Fed Meeting, GDP, but No Jobs Report -- Data Week Ahead

TODAY: April 24, 2015 PUB DATE: April 24, 2015

By Kathleen Madigan A busy week of economic events will be headlined by a policy meeting at the Federal Reserve, factory reports and the first estimate of first-quarter economic growth. Economists don't expect much news to come out of the ...

Chesapeake to Pay $25 Million to Settle Michigan Charges

TODAY: April 24, 2015 PUB DATE: April 24, 2015

By Erin Ailworth Chesapeake Energy Corp. has agreed to pay $25 million to settle antitrust allegations made by Michigan's attorney general, as well as complaints that it misled hundreds of landowners to obtain leases in the state. Michigan Attorney General ...

Starbucks Revenue Rises as Traffic Grows -- Update

TODAY: April 24, 2015 PUB DATE: April 24, 2015

By Ilan Brat Starbucks Corp. reported stronger sales and sharply higher profit in its latest quarter, an early indication that its financial results may emerge unscathed from the social-media-fueled backlash to its efforts to spur conversations on race relations. Chief ...

Comcast to Drop Bid for Time Warner Cable

TODAY: April 24, 2015 PUB DATE: April 24, 2015

Comcast Corp. is planning to drop its proposed acquisition of Time Warner Cable Inc., according to people familiar with the matter, after stiff resistance from U.S. regulators threw the merger of the cable giants off track. A withdrawal by Comcast ...

Nasdaq Climbs to a Record, Again Fueled by Tech

TODAY: April 24, 2015 PUB DATE: April 24, 2015

By E.S. Browning Technology stocks propelled the Nasdaq Composite Index to a record, 15 years after it soared to its last peak on the backs of young Silicon Valley companies--before plunging when dot-com mania evaporated. While today's Nasdaq still houses ...

Two Agencies' Probes Proved Too Much for Comcast

TODAY: April 24, 2015 PUB DATE: April 24, 2015

By Brent Kendall WASHINGTON-- Comcast Corp.'s soon-to-be abandoned plan to acquire Time Warner Cable Inc. ran up against the challenge of overcoming scrutiny by two federal regulators and a Justice Department antitrust review that was more skeptical than some expected. ...

Dollar Unchanged Against Yen Ahead of FOMC, BOJ Meetings

TODAY: April 24, 2015 PUB DATE: April 24, 2015

By Hiroyuki Kachi The dollar was flat against the yen in Asian trade Friday, with investors sitting on the sidelines ahead of key monetary policy meetings in the U.S. and Japan scheduled for next week. Around 0450 GMT, the dollar ...

Asian Shares Mixed, China Comes Off Early Lows

TODAY: April 24, 2015 PUB DATE: April 24, 2015

China shares pared early losses after the country's securities regulator denied rumors that it would raise taxes on local stock investors, while Hong Kong was headed for sixth straight weeks of gains. The Shanghai Composite Index was down 0.3% at ...

Oil Trades Near Year-High, Market Sentiment Still Bullish

TODAY: April 24, 2015 PUB DATE: April 24, 2015

Crude-oil futures were trading slightly below the highest level for this year in Asian trade Friday, supported by bullish market sentiment and continued unrest in Yemen. On the New York Mercantile Exchange, light, sweet crude futures for delivery in June ...

Sabadell Says 1Q Net Profit More Than Doubled--Update

TODAY: April 24, 2015 PUB DATE: April 24, 2015

By Christopher Bjork MADRID--Banco de Sabadell SA Friday said its net profit more than doubled in the first quarter as its pool of soured loans shrunk rapidly, allowing the Spanish lender to set aside less cash to cover losses. Spain's ...

Comcast Ends Time Warner Cable Deal

TODAY: April 24, 2015 PUB DATE: April 24, 2015

Comcast Corp. on Friday ended its plans to acquire Time Warner Cable Inc., as increasing pressure from regulators prompted the end of the $45.2 billion deal. "Today, we move on. Of course, we would have liked to bring our great ...

German Business Sentiment Hits New High - Update

TODAY: April 24, 2015 PUB DATE: April 24, 2015

By Nina Adam FRANKFURT--Confidence among German companies improved in April to its highest level in nearly a year, a closely watched business survey showed, extending a strong start to 2015 for Europe's biggest economy. Still, a drop in expectations for ...

Oil Prices Rise on Weak Dollar

TODAY: April 24, 2015 PUB DATE: April 24, 2015

By Georgi Kantchev LONDON--Global oil prices rose on Friday, supported by bullish market sentiment and a weaker dollar ahead of key U.S. oil drilling data. The gains extended a recent rally which prompted some forecasters to raise their projections for ...

Turkish Lira Slumps to New Low--Update

TODAY: April 24, 2015 PUB DATE: April 24, 2015

By Yeliz Candemir ISTANBUL--Turkey's lira slumped to a new record low against the dollar on Friday, reflecting market disappointment with the central bank's recent efforts to stabilize the currency and political uncertainty ahead of parliamentary elections in June. The currency ...

BAE Systems Considers Exiting Some U.S. IT Activities -- 3rd Update

TODAY: April 24, 2015 PUB DATE: April 24, 2015

By Robert Wall LONDON--BAE Systems PLC (BA.LN) said on Friday it is considering exiting some of its U.S.-based information technology activities after having been approached by others about taking over the assets. The U.S. manpower and services IT business, principally ...

Dollar Slumps Against Euro to Two-Week Low -- 2nd Update

TODAY: April 24, 2015 PUB DATE: April 24, 2015

By Josie Cox The U.S. dollar slumped to a more than two-week low against the euro early Friday, pressured by some weak U.S. housing markets numbers out Thursday, and fears that any more downbeat data could knock investors' confidence in ...

Mylan to Make Formal Bid for Perrigo -- 2nd Update

TODAY: April 24, 2015 PUB DATE: April 24, 2015

By Angela Chen Mylan NV said it will make a formal offer, worth about $33 billion in cash and stock, to buy generic drug maker Perrigo Co., the latest move in a three-way takeover tussle in the pharmaceutical industry. Mylan, ...