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News & Updates

May 11, 2016 Disney misses analysts' expectations for second quarter and discontinues Infinity gaming line

Source: LA Times

The Walt Disney Co.'s film studio led the Burbank company to a 2% increase in profit for the fiscal second quarter, but the company missed analysts' expectations.

May 10, 2016 Europe Stocks Rise for 2nd Day as Credit Suisse Leads Bank Gains

Bloomberg - The Stoxx Europe 600 Index added 0.8 percent at 8:13 a.m. in London, as nine out of ten shares rose. The benchmark closed 0.5 percent higher yesterday amid optimism over continued central-bank support, while giving up...

May 10, 2016 Midas touch gone, hedge fund industry's influence may be waning

Source: Reuters

After a decade in which hedge fund assets nearly doubled, there are several signs that the golden era for the $2.9 trillion industry may be on the wane, draining the influence of fund managers who once considered themselves...

May 10, 2016 Cameron on 'Brexit': 'Isolationism has never served this country well'

Source: CNN

British Prime Minister David Cameron has outlined his "big, bold, patriotic case" for the UK to stay in the European Union, saying that the country would be weaker and less-equipped to combat terrorism if it voted to leave.

May 10, 2016 The median female CEO actually out-earned her male peer in 2015

Source: Washington Post

The gender pay gap is a persistent phenomenon, research shows, affecting women ranging from young female college graduates to mid-career mothers to even groups of top executives.

May 10, 2016 Solar industry chalks up latest record low-cost milestone

Business Green - Analyst Bloomberg New Energy Finance said the bid from the planned 800MW solar farm was 15 per cent lower than the previous cost record set by a project in Mexico last month. The bid also means a solar project...

May 10, 2016 Greek debt analysis shows serious concerns over its sustainability

Source: ekathimerini.com

There are serious concerns about the long-term sustainability of Greek debt, a document prepared by the euro zone's bailout fund showed on Monday, as finance ministers started a discussion how to make Greece's debt servicing...

May 10, 2016 Panama Papers reveal at least 36 Americans accused of financial crimes

Source: USA Today

The journalism organization behind the Panama Papers made available to the public for the first time Monday a massive database covering more than 360,000 people and companies that have used off-shore accounts to hide assets,...

May 10, 2016 Fed's Kashkari says current U.S. interest rates 'about right'

Source: Reuters

Minneapolis Federal Reserve Bank President Neel Kashkari on Monday signalled his support for the cautious and patient approach to rate hikes laid out by Fed Chair Janet Yellen, saying the current stance of monetary policy is...

May 9, 2016 Gas prices climb to six-month high, AAA reports

Source: SouthMdNews

Gas prices Monday were at their highest levels in more than six months, and the national average has remained above $2 per gallon for 40 consecutive days.

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