FBI to Investigate Internal Revenue Data Breach

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Devlin Barrett The Federal Bureau of Investigation has opened an investigation into the theft of tax return information from the Internal Revenue Service, an escalation of the government's response to the identity-theft scheme. An FBI spokesman said on Thursday ...

Hungary To Buy Residential Power Supply Assets from RWE

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Margit Feher BUDAPEST--Hungary's government signed a letter of intent with German utility company RWE AG (RWE.XE) about buying the residential power supply assets of the German firm's two Hungarian subsidiaries, Hungary said Thursday. The acquisition will enable the Hungarian ...

MARKET SNAPSHOT: U.S. Stocks End Lower Amid Rate-hike Worries

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Anora Mahmudova and Sara Sjolin, MarketWatch Nasdaq retreats from record level U.S. stocks ended Thursday's choppy session slightly lower as investors grappled with comments from Federal Reserve officials about the possibility of raising interest rates this year. John Williams, ...

Avago's Pending Broadcom Purchase Taps Arcane Tax Structure

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Liz Hoffman Avago Technologies Ltd.'s pending takeover of Broadcom Corp. taps an arcane tax structure that has being dusted off amid a rise in cross-border mergers. Avago said it is prepared to offer Broadcom shareholders special partnership units that ...

Tax Identity Theft Victims Cite Woes With IRS

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Laura Saunders The Internal Revenue Service's announcement Tuesday of a data breach affecting more than 100,000 households has prompted fresh complaints from victims of tax identity theft about delayed refunds, red tape, cumbersome IRS procedures and continued effects on ...

Nationalist Party Leader to Become Finland's Foreign Minister

TODAY: May 28, 2015 PUB DATE: May 28, 2015

HELSINKI—The euroskeptic leader of Finland's nationalist party, the Finns Party, will become foreign minister in a three-way coalition cabinet that has vowed to repair the country's recession-choked economy through deep spending cuts. The Finns Party leader, Timo Soini, will serve ...

Sunac Drops Kaisa Takeover Plan--Update

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Esther Fung SHANGHAI-- Sunac China Holdings Ltd. terminated its $1.19 billion deal to acquire Kaisa Group Holdings Ltd., ending a struggle for control of a property developer that had defaulted on its loans and bond payments earlier this year. ...

Sunac Drops Kaisa Takeover Plan

TODAY: May 28, 2015 PUB DATE: May 28, 2015

SHANGHAI—Chinese property developer Sunac China Holdings Ltd. said Thursday it is terminating its takeover attempt of Shenzhen-based Kaisa Group Holdings Ltd., a struggling property developer that defaulted on its loans and bond payments earlier this year. "After careful consideration of ...

Avago Agrees to Buy Broadcom for $37 Billion -- 2nd Update

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Dana Mattioli, Dana Cimilluca and Shayndi Raice Chip maker Avago Technologies Ltd. agreed to buy rival Broadcom Corp. for $37 billion in cash and stock, the latest in a wave of deals for the companies that supply parts to ...

CURRENCIES: Dollar Taps A 12-year High Against Yen

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Hiroyuki Kachi Analysts on the lookout for uneasy U.S., Japan officials The dollar hit its highest level in more than 12 years against the yen in Asia Thursday, with the U.S. currency's rapid pace of gains putting market participants ...

Chevron Sells Stake in New Zealand Refinery

TODAY: May 28, 2015 PUB DATE: May 28, 2015

WELLINGTON, New Zealand—Chevron Corp.—the second-biggest U.S. oil producer by market value after Exxon Mobil Corp—has further reshaped its Asia-Pacific footprint by selling a stake in the operator of New Zealand's sole refinery. Chevron raised more than 82 million New Zealand ...

Greece Aims to Strike Deal With Creditors by Sunday

TODAY: May 28, 2015 PUB DATE: May 28, 2015

ATHENS—Greece aims to have an agreement with its international creditors by Sunday, a government spokesman said Thursday, despite warnings from Germany and other creditors that Greece is still far from offering sufficient economic overhauls to unlock bailout cash. "The optimism ...

Norway Oil Fund Would Exit Coal-Exposed Firms Under Deal

TODAY: May 28, 2015 PUB DATE: May 28, 2015

OSLO—Norway's sovereign-wealth fund, the world's biggest, would shed its holdings in companies and utilities that have heavy exposure to coal in a move to reduce climate risk, according to a deal reached in the parliament Wednesday. The deal calls for ...

Belgium May Inflation Highest Annual Rate Since April 2014

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Laurence Norman BRUSSELS--Belgium's annual consumer price index rose at the fastest rate in more than a year in May, registering an annual gain of 0.56%, compared with a 0.29% increase in April, the country's central bank said. It's the ...

Avago to Buy Broadcom for $37 Billion

TODAY: May 28, 2015 PUB DATE: May 28, 2015

Chip maker Avago Technologies Ltd. agreed to buy rival Broadcom Corp. for $37 billion in cash and stock, the latest in a wave of deals for the companies that supply parts to power smartphones, tablets and other gadgets. Avago will ...

CURRENCIES: Dollar Rises To 12-year High Against Yen

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Joseph Adinolfi and Sara Sjolin, MarketWatch , Hiroyuki Kachi Analysts expect more upside potential for the buck The dollar rose to its highest level against the yen in more than 12 years on Thursday -- and analysts said that ...

U.S. Stocks Pulling Back on Heels of Weaker Europe Markets

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Dan Strumpf U.S. stocks fell Thursday, pulling back one day after the Nasdaq Composite notched a record high. The Dow Jones Industrial Average fell 91 points, or 0.5%, to 18071 in morning trading. The S&P; 500 declined 10 points, ...