ChemChina's Global Shopping Spree is Debt-Fueled

TODAY: May 4, 2016 PUB DATE: March 10, 2016

By Kane Wu China Inc.'s most aggressive overseas acquirer is addicted to debt. China National Chemical Corp.--known as ChemChina--has asked bankers for more than $43 billion in loans over the past year to fund a global shopping spree. That includes ...

CURRENCIES: Euro Slips As ECB Uncertainty Keeps Traders On Edge

TODAY: May 4, 2016 PUB DATE: March 10, 2016

By Sara Sjolin, MarketWatch , Hiroyuki Kachi New Zealand dollar dives after rate cut The euro slipped against other major currencies on Thursday, as investors stayed cautious ahead of the closely watched European Central Bank meeting. Financial markets have already ...

U.S. Jobless Claims Fall Last Week to Lowest Level Since October

TODAY: May 4, 2016 PUB DATE: March 10, 2016

By Eric Morath WASHINGTON-The number of Americans applying for new unemployment benefits fell last week to the lowest level since October, the latest sign the jobs market is improving. Initial claims for jobless benefits, a proxy for layoffs in the ...

Correction to Argentina Oil and Gas Drillers Story on Wednesday

TODAY: May 4, 2016 PUB DATE: March 10, 2016

Some energy analysts say Argentina's high production costs make the system unsustainable "Argentina's 'Dead Cow' Provides Rare Bright Spot for Oil, Gas Drillers," at 6:37 p.m. ET Wednesday, incorrectly stated analysts described the system as sustainable in the 6th paragraph. ...

Stocks Edge Higher, Euro Swings After ECB Cuts Rates

TODAY: May 4, 2016 PUB DATE: March 10, 2016

By Riva Gold and Saumya Vaishampayan Stocks edged higher and the euro swung sharply Thursday after the European Central Bank announced a series of fresh stimulus measures to boost sagging eurozone inflation. The Dow Jones Industrial Average rose 0.2%, the ...

Coke CEO Kent's Pay Package Fell to $14.6 Million in 2015

TODAY: May 4, 2016 PUB DATE: March 10, 2016

By Tess Stynes Coca-Cola Co. said Chief Executive Muhtar Kent's total 2015 pay package declined 42% from a year earlier, with most of the decline divided between fluctuations in the estimated value of his pension benefits and reductions in his ...

Coke CEO's Compensation Fell to $14.6 Million in 2015

TODAY: May 4, 2016 PUB DATE: March 10, 2016

Coca-Cola Co. said Chief Executive Muhtar Kent's total 2015 pay package declined 42% from a year earlier, with most of the decline divided between fluctuations in the estimated value of his pension benefits and reductions in his stock and option ...

Nuance to Buy Back $500 Million of Icahn Shares

TODAY: May 4, 2016 PUB DATE: March 10, 2016

Nuance Communications Inc. on Thursday said it agreed to repurchase $500 million of its stock?about 26.32 million shares?from activist investor Carl Icahn and affiliates. The speech-recognition software maker will pay its largest stakeholder $19 a share, a 6% discount to ...

Glencore Aluminum Head, Andrew Caplan, Steps Down

TODAY: May 4, 2016 PUB DATE: March 10, 2016

By Scott Patterson Glencore PLC's Andrew Caplan is stepping down from his role as head of aluminum and plans to leave the company by the end of the summer, according to a spokesman for the company. Mr. Caplan will be ...

China's New Car Sales Fall 1.5% in February -- Update

TODAY: May 4, 2016 PUB DATE: March 10, 2016

SHANGHAI--Growth cooled in the world's largest light-vehicle market in early 2016, raising a caution flag for dealers becoming reluctant to put too much inventory on car lots amid concerns about the broader economy and stock market. New car sales fell ...

Oil Prices Slide on Lower OPEC Expectations

TODAY: May 4, 2016 PUB DATE: March 10, 2016

By Nicole Friedman NEW YORK--Oil prices fell Thursday as expectations ebbed that major producers would agree on an output freeze. Prices have climbed in recent weeks on signs that large producing nations, including members of the Organization of the Petroleum ...

Gold Surges to One-Year High After European Stimulus

TODAY: May 4, 2016 PUB DATE: March 10, 2016

By Mike Cherney Gold futures surged to a new one-year high on Thursday, reflecting bets that new stimulus measures announced in Europe would have some success fighting low inflation. Gold futures, typically viewed as a hedge against inflation, rose 1.2% ...

New Zealand's February Food Price Index Falls 0.6%

TODAY: May 4, 2016 PUB DATE: March 10, 2016

By Kate Geenty WELLINGTON, New Zealand--New Zealand's food-price index fell 0.6% in February from the previous month, driven down by lower fruit and vegetable prices, government data showed Friday. Fruit and vegetable prices fell 2.6% from January, led by lower ...

U.S. Raises Competition Concerns About Railway's Proposed Voting Trust

TODAY: May 4, 2016 PUB DATE: March 10, 2016

WASHINGTON?The U.S. Justice Department's top antitrust official on Wednesday raised competition concerns about a proposed voting-trust structure that would involve two rail giants if they merged, saying it could allow the companies to accomplish much of the tie up before ...

China's February Inflation Bump Not Expected to Last

TODAY: May 4, 2016 PUB DATE: March 10, 2016

BEIJING?Consumer inflation in China speeded up in February on buying sprees around the Lunar New Year holiday, but the upward price pressure isn't expected to last, given overcapacity and weak demand. China's consumer-price index in February was up 2.3% from ...