Archive for March, 2014

Wall Street rises on Yellen's view; S&P scores modest first quarter gain

March 31st, 2014

Wall Street rises on Yellen's view; S&P scores modest first quarter gain

Traders William Lawrence and Justin Flinn work on the floor of the New York Stock ExchangeBy Ryan Vlastelica NEW YORK (Reuters) – U.S. stocks rose on Monday, with the S&P 500 ending both March and the first quarter of 2014 with moderate gains, after Federal Reserve Chair Janet Yellen relieved concerns about a rate hike coming earlier than expected. This was the fifth straight quarterly rise for both the S&P 500 and the Nasdaq, though it was the smallest three-month advance for both since the fourth quarter of 2012. Both the Dow and the S&P 500 rose for a second straight month in March. Gains were broad, with nine of the S&P 500's 10 sector indexes rising for the day.

Source
Stock Markets News Headlines – Yahoo! News

Wall St rises on Yellen's view; S&P scores modest Q1 gain

March 31st, 2014

Wall St rises on Yellen's view; S&P scores modest Q1 gain
By Ryan Vlastelica NEW YORK (Reuters) – U.S. stocks rose on Monday, with the S&P 500 ending both March and the first quarter of 2014 with moderate gains, after Federal Reserve Chair Janet Yellen relieved concerns about a rate hike coming earlier than expected. This was the fifth straight quarterly rise for both the S&P 500 and the Nasdaq, though it was the smallest three-month advance for both since the fourth quarter of 2012. Both the Dow and the S&P 500 rose for a second straight month in March. Gains were broad, with nine of the S&P 500’s 10 sector indexes rising for the day.
Source
Stock Markets News Headlines – Yahoo! News

Gas Natural Reports 2013 Earnings Per Share up 54% and Announces Monthly Dividend of $0.045 Per Share

March 31st, 2014

Gas Natural Reports 2013 Earnings Per Share up 54% and Announces Monthly Dividend of $0.045 Per Share
MENTOR, Ohio, March 31, 2014 /PRNewswire/ — Gas Natural Inc. (NYSE MKT: EGAS) (“Gas Natural” or the “Company”), a holding company operating local natural gas utility companies serving …
Source
Stock Markets News Headlines – Yahoo! News

In Empty Space Of A Name Not Added, Climate Report Reveals Discord

March 31st, 2014

In Empty Space Of A Name Not Added, Climate Report Reveals Discord

A U.N. panel released an assessment of how climate change will affect humans’ lives. The report is the consensus of hundreds of scientists, but one of them refused to put his name to it.

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Economy

Exxon: Highly unlikely world limits fossil fuels

March 31st, 2014

Exxon: Highly unlikely world limits fossil fuels
NEW YORK (AP) — Exxon Mobil says that global policies to combat climate change won’t be strict enough to stop the company from selling all of the oil and gas it has found — and all that it will find in the foreseeable future, It says the fuels are too important for global economic development.
Source
Economy News Headlines – Yahoo! News

Yellen strongly defends easy Fed policies, cites U.S. labor slack

March 31st, 2014

Yellen strongly defends easy Fed policies, cites U.S. labor slack

United States Federal Reserve Chair Janet Yellen speaks at the 2014 National Interagency Community Reinvestment Conference in ChicagoBy Jonathan Spicer CHICAGO (Reuters) – Federal Reserve Chair Janet Yellen gave a strong defense of the central bank's easy-money policies on Monday, saying its "extraordinary" commitment to boosting the economy, especially the still struggling labor market, will be needed for some time to come. In her first public speech since becoming Fed chair two months ago, Yellen cited the struggles of three American workers in backing the policies of low interest rates and continued bond-buying. …

Source
Economy News Headlines – Yahoo! News

FOREX-Dollar dips as Fed head defends easy-money policies

March 31st, 2014

FOREX-Dollar dips as Fed head defends easy-money policies
* Yellen says considerable slack in U.S. economy, jobs market


Source
Reuters: US Dollar Report

ING removes Pimco as subadvisor of bond funds totaling $3.7 billion: SEC

March 31st, 2014

ING removes Pimco as subadvisor of bond funds totaling $3.7 billion: SEC
(Reuters) – Pacific Investment Management Co. has been removed as subadvisor of two bond funds totaling $3.7 billion offered by ING U.S. Investment Management, though the decision by ING was made…


Source
Reuters: Money

Avoid losses on your bond funds by going unconventional

March 31st, 2014

Avoid losses on your bond funds by going unconventional
(The author is a Reuters columnist and the opinions expressed are his own. For more from John Wasik see http://link.reuters.com/syk97s)


Source
Reuters: Money

Wells Fargo Advisors unit hires adviser from Merrill Lynch

March 31st, 2014

Wells Fargo Advisors unit hires adviser from Merrill Lynch
(Reuters) – Wells Fargo Advisors’ independent brokerage arm has hired a financial adviser from Merrill Lynch.


Source
Reuters: Money