Greek PM Accepts Invitation to Moscow

TODAY: May 30, 2015 PUB DATE: March 17, 2015

By Alkman Granitsas ATHENS-Greek Prime Minister Alexis Tsipras will visit Moscow early next month following an invitation from Russian President Vladimir Putin, a Greek government official said Tuesday. The visit is scheduled for April 8, the official said, and would ...

U.K. Adds Craft Beer and Music Streaming to Inflation Basket

TODAY: May 30, 2015 PUB DATE: March 17, 2015

By Jason Douglas Fancy beer, protein shakes and the fees charged for streaming music online have been added to the basket of goods and services used to calculate inflation in the U.K. The U.K.'s Office for National Statistics routinely overhauls ...

EU Extends Probe into GE's Acquisition of Alstom

TODAY: May 30, 2015 PUB DATE: March 17, 2015

By Tom Fairless BRUSSELS--European Union authorities have extended by a month their investigation into General Electric Co.'s $17 billion acquisition of France-based Alstom SA's energy businesses, amid a disagreement over the geographical scope of the large-gas-turbine market. The delay highlights ...

U.S. Housing Starts Drop 17%

TODAY: May 30, 2015 PUB DATE: March 17, 2015

WASHINGTON--Builders pulled back on new-home construction in February, a sign of uneven demand in the housing market amid harsh winter weather. U.S. housing starts plunged 17% from a month earlier to a seasonally adjusted annual rate of 897,000 in February, ...

EU's Tusk in Talks on Greece Meeting

TODAY: May 30, 2015 PUB DATE: March 17, 2015

BRUSSELS--Donald Tusk, who presides over summits of European Union leaders, is in contact with Greek Prime Minister Alexis Tsipras and other EU leaders on organizing a meeting to discuss Greece on Thursday, a spokesman said Tuesday. The meeting, if confirmed, ...

Canada January Factory Shipments Fall 1.7%

TODAY: May 30, 2015 PUB DATE: March 17, 2015

By Paul Vieira OTTAWA--Canadian factory shipments fell in January, nearly reversing the previous month's advance, as the level of sales for petroleum and coal products plunged to its lowest level in nearly six years. Factory sales in Canada declined 1.7% ...

Macerich Rejects Bid from Rival Mall Owner Simon Property--3rd Update

TODAY: May 30, 2015 PUB DATE: March 17, 2015

By Tess Stynes Macerich Co. rejected the takeover proposal from Simon Property Group Inc., saying the unsolicited $16 billion bid substantially undervalues the company. In addition, Macerich's board approved two governance changes aimed at making it harder for it to ...

Euro Continues to Creep Higher Against Dollar -- 3rd Update

TODAY: May 30, 2015 PUB DATE: March 17, 2015

By Josie Cox The euro crept higher against the dollar Tuesday and European stocks slipped, ahead of the U.S. Federal Reserve's March policy announcement Wednesday, which is expected to shed light on the timing of a rise in U.S. interest ...

U.S. ECONOMIC INDICATORS: Housing Data, Latest 6 Months

TODAY: May 30, 2015 PUB DATE: March 17, 2015

Data seasonally adjusted except actual, which is not seasonaly adjusted. Median and average prices for existing and single family homes in dollars. Housing construction and homes sold in 1,000 units. R = revised. (*) data reflect the increase in the ...

Aviva Gets Regulatory Approval for Friends Life Acquisition

TODAY: May 30, 2015 PUB DATE: March 17, 2015

LONDON--Insurer Aviva PLC (AV.LN) said Tuesday that its acquisition of Friends Life Group Ltd. (FLG.LN) has been approved by U.K.'s Prudential Regulation Authority and Financial Conduct Authority. Write to Tapan Panchal at tapan.panchal@wsj.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires (END) Dow Jones ...

Economic Data Complicate Fed Rate Deliberations

TODAY: May 30, 2015 PUB DATE: March 17, 2015

By Josh Zumbrun Federal Reserve Chairwoman Janet Yellen has pointed to an improving labor market and resurgent consumers, while patiently laying the groundwork for raising interest rates later this year. But a funny thing has happened on the way to ...

California's Housing Costs Hurt Economy, Increase Poverty, Report Finds

TODAY: May 30, 2015 PUB DATE: March 17, 2015

By Alejandro Lazo California's high housing costs are crimping economic productivity, increasing poverty rates, lowering homeownership, increasing crowding and lengthening commute times, a new state report says. California has some of the most expensive housing markets in the U.S.--a result ...

Ocwen Sells $45 Million of Mortgage-Servicing Rights to J.P. Morgan

TODAY: May 30, 2015 PUB DATE: March 17, 2015

By James Sterngold Ocwen Financial Corp. agreed to sell $45 billion of mortgage-servicing rights to J.P. Morgan Chase & Co., following through on previous statements that it planned to shrink the business, people with knowledge of the transaction said. No ...

EU New Car Registrations Rise in February--Update

TODAY: May 30, 2015 PUB DATE: March 17, 2015

By Neetha Mahadevan New car registrations in the European Union continued to recover in February after a strong start to the year, thanks to significant rebounds in countries that were hit hard by the economic crisis. With economic growth across ...

U.S. Oil Prices Under Pressure After Hitting Six-Year Low

TODAY: May 30, 2015 PUB DATE: March 17, 2015

By Eric Yep U.S. oil prices were marginally lower in Asian trade Tuesday after sinking to a six-year low overnight on worries about a supply glut, while Brent crude prices remained volatile. On the New York Mercantile Exchange, light, sweet ...

Euro Continues to Creep Higher Against Dollar

TODAY: May 30, 2015 PUB DATE: March 17, 2015

The euro continued to creep higher against the U.S. dollar on Tuesday, ahead of the U.S. Federal Reserve's March policy announcement later in the week, which is expected to shed light on the timing of a rise in interest rates ...

Nintendo Opens Door to Smartphone Games

TODAY: May 30, 2015 PUB DATE: March 17, 2015

By Eric Pfanner TOKYO-- Nintendo Co. said Tuesday that it had agreed to a broad alliance with DeNA Co., a Japanese mobile video game provider, under which the companies will take stakes in each other and jointly develop "gaming applications" ...

Singapore Airlines in Talks With Jeju Air for Potential Stake

TODAY: May 30, 2015 PUB DATE: March 17, 2015

SINGAPORE--Singapore Airlines (C6L.SG) said Tuesday it is in talks with Jeju Air to buy a stake in the South Korean budget carrier. "These discussions may not result in a transaction," Singapore Airlines said in a statement. Established in 2005, Jeju ...