S&P downgrades Areva debt further into junk status

By Geert De Clercq PARIS (Reuters) – Standard & Poor's cut the credit rating of Areva two notches deeper into non-investment grade status after the French nuclear group posted a record 2014 loss. The rating agency cut Areva's long-term debt to BB- from BB+ with a developing outlook, …

We Tried to Re-Create JPMorgan’s Mutual Fund Returns and Gave Up – Bloomberg

BloombergWe Tried to Re-Create JPMorgan's Mutual Fund Returns and Gave UpBloombergLast month at JPMorgan Chase's 2015 investor day—where executives discuss results for the previous year in front of analysts and shareholders—the bank displayed impressive numbers for the performance of its mutual funds. Pie charts in the asset …and …

Congress Facing Huge Pressure To Lift Oil Export Ban

A lobbying blitz is underway to scrap the decades old ban on crude oil exports from the United States. Originally implemented during price spikes in the 1970’s, oil exports from the U.S. have been legally blocked, save for exemptions given to exports to Canada. That was largely a nonissue …

Global banks: Cocking up all over the world

UK Only Article: standard article Issue: The new nuclear age Fly Title: Global banks Rubric: Badly managed and unrewarding, global banks need a rethink BANKS are yet again in trouble—not pure investment banks such as Lehman Brothers, or mortgage specialists such as Northern Rock; but a handful of huge global …

SAP to Cut Jobs Amid Transition – Wall Street Journal

Wall Street JournalSAP to Cut Jobs Amid TransitionWall Street JournalFRANKFURT— SAP SE said it plans job cuts that could affect as much as 3{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} of its current global workforce, as the German software company transitions from offering installed applications to a cloud-based business model. The company declined to specify ……

Theater: Forecast is for a gripping show

KEVIN BERNE/THEATREWORKS Siblings Vijay and Priya confront the bookie for their late father as they sort through his affairs in The Lake Effect, Rajiv Joseph ponders the ripples of a closed family business and its legacy in The Lake Effect. The latest drama from the Pulitzer-nominated playwright of …

Euro-Parity Predictions Reignited by Draghi’s QE Program – Bloomberg

Charlotte ObserverEuro-Parity Predictions Reignited by Draghi's QE ProgramBloombergMario Draghi, president of the European Central Bank, speaks during a news conference following an ECB meeting in Nicosia, Cyprus. Photographer: Yorgos Karahalis/Bloomberg. Recommended. We Tried to Re-Create JPMorgan's Mutual Fund Returns …As euro hits 12-year low, parity …

Pakistan customs bag record haul of illegal turtle meat

Karachi (AFP) – Pakistani authorities are investigating after nearly two tonnes of freshwater turtle meat — a record haul taken from more than 4,000 animals — was seized from smugglers at Karachi port, officials said Friday.Customs officers last week foiled an attempt to smuggle 1.9 tonnes of turtle meat falsely labelled as fish meat …

Baggage, fuel charges here to stay says Air Canada CEO

Airline passengers may not like paying extra to check a bag, or get preferred seating or the hated fuel surcharge, but none of those charges are going away soon, according to Air Canada CEO Calin Rovinescu. The industry has spent a decade getting its customers accustomed to paying extra fees …