18 July, 2014 by The TZ Newswire Staff Comments Off on Earnings Outlook: Apple earnings: iPhone, Beats, IBM deal will be key
Earnings Outlook: Apple earnings: iPhone, Beats, IBM deal will be key
Iconic tech company is expected to garner a great deal of attention when it reports quarterly profit and sales on Tuesday.
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18 July, 2014 by The TZ Newswire Staff Comments Off on New day, new worries for McDonald’s
New day, new worries for McDonald’s
When you’re McDonald’s, the challenges really never cease.
18 July, 2014 by The TZ Newswire Staff Comments Off on Argentina debt holdout: Argentina "appears determined to default"
Argentina debt holdout: Argentina "appears determined to default"
A lead holdout investor in the Argentine debt dispute said on Friday that Argentina still refused to meet with it and negotiate a settlement before a July 30 deadline, after which the country faces a new …
18 July, 2014 by The TZ Newswire Staff Comments Off on Court rules Stanford Ponzi victims can’t file claims
Court rules Stanford Ponzi victims can’t file claims
A U.S. appeals court dealt a blow to the victims of financier Allen Stanford’s Ponzi scheme on Friday, ruling that they were not eligible under federal law to file claims seeking compensation for their losses. The decision by the U.S. Court of Appeals for the District of Columbia Circuit also marks a major loss for the Securities and Exchange Commission and is likely to be precedent-setting.
18 July, 2014 by The TZ Newswire Staff Comments Off on For big U.S. banks, June’s trading bonanza may not persist: executives
For big U.S. banks, June’s trading bonanza may not persist: executives
U.S. banks posted stronger-than-expected trading results in the second quarter due to surprisingly active markets in June, but bank executives stopped short of saying the good times would continue. Analysts expected banks’ bond trading revenue to have fallen somewhere around 20 percent in the second quarter from the same period last year. April and May were slow months, with JPMorgan and Citigroup both saying in May that their second quarter trading revenue would drop. The European Central Bank cut interest rates and announced other initiatives to further loosen monetary policy.
18 July, 2014 by The TZ Newswire Staff Comments Off on Preet Bharara Waiting For The Call (From Comedy Central)
Preet Bharara Waiting For The Call (From Comedy Central)
18 July, 2014 by The TZ Newswire Staff Comments Off on Stocks Close Sharply Higher; Nasdaq Leads Rebound
Stocks Close Sharply Higher; Nasdaq Leads Rebound
The stock market closed higher Friday, patching up the prior day’s sell-off. The Nasdaq jumped 1.6% as biotechs, semiconductors and Internet stocks bounced back. The S&P 500 rebounded 1% and the Dow Jones industrial average recovered 0.7%. Indexes closed near session highs, erasing practically all of Thursday’s deep losses. Volume in the stock market today was higher on the NYSE but lower on the Nasdaq, according to early figures.