U.S. GDP Growth Falters Amid Business Caution -- 3rd Update

TODAY: April 29, 2016 PUB DATE: April 29, 2016

By Jeffrey Sparshott A sharp pullback in business investment and weak global demand dragged down an already-lackluster U.S. economy in the opening months of 2016, the latest setback in a bumpy expansion entering its seventh year. Consumers and the housing ...

Portugal's Financial Independence Hangs by a Thread

TODAY: April 29, 2016 PUB DATE: April 29, 2016

By Patricia Kowsmann LISBON--Nearly two years after Portugal left a EUR78 billion ($88 billion) international bailout program, its financial independence continues to hang by a thread. That thread is a little-known Canadian firm, DBRS Ltd., the only rating company that ...

Connecticut Democrats Soften Tone on Budget

TODAY: April 29, 2016 PUB DATE: April 29, 2016

By Joseph De Avila A weekslong impasse over the state budget in Connecticut, marked by bitter exchanges and finger-pointing, is showing signs of easing. The state's top Democrats -- those who control the Legislature and Gov. Dannel Malloy -- appeared ...

Asian Shares Edge Mostly Lower

TODAY: April 29, 2016 PUB DATE: April 29, 2016

By Dominique Fong Shares in most Asia stock markets edged lower Friday, with gains capped by disappointment over the Bank of Japan holding back on additional stimulus and worries about global economic growth. China's Shanghai Composite Index was little changed, ...

UK Consumer Confidence Declines as EU Referendum Approaches

TODAY: April 29, 2016 PUB DATE: April 29, 2016

By Jason Douglas LONDON--U.K. consumer confidence fell in April to its lowest level in more than a year, as Britons grew gloomier about their prospects amid a debate over the country's future in the European Union. Market research firm GfK's ...

RBS First-Quarter Net Loss Nearly Doubles -- 2nd Update

TODAY: April 29, 2016 PUB DATE: April 29, 2016

By Max Colchester LONDON-- Royal Bank of Scotland Group PLC on Friday said its net loss in the first quarter more than doubled, following hefty restructuring charges and a one-off payment to the U.K. government. RBS reported a net loss ...

EU to Start Surveying Steel Imports to Support Industry

TODAY: April 29, 2016 PUB DATE: April 29, 2016

By Viktoria Dendrinou BRUSSELS--The European Union said Friday it would start surveying steel imports, as part of the bloc's effort to support its struggling steel sector as it grapples with global overcapacity. The European Commission, the EU's executive arm, established ...

U.S. Stock Plunge Weighs on Global Markets

TODAY: April 29, 2016 PUB DATE: April 29, 2016

Global stocks were mostly lower on the last trading day of the month, as a late-day selloff in U.S. tech shares reverberated overseas. The Stoxx Europe 600 fell 1.2% in early trade Friday, following weak sessions on Wall Street and ...

Rovi to Buy TiVo in $1.1 Billion Deal

TODAY: April 29, 2016 PUB DATE: April 29, 2016

Rovi Corp. said it would acquire TiVo Inc. for about $1.1 billion, a tie-up that comes as consumers are increasingly changing how they watch videos. Rovi said it will pay $10.70 a share in cash and stock, which is a ...

RBS Reports Wider First-Quarter Loss

TODAY: April 29, 2016 PUB DATE: April 29, 2016

By Max Colchester LONDON-- Royal Bank of Scotland Group PLC on Friday reported a large increase in its first-quarter net loss, following hefty restructuring charges and a one-off payment to the U.K. government. RBS reported a net loss of GBP968 ...

French Consumer Prices Weaker Than Expected in April

TODAY: April 29, 2016 PUB DATE: April 29, 2016

By William Horobin PARIS--French consumer prices were weaker than expected in April, dragged down by a fall in prices of manufactured goods, statistics showed Friday. The consumer price index in the eurozone's second largest economy rose 0.1% on the month ...

U.S. Consumer Sentiment Fell as Caution Continued

TODAY: April 29, 2016 PUB DATE: April 29, 2016

WASHINGTON?A closely watched gauge of U.S. consumer sentiment continued to decline in April, the latest evidence of growing caution about the economy's momentum. The University of Michigan final consumer-sentiment index for April, released on Friday, was 89.0, down from March's ...

Telefonica Doesn't Rule Out O2 Deal Falling Through

TODAY: April 29, 2016 PUB DATE: April 29, 2016

By Jeannette Neumann MADRID--Telefonica SA (TEF.MC) executives on Friday left open the possibility that European Union regulators could halt its sale of U.K. unit O2 to rival CK Hutchison Holdings Ltd (0215.HK). "A negative decision can't be disregarded," Chairman Jose ...

Canada GDP Declines in February

TODAY: April 29, 2016 PUB DATE: April 29, 2016

OTTAWA?Canada's economic output shrank in February for the first time in five months, led by declines in wholesale trade and manufacturing, and tempering a recent string of encouraging data. Gross domestic product, the broadest indicator of goods and services produced ...

Sri Lanka Gets $1.5 Billion IMF Loan

TODAY: April 29, 2016 PUB DATE: April 29, 2016

COLOMBO, Sri Lanka?Sri Lanka and the International Monetary Fund said Friday they had reached a $1.5 billion loan deal to stave off a financial crisis in the Indian Ocean island nation. Sri Lanka's foreign-exchange reserves have dwindled in recent months ...

Portugal Gets Lifeline From DBRS Rating Affirmation

TODAY: April 29, 2016 PUB DATE: April 29, 2016

By Patricia Kowsmann LISBON -- Ratings agency DBRS Ltd. on Friday affirmed a key credit rating for Portugal, easing fears that the country could soon be faced with a new funding crisis. Canada-based DBRS confirmed Portugal's sovereign debt rating at ...