Retirees 'much worse' off: RBA

Retirees 'much worse' off: RBA

AAP Life is not going to get easier for self-funded retirees as record low interest rates force them to take on riskier investments, Reserve Bank governor Glenn Stevens says. Central banks around the world have lowered their interest rates to stimulate their economies, causing yields on safe investments such as term deposits to fall. Mr Stevens said yields on investments were the "lowest ever in…

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Company Finances

  • MSA Safety misses Street 1Q forecasts Associated Press - 5 hours ago

    On a per-share basis, the Cranberry Township, Pennsylvania-based company said it had net income of 26 cents. Earnings, adjusted for one-time gains and costs, were 42 cents per share. The results fell short ...

  • Final Glance: Beverages companies Associated Press - 5 hours ago

    Shares of some top beverages companies were mixed at the close of trading: Anheuser-Busch Inbev ADR rose $1.12 or .9 percent, to $124.84. Coca-Cola Co. fell $.06 or .1 percent, to $40.83. Dr Pepper Snapple ...

  • Final Glance: Food companies Associated Press - 5 hours ago

    Shares of some top food companies were mixed at the close of trading: ConAgra Foods Inc. fell $.17 or .5 percent, to $37.35. General Mills Inc. fell $.33 or .6 percent, to $56.05. Hormel Foods Corp. fell ...

  • Final Glance: Tools and Appliances companies Associated Press - 5 hours ago

    Shares of some top tools and appliances companies were mixed at the close of trading: General Electric Co. rose $.08 or .3 percent, to $26.88. Snap-On fell $.87 or .6 percent, to $153.06. Stanley Works ...

  • Final Glance: Consumer companies Associated Press - 5 hours ago

    Shares of some top consumer companies were down at the close of trading: Clorox fell $.94 or .9 percent, to $108.30. Colgate-Palmolive Co. fell $.19 or .3 percent, to $68.98. Kimberly-Clark Corp. fell ...

  • Final Glance: Autos companies Associated Press - 5 hours ago

    Shares of some top autos companies were mixed at the close of trading: Ford Motor Co. rose $.13 or .8 percent, to $15.90. General Motors Co. rose $.19 or .5 percent, to $35.78. Honda Motor Co. fell $.14 ...

  • Fossil Group, Inc. to Hold First Quarter Fiscal 2015 Earnings Call and Webcast on Tuesday, May 5, 2015 … GlobeNewswire - 7 hours ago

    RICHARDSON, Texas -- Fossil Group, Inc. announced today that its earnings for the fiscal first quarter ended April 4, 2015 will be released following the market close on Tuesday, May 5, 2015.

  • J&J Snack Foods posts 2Q profit Associated Press - 7 hours ago

    The Pennsauken, New Jersey-based company said it had profit of 78 cents per share. The drink and snack maker posted revenue of $225 million in the period. J&J Snack Foods shares have decreased roughly ...

  • J & J Snack Foods Reports Second Quarter Sales and Earnings GlobeNewswire - 7 hours ago

    PENNSAUKEN, N.J. -- J & J Snack Foods Corp. today announced sales and earnings for the second quarter ended March 28, 2015.

  • Chipotle finishes removing GMO ingredients from its food Associated Press - 9 hours ago

    Chipotle says it has completed phasing out genetically modified ingredients from its food, making it the first national fast-food chain to do so. The Denver-based chain had already been using mostly non-GMO ...