Oil Steady as Investors Weigh Iraq Violence, Bearish Supply

TODAY: July 30, 2015 PUB DATE: May 19, 2015

By Eric Yep Oil prices were steady amid lacklustre trade in Asian hours Tuesday as investors weighed reports of more violence in the Middle East against increasingly bearish supply fundamentals. On the New York Mercantile Exchange, light, sweet crude futures ...

Orange Secures EU Approval for Jazztel Acquisition -- Update

TODAY: July 30, 2015 PUB DATE: May 19, 2015

By Tom Fairless BRUSSELS-- Orange SA has secured European Union approval for its acquisition of Spanish broadband and cellphone operator Jazztel PLC after agreeing to a package of divestments and network-sharing agreements that would help launch a new telecoms operator ...

WPP Buys Majority Stake in Sports Marketing Agency Two Circles

TODAY: July 30, 2015 PUB DATE: May 19, 2015

LONDON--Advertising company WPP PLC (WPP.LN) said Tuesday that it has acquired a majority stake in U.K.-based sports marketing agency Two Circles for an undisclosed sum. Two Circles' consolidated revenue for the year ended Aug. 31, 2014, were 2.7 million pounds ...

European Stocks Surge, Euro Slides vs Dollar -- 4th Update

TODAY: July 30, 2015 PUB DATE: May 19, 2015

By Josie Cox The euro fell hard against the U.S. dollar Tuesday, while European stocks and bonds surged on the prospect of the European Central Bank ramping up its asset-purchase program in May and June. By mid afternoon, the euro ...

Medtronic Expects Profit at High End of Outlook

TODAY: July 30, 2015 PUB DATE: May 19, 2015

By Chelsey Dulaney Medtronic PLC said Tuesday that it expects earnings in its April quarter to come in at the top end of its previous guidance, while the medical-device maker also reported a slight uptick in revenue for the period. ...

Shell CEO Defends Arctic Drilling, Environment Record

TODAY: July 30, 2015 PUB DATE: May 19, 2015

By Sarah Kent THE HAGUE-- Royal Dutch Shell PLC's chief executive on Tuesday defended the company's environmental record as its board was peppered with questions about plans for Arctic exploration and the risks climate change poses to its business. In ...

Bank of Canada's Poloz: Economy Is Headed in Right Direction

TODAY: July 30, 2015 PUB DATE: May 19, 2015

OTTAWA—Canada's economy is headed in the right direction, and a robust recovery, led by non-energy exports, should begin by midyear, Bank of Canada Governor Stephen Poloz said Tuesday. The central banker stuck to his recent upbeat tone about the economy, ...

Kansas Lawmakers' Budget Move Links Court Funding to Court Decisions

TODAY: July 30, 2015 PUB DATE: May 19, 2015

By Joe Palazzolo Kansas legislators are threatening to eliminate funding for state courts if a judge strikes down a controversial law passed last year. Republican senators and representatives agreed Monday on a two-year judicial budget that would self-destruct if any ...

IMF Chief: Greek Bailout Talks Making Some Progress

TODAY: July 30, 2015 PUB DATE: May 19, 2015

Bailout talks with Greece and its creditors are making some progress, International Monetary Fund Managing Director Christine Lagarde said Tuesday, but there are still challenges as Athens seeks to overhaul its lending terms. "We have constant discussions and are making ...

Markets Are Jumpy Over Coming Leap Second

TODAY: July 30, 2015 PUB DATE: May 19, 2015

By Stephanie Yang Wall Street's latest worry: Y2K's distant cousin, the leap second. Traders and exchange officials are prepping for the latest incidence when a seemingly innocuous time change could potentially cause havoc if computer systems aren't made ready. In ...

RBA has Scope for Further Policy Action

TODAY: July 30, 2015 PUB DATE: May 19, 2015

SYDNEY--Australia's central bank Tuesday left open the possibility that it might cut interest rates further, saying it has scope to act again if needed. In minutes of its May 5 policy meeting, when it cut its cash rate target to ...

MOL Buys 30% Stake in DG Khan Block, Announces New Discovery

TODAY: July 30, 2015 PUB DATE: May 19, 2015

BUDAPEST--Hungarian oil and gas company MOL Nyrt. (MOL.BU) announced Tuesday a new discovery from its exploration well Mardan Khel-1 and said it will farm into the DG Khan Block, in Pakistan. MAIN FACTS: - Mardan Khel-1 was drilled as an ...

Cypress Semiconductor Cites 'Impasse' in Bid for Integrated Silicon

TODAY: July 30, 2015 PUB DATE: May 19, 2015

Cypress Semiconductor Corp. criticized Integrated Silicon Solution Inc. over an "impasse" in negotiating a confidentiality agreement, three days after Integrated Silicon said it authorized discussions with unsolicited suitor Cypress. In March, Integrated Silicon announced a deal to be sold to ...