Fed's Kocherlakota Is Worried About Premature Rate Hikes

TODAY: Feb. 26, 2015 PUB DATE: Nov. 18, 2014

By Michael S. Derby and Kelly Schoenfelder NEW YORK--Federal Reserve Bank of Minneapolis President Narayana Kocherlakota worried on Tuesday that the U.S. central bank may be getting ready to end its ultra-easy money-policy stance too soon. Speaking with reporters after ...

Thirty-Year Mortgage Rate Falls in Latest Week -- Zillow

TODAY: Feb. 26, 2015 PUB DATE: Nov. 18, 2014

By Tess Stynes Real-estate website Zillow Inc. (Z) said its real-time rate on 30-year fixed-rate mortgages fell for the latest week and marked the seventh straight week below 4%. The 30-year fixed-mortgage rate on Zillow Mortgages, which tracks mortgages on ...

Japan Weighs More Stimulus

TODAY: Feb. 26, 2015 PUB DATE: Nov. 18, 2014

TOKYO--Japan is pushing to rescue its floundering economy with a third big economic stimulus, and Prime Minister Shinzo Abe prepared to face snap elections amid rising clamor over the wisdom of his "Abenomics" reforms. A surprise announcement early Monday that ...

China New-Home Prices Continue to Slide

TODAY: Feb. 26, 2015 PUB DATE: Nov. 18, 2014

By Esther Fung SHANGHAI--The average price of new homes in 70 Chinese cities continued to fall for the sixth straight month in October, but at a slower pace as some home buyers returned to the market following Beijing's move to ...

China New-Home Prices Slide -- Update

TODAY: Feb. 26, 2015 PUB DATE: Nov. 18, 2014

By Esther Fung SHANGHAI -- The average price of new homes in 70 Chinese cities fell in October for the sixth straight month, but at a slower pace as some home buyers returned to the market after Beijing eased mortgage ...

India About to Announce New Gold-Import Restrictions

TODAY: Feb. 26, 2015 PUB DATE: Nov. 18, 2014

By Prasanta Sahu And Vibhuti Agarwal NEW DELHI--India's government is about to announce new measures to slow the import of gold, hoping to help shrink the country's chronic current-account deficit, a finance ministry official said Tuesday. India has become the ...

Europe Stocks Up On ECB Comments

TODAY: Feb. 26, 2015 PUB DATE: Nov. 18, 2014

European stocks climbed Tuesday, spurred by signs that the European Central Bank is still on track to take new steps to tackle low inflation. The Stoxx Europe 600 was up 0.1% in early trade. The benchmark had added 0.5% on ...

Japan PM Abe Calls Election

TODAY: Feb. 26, 2015 PUB DATE: Nov. 18, 2014

TOKYO--Japanese Prime Minister Shinzo Abe on Tuesday called a snap election to seek a mandate for his decision to delay a further sales-tax increase that had been planned for next year. The widely expected announcement comes a day after data ...

Bank of Russia Chief Defends Ruble Float

TODAY: Feb. 26, 2015 PUB DATE: Nov. 18, 2014

MOSCOW--The Bank of Russia had no other option but to let the ruble float freely, and the decision to do so had helped stop it from hitting fresh record lows, Elvira Nabiullina, the bank's chairwoman, said on Tuesday. The ruble ...

Bank of Russia Chief Defends Ruble Float

TODAY: Feb. 26, 2015 PUB DATE: Nov. 18, 2014

By Andrey Ostroukh MOSCOW--The Bank of Russia had no other option but to let the ruble float freely, and the decision to do so had helped stop it from hitting fresh record lows, Elvira Nabiullina, the bank's chairwoman, said on ...

Home Depot Results Top Expectations -- 3rd Update

TODAY: Feb. 26, 2015 PUB DATE: Nov. 18, 2014

By Michael Calia Home Depot Inc. warned it faces more costs related to a widespread data breach earlier this year, though the retailer's results for the November quarter suggest customers weren't scared off by any lingering security concerns. The company's ...

U.S. Producer Prices +0.2% in October

TODAY: Feb. 26, 2015 PUB DATE: Nov. 18, 2014

By Jonathan House and Jeffrey Sparshott WASHINGTON-A gauge of U.S. inflation inched higher last month, indicating still-modest upward price pressures. The producer-price index for final demand, which measures changes in the prices firms receive for their goods and services, increased ...

Terra Peregrin Changes Bid Conditions for Portugal Telecom SGPS

TODAY: Feb. 26, 2015 PUB DATE: Nov. 18, 2014

By Rogerio Jelmayer SAO PAULO--Terra Peregrin, an investment vehicle controlled by Africa's richest woman, changed certain conditions of its bid worth EUR1.21 billion ($1.5 billion) to take over Portugal Telecom SGPS (PT), a company that has a 25% stake in ...

U.S. Home-Builder Confidence Rises

TODAY: Feb. 26, 2015 PUB DATE: Nov. 18, 2014

WASHINGTON--A gauge of home-builder sentiment climbed in November, a hopeful signal for the U.S. housing recovery as it struggles to find its footing. An index of builder confidence in the market for new single-family homes rose by four points to ...

Russia Consumer Price Inflation May Hit Double Digits In Jan -Report

TODAY: Feb. 26, 2015 PUB DATE: Nov. 18, 2014

By Alexander Kolyandr MOSCOW--Russian consumer price inflation may hit double digits in January, the country's Finance Minister said Tuesday, Interfax reported. The report quoted Anton Siluanov as saying, that "it looks like at the start of the new year in ...

Medtronic Sales Rise, Backs Covidien Deal -- 2nd Update

TODAY: Feb. 26, 2015 PUB DATE: Nov. 18, 2014

By Joseph Walker Medtronic Inc., which is preparing to complete a $43 billion merger with Covidien PLC, said its revenue increased 4.1% in the quarter ending in October, even as competitive pressures weighed on sales of two important product lines. ...

Home Depot's Results Improve -- 5th Update

TODAY: Feb. 26, 2015 PUB DATE: Nov. 18, 2014

By Michael Calia Home Depot Inc. warned it faces more costs related to a widespread data breach earlier this year, though the retailer's sales for the November quarter suggest customers weren't scared off by any lingering security concerns. The company's ...

U.S. Holiday E-Spending Seen Growing 16%

TODAY: Feb. 26, 2015 PUB DATE: Nov. 18, 2014

U.S. consumers shopping on desktop computers, smartphones and tablets are expected to spend 16% more this holiday season than last year, according to analytics firm comScore Inc. ComScore co-founder and chairman emeritus Gian Fulgoni said that although some lasting effects ...