Oil Extends Losses in Asia

TODAY: March 29, 2015 PUB DATE: Dec. 12, 2014

Crude-oil futures extended losses in Asian trade Friday and the U.S. oil benchmark remained below the $60 a barrel mark after breaching the key support level overnight for the first time in more than five years. On the New York ...

Ruble Hits Fresh Record Lows

TODAY: March 29, 2015 PUB DATE: Dec. 12, 2014

By Andrey Ostroukh MOSCOW--The Russian ruble hit fresh record lows early Friday, pressured by a further drop in oil prices and the country's sluggish economic outlook. The new rout in the ruble comes the day after the central bank showed ...

Taking Stock of Shanghai's Rally -- Barron's Asia

TODAY: March 29, 2015 PUB DATE: Dec. 12, 2014

By Mole Hau China's recent stock-market rally, after a multi-year bear-market slumber, has been remarkable. The benchmark Shanghai Composite Index is up 45% since late July and up 20% in the past month, alone. Perhaps equally remarkable is the fact ...

Hargreaves Services Shares Plunge on Coke Plant Closure

TODAY: March 29, 2015 PUB DATE: Dec. 12, 2014

By Tapan Panchal LONDON--Shares of Hargreaves Services PLC (HSP.LN) plunged by more than 14% in early trade Friday after the energy and commodities company said that it will proceed with the closure of a coke plant in Monckton, England, due ...

MetLife to Buy Back $1 Billion More in Shares as Ruling Awaits

TODAY: March 29, 2015 PUB DATE: Dec. 12, 2014

By Leslie Scism MetLife. Inc. said its board has approved another $1 billion purchase of its common stock, as the company expects to be named "systemically important" by a new panel of federal regulators and therefore potentially subject to stiff ...

Markets Slide Further on Oil Shock -- 4th Update

TODAY: March 29, 2015 PUB DATE: Dec. 12, 2014

By Josie Cox Oil's persistent slide continued to spur global financial market losses Friday, sending currencies in Russia and Norway to fresh multiyear lows, and stocks in energy companies tumbling. The ruble surpassed 57 against the dollar for the first ...

Mexico's Industrial Production Rose in October

TODAY: March 29, 2015 PUB DATE: Dec. 12, 2014

By Anthony Harrup MEXICO CITY--Mexico's industrial production rose in October from September, and was higher than a year before with manufacturing and construction offsetting a drop in oil production. Industrial output rose 2.1% from October of 2013, the National Statistics ...

Markets Slide Further on Oil Shock -- 4th Update

TODAY: March 29, 2015 PUB DATE: Dec. 12, 2014

By Josie Cox Oil's persistent slide continued to spur global financial market losses on Friday, sending currencies in Russia and Norway to fresh multiyear lows and causing sharp losses to the major European equity indexes. The ruble surpassed 58 against ...

Reuters/Michigan Mid-December Sentiment Rises to 93.8 -- Update

TODAY: March 29, 2015 PUB DATE: Dec. 12, 2014

By Josh Mitchell Americans' confidence surged to a new postrecession high this month, a survey showed Friday, boosting hopes for stronger consumer spending in coming months as gasoline prices tumble. The Thomson-Reuters/University of Michigan preliminary index of consumer sentiment rose ...

FDA Approves Eli Lilly's Cyramza for Lung Cancer

TODAY: March 29, 2015 PUB DATE: Dec. 12, 2014

By Angela Chen The U.S. Food and Drug Administration has approved Eli Lilly Co.'s Cyramza to treat non-small cell lung cancer, the most common type of lung cancer. This form of cancer occurs when cancer cells form in the tissues ...

Fitch Downgrades France Credit Rating -- Update

TODAY: March 29, 2015 PUB DATE: Dec. 12, 2014

By William Horobin Fitch Ratings downgraded France's credit rating Friday, emphasizing repeated slippages in President François Hollande's attempts to repair the country's public finances. The ratings firm cut France's rating to AA from AA+, bringing the country on a par ...

Berkshire Hathaway Buys Charter Brokerage From Arsenal Capital

TODAY: March 29, 2015 PUB DATE: Dec. 12, 2014

By Maria Armental Warren Buffett's Berskshire Hathaway Inc. (BRKA) is buying Charter Brokerage, a third-party logistics provider to the petroleum and chemical industries, the company said Friday. Terms of the deal with Arsenal Capital Partners weren't disclosed. The New York ...

Lending Club Shares Rise in Market Debut--5th Update

TODAY: March 29, 2015 PUB DATE: Dec. 12, 2014

By Corrie Driebusch, Ianthe Jeanne Dugan and Telis Demos Shares of Lending Club Corp surged 56% from their initial public offering price Thursday--a strong debut for the first publicly traded peer-to-peer lendingcompany. That first-day pop left Lending Club at a ...

China November Industrial Output Growth Slows -- Update

TODAY: March 29, 2015 PUB DATE: Dec. 12, 2014

BEIJING--China's economy showed fresh signs of weakness in November as industrial output growth slid to a three-month low and investment extended its sluggish trend. The weak economic data may have been partly the result of factory shutdowns across a wide ...

Ruble Hits Fresh Record Lows --Update

TODAY: March 29, 2015 PUB DATE: Dec. 12, 2014

By Andrey Ostroukh MOSCOW--The Russian ruble hit fresh record lows early Friday, pressured by a further drop in oil prices and the country's sluggish economic outlook. The new rout in the ruble comes the day after the central bank showed ...

China Economic Growth Bottom Line At 7% in 2015

TODAY: March 29, 2015 PUB DATE: Dec. 12, 2014

BEIJING--China has set a bottom line of 7% for economic growth in 2015 and a pace below that level would hurt confidence in the world's second largest economy, a government researcher said in an interview with the official Shanghai Securities ...

Baidu To Invest In U.S. Ride-Sharing App Uber - China State Media

TODAY: March 29, 2015 PUB DATE: Dec. 12, 2014

Chinese Internet giant Baidu Inc. will make a strategic investment in ride-sharing app Uber Technologies Inc., China National Radio reported Friday. Baidu spokesman Kaiser Kuo said he couldn't confirm nor deny any rumors, but he said that Baidu will announce ...