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U.S. markets news

European Commission Raises Its Economic Growth Forecast
PARIS - It may not be escape velocity yet, but the European economy is definitely picking up steam, an official forecast showed on Tuesday, as low oil prices, favorable foreign-exchange rates and central bank stimulus added momentum to a modest ...
Eurozone economic growth picking up, EU report says  BBC News
EU sharply cuts Greek growth, primary surplus forecasts  The Globe and Mail
Economic Times  
UBS boosts European shares but Greek shares fall on debt concerns
... * FTSEurofirst 300 up 0.6 pct, lifted by surge in UBS. * Athens' ATG index down 3 pct as debt worries weigh. * Asset performance in 2015: link.
Premarket: European markets buck China concerns  The Globe and Mail
Euro Weakens for Third Day as Greek Shares Fall; Aussie Climbs  Bloomberg
RPT-UPDATE 2-Australia's RBA cuts rates, markets wonder if that's all
(Repeats to add PICTURE to slug). By Wayne Cole. SYDNEY May 5 (Reuters) - Australia's central bank cut interest rates for the second time this year on Tuesday, seeking to buttress the economy against sliding mining investment while heading off a harmful ...
Australia Joins Asia's Easy Money Stampede  Barron's
Is Australia's Central Bank Done Cutting Interest Rates?  Wall Street Journal
Reserve Bank of Australia cuts to record low 2%, citing moderate prices - The Reserve Bank of Australia cut its cash rate by 25 basis points to a record low 2.00% as expected on Tuesday, citing a subdued inflation outlook and eyeing a further fall in the Australian dollar.
Piercing the veil of the Fed  OCRegister
Inflation Expectations Tick Up  Wall Street Journal
HSBC Profit Up Slightly on Market Uptick in First Quarter
LONDON - The British bank HSBC said that its profit rose slightly in the first quarter as it benefited from increased market activity, particularly after a �difficult� fourth quarter.
HSBC First-Quarter Profit Beats Estimates as Bad Loans Fall  Bloomberg
European Markets Rise Despite Anxiety Over Greek Debt; HSBC, UBS Book Profits
Will drought stifle California's love affair with pools?
California's massive swimming pool industry faces a dilemma as the state heads into its summer season and a fourth year of historic drought conditions.
Teens Say California Drought Makes Tap Water Taste Funky  New Hampshire Public Radio
Drought: California Water Agencies Face Bond Defaults  Breitbart News
Mayor de Blasio Is Irked by a Subway Delay
The email, blunt and to the point, popped into City Hall aides' inboxes at 12:17 p.m., and the subject line said it all: �2 problems today.
MTA no longer satisfied with $657M infusion from city, now wants $2.5B  New York Daily News
Lufthansa's operating loss narrows on lower fuel costs
FRANKFURT, Germany (AP) - German airline Lufthansa, still coping with the aftermath of the crash of Germanwings Flight 9525, saw its operating losses narrow in the first quarter as fuel costs fell in the wake of lower oil prices.
Lufthansa faces more cost-cuts despite profits improvement  BBC News
Lufthansa grapples with Germanwings crash aftermath  The Daily Telegraph
U.S. airlines making billions, collecting more in fees on checked bags and ...
Tavellers walk throughbaggage claim at O'Hare International airport in Chicago. The U.S. Department of Transportation said Monday airlines collected $3.5 billion in bag fees in 2014.
Fees and Low Fuel Prices Keep Airline Profits Rising  New York Times
Airlines bring in more money from bag, reservations fees  Washington Post
GE announces LED lighting with Apple HomeKit and Siri integration
General Electric (GE) has announced plans to produce an LED light compatible with Apple's HomeKit software. The integration will include the ability to control the GE lights via Siri, Apple's voice-interface digital assistant.
New GE LED Light works with Apple HomeKit  I4U News
GE partners Qualcomm, Apple for smart lighting  Times of India