10 July, 2014 by The TZ Newswire Staff Comments Off on Baupost Revealed As 2.3% Banco Espirito Santo Stakeholder
Baupost Revealed As 2.3% Banco Espirito Santo Stakeholder
As the world awaits the last day of the week and hopefully some clarity on the fate (or even state) of Portugal’s Banco Espirito Santo (“BES”), which ultimately is controlled by the nebulous and unpublished accounts of the topmost HoldCo, Espirito Santo International, which in turn is merely a family investment vehicle of the Espirito Santo family as we showed this morning, moments ago BES issued two press releases whose purposes was to provid
10 July, 2014 by The TZ Newswire Staff Comments Off on Why Lumber Liquidators Got Chopped and American Apparel Popped
Why Lumber Liquidators Got Chopped and American Apparel Popped
The blue chips sank on news out of Portugal, while Lumber Liquidators brought down the home-improvement sector. Meanwhile, American Apparel soared on a plan to overhaul its leadership.
10 July, 2014 by The TZ Newswire Staff Comments Off on This Telecom Equipment Maker Is Down, But Not Out
This Telecom Equipment Maker Is Down, But Not Out
A transition in carrier spending has hurt this telecom equipment maker, but it can bounce back.
10 July, 2014 by The TZ Newswire Staff Comments Off on Tropical Storm To Slam Fukushima In Hours, Workers Brace For "Overflow"
Tropical Storm To Slam Fukushima In Hours, Workers Brace For "Overflow"
Despite being responsible for some deaths and numerous injuries already, the downgrade from SuperTyphoon to Tropical Storm means the mainstream media has lost interest in the impact of Neoguri on Japan. TEPCO hasn’t! As NHK World reports, the operator of the damaged Fukushima Daiichi nuclear plant is bracing for damage; pumping out water accumulated in barriers surrounding storage tanks for radioactive water to prevent it from overflowing the barriers.
10 July, 2014 by The TZ Newswire Staff Comments Off on A Tale of Two “Bull” Markets
A Tale of Two “Bull” Markets
By: Mark Wallace at: http://capitalistexploits.at/
I recently had a conversation with a colleague wherein I told him that I was starting to look away from “tech startups” and instead at undervalued assets like natural resources, preferably in overlooked frontier markets.
The old axiom, sell when everyone else is buying and buy when everyone else is selling is more than just excellent advice. If you can muster the courage and discipline to actually do it you’ll end up very, very rich indeed.
10 July, 2014 by The TZ Newswire Staff Comments Off on Mutual Funds Weekly: More active stock fund managers make more money
Mutual Funds Weekly: More active stock fund managers make more money
Most stock mutual-fund managers don’t beat a benchmark index over time.
10 July, 2014 by The TZ Newswire Staff Comments Off on Ex-Goldman Banker Confirms "Profits Above Principles" With 100%-Plus Business Loans
Ex-Goldman Banker Confirms "Profits Above Principles" With 100%-Plus Business Loans
Confirming every Wall Street stereotype that “ethics are all well and good, but money is more important,” the ex-Goldman Sachs banker who wrote a book on whether the bank always put “profits above principles” has started a firm charging extremely high rates of interest (above 100% in some cases) for struggling small businesses… oh the irony.