German Economic Sentiment Slumps in February

TODAY: April 30, 2016 PUB DATE: Feb. 16, 2016

By Nina Adam MANNHEIM--German economic sentiment slumped to its lowest level in almost one-and-a-half years in February, mirroring heightened financial market volatility and a deteriorating global economic outlook, a survey of analysts and institutional investors showed Tuesday. The ZEW indicator ...

U.S. Stocks Rise Despite Fading Rally in Global Markets

TODAY: April 30, 2016 PUB DATE: Feb. 16, 2016

By Riva Gold and Leslie Josephs U.S. stocks rose Tuesday, lifted by a rally in some of this year's most battered sectors, but weakness in energy shares damped the rally. The Dow Jones Industrial Average was up 113 points, or ...

Oil Prices Turn Negative as Saudi, Russia Deal Disappoints

TODAY: April 30, 2016 PUB DATE: Feb. 16, 2016

By Timothy Puko and Miriam Malek Oil prices gave up their early gains on Tuesday, after investors expressed doubt that a preliminary agreement by four of the largest producers to steady output would ease the supply glut. The market had ...

Gold Prices Fall After European Central Bank Reassurances

TODAY: April 30, 2016 PUB DATE: Feb. 16, 2016

By Ira Iosebashvili Gold prices fell Tuesday, as investors turned more optimistic on the global economy after stock markets rallied and the European Central Bank said it stood ready to boost its stimulus if needed. Gold for April delivery, the ...

U.S. Grains, Soybeans Higher as Oil Extends Gains

TODAY: April 30, 2016 PUB DATE: Feb. 16, 2016

By Jesse Newman CHICAGO--U.S. grain and soybean futures rose in early trading Tuesday amid a continued recovery in prices for crude oil. Soybean prices gained, buoyed in part by higher crude oil prices. Rising oil prices tend to lift corn ...

U.S. Stocks Lifted by Rally in Battered Sectors

TODAY: April 30, 2016 PUB DATE: Feb. 16, 2016

By Leslie Josephs The S&P; 500 rallied to its biggest two-session gain since late August, as investors bought shares broadly and favored some of the month's most-battered sectors, like finance and technology. Investors also sold assets perceived as safe, such ...

SEC Wraps Up Investigation Into Caterpillar Parts Business

TODAY: April 30, 2016 PUB DATE: Feb. 16, 2016

The U.S. Securities and Exchange Commission has wrapped up its investigation of Caterpillar Inc.'s replacement parts business, but probes by a federal grand jury and the Internal Revenue Service continue, the construction equipment maker said on Tuesday in a securities ...

Baxalta Reports Profit Decline, Warns for the First Quarter--Update

TODAY: April 30, 2016 PUB DATE: Feb. 16, 2016

By Lisa Beilfuss Baxalta Inc., which last month struck a deal to merge with Shire PLC, said profit dropped in its latest quarter amid spinoff expenses and lower revenue from its hematology portfolio. Fourth-quarter results still exceeded analysts' expectations, but ...

Correction To Baxalta's Earnings Story

TODAY: April 30, 2016 PUB DATE: Feb. 16, 2016

"Baxalta Reports Profit Decline, Warns for the First Quarter," at 8:23 a.m. ET, incorrectly stated that the deal between Shire and Baxalta was a so-called inversion, which is when a U.S. company buys a foreign company and then moves its ...

ECB Won't Hesitate to Boost Stimulus if Needed, Says Draghi

TODAY: April 30, 2016 PUB DATE: Feb. 16, 2016

The European Central Bank won't hesitate to boost its stimulus in March if it believes recent financial-market turmoil or lower oil prices could weigh further on stubbornly low inflation, ECB President Mario Draghi said. "The ECB is ready to do ...

Oil Prices Jump as Saudi, Russian Oil Ministers Are Set to Meet

TODAY: April 30, 2016 PUB DATE: Feb. 16, 2016

By Jenny W. Hsu Crude-oil prices rose in early Asia trade Tuesday on news that the Saudi Arabian and Russian energy ministers are set to meet in Qatar later today to discuss production, stoking speculation of a possible production cut ...

Oil Prices Rise Sharply as Saudis, Russia Talk Production -- Update

TODAY: April 30, 2016 PUB DATE: Feb. 16, 2016

By Jenny W. Hsu Crude-oil prices rose Tuesday as the Saudi Arabian and Russian energy ministers met in Qatar to discuss production, stoking speculation of a production cut or freeze. On the New York Mercantile Exchange, light, sweet crude futures ...

Orange Says Bouygues Talks to Take Several More Weeks

TODAY: April 30, 2016 PUB DATE: Feb. 16, 2016

By Nick Kostov PARIS--Orange SA said discussions with rival Bouygues SA over the purchase of its telecom unit were ongoing and it would be "at least several weeks before a decision is taken," as the former French telecom monopoly reported ...

Carrefour Offices Searched in Pricing Probe

TODAY: April 30, 2016 PUB DATE: Feb. 16, 2016

PARIS?France's antifraud authority searched the offices of Carrefour SA as part of a probe into whether the retailer unfairly squeezed its suppliers to lower prices. The competition and antifraud office searched Carrefour's offices after several suppliers accused the hypermarket chain ...

U.K. Inflation Gathered Steam in January

TODAY: April 30, 2016 PUB DATE: Feb. 16, 2016

LONDON?U. K. annual inflation rose in January to its highest rate in a year, suggesting price growth is set to slowly edge up throughout 2016 as the effect of past drops in commodity prices gradually wears off. Prices went up ...

Baxalta Reports Profit Decline, Warns for the First Quarter

TODAY: April 30, 2016 PUB DATE: Feb. 16, 2016

By Lisa Beilfuss Baxalta Inc., which last month struck a deal to merge with Shire PLC, said profit dropped in its latest quarter amid spinoff expenses and lower revenue from its hematology portfolio. Fourth-quarter results still exceeded analysts' expectations, but ...