Oil Fades on Lack of "Belief"

TODAY: April 19, 2015 PUB DATE: April 17, 2015

By Timothy Puko Oil prices faded, undoing a small rally Friday as traders showed skepticism that a surge of U.S. production is leveling off. Several banks and analysts are warning that oil's steady gains this month came from a false ...

Simply Fashion Files for Bankruptcy to Liquidate Chain

TODAY: April 19, 2015 PUB DATE: April 17, 2015

By Sara Randazzo Women's clothing chain Simply Fashion Stores Ltd. sought bankruptcy protection Thursday with plans to liquidate, the latest in a long line of women's retailers to fall on hard times in the past year. Simply Fashion, which has ...

U.S. Consumer Price Index--Historical -2-

TODAY: April 19, 2015 PUB DATE: April 17, 2015

Nov 05 197.6 -0.4 3.5 : 202.3 0.2 2.1 : -6.4 : 0.3 Oct 05 199.2 0.3 4.3 : 202.3 0.3 2.1 : -0.4 : 0.3 Sep 05 198.8 1.4 4.7 : 201.3 0.1 2.0 : 13.6 : 0.2 Aug ...

UK Government Borrowing Likely to Meet Official Forecasts

TODAY: April 19, 2015 PUB DATE: April 17, 2015

By Jon Sindreu LONDON--Economists expect public finance data due Thursday to show the U.K. government was able to meet official borrowing estimates for the latest fiscal year. The economy is a key battleground for the upcoming U.K. national election, which ...

Lorillard Sales Rise 4.8% on Higher Volume

TODAY: April 19, 2015 PUB DATE: April 17, 2015

Lorillard Inc. (LO), currently awaiting its merger with Reynolds American Inc., said Friday sales grew 4.8% in the March quarter on higher volume. Results beat Wall Street expectations, sending shares up less than 1% in midday trading. However, the company ...

Trafigura Beheer Acquires CNOOC's Oil-Trading Business in Canada

TODAY: April 19, 2015 PUB DATE: April 17, 2015

By Sarah Kent LONDON--Commodities trading giant Trafigura Beheer B.V. said Friday it has acquired China National Offshore Oil Corp.'s business trading crude oil for other energy producers in Canada. The business was acquired from Nexen Marketing, a Calgary, Alberta-based unit ...

France Fin Min Would Like to See Euro Stabilize

TODAY: April 19, 2015 PUB DATE: April 17, 2015

WASHINGTON--The euro's weakening phase has run its course and Europeans would be courting danger if they gave the impression they wanted it to weaken further, French Finance Minister Michel Sapin said on Friday. "The objective today is stability," Mr. Sapin ...

Bank of America Results Highlight Challenges -- 4th Update

TODAY: April 19, 2015 PUB DATE: April 16, 2015

By Christina Rexrode And Peter Rudegeair Bank of America Corp. Chief Executive Brian Moynihan finally got to report quarterly earnings that weren't decimated by legal costs. But the results showed the nation's second-largest lender by assets relying on cost cutting ...

Brazil Sees Economy Shrinking 0.9% in 2015, Expanding 1.3% in 2016

TODAY: April 19, 2015 PUB DATE: April 16, 2015

By Paulo Trevisani And Jeffrey T. Lewis BRASÍLIA--Brazil's economy will contract 0.9% in 2015 and grow 1.3% in 2016, according to forecasts for the country's 2016 budget proposal, released Wednesday by the planning and budget ministry. The government sends the ...

Fortescue Says Can Withstand Slump in Iron Ore Prices--Update

TODAY: April 19, 2015 PUB DATE: April 16, 2015

By Rhiannon Hoyle SYDNEY-- Fortescue Metals Group Ltd. sought to reassure investors it can survive the sharp downturn in the global iron-ore market, as two influential analysts questioned the company's ability to withstand the slump. The Australian iron-ore producer--the world's ...

Oil Prices Stay Supported, Brent Trades Above $60/Barrel

TODAY: April 19, 2015 PUB DATE: April 16, 2015

By Eric Yep Oil prices remained supported in Asian trade Thursday after strong gains in the previous trading session on expectations that U.S. oil supply has started to slow, and global oil demand is strengthening. On the New York Mercantile ...

U.S. Housing Starts Up 2% in March

TODAY: April 19, 2015 PUB DATE: April 16, 2015

WASHINGTON--U.S. home building advanced only slightly last month, the latest sign the market is struggling to break out despite low rates on mortgages and steady job creation. U.S. housing starts rose 2% from a month earlier to a seasonally adjusted ...

Total to Spend EUR600 Million to Revamp French Refineries

TODAY: April 19, 2015 PUB DATE: April 16, 2015

By Inti Landauro PARIS--French oil major Total SA (TOT) Thursday told worker representatives it plans to invest 600 million euros ($636 million) in revamping two of its oil refineries in France turning one into a biofuel plant and solar power ...

Australian Unemployment Rate Falls Unexpectedly

TODAY: April 19, 2015 PUB DATE: April 16, 2015

By James Glynn SYDNEY--Australia's economy added more jobs than expected in March, pushing the unemployment rate down to 6.1%, the lowest level since December. The statistics bureau revised the February joblessness rate to 6.2% from an earlier reading of 6.3%. ...

MOL Shareholders OK Payment of HUF50 Billion in Dividends on 2014 Result

TODAY: April 19, 2015 PUB DATE: April 16, 2015

By Margit Feher BUDAPEST--Hungarian oil and gas company MOL Nyrt.'s (MOL.BU) shareholders approved on Thursday to pay out 50 billion forints ($178.5 million) in dividends after the company's 2014 results. All shareholders present unanimously approved the dividend payment. That's down ...

McConnell Vows 'Big Fights Over Funding'

TODAY: April 19, 2015 PUB DATE: April 16, 2015

By Siobhan Hughes And Kristina Peterson WASHINGTON--Senate Majority Leader Mitch McConnell (R., Ky.) vowed "some big fights over funding the bureaucracy," saying his party would use spending bills now being written in the GOP-controlled Congress to extract policy concessions from ...

Press Release: Philadelphia Federal Reserve Survey Reports Manufacturing Activity in the Region Increased Modestly

TODAY: April 19, 2015 PUB DATE: April 16, 2015

Philadelphia Federal Reserve Survey Reports Manufacturing Activity in the Region Increased Modestly April 2015 PHILADELPHIA--(BUSINESS WIRE)--April 16, 2015-- Manufacturing activity in the region increased modestly in April, according to firms responding to this month's Manufacturing Business Outlook Survey. Indicators for ...