Lockheed Martin Open to Deals, Mum on Sikorsky -- Update

TODAY: Aug. 2, 2015 PUB DATE: May 27, 2015

By Doug Cameron The head of Lockheed Martin Corp. on Wednesday declined to comment on whether the company was interested in buying all or part of Sikorsky Aircraft Corp., but said the company had the financial capacity for large deals. ...

Oil Prices Fall, Taking Cues From Dollar

TODAY: Aug. 2, 2015 PUB DATE: May 27, 2015

By Timothy Puko and Georgi Kantchev Oil prices fell Wednesday as losses continue to mount from trading connected to a strong dollar. Light, sweet crude for July delivery settled down 52 cents, or 0.9%, to $57.51 a barrel on the ...

Dollar Extends Gains, Hits Nearly Eight-Year High Against Yen

TODAY: Aug. 2, 2015 PUB DATE: May 27, 2015

By James Ramage The dollar rallied into a fourth session on Wednesday, as investors added to their bets that the U.S. recovery would push forward the timeline for higher borrowing costs. Leading the charge, the dollar reached a nearly eight-year ...

Charter Deal With TWC More Likely to Get Approval Than Comcast

TODAY: Aug. 2, 2015 PUB DATE: May 26, 2015

By Gautham Nagesh And Joe Flint A Charter Communications Inc. merger with Time Warner Cable Inc. stands a better shot at regulatory approval than Comcast's ill-fated attempt to purchase the cable giant last year, according to cable-industry analysts and executives. ...

Amazon Changes Tax Practices in Europe

TODAY: Aug. 2, 2015 PUB DATE: May 26, 2015

Amazon.com Inc. has started booking revenue from retail sales in individual European countries, instead of funneling all sales through low-tax Luxembourg, amid intense scrutiny of corporate tax practices in Europe. The change was made effective May 1, a company spokesman ...

European Stocks Down on Greek Debt Fears

TODAY: Aug. 2, 2015 PUB DATE: May 26, 2015

European stocks ended lower Monday, weighed down by concerns about the state of Greece's finances and political instability in Spain. Over the weekend Greece raised doubts that it would have the money it is due to repay to the International ...

Hong Kong Shares Jump on Hopes for China Link

TODAY: Aug. 2, 2015 PUB DATE: May 26, 2015

By Chao Deng Shares in Hong Kong played catch-up with the rally in mainland stocks after news that China will soon launch a link allowing Hong Kong and mainland asset managers to sell funds to retail investors on either side. ...

Euro Tumbles to One-Month Low

TODAY: Aug. 2, 2015 PUB DATE: May 26, 2015

The euro tumbled to a one-month low against the dollar as doubts over Greece's ability to repay its debts intensified, while Greek bonds came under renewed pressure. The common currency fell 0.8% to $1.0885, extending the previous day's declines as ...

Priceline Boosts Stake in Ctrip.com

TODAY: Aug. 2, 2015 PUB DATE: May 26, 2015

Priceline Group Inc. on Tuesday said it would increase its investment in Ctrip.com International Ltd., as the online travel company seeks a larger footprint in the world's largest outbound-travel market. Priceline said it would invest $250 million in Ctrip through ...

IMF Says Yuan No Longer Undervalued

TODAY: Aug. 2, 2015 PUB DATE: May 26, 2015

BEIJING— China's currency is no longer undervalued, a senior official of the International Monetary Fund said Tuesday. "While undervaluation of the renminbi (yuan) was a major factor causing the large imbalances in the past, our assessment now is that the ...

South Africa's Economy Slowed More Than Expected in First Quarter

TODAY: Aug. 2, 2015 PUB DATE: May 26, 2015

By Patrick McGroarty PRETORIA, South Africa--South Africa's economy expanded less than expected in the first quarter of 2015, confirmation that electrical blackouts are weighing heavily on beleaguered factories and mines. Annualized growth in the first three months of this year ...

Euro Tumbles to One-Month Low Against Dollar -- 4th Update

TODAY: Aug. 2, 2015 PUB DATE: May 26, 2015

By Tommy Stubbington The euro tumbled to a one-month low against the dollar Tuesday on a surging U.S. currency and doubts over Greece's ability to repay its debts. The common currency fell 1% to around $1.0870, extending the previous day's ...

U.S. Stock Futures Edge Lower as Data Looms

TODAY: Aug. 2, 2015 PUB DATE: May 26, 2015

By Dan Strumpf U.S. stock futures edged lower Tuesday after a disappointing report on demand for durable goods in April. Futures on the S&P; 500 index lost four points, or 0.2%, to 2121 about 60 minutes before the opening bell, ...

Canada's Barrick, Ivanhoe in Mining Deals With China's Zijin

TODAY: Aug. 2, 2015 PUB DATE: May 26, 2015

Canadian-based mining companies Barrick Gold Corp. and Ivanhoe Mines Ltd. said Tuesday they had signed separate partnership deals with Chinese miner Zijin Mining Group Co. to help advance their respective projects in Papua New Guinea and the Democratic Republic of ...