Yellen Confronts Lawmakers on House Fed Bill

TODAY: Oct. 21, 2014 PUB DATE: July 16, 2014

By Pedro Nicolaci da Costa and Ben Leubsdorf Federal Reserve Chairwoman Janet Yellen pushed back strongly against Republican lawmakers' efforts Wednesday to force the central bank to adopt a formal policy rule and report back to Congress on any deviations. ...

Imperial Tobacco Group PLC Acquisition -3-

TODAY: Oct. 21, 2014 PUB DATE: July 15, 2014

Credit Suisse Securities (Europe) Limited ("Credit Suisse"), which is authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and the Financial Conduct Authority in the United Kingdom, is acting exclusively as sole sponsor and joint financial ...

Broad Majority of Pro-EU Lawmakers Elect Juncker to Head Commission

TODAY: Oct. 21, 2014 PUB DATE: July 15, 2014

By Gabriele Steinhauser A broad majority of pro-European Union lawmakers Tuesday elected former Luxembourg Prime Minister Jean-Claude Juncker to head the bloc's executive arm for the next five years, after making a series of pledges that included a five-year freeze ...

Thirty-Year Mortgage Rate Edges Up in Latest Week -- Zillow

TODAY: Oct. 21, 2014 PUB DATE: July 15, 2014

By Tess Stynes Real-estate website Zillow Inc. (Z) said its real-time rate on 30-year fixed-rate mortgages edged up in the latest week. The 30-year fixed-mortgage rate on Zillow's Mortgage Marketplace, which tracks mortgages on the company's website, increased to 4.05% ...

Some in Kansas GOP Break With Gov. Brownback, Endorse Democratic Opponent

TODAY: Oct. 21, 2014 PUB DATE: July 15, 2014

By Mark Peters More than 100 Republican former officeholders and elected officials endorsed the Democratic opponent of Kansas Gov. Sam Brownback Tuesday, the latest sign of re-election troubles for one of the nation's most conservative governors. Two former lieutenant governors, ...

Dollar Rises After Fed Chief's Comments

TODAY: Oct. 21, 2014 PUB DATE: July 15, 2014

By James Ramage The dollar gained on Tuesday after Federal Reserve Chairwoman Janet Yellen said interest rates should remain low for the foreseeable future, but could rise sooner than expected if economic data continue to improve. The dollar rose 0.2% ...

U.S. Import Prices Rise 0.1% in June

TODAY: Oct. 21, 2014 PUB DATE: July 15, 2014

WASHINGTON-Prices for goods imported to the U.S. inched higher in June, indicating still-modest inflationary pressures across the U.S. economy. U.S. import prices increased 0.1% from the prior month, the Labor Department said Tuesday. That was less than the 0.4% gain ...

Industrial Production Seen Up 0.3% -- Data Week Ahead

TODAY: Oct. 21, 2014 PUB DATE: July 15, 2014

The following are forecasts for this week's remaining data from a survey compiled Friday and Monday. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS (ET) Wednesday 0830 Producer Price Index Jun +0.3% (28) -0.2% -ex food & energy Jun +0.2% (26) -0.1% ...

Typhoon Rammasun's Economic Impact Seen as Small

TODAY: Oct. 21, 2014 PUB DATE: July 15, 2014

By Trefor Moss Typhoon Rammasun's economic punch is expected to be felt mainly in the agriculturally rich Bicol region of the Philippines, around 415 kilometers southeast Manila. The typhoon is expected to hit land--most likely in Bicol's Albay province--early Tuesday ...

FSB Releases Paper on Currencies Benchmarks

TODAY: Oct. 21, 2014 PUB DATE: July 15, 2014

The Financial Stability Board released a consultation paper Tuesday to flesh out possible ways in which currencies benchmarks might be altered in the wake of global investigations into their integrity, with the focus falling largely on the behavior of traders. ...

China FDI Barely Grows as Economy Slows

TODAY: Oct. 21, 2014 PUB DATE: July 15, 2014

BEIJING -- The amount of new foreign direct investment that China attracted in June barely increased over its year-earlier figure as overseas companies battled higher operating costs and slowing economic growth. On Wednesday, China is due to release its closely ...

CURRENCIES: Dollar Steady Against Yen As BOJ Stands Pat On Policy

TODAY: Oct. 21, 2014 PUB DATE: July 15, 2014

By Alexander Martin The dollar remained steady against the yen during Asian trading Tuesday after the Bank of Japan stood pat on policy following its two-day meeting. Market participants will now be focusing on BOJ Gov. Haruhiko Kuroda's news conference ...

Yellen Says No Formula for Timing Rate Hikes

TODAY: Oct. 21, 2014 PUB DATE: July 15, 2014

By Ben Leubsdorf and Pedro Nicolaci da Costa WASHINGTON--Federal Reserve Chairwoman Janet Yellen was noncommittal Tuesday on the likely timing of a first interest rate hike. "There is no mechanical formula," she told lawmakers in the Senate Banking Committee. Most ...

Imperial Tobacco Group PLC Acquisition -2-

TODAY: Oct. 21, 2014 PUB DATE: July 15, 2014

The US market accounts for a significant proportion of the world profit pool, accounting for an estimated 25% of world tobacco profits (ex-China). Estimated(3) total profits of the tobacco industry in the US were in excess of $14bn in the ...

NY Fed Manufacturing Index Jumps to 25.60 in July

TODAY: Oct. 21, 2014 PUB DATE: July 15, 2014

By Kathleen Madigan New York manufacturing conditions are the best in more than four years, according to data released Tuesday. The Empire State's business conditions index increased for the third consectuive month, rising to 25.60 in July from 19.28 in ...

U.S. Retail Sales Ease in First Week of July From June -- Redbook

TODAY: Oct. 21, 2014 PUB DATE: July 15, 2014

By Tess Stynes National chain-store sales edged down 0.1% during the first week of July from the comparable period in June, according to Redbook Research's latest indicator, released Tuesday. The index's decrease compared with a target for a decline of ...

MARKET SNAPSHOT: U.S. Stocks Open Higher; J.P. Morgan Rallies

TODAY: Oct. 21, 2014 PUB DATE: July 15, 2014

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- The Dow Jones Industrial Average pushed into record territory early Tuesday, lifted by better-than-expected results from J.P. Morgan Chase & Co. and Goldman Sachs Group Inc. The S&P; 500 ...

Yellen Says Recovery Not Yet Complete

TODAY: Oct. 21, 2014 PUB DATE: July 15, 2014

Federal Reserve Chairwoman Janet Yellen signaled continued low interest rates in her semiannual report to Congress on Tuesday, noting that the U.S. economic recovery is "not yet complete" and too many Americans remain unemployed. "A high degree of monetary policy ...