14 May, 2014 by The TZ Newswire Staff Comments Off on Yahoo buys ‘self-destruct’ messaging app Blink
Yahoo buys ‘self-destruct’ messaging app Blink
Yahoo has bought Blink, a mobile messaging startup whose app lets users send messages that will self-destruct at a time set by the sender.
14 May, 2014 by The TZ Newswire Staff Comments Off on Death toll in Turkish mine blast rises above 200
Death toll in Turkish mine blast rises above 200
The death toll from an explosion and fire in a Turkish coal mine rose above 200 on Wednesday as rescue workers continued retrieving the dead and injured.
14 May, 2014 by The TZ Newswire Staff Comments Off on Treasury Yields Tumble In Europe, US On ECB QE Disappointment
Treasury Yields Tumble In Europe, US On ECB QE Disappointment
Overnight Europe got two mini lessons: i) that rumors spread by conflicted French banks about “imminent” ECB QE don’t always, if ever, come true, after the ECB spent a decent portion of the overnight session explaining, via Reuters, that while the central bank would engage in “some stimulus for the euro zone economy but falls short of the large-scale effect the ECB could unleash with a major program of quantitative easing (QE) – money printing to buy assets.
14 May, 2014 by The TZ Newswire Staff Comments Off on Sears eyes selling some or all of Sears Canada
Sears eyes selling some or all of Sears Canada
Sears said it was looking to sell its 51 percent stake in Sears Canada, or could put the struggling Canadian department store operator up for sale.
14 May, 2014 by The TZ Newswire Staff Comments Off on Geithner must give S&P documents in U.S. fraud lawsuit: filing
Geithner must give S&P documents in U.S. fraud lawsuit: filing
The U.S. Department of Justice brought a civil fraud lawsuit against S&P in 2013, accusing it of inflating ratings to win more fees from issuers, and then failing to downgrade debt backed by deteriorating mortgage-backed securities fast enough. S&P, a unit of McGraw Hill Financial Inc (MHFI.N), has claimed the lawsuit was filed in retaliation for the downgrade, and should be dismissed. Its main rating agency rivals, Moody’s Investors Service and Fitch Ratings, were not sued. U.S.
14 May, 2014 by The TZ Newswire Staff Comments Off on Pimco outflows dent Allianz asset management earnings
Pimco outflows dent Allianz asset management earnings
German insurer Allianz saw operating profit in its asset management arm slump by more than one fourth in the first quarter as its California-based Pimco unit suffered 21.7 billion euros ($29.7 billion) in investment outflows. Performance at Pimco, which has been an Allianz cash cow for years and runs the world’s biggest bond fund, has become an increasing concern following the departure of its Co-Chief Investment Officer Mohamed El-Erian earlier this year after a clash with Pimco founder Bill Gross.
14 May, 2014 by The TZ Newswire Staff Comments Off on Netflix’s share of peak Internet traffic rises
Netflix’s share of peak Internet traffic rises
Netflix increased its share of fixed-line Internet traffic in North America in the first half of 2014, accounting for 34 percent of data flowing to consumers during peak times, up from 32 percent in the …