MARKET SNAPSHOT: U.S. Stocks Rise After Fed Minutes

TODAY: Oct. 24, 2014 PUB DATE: July 9, 2014

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- The U.S. stock market moved higher after the FOMC minutes revealed that policy-makers decided to end the Fed's bond purchases by October if the economy stays on track. The ...

Detroit Art Valued at Up to $4.6 Billion

TODAY: Oct. 24, 2014 PUB DATE: July 9, 2014

DETROIT--A city-commissioned report on Detroit's fine art collection released Wednesday pegs its entire value between $2.8 billion and $4.6 billion, a sharp increase over a previous estimate that could create a headache for the city in bankruptcy court. Some creditors ...

CURRENCIES: Dollar In Nervous Trade Ahead Of Fed Minutes

TODAY: Oct. 24, 2014 PUB DATE: July 9, 2014

By Sara Sjolin, MarketWatch LONDON (MarketWatch) -- Dollar investors stayed on the sidelines in early trade on Wednesday, ahead of minutes from the latest Federal Reserve meeting that could give fresh clues on when the central bank will start to ...

European Stocks Lower Ahead of Fed Policy Minutes -Update

TODAY: Oct. 24, 2014 PUB DATE: July 9, 2014

By Josie Cox European equity markets extended losses into a fourth session Wednesday, but investors seemed wary of taking large positions ahead of the publication of the U.S. Federal Reserve's latest policy meeting minutes later in the session. The minutes ...

Australia Consumer Confidence Remains Disappointing - Westpac

TODAY: Oct. 24, 2014 PUB DATE: July 9, 2014

By David Rogers SYDNEY--Australian consumer sentiment continued to recover in July, but remained below the neutral mark after slumping in the wake of a tough federal budget in May. A Westpac Banking Corp./Melbourne Institute index of consumer sentiment rose 1.9% ...

China Yuan Hits Three Month-High

TODAY: Oct. 24, 2014 PUB DATE: July 9, 2014

SHANGHAI--The Chinese yuan hit a three-month high Wednesday, under guidance from the central bank, a day after U.S. Treasury Secretary Jacob Lew pressed his Chinese counterparts to let the currency rise and fall according to market forces. The yuan strengthened ...

China Yuan Hits Three Month-High

TODAY: Oct. 24, 2014 PUB DATE: July 9, 2014

SHANGHAI--The Chinese yuan hit a three-month high Wednesday, under guidance from the central bank, a day after U.S. Treasury Secretary Jacob Lew pressed his Chinese counterparts to let the currency rise and fall according to market forces. The yuan strengthened ...

Germany Approves Plans for Struggling Banks

TODAY: Oct. 24, 2014 PUB DATE: July 9, 2014

BERLIN--Germany's cabinet Wednesday approved plans to force creditors into propping up struggling banks beginning in 2015, one year earlier than required under European-wide plans that set rules for failing financial institutions. The new bail-in rules are part of a package ...

ECB Praet: Targeted Lending Will Break Vicious Circle of Tight Lending

TODAY: Oct. 24, 2014 PUB DATE: July 9, 2014

By William Horobin PARIS--The European Central Bank's targeted long term refinancing operation will break a vicious spiral of high lending rates for companies, high credit risk and poor economic performance, the central bank's chief economist Peter Praet said Wednesday. "These ...

Draghi Calls for Euro-Zone Rules for Economic Reforms

TODAY: Oct. 24, 2014 PUB DATE: July 9, 2014

European Central Bank President Mario Draghi on Wednesday called for a new set of rules for euro-zone members that would apply to economic reforms and be analogous to the standards that govern borrowing by governments. In outlining a new proposal ...

Democratic Senators Urge U.S. to Press China on Currency

TODAY: Oct. 24, 2014 PUB DATE: July 9, 2014

WASHINGTON--A pair of Senate Democrats on Wednesday called on U.S. officials meeting for high-level talks in Beijing to "decisively confront" Chinese officials over management of their currency, calling White House efforts to date "insufficient." In a letter timed to coincide ...

MARKET SNAPSHOT: U.S. Stocks Open Higher; FOMC Minutes On Tap

TODAY: Oct. 24, 2014 PUB DATE: July 9, 2014

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- After two days of selling led by momentum plays, U.S. stocks found their footing and opened slightly higher on Wednesday. Investors await minutes from the most recent Federal Open ...

Bitcoin Foundation Hires Lobbying Firm

TODAY: Oct. 24, 2014 PUB DATE: July 9, 2014

By Ryan Tracy Backers of the virtual currency bitcoin are beefing up their Washington presence as they seek to shape government oversight of the fledgling payment system. The effort has been building since a number of federal agencies began examining ...

Emails Point to IRS Officials Using Instant Messages

TODAY: Oct. 24, 2014 PUB DATE: July 9, 2014

By John D. McKinnon WASHINGTON--Lawmakers investigating the Internal Revenue Service's treatment of conservative groups released new emails Wednesday suggesting that top IRS officials communicated through an instant-messaging service that wasn't routinely archived. The revelation adds to lawmakers' concerns about the ...

China to Give Tax Breaks for Clean-Energy Cars

TODAY: Oct. 24, 2014 PUB DATE: July 9, 2014

BEIJING--China will give tax breaks to buyers of new clean-energy vehicles to stimulate domestic demand of environmentally friendly cars, the country's cabinet said Wednesday. From September 1 to the end of 2017, car buyers will be exempt from a 10% ...

Correction to U.S. Oil Prices Extend Losing Streak on July 8

TODAY: Oct. 24, 2014 PUB DATE: July 9, 2014

"U.S. Oil Prices Extend Losing Streak as Investors Doubt Economy," published at 4:13 p.m. EDT Tuesday, misstated the number of days that U.S. oil prices fell. The benchmark for U.S. oil prices marked its eighth straight session of losses Tuesday, ...

Canada Considering Another Ultralong Bond Issue

TODAY: Oct. 24, 2014 PUB DATE: July 9, 2014

By Paul Vieira OTTAWA--Just over two months after a rare but successful ultralong bond issue, Canada said Wednesday it is "considering" another attempt to raise cash through 50-year debt. In late April, the Canadian government raised 1.5 billion Canadian dollars ...

MARKET SNAPSHOT: Stocks Slip As Dow Loses Hold On 17,000

TODAY: Oct. 24, 2014 PUB DATE: July 8, 2014

By Victor Reklaitis and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) --U.S. stocks continued their retreat from records Tuesday, with the Dow Jones Industrial Average undercutting 17,000 after breaking through that milestone level on Thursday. Earnings season will get its unofficial ...

AbbVie Inc. Statement regarding a revised possible offer

TODAY: Oct. 24, 2014 PUB DATE: July 8, 2014

TIDMSHP RNS Number : 7151L AbbVie Inc. 08 July 2014 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE ...