9 June, 2014 by The TZ Newswire Staff Comments Off on Live: Tyson wins fight for Hillshire; Apple splits; Coffee will cost you more
Live: Tyson wins fight for Hillshire; Apple splits; Coffee will cost you more
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9 June, 2014 by The TZ Newswire Staff Comments Off on We are about to enter the greatest bull market in 85 years
We are about to enter the greatest bull market in 85 years
The market may be near record highs but price isn’t the only record it’s breaking. Should it continue rallying for just two months more, it will be the longest bull market run in over 85 years.
9 June, 2014 by The TZ Newswire Staff Comments Off on U.S. banks move away from home
U.S. banks move away from home
Loans secured by real estate typically make up about one-third of U.S. bank assets, mostly in the form of home loans and commercial loans. Add in mortgage-backed securities, and the banking sector’s long-term average real-estate exposure rises to 42% of total assets. Since then, banks have reduced their exposure to debt linked with real estate, due in part to write-downs of bad loans. The depth of this reduction and its persistence are striking and are critical to judging the valuations of big banks.
9 June, 2014 by The TZ Newswire Staff Comments Off on Cyber crime costs global economy $445 billion a year: report
Cyber crime costs global economy $445 billion a year: report
Cyber crime costs the global economy about $445 billion every year, with the damage to business from the theft of intellectual property exceeding the $160 billion loss to individuals from hacking, according to research published on Monday. The report from the Center for Strategic and International Studies (CSIS) said cyber crime was a growth industry that damaged trade, competitiveness and innovation. “Cyber crime is a tax on innovation and slows the pace of global innovation by reducing the rate of return to innovators and investors,” Jim Lewis of CSIS said in a statement.
9 June, 2014 by The TZ Newswire Staff Comments Off on Wal-Mart says sorry after Tracy Morgan hurt in accident
Wal-Mart says sorry after Tracy Morgan hurt in accident
Wal-Mart Stores Inc. (WMT) apologized after a highway accident involving one of its truck drivers critically injured actor-comedian Tracy Morgan and prompted the U.S. National Transportation Safety Board to join a state investigation. Kevin Roper, 35, of Jonesboro, Georgia, was charged in Middlesex County, New Jersey, with one count of death by auto and four counts of assault after the Wal-Mart tractor trailer he was driving crashed into a limousine van whose occupants included Morgan. The six-vehicle accident, at 1 a.m. yesterday on the New Jersey Turnpike, occurred as U.S.
9 June, 2014 by The TZ Newswire Staff Comments Off on Where have all the missing American workers gone?
Where have all the missing American workers gone?
The unemployment rate has been on a slow downward trajectory since the recession ended nearly five years ago. While the overall jobless level has dropped to non-recession levels, the number of the working-age …
9 June, 2014 by The TZ Newswire Staff Comments Off on Amazon expands middleman role in latest online payments push
Amazon expands middleman role in latest online payments push
Amazon.com Inc will start managing subscription payments for start-ups and other companies – the latest in a series of quiet moves the e-commerce giant has made into PayPal’s turf over the past year. Amazon then charges a fee on each transaction. EBay Inc’s PayPal has long dominated online payments services but Amazon sees plenty of scope to push into new areas. The new service broadens Amazon’s profitable role as a middleman for third-party sellers, which account for 40 percent of its sales and extends its influence beyond its website.