Economy & Business

Barclays Downgrades Electric Utility Bonds on Viable Solar Competition

"Barclays this week downgrades the entire electric sector of the U.S. high-grade corporate bond market to underweight, saying it sees long-term challenges to electric utilities from solar energy, and that the electric sector of the bond market isn’t pricing in these challenges right now. It’s a noteworthy downgrade since electric utilities which make up nearly 7.5% of Barclays’ U.S. Corporate Index by market value."

Source: Barron's, 05/28/2014

"Whole Foods Plunges as Organic Goes Mainstream"

"Why is Whole Foods stock down by 20% this morning? Results released after the close of markets yesterday showed the company’s growth flattening as more competitors muscle into its turf. There was a time when Whole Foods stood out for its focus on organic and specialty food, but that time is long gone, ...."

Source: Wall St. Journal, 05/08/2014

"Stanford to Purge $18 Billion Endowment of Coal Stock"

"Stanford University announced Tuesday that it would divest its $18.7 billion endowment of stock in coal-mining companies, becoming the first major university to lend support to a nationwide campaign to purge endowments and pension funds of fossil fuel investments."

Source: NY Times, 05/07/2014

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