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, …
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Average US rate on 30-year mortgage drops to 3.75 percent
WASHINGTON (AP) — Average long-term mortgage rates have fallen for the first time in four weeks and remain near historic lows reached in May 2013.
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 …
The Tell: Warren Buffett’s investing tip for LeBron James: Stick with an index fund
Warren Buffett isn’t recommending stock picking, real estate or gold to LeBron James. He says go with an index fund.
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 …
Executives face spring offensive on pay
Protests expected at company meetings ahead of general election
Preview for NFPs and Trade Setups in USD-pairs
The unemployment rate and average hourly earnings figures represent the meat of the report, not the headline NFP number.
US Dollar Technical Analysis: Five-Week Range Top Broken
Read entire story. Source: DailyFX – Technical Analysis
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 ……
Jawbone found in Ethiopia sheds light on the earliest known fossil of the genus Homo
A piece of jawbone with teeth attached, uncovered in Ethiopia, is the earliest known fossil of the genus Homo, to which humans belong, researchers said Wednesday. The discovery suggests that humankind’s ancestors were living in what is now the Ledi-Geraru research area of Afar Regional State, Ethiopia, in open …
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 …
Bjoerk: Earth intruder?
Ahead of a huge retrospective at MoMA in New York, the exhibition’s curator looks back at the work of a truly unique artist.
Every Friday, These Senior Citizens Turn Burger King Into A Hawaiian Music Fest
Thanks to a handful of musical retirees, we’ve found the world’s happiest fast food joint. Every Friday morning, a group of retired individuals from all over the Hawaiian island of Oahu come together at a local Burger King to start the day with a kanikapila — the Hawaiian equivalent of a …
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 …
Latest wireless spectrum auction results to be revealed this morning
The federal government is about to unveil the results of the latest spectrum auction, which saw 10 cellular service carriers bid for the rights to use chunks of Canada’s digital airwaves.
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 …