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Exclusive: Forex swings cost U.S. firms $6 billion in fourth-quarter revenue - study

Exclusive: Forex swings cost U.S. firms $6 billion in fourth-quarter revenue - studyBy Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Swings in the foreign exchange market cost U.S.-based multinational corporations nearly $6 billion in revenue in the fourth quarter, according to a report by currency risk management consulting firm FiREapps on Monday. Phoenix-based FiREapps analyzes the currency effects on quarterly earnings of 846 publicly traded companies, a subset of the Fortune 2000 companies that generate at least 15 percent

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Displaced again, Sandy victims escape motel fire

Displaced again, Sandy victims escape motel firePOINT PLEASANT BEACH, N.J. (AP) — Having endured one disaster already, victims of Superstorm Sandy found a temporary refuge in a motel two blocks from the beach in this popular summer resort town.

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France to suspend military cooperation with Russia

France is suspending military cooperation with Russia, French Defence Minister Jean-Yves Le Drian said on Friday during a trip to Baltic states designed to reassure them as tensions mount with Russia over its seizure of Ukraine's Crimea region. He said the suspension would concern joint military exercises but said nothing about the fate of... Read more...

16,000 tons of rock crash in Yosemite National Park

16,000 tons of rock crash in Yosemite National ParkYOSEMITE NATIONAL PARK, Calif. (AP) — Officials at Yosemite National Park say a massive amount of rock has fallen from a cliff, closing a hiking trail.

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Resolution says restructuring over, signs fund deal with Schroders

By Chris Vellacott LONDON (Reuters) - British life insurer Resolution achieved a 59 percent jump in pretax operating profit last year, it said on Tuesday, as it heralded the completion of its restructuring and signed a fund management deal with Schroders. The firm, set up by entrepreneur Clive Cowdery to buy underperforming life insurers, said it would adopt its Friends Life brand, dropping the Resolution name, while Cowdery will step down as a... Read more...

Jean Paul Gaultier pays tribute to London

Jean Paul Gaultier pays tribute to LondonLONDON (AP) — Jean Paul Gaultier cannot stop gushing about his love for all things British — the punks, the humor, the tartan, David Bowie — all vital inspirations to the French designer.

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