U.S. Jobless Claims Fall to 282,000 in Latest Week

TODAY: March 28, 2015 PUB DATE: March 26, 2015

By Jeffrey Sparshott WASHINGTON--The number of Americans seeking first-time unemployment benefits fell last week, the latest sign of an improving labor market. Initial jobless claims decreased by 9,000 to a seasonally adjusted 282,000 in the week ended March 21, the ...

Bilfinger Investigating Bribery Allegations at Brazilian Subsidiary

TODAY: March 28, 2015 PUB DATE: March 26, 2015

By Friedrich Geiger BERLIN--Germany's Bilfinger SE said Thursday it is investigating allegations that employees of a subsidiary of the German engineering group made improper payments of less than 1 million euros ($1.09 million). Employees of a Brazilian subsidiary of the ...

Russia to Restructure Some Loans to Belarus

TODAY: March 28, 2015 PUB DATE: March 26, 2015

By Olga Razumovskaya MOSCOW--Russian Prime Minister Dmitry Medvedev said at a cabinet meeting on Thursday that Moscow would restructure a portion of its loans to Belarus. "We have agreed to help them in this difficult situation, we'll essentially prolong existing ...

RBS to Soon Announce Sale of Coutts International

TODAY: March 28, 2015 PUB DATE: March 26, 2015

By Max Colchester and John Letzing LONDON-- Royal Bank of Scotland Group PLC will soon announce the sale of the international arm of its wealth business Coutts to Swiss bank Union Bancaire Privée, according to people familiar with the matter. ...

Mobile Banking on the Rise, Fed Says

TODAY: March 28, 2015 PUB DATE: March 26, 2015

Bank customers are increasingly relying on their mobile phones to conduct bank transactions and access their account information, according to a survey released on Thursday by the Federal Reserve. Some 39% of mobile phone owners who have a bank account ...

SNB's Zurbruegg Says Franc Remains Significantly Overvalued

TODAY: March 28, 2015 PUB DATE: March 26, 2015

ZURICH--Negative interest rates implemented by the Swiss National Bank two months ago would require more time before they succeed in weakening the franc, a member of the bank's governing board said on Thursday, adding that the currency remains "significantly overvalued." ...

Fed, FDIC Give MetLife Six-Month Extension on 'Living Will'

TODAY: March 28, 2015 PUB DATE: March 26, 2015

By Victoria McGrane WASHINGTON--The Federal Reserve and the Federal Deposit Insurance Corp. voted Thursday to give MetLife Inc. an additional six months to file the first plan showing how it can collapse without causing broader economic damage. MetLife's new deadline ...

Correction to Financial Markets Becoming More Fragile Story

TODAY: March 28, 2015 PUB DATE: March 26, 2015

The Bank of England's Financial Policy Committee warned in a statement Thursday about the implications of "fragile" liquidity on some financial markets. "Financial Markets Becoming More Fragile, Says Bank of England, " at 11:42 a.m. EDT, incorrectly attributed the FPC's ...

Kraft And Heinz Brands Struggle To Adapt

TODAY: March 28, 2015 PUB DATE: March 26, 2015

(FROM THE WALL STREET JOURNAL 3/26/15) By Annie Gasparro Fancy some Heinz ketchup with your Kraft Cheez Whiz? H.J. Heinz Co.'s planned acquisition of Kraft Foods Group Inc. unites brands that have been commonplace in American kitchens for decades but ...

Singapore February Industrial Output Falls on Sluggish Demand

TODAY: March 28, 2015 PUB DATE: March 26, 2015

By R. Jai Krishna SINGAPORE--Singapore's industrial output declined in February as the export-dependent nation continues to struggle with sluggish external demand. Manufacturing output declined 3.6% in February, compared with a revised 1.3% rise in January, according to preliminary figures released ...

House Passes GOP Budget

TODAY: March 28, 2015 PUB DATE: March 26, 2015

WASHINGTON--The House narrowly passed a budget for fiscal year 2016 on Wednesday, notching a victory for the chamber's embattled Republican leaders. Passage of the House GOP budget overcomes the first--and likely the highest--hurdle in Republicans' quest to clear a unified ...

Thailand's Exports Continue to Fall in February

TODAY: March 28, 2015 PUB DATE: March 26, 2015

By Nopparat Chaichalearmmongkol BANGKOK--Thailand's exports recorded a sharp fall in February largely due to lower global oil and farm product prices, according to the Ministry of Commerce. Based on raw customs data, exports in February totaled $17.23 billion--a 6.14% on-year ...

MARKET SNAPSHOT: U.S. Stocks: Futures Skid As Growth Worries Persist

TODAY: March 28, 2015 PUB DATE: March 26, 2015

By Barbara Kollmeyer and Al Lewis, MarketWatch Middle East tensions drive up oil, gold prices MADRID (MarketWatch) -- Stock futures pointed to another rout for Wall Street on Thursday, with tech, biotech stocks and small companies threatening to drag the ...

SNB Says Franc Cap Stopped Being Beneficial -- Update

TODAY: March 28, 2015 PUB DATE: March 26, 2015

By John Revill ZURICH--Switzerland's central bank was forced to scrap its cap on the value of the Swiss franc because mounting costs would have been "out of all proportion" to potential benefits of maintaining the policy, the bank said in ...

European Shares Fall, Euro Rises on U.S. Data, Yemen Crisis

TODAY: March 28, 2015 PUB DATE: March 26, 2015

By Tommy Stubbington European shares fell for a second straight session Thursday, echoing weakness in U.S. and Asian markets and weighed down by an escalating conflict in Yemen. Some downbeat economic data sparked a heavy selloff in U.S. stocks Wednesday, ...