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The world. While the most dramatic storylines were about the federal reserve, Interest Rates were not the most important story that we covered this week. A look at the top headlines. Just announced, losing Capital Partners and shutting down. This has liquidated its entire portfolio. They returned 900 million under management. We heard about the distress fund. We heard about 3rd avenue. Gentlemen, what is going on in the market . This is something a lot of people have predicted for a few years now. You have more of a retail base and highyield venue used to. Flows are more volatile. You have some price volatility and ill liquidity that he did not have an prior cycles when there was more Bank Involvement in trading. Doddfrank has really affected the highyield market. We will see more of this. Are we overstating things t ....
Welcome to bloomberg best. A weekly look at the most important Business News from around the world. Heres a look back at the top headlines. Just announced, highyield credit fund lucent is shutting down. He is going to return the 900 million they got under management. Just last week we heard about the distressed fund, stone lion, we heard about 3rd avenue, the mutual fund putting the gates up. What is going on in the highyield market . I will start. This is something a lot of folks have predicted for a few years now. You have more of a retail base in high yield than you used to. Flows are more volatile. And so you have some price volatility and liquidity that you did not have illiquidity that you did not have an prior cycles. The volvo role and doddfrank have affected the highyield. Are we mistaken when we blame this on the vocal rule or doddfrank . When you buy high, you are committed to selling low. That will play out again and ag ....
Fleet size. We are also pushing on fuel efficiency, closing or scaling back operations in yards and terminals and rationalizng secondary lines. All this is being done so that we can achieve target levels of profitablity. At the end of 2014, Norfolk Southern employed more than 29thousand people systemwide. At this point, we dont know how many positions will be eliminated in western virginia. Joe, is the decline of coal to blame for the companys disappointing results . Jean, its certainly a factor. The company says a weak global export market, record high temperatures in the east and low Natural Gas Prices cut coal revenues by 20 percent in the 4th quarter. And the plan to downsize the railroad includes cutitng employees in areas affected by lower coal traffic. The bad news hasnt spooked investors, though. Norfolk southern closed higher today on the new york stock exchang ....
This week even though the fbi is still in the middle of their investigation into the multiple allegations of Sexual Assault against kavanaugh. All of which he denies. Some Senate Republicans have a pretty high bar for the results of that investigation. Find concrete corroboration of decades old allegations. Anything short of direct evidence means kavanaugh makes it to the court. Just ask senator joni ernst of iowa. Well, what we want to see is, is there evidence or corroboration the fbi is eight to find through this supplemental investigation that would corroborate dr. Fords accusations, and if not, i will continue to support judge kavanaugh based on the information that i have at this time. But what about all the other kavanaugh narratives that are circling this afternoon . Should they be concerned during this nomination process about those . President trump addressed qu ....
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