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News & Updates
March 16, 2015 Dollar Falls as Oil Hits 6-Year Low; Europe Stocks ClimbSource: Bloomberg
The dollar slipped and Treasuries rallied before this week’s Federal Reserve meeting, while oil in New York touched its lowest level since 2009 amid increased projections for U.S. output. European stocks rose and Chinese shares...
March 16, 2015 Climate change: UN backs fossil fuel divestment campaignSource: The Guardian
The UN organisation in charge of global climate change negotiations is backing the fast-growing campaign persuading investors to sell off their fossil fuel assets. It said it was lending its “moral authority” to the divestment...
March 13, 2015 Here's How To Fix The CEO Pay ProblemSource: Washington Post
We’re doing CEO pay wrong. Incentive pay -- compensation based on verifiable performance measures like stock price -- is on the rise. It’s supposed to help align executives’ interests with those of shareholders. Instead, it leads...
NEW YORK - Global oil prices fell on Thursday on estimates showing another big supply build at the delivery point for the U.S. crude contract, with trade volatile ahead of the expiry of the front-month in benchmark Brent oil.
March 13, 2015 Fake IRS agents target more than 366,000 in huge tax scamSource: Tampa Bay Times
WASHINGTON — Fake IRS agents have targeted more than 366,000 people with harassing phone calls demanding payments and threatening jail as part of a huge nationwide tax scam.
March 13, 2015 US household wealth touches record high: Nearly $83 trillionSource: Bellingham Herald
WASHINGTON — Fueled by higher stock and home values, Americans' net worth reached a record high in the final three months of 2014. Household wealth rose 1.9 percent during the October-December quarter to nearly $83 trillion, the...
Source: Irish Times
Commerzbank agreed to pay $1.45 billion to settle multiple US investigations, closing the door on half a decade of legal woes over claims of sanctions violations and its role in one of Japan’s biggest accounting scandals.
March 13, 2015 Bonds Drop as Dollar Holds Loss to Euro Before U.S. DataSource: Bloomberg
European bonds fell with Treasuries and the dollar held yesterday’s loss versus the euro before U.S. sentiment and producer price data. Most European stocks rose with gold.
U.S. markets moved broadly higher on Thursday to rebound from an early-week drubbing after the euro placed a temporary halt on its downward shift toward parity. Stocks on the Dow Jones Industrial Average gained more than 1.25%,...
March 13, 2015 Wind Power Without U.S. Subsidy to Become Cheaper Than GasSource: Bloomberg
Wind power will be cheaper than electricity produced from natural gas within a decade, even without a federal tax incentive, according to a U.S. Energy Department analysis.
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