American mutual funds are scouring Europe for bargains, snapping up Dutch oil drillers, French drugmakers and Swiss food producers on speculation the region’s rally is just beginning as the U.S. bull market ages.
YRC Worldwide Inc., the trucker seeking worker concessions to help refinance almost $1 billion of debt, rose the most in four weeks after the Teamsters union agreed to vote on the givebacks next month.
By Mark Maske Dec. 9 (Washington Post) -- Mike Shanahan's coaching tenure with the Washington Redskins appears closer than ever to ending. Members of the Redskins' front office believe fractures in the relationship between Shanahan and team owner Daniel Snyder are now so deep that they are skeptical Shanahan can remain with the franchise beyond this season, several people familiar with the situation said Sunday. Shanahan's future was cast into doubt as the Redskins suffered a demoralizing, 45-10 loss to the Kansas City Chiefs on a cold and sloppy day before the smallest announced crowd since Fed Ex Field opened in 1997. Some fans threw snowballs toward the Redskins' bench, and one was removed by stadium security personnel for screaming at Shanahan late in the game. Most of the fans who did show up were long gone before the game ended, with the Redskins' record dropping to 3-10 one year after they won the NFC East title.
It was the most important money vote in the Illinois General Assembly in recent memory. The $160 billion bill would rescue the public-employee retirement system and help restore fiscal stability to the U.S. state with the lowest credit rating.
Tornadoes and thunderstorms that swept across the U.S. Midwest last month will probably cost more than $1 billion in economic losses, led by damage in Illinois and Indiana, according to insurance broker Aon Plc.
Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., said unprecedented monetary accommodation has lifted prices of stocks and bonds to levels that exceed measures of true value.