BlackRock Australia Fixed-Income Head Sees A$ At Parity in ’13

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Splunk, Tesla are big market moversComments Off

Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Big Lots Inc., down 85 cents to $46.35 Shares of the discount retailer fell, even as it reported a second-quarter profit that beat…

Kraft recalls some American Singles cheeseComments Off

Kraft voluntarily recalled 7,691 cases of its American Singles cheese product Friday because an ingredient was stored improperly by a supplier.

Duke proposes $1.9 billion Indiana grid upgradeComments Off

Duke Energy asked state regulators Friday to approve a nearly $2 billion upgrade of its Indiana electric grid, improvements the utility said would help reduce power outages by adding “self-healing” smart technologies to the grid.

Costs of NM coal power plant proposal challengedComments Off

The state’s largest electric utility is underestimating the costs that will be passed on to customers under a proposal to shut down part of an aging coal-fired power plant in northwestern New Mexico, according to a regulatory filing made Friday by rene…

Stock market closes at record highComments Off

The Standard & Poor’s 500 is ending the week at a record high after a day of quiet trading.

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