23 July, 2014 by The TZ Newswire Staff Comments Off on S&P faces fraud charges over mortgage ratings
S&P faces fraud charges over mortgage ratings
Standard & Poor’s may face securities fraud charges for ratings given to six commercial mortgage-backed securities issued in 2011.
23 July, 2014 by The TZ Newswire Staff Comments Off on Yum cuts ties with China meat plant after scandal
Yum cuts ties with China meat plant after scandal
Yum severed ties with OSI Group after police detained five people from the supplier’s meat-processing factory.
23 July, 2014 by The TZ Newswire Staff Comments Off on Personal Finance Daily: Where have all the iPad buyers gone?
Personal Finance Daily: Where have all the iPad buyers gone?
Why sales of Apple’s tablets fell for the second straight quarter.
read more
23 July, 2014 by The TZ Newswire Staff Comments Off on Japanese Exports Tumble For 2nd Month In A Row, Worst Since Abenomics Began
Japanese Exports Tumble For 2nd Month In A Row, Worst Since Abenomics Began
Japanese exports have disappointed expectations for 6 of the last 7 months. June saw exports drop 2.0% (versus an expectation of a rise of 1.0%). This is the first consecutive month drop in exports since Dec 2012 (before Abenomics was unleashed). Despite eysterday’s incessant bullshit from various BoJ member about the economy being on track for receovery etc. the adjusted trade balane has now been in deficit for 39 months in a row with June’s unadjusted trade-deficit dramatically worse than expected at JPY822billion.
23 July, 2014 by The TZ Newswire Staff Comments Off on Gilead Sciences Crushes Second-Quarter Earnings
Gilead Sciences Crushes Second-Quarter Earnings
Gilead’s new hepatitis C drug, Sovaldi, helps propels a gigantic earnings beat in the second quarter.
23 July, 2014 by The TZ Newswire Staff Comments Off on Apple’s Next Big Stock Jump
Apple’s Next Big Stock Jump
23 July, 2014 by The TZ Newswire Staff Comments Off on GM recalls 717,950 vehicles in U.S., not for ignition switches
GM recalls 717,950 vehicles in U.S., not for ignition switches
General Motors Co on Wednesday announced six recalls covering 717,950 vehicles in the United States for varying reasons, although none were related to ignition switch issues. GM has recalled nearly 15 million vehicles worldwide this year for potentially lethal issues with ignition switches. Vehicles involved in the recalls announced Wednesday have been linked to two crashes and three injuries but no deaths, GM said.