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U.S. markets news

Shanghai shares slump 4%; Sydney slips after RBA rate cut
The central bank lowered rates by 25 basis points in a widely expected move, taking the benchmark lending rate to a new record low of 2 percent.
Reserve Bank bets the house on rate cut  The Australian Financial Review
Australian dollar rises despite Reserve Bank of Australia's interest ...  ABC Online
Independent Online  
EU Raises Growth Outlook as ECB Counters Greek Threat
The European Commission raised its euro-area growth forecast as the impact of a weaker euro and unprecedented monetary stimulus help the economy overcome pressure on confidence from the continuing crisis in Greece.
EU Raises Eurozone Forecast Despite Bleaker Greek Outlook  New York Times
EU Lifts Eurozone Growth Forecast  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
Noting slower economy, Fed appears no closer to a rate hike  Waterbury Republican American
HSBC Investment Bank Profit Rises 6% on Currencies and Equities
HSBC Holdings Plc said profit at its investment bank increased 6 percent as it earned more from equities and currency trading amid volatile markets.
HSBC first quarter pretax profits up 4 percent  Washington Post
HSBC says HQ review is an objective look at facts, not a threat  Reuters
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
MTA wants $1B from NYC for Second Avenue Subway  New York Post
Lufthansa Grapples With Germanwings Crash Aftermath, Back in Profit on ...
FRANKFURT�Deutsche Lufthansa AG LHA 0.55 % has signaled that the crash six weeks ago of a Germanwings jetliner and strikes by pilots could check its operational turnaround despite swinging back to profit in the first quarter.
Lufthansa's operating loss narrows on lower fuel costs
Lufthansa faces more cost-cuts despite profits improvement  BBC News
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
Checked-bag fees help airlines keep profits rising
The Department of Transportation on Monday said that airline net income fell to $7.5 billion in 2014 from $12.2 billion in 2013. Airlines collected $3.5 billion in bag fees, a 5 percent increase over 2013.
Fees and Low Fuel Prices Keep Airline Profits Rising  New York Times
Business News Roundup, May 5  SFGate
How would climate change regulations help now? Study seeks answer.
Climate change regulations are always cast as job-killers for some distant and diffuse gain. A new study attempts to look at what immediate benefits they might bring.
Peer-reviewed, non-partisan academic study finds that the EPA emissions rule ...  Salon
Academics give boost to Obama climate rule  The Hill
Australian Regina Schleiger embroiled in Federal Reserve leak probe
Federal Reserve Board chair Janet Yellen met with Regina Schleiger in the lead up to a report pre-empting the Fed's plan. AP. by John Kehoe.
Justice Department Investigates 2012 Leak of Fed Policy Debate  Bloomberg
Yellen says she met with analyst but meeting not linked  New Zealand Herald