FCC Approves Charter Purchase of Time Warner Cable--3rd Update

TODAY: May 6, 2016 PUB DATE: May 6, 2016

By John D. McKinnon The Federal Communications Commission said Friday it had formally voted to approve Charter Communications Inc.'s acquisition of Time Warner Cable Inc., creating a telecommunications giant while imposing tough operating restrictions on it. The conditions placed on ...

Natural Rate is Lower and That Affects Policy, Fed Officials Say

TODAY: May 6, 2016 PUB DATE: May 6, 2016

A small group of Federal Reserve officials warned Thursday a notably decline in a key interest rate variable has serious implications for growth and how central banks conduct policy. The chiefs of the Atlanta, Dallas St. Louis and San Francisco ...

U.S. Grains, Soybeans Hit Multiweek Lows As Dollar Rises

TODAY: May 6, 2016 PUB DATE: May 6, 2016

By Jesse Newman CHICAGO--U.S. grain and soybean futures fell to multiweek lows Thursday amid strength in the U.S. dollar and benevolent spring planting weather. Soybean prices slid to a nearly two-week low as the dollar rose, making U.S. crops less ...

Energy Producer Narrows Its Loss -- WSJ

TODAY: May 6, 2016 PUB DATE: May 6, 2016

By Tess Stynes Chesapeake Energy Corp. on Thursday said its first-quarter loss narrowed as the embattled energy producer posted a smaller asset write-down than a year earlier as the result of low oil and gas prices. Chesapeake also reached a ...

U.S. Stock Futures Fall, Treasurys Rise After Jobs Report

TODAY: May 6, 2016 PUB DATE: May 6, 2016

By Riva Gold U.S. stock futures fell and Treasury bonds rose Friday after the Labor Department reported that fewer jobs were created in April than economists expected. Nonfarm payrolls rose by a seasonally adjusted 160,000 in April, the Labor Department ...

Brain Drain' Hits Eastern European Economies

TODAY: May 6, 2016 PUB DATE: May 6, 2016

The migration of skilled workers from eastern to western Europe has lowered economic growth rates in the former but been positive for the latter, the International Monetary Fund said Friday. In a twice-yearly assessment of growth prospects for 22 countries ...

Madison Square Garden Revenue Rises on Higher Broadcast Fees

TODAY: May 6, 2016 PUB DATE: May 6, 2016

By Austen Hufford Madison Square Garden Co. reported an increase in revenue but lost more money as the company benefited from higher broadcast fees. In September, Madison Square Garden separated its media business and its sports-entertainment business. Its media business, ...

U.S. Job Growth Slows, but Worker Wages Pick Up -- Update

TODAY: May 6, 2016 PUB DATE: May 6, 2016

By Eric Morath WASHINGTON -- The U.S. labor market decelerated in April, a sign employers may be turning cautious after the economy slowed early in the year. Nonfarm payrolls rose by a seasonally adjusted 160,000 in April, the Labor Department ...

Excalibur Steel Lining Up Funding for a Tata Steel UK Bid

TODAY: May 6, 2016 PUB DATE: May 6, 2016

By Alex MacDonald LONDON--Excalibur Steel, the management buyout vehicle interested in purchasing Tata Steel's (500470.BY) remaining U.K. assets, met with bankers to line up financing for a deal, a company spokesman said Friday. The management buyout team, led by Stuart ...

FCC Approves Charter Purchase of Time Warner Cable--Update

TODAY: May 6, 2016 PUB DATE: May 6, 2016

By Josh Beckerman The Federal Communications Commission approved Charter Communications Inc.'s $55 billion acquisition of Time Warner Cable Inc., with conditions. In a brief statement, the agency said it would issue an order with more details in the coming days. ...

Consumer Credit Ballooned in March At Fastest Pace Since 2001

TODAY: May 6, 2016 PUB DATE: May 6, 2016

By Harriet Torry and Ben Leubsdorf WASHINGTON--Borrowing by U.S. consumers ballooned in March at the fastest pace in more than a decade. Outstanding consumer credit, a measure of non-real estate debt, rose by a seasonally adjusted $29.67 billion in March ...

FCC Approves Charter Purchase of Time Warner Cable--2nd Update

TODAY: May 6, 2016 PUB DATE: May 6, 2016

By Josh Beckerman The Federal Communications Commission approved Charter Communications Inc.'s $55 billion acquisition of Time Warner Cable Inc., with conditions. In a brief statement, the agency said it would issue an order with more details in the coming days. ...

Banks Skewer Proposal Limiting Arbitration--Update

TODAY: May 6, 2016 PUB DATE: May 6, 2016

By Yuka Hayashi in Washington, and AnnaMaria Andriotis and Christina Rexrode in New York WASHINGTON -- Consumers are set to gain new powers to sue banks under a proposal unveiled by regulators, a move that lenders warned would hurt rather ...