AbbVie Launches Large Debt Sale for Pharmacyclics Deal

TODAY: July 7, 2015 PUB DATE: May 5, 2015

By Mike Cherney Pharmaceutical company AbbVie Inc. is selling $16.7 billion in new bonds on Tuesday, becoming the latest company to tap the bond market in a big way to help finance an acquisition. The sale from the North Chicago, ...

Brazil Auto Sales Fall Sharply in April

TODAY: July 7, 2015 PUB DATE: May 5, 2015

By Rogerio Jelmayer SÃO PAULO--New-vehicle sales in Brazil fell sharply in April, as the country's struggling economy continued to hurt consumer confidence, forcing the national auto dealership association to reduce its sales forecast for this year. Sales of cars and ...

U.S. Oil Prices Rise Above $60 a Barrel

TODAY: July 7, 2015 PUB DATE: May 5, 2015

By Nicole Friedman U.S. oil prices surged above $60 a barrel Tuesday for the first time since December as geopolitical events rattled the market. Prices gained on news that protesters in Libya had blocked a key port, interrupting more than ...

Dollar Weakens as Signs of U.S. Growth Decline

TODAY: July 7, 2015 PUB DATE: May 5, 2015

By James Ramage The dollar fell against the Japanese yen and the euro Tuesday after trade data indicated a larger drag on U.S. growth than initially estimated, raising the likelihood the Federal Reserve won't raise borrowing costs soon. The dollar ...

Indian Court Admits Aberdeen Fund's Petition Challenging Tax Claim

TODAY: July 7, 2015 PUB DATE: May 5, 2015

By Shefali Anand MUMBAI--A legal battle between foreign investors and Indian tax authorities over a tax moved forward Tuesday as an Indian court admitted a petition by a fund of U.K. money-manager Aberdeen Asset Management that has challenged the tax ...

Brazilian Economy Struggles to Take Off

TODAY: July 7, 2015 PUB DATE: May 5, 2015

By Loretta Chao And Rogerio Jelmayer SAO PAULO, Brazil--With Brazil dogged by drought, a sluggish economy and a corruption scandal at its most important company, businesses in Latin America's largest economy have little to be optimistic about. Economists expect Brazil's ...

Shift at McDonald's: Company Moves Toward More Franchising-- 3rd Update

TODAY: July 7, 2015 PUB DATE: May 5, 2015

By Annie Gasparro The new chief executive at McDonald's Corp. plans to sell more restaurants to franchisees and restructure international operations to cut $300 million in annual costs and create a more nimble business. Steve Easterbrook, in a much-anticipated presentation ...

Deutsche Bank Waiver Feeds Controversy at SEC

TODAY: July 7, 2015 PUB DATE: May 5, 2015

By Aruna Viswanatha WASHINGTON--The Securities and Exchange Commission is allowing Deutsche Bank AG to continue selling stocks and bonds after the bank pleaded guilty to manipulating interest rates, feeding a controversy over the waivers that has divided the agency. The ...

Malaysia March Exports Likely Contracted 3% on Year: Poll

TODAY: July 7, 2015 PUB DATE: May 5, 2015

By Saurabh Chaturvedi KUALA LUMPUR--Malaysia's March exports likely contracted further as plunging commodity prices including that of crude oil, natural gas and palm oil continued to weigh. Exports likely shrank 3% in March from a year earlier, according to the ...

Spanish Jobless Numbers Fall

TODAY: July 7, 2015 PUB DATE: May 5, 2015

MADRID--Spain's government said Tuesday the number of people seeking jobless benefits fell last month as the country's economic recovery strengthened. The labor ministry said that jobless claims fell in April by 118,923 to 4.33 million. Seasonally adjusted claims fell by ...

UBS Profit Rises

TODAY: July 7, 2015 PUB DATE: May 5, 2015

By John Letzing ZURICH-- UBS AG said Tuesday that first-quarter net profit rose to 1.98 billion Swiss francs ($2.14 billion) from 1.05 billion francs reported in the same period last year. Analysts had expected Zurich-based UBS to report a net ...

Oil Prices Rise Ahead of Inventory Data

TODAY: July 7, 2015 PUB DATE: May 5, 2015

By Georgi Kantchev LONDON--Oil prices rose Tuesday ahead of the latest U.S. oil inventory data, but some analysts cautioned the recent rally might prove unsustainable. Brent crude, the global oil benchmark, rose 0.5% to $66.75 a barrel on London's ICE ...

EU Sees Netherlands Economic Recovery Continuing in 2015

TODAY: July 7, 2015 PUB DATE: May 5, 2015

By Archie van Riemsdijk AMSTERDAM--The European Union on Tuesday said the economic recovery in the Netherlands will continue in 2015, as the depreciation of the euro, improved consumer spending and construction activity will keep driving the Dutch economy. The European ...

Eurozone Producer Prices Pick Up

TODAY: July 7, 2015 PUB DATE: May 5, 2015

Prices at eurozone factory gates increased for the second consecutive month in March, albeit by slightly less than forecast, a sign that consumers may soon have to pay more for the goods and services they buy. The European Union's statistics ...

EU Raises Poland's 2015 Growth Forecast to 3.3%

TODAY: July 7, 2015 PUB DATE: May 5, 2015

By Patryk Wasilewski WARSAW--Poland's economy will grow slightly faster than previously expected as an economic revival pushes its public finance deficits lower, the European Commission said Tuesday. The largest emerging economy in Europe will grow 3.3% this year, the Commission ...

European Stocks Fall Amid Continuing Greek Uncertainty

TODAY: July 7, 2015 PUB DATE: May 5, 2015

By Josie Cox and Tommy Stubbington European stocks and bonds fell sharply Tuesday amid continuing uncertainty over Greece's future, as last week's abrupt shakeout in markets showed no sign of slowing. The Stoxx Europe 600 closed 1.5% lower. Greece's Athex ...

Mexican Growth Estimates Fall in April Central Bank Survey

TODAY: July 7, 2015 PUB DATE: May 5, 2015

By Anthony Harrup MEXICO CITY--Private economists surveyed in April by the Bank of Mexico lowered their estimates for economic growth this year, ratcheting down expectations in the wake of a weak first-quarter for the U.S. economy. GDP is expected to ...