CURRENCIES: Dollar Jumps Against Yen After BOJ's Easing Surprise

TODAY: Nov. 1, 2014 PUB DATE: Oct. 31, 2014

By Hiroyuki Kachi The dollar jumped against the yen in Asia trade Friday, hitting its highest level in nearly seven years after the Bank of Japan unexpectedly moved to ease its monetary grip. The dollar (USDJPY) soared to Yen111.17 from ...

British Grow Less Confident in Economy

TODAY: Nov. 1, 2014 PUB DATE: Oct. 31, 2014

LONDON--The British people are growing less confident about the economy's prospects, two recent data releases show, despite the U.K. continuing to deliver better economic performance than many other big Western economies. Data released Friday by market-research firm GfK Group found ...

Germany's Lanxess Plans To Shed Up To 1,200 Jobs--Report

TODAY: Nov. 1, 2014 PUB DATE: Oct. 31, 2014

By Ulrike Dauer German specialty chemicals producer Lanxess AG (LXS.XE) plans to axe up to 1,200 jobs in its latest cost-cutting plan announced this summer, German daily Rheinische Post reports, citing people close to the company. Jobs will be shed ...

BOJ Unexpectedly Eases Policy

TODAY: Nov. 1, 2014 PUB DATE: Oct. 31, 2014

TOKYO--The Bank of Japan on Friday unexpectedly announced additional stimulus measures, bolstering its asset purchases for the first time in over a year and a half, as its 2% inflation target looks increasingly untenable. The move underscores how Prime Minister ...

U.S. Employment Costs Rose 0.7% in Third Quarter

TODAY: Nov. 1, 2014 PUB DATE: Oct. 31, 2014

By Ben Leubsdorf and Josh Mitchell WASHINGTON--U.S. employers' labor costs picked up this summer for the second straight quarter, a sign that worker pay could finally break out of its postrecession pattern of sluggish growth. The employment-cost index, a broad ...

How to Pump Up a Roth IRA

TODAY: Nov. 1, 2014 PUB DATE: Oct. 31, 2014

By Liz Moyer High-income earners have a new incentive to make after-tax contributions to a 401(k) plan: They can later shift the money into a Roth individual retirement account, tax-free. Thanks to a recent Internal Revenue Service ruling, eligible employees ...

Thailand Manufacturing Output in September Drops on Weak Auto, HDD Exports

TODAY: Nov. 1, 2014 PUB DATE: Oct. 31, 2014

By Warangkana Chomchuen BANGKOK - Thailand's manufacturing output contracted in September as weak export demand hit production of vehicles and hard-disk drives, but utilization of factories continued to improve, according to government data released Friday. The Manufacturing Production Index - ...

Strong Dollar Adds to Oil's Woes

TODAY: Nov. 1, 2014 PUB DATE: Oct. 31, 2014

By Cassie Werber Crude-oil prices were lower Friday as a rising dollar put pressure on the market. "The optimism in the financial markets isn't only supporting share prices but is also bullish for the dollar," wrote David Hufton and Tamas ...

MOL Signs $1.55 Billion Revolving Credit Facility With 15 Banks

TODAY: Nov. 1, 2014 PUB DATE: Oct. 31, 2014

BUDAPEST--Hungary-based oil and gas firm MOL Nyrt. (MOL.BU) signed a revolving credit facility of up to $1.55 billion with 15 banks Thursday, the company announced in a stock exchange filing Friday. MAIN FACTS: - The new facility refinances MOL's 500 ...

Consumer Spending Falls for First Time Since January--Update

TODAY: Nov. 1, 2014 PUB DATE: Oct. 31, 2014

By Josh Mitchell WASHINGTON--Americans abruptly cut spending last month, raising doubts about the economy's ability to maintain the sturdy growth of the summer. Overall household spending fell 0.2% from August, the first decline since January and only the third since ...

BOE Sets New Capital Standards for Biggest U.K. Banks

TODAY: Nov. 1, 2014 PUB DATE: Oct. 31, 2014

LONDON--Britain's biggest banks will be subject to tougher new capital requirements from 2019 under plans announced on Friday by the Bank of England. The central bank's Financial Policy Committee said it proposes the U.K.'s biggest lenders will be required to ...

U.S. Sanctions Myanmar Lawmaker Ahead of Obama Visit

TODAY: Nov. 1, 2014 PUB DATE: Oct. 31, 2014

By William Mauldin WASHINGTON--The U.S. has imposed sanctions on a Myanmar lawmaker and businessman linked to attacks on Myanmar's democratic opposition. The new sanctions, announced Friday, come days before President Barack Obama is scheduled to visit the Southeast Asian country, ...

Byron Wien: Slow Growth Good for Stock Market -- -2-

TODAY: Nov. 1, 2014 PUB DATE: Oct. 31, 2014

fight ISIS has gone nowhere. I got the feeling that no country (especially Saudi Arabia and the United Arab Emirates) in the Middle East, other than those already committed, wants to get involved militarily in the conflict with ISIS. There ...

MARKET SNAPSHOT: U.S. Stocks Rally; Dow Up Triple-digits

TODAY: Nov. 1, 2014 PUB DATE: Oct. 31, 2014

By Barbara Kollmeyer and Anora Mahmudova, MarketWatch NEW YORK (MarketWatch) -- The U.S. stock market rallied on Friday, sending the S&P; 500 and Dow Jones Industrial Average into record territory, after a surprise fresh stimulus from the Bank of Japan. ...

MARKET SNAPSHOT: S&P 500, Dow Close At Record Levels

TODAY: Nov. 1, 2014 PUB DATE: Oct. 31, 2014

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- The U.S. stock market rallied on Friday, sending the S&P; 500 and Dow Jones Industrial Average into record territory, after a surprise stimulus plan from the Bank of Japan ...