Business News

Japan Stocks Roar 5 Percent, Yen Falls On Stimulus

Posted: 10/30/2014 - Japan's Nikkei 225 stock average surged 5 percent and the yen slid against the dollar after the Bank of Japan unexpectedly announced new stimulus to boost a flagging economic recovery.

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Economic News

  • U.S. Wages Show Fresh Sign of Breakout
    U.S. employers’ labor costs picked up this summer for the second straight quarter, a sign that worker pay could finally break out of its postrecession pattern of sluggish growth.
  • U.S. Consumers Cut Spending
    Americans cut spending last month for the first time since January, raising doubts about the economy’s ability to maintain the summer’s sturdy growth.
  • U.S. Extends Solid Growth, Sidestepping Global Tumult
    The U.S. economy expanded at a healthy 3.5% annual pace during the third quarter, a sign of sustained growth fueled by government spending and a narrower trade deficit despite mounting concerns about the health of overseas economies.
  • BOJ Unexpectedly Eases Policy
    The Bank of Japan on Friday unexpectedly announced additional stimulus measures, bolstering its asset purchases for the first time in over a year and a half, as its 2% inflation target looks increasingly untenable.
  • Fed Closes Chapter on Easy Money
    The Federal Reserve said it would end its long-running bond-purchase program, concluding a historic experiment that stirred disagreement among policy makers, economists and investors about its impact.
  • Jobless Claims Remain at Historically Low Levels
    The number of new claims for jobless benefits rose last week but remained at historically low levels, supporting other signals of an improving labor market.
  • Economy Stokes Anger at Governors
    Despite rising consumer confidence, Republican and Democratic governors are struggling in Florida, Colorado, Michigan and Connecticut.
  • Sanctions Are Seen Hurting Moscow
    The European Union estimates its sanctions on Russia will only have a modest impact on the bloc’s economy this year and next but will slice 1.1 percentage points off Russia’s growth rate next year.

US Business News

  • Apple CEO Cook Is 'Proud to Be Gay'
    Apple’s Tim Cook said he is “proud to be gay,” a declaration that puts an openly gay man at the helm of the world’s most valuable company.
  • The New Science of Food Additives
    Americans’ growing appetite for food with bold and exotic tastes is bumping up against another trend—demand for more-natural food—complicating the industry’s R&D efforts and potentially raising costs.
  • Wal-Mart Weighs Matching Web Prices
    Wal-Mart is testing a program to match online prices from rivals like Amazon this holiday season, a move that could make the discounter more competitive but cut into profits.
  • Exxon Posts Strong Results
    Exxon said its third-quarter earnings edged up 2.5% as higher refining margins and improvements at its refining and marketing segment helped offset lower production.
  • Former Android Leader Leaving Google
    Andy Rubin, co-founder and former leader of Google Inc.’s Android mobile business and the current head of its nascent robotics effort, is leaving the Internet company, the company said Thursday.
  • Sony Posts Hefty Loss
    Sony reported a $1.2 billion loss after writing down the value of its struggling smartphone business, but strong PlayStation sales brightened up the quarterly report.
  • U.S., Russia Drag on AB InBev Sales
    Anheuser-Busch InBev reported that weakness in the U.S., Russia and Ukraine weighed on sales volumes in the third quarter, even as cost cuts and strong sales elsewhere boosted profit.
  • Japan's SoftBank Takes Hard Look at America Movil Assets
    SoftBank Corp., the Japanese telecom and technology giant, is taking a hard look at wireless assets that have been put up for sale by America Movil.
  • Altice to Make Firm Offer for PT Portugal
    Telecom company Altice is set to make a firm offer to buy PT Portugal from its Brazilian owner, according to people familiar with the matter.
  • Apple Pay Moves World Closer to Mobile Payment Acceptance
    ApplePay’s recent launch in the U.S. is the latest indication that paying for things with our phones will become more normal, but for most, “normal” remains some way away.
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