Insider-Trading Defendants Allowed to Retract Guilty Pleas -- Update

TODAY: Jan. 25, 2015 PUB DATE: Jan. 23, 2015

By Christopher M. Matthews A federal judge allowed four men to withdraw their insider-trading guilty pleas on Thursday, the latest fallout from a pivotal appeals court ruling in December that has put new limitations on prosecutors' ability to pursue such ...

UBS Says No Major Trading Impact From SNB Move

TODAY: Jan. 25, 2015 PUB DATE: Jan. 23, 2015

By John Letzing ZURICH-- UBS AG said Friday that it hasn't taken a significant hit to its trading revenue as a result of the Swiss National Bank's abrupt scrapping of a cap on the value of the country's currency, though ...

Oil Rebounds on Saudi King's Death, China PMI Data

TODAY: Jan. 25, 2015 PUB DATE: Jan. 23, 2015

By Eric Yep Crude-oil futures rebounded in Asian trade Friday after news of the death of Saudi Arabia's King Abdullah and marginal improvement in China's manufacturing data. On the New York Mercantile Exchange, light, sweet crude futures for delivery in ...

South Korea Growth Slows

TODAY: Jan. 25, 2015 PUB DATE: Jan. 23, 2015

By Kwanwoo Jun SEOUL--South Korea's fourth-quarter growth slowed to its weakest pace in more than two years, as investment dwindles despite two interest rate cuts last year. South Korea's gross domestic product grew a seasonally adjusted 0.4% in the October ...

French Business Confidence Stable in January

TODAY: Jan. 25, 2015 PUB DATE: Jan. 23, 2015

By William Horobin PARIS--French business confidence in the manufacturing sector was stable in January compared to December, skirting just below the long-term average. Confidence in the manufacturing sector stood at 99 in January--just below the long-term average of 100--as business ...

Comcast-Time Warner Cable Deal Faces Scrutiny -- Market Talk

TODAY: Jan. 25, 2015 PUB DATE: Jan. 23, 2015

2237 EST (Dow Jones) Comcast's proposed acquisition of Time Warner Cable is facing intense scrutiny from regulators, and the review is taking longer than Comcast initially expected, according to a page-one article in The Wall Street Journal. Officials at the ...

Correction to Story on Adidas Selling Rockport Unit

TODAY: Jan. 25, 2015 PUB DATE: Jan. 23, 2015

Adidas on Friday sold its Rockport unit for $280 million, not $250 million, to a new entity formed by Berkshire Partners and New Balance. "Adidas Sells Rockport Unit to Berkshire Partners, New Balance," at 0843 GMT, misstated the amount in ...

Eurozone Data Show Pickup in Activity - Update

TODAY: Jan. 25, 2015 PUB DATE: Jan. 23, 2015

By Paul Hannon FRANKFURT--The eurozone economy picked up in January, according to surveys of purchasing managers, a modest encouragement to the European Central Bank as it embarks on a more aggressive push to lift the currency area out of its ...

Oil Rebounds on Saudi King's Death, China PMI Data -- Update

TODAY: Jan. 25, 2015 PUB DATE: Jan. 23, 2015

By Georgi Kantchev LONDON--Oil prices rose on Friday after the news of the death of Saudi Arabia's King Abdullah added to uncertainty on an already jittery global oil market. Crude prices have more than halved in value since last summer ...

U.S. Existing-Home Sales Rose in December

TODAY: Jan. 25, 2015 PUB DATE: Jan. 23, 2015

By Ben Leubsdorf and Kate Davidson WASHINGTON--Sales of previously owned homes rebounded somewhat in December, a solid end to a lackluster year for the U.S. housing market. Existing-home sales rose 2.4% last month from November to a seasonally adjusted annual ...

European Bonds Hit Record Highs -- 7th Update

TODAY: Jan. 25, 2015 PUB DATE: Jan. 23, 2015

By Josie Cox The European Central Bank has ignited every corner of the region's markets. Stocks soared Friday, while government bonds from Spain, Italy, Portugal, Germany and elsewhere hit record highs after the central bank a day earlier pledged to ...

Anheuser-Busch Buys Seattle-Based Elysian Brewing

TODAY: Jan. 25, 2015 PUB DATE: Jan. 23, 2015

By Angela Chen Anheuser-Busch InBev NV agreed to buy Seattle-based craft-beer company Elysian Brewing Co., the latest acquisition for the beverage giant as it tries to capitalize on the growing popularity of smaller beer labels. Financial terms weren't disclosed. Elysian's ...

Anheuser-Busch Buys Seattle-Based Elysian Brewing -- Update

TODAY: Jan. 25, 2015 PUB DATE: Jan. 23, 2015

By Tripp Mickle Anheuser-Busch InBev NV said Friday it is acquiring Seattle-based Elysian Brewing Co. It is the fourth craft brewery acquisition by the world's largest beer company in the last five years. Terms weren't disclosed. Elysian is one of ...

As Euro Slides, Strategists Cut Forecasts

TODAY: Jan. 25, 2015 PUB DATE: Jan. 23, 2015

By Tommy Stubbington And James Ramage Rip up your euro forecasts. A day after the European Central Bank unveiled its bond-buying program, the single currency still was in free fall, blowing past analysts' expectations for how low the euro can ...

South Korea GDP Grows 0.4% in 4th Quarter

TODAY: Jan. 25, 2015 PUB DATE: Jan. 23, 2015

By Kwanwoo Jun SEOUL--South Korea's economic growth slowed as expected in the final quarter of 2014, largely on weaker construction and government spending. Gross domestic product rose a seasonally adjusted 0.4% in the October-December period from the previous quarter, when ...

Stocks Rally, Euro Falls After ECB Move -- 8th Update

TODAY: Jan. 25, 2015 PUB DATE: Jan. 23, 2015

By Tommy Stubbington Mario Draghi's big bond-buying plan won't start until March, but it already is a big hit with investors. Traders and investors took some time to warm up to the news Thursday that the European Central Bank will ...

China's Yuan Slides on ECB Stimulus

TODAY: Jan. 25, 2015 PUB DATE: Jan. 23, 2015

By Anjani Trivedi China's yuan opened sharply weaker Friday, after the European Central Bank unveiled an aggressive monetary easing program to boost its sluggish economy. The People's Bank of China weakened the yuan's daily reference rate against the U.S. dollar ...