26 July, 2014 by The TZ Newswire Staff Comments Off on Cummins Inc. Q2 Earnings Preview: Here Are the Things to Keep a Tab On
Cummins Inc. Q2 Earnings Preview: Here Are the Things to Keep a Tab On
26 July, 2014 by The TZ Newswire Staff Comments Off on Two Weeks After Upgrading Stocks, Goldman Downgrades Stocks
Two Weeks After Upgrading Stocks, Goldman Downgrades Stocks
Just two short weeks ago, when Goldman’s head strategist David Kostin announced that on one hand the market’s “stellar return borrowed heavily from the future” and “is now 30%-45% overvalued compared with the average since 1928″, which “logically” led to Kostin’s conclusion that “we lift our year-end 2014 S&P 500 price target to 2050 (from 1900) and 12-month target to 2075, reflecting prospective returns of 4% a
26 July, 2014 by The TZ Newswire Staff Comments Off on Goldman mortgage deal with federal agency could reach $1.25 billion: source
Goldman mortgage deal with federal agency could reach $1.25 billion: source
A deal to resolve a U.S. regulator’s claims against Goldman Sachs Group Inc over mortgage-backed securities sold to Fannie Mae and Freddie Mac leading up to the financial crisis could cost the bank between $800 million and $1.25 billion, according to a person familiar with the matter. The person said Goldman Sachs is discussing a settlement with the Federal Housing Finance Agency (FHFA), which filed 18 lawsuits against Goldman and other banks in 2011 over about $200 billion in mortgage-backed securities that later went sour. Goldman Sachs and the FHFA declined to comment on Saturday.
26 July, 2014 by The TZ Newswire Staff Comments Off on Goldman mortgage deal could reach $1.25B: Source
Goldman mortgage deal could reach $1.25B: Source
The FHFA filed 18 lawsuits against banks in 2011 over about $200 billion in mortgage-backed securities that went sour.
26 July, 2014 by The TZ Newswire Staff Comments Off on Flight MH-17 Black Box Reveals "Massive Explosive Decompression"
Flight MH-17 Black Box Reveals "Massive Explosive Decompression"
While it was already reported that the black boxes of flight MH 17 were supposedly not tempered with, despite early propaganda attempts via planted YouTube clips to claim otherwise (clips which have since disappeared replaced by other propaganda), the question of what the data recovery team operating in London would
26 July, 2014 by The TZ Newswire Staff Comments Off on My car’s been recalled: Now what?
My car’s been recalled: Now what?
If you get a recall notice in the mail, it will tell you just about everything you need to know, including these six things.
26 July, 2014 by The TZ Newswire Staff Comments Off on SEC seeks $1.4 billion from Texas Wyly brothers after fraud verdict
SEC seeks $1.4 billion from Texas Wyly brothers after fraud verdict
Texas tycoon Sam Wyly and the estate of his late brother Charles should pay damages totaling $1.41 billion for their role in a scheme that hid trades in companies they controlled using offshore trusts, the U.S. Securities and Exchange Commission said. In a court filing late on Friday, the SEC said the amount was justified by the finding of a New York federal court jury that the Wylys had engaged in a fraud that over 13 years earned them $553 million in profits that were not disclosed to investors in the companies. “It is time to hold the Wylys accountable,” the SEC wrote.