| National Grid in $26m US inquiry Electricity group accused of trying to charge consumers $26m in excessive costs, including expenses for school fees and transport of wine collection. telegraph.co.uk |
Excerpts of the Fed's Beige Book by region The following are regional excerpts from the Federal Reserve’s commentary on current economic conditions, better known as the Beige Book. feeds.marketwatch.com |
Propelling the Profit Comeback U.S. companies are rebounding quickly from the recession and posting near-historic profits, the result of aggressively re-tooling their operations to cope with lower revenue and an uncertain outlook. online.wsj.com |
FTSE 100 edges up as travel, utility shares rise The FTSE 100 index ticked up 0.5pc tio 5584.10 in lunchtime trading after Increases in utilities and travel shares during morning trading. telegraph.co.uk |
Bond Report: U.S. 2-year yields fall to new record low Treasury prices add to gains, pushing 2-year yields to still-another record low, after a Labor Department report shows initial jobless claims last week at the lowest level in three months. The market keys on expectations for further easing by the Federal Reserve. feeds.marketwatch.com |