Federal Lawmakers Propose Credit Reporting Changes

TODAY: July 28, 2015 PUB DATE: July 28, 2015

WASHINGTON?A group of Democratic lawmakers is proposing a bill that would make it easier for people who got rid of credit-card debt using bankruptcy to fix inaccurate credit reports that don't reflect they have earned a clean financial slate. U.S. ...

Federal Lawmakers Propose Credit Reporting Changes

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Katy Stech WASHINGTON--A group of Democratic lawmakers is proposing a bill that would make it easier for people who got rid of credit-card debt using bankruptcy to fix inaccurate credit reports that don't reflect they have earned a clean ...

Hartford Financial Core Earnings Jump

TODAY: July 28, 2015 PUB DATE: July 28, 2015

Hartford Financial Services Group Inc. said its second-quarter core earnings more than doubled, rising well above analysts' estimates, helped by improved underwriting results. The company also announced plans to boost its dividend and increase stock buyback and debt repayments. The ...

Melrose Sells Elster to Honeywell for $5.1 Billion

TODAY: July 28, 2015 PUB DATE: July 28, 2015

LONDON?Manufacturing group Melrose Industries PLC said Tuesday it has agreed to sell its German-based energy and water business, Elster Group GmbH, to Honeywell International Inc. for £ 3.3 billion ($5.1 billion) in cash. Melrose intends to use the proceeds to ...

Zurich Insurance May Seek to Buy U.K. Insurer RSA

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Neil MacLucas ZURICH--Zurich Insurance Group AG said Tuesday it is considering a potential offer for the U.K. insurer RSA Insurance Group PLC. The Swiss insurer said that it is responding to media speculation about a bid for its U.K. ...

GKN Raises Aerospace Stakes with Fokker Buy--Update

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Robert Wall LONDON-- GKN PLC has agreed to buy the Netherland's historic Fokker Technologies Group BV as the British engineering company deepens its bet on the aerospace sector. The British supplier of plane parts to Boeing Co. and Airbus ...

Smaller Chinese Cities Miss Housing Recovery

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Esther Fung CHANGCHUN, China--The name of this city in northeastern China means eternal spring, a misnomer for a place where winter temperatures can reach as low as -30 degrees Celsius (-22 Fahrenheit). But while the housing markets in some ...

Stocks Steady as China Bounces Back -- Update

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Tommy Stubbington Global stock markets steadied on Tuesday after heavy declines, as Chinese shares bounced back from their lows in another roller coaster session. In Europe, the Stoxx Europe 600 was up 0.8% midmorning. The index had fallen 2.2% ...

Mylan's Leverage to Resist Teva Deal Reveals Shift in Rules

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Shayndi Raice and Liz Hoffman At a heated meeting with Mylan NV's executive team in a Manhattan conference room in May, several investors complained about the drug maker's resistance to a $40 billion takeover proposal from Teva Pharmaceutical Industries ...

GM to Invest $5 Billion in Designing Emerging Market Cars

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By John D. Stoll General Motors Co. will work with a Chinese auto maker on a $5 billion initiative to overhaul how it creates cars for developing markets, a move that represents the U.S. auto maker's first major development project ...

Melrose Sells Elster to Honeywell for $5.1 Billion

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Alex MacDonald LONDON--Manufacturing group Melrose Industries PLC said Tuesday it has agreed to sell its German-based energy and water business, Elster Group GmbH, to Honeywell International Inc. for GBP3.3 billion ($5.1 billion) in cash. Melrose intends to use the ...

Thailand's Finance Ministry Braces for Lower Growth in 2015

TODAY: July 28, 2015 PUB DATE: July 28, 2015

Nopparat Chaichalearmmongkol BANGKOK-Thailand's finance ministry cut its 2015 growth estimate for the third time this year, citing continued pressure from the global economic slowdown. According to the ministry's Fiscal Policy Office, Thailand's GDP should expand 3.0% this year, down from ...

Economist Gertjan Vlieghe to Join BOE Rate-Setting Committee

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Paul Hannon The U.K. government Tuesday named Gertjan Vlieghe, an economist at Brevan Howard Asset Management, to sit on the Bank of England's Monetary Policy Committee. From Sept. 1, Mr. Vlieghe will serve a three-year term as one of ...

GKN Upgrades Aerospace Stakes With Fokker Buy

TODAY: July 28, 2015 PUB DATE: July 28, 2015

LONDON?GKN PLC has agreed to buy the Netherland's historic Fokker Technologies Group BV as the British engineering company deepens its bet on the aerospace sector. The British supplier of plane parts to Boeing Co. and Airbus Group SE said it ...

ASIA MARKETS: China Shares Weak A Day After Record Plunge

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Chao Deng China's shares bounced from their lows Tuesday, after an 8.5% drop a day earlier spurred declines in global markets and prompted questions about what Beijing's next steps to stem selling might be. The Shanghai Composite Index was ...

Rising Costs Strike at German Competitiveness

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Nina Adam FRANKFURT--Spiraling German labor costs are starting to undermine the country's famed competitiveness, threatening to hurt economic growth and investment in Europe's largest economy. Propelled by a healthy economy and record-low unemployment, labor costs here are rising fast, ...

ASIA MARKETS: China Shares Weak A Day After Record Plunge

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Chao Deng China's shares bounced from their lows Tuesday, after an 8.5% drop a day earlier spurred declines in global markets and prompted questions about what Beijing's next steps to stem selling might be. The Shanghai Composite Index was ...