Russian Economy Contracts 1.9% on Year in First Quarter

TODAY: Aug. 3, 2015 PUB DATE: May 15, 2015

By Andrey Ostroukh MOSCOW--Russia's economy contracted by 1.9% in the first quarter compared with the year-earlier period, the Federal Statistics Service said Friday. Russia's oil-dependent economy is entering into recession this year for the first time since 2009, hit by ...

U.S. Industrial Production Falls for Fifth Straight Month -2nd Update

TODAY: Aug. 3, 2015 PUB DATE: May 15, 2015

By Kate Davidson WASHINGTON--U.S. industrial production fell for the fifth consecutive month in April, suggesting weak global demand, a stronger dollar and lower oil prices continue to limit output. Industrial production, which measures the output of U.S. manufacturers, utilities and ...

Pepco, Exelon Win Conditional Merger Approval In Maryland

TODAY: Aug. 3, 2015 PUB DATE: May 15, 2015

By Lisa Beilfuss Pepco Energy Services Inc.'s $6.8 billion takeover by Exelon Corp. has been conditionally approved by the Maryland Public Service Commission, bringing the companies a step closer to merging. Shares in Pepco rallied 8% on the news, while ...

DBRS Cuts Greece's Rating

TODAY: Aug. 3, 2015 PUB DATE: May 15, 2015

Ratings service DBRS Inc. on Friday cut its rating on Greece, citing uncertainty over whether the country will be able reach an agreement with its creditors and stay current on its debt. DBRS cut its long-term foreign and local currency ...

Sunac Poised to Sweeten Offer to Kaisa's Bondholders

TODAY: Aug. 3, 2015 PUB DATE: May 15, 2015

HONG KONG--The fight over a troubled Chinese property developer is intensifying as a onetime white knight is poised to sweeten its offer to foreign investors, seeking to trump an offer from the company's chairman. Sunac China Holdings Ltd., a Chinese ...

Proxy Firms Urge Intel Shareholders to Vote No on eBay's Donahoe

TODAY: Aug. 3, 2015 PUB DATE: May 15, 2015

By Don Clark And Joann S. Lublin Two influential proxy advisory firms have urged Intel Corp. shareholders to vote against the re-election of director John Donahoe, eBay Inc.'s president and chief executive, citing what they characterized as a poor attendance ...

Malaysia 1Q GDP +5.6% on Year; Above View

TODAY: Aug. 3, 2015 PUB DATE: May 15, 2015

By Jason Ng KUALA LUMPUR--Malaysia's economic growth moderated slightly in the first three months of the year mainly due to lower exports, though resilient private-sector consumption and investment continued to drive domestic demand. Gross domestic product grew 5.6% in January ...

U.S. Industrial Production-Historical

TODAY: Aug. 3, 2015 PUB DATE: May 15, 2015

Changes in percent from prior month, except where noted. R denotes revised. M-O-M denotes month on month. Y-O-Y denotes year over year. Source: U.S. Federal Reserve. Total Index Manufacturing Index M-O-M Y-O-Y M-O-M Y-O-Y % Cap Utilization Month Level % ...

Russian Economy Contracts Less Than Expected -- Update

TODAY: Aug. 3, 2015 PUB DATE: May 15, 2015

By Andrey Ostroukh MOSCOW--Russia's economy contracted less than economists predicted in the first quarter, data showed Friday, appearing to confirm the government's optimism that Western sanctions and a drop in oil prices won't cause a deep recession. Gross domestic product ...

Cameron Seeks to Reassure Scotland on Pledges--Update

TODAY: Aug. 3, 2015 PUB DATE: May 15, 2015

By Jenny Gross and Jason Douglas LONDON--British Prime Minister David Cameron moved to reassure Scotland that he would deliver on promises to make it one of the most powerful devolved parliaments in the world, amid increasing distrust by Scots of ...

U.S. Industrial Production Falls for Fifth Straight Month

TODAY: Aug. 3, 2015 PUB DATE: May 15, 2015

WASHINGTON--U.S. industrial production fell for the fifth consecutive month in April, suggesting weak global demand, a stronger dollar and lower oil prices continue to limit output. Industrial production, which measures the output of U.S. manufacturers, utilities and mines, decreased a ...

Strong Dollar Makes U.S. Real Estate Less Attractive to Foreigners

TODAY: Aug. 3, 2015 PUB DATE: May 15, 2015

By Eric Morath A strengthening dollar is putting the haven of U.S. homeownership out of reach for some foreign investors. After years of finding bargains in a down real-estate market, some purchasers from abroad now face sharply higher housing prices ...

Merger of Pepco and Exelon Approved in Maryland -- 2nd Update

TODAY: Aug. 3, 2015 PUB DATE: May 15, 2015

By Lisa Beilfuss Pepco Energy Services Inc.'s $6.8 billion takeover by Exelon Corp. has been conditionally approved by the Maryland Public Service Commission, bringing the companies a step closer to merging a year after agreeing to do so. Shares in ...

SABMiller PLC Acquisition

TODAY: Aug. 3, 2015 PUB DATE: May 15, 2015

TIDMSAB RNS Number : 2446N SABMiller PLC 15 May 2015 15 May 2015 SABMiller to enter UK craft beer market with acquisition of Meantime Brewing Company SABMiller is to become the new owner of London-based modern craft brewer Meantime Brewing ...

Economists' Forecast: Here We Grow Again

TODAY: Aug. 3, 2015 PUB DATE: May 15, 2015

By Kathleen Madigan After a rough start to the year, economists are counting on the U.S. to bounce back in 2015 much like it did in 2014. Forecasters in the latest Wall Street Journal survey estimated the U.S. economy contracted ...