Draghi: ECB Monetary Policy Is Stimulating the Economy -- Update

TODAY: May 2, 2016 PUB DATE: May 2, 2016

By Todd Buell FRANKFURT--European Central Bank President Mario Draghi issued a strong defense of accommodative monetary policy Monday, saying that there was no alternative to such policy in an environment where inflation remains very weak. He also said that low ...

Lenders Tighten Loan Standards for Oil, Gas Businesses

TODAY: May 2, 2016 PUB DATE: May 2, 2016

Lenders in the U.S. tightened standards and restructured loans for businesses in the oil and gas sector in the opening months of the year amid slumping natural resource prices, according to a Federal Reserve survey of senior loan officers. Crude ...

EUROPE MARKETS: European Stocks Give Up Gains As Banking Sector Slumps

TODAY: May 2, 2016 PUB DATE: May 2, 2016

By Barbara Kollmeyer, MarketWatch London closed for May Day holiday European stocks slipped into negative territory Monday as bank shares were down for some regional markets, while Germany stocks pulled ahead thanks to the pharmaceutical and reinsurance sectors. Activity was ...

Sugar Futures Move Lower in Short-Term Slump

TODAY: May 2, 2016 PUB DATE: May 2, 2016

By Julie Wernau Sugar futures dropped on short-term speculative selling tied to the Brazilian real, which weakened against the dollar for the first time in six sessions. Brazil is the largest producer of the sweetener in the world and has ...

Halyard Health Denies '60 Minutes' Allegations

TODAY: May 2, 2016 PUB DATE: May 2, 2016

Halyard Health Inc. on Monday denied allegations in a "60 Minutes" report that the medical products and devices maker deliberately sold defective protective equipment to health-care workers following the recent Ebola outbreak. The company's stock slipped 0.9% to $27.90 in ...

Oracle to Buy Utilities-Software Maker Opower

TODAY: May 2, 2016 PUB DATE: May 2, 2016

Oracle Corp. said it agreed to acquire utilities cloud-services provider Opower Inc., expanding the database giant's portfolio of cloud software for the utilities industry. Oracle will pay $10.30 a share in cash, a roughly 30% premium over Friday's closing price. ...

Australian Craig Wright Claims He Is Bitcoin Inventor

TODAY: May 2, 2016 PUB DATE: May 2, 2016

LONDON?An Australian man long thought to be associated with the digital currency bitcoin has publicly identified himself as its creator. BBC News on Monday said Craig Wright told the media outlet he was the man previously known by the pseudonym ...

Gold Gains On Weaker Dollar

TODAY: May 2, 2016 PUB DATE: May 2, 2016

By Stephanie Yang Gold prices rose on Monday, helped by a weaker U.S. dollar and lower risk appetite among investors. Gold for June delivery settled up 0.4% at $1,295.80 a troy ounce on the Comex division of the New York ...

U.S. Stocks Bounce Higher

TODAY: May 2, 2016 PUB DATE: May 2, 2016

By Riva Gold and Aaron Kuriloff U.S. stocks rose Monday, bouncing back after their biggest weekly decline since February. The Dow Jones Industrial Average climbed 110 points, or 0.6%, to 17886. The S&P; 500 gained 0.7%, and the Nasdaq Composite ...

Grain Traders Rejecting New Soybeans Developed by Monsanto -- Update

TODAY: May 2, 2016 PUB DATE: May 2, 2016

By Jacob Bunge U.S. grain companies plan to reject Monsanto Co.'s new genetically modified soybeans, over concerns that they could disrupt international trade without a key regulatory approval from the European Union. Trade groups representing Cargill Inc., Archer Daniels Midland ...

MARKET SNAPSHOT: Stocks End Higher; Nasdaq Snaps 7-day Losing Streak

TODAY: May 2, 2016 PUB DATE: May 2, 2016

By Sue Chang and Ellie Ismailidou, MarketWatch Apple sees longest string of daily losses in 18 years Stocks closed higher and near session highs Monday, with the Nasdaq Composite snapping a seven-day streak of losses after data showed slow-but-steady economic ...

Halliburton, Baker Hughes to Call Off Merger

TODAY: May 2, 2016 PUB DATE: May 2, 2016

Halliburton Co. and Baker Hughes Inc. are planning to call off their merger, once valued at nearly $35 billion, which encountered opposition on multiple continents from regulators who claimed that it would hurt competition in the oil-field services business. The ...