Judge Presses Both Sides in Battle Over Sysco Merger

TODAY: May 29, 2015 PUB DATE: May 29, 2015

WASHINGTON—A federal judge heard lively closing arguments Thursday in the government's challenge to the planned merger of rival food distributors Sysco Corp. and US Foods Inc., pressing both sides on potential weaknesses in their positions. After more than three hours ...

Dollar Lower Against Yen on Profit Taking

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Hiroyuki Kachi The dollar was drifting lower against the yen in Asia trade Friday, with some investors locking in profits ahead of the weekend following this week's high-profile rally. Around 0450 GMT, the dollar was at Y123.77, compared with ...

Swiss KOF Economic Indicator Edges Higher in May

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Neil MacLucas ZURICH--Switzerland's KOF leading economic indicator edged higher in May on signs the country's manufacturers are coming to terms with the negative affects of a stronger Swiss franc. The index rose 3.3 points to 93.1 in May from ...

German Retail Sales Grow Faster Than Expected in April

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Emese Bartha FRANKFURT--German retail sales rose faster than expected in April, supporting views that private consumption is likely to remain a solid pillar to economic growth in Europe's largest economy. Retail sales in April increased 1.7% in real adjusted ...

MARKET SNAPSHOT: U.S. Stock Futures Drop As A Skittish Market Waits For GDP Data

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Barbara Kollmeyer, MarketWatch U.S. stock futures were struggling to contain losses on Friday, pressured by European declines and some jitters ahead of revised growth data. European stocks (http://www.marketwatch.com/story/european-stocks-drop-as-greece-worries-persist-but-stocks-looking-at-monthly-win-2015-05-29) fell as a deadline approached for Greece to make a debt ...

Canada's Economy Contracts in the First Quarter

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Paul Vieira OTTAWA--Canada's economy contracted in the first quarter as lower oil prices reduced business investment in the energy sector and household spending stalled. Gross domestic product declined 0.6% on an annualized basis in the quarter, to 1.762 trillion ...

Data Giant Equinix to Acquire Telecity

TODAY: May 29, 2015 PUB DATE: May 29, 2015

LONDON—U.S. data center operator giant Equinix Inc. on Friday won a scramble to acquire U.K.-based peer Telecity Group PLC in a cash and share offer worth £2.35 billion ($3.60 billion), cementing the industry's consolidation in Europe amid swelling demand for ...

Cameron, Merkel Seek Common Ground Over EU Reform

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Anton Troianovski BERLIN--German Chancellor Angela Merkel and U.K. Prime Minister David Cameron pledged Friday to seek common ground amid Britain's threat to leave the European Union. "I've already said in the past that where there is a will, there ...

Thailand's Economic Recovery Remains Slow and Fragile in April

TODAY: May 29, 2015 PUB DATE: May 29, 2015

Nopparat Chaichalearmmongkol BANGKOK--Thailand's economy hadn't emerged from months of sluggishness in April, as the recovery continued to be slow and fragile, the Bank of Thailand said Friday. The country's private consumption index slipped 0.2% % from a year ago in ...

Canada Average Weekly Earnings Climb 2.8% in March on 12-Month Basis

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Paul Vieira OTTAWA--Canada's average weekly earnings rose in March on an annual basis by 2.8%, on gains in pay in the wholesale trade, professional services and manufacturing sectors, Statistics Canada said Friday. Year-over-year growth in average weekly earnings outpaced ...

Intel Said Near $15 Billion Deal to Buy Altera -- Update

TODAY: May 29, 2015 PUB DATE: May 29, 2015

Intel Corp. (INTC) is nearing a deal to buy chip-making rival Altera Corp. (ALTR) for about $15 billion, The New York Post reported late Thursday, citing a person close to the matter. The bid could be for as much as ...

England's Bank Fines Are a Boon for a Happy Few

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Margot Patrick LONDON--The coming 600th anniversary of the Battle of Agincourt, where King Henry V led England to an underdog victory over France during the 100 Years War, looked like it would come and go with little fanfare. Historians ...

U.S. Stocks Open Lower

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Corrie Driebusch U.S. stocks fell Friday after data showed a contracting U.S. economy and that consumers remain cautious. The new data confirmed that the U.S. economy hit a slow patch in the first quarter, and called into question the ...

European Stocks Fall on Greece Jitters

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Tommy Stubbington European stocks fell sharply Friday, pummeled by concerns over the future of Greece and fresh signs that the U.S. economy is struggling to lift off. The Stoxx Europe 600 ended the session 1.7% lower, deepening the previous ...

Eurozone Inflation Likely Turned Positive in May

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Jon Sindreu LONDON--Inflation in the eurozone likely turned positive in May for the first time in six months, economists say. Analysts polled this week by The Wall Street Journal believe official data, due Tuesday, will show consumer prices rose ...

Ukraine Bondholders Detail Restructuring Proposal

TODAY: May 29, 2015 PUB DATE: May 29, 2015

Bondholders negotiating a restructuring deal with Ukraine proposed a mixture of debt extensions and interest-payment cuts earlier this month, according to a person familiar with the matter. The creditor committee of four firms that own roughly $8.9 billion of Ukraine's ...

Snapchat Discloses $650 Million Private Placement

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Lisa Beilfuss Snapchat Inc. disclosed it has offered to sell $650 million of stock in a private placement, an opportunity for the company and insiders to profit from the messaging company's popularity. According to a filing Friday with the ...

Humana Considers Sale of Company

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Liz Hoffman, Dana Mattioli and Dana Cimilluca Health insurer Humana Inc. is considering selling the company, a move that could trigger a widely anticipated wave of consolidation in the industry. Humana has received indications of takeover interest and is ...

Cameron, Merkel Seek Common Ground Over EU Revamp -- Update

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Anton Troianovski BERLIN--German Chancellor Angela Merkel signaled Friday that she was open to discuss rule changes--within limits--that would keep Britain as part of the European Union. But U.K. Prime Minister David Cameron ran into greater resistance to his overhaul ...