Wanted in China: Public Face to Calm Turbulent Markets

TODAY: July 28, 2015 PUB DATE: July 28, 2015

BEIJING?Wanted in China: a reassuring face to tell panicking investors that everything will be all right. Since China's stock boom turned bust more than a month ago, the Chinese government has put out measure after measure to stanch the bleeding. ...

Stocks Steady as China Bounces Back -- 2nd Update

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Tommy Stubbington Global stock markets steadied on Tuesday after heavy declines, as Chinese shares bounced back from their lows in another roller coaster session ahead of a much anticipated Federal Reserve meeting. In Europe, the Stoxx Europe 600 was ...

Merck Reports Better-Than-Seen Profits, Buy Of Cancer Drug Maker

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Angela Chen Merck & Co. agreed to buy a privately held developer of cancer immunotherapies for at least $95 million and raised its per-share earnings guidance for the year after reporting better-than-expected profits for the June quarter amid lower ...

Reynolds American Lifts Earnings Outlook -- Update

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Chelsey Dulaney Reynolds American Inc. on Tuesday lifted its earnings outlook for the year as its recent acquisition of Newport-cigarette maker Lorillard Inc. helped drive growth in the second quarter. Reynolds also said it has lifted its dividend and ...

DuPont Trims Outlook on Agricultural Weakness

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Chelsey Dulaney DuPont Co. on Tuesday trimmed its earnings outlook for the year, as weak demand for crop protection and lower corn and soybean volumes weigh on its agricultural business. DuPont is now forecasting operating earnings of $3.90 a ...

Sugar Edges Higher On Tighter Supply

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Julie Wernau Sugar prices edged higher Tuesday on notions of a tighter supply of the sweetener, on track to break above a six-and-half-year low. Raw sugar for October delivery rose 0.3% to 11.27 cents a pound. Prices are down ...

Honeywell Pays $5.1 Billion for German-Based Elster -- Update

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Alex MacDonald LONDON-- Honeywell International Inc. said Tuesday it has agreed to buy German-based energy and water business Elster Group GmbH from the U.K.'s Melrose Industries PLC for GBP3.3 billion ($5.1 billion) in cash. The purchase is in keeping ...

Oil Trading Near Four-Month Lows

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Biman Mukherji HONG KONG--Oil prices are trading near four-month lows on Tuesday as a plunge in Chinese equities battered investment sentiment. The sell off in equities market is being seen as a symptom of a wider economic malaise affecting ...

PartnerRe Swings to a Loss

TODAY: July 28, 2015 PUB DATE: July 28, 2015

Reinsurer PartnerRe Ltd. swung to a second-quarter loss as it reported a sharp drop in revenue and a large loss in investments. The Bermuda-based company, which is at the center of a merger tug of war between Axis Capital Holdings ...

Eastman Chemical Reports Higher Earnings

TODAY: July 28, 2015 PUB DATE: July 28, 2015

Eastman Chemical Co. reported a surprising increase in earnings in its most recent quarter, boosted by recent acquisitions. "Our earnings outlook for the year has improved due to our record second-quarter earnings," said Mark Costa, Eastman Chemical chairman and chief ...

NAB Moves to Sell Remaining Stake in Great Western Bank

TODAY: July 28, 2015 PUB DATE: July 28, 2015

...ustralia--National Australia Bank Ltd. (NAB.AU) has moved to sell its remaining stake in regional U.S. lender Great Western Bancorp Inc. (GWB) as it refocuses on its core Australian and New Zealand fr...

Diageo to Restructure South African and Namibian Operations

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Ian Walker LONDON--Spirits maker Diageo PLC (DGE.LN) Tuesday announced a restructuring of its South African and Namibian operations with its joint-venture partners Heineken Holding N.V. (HEIO.AE) and Ohlthaver & List. Under the deal Diageo, maker of Johnnie Walker, J ...

GKN Raises Aerospace Stakes with Fokker Buy--2nd Update

TODAY: July 28, 2015 PUB DATE: July 28, 2015

(Adds details of GKN share placing, updates share price.) By Robert Wall LONDON-- GKN PLC has agreed to buy the Netherland's historic Fokker Technologies Group BV as the British engineering company deepens its bet on the aerospace sector. The British ...

UK Economy Accelerated in Second Quarter

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Jon Sindreu and Jason Douglas LONDON--The British economy stepped up a gear in the second quarter, lifting growth prospects during the rest of the year but raising questions about how much longer the Bank of England can keep interest ...

Stocks Steady as China Bounces Back -- 3rd Update

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Tommy Stubbington Global stock markets steadied on Tuesday after heavy declines, as Chinese shares bounced back from their lows in another roller coaster session ahead of a much anticipated Federal Reserve meeting. In Europe, the Stoxx Europe 600 was ...

DuPont Trims Outlook on Agricultural Weakness

TODAY: July 28, 2015 PUB DATE: July 28, 2015

...America and tepid soybean volumes weigh on its agricultural business. DuPont is now forecasting operating earnings of $3.90 a share, down 10 cents from its previous forecast, which included its rec...