6 May, 2014 by The TZ Newswire Staff Comments Off on Whole Foods cuts outlook, shares sink
Whole Foods cuts outlook, shares sink
Whole Foods reported a profit for its fiscal second quarter that fell short of Wall Street expectations, and the upscale grocer cut its outlook for the year. The company, based in Austin, Texas, said sales …
6 May, 2014 by The TZ Newswire Staff Comments Off on CFTC preparing rule for high-frequency traders: regulator
CFTC preparing rule for high-frequency traders: regulator
The U.S. derivatives markets regulator is preparing a proposed rule for automated trading, a senior regulator said, after earlier asking market participants for insights on a long list of questions. “I understand that Commission staff is starting to work on a proposed rule,” Scott O’Malia, a member of the Commodity Futures Trading Commission, said in a speech. The CFTC, which regulates futures and swaps markets, in September put out a study – known as a concept release – into computerized trading that was seen as a possible first step toward drawing up formal rules.
6 May, 2014 by The TZ Newswire Staff Comments Off on Whole Foods Misses, Lowers Guidance, Or What Happens When You Ignore Buybacks At The Expense Of CapEx (Hint: -10%)
Whole Foods Misses, Lowers Guidance, Or What Happens When You Ignore Buybacks At The Expense Of CapEx (Hint: -10%)
While we recently roasted IBM for engaging in an unsustainable debt-funded buyback program, in which IBM has used every dollar of debt issued since 2012 to buyback its stock, moments ago another company showed why management teams would much rather buyback their stock than invest in CapEx in a market that only reward instant gratification in the form of shareholder friendly activity and furiously punishes any attempts to grow for the future.
6 May, 2014 by The TZ Newswire Staff Comments Off on Target interim CEO: Not interested in being new CEO
Target interim CEO: Not interested in being new CEO
Target Interim CEO and President John Mulligan told Reuters on Tuesday he’s not interested in becoming the company’s new CEO.
6 May, 2014 by The TZ Newswire Staff Comments Off on Stocks Finish Down; Twitter Drops As Lockup Expires
Stocks Finish Down; Twitter Drops As Lockup Expires
Stocks started Tuesday down mildly and continued to fall throughout the session as a stream of earnings reports poured in. The Nasdaq finished 1.4% lower, the S&P 500 0.9% and the Dow Jones industrial average 0.8%. Volume was higher on both exchanges, according to preliminary data. In the stockmarkettoday, oil stocks rallied. U.S.
6 May, 2014 by The TZ Newswire Staff Comments Off on Disney sings happy tune as earnings top estimates
Disney sings happy tune as earnings top estimates
Walt Disney topped earnings and revenue expectations, thanks to strong performance of its blockbuster animated film “Frozen.”
6 May, 2014 by The TZ Newswire Staff Comments Off on JPMorgan names Blythe Masters’ successors
JPMorgan names Blythe Masters’ successors
JPMorgan & Chase Co. named two managing directors, John Anderson and Mike Camacho, to take over from Blythe Masters as co-heads of global commodities after the bank pulls back from physical…
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