Zions Announces Corporate Restructuring

TODAY: July 31, 2015 PUB DATE: June 1, 2015

Zions Bancorp is consolidating its bank charter structure and creating a new position to oversee retail banking, wealth management and residential mortgage lending as part of a restructuring move aimed at increasing profitability, the bank said Monday. Under the proposal, ...

China factory activity shows mixed readings in May

TODAY: July 31, 2015 PUB DATE: June 1, 2015

BEIJING?China's manufacturing sector presented a mixed picture in May, as an official gauge of factory activity recorded modest gains while a private index pointed to continuing sluggishness. Analysts said that the conflicting results meant that Beijing probably would roll out ...

Swiss Manufacturing Output Improves in May

TODAY: July 31, 2015 PUB DATE: June 1, 2015

By Neil MacLucas ZURICH--Switzerland's manufacturing output rose in May suggesting companies are coping with the stronger franc and the country may avoid an economic recession. The Swiss Purchasing Managers' Index rose 1.5 points to a seasonally-adjusted 49.4 points from 47.9 ...

European Shares Bounce Back

TODAY: July 31, 2015 PUB DATE: June 1, 2015

European stocks bounced back Monday from the previous week's selloff, with investors keeping a wary eye on negotiations between Greece and its creditors. In early trade the Stoxx Europe 600 rose 0.8%, after falling 1.6% last week. The euro was ...

Australian Home Building Approvals Fall

TODAY: July 31, 2015 PUB DATE: June 1, 2015

By Vera Sprothen SYDNEY--The number of Australian home-building permits issued fell in April from March, government figures Monday showed. Approvals to build or renovate houses and apartments declined by 4.4%, the Australian Bureau of Statistics said. In March, approvals rose ...

China Official Nonmanufacturing PMI Edges Down to 53.2 in May

TODAY: July 31, 2015 PUB DATE: June 1, 2015

BEIJING--China's official nonmanufacturing Purchasing Managers' Index, a gauge of activity outside factory floors, fell slightly to 53.2 in May from 53.4 in April, the China Federation of Logistics and Purchasing said Monday. A reading above 50 indicates expansion, while a ...

EDF Seeks 2.5% Increase on Electricity Retail Prices-Report

TODAY: July 31, 2015 PUB DATE: June 1, 2015

French state-controlled power utility Electricite de France SA (EDF.FR) will ask the government to authorize a 2.5% increase in regulated electricity retail prices in 2015, Les Echos newspaper said Monday, citing unidentified sources. The government is likely to approve the ...

Intel Agrees to Buy Altera

TODAY: July 31, 2015 PUB DATE: June 1, 2015

Intel Corp. agreed to buy Altera Corp. for roughly $16.7 billion in cash, a long-discussed deal seen helping Intel defend a crucial business. Altera stockholders would receive about $54 a share, around the price the company rejected in April during ...

MARKET SNAPSHOT: U.S. Stock Futures Gain After Consumer Data

TODAY: July 31, 2015 PUB DATE: June 1, 2015

By Barbara Kollmeyer, MarketWatch Consumer spending flat in April U.S. stock futures climbed on Monday pointing to a positive open on Wall Street as investors assessed data on consumer spending and await a report on manufacturing. Americans continued to save ...

Germany: Greece Must Agree to Far-Reaching Reforms With Creditors

TODAY: July 31, 2015 PUB DATE: June 1, 2015

By Andrea Thomas BERLIN--Germany insists that Greece agrees to a "far-reaching reform package" with its foreign lenders, Chancellor Angela Merkel's spokesman, Steffen Seibert, told reporters on Monday. Signaling a tough stance in debt talks between the left-wing Greek government and ...

Wm Morrison Set to Lose Place in FTSE100 Index; Inmarsat to Join

TODAY: July 31, 2015 PUB DATE: June 1, 2015

By Ian Walker LONDON--Wm. Morrison Supermarkets PLC (MRW.LN), the fourth largest U.K. grocer by market share, is expected to lose its place in the FTSE100 index later this month after more than 14 years, when the latest quarterly reshuffle is ...

Economists Cut Brazil's Economic Outlook for This Year - Survey

TODAY: July 31, 2015 PUB DATE: June 1, 2015

By Rogerio Jelmayer SAO PAULO--Economists cut once again their forecasts for Brazil's economic performance this year, however, even a poor economic performance won't prevent inflationary pressures. According to a weekly central-bank survey of 100 economists, Brazil's gross domestic product is ...

ISM: U.S. Manufacturing Continues to Expand--3rd Update

TODAY: July 31, 2015 PUB DATE: June 1, 2015

By Kathleen Madigan The U.S. manufacturing expansion continued to roll along in May, a welcome sign of strength after a first-quarter retreat in growth. And in a positive sign for Friday's employment report, the Institute for Supply Management's monthly survey ...

Sina CEO to Buy $456 Million in Shares

TODAY: July 31, 2015 PUB DATE: June 1, 2015

Chinese social-media company Sina Corp. said Monday that Chief Executive Charles Chao has agreed to buy $456 million in newly issued shares. Mr. Chao will buy 11 million shares, adding to the 191,000 he held at the end of the ...