Stocks shine as profits shrink in 2015 outlook
U S equity markets hit record proximity as the Dow and S&P 500 near peaks while Nasdaq trails. Profit growth for S P 500 firms is set to shrink 3.1 percent in Q1, down from early 2015 forecasts, due to energy hits and a strong dollar dampening overseas sales. Forecasts for remaining quarters show a slow recovery, with full-year earnings growth trimmed to about 1.3 percent. Analysts warn of continued profit pressure even as markets stay robust.
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Standard & Poor
Thomson Reuters
Wall Street
U.S
S&p 500
Sam Stovall
S&p Capital IQ
Bob Doll
Nuveen Asset Management
Fischer Warns Fed Faces Shocks That Could Hinder Rate Path
Fed Vice Chairman Stanley Fischer says a smooth rise in the federal funds rate is unlikely as shocks from abroad, oil price swings, or productivity drops could force an unusual policy break. The note accompanies data on February housing prices and a PayPal chief executive package.
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Fed
Stanley Fischer
USA Snapshots: Moving Violations and Insurance Rates
National overview shows rising auto insurance premiums across states driven by higher claim costs and more traffic violations. Analysts note the average premium uptick reflects insurer risk assessments, with variations by driver age and location.
Louisville Slugger Sold to Wilson Sporting Goods
Louisville Slugger, iconic brand linked to baseball, is sold to Wilson Sporting Goods in a $70 million cash deal. Hillerich & Bradsby will cut about 52 jobs, keep manufacturing for Wilson under contract, and retain ownership of the museum and Powerbilt and Bionic brands.
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Louisville
Louisville Slugger
Wilson Sporting Goods
Hillerich & Bradsby
Ohio River
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Hillerich
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Pete Browning
Babe Ruth
Joe DiMaggio
Jackie Robinson
DeMarini
ATEC
Mike Dowse
Amer Sports
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Amer
USA
Europe
Japan
Trial paints two perceptions of Pao in SF court
The Ellen Pao trial nears closing as both sides prepare final arguments over a 16 million dollar wage claim and up to 144 million in punitive damages. Judge rules Pao may seek punitive damages. Testimony has shown conflicting portrayals of Kleiner Perkins. The case could shape tech hiring norms for years.
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San Francisco
Ellen Pao
Pao
Kleiner Perkins Caufield & Byers
Harold Kahn
Kleiner
Facebook
Twitter
Kleiner Perkins
John Doerr
Doerr
Silicon Valley
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Dan Schulman
American Express
Schulman
DOW Jones Industrial
USA Today
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NG and
Karl Gelles
Honus Wagner
Hall of Famer
Ted Williams
Louisville Slug
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Lesty
Jame
Louis
Avu
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