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2016-07-28

Currencies: Dollar pulls back vs. yen as investors await BOJ outcome

After the dollar rallied to as high as ¥106.54 Wednesday expectations for the policy announcements, investors Thursday were largely adjusting their positions to be more neutral ahead of the BOJ decision.

posted 2016/07/28 by MarketWatch.com - Top Stories

Futures Movers: Oil prices catch a small break from weaker dollar

Despite the slight rise in prices, both benchmarks have lost nearly 6% this week so far, as a growing surplus of gasoline is fueling fears that demand for crude will languish in the coming months.

posted 2016/07/28 by MarketWatch.com - Top Stories

The Wall Street Journal: Atlas Resource files for Chapter 11 to rid $900 million in debt

Atlas Resource Partners LP filed for chapter 11 bankruptcy Wednesday evening after negotiating a plan to slash some $900 million in debt off its books.

posted 2016/07/28 by MarketWatch.com - Top Stories

Asia Markets: Asian markets fall ahead of Bank of Japan meeting

Shares in Japan dragged on Asian markets Thursday as investors remained cautious about a potential stimulus package from the country’s government, while in China, worries about a possible clampdown on wealth management products weighed on buying interest.

posted 2016/07/28 by MarketWatch.com - Top Stories

The Wall Street Journal: Michael Bloomberg rips Trump as ‘a con,’ ‘a dangerous demagogue’

Billionaire businessman Michael Bloomberg delivered a stinging rebuke of GOP presidential nominee Donald Trump at the Democratic National Convention Wednesday night, calling him a “dangerous demagogue.”

posted 2016/07/28 by MarketWatch.com - Top Stories

The Wall Street Journal: BHP Billiton takes $1 billion hit over Brazil dam disaster

BHP Billiton Ltd. said its annual net profit will be crimped by charges of more than $1 billion relating to last year’s deadly dam failure at Brazilian iron-ore mining operations it jointly owns with Vale SA.

posted 2016/07/28 by MarketWatch.com - Top Stories

MarketWatch First Take: Facebook’s rapid growth is about to slow down

Don’t get too giddy about the heady growth Facebook reported Wednesday, because the company threw up a giant caution sign in its conference call.

posted 2016/07/28 by MarketWatch.com - Top Stories

2016-07-27

The Wall Street Journal: FTC give go-ahead for Mylan’s $7.2 billion purchase of Meda

Mylan NV has received U.S. Federal Trade Commission approval for its roughly $7.2 billion purchase of Swedish rival Meda, conditioned on Mylan divesting rights to two generic drugs.

posted 2016/07/27 by MarketWatch.com - Top Stories

The Wall Street Journal: Obama, Democratic heavy hitters set to vouch for Clinton’s credentials

President Barack Obama planned to vouch for Hillary Clinton’s foreign-policy credentials in a speech Wednesday intended to rebut Republican criticism of her record as secretary of state.

posted 2016/07/27 by MarketWatch.com - Top Stories

The Wall Street Journal: Tim Kaine tries to win over skeptics at DNC

Sen. Tim Kaine of Virginia was set to accept the Democratic vice presidential nomination Wednesday night, introducing himself to a national audience as well as liberal colleagues within his own party who are skeptical about his centrist record on economic…

posted 2016/07/27 by MarketWatch.com - Top Stories

The Wall Street Journal: China’s Taikang Life Insurance reveals 13.5% stake in Sotheby’s

Taikang Life Insurance Co. has disclosed a 13.5% stake in Sotheby’s, citing a “positive view” of the auction company’s prospects as well as potential interest in a board seat.

posted 2016/07/27 by MarketWatch.com - Top Stories

The Wall Street Journal: Alcoa plans to boost stock with 1-for-3 reverse split

Alcoa Inc. plans to cut the number of its publicly traded shares with a 1-for-3 reverse stock split, as the aluminum maker prepares to split into two companies.

posted 2016/07/27 by MarketWatch.com - Top Stories

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