and pesticides would run afoul ...

Falling Oil Prices Hit Canadian Economy

TODAY: Sept. 3, 2015 PUB DATE: July 16, 2015

By Kim Mackrael OTTAWA--Canada's central bank cut interest rates for the second time in six months, highlighting how severely the oil-price collapse is crimping growth in one of the world's most energy-dependent advanced economies. The Bank of Canada l owered ...