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U.S. markets news

RBA's historic interest rate cut: Bad news for retirees relying on savings
While many Australians cheered as the Reserve Bank cut the cash rate to the historic low of 2 per cent, retirees Ronald and Marie Wood of Matraville groaned.
Why Aussie will still weaken without rate cuts  CNBC
Reserve Bank of Australia Cuts Benchmark Rate to Record Low 2%  Wall Street Journal
The Australian Financial Review  
Asian shares slip, Aussie dollar volatile after rate cut, China concerns
HONG KONG (Reuters) - Asian stock markets retreated on Tuesday and the Australian dollar stumbled after the central bank cut interest rates for the second time in four months as the region's growth falters in the face of slowing demand from China.
Asian shares falter, Aussie dollar volatile after rate cut  Channel News Asia
Dollar up in Asian trade  GlobalPost
Reserve Bank of Australia cuts to record low 2%, citing moderate prices
Investing.com - 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
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.
UPDATE 2-Lufthansa narrows operating loss helped by cheaper fuel  Reuters
Lufthansa's Operating Loss Narrows on Lower Fuel Costs  ABC News
MarketsGreek bond yields jump following IMF warning
Greek bonds are being sold off again, as investors take fright at a warning from the International Monetary Fund that Athens is at risk of losing vital financial support.
Greek Officials Fan Out to Press Case as Breakthrough Elusive  Bloomberg
Greek bonds rise on reports that IMF may cut off funding lifeline  Irish Times
Europe mixed; FTSE higher; UBS surges 6%
European equities were mixed in morning trade on Tuesday as investors kept an eye on the ongoing Greece bailout drama and earnings from banking giants HSBC and UBS.
UBS in 'advanced talks' with US on foreign exchange probe  BBC News
UBS Profit Almost Doubles on Higher Sales as New Funds Soar  Bloomberg
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.
Airlines bring in more money from bag, reservations fees  Mississippi News Now
U. S Airline Bag and Reservation Change Fees Rise as Fares Remain Low  Investor Newswire
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
Watering bans, conservation mandates on tap for regulators
SACRAMENTO, Calif. (AP) - Residents and businesses across California would be forced to slash their water use under unprecedented drought restrictions regulators will take up Tuesday.
Your Call: How is the drought affecting California's agriculture?  KALW
Update on California drought regulations  Lexology (registration)
Los Angeles sues Wells Fargo over 'fraudulent conduct'
LOS ANGELES (AP) - Wells Fargo Bank could be writing a big check after the city of Los Angeles filed a lawsuit over unfair practices in which employees opened unauthorized accounts for customers, sticking them with fees and damaging their credit.
LA sues Wells Fargo, alleging 'unlawful and fraudulent conduct'  Los Angeles Times