Oil Slides on U.S. Strikes and China Data

TODAY: April 26, 2015 PUB DATE: Feb. 2, 2015

LONDON--Oil started the week in the red as strikes at U.S. refineries and sluggish manufacturing data from China fueled fears of a demand slowdown. On the New York Mercantile Exchange, light, sweet crude futures for March delivery traded down 2.3% ...

Holcim, Lafarge Confirm Asset Sale Talks With CRH -- Update

TODAY: April 26, 2015 PUB DATE: Feb. 2, 2015

By John Revill ZURICH--Holcim AG and Lafarge SA on Monday moved a step closer to completing their $40 billion merger after the two companies confirmed they are exclusive talks to sell some of their assets to Irish building materials company ...

Exxon's Profit Drops 21% As Production Declines -- Update

TODAY: April 26, 2015 PUB DATE: Feb. 2, 2015

By Chelsey Dulaney Exxon Mobil Corp. said its fourth-quarter earnings dropped 21%, hurt by lower commodity prices, while the biggest U.S. energy company also unveiled plans to slash its share buyback program. Exxon said it plans to buy back $1 ...

Russian Economy Shrank Sharply in January, Says HSBC

TODAY: April 26, 2015 PUB DATE: Feb. 2, 2015

MOSCOW--Russia's manufacturing sector started this year with its sharpest contraction since the global financial crisis in 2009, HSBC Manufacturing Purchasing Manager's Index showed Monday. The headline manufacturing PMI index dropped to 47.6 in January from 48.9 in December, remaining below ...

Intuitive Surgical Unveils $1 Billion Stock Buyback Program

TODAY: April 26, 2015 PUB DATE: Feb. 2, 2015

By Tess Stynes Intuitive Surgical Inc. said its board authorized the repurchase of as much as an additional $1 billion of the maker of robotic surgery systems' stock. Chief Financial Officer Marshall Mohr said that while Intuitive Surgical continues to ...

Press Release: PMI(R) at 53.5%; January -4-

TODAY: April 26, 2015 PUB DATE: Feb. 2, 2015

comments. The few exceptions were submitted as inventory related comments. The pros and cons of the downturn in pricing for oil and gas are becoming more evident. The good news is that there are few surprises (either good or bad) ...

Holcim, Lafarge Confirm Asset Sale Talks With CRH -- 4th Update

TODAY: April 26, 2015 PUB DATE: Feb. 2, 2015

By John Revill ZURICH--Holcim Ltd. and Lafarge SA on Monday moved a step closer to completing their $40 billion merger as the two companies confirmed they are in exclusive talks to sell some of their assets to Irish building materials ...

Obama Pushes GOP-Led Congress on Homeland Security Funding

TODAY: April 26, 2015 PUB DATE: Feb. 2, 2015

By Carol E. Lee WASHINGTON--President Barack Obama used the unveiling of his nearly $4 trillion fiscal 2016 budget on Monday to sharply challenge congressional Republicans to approve funding for the Homeland Security Department, now caught up in GOP protests over ...

Obama Proposes Tax on Large Financial Firms

TODAY: April 26, 2015 PUB DATE: Feb. 2, 2015

WASHINGTON--President Barack Obama proposed a broad new tax on financial firms with more than $50 billion in assets, a proposal that is unlikely to advance in Congress but underscores Wall Street's continued status as a political punching bag. The White ...

Obama Proposes Tax on Large Financial Firms

TODAY: April 26, 2015 PUB DATE: Feb. 2, 2015

By Ryan Tracy WASHINGTON--President Barack Obama proposed a broad new tax on financial firms with more than $50 billion in assets, a proposal that is unlikely to advance in Congress but underscores Wall Street's continued status as a political punching ...

U.S. Factories Gear Down Again

TODAY: April 26, 2015 PUB DATE: Feb. 2, 2015

U.S. factory activity continued to decelerate in January, according to a survey released Monday by the Institute for Supply Management. The ISM's manufacturing purchasing managers index fell to a seasonally adjusted 53.5 in January from 55.1 in December. Fourteen of ...

Investors Pour Record Amount Into European High-Yield Bond Funds

TODAY: April 26, 2015 PUB DATE: Feb. 2, 2015

By Christopher Whittall Mario Draghi plans to get Europe's economy up and running, but he has also sent investors stampeding into riskier corners of the region's bond market. Investors poured a record amount of cash into high-yield bond funds after ...

Dollar Weakens After Sluggish Data

TODAY: April 26, 2015 PUB DATE: Feb. 2, 2015

By James Ramage The dollar fell against the euro and currencies linked to commodity-based economies on Monday after U.S. manufacturing growth was softer than expected last month and oil prices rose. The euro increased 0.5% to $1.1339, lingering above an ...

Anadarko Petroleum Nearly Halves Its Loss

TODAY: April 26, 2015 PUB DATE: Feb. 2, 2015

By Maria Armental Anadarko Petroleum Corp. nearly halved its fourth-quarter loss while raising cash as it deals with two large legal claims and moves ahead several big projects. The Woodlands, Texas, energy company, which faces pollution penalties in connection to ...

China Manufacturing Gauge Shows Decline in January

TODAY: April 26, 2015 PUB DATE: Feb. 1, 2015

BEIJING--China's official manufacturing purchasing-managers index fell to 49.8 in January compared with 50.1 in December, the National Bureau of Statistics said Sunday. It was the first time the index fell below 50 since September 2012 when the reading was also ...

China Posts Disappointing Factory, Services Data -- Update

TODAY: April 26, 2015 PUB DATE: Feb. 1, 2015

By William Kazer China's economy got off to a weak start in 2015 as a gauge of factory activity recorded its first contraction in more than two years in January and the usually strong services sector grew at a slower ...

Obama Budget: Fund Infrastructure With Tax on Firms' Foreign Earnings

TODAY: April 26, 2015 PUB DATE: Feb. 1, 2015

By Carol E. Lee And John D. McKinnon WASHINGTON--U.S. President Barack Obama will propose a $478 billion increase in funding for rebuilding American infrastructure that would be paid for by levying a one-time tax on foreign earnings from U.S. companies, ...

South Korea Exports Fall 0.4 % in January

TODAY: April 26, 2015 PUB DATE: Feb. 1, 2015

By Kwanwoo Jun SEOUL--South Korea's exports declined, but at a slower than expected rate, in January, data showed Sunday. Exports fell 0.4% from a year earlier to $45.37 billion, following a revised 3.6% gain in December, according to provisional data ...