Kavin Suphanich

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Bank of Japan ups economic outlook

LOS ANGELES (MarketWatch) — The Bank of Japan raised its economic assessment at the end of its two-day meeting on Wednesday, while holding its policy …

Bank of Japan

Europe stocks climb after Bernanke comments

LONDON (MarketWatch) — European stock markets climbed to an almost five-year high on Wednesday, after U.S. Federal Reserve Chairman Ben Bernanke …

Stock Markets

Sony considers Loeb’s spin-off proposal, but rebirth might require a miracle gadget

Activist investor Dan Loeb’s call to partially spin off Sony’s entertainment division got a remarkably civil response on Wednesday, as Sony said it would discuss the proposal with its board. Japan’s Nikkei newspaper reported that Sony is also hiring financial advisors to evaluate the deal.<p>Investors …

Manufacturing orders low but firms more hopeful

Manufacturing orders have remained low this month, according to the CBI's latest industrial trends survey, but businesses are confident that the outlook is brighter.<p>A poll of 404 businesses found that growth in output was broadly flat over the three months to May, again disappointing expectations …

Park Geun-hye

Rank: 11<br>Park, 61, is South Korea's first female president; she was elected with the nation's highest turnout rate in 15 years. Park presides over the world's 15th largest GDP at $1.16 trillion but its once burgeoning export economy has been challenged by China and Japan as well as international …

Oil under $95 on hefty U.S. supply, QE musings

SAN FRANCISCO (MarketWatch) — Crude-oil futures fell Wednesday to settle well below $95 a barrel as a U.S. government report showing a modest weekly …

Oil

Not A Billionaire: After Yahoo Deal, Tumblr Founder David Karp Is Worth Just Under $200 Million

David Karp didn’t finish high school. That didn’t stop him from working his way into the 1 percent.<p>On Monday, when Yahoo announced it would acquire Karp’s Tumblr, rumors swirled across the Web that the 26-year-old entrepreneur had become a billionaire, joining the likes of Facebook cofounders Mark …

Great (Fed) Expectations Point Stocks Higher

U.S. stock market index futures indicated a higher opening on Wednesday, just ahead of Federal Reserve Chairman Ben Bernanke's remarks on the economy …