Tech Sector Leads Sharp Selloff

TODAY: Feb. 6, 2016 PUB DATE: Feb. 6, 2016

By Leslie Josephs U.S. stocks declined broadly Friday, led by a rout in technology shares, capping a week that highlighted investors' concerns about tepid economic growth. Friday's slide came after a U.S. Labor Department report on Friday showed job growth ...

Arcelor Grapples With Glut

TODAY: Feb. 6, 2016 PUB DATE: Feb. 6, 2016

(FROM THE WALL STREET JOURNAL 2/6/16) By Alex MacDonald and John W. Miller ArcelorMittal, the world's largest steelmaker, said Friday it would issue $3 billion in shares to shore up its finances as it grapples with a global steel glut ...

U.S. Move to Expand Nuclear Sanctions on North Korea Angers China

TODAY: Feb. 6, 2016 PUB DATE: Feb. 6, 2016

By Jay Solomon in Washington and Josh Chin in Beijing The U.S. Congress is moving swiftly to approve new sanctions on North Korea that would likely entangle Chinese companies as well, adding to growing animosity between Washington and Beijing. Officials ...

Oil-Price Drop Squeezes States

TODAY: Feb. 6, 2016 PUB DATE: Feb. 6, 2016

By Mark Peters A deep and prolonged drop in oil prices is increasingly squeezing tax collections in energy-producing states, fueling calls for tax increases and cuts to schools, road projects and other government services. Political fights are brewing in Oklahoma ...

Foxconn Upbeat On Sharp Deal

TODAY: Feb. 6, 2016 PUB DATE: Feb. 6, 2016

(FROM THE WALL STREET JOURNAL 2/6/16) By Takashi Mochizuki in Osaka and Wayne Ma in Hong Kong Foxconn Chairman Terry Gou said the Taiwanese iPhone assembler expects to seal a deal to buy troubled electronics supplier Sharp Corp. by the ...

China's Central Bank Injects More Cash

TODAY: Feb. 6, 2016 PUB DATE: Feb. 6, 2016

By Lingling Wei China's central bank pumped more short-term funds into the country's financial system on Saturday, as a surge in demand for cash ahead of the Lunar New Year holiday is starting to squeeze banks' liquidity. Wary of a ...

Chobani Rejects PepsiCo Offer to Buy Stake -- Update

TODAY: Feb. 6, 2016 PUB DATE: Feb. 6, 2016

By Annie Gasparro and Mike Esterl Chobani Inc. said it rejected an offer from PepsiCo Inc. to buy a majority stake in the company. The U.S. yogurt maker hired Goldman Sachs last summer to seek a partnership with a major ...

U.S. Move to Expand Nuclear Sanctions on North Korea Angers China

TODAY: Feb. 6, 2016 PUB DATE: Feb. 6, 2016

By Jay Solomon in Washington and Josh Chin in Beijing The U.S. Congress is moving swiftly to approve new sanctions on North Korea that would likely entangle Chinese companies as well, adding to growing animosity between Washington and Beijing. Officials ...

Chobani Rejects PepsiCo Offer to Buy Stake

TODAY: Feb. 6, 2016 PUB DATE: Feb. 6, 2016

By Annie Gasparro and Mike Esterl Chobani Inc. said it rejected an offer from PepsiCo Inc. to buy a majority stake in the company. The U.S. yogurt maker hired Goldman Sachs last summer to seek a partnership with a major ...

Tech Stocks Swoon as Growth Disappoints

TODAY: Feb. 6, 2016 PUB DATE: Feb. 6, 2016

By Maureen Farrell, Aaron Kuriloff and Don Clark A sharp dive in technology shares underscored investor worries about uneven U.S. economic growth, as the latest lackluster corporate outlook, this time from LinkedIn Corp., fueled a rush out of stocks. In ...

Symantec Gets $500 Million Investment From Silver Lake -- Update

TODAY: Feb. 6, 2016 PUB DATE: Feb. 5, 2016

By David Benoit Private-equity firm Silver Lake is making a $500 million investment in Symantec Corp. and taking a board seat in a bid to boost the cybersecurity company, whose stock has flagged despite an industry boom. Symantec will buy ...

China Mogul Cuts New Path

TODAY: Feb. 6, 2016 PUB DATE: Feb. 5, 2016

(FROM THE WALL STREET JOURNAL 2/5/16) By Brian Spegele in Beijing and Wayne Ma in Hong Kong BEIJING -- As he spends tens of billions of dollars to buy European businesses, the chairman of China National Chemical Corp. likes to ...

Julius Baer to Pay $547 Million Under Guilty Plea in U.S. Tax Case

TODAY: Feb. 6, 2016 PUB DATE: Feb. 5, 2016

Swiss bank Julius Baer Group AG on Thursday admitted to helping U.S. taxpayers hide billions of dollars in offshore accounts and agreed to pay $547 million. Separately, two of the bank's former client advisers?Daniela Casadei and Fabio Frazezetto?pleaded guilty to ...

BNP Paribas Profit Halved by Italian Write-Down -- Update

TODAY: Feb. 6, 2016 PUB DATE: Feb. 5, 2016

By Noemie Bisserbe PARIS--French bank BNP Paribas SA reported sharply lower fourth-quarter net profit on Friday, hit by a hefty write down on its Italian bank, BNL, and said it planned to trim its corporate and investment bank to meet ...

Rob Portman Signals Concerns Over Pacific Trade Deal

TODAY: Feb. 6, 2016 PUB DATE: Feb. 5, 2016

By Kristina Peterson GOP Sen. Rob Portman of Ohio said Thursday he couldn't support the current version of a sweeping Pacific trade deal, highlighting the challenges the 12-nation trade pact faces clearing Congress in an election year. A former U.S. ...

Foxconn, Sharp to Sign Takeover Deal By End of February

TODAY: Feb. 6, 2016 PUB DATE: Feb. 5, 2016

Foxconn, the Taiwanese iPhone assembler, has received a personal commitment from Sharp Corp.'s chief executive Kozo Takahashi that a definitive agreement for a takeover will be signed before Feb. 29, a person familiar with the matter said Friday. Japanese electronics ...

Malaysia December Exports +1.4% on Year; +4.8% Expected

TODAY: Feb. 6, 2016 PUB DATE: Feb. 5, 2016

By Yantoultra Ngui KUALA LUMPUR--Malaysia's exports grew at a slower-than-expected pace in December as the global economy weakened, according to a press statement by the country's statistics department on Friday. Malaysia's December exports grew 1.4% on-year, slower than the 4.8% ...

French Current-Account Deficit Shrank in December

TODAY: Feb. 6, 2016 PUB DATE: Feb. 5, 2016

By William Horobin PARIS--France's current-account deficit narrowed in December as the goods deficit more than halved, the Bank of France said Friday. The current-account deficit of the eurozone's second-largest economy narrowed to 0.7 billion euros ($0.78 billion) in December from ...