The Traderszone Network

The Chicago-based fund of hedge funds chose Cogency Software to support its operational growth.

FedE. agreed to buy Dutch parcel-delivery company TNT Express for 4.4 billion euros ($4.8 billion), predicting it can succeed where bigger rival United Parcel Service was blocked by regulators in 2013.

Declines in U.S. oil inventories and capex may boost prices modestly in the near term, but production growth will remain too strong for substantial gains, Goldman Sachs said.

The greenback has tumbled 4.3 percent versus the euro since touching a 12-year high last month amid speculation the Federal Reserve will delay raising interest rates, in part because the dollar’s strength is hurting U.S. economic growth. “The market is now pricing in a very subdued pace of the tightening cycle — we disagree,” Petr Krpata, a foreign-exchange strategist at ING in London, said on April 1 by phone.

Since 2010, global growth has averaged 2.8 percent in the first quarter, compared to an overall rate of 3 percent, according to JPMorgan. “It is now clear that there was a sharp drop in global growth in the first quarter,” Kenningham told clients last week.

Fuel-hauling tank cars need retrofits to prevent more explosive train wrecks — and the public can’t wait another decade for the improvements as has been suggested by industry, U.S. safety officials said. …

Starbucks is expanding its employee college tuition assistance program to cover the entire cost of getting an online bachelor’s degree.