1 July, 2014 by The TZ Newswire Staff Comments Off on Why this could be as good as it gets for stocks
Why this could be as good as it gets for stocks
With the benchmark S&P 500 index up just 6% since January compared to 12% the same time last year, what can we expect for the second half of year?
1 July, 2014 by The TZ Newswire Staff Comments Off on Ousted chairman Charney reports 42.98% stake in American Apparel
Ousted chairman Charney reports 42.98% stake in American Apparel
Charney, ousted from the company on June 18 for alleged misuse of corporate funds and his role in disseminating nude photos of an ex-employee, said he has also called for a special meeting of stockholders on Sept. 25. The former CEO, already the biggest shareholder in American Apparel with a 27.2 percent stake, said the increased stake reflected his holding as of last Friday. American Apparel last Saturday said it has adopted a shareholder rights plan after Charney expressed plans to increase influence over the company.
1 July, 2014 by The TZ Newswire Staff Comments Off on Ousted chairman Charney reports 42.98% stake in American Apparel
Ousted chairman Charney reports 42.98% stake in American Apparel
Charney, ousted from the company on June 18 for alleged misuse of corporate funds and his role in disseminating nude photos of an ex-employee, said he has also called for a special meeting of stockholders on Sept. 25. The former CEO, already the biggest shareholder in American Apparel with a 27.2 percent stake, said the increased stake reflected his holding as of last Friday. American Apparel last Saturday said it has adopted a shareholder rights plan after Charney expressed plans to increase influence over the company.
1 July, 2014 by The TZ Newswire Staff Comments Off on Asian stimulus boosts factories, euro zone still lags
Asian stimulus boosts factories, euro zone still lags
LONDON/TOKYO (Reuters) – Manufacturing activity in Asia’s industrial powerhouses China and Japan gained pace in June, fueled by improving demand at home, but euro zone growth faltered as main motor Germany slowed. Business surveys published on Tuesday confirmed factory output expanded across Asia following months of decline in its two biggest economies, as massive stimulus packages from the authorities in Beijing and Tokyo begin to take effect.
1 July, 2014 by The TZ Newswire Staff Comments Off on Asian stimulus boosts factories, euro zone still lags
Asian stimulus boosts factories, euro zone still lags
LONDON/TOKYO (Reuters) – Manufacturing activity in Asia’s industrial powerhouses China and Japan gained pace in June, fueled by improving demand at home, but euro zone growth faltered as main motor Germany slowed. Business surveys published on Tuesday confirmed factory output expanded across Asia following months of decline in its two biggest economies, as massive stimulus packages from the authorities in Beijing and Tokyo begin to take effect.
1 July, 2014 by The TZ Newswire Staff Comments Off on GM’s ignition-switch crisis deepens; death toll rises to 16
GM’s ignition-switch crisis deepens; death toll rises to 16
General Motors Co’s (GM.N) ongoing safety crisis over deadly ignition switches deepened on Monday with the recall of 8.23 million mostly older cars linked by the U.S. automaker to three deaths. The latest recalls boosted the number of deaths acknowledged by GM to at least 16 in cars with switch-related problems. The automaker said it now knows of 61 crashes tied to faulty ignition switches, although U.S. lawmakers and safety regulators have said they expect the death toll to climb.
1 July, 2014 by The TZ Newswire Staff Comments Off on GM’s ignition-switch crisis deepens; death toll rises to 16
GM’s ignition-switch crisis deepens; death toll rises to 16
General Motors Co’s (GM.N) ongoing safety crisis over deadly ignition switches deepened on Monday with the recall of 8.23 million mostly older cars linked by the U.S. automaker to three deaths. The latest recalls boosted the number of deaths acknowledged by GM to at least 16 in cars with switch-related problems. The automaker said it now knows of 61 crashes tied to faulty ignition switches, although U.S. lawmakers and safety regulators have said they expect the death toll to climb.