Patent Clearinghouse RPX to Buy Inventus

TODAY: Feb. 14, 2016 PUB DATE: Dec. 16, 2015

Patent clearinghouse RPX Corp., which helps companies mitigate patent risks through strategies like "defensive buying" and litigation insurance, has agreed to buy discovery management company Inventus Solutions Inc. for $232 million. Private-equity firm Clearlake Capital Group LP led the 2013 ...

Stocks Rise Ahead of Fed Rate Decision -- 2nd Update

TODAY: Feb. 14, 2016 PUB DATE: Dec. 16, 2015

By Riva Gold Global stocks extended gains Wednesday ahead of the U.S. Federal Reserve's likely decision to raise short-term borrowing costs for the first time in nearly a decade. Futures markets pointed to a 0.4% opening gain for the S&P; ...

Paris Attacks Slow Eurozone Growth

TODAY: Feb. 14, 2016 PUB DATE: Dec. 16, 2015

The eurozone economy slowed slightly in December, pegged back by the terror attacks on Paris which took their toll on activity in France's services sector, according to surveys of purchasing managers released Wednesday. However, activity among eurozone manufacturers picked up, ...

India to Raise Excise Tax on Diesel, Gasoline

TODAY: Feb. 14, 2016 PUB DATE: Dec. 16, 2015

By Rajesh Roy and Saurabh Chaturvedi NEW DELHI--India's federal government will raise the excise tax on diesel and gasoline from Thursday to take advantage of falling global oil prices. The government will raise the excise tax, also known as factory-gate ...

Brazil October Retail Sales Up 0.6% on Month; Down 5.6% on Year

TODAY: Feb. 14, 2016 PUB DATE: Dec. 16, 2015

By Rogerio Jelmayer SAO PAULO--Brazilian retail sales increased slightly in October versus September, but not at a swift-enough pace to prompt a recovery on an annual basis, as the country's economic recession deepens. Retail sales increased 0.6% in October versus ...

S&P 500, Nasdaq Futures, Dec. 16 -- Technical Analysis

TODAY: Feb. 14, 2016 PUB DATE: Dec. 16, 2015

Chicago Mercantile Exchange December S&P; 500 Futures 2114.20 -- lifetime high 2110.00 -- previous month's high 2068.56 -- 18-day moving average 2053.00 -- previous day's high 2050.00 -- nine-day moving average 2045.60 -- previous day's close 2040.47 -- second pivot-point ...

Ukraine Leaders Pledge Unity, Overhauls for IMF Loans

TODAY: Feb. 14, 2016 PUB DATE: Dec. 16, 2015

By Laura Mills and James Marson KIEV--Ukraine's leaders pledged to put aside their differences and take measures to unlock loans from the International Monetary Fund, after weeks of squabbling strained the pro-Western coalition and delayed the latest bailout tranche. The ...

Big Spending Bill Omits Many Gifts For Wall Street

TODAY: Feb. 14, 2016 PUB DATE: Dec. 16, 2015

By Ryan Tracy Financial firms didn't get many of the early Christmas gifts they were hoping for from Congress. A last-minute budget deal released early Wednesday didn't include many of the legislative provisions that banks, insurance firms, and asset managers ...

U.S. Comptroller's Office Flags Credit, Interest-Rate Risk in Report

TODAY: Feb. 14, 2016 PUB DATE: Dec. 16, 2015

By Ryan Tracy WASHINGTON--A U.S. banking regulator warned about growing credit risk in bank lending portfolios and the growth of loans to nonbank institutions, adding to the regulatory drumbeat pushing banks to think twice before continuing to ease underwriting standards ...

Oil Prices Fall on U.S. Inventory Data

TODAY: Feb. 14, 2016 PUB DATE: Dec. 16, 2015

By Nicole Friedman NEW YORK--The price difference between U.S. oil and the global benchmark narrowed Wednesday to the smallest level in months after Congress agreed to lift the ban on most U.S. crude exports. Both benchmarks traded lower on an ...

Canadian Pacific Railway Boosts Offer for Norfolk Southern -- Update

TODAY: Feb. 14, 2016 PUB DATE: Dec. 16, 2015

By Jacquie McNish And Carolyn King Canadian Pacific Railway Ltd. on Wednesday boosted its hostile proposal for Norfolk Southern Corp., adding to the existing cash-and-stock mix a contingent-value right that it said would provide up to $3.4 billion in additional ...

Fitch Downgrades Brazil to Junk, With Negative Outlook

TODAY: Feb. 14, 2016 PUB DATE: Dec. 16, 2015

By Jeffrey T. Lewis SÃO PAULO--Fitch Ratings cut Brazil's sovereign credit rating for the second time this year, citing the country's ballooning budget deficit, political turmoil and a deeper-than-expected recession, and leaving the country's debt with junk status and dealing ...

U.S. Industrial Production Down 0.6% in November

TODAY: Feb. 14, 2016 PUB DATE: Dec. 16, 2015

By Jeffrey Sparshott and Kate Davidson WASHINGTON--U.S. industrial production declined for the third straight month in November, a reflection of low oil prices, softening demand for many long-lasting manufactured goods and warm weather's effect on utility use. Industrial production, a ...

CFTC Adopts Scaled-Back Rule on Bank Safety

TODAY: Feb. 14, 2016 PUB DATE: Dec. 16, 2015

WASHINGTON?A divided Commodity Futures Trading Commission delivered a year-end victory for Wall Street, easing up on requirements that bank units set aside cash as a cushion against the risk of certain swaps trades going bad. The move came as the ...

Democratic Lawmakers Split on Major Tax-Cut Deal

TODAY: Feb. 14, 2016 PUB DATE: Dec. 16, 2015

By Richard Rubin WASHINGTON--The top Democrat in the House of Representatives called this week's major tax-cut deal "practically an immorality," but the top Democratic tax writer in the Senate called it a victory for millions of working families and college ...

Standoff Over Shire's Pursuit of Baxalta Nears an End

TODAY: Feb. 14, 2016 PUB DATE: Dec. 16, 2015

LONDON?After a nearly six-month stalemate, Shire PLC is entering the endgame in its pursuit of Baxalta Inc. The company expects to either strike a deal with Baxalta or walk away "reasonably soon," according to a person close to the deal, ...