U.S. Consumer Confidence Jumps in January

TODAY: April 1, 2015 PUB DATE: Jan. 27, 2015

U.S. consumers turned exceedingly upbeat about the economy at the start of 2015, according to a report released Tuesday. The Conference Board, a private research group, said its index of consumer confidence jumped to 102.9 in January from a revised ...

U.S. Durable Goods Orders Fall Sharply

TODAY: April 1, 2015 PUB DATE: Jan. 27, 2015

WASHINGTON--Orders for long-lasting manufactured goods fell sharply in December. Orders for durable goods--products like refrigerators and cars designed to last at least three years--fell a seasonally adjusted 3.4% in December from November, the Commerce Department said Tuesday. Excluding the volatile ...

RBC Leads Canadian Banks in Trimming Prime Rate -- Update

TODAY: April 1, 2015 PUB DATE: Jan. 27, 2015

By Rita Trichur TORONTO--Royal Bank of Canada became the first major Canadian lender to trim its prime lending rate in response to last week's surprise interest-rate cut from the Bank of Canada. Canada's second-largest bank by assets said it would ...

FTC Clears Safeway-Albertsons Merger -- Update

TODAY: April 1, 2015 PUB DATE: Jan. 27, 2015

By Brent Kendall WASHINGTON--WASHINGTON The U.S. Federal Trade Commission on Tuesday cleared the merger of supermarket operators Safeway Inc. and Albertsons after the companies agreed to sell 168 stores to address the commission's competition concerns. The merger, announced in March, ...

FTC Clears Safeway-Albertsons Merger

TODAY: April 1, 2015 PUB DATE: Jan. 27, 2015

By Brent Kendall WASHINGTON--The U.S. Federal Trade Commission on Tuesday cleared the merger of supermarket operators Safeway Inc. and Albertsons after the companies agreed to sell 168 stores to address the commission's competition concerns. The merger, announced in March, was ...

Oil Futures Trade in Narrow Range

TODAY: April 1, 2015 PUB DATE: Jan. 27, 2015

Crude-oil futures were mostly stable in Asian trade Tuesday, after posting losses in the previous trading session. On the New York Mercantile Exchange, light, sweet crude futures for delivery in March traded at $45.27 a barrel at 0435 GMT, up ...

Japan's Amari Says BOJ Needs More Time to Hit Inflation Goal

TODAY: April 1, 2015 PUB DATE: Jan. 27, 2015

TOKYO--Japan's economy minister Akira Amari said Tuesday that it will take more than two years for the Bank of Japan to achieve its 2% inflation target, given big falls in oil prices that will affect overall consumer prices. Speaking at ...

Correction to U.S. Crude Tests New Lows Story Monday

TODAY: April 1, 2015 PUB DATE: Jan. 27, 2015

The Federal Reserve is scheduled to release its latest policy meeting statement this week. "U.S. Crude Tests New Lows as Greek Elections Weaken Euro" published at 0608 GMT Monday incorrectly said the Fed would release its latest meeting minutes this ...

European Stocks Slip Back From Highs--Update

TODAY: April 1, 2015 PUB DATE: Jan. 27, 2015

By Tommy Stubbington Nervousness about a potential showdown between Greece's new government and its international creditors continued to grip Greek financial markets on Tuesday, with stocks and bonds extending their postelection losses. But more broadly, investors remained largely unperturbed by ...

European Stocks Slip Back From Highs--2nd Update

TODAY: April 1, 2015 PUB DATE: Jan. 27, 2015

By Tommy Stubbington Nervousness about a potential showdown between Greece's new government and its international creditors continued to grip Greek financial markets on Tuesday, with stocks and bonds extending their postelection losses. Broader European stock markets slipped back from seven-year ...

Oil Prices Whipsaw After OPEC Comment

TODAY: April 1, 2015 PUB DATE: Jan. 27, 2015

By Georgi Kantchev LONDON--Oil prices whipsawed between gains and losses on Tuesday as market participants weighed relatively bullish comments by the head of OPEC against weak fundamentals showing little evidence of improving. In recent weeks, oil markets appeared to be ...

Durable Goods Orders Fall Sharply -- Update

TODAY: April 1, 2015 PUB DATE: Jan. 27, 2015

By Josh Mitchell And Jeffrey Sparshott WASHINGTON--Demand for big-ticket manufactured goods tumbled last month, a sign U.S. businesses remain cautious about spending despite the economy's recent momentum. Orders for durable goods--products like kitchen appliances and cars designed to last at ...

Bailout Deal Critic Says He Will Be Greek Finance Minister

TODAY: April 1, 2015 PUB DATE: Jan. 27, 2015

ATHENS--An economist and outspoken critic of Greece's EUR240 billion rescue package said Tuesday that he will head the country's finance ministry. Yanis Varoufakis, 53, made the comment indirectly in a blog post shortly before Greek Prime Minister Alexis Tsipras was ...

U.S. New-Home Sales Rise Sharply in December

TODAY: April 1, 2015 PUB DATE: Jan. 27, 2015

By Jeffrey Sparshott and Josh Mitchell WASHINGTON-U.S. new-home sales rose sharply in December. Sales of newly built, single-family homes increased 11.6% from a month earlier to a seasonally adjusted annual rate of 481,000, the Commerce Department said Tuesday. Economists surveyed ...

Graying America, Health-Care Overhaul Boosts Medical Properties

TODAY: April 1, 2015 PUB DATE: Jan. 27, 2015

By Peter Grant And Robbie Whelan Investors are pouring money into buying and developing senior housing, medical-office buildings and other health-care-related properties, a class of commercial real estate that has been outperforming almost all others since the recession. The country's ...

3M Profit Rises Despite Economic Turbulence -- Update

TODAY: April 1, 2015 PUB DATE: Jan. 27, 2015

By James R. Hagerty 3M Co. reinforced its reputation as a steady performer in turbulent times by posting a 6.9% increase in profit for the fourth quarter and promising further growth in 2015. The decline of the euro, yen and ...

Dollar Falls Ahead of Fed Meeting

TODAY: April 1, 2015 PUB DATE: Jan. 27, 2015

By James Ramage The dollar fell against the euro and the yen on Tuesday after investors grew cautious ahead of a meeting of the Federal Reserve's policy-setting committee and U.S. economic growth data. The dollar fell to 117.95 yen in ...

VMware Profit Falls Slightly Despite Higher Revenue

TODAY: April 1, 2015 PUB DATE: Jan. 27, 2015

By Maria Armental VMware Inc.'s fourth-quarter profit fell slightly, offsetting a double-digit revenue increase, as the computer-server software pioneer reported higher costs associated with its stock-compensation program. The fourth quarter is historically the company's strongest quarter. The Silicon Valley company--a ...