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Mon., May 29, 2017, 6:35 p.m. | Search

Markets wrap: Stocks meander in holiday-hit trading; pound rises

Mon., May 29, 2017, 5:39 p.m.

Global stocks were mixed, the dollar traded sideways and the euro slipped amid thin trading Monday. With markets in the U.K., U.S. and China all closed for public holidays, volumes were depressed across the board and many moves muted. The British pound posted the biggest gain among G-10 currencies as it recouped some of Friday’s plunge, which was triggered by polls showing the coming election may be closer than expected. South Africa’s rand reversed a rally after President Jacob Zuma survived a bid by some members of his party to oust him. Italian assets fell as a former prime minister raised the prospect of an early election.

BA, Iberia travelers face 3rd day of delays, cancellations

Mon., May 29, 2017, 8:57 a.m.

Passengers stand with their luggage outside Terminal 5 at London’s Heathrow airport after flights were canceled due to the airport suffering an IT systems failure, Saturday, May 27, 2017. British Airways canceled all flights from London’s Heathrow and Gatwick airports on Saturday as a global IT failure upended the travel plans of tens of thousands of people on a busy U.K. holiday weekend. (Jo Kearney / Associated Press)
Travelers on British Airways and its sister airlines in Spain faced a third day of delays and cancellations Monday, mainly on short-haul flights in Europe, after the company suffered a colossal IT failure over the weekend.

As low volatility booms investors wonder if elation will last

Sun., May 28, 2017, midnight

The low volatility trade is back. Cue the panic. Typically sleepy stocks have been wide awake lately. The two most popular low volatility exchange-traded funds posted record highs every day this week and are outperforming the S&P 500 Index. And a version of low volatility used by most equity quants is headed toward its best stretch since last summer.

Business Beat

Sun., May 28, 2017, midnight

Advertising Rick Hosmer, the chief marketing officer and co-founder of Klündt | Hosmer, has been named the American Advertising Federation Spokane Advertising Professional of the Year. Hosmer founded the firm in 1987 after graduating from Spokane Falls Community College and working at KAYU-TV.

Medicare changes – the good and the bad

Sun., May 28, 2017, midnight

Rehabilitation Hospital of the Northwest offers a variety of equipment to help patients, including this gym.  (Courtesy Rehabilitation Hospital of the Northwest )
The good news is Social Security numbers will be removed from Medicare cards, the bad news is this will motivate sophisticated scammers to attempt to steal your identity or money.

Tom Kelly: Re-entry into housing market requires vision

Sun., May 28, 2017, midnight

The best process to begin the selection of your next home and its geographic location involves creating the most detailed image you can by picturing yourself in it and all of its surroundings.

Week Ahead

Sun., May 28, 2017, midnight

Tuesday I-90 Aerospace Corridor Conference and Expo - This two-day conference is sponsored by the Idaho Aerospace Alliance and Inland Northwest Aerospace Consortium to showcase the region’s aerospace businesses. The theme is “Growing the Aerospace Manufacturing Supply Chain” and the event will feature keynote speaker John Byrne, vice president of procurement at Boeing. For more information, please email Bob Didocha at bdidocha@amn-usa.org and visit https://i90aerospace.regfox.com/2017 to register. Tuesday and Wednesday, Coeur d’Alene Resort, 115 S. Second St., Coeur d’Alene.

BA outage creates London travel chaos; power issue blamed

Sat., May 27, 2017, 1:31 p.m.

In this Tuesday, Jan. 10, 2017 photo, British Airways planes are parked at Heathrow Airport during a 48hr cabin crew strike in London. Air travelers faced delays Saturday, May 27, 2017 because of a worldwide computer systems failure at British Airways, the airline said. BA apologized in a statement for what it called an “IT systems outage” and said it was working to resolve the problem. (Frank Augstein / Associated Press)
British Airways canceled all flights from London’s Heathrow and Gatwick airports on Saturday as a global IT failure upended the travel plans of tens of thousands of people on a busy U.K. holiday weekend.

Microsoft’s weapon in high-stakes cloud-computing battle with Amazon? Freebies

Sat., May 27, 2017, 8:48 a.m.

Microsoft is offering bargains and freebies, including discounts to large businesses, free trial offers to all comers, and grants of cash for startups and nonprofits that try its Azure cloud services. (Michel Euler / Associated Press)
Microsoft has staked its future on the cloud, the range of on-demand computing power and software services bundled into Azure and other products. But Microsoft isn’t banking on snazzy marketing or technical chops alone to make Azure a winner. The technology giant is also offering bargains and freebies, including discounts to large businesses, free trial offers to all comers, and grants of cash for startups and nonprofits that try the service.

Trump ruffles feathers by calling Germans ‘bad’ – on trade

Fri., May 26, 2017, 7:27 p.m.

President Donald Trump ahead of this week’s G7 meeting. (Evan Vucci / AP)
TAORMINA, Sicily – President Donald Trump has criticized Germany’s trade surplus with the United States, drawing attention to a contentious issue at a summit of world leaders where trade is already a sticking point. As the leaders of seven wealthy democracies gathered for difficult talks on trade and climate change, Germany’s Der Spiegel reported that Trump had told EU leaders the day before that the Germans were “bad, very bad” when it came to trade.

Flood of off-lease used cars push prices down, upend market

Fri., May 26, 2017, 3:35 p.m.

Used Infiniti Q50 luxury sedans await buyers at a dealership in the Detroit suburb of Novi, Mich. Leases are ending on a large number of Q50s and other cars, flooding the market with quality used cars. (Tom Krisher / Associated Press)
In 2014, Infiniti leased more than 28,000 Q50 luxury sedans for as little as $329 per month in a growing U.S. market. The leases accounted for more than three-quarters of Q50 sales. Now they’re coming back to haunt the automaker.

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