25 May, 2014 by The TZ Newswire Staff Comments Off on China’s Oil Giant at Center of Corruption Probe
China’s Oil Giant at Center of Corruption Probe
Grins were on the faces of China National Petroleum executives this week as they celebrated a blockbuster 30-year deal for Russian gas. For some, however, those grins could soon turn to grimaces, because the deal comes against a backdrop of a series of high profile corruption investigations by the state, and CNPC has been caught in the dragnet.
25 May, 2014 by The TZ Newswire Staff Comments Off on Some elephant hunting tips for Warren Buffett
Some elephant hunting tips for Warren Buffett
Far be it from us to offer tips to Warren Buffett, the most celebrated stock picker of his age, but here goes: First, because Buffett’s Berkshire Hathaway (BRK-A) has about $49 billion to spend, he’s said he’s looking at capital intensive companies, which offer plenty of chances to put that money to work. He might like a hot niche like oilfield services or pipelines: good candidates could be Baker Hughes (BHI) in drilling services or Williams Partners (WPZ) in oil and gas distribution, which would also expand the scope of his recently rebranded Berkshire Hathaway Energy unit.
25 May, 2014 by The TZ Newswire Staff Comments Off on NewsWatch: Don’t let inflation crack your nest egg
NewsWatch: Don’t let inflation crack your nest egg
Retirees and those saving for retirement need a plan to defend against the effects of rising prices, or inflation could crush their standard of living.
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25 May, 2014 by The TZ Newswire Staff Comments Off on China’s leader builds new military superpower
China’s leader builds new military superpower
Driven by ambitions to make China a great power, Xi Jinping is staking his political authority on a huge task: overhauling the Chinese military. The New York Times reports.
25 May, 2014 by The TZ Newswire Staff Comments Off on Market Snapshot: The stock market is sleepwalking to record highs
Market Snapshot: The stock market is sleepwalking to record highs
The three main U.S. stock benchmarks are finally positive for the year, and the S&P 500 closed Friday at a record above 1,900.
25 May, 2014 by The TZ Newswire Staff Comments Off on Sunday links: step back from the madness
Sunday links: step back from the madness
Quote of the day
Jason Zweig, “The faster Wall Street runs, the more you should slow down and step back from that madness.” (MoneyBeat)
Chart of the day
25 May, 2014 by The TZ Newswire Staff Comments Off on Slide Show: Top 10 U.S. cities for new grads
Slide Show: Top 10 U.S. cities for new grads
A fresh group of college graduates eagerly seek to begin a new phase in life — trading student status for professional titles. Here are the 10 best U.S.