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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jun 15, 2015
Page
13
Boeing and Airbus are set to announce at least 220 orders for narrow body jets worth about 23 billion dollars as the Paris Air Show opens. The move comes amid tense Greece talks with creditors and pressure from Germany.
Los Angeles Mayor Eric Garcetti signed a measure mandating a gradual rise to a $15 per hour minimum wage. The initial July 2016 step sets the wage at $10.50, with annual increases until the target is reached, making Los Angeles the largest city to implement a $15 wage schedule.
A study by insuranceQuotes.com shows couples pay about 80 percent more for car insurance after adding a teen driver. Five states including Wyoming Illinois Maine and Rhode Island have seen rate doubles, with New Hampshire at 115 percent higher than prior premiums.
USA TODAY analyzes S P Capital IQ data showing five S&P 500 members founded in the 1700s. Cigna leads with a 52 percent year rise and 15 percent earnings growth. Lorillard up 18 percent but being acquired by Reynolds American. Molson Coors lags with 0.9 percent. Oldest firm becomes Bank of New York Mellon after the deal closes.
The list shows Barns Bank of New York Mellon up 24 percent and Cigna up 52.2 percent, with JPMorgan Chase up 19.6 percent and other firms like Lorillard and Coors posting notable one year changes. The data underline strong performance across financials and consumer goods in the period.
The bond market, once seen as a safe haven, shows rising volatility amid signs of global growth and rate hikes. Ten year yields near 2.5 percent, with German yields above 1 percent, raising concerns of principal loss and higher mortgage costs while stocks may fare better on average during rate-hike cycles.
The government bond market once seen as a haven grew volatile as the 10-year Treasury yield surged to a 2015 high this week, followed by a retreat. The move underscores risk appetite shifts and investor reassessment of inflation and growth prospects amid evolving policy signals.
Arnold Schwarzenegger lends his Terminator persona to the Waze app with a limited time voice package that delivers commands like turn left and Hasta la vista baby. The collaboration with Paramount aims to boost Waze against Google Maps and Navigon, with the feature running through mid July and featuring his signature lines in a one hour recording session.
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