The Traderszone Network

22 July, 2014 by The TZ Newswire Staff Comments Off on China meat scandal hits Starbucks, Burger King

China meat scandal hits Starbucks, Burger King

A suspect meat scandal in China engulfed Starbucks and Burger King on Tuesday and spread to Japan where McDonald’s said the Chinese supplier accused of selling expired beef and chicken had provided 20 …

22 July, 2014 by The TZ Newswire Staff Comments Off on Senate panel to debate wave of corporate tax-avoidance deals

Senate panel to debate wave of corporate tax-avoidance deals

As more U.S. corporations do deals to cut taxes by shifting their tax domiciles overseas, the Senate Finance Committee will hold a hearing on Tuesday focused on these transactions known as inversions. Nine such deals have been agreed to this year by companies ranging from banana distributor Chiquita Brands International, Inc to drugmaker AbbVie Inc and more are being considered. Witnesses at the Senate Finance Committee’s hearing will include government officials and academics.

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22 July, 2014 by The TZ Newswire Staff Comments Off on Saudi to open $531 billion stock market to foreigners

Saudi to open $531 billion stock market to foreigners

Saudi Arabia (SABIC) will open up its stock market to foreign investors in the first half of 2015, providing greater access to the Arab world’s biggest exchange. The Capital Market Authority will publish next month rules for participation by qualified foreign financial institutions in the market, the regulator said in a statement on its website. The Tadawul All Share Index surged 3 percent to 10,046.64, the strongest level since May 2008, as of 12:21 p.m. in Riyadh.

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22 July, 2014 by The TZ Newswire Staff Comments Off on Microsoft CEO, seeking growth, tells managers: Step it up

Microsoft CEO, seeking growth, tells managers: Step it up

The day Satya Nadella became Microsoft Corp. (MSFT)’s chief executive officer, he invited several dozen vice presidents to breakfast and had a simple, calm admonition for them: “Can you step it up?” The engineer’s tone was a departure from the yelling and wild gesticulations favored by his salesman predecessor Steve Ballmer and the razor-sharp interrogations of co-founder Bill Gates. “He’s one of those people where you just hate to say no to the guy,” Jeff Teper, Microsoft’s head of corporate strategy, said of Nadella in an interview in March.

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22 July, 2014 by The TZ Newswire Staff Comments Off on Housing buoyed by 20-year high for vet’s loans

Housing buoyed by 20-year high for vet’s loans

During his third deployment in Afghanistan, Air Force Staff Sgt. Claude Hunter was so eager to return to the U.S. and buy a house that he signed a contract for a property that his agent showed him over Skype. Hunter got back in time to close the deal, paying $219,000 in May for the four-bedroom Waldorf, Maryland, house that he financed with a U.S. Department of Veterans Affairs mortgage. “On Facebook, my friends have started posting: ‘I got my VA loan, I got my house,'” said Hunter, 31. America’s fragile housing recovery is getting a boost from military buyers using VA mortgages as the U.S.

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22 July, 2014 by The TZ Newswire Staff Comments Off on World stocks rise as Ukraine plane tensions ease

World stocks rise as Ukraine plane tensions ease

World stock markets rose Tuesday as tensions over the downing of a passenger jet in Ukraine eased after pro-Moscow separatists released a train packed with bodies and handed over the aircraft’s black boxes.

22 July, 2014 by The TZ Newswire Staff Comments Off on Netflix tops 50M subscribers as 2Q earnings soar

Netflix tops 50M subscribers as 2Q earnings soar

Netflix’s second-quarter earnings more than doubled as new episodes from a hit series helped the Internet video service surpass 50 million worldwide subscribers for the first time. The gains announced …