A Battle Brews Over Bids For Broker

TODAY: Feb. 1, 2015 PUB DATE: Jan. 30, 2015

(FROM THE WALL STREET JOURNAL 1/30/15) By Liz Hoffman, Katy Burne and Telis Demos A takeover fight between hard-charging rivals over a broker to Wall Street's biggest banks is coming to a head, a showdown that has split the firm's ...

Justice Department Drops Insider-Trading Charges

TODAY: Feb. 1, 2015 PUB DATE: Jan. 30, 2015

By Christopher M. Matthews New York federal prosecutors dropped charges against five men they previously accused of insider trading Thursday, the latest casualty of an appeals court ruling last month that upended the government's ability to bring such charges. Prosecutors ...

Russia Official Warns New Forecast Will Be "Harsh"

TODAY: Feb. 1, 2015 PUB DATE: Jan. 30, 2015

MOSCOW--Russia's government will soon present a new economic forecast, which will be "very harsh", the Deputy Prime Minister said Friday. A combination of sanctions and falling oil prices is expected to push Russia into a recession this year, and the ...

Oil Prices Rises But Sustained Recovery Seen as Unlikely -- Update

TODAY: Feb. 1, 2015 PUB DATE: Jan. 30, 2015

By Georgi Kantchev LONDON--Oil prices posted gains on Friday but analysts were cautious that a sustained recovery is unlikely until there are more signs of production cuts in the oversupplied global market. Futures have been moving largely sideways in recent ...

Dollar Lower Against Yen on Profit Taking, Selling by Exporters

TODAY: Feb. 1, 2015 PUB DATE: Jan. 30, 2015

By Hiroyuki Kachi The dollar was lower against the yen in Asian trade Friday, pulled down by profit taking and selling by corporate investors related to end-of-the month commercial trade settlement. Around 0450 GMT, the dollar was down to Y117.97 ...

U.S. Employment Costs Up 0.6% in Fourth Quarter

TODAY: Feb. 1, 2015 PUB DATE: Jan. 30, 2015

By Jeffrey Sparshott and Josh Mitchell WASHINGTON--U.S. labor costs rose at a measured pace in the final three months of the year, a sign that a tightening labor market is only slowly driving up wages for most American workers. The ...

Schaeuble Says Germany Won't Be Blackmailed by New Greek Government

TODAY: Feb. 1, 2015 PUB DATE: Jan. 30, 2015

By Andreas Kissler BERLIN--German Finance Minister Wolfgang Schaeuble on Friday said the rules attached to European financial aid for Greece "can't just be broken" and warned Athens that Berlin won't be blackmailed by the new leftist government. "We're prepared for ...

India Changes GDP Calculation Method

TODAY: Feb. 1, 2015 PUB DATE: Jan. 30, 2015

By Anant Vijay Kala NEW DELHI--India raised its official economic expansion figure for the prior fiscal year as it changed the way it calculates gross domestic product to bring its measurements in line with international practices. The statistics ministry said ...

Italy Unemployment Rate Falls for First Time in Seven Months in Dec

TODAY: Feb. 1, 2015 PUB DATE: Jan. 30, 2015

By Liam Moloney ROME--Italy's unemployment rate fell for the first time in seven months in December to be at its lowest level since September, national statistics institute reported Friday, citing preliminary and seasonally adjusted data. The official jobless rate fell ...

U.S. Government Bond Yields Tumble

TODAY: Feb. 1, 2015 PUB DATE: Jan. 30, 2015

By Min Zeng The yield on benchmark U.S. government bonds tumbled to the lowest level since May 2013 on Friday as global-growth worries struck close to home. Investors sought the relative safety of Treasurys after a report showed slower-than-expected fourth-quarter ...

UK PMIs Set to Signal Robust Start to 2015

TODAY: Feb. 1, 2015 PUB DATE: Jan. 30, 2015

By Jon Sindreu LONDON--Economists will be watching this coming week for some of the first indications of whether the U.K. economy got off to a strong start in 2015. The purchasing managers index due this coming week is likely to ...

Canada's Economy Contracts Unexpectedly in November

TODAY: Feb. 1, 2015 PUB DATE: Jan. 30, 2015

OTTAWA--The Canadian economy contracted unexpectedly in November as the manufacturing sector's output recorded the sharpest monthly decline in six years, and mining oil and gas extraction shrank. The data suggestfourth-quarter growth will fall short of the Bank of Canada's latest ...

Chicago PMI Rises as Employment Expands

TODAY: Feb. 1, 2015 PUB DATE: Jan. 30, 2015

An economic snapshot of the manufacturing heavy Midwest climbed in January, fueled by orders, output and a big surge in employment. The Chicago Business Barometer, commonly called the Chicago PMI, rose to 59.4 this month, from December's revised 58.8, after ...

Fed's Williams Upbeat on Economy, Says Summer Rate Rise Likely

TODAY: Feb. 1, 2015 PUB DATE: Jan. 30, 2015

By Michael S. Derby Federal Reserve Bank of San Francisco President John Williams said Friday the U.S. economy remains on a solid path that will open the door to interest-rate increases in the summer. In an interview with CNBC, Mr. ...

Mexico to Cut Planned Spending -- Update

TODAY: Feb. 1, 2015 PUB DATE: Jan. 30, 2015

By Anthony Harrup MEXICO CITY--Mexico's government will cut planned spending by about $8.3 billion this year to cushion the effects of plunging oil prices and adverse global economic conditions, while postponing a controversial high-speed train. Finance Minister Luis Videgaray on ...

Taiwan's Fourth-Quarter Growth Slows

TODAY: Feb. 1, 2015 PUB DATE: Jan. 30, 2015

By Fanny Liu TAIPEI--Taiwan's economy expanded more slowly in the fourth quarter, as falling oil prices hurt petrochemical exports, though demand for electronics remained strong. Taiwan's gross domestic product rose 3.17% from a year earlier in the final quarter of ...

Japan December Industrial Output +1.0% on Month

TODAY: Feb. 1, 2015 PUB DATE: Jan. 30, 2015

TOKYO--Japanese industrial production rose 1.0% in December from the previous month, government data showed Friday, indicating that the economy may be recovering slowly from a slump triggered by a sales tax increase in April last year. The gain was slightly ...

Singapore 4Q Unemployment Rate 1.9%, Unchanged on Quarter

TODAY: Feb. 1, 2015 PUB DATE: Jan. 30, 2015

By Gaurav Raghuvanshi SINGAPORE--Singapore's overall unemployment rate was 1.9% at the end of the fourth quarter of 2014, unchanged from the previous three months, government data released Friday showed. The unemployment rate in the fourth quarter for residents fell to ...