BMW Sticks To China Expansion Plans

TODAY: June 29, 2015 PUB DATE: April 20, 2015

By William Boston SHANGHAI--German luxury car maker BMW AG is sticking to its plans to expand capacity in China and plans to produce three additional models in the country, despite the marked slowdown in the Chinese economy. Munich-based BMW posted ...

SunTrust Profit Rises

TODAY: June 29, 2015 PUB DATE: April 20, 2015

By Lisa Beilfuss SunTrust Banks Inc. said its profit edged up in the most recent quarter, as noninterest income growth and lower expenses offset lower revenue. "Continued expense discipline and strong asset quality performance, coupled with growth in noninterest income...helped ...

German Producer Prices Edge Up

TODAY: June 29, 2015 PUB DATE: April 20, 2015

The prices of goods leaving Germany's factory gates rose slightly in March from February, but were lower compared with the year-earlier month because of a decline in oil prices, official data showed Monday. Producer prices rose for the second consecutive ...

U.S. Stocks Advance

TODAY: June 29, 2015 PUB DATE: April 20, 2015

By Saumya Vaishampayan and Dan Strumpf U.S. stocks rose Monday, rebounding from steep declines Friday, lifted by upbeat earnings news and an announcement of more stimulus from China. The Dow Jones Industrial Average rose 232 points, or 1.3%, to 18058 ...

Frederick's of Hollywood Files for Bankruptcy Protection -- Update

TODAY: June 29, 2015 PUB DATE: April 20, 2015

By Peg Brickley Frederick's of Hollywood filed for bankruptcy protection Sunday with a $22.5 million offer in hand from Authentic Brands Group, LLC. The agreement with Authentic Brands means the lingerie chain will continue only as an online business, unless ...

EU Greenlights Altice's Deal With Portugal Telecom

TODAY: June 29, 2015 PUB DATE: April 20, 2015

By Tom Fairless Brussels--Europe's competition regulator said it approved Luxembourg-based Altice SA's EUR7.4 billion ($8 billion) acquisition of the Portuguese assets of Portugal Telecom, after Altice agreed to sell its existing businesses in Portugal. The deal, announced in November, was ...

St. Jude Exercises Option to Acquire Spinal Modulation

TODAY: June 29, 2015 PUB DATE: April 20, 2015

By Tess Stynes St. Jude Medical Inc. said it will exercise its exclusive option to acquire Spinal Modulation Inc. for at least $175 million, gaining the company's Axium neurostimulator technology. In June 2013, St. Jude Medical made a series of ...

Chicago Fed Index Signals Slower Growth

TODAY: June 29, 2015 PUB DATE: April 20, 2015

Soured by lagging production, a snapshot of the U.S. economic landscape last month slipped deeper into sagging growth. The Chicago Fed National Activity Index moved down to -0.42 in March from February's -0.18. Any reading below zero indicates growth below ...

U.S. Stocks Bounce Back Monday

TODAY: June 29, 2015 PUB DATE: April 20, 2015

By Dan Strumpf U.S. stocks bounced back on Monday from Friday's steep declines, lifted by upbeat earnings news and an announcement of more stimulus from China. Stocks kicked off the session sharply higher and stuck to a narrow trading range ...

TPG's General Counsel Ronald Cami Is Leaving the Firm

TODAY: June 29, 2015 PUB DATE: April 20, 2015

By Ryan Dezember TPG's general counsel Ronald Cami is leaving the private-equity firm after five years as its top in-house lawyer. Mr. Cami, 47 years old, has agreed to stay on at the firm while it searches for a replacement ...

ECB's Constancio Convinced Greece Will Stay in the Eurozone

TODAY: June 29, 2015 PUB DATE: April 20, 2015

By Todd Buell And Viktoria Dendrinou FRANKFURT--The vice president of the European Central Bank said Monday that he is convinced that Greece will remain in the eurozone, as he attempted to douse concerns that the troubled country would leave the ...

ECB to Watch Hungary Closely for Possible Monetary Financing

TODAY: June 29, 2015 PUB DATE: April 20, 2015

BUDAPEST--The European Central Bank will monitor Hungary closely for the risk of its central bank financing the government, an action strictly prohibited under European Union regulations, the ECB said Monday. The National Bank of Hungary has launched several programs not ...

Daiichi Sankyo to Sell Sun Pharma Stake

TODAY: June 29, 2015 PUB DATE: April 20, 2015

NEW DELHI--Daiichi Sankyo Co. plans to sell its stake in Sun Pharmaceutical Industries Ltd. as it seeks to exit an investment that soured over seven years. The century-old Japanese drug firm plans to sell some or all of its 8.9% ...

Canadian National Railway Profit Rises on Robust Volumes

TODAY: June 29, 2015 PUB DATE: April 20, 2015

Canadian National Railway Co. said Monday that its first-quarter profit was higher than a year earlier as strong freight volumes, easier winter weather and a lower Canadian dollar boosted results. The Montreal railroad operator earned 704 million Canadian dollars ($576 ...

Comcast Strives to Save Merger With Time Warner Cable -- Update

TODAY: June 29, 2015 PUB DATE: April 20, 2015

By Shalini Ramachandran, Joe Flint and Brent Kendall Comcast Corp. and Time Warner Cable Inc. are slated to sit down for the first time on Wednesday with Justice Department officials to discuss potential remedies in hopes of keeping their $45.2 ...

Raytheon to Invest $1.7 Billion in New Cyber Venture -- Update

TODAY: June 29, 2015 PUB DATE: April 20, 2015

By Doug Cameron Raytheon Co. is betting it can leverage the cybersecurity skills it honed for the U.S. military and intelligence agencies to sell to banks and retailers, investing almost $1.7 billion to establish a stand-alone business in an area ...

Asian Shares: Hong Kong Stocks Plunge on PBOC Move

TODAY: June 29, 2015 PUB DATE: April 20, 2015

By Chao Deng Stocks in Hong Kong headed for their largest percentage loss this year on Monday, as reassurance from China's government over the weekend failed to keep the market higher. The Hang Seng Index fell more than 2% shortly ...

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

TODAY: June 29, 2015 PUB DATE: April 20, 2015

By Rogerio Jelmayer SAO PAULO--Economists cut forecasts for Brazil's economic performance this year, as Latin America's largest economy struggles to regain traction amid low levels of confidence among consumers and the business community. Brazil's gross domestic product is now seen ...