BofA Merrill Lynch Fund Manager Survey Finds Investors Migrating out of U.S. Equities Amid Expectations of Fed Rate Hike

Dateline City: NEW YORK Preference for European Equities at Record High Global investors have significantly pared back U.S. equity allocations as belief grows that the U.S. Federal Reserve will raise rates in the second quarter, according to the BofA Merrill Lynch Fund Manager Survey for March. A net 19 percent of global Read more [...]

Federal Student Loan Default Rate Drops

The federal student loan default rate dropping from 14.7 percent to 13.7 percent is a move in a good direction. But what’s behind this number and how could the number improve further? How the default rate is determined Default rates are based on the number of students who’ve default on at least […]
Forbes – Personal Finance

TUC demands more progress on low pay, as jobless rate falls to just 6.2% – business live

Pay increases are less than half the rate of inflation, so living standards keep on falling, says TUC chief.TUC: too many low-paid jobsThe old wage/employment relationship has broken downCameron: Remarkable figures todayUK jobless rate hits 6.2% <- coverage starts hereAverage earnings up but still lagging inflationThe key chartsClaimant count drops below one million Continue reading... Business | The Guardian Read more [...]

US growth rate revised up; Ukraine crisis hits markets and eurozone confidence business live

Rolling business and financial news through the dayLatest: US economy grew by 4.2% in Q2 <- details start hereGerman inflation rate steady at 0.8%Stock markets hit by Russia-Ukraine crisisPessimism rising in the eurozoneGerman unemployment total up by 1,000French economy minister: 35 hour week could go Continue reading... Business | The Guardian Read more [...]

BofA Merrill Lynch Fund Manager Survey Investors Turning to Cash as Geopolitics and Interest Rate Rise Fears Bite

Dateline City: NEW YORK Europe Bears Brunt of Falling Sentiment but Emerging Markets Thrive Rising geo-political temperatures combined with the threat of rising U.S. interest rates have led global investors to scale back risk and take cash levels to two-year highs, according to the BofA Merrill Lynch Fund Manager Survey for August. Read more [...]

UK jobless rate falls to five-year low, but real wages shrink again — business live

Business | The Guardian

Con-way Freight Announces 2014 General Rate Increase

Con-way Freight, the nationwide less-than-truckload (LTL) carrier of Con-way Inc. (NYSE:CNW), announced today that it will institute a general rate increase averaging 5.4 percent applicable to non-contractual business, effective March 31. The rate increase will be implemented for customers on the company’s CNW 599 tariff and will apply to general LTL rates, minimum charges and accessorial or supplemental fees for special services associated with LTL shipments moving within the United States Read more [...]