Republican-Controlled Senate Clears Budget Plan

TODAY: March 28, 2015 PUB DATE: March 27, 2015

By Kristina Peterson and Michael R. Crittenden WASHINGTON--The Senate passed a Republican budget for fiscal year 2016 early Friday morning after a grueling, round-the-clock marathon of amendment votes. The conservative spending blueprint for the year that begins Oct. 1 marked ...

Some Energy Companies Find the Going Tough

TODAY: March 28, 2015 PUB DATE: March 27, 2015

By Matt Jarzemsky The ranks of financially stressed companies have swelled to a 4 1/2 -year high as the sharp drop in oil prices batters energy companies. The number of companies with the worst below-investment-grade debt ratings rose to 184 ...

Crude Futures Fall in Asia, Get Support From Yemen Conflict

TODAY: March 28, 2015 PUB DATE: March 27, 2015

By Eric Yep Crude-oil futures fell by about 2% in Asian trade Friday on some profit-taking, but prices are still supported by the escalating conflict in Yemen, traders said. On the New York Mercantile Exchange, light, sweet crude futures for ...

Chevron to Sell Caltex Australia Stake -- Update

TODAY: March 28, 2015 PUB DATE: March 27, 2015

By Ross Kelly SYDNEY-- Chevron Corp. plans to sell its stake in an Australian oil-refining business for about $3.60 billion, as the U.S. oil company sheds assets to buffer its balance sheet from tumbling oil prices. Chevron said Friday it ...

Yahoo Boosts Share Buyback by $2 Billion -- Update

TODAY: March 28, 2015 PUB DATE: March 27, 2015

By Douglas MacMillan Yahoo Inc. on Thursday announced a plan to buy back $2 billion of its own shares with proceeds from the recent public offering of Alibaba Group Holding Ltd. The buybacks are part of Chief Executive Marissa Mayer's ...

Correction to Yahoo stock buyback story

TODAY: March 28, 2015 PUB DATE: March 27, 2015

Yahoo has repurchased $9.7 billion in stock since 2012. "Yahoo Boosts Buyback Authorization by $2 Billion -- Update," at 7:58 p.m. ET, misstated the year in the second paragraph. (MORE TO FOLLOW) Dow Jones Newswires March 26, 2015 20:31 ET ...

Singapore Dollar Retreats Slightly From Recent Strength

TODAY: March 28, 2015 PUB DATE: March 27, 2015

Latest Change USD/SGD 1.3714 +0.0078 Overnight Rate 0.25% Unchanged 2-Year Bond Yield 1.27% +1 bp 10-Year Bond Yield 2.23% +5 bps 2-Year Swap Offer 1.51% Unchanged 10-Year Swap Offer 2.43% +4 bps 2-10-Year Swap Curve 92 bps +4 bps SINGAPORE--The ...

Euro's Slide Buoys Stocks -- 2nd Update

TODAY: March 28, 2015 PUB DATE: March 27, 2015

By Josie Cox European stocks rose on Friday, reversing a two-session sell off, supported by a fresh slide in the euro that particularly buoyed shares in the region's major exporters. Global stocks had suffered sharp declines over the previous two ...

CURRENCIES: Dollar Little Changed After GDP Report

TODAY: March 28, 2015 PUB DATE: March 27, 2015

By Joseph Adinolfi and Carla Mozee, MarketWatch Yellen set to speak at 3:45 p.m. Eastern NEW YORK (MarketWatch) -- The U.S. dollar inched lower against the yen and was little changed versus euro after the Commerce Department left its estimate ...

Greece to Send List of Economic Overhauls to Creditors

TODAY: March 28, 2015 PUB DATE: March 27, 2015

ATHENS--Greece will send a draft list of economic overhauls to its creditors later on Friday, which it hopes will help unlock bailout aid, two government officials said. "The list is ready," a senior government official said. Representatives from the Greek ...

Russia: No Reasons to Up 2015 Oil Price Forecast

TODAY: March 28, 2015 PUB DATE: March 27, 2015

MOSCOW--Russia's finance ministry sees no reasons yet to raise its forecast for the average oil price for this year, the country's deputy finance minister said on Friday. Earlier this year, the finance ministry halved its forecast for the average price ...

Economic Growth, Corporate Profits Slowed as 2014 Ended--3rd Update

TODAY: March 28, 2015 PUB DATE: March 27, 2015

By Kate Davidson WASHINGTON--Profits at U.S. corporations in late 2014 posted their largest drop in four years, a reflection of an economy weighed down by a strong dollar and weak global demand. The Commerce Department's third estimate of fourth-quarter gross ...

Intel in Talks to Buy Altera

TODAY: March 28, 2015 PUB DATE: March 27, 2015

By Dana Mattioli and Dana Cimilluca Intel Corp. is talks to buy Altera Corp. in a deal that would be the chip-making giant's largest takeover ever. Terms of the potential deal and its timing couldn't be learned, and it's possible ...

Dollar Slips on Modest U.S. Economic Data

TODAY: March 28, 2015 PUB DATE: March 27, 2015

By James Ramage The dollar eased against the euro and the British pound on Friday as lukewarm U.S. data reflected a mildly slowing economy and diminishing confidence among Americans to spend money. The euro inched up 0.1% to $1.0899 and ...

How Wall Street Middlemen Help Silicon Valley -2-

TODAY: March 28, 2015 PUB DATE: March 27, 2015

Mr. Crowder declines to comment on the Uber deals but says "all kinds of transactions get done in stock where companies have some transfer restrictions." Uber is no longer mentioned on VSL's website. Uber says its policy doesn't permit employees ...

Intel in Talks to Buy Altera -- 4th Update

TODAY: March 28, 2015 PUB DATE: March 27, 2015

By Dana Mattioli and Dana Cimilluca Intel Corp. is in talks to buy Altera Corp. in a deal that would be the chip-making giant's largest takeover ever. Terms of the potential deal and its timing couldn't be learned, and it ...

Fed's Janet Yellen Pitches Cautious Tack on Rate Increases

TODAY: March 28, 2015 PUB DATE: March 27, 2015

By Jon Hilsenrath And Michael S. Derby Federal Reserve Chairwoman Janet Yellen laid out a road map for what happens after the U.S. central bank lifts short-term interest rates later this year. Her heavily footnoted, 18-page speech on the subject ...

Dollar Flat Againt Yen, Euro Ahead of Book Closing

TODAY: March 28, 2015 PUB DATE: March 27, 2015

By Hiroyuki Kachi The dollar was essentially flat against the yen and the euro, as investors remained cautious and avoided taking strong, lopsided positions ahead of the March 31 end of the Japanese fiscal year. Around 0450 GMT, the dollar ...