India Prime Minister Narendra Modi's BJP Wins State Elections -- Update

TODAY: Oct. 21, 2014 PUB DATE: Oct. 19, 2014

By Niharika Mandhana NEW DELHI--India's governing Bharatiya Janata Party won significant victories Sunday in two state elections--a broad endorsement of Prime Minister Narendra Modi's agenda for economic revival. The BJP, which has Hindu nationalist roots, emerged as the biggest party ...

Good News and Bad for Retirement Savers

TODAY: Oct. 21, 2014 PUB DATE: Oct. 19, 2014

By Anne Tergesen A pair of recent developments brings good news to those with 401(k) accounts--and bad news to those with individual retirement accounts. To take advantage of the good news and protect against the bad, retirement account owners should ...

Hong Kong Protests as Much About Dollars as Democracy

TODAY: Oct. 21, 2014 PUB DATE: Oct. 19, 2014

By Kathy Chu HONG KONG--A key reason why protesters in Hong Kong are demanding free elections for the first time is their dissatisfaction with the state of the city's economy and the pro-business establishment that runs it. Hong Kong has ...

A Tax Advantage to Retiring Single

TODAY: Oct. 21, 2014 PUB DATE: Oct. 19, 2014

By Jennifer Waters You may be raising a glass to 40 years of marriage when you officially retire, but the Internal Revenue Service won't be celebrating with you. Instead, federal tax laws favor retired folks who are single if they ...

Danone Undecided on Mead Johnson Takeover

TODAY: Oct. 21, 2014 PUB DATE: Oct. 19, 2014

By Ruth Bender PARIS--Danone SA hasn't decided whether it wants to pursue a takeover of Mead Johnson Nutrition Group, a senior Danone executive said Sunday. "No decision has been made on what the priorities are in the group's external growth ...

India Prime Minister Narendra Modi's BJP Set to Win State Elections

TODAY: Oct. 21, 2014 PUB DATE: Oct. 19, 2014

By Niharika Mandhana NEW DELHI--India's governing Bharatiya Janata Party was headed toward significant victories Sunday in two state elections--a broad endorsement of Prime Minister Narendra Modi's agenda for economic revival. The BJP, which has Hindu nationalist roots, emerged as the ...

Big Banks Start Charging Clients for Euro Deposits -- 2nd Update

TODAY: Oct. 21, 2014 PUB DATE: Oct. 18, 2014

By Juliet Chung And Vipal Monga Several global banks have begun charging large customers to deposit their money in euros, a rare move that could have costly implications for investors and companies that do business on the Continent. The actions ...

Detroit to Demolish Arena, Give Land to Creditor

TODAY: Oct. 21, 2014 PUB DATE: Oct. 17, 2014

Detroit is on the verge of a largely amicable end to its historic bankruptcy case, with its largest holdout creditor unveiling a deal Thursday to stop fighting and instead take a major stake in the city's revival. Under the plan, ...

Singapore Exports Fall Below Expectation as Electronics Drag

TODAY: Oct. 21, 2014 PUB DATE: Oct. 17, 2014

By Gaurav Raghuvanshi SINGAPORE--Singapore's key non-oil exports rose slower than expected in September as an expected boost from the highly-volatile pharmaceuticals sector didn't come through and the electronics sector continued to drag. Exports of goods made in Singapore rose 0.9% ...

European Shares Recover After Recent Selloff

TODAY: Oct. 21, 2014 PUB DATE: Oct. 17, 2014

By Tommy Stubbington European shares steadied on Friday, as the previous session's recovery on Wall Street helped return a semblance of calm to stock markets. The Stoxx Europe 600 index was 0.5% higher in early trade. The pan-European benchmark remains ...

CURRENCIES: Dollar Flat Against Yen Amid Nikkei Weakness

TODAY: Oct. 21, 2014 PUB DATE: Oct. 17, 2014

By Hiroyuki Kachi The dollar was little changed against the yen on Friday, with the greenback pressured by weakness in the Nikkei Stock Average as an overall mood of risk aversion continues to smolder. The dollar (USDJPY) was at Yen106.42 ...

Yellen Says Extreme Inequality Could Be Un-American

TODAY: Oct. 21, 2014 PUB DATE: Oct. 17, 2014

BOSTON--Federal Reserve Chairwoman Janet Yellen delivered a strong indictment of rising inequality of wealth and income in the U.S., saying it was creating a vicious circle that was impeding the economic mobility that used to be at the heart of ...

Jobless Rates Fall for the City and the State

TODAY: Oct. 21, 2014 PUB DATE: Oct. 17, 2014

By Erica Orden The unemployment rates for New York state and New York City both dropped in September, according to the state Department of Labor. In the city, the jobless rate fell to 6.8% from 7.8% in July--the steepest two-month ...

Russia Spends $13 Billion Defending Ruble

TODAY: Oct. 21, 2014 PUB DATE: Oct. 17, 2014

By Andrey Ostroukh MOSCOW--The Bank of Russia sold as much as $12.95 billion in the first half of October to support the ruble as the falling oil prices battered the sanctions-hit Russian economy, the central bank's data showed Friday. The ...

U.S. Housing Starts/Building Permits-Historical-Oct 17

TODAY: Oct. 21, 2014 PUB DATE: Oct. 17, 2014

All data seasonally adjusted except actual levels which are not seasonally adjusted. Percent change is from the previous month. R denotes revised. Source: U.S. Department of Commerce. (*) Jan 05-Jan 04 reflect the increase in the universe of permits-issuing places ...

MARKET SNAPSHOT: U.S. Stocks Rally; Dow Snaps 6-day Losing Streak

TODAY: Oct. 21, 2014 PUB DATE: Oct. 17, 2014

By Anora Mahmudova and Sara Sjolin, MarketWatch NEW YORK (MarketWatch) -- Following steep losses and massive intraday swings over the past five days, the U.S. stock market wrapped up the week on a relative high note, with the key benchmarks ...