Senate Leaders Reach New Deal on Fast-Track Vote

TODAY: July 5, 2015 PUB DATE: May 13, 2015

By Siobhan Hughes And William Mauldin WASHINGTON--Senate leaders reached an agreement Wednesday to revive a bill that would provide fast-track trade-negotiation powers to President Barack Obama, one day after the chamber's Democrats blocked the measure in a stinging defeat for ...

Gov. Chris Christie Pushes for Reagan-Era Tax Rates

TODAY: July 5, 2015 PUB DATE: May 13, 2015

By John D. McKinnon And Bob Davis New Jersey Gov. Chris Christie called Tuesday for rolling back personal income-tax rates to 1986 levels, the latest in a series of proposals by announced and likely Republican presidential candidates who are positioning ...

German GDP Growth Slows While France Picks Up -- 2nd Update

TODAY: July 5, 2015 PUB DATE: May 13, 2015

By Stacy Meichtry and Paul Hannon The eurozone's largest economies experienced mixed fortunes at the start of 2015, with France recording a stronger-than-expected return to growth, while Germany slowed. In both economies, growth was driven largely by household consumption, likely ...

Moody's Cuts Chicago's Debt to Junk

TODAY: July 5, 2015 PUB DATE: May 13, 2015

By Aaron Kuriloff Moody's Investors Service cut its rating on Chicago's debt to junk, citing expected increases in unfunded pension burdens after a ruling by the Illinois Supreme Court that overturned state pension changes. The ratings firm dropped Chicago debt ...

China January-April Housing Sales Down 2.2% on-Year

TODAY: July 5, 2015 PUB DATE: May 13, 2015

SHANGHAI--China's housing sales in the first four months of the year fell 2.2% from the same period a year earlier, an improvement from the first quarter's 9.2% decline as easier monetary policy draws some homebuyers back into the market. Housing ...

Australia Wages Rise 0.5% in 1Q

TODAY: July 5, 2015 PUB DATE: May 13, 2015

By Rachel Pannett SYDNEY--Australian wages excluding bonuses rose a seasonally adjusted 0.5% in the first quarter from the immediately preceding quarter and rose 2.3% from a year earlier, the Australian Bureau of Statistics said Wednesday. The country's central bank has ...

Engie's 2 Belgium Nuclear Reactors to Stay Idle Until November

TODAY: July 5, 2015 PUB DATE: May 13, 2015

By Inti Landauro PARIS--French power utility Engie (GSZ.FR), formerly known as GDF Suez, on Wednesday said the two nuclear reactors halted in Belgium since March 2014 will remain so until Nov. 1. The two reactors--Doel 3 and Tihange 2--were shut ...

German Inflation Picks Up in April

TODAY: July 5, 2015 PUB DATE: May 13, 2015

By Emese Bartha FRANKFURT--Germany's annual inflation rate picked up in April, indicating that the European Central Bank's bond purchase program may be starting to have its desired effect. Consumer prices measured according to common European standard fell 0.1% on the ...

France's March Current Account Deficit Narrowed To EUR1.5 Billion

TODAY: July 5, 2015 PUB DATE: May 13, 2015

By Inti Landauro PARIS--France's current account deficit narrowed in March to 1.5 billion euros ($1.68 billion) from EUR1.8 billion in February, the Bank of France said Wednesday. The bank said an improvement in the services sector during the month offset ...

IEA: Battle for Oil Market Share Just Beginning -- Update

TODAY: July 5, 2015 PUB DATE: May 13, 2015

By Sarah Kent LONDON--A global battle for market share between OPEC and non-OPEC producers that has rocked oil markets and fed into the biggest price slump since the financial crisis is just getting started, the International Energy Agency said Wednesday. ...

China Housing Market Shows Signs of Life -- Update

TODAY: July 5, 2015 PUB DATE: May 13, 2015

By Esther Fung SHANGHAI--China's housing sales showed signs of a turnaround in April, posting year-over-year growth for the first time since December 2013, as home buyers waded back into the market following recent policy easing measures by the central government. ...

U.S. Import Prices Fall 0.3% in April

TODAY: July 5, 2015 PUB DATE: May 13, 2015

WASHINGTON-Prices of imported goods fell last month, suggesting weak global demand and a stronger dollar continue to hold back U.S. inflation. Import prices declined a seasonally adjusted 0.3% in April from March, the Labor Department said Wednesday. Prices have fallen ...

Bank of England Cuts U.K. Growth Forecasts

TODAY: July 5, 2015 PUB DATE: May 13, 2015

LONDON--The Bank of England cut its growth forecasts for the U.K. economy on Wednesday, but signaled it remains on course to lift its benchmark interest rate from its historic low in the middle of next year. The BOE said in ...

NATO to Remain in Afghanistan After Current Mission Ends

TODAY: July 5, 2015 PUB DATE: May 13, 2015

By Emre Peker ANTALYA, Turkey--Afghanistan and the North Atlantic Treaty Organization agreed on Wednesday for the Western military alliance to remain in the country after its current mission ends, the first formal step in establishing a long-term presence of foreign ...

Greece's Economy Contracts Again

TODAY: July 5, 2015 PUB DATE: May 13, 2015

ATHENS--Greece's economy contracted for a second consecutive quarter in the first three months of the year, data from the country's statistics office showed Wednesday. The Hellenic Statistical Authority (Elstat) said in a statement that seasonally adjusted figures show Greece's gross ...

U.S. Retail Sales-Historical -2-

TODAY: July 5, 2015 PUB DATE: May 13, 2015

Nov 05 343,798 2.3 6.0 : 278,953 2.4 7.7 Oct 05 336,134 0.9 5.1 : 272,540 3.3 8.6 Sep 05 333,289 -6.3 6.3 : 263,877 -3.9 10.0 Aug 05 355,701 1.1 9.0 : 274,481 3.9 9.8 Jul 05 351,827 0.3 ...

Ralph Lauren Profit Falls 19% on Forex Hit

TODAY: July 5, 2015 PUB DATE: May 13, 2015

By Tess Stynes Ralph Lauren Corp. said its earnings fell 19% as foreign-currency impacts weighed on the apparel company's underlying revenue growth during the quarter ended in March. Ralph Lauren's board authorized the repurchase of an additional $500 million of ...

European Stocks Surrender Early Gains--Update

TODAY: July 5, 2015 PUB DATE: May 13, 2015

By Tommy Stubbington European stocks surrendered early gains Wednesday after some unexpectedly weak U.S. retail sales figures dragged down the dollar against the euro. The Stoxx Europe 600 index ended the session 0.2% lower, having risen nearly 1% earlier in ...