Employment Costs Improve at Modest Rate in First Quarter

TODAY: April 29, 2016 PUB DATE: April 29, 2016

WASHINGTON?Employers' personnel costs rose modestly during the first quarter, but broader trends show Americans aren't seeing larger raises. The employment-cost index, a broad measure of workers' wages and benefits, grew a seasonally adjusted 0.6% during the first three months of ...

Canada Producer Prices Decline in March

TODAY: April 29, 2016 PUB DATE: April 29, 2016

By Kim Mackrael OTTAWA--Canadian producer prices declined unexpectedly in March, led by lower prices for motorized and recreational vehicles. The country's raw materials price index advanced on higher prices for crude energy products. Canada's industrial product price index fell 0.6% ...

Sugar Futures Jump as Drought Hits Market

TODAY: April 29, 2016 PUB DATE: April 29, 2016

By Julie Wernau Sugar futures jumped Friday as news of large production declines in India, Vietnam, Cambodia and Thailand hit the market following historic drought conditions. Raw sugar futures for July delivery were up 4% at 16.34 cents a pound ...

With Iran Visit, South Korea Seeks Closer Ties to Pyongyang Ally

TODAY: April 29, 2016 PUB DATE: April 29, 2016

By Alastair Gale SEOUL--South Korea's president heads to Iran on Sunday targeting billions of dollars of economic and energy deals in a landmark visit. Also expected on the agenda: Squeezing North Korea's ties to a traditional ally. President Park Geun-hye ...

Eurozone Finance Ministers to Hold May 9 Meeting on Greece

TODAY: April 29, 2016 PUB DATE: April 29, 2016

By Viktoria Dendrinou and Nektaria Stamouli BRUSSELS- -- Eurozone finance ministers will hold an extraordinary meeting May 9 to try to complete a deal for Greece's bailout, a spokesman for Dutch Finance Minister Jeroen Dijsselbloem said late Thursday. Eurozone finance ...

Eurozone Finance Ministers to Hold May 9 Meeting on Greece

TODAY: April 29, 2016 PUB DATE: April 29, 2016

BRUSSELS-?Eurozone finance ministers will hold an extraordinary meeting May 9 to try to complete a deal for Greece's bailout, a spokesman for Dutch Finance Minister Jeroen Dijsselbloem said late Thursday. A tentative meeting for Thursday was called off when talks ...

Alere Says It Rejected Abbott Offer to End Their Merger Deal

TODAY: April 29, 2016 PUB DATE: April 29, 2016

By George Stahl Alere Inc., which is grappling with foreign corruption probes, said it recently rejected an offer of up to $50 million by Abbott Laboratories to terminate their $5.8 billion merger agreement. An Abbott representative was unavailable for immediate ...

Valeant Holder Sequoia Fund Reopens to New Investors

TODAY: April 29, 2016 PUB DATE: April 29, 2016

By Sarah Krouse Sequoia Fund Inc., a mutual fund hurt by a large bet on drugmaker Valeant Pharmaceuticals International Inc., is reopening to new investors, according to a new filing. As of Friday, Sequoia is open to new investors that ...

Mexico's Economy Picks Up Speed in First Quarter -- Update

TODAY: April 29, 2016 PUB DATE: April 29, 2016

By Anthony Harrup MEXICO CITY -- Mexico's economy picked up pace in the first quarter of the year, growing more than expected as services remained buoyant and industrial production showed signs of improvement. Gross domestic product, a measure of output ...

Tax Breaks for Twitter Bring Benefits and Criticism

TODAY: April 29, 2016 PUB DATE: April 29, 2016

By Alejandro Lazo | Photography by David Butow SAN FRANCISCO -- Lucho Cabrera, a 53-year-old formerly homeless man, turned to an unlikely place during his recent hunt for affordable housing: a $3 million community center built by Twitter Inc. across ...

Oil Falls From Day's High, Back Below $46

TODAY: April 29, 2016 PUB DATE: April 29, 2016

By Nicole Friedman and Georgi Kantchev NEW YORK -- Oil prices fell Friday as supply data raised concerns that the global glut of crude won't shrink as quickly as some traders expected. Oil prices have surged in recent weeks on ...

Oil Falls From Day's High, Back Below $46

TODAY: April 29, 2016 PUB DATE: April 29, 2016

By Nicole Friedman and Georgi Kantchev NEW YORK -- Oil prices fell Friday as supply data raised concerns that the global glut of crude won't shrink as quickly as some traders expected. Oil prices have surged in recent weeks on ...

Nintendo to Reduce Stake in Seattle Mariners

TODAY: April 29, 2016 PUB DATE: April 28, 2016

Nintendo of America said Wednesday that it planned to reduce its stake in the Seattle Mariners to 10% by selling the majority of its interest in the Major League Baseball team to other members of the current ownership group. As ...

Sanofi Makes Offer for Medivation in $9.3 Billion Deal -- Update

TODAY: April 29, 2016 PUB DATE: April 28, 2016

By Nick Kostov PARIS--Sanofi SA on Thursday said it has made an all-cash offer to acquire Medivation Inc. in a deal valued at $9.3 billion, the French drugmaker's latest effort to expand its cancer-treatment business. Sanofi decided to go public ...