Global Stocks Mostly Gain Despite China Plunge -- Update

TODAY: April 29, 2016 PUB DATE: Feb. 25, 2016

By Riva Gold Global stocks ignored a plunge in Chinese markets Thursday, as a late turnaround on Wall Street helped rekindle investors' appetite for risk. The Stoxx Europe 600 was up 1.4% late morning after a rally in oil prices ...

U.S., China Agree to Sanction North Korea on Nuclear Program

TODAY: April 29, 2016 PUB DATE: Feb. 25, 2016

UNITED NATIONS?The U.S. and China agreed to resolution that U.N. diplomats said would impose significant new sanctions on North Korea in response to its recent nuclear and missile tests. American Ambassador Samantha Power on Thursday will submit a draft resolution ...

In End of an Era, MetLife Looks To Part With Insurance Agents

TODAY: April 29, 2016 PUB DATE: Feb. 25, 2016

By Leslie Scism MetLife Inc. is preparing to part ways with a central force in the company's history: its life-insurance agents. The nation's largest insurer by assets is in talks to sell a business of roughly 4,000 sales people to ...

U.S. Hedge Fund Elliot Faces Probe into Samsung Stake

TODAY: April 29, 2016 PUB DATE: Feb. 25, 2016

By Min-Jeong Lee SEOUL--South Korea's top financial regulator said Thursday it has asked prosecutors to investigate U.S. hedge fund Elliott Associates LP for a possible breach of disclosure rules when it acquired a stake in the Samsung conglomerate's de facto ...

U.S. Durable Orders Rose 4.9% in January

TODAY: April 29, 2016 PUB DATE: Feb. 25, 2016

WASHINGTON?Orders for long-lasting manufactured goods posted their largest monthly gain since last spring, a sign the battered manufacturing industry could be stabilizing after one of its worst years since the recession ended. New orders for durable goods?products designed to last ...

Canadian Weekly Earnings Up 1.7% in December

TODAY: April 29, 2016 PUB DATE: Feb. 25, 2016

By Paul Vieira OTTAWA--Average weekly earnings of Canadian non-farm payroll employees increased 1.7% in December from a year earlier and were up 0.9% month-over-month, Statistics Canada said Thursday. Weekly earnings averaged 959 Canadian dollars ($701) in December, the data agency ...

McKesson to Buy Two Cancer-Focused Firms for $1.2 Billion

TODAY: April 29, 2016 PUB DATE: Feb. 25, 2016

By Tess Stynes McKesson Corp. agreed to acquire cancer-care company Vantage Oncology LLC and oncology pharmacy-services firm Biologics Inc. in separate deals with a combined value of roughly $1.2 billion. McKesson's shares rose 3.5% to $160.08 in recent premarket trading. ...

McKesson Buying Two Cancer-Focused Firms

TODAY: April 29, 2016 PUB DATE: Feb. 25, 2016

McKesson Corp. agreed to acquire cancer-care company Vantage Oncology LLC and oncology pharmacy-services firm Biologics Inc. in separate deals with a combined value of roughly $1.2 billion. McKesson's shares rose 3.5% to $160.08 in recent premarket trading. The San Francisco ...

Weak Holidays Force Retailers to Shrink, Rethink Web -- 2nd update

TODAY: April 29, 2016 PUB DATE: Feb. 25, 2016

By Suzanne Kapner Dismal holiday results from retailers are prompting executives across the industry to shrink or adapt their stores, and rethink the cost of growing their online operations. On Thursday, Kohl's Corp. said it would close 18 stores after ...

Weak Holidays Force Retailers to Shrink, Rethink Web

TODAY: April 29, 2016 PUB DATE: Feb. 25, 2016

By Suzanne Kapner Dismal holiday results from retailers are forcing executives across the industry to shrink or adapt their stores, and rethink the cost of growing their online operations. On Thursday, Kohl's Corp. said it would close 18 stores after ...

Ontario Teachers, Others to Buy London City Airport

TODAY: April 29, 2016 PUB DATE: Feb. 25, 2016

A consortium of bidders lead by the Ontario Teachers' Pension Plan is close to announcing it will buy London City Airport for more than £ 2 billion (about $2.8 billion), said people familiar with the matter. The deal could be ...

Zumbrota, Minn Hog Market Steady At $40.00 - Feb 25

TODAY: April 29, 2016 PUB DATE: Feb. 25, 2016

Barrow and gilt prices at the Zumbrota, Minn., livestock market today were steady at $40.00 per hundredweight. Sow prices are steady. Sows weighing under 450 pounds were at $36.00-$37.00, 400-450 pounds were at $36.00-$37.00, 450-500 pounds were at $36.00-$37.00 and ...

Bank of Canada Names Leduc as a Deputy Governor

TODAY: April 29, 2016 PUB DATE: Feb. 24, 2016

OTTAWA?The Bank of Canada said Tuesday it has chosen a senior official at the Federal Reserve Bank of San Francisco to be its new deputy governor, with a role in crafting rate policy and overseeing the financial system. Canada's central ...

Europe Exchanges Talk Deal

TODAY: April 29, 2016 PUB DATE: Feb. 24, 2016

(FROM THE WALL STREET JOURNAL 2/24/16) By Shayndi Raice, James Rundle and Giles Turner The main stock exchanges in the U.K. and Germany are in advanced talks to merge, a deal that would create a formidable European rival to the ...

Global Stocks Down as Commodities Prices Slip --Update

TODAY: April 29, 2016 PUB DATE: Feb. 24, 2016

By Riva Gold Global stocks fell Wednesday, weighed by further declines in commodities prices and concerns over China's currency. The Stoxx Europe 600 was down 1.9% late morning after a weak finish on Wall Street and in Asia. Losses were ...

Fed's Fischer: 'Still Early' to Assess Impact of Market Volatility

TODAY: April 29, 2016 PUB DATE: Feb. 24, 2016

By Ben Leubsdorf It is "still early" to assess the implications of recent volatility in financial markets for the U.S. economy, Federal Reserve Vice Chairman Stanley Fischer said Tuesday. "If the recent financial market developments lead to a sustained tightening ...