11 July, 2014 by The TZ Newswire Staff Comments Off on Obama, corporate giants announce plan to boost suppliers
Obama, corporate giants announce plan to boost suppliers
By Mark Felsenthal WASHINGTON (Reuters) – President Barack Obama is enlisting several major U.S. and multinational companies to draw attention to an initiative aimed at helping small businesses expand and hire workers. The president will meet on Friday with representatives of household name firms such as Apple , AT&T , Coca Cola and Johnson & Johnson to spotlight the corporate giants’ pledge to pay their smaller suppliers within 15 days.
11 July, 2014 by The TZ Newswire Staff Comments Off on 78M millennials could carry the 2016 election. Here’s why
78M millennials could carry the 2016 election. Here’s why
The young voters who twice gave overwhelming support to Barack Obama and his promises of a smart activist government appear to now have a growing skepticism about Washington and a shrinking loyalty to the Democrats. Those are among the eye-opening takeaways from a national survey conducted by libertarian-leaning pollsters Reason-Rupe released Thursday.
11 July, 2014 by The TZ Newswire Staff Comments Off on Whirlpool to buy majority stake in Italy’s Indesit for $1 billion
Whirlpool to buy majority stake in Italy’s Indesit for $1 billion
Whirlpool said it will buy a 42.7 percent stake in Indesit from Fineldo SpA, the top investor in Indesit, while certain members of the Merloni family will sell a 13.2 percent stake and Claudia Merloni will sell a 4.4 percent stake in Indesit. The total of 60.4 percent of Indesit stock capital represents a 66.8 percent voting stake, Whirlpool said.
11 July, 2014 by The TZ Newswire Staff Comments Off on Spinversions: How a Mega Co. Can Join In on Tax-Cutting Deals
Spinversions: How a Mega Co. Can Join In on Tax-Cutting Deals
Shareholders get the benefits of lower tax bills for that separated unit, and corporate giants such as Johnson & Johnson and Danaher Corp. (DHR) wouldn’t have to undertake a massive acquisition or face the political fallout that can come from completely skirting U.S. taxes, Albert Fried & Co. said. “This would be a way for the real behemoths to get in on the inversion craze,” Robert Willens, New York-based founder of tax and accounting firm Robert Willens LLC, said in a phone interview. AbbVie Inc. and Medtronic Inc.
11 July, 2014 by The TZ Newswire Staff Comments Off on Greek Banks See Quadrupling of Housing Loans by Next Year
Greek Banks See Quadrupling of Housing Loans by Next Year
Greek banker Theodoros Kalantonis, who has survived the worst of times the past six years, said he can finally see the resurrection of home lending. Next year “will be a turning point for the Greek mortgage market,” Kalantonis, executive general manager of retail products and non-performing loans at Alpha Bank A.E. (ALPHA), said in an interview from his Athens office. Alpha Bank, the country’s fourth largest, and its competitors are counting on the growth rate of non-performing loans to stabilize once a law preventing banks from foreclosing on property is dismantled.
11 July, 2014 by The TZ Newswire Staff Comments Off on Inventor pushes solar panels for roads, highways
Inventor pushes solar panels for roads, highways
The solar panels that Idaho inventor Scott Brusaw has built aren’t meant for rooftops. They are meant for roads, driveways, parking lots, bike trails and, eventually, highways. Brusaw, an electrical engineer, …
11 July, 2014 by The TZ Newswire Staff Comments Off on Epic Portugal Damage Control To Preserve Bank Confidence: BES Resumes Trading, Surges Then Tumbles
Epic Portugal Damage Control To Preserve Bank Confidence: BES Resumes Trading, Surges Then Tumbles
Following yesterday’s peripheral European poundage over fears of what a Banco Espirito Santo failure could mean to the nation, and to the Eurozone, but most importantly to depositor confidence everywhere, today has been one epic damage control session, with one sellside penguin after another, most notably Goldman (which until hours ago had the cratering bank at a Buy rating, only to switch to Neutral this morning), rushing to release half-baked notes promising that “all is well, please to keep calm” and that nobody should certainly withdraw their deposits from insolvent European banks.