Plunging yields on fixed-income debt are forcing some investors to “reach well beyond their normal investment ‘comfort zone,’” by taking on more credit risk or buying longer-duration debt, according to Wells Fargo & Co.
Medical teams, aid workers and soldiers crammed onto flights to Tacloban city in central Philippines as survivors told of desperation over the trickle of supplies to the area six days after Typhoon Haiyan caused massive destruction.
Seattle’s chief technology officer, Bill Schrier, is bracing for a 6 percent budget cut in 2012, bigger than this year’s, a sign of tighter spending that indicates slower sales gains for Microsoft Corp. and Intel Corp.
A lawmaker seeking to curb smuggling of bottles and cans into California for cash redemption is invoking Newman and Kramer from the “Seinfeld” television show -- and a scam they hatch that leads to a car chase and a damaged mail truck.
Rescuers in the Philippines battled to deliver emergency aid to areas ravaged by Super Typhoon Haiyan, which may have killed more than 10,000 people, as blocked roads and constant rainfall hampered relief efforts.