Medtronic Buys Brain-Stimulation Firm

TODAY: Aug. 27, 2014 PUB DATE: Aug. 26, 2014

Medtronic Inc. (MDT) on Tuesday said it acquired privately held Sapiens Steering Brain Stimulation for about $200 million in cash, as the medical-devices maker looks to broaden its capabilities in the brain-function field. Medtronic said the deal doesn't have an ...

South Africa Returns to Modest Growth in Second Quarter

TODAY: Aug. 27, 2014 PUB DATE: Aug. 26, 2014

By Matina Stevis PRETORIA--The South African economy grew by 0.6% in the second quarter over a year ago, the government said Tuesday, a modest rebound after flirting with recession. A five-month mining strike in the country's platinum zone delivered a ...

Argentina Revokes BNY Mellon's Operating Approval -- Update

TODAY: Aug. 27, 2014 PUB DATE: Aug. 26, 2014

By Ken Parks BUENOS AIRES--Argentina has revoked Bank of New York Mellon's permission to operate a local representative office after the bank, acting as a trustee of some Argentine bonds, refused to transfer interest payments owed to bondholders last month ...

U.S. Consumers More Optimistic About Economy, Jobs--Update

TODAY: Aug. 27, 2014 PUB DATE: Aug. 26, 2014

By Kathleen Madigan U.S. consumers view the economy with more optimism this month, according to a report released Tuesday. An upbeat view on jobs hints at a solid August payrolls report, some economists say. The Conference Board, a private research ...

EUROPE MARKETS: European Stocks Continue Draghi-fueled Rally

TODAY: Aug. 27, 2014 PUB DATE: Aug. 26, 2014

By Sara Sjolin, MarketWatch LONDON (MarketWatch) -- European stock markets continued higher on Tuesday, adding to a rally from Monday driven by dovish comments from European Central Bank President Mario Draghi. The ECB boss hinted at Jackson Hole, Wyo. late ...

U.S. Home Price Growth Continues to Slow

TODAY: Aug. 27, 2014 PUB DATE: Aug. 26, 2014

The yearly growth in home prices across the U.S. continues to slow this year, according to a home price report released Tuesday. The home price index covering the entire nation increased 6.2% in the 12 months ended in June, said ...

Argentina Revokes BNY Mellon's Operating Approval

TODAY: Aug. 27, 2014 PUB DATE: Aug. 26, 2014

BUENOS AIRES--Argentina has revoked Bank of New York Mellon's permission to operate a representative office in the country after the bank, acting as a trustee of some Argentine bonds, refused to transfer interest payments owed to bondholders last month due ...

MARKET SNAPSHOT: S&P 500 Ends Higher For First-ever Close Above 2,000

TODAY: Aug. 27, 2014 PUB DATE: Aug. 26, 2014

By Victor Reklaitis and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- U.S. stocks edged higher Tuesday, with the S&P; 500 notching its first-ever finish above the milestone level of 2,000. A stronger-than-expected reading on consumer confidence provided a lift, and ...

New Zealand's Monthly Trade Balance Swings to Deficit

TODAY: Aug. 27, 2014 PUB DATE: Aug. 26, 2014

By Lucy Craymer WELLINGTON, New Zealand--New Zealand's monthly goods trade balance swung to a deficit in July as exports fell on year for the first time in 11 months. The country recorded a 692 million New Zealand dollar (US$576 million) ...

Dollar Lower Against Yen After Overnight Gains

TODAY: Aug. 27, 2014 PUB DATE: Aug. 26, 2014

By Hiroyuki Kachi The dollar was lower against the yen in Asian trading Tuesday, with some investors moving to lock in profits after gains overnight in the greenback. The euro, meanwhile, recouped earlier losses after briefly touching another fresh low ...

MARKET SNAPSHOT: U.S. Stocks: Futures Rise Ahead Of Durables Data

TODAY: Aug. 27, 2014 PUB DATE: Aug. 26, 2014

By Barbara Kollmeyer, MarketWatch MADRID (MarketWatch) -- U.S. stock futures shifted slightly higher Tuesday, as investors readied for potentially more investment signals from durable goods, home prices and other data. Investors will be looking to see what the S&P; 500 ...

U.S. Durable Goods Orders Surge 22.6% in July

TODAY: Aug. 27, 2014 PUB DATE: Aug. 26, 2014

WASHINGTON-Orders for big-ticket manufactured goods surged in July to a record high thanks to a jump in aircraft purchases, though underlying readings showed softening business spending last month. Purchases of durable goods-products like airplanes, cars, and heavy machinery that are ...

MOL, Croatia Free to Sell INA Shares Amid Arbitration -MOL

TODAY: Aug. 27, 2014 PUB DATE: Aug. 26, 2014

By Veronika Gulyas BUDAPEST--Hungary-based regional oil and gas firm MOL Nyrt. (MOL.BU) on Tuesday denied press reports of a share holding freeze on its Croatian subsidiary INA d.d. (INA.ZG) amid an ongoing arbitration with Croatia. The Arbitral Tribunal in an ...

Sao Paulo CPI Rises 0.43% for 4 Weeks Ended Aug 23 -- Brazil Fipe

TODAY: Aug. 27, 2014 PUB DATE: Aug. 26, 2014

By Rogerio Jelmayer SAO PAULO--The consumer price index for Sao Paulo, Brazil's biggest city, picked up in the four weeks ended Aug. 23, in line with economists' expectations, because of an increase in housing and transportation prices. The CPI rose ...

ICSC/Goldman Sachs Chain Store Sales Rise in Latest Week

TODAY: Aug. 27, 2014 PUB DATE: Aug. 26, 2014

By Michael Calia The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index rose 0.6% in the week ended Saturday from the previous week on a seasonally adjusted, comparable-store basis. "Business over the past week was ...

Fewer U.S. Homes Underwater in Second Quarter--Update 1

TODAY: Aug. 27, 2014 PUB DATE: Aug. 26, 2014

By Joe Light The number of homeowners who are underwater on their mortgages declined anew in the second quarter, but the remaining pain is being felt disproportionately by owners of low-price homes, according to a report released Tuesday. About 28% ...