Norway Expects Oil, Ukraine to Damp Growth

TODAY: Dec. 21, 2014 PUB DATE: Sept. 4, 2014

OSLO--Norway's growth will be moderate in 2014 and 2015, Statistics Norway said Thursday, as domestic oil-sector spending is set to decline and the Ukraine crisis hampers European growth. The statistics agency expects Norway's mainland gross domestic product, which strips out ...

MARKET SNAPSHOT: S&P 500, Dow Hit Intraday Record Highs

TODAY: Dec. 21, 2014 PUB DATE: Sept. 4, 2014

By Anora Mahmudova, Carla Mozee and Victor Reklaitis, MarketWatch NEW YORK (MarketWatch) -- European Central Bank's surprise interest-rate cuts and new bond-buying program sent the S&P; 500 and Dow Jones Industrial Average to intraday record highs. Markets took the rate ...

Gold Slips on Dollar Strength -- Update

TODAY: Dec. 21, 2014 PUB DATE: Sept. 4, 2014

By Tatyana Shumsky NEW YORK--Gold ended lower on Thursday as investors weighed the impact of the European Central Bank's more accommodative policy stance, while palladium posted its steepest gain in nearly three months on escalating tensions between Russia and Ukraine. ...

Lawyers Spar Over Viability of Detroit Bankruptcy Plan at Trial

TODAY: Dec. 21, 2014 PUB DATE: Sept. 4, 2014

By Matthew Dolan DETROIT--Holdout creditors in the nation's largest municipal bankruptcy case struck back Wednesday, arguing in court that the city's proposed debt-cutting plan isn't feasible and doesn't treat creditors fairly. But the second day of a trial on the ...

Malaysia Minister Says 2014 Economic Growth Will Exceed 5.0%-5.5% Forecast

TODAY: Dec. 21, 2014 PUB DATE: Sept. 4, 2014

By Jason Ng KUALA LUMPUR--Malaysia's economic expansion will likely exceed the government's forecast of 5.0%-5.5% this year after strong growth in the first six months of the year, its economy minister said Thursday. The Southeast Asian economy unexpectedly accelerated in ...

German July Factory Orders Rise 4.6% on Month, Beating Forecast

TODAY: Dec. 21, 2014 PUB DATE: Sept. 4, 2014

By Todd Buell FRANKFURT--German factory orders rose far more than expected in July, data from the country's economy ministry showed Thursday. In adjusted terms, orders grew by 4.6% on the month, beating expectations of a 1.2% increase in a Dow ...

Oil Prices Fall on Dollar Strength

TODAY: Dec. 21, 2014 PUB DATE: Sept. 4, 2014

By Nicole Friedman Oil prices slid Thursday as a stronger U.S. currency weighed on the dollar-denominated commodity and U.S. oil supplies fell less than expected. Light, sweet crude for October delivery fell $1.09, or 1.1%, to $94.45 a barrel on ...

U.S. 30-Year Fixed Mortgage Rate Flat

TODAY: Dec. 21, 2014 PUB DATE: Sept. 4, 2014

Average 30-year fixed mortgage rates in the U.S. were flat in the latest week, according to mortgage-finance company Freddie Mac (FMCC). Overall, mortgage rates were little changed during the period, in which economic reports were light, Freddie Mac Chief Economist ...

U.S. Productivity Rose 2.3% in 2Q, Revised Estimate Shows -- Update

TODAY: Dec. 21, 2014 PUB DATE: Sept. 4, 2014

By Jonathan House WASHINGTON--The productivity of U.S. workers improved by less than previously estimated in the second quarter, a new indication the economy is not getting a big lift from gains in efficiency. Nonfarm labor productivity, or output per hour ...

Private Businesses Create 204,000 in August, ADP Says

TODAY: Dec. 21, 2014 PUB DATE: Sept. 4, 2014

By Kathleen Madigan U.S. businesses slowed their pace of hiring in August, according to an employment survey released Thursday. The survey, along with other job-related news, suggests a firming but not robust labor market. Private payrolls in the U.S. increased ...

Press Release: NMI(R) at 59.6%; August -3-

TODAY: Dec. 21, 2014 PUB DATE: Sept. 4, 2014

The ISM(R) Non-Manufacturing Imports Index grew in August for the sixth consecutive month. This month's reading at 51 percent is 3.5 percentage points lower than the 54.5 percent that was reported in July. Fifty-seven percent of respondents reported that they ...

EU's Foreign Policy Chief Pick Unlikely to Trigger Abrupt Change

TODAY: Dec. 21, 2014 PUB DATE: Sept. 4, 2014

By Laurence Norman BRUSSELS--Italy's Foreign Minister Federica Mogherini made an auspicious start to her tenure as the incoming European Union foreign policy chief. After a summer of uncertainty over whether she would win the post and broad murmurings of discontent ...

Sao Paulo CPI Rises in August

TODAY: Dec. 21, 2014 PUB DATE: Sept. 4, 2014

By Rogerio Jelmayer SAO PAULO--Sao Paulo's consumer price index more than doubled in August compared with July, mainly due to the rise in housing and transportation prices. CPI rose 0.34% in August compared with a 0.16% rise in July, the ...

Scotland's Financial Industry Unfazed as Independence Polls Narrow

TODAY: Dec. 21, 2014 PUB DATE: Sept. 4, 2014

By Juliet Samuel And Max Colchester LONDON--A surge in enthusiasm for Scotland splitting from the U.K. is having little impact on the country's sizable financial sector, according to the head of the trade body representing Scottish finance. "They've (the polls) ...

Correction to Jobless Claims Story

TODAY: Dec. 21, 2014 PUB DATE: Sept. 4, 2014

The story "U.S. Jobless Claims Rose 4K Last Week," published at 8:30 a.m. EDT, incorrectly stated the number of people continuing to draw unemployment benefits. The number fell to 2,464,000 for the week ended Aug. 23. (END) Dow Jones Newswires ...

U.S. Productivity Rose 2.3% in 2Q

TODAY: Dec. 21, 2014 PUB DATE: Sept. 4, 2014

WASHINGTON-The productivity of U.S. workers improved by less than previously estimated in the second quarter, a new indication the economy's spring rebound could lose momentum in the months ahead. Nonfarm labor productivity, or output per hour worked, rose at a ...

WPP's Unit JWT Buys Digital Agency Try in Brazil

TODAY: Dec. 21, 2014 PUB DATE: Sept. 4, 2014

LONDON--Advertising firm WPP PLC (WPP.LN) said Thursday that its operating company JWT, the marketing communications agency, has acquired a majority stake of Cairos Usabilidade Eireli (Try), for an undisclosed sum. Cairos Usabilidade Eireli or Try, is a user experience agency ...