South Africa Urges U.S. Renewal of Africa Trade Deal

TODAY: July 29, 2014 PUB DATE: July 28, 2014

By Patrick McGroarty PRETORIA--South African officials said on Monday they would use a summit between U.S. President Barack Obama and African leaders next week to lobby for renewal of a trade pact they called an important instrument of U.S. influence ...

China Criticizes U.S. Move on Solar-Equipment Imports

TODAY: July 29, 2014 PUB DATE: July 28, 2014

By Wayne Ma BEIJING--China on Monday hit back at the U.S. for taking another step to close a loophole that allowed some Chinese solar-equipment makers to avoid tariffs. China's Ministry of Commerce, citing an official it didn't identify, said the ...

MARKET SNAPSHOT: U.S. Stocks Skid; Pending Home Sales Drop

TODAY: July 29, 2014 PUB DATE: July 28, 2014

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- The U.S. stock market moved decidedly lower Monday as excitement from a flurry of deal news, including the takeover of Family Dollar Stores Inc. by Dollar Tree Inc. proved ...

Irish Central Bank Upbeat About Ireland's Economy

TODAY: July 29, 2014 PUB DATE: July 28, 2014

DUBLIN--In its most upbeat economic bulletin for over six years, Ireland's central bank Monday increased its growth outlook for the country and said the coalition led by Prime Minister Enda Kenny may now have the fiscal room to lessen the ...

MARKET SNAPSHOT: U.S. Stocks Rebound; Home Builders Retreat

TODAY: July 29, 2014 PUB DATE: July 28, 2014

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- The U.S. stock market staged a rebound in late trading Monday as investors weighed soft housing data against a flurry of deal news, including the takeover of Family Dollar ...

Oil Futures Sag on Tepid Demand

TODAY: July 29, 2014 PUB DATE: July 28, 2014

By Nicole Friedman NEW YORK--Crude-oil futures slipped Monday on low global demand, though concerns about further Western sanctions on Russia, a major oil exporter, gave some support to prices. Light, sweet crude for September delivery fell 42 cents, or 0.4%, ...

TECH STOCKS: Zillow's $3.5 Billion Trulia Buy Leads Tech Action

TODAY: July 29, 2014 PUB DATE: July 28, 2014

By Rex Crum, MarketWatch SAN FRANCISCO (MarketWatch) -- Tech stocks managed to erase much of their losses by the time the market closed Monday, with online real-estate information company Zillow Inc.'s $3.5 billion acquisition of rival Trulia Inc. taking the ...

TECH STOCKS: Zillow Falls On $3.5 Billion Trulia Acquisition

TODAY: July 29, 2014 PUB DATE: July 28, 2014

By Rex Crum, MarketWatch SAN FRANCISCO (MarketWatch) -- Tech stocks started the week off on a mostly negative note Monday, with declines coming from many sector leaders, including Zillow Inc. after the online real-estate information company announced a $3.5 billion ...

Berlin Prepares for Russia Sanctions -- Update

TODAY: July 29, 2014 PUB DATE: July 28, 2014

By Andrea Thomas BERLIN--German leaders sought to prepare the public for the consequences of sanctions against Russia ahead of a week in which the European Union is expected to escalate its economic response to the crisis in Ukraine. Ministers in ...

Fujitsu Looking at First April-June Operating Profit

TODAY: July 29, 2014 PUB DATE: July 28, 2014

TOKYO -- Fujitsu is expected to post a group operating profit of slightly more than 5 billion yen ($48.6 million) for the April-June period. It will be the company's first April quarter profit in a while, the Nikkei reported Sunday. ...

Italian Manufacturing Business Confidence Down Slightly in July

TODAY: July 29, 2014 PUB DATE: July 28, 2014

By Liam Moloney ROME--Italian manufacturing business confidence fell slightly in July, for the second month, pulled down by a worsening outlook for orders, national statistics institute Istat said Monday. Confidence among Italy's manufacturers slipped to 99.7 in July from June, ...

Dollar Tree to Acquire Family Dollar

TODAY: July 29, 2014 PUB DATE: July 28, 2014

Dollar Tree Inc. (DLTR) said it will acquire Family Dollar Stores Inc. (FDO) in a cash-and-stock deal that values the discount retailer's shares about at $74.50 a piece. The deal price, a roughly 23% premium over Family Dollar's closing price ...

MARKET SNAPSHOT: U.S. Stocks Skid; Pending Home Sales Drop

TODAY: July 29, 2014 PUB DATE: July 28, 2014

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- The U.S. stock market moved decidedly lower Monday as excitement from a flurry of deal news, including the takeover of Family Dollar Stores Inc. by Dollar Tree Inc. proved ...

BOE May Need to Raise Rates Quicker, IMF Says

TODAY: July 29, 2014 PUB DATE: July 28, 2014

LONDON--The Bank of England may need to lift interest rates at a faster pace than expected if inflation in the U.K. takes off or new regulations prove ineffective at reining in a booming housing market, the International Monetary Fund said ...

U.K. Foreign-Exchange Trading Rises

TODAY: July 29, 2014 PUB DATE: July 28, 2014

LONDON--U.K. currency-trading volumes rose by 7% in the six months to April, a semiannual survey released by the Bank of England showed Monday. Overall trading volumes handled by banks in the U.K. stood at $2.402 trillion a day, the central ...

China Criticizes U.S. Move on Solar-Equipment Imports

TODAY: July 29, 2014 PUB DATE: July 28, 2014

By Erin McCarthy and Wayne Ma China's Yingli Green Energy Holding Co. on Monday said it is still committed to the U.S. solar market, even though the company will be subject to hefty tariffs as the U.S. and China battle ...

Yen Slips, Dollar Steady as Market Awaits FOMC, U.S. Jobs Data

TODAY: July 29, 2014 PUB DATE: July 28, 2014

By James Ramage and Nirmala Menon The yen edged lower against the euro and British pound on Monday as investors showed little appetite for large bets ahead of market-moving indicators due this week. The pound gained 0.2% versus the Japanese ...

Medicare, Social Security Headed in Different Directions

TODAY: July 29, 2014 PUB DATE: July 28, 2014

By Damian Paletta WASHINGTON--The nation's two biggest entitlement programs are facing competing trends, government trustees said Monday--with Medicare's trust fund rebounding strongly, but Social Security's disability fund on the brink of exhaustion. Spending on Medicare's primary program, which funds hospital ...

Obama, European Leaders to Confer on Ukraine

TODAY: July 29, 2014 PUB DATE: July 28, 2014

By Carol E. Lee WASHINGTON--President Barack Obama planned to hold a conference call Monday with key European leaders to discuss the crisis in Ukraine amid U.S. expectations that the group will adopt tougher sanctions against Russia this week, White House ...