28 July, 2014 by The TZ Newswire Staff Comments Off on Russia to challenge Hague Court’s Yukos ruling: Finance Ministry
Russia to challenge Hague Court’s Yukos ruling: Finance Ministry
Russia will appeal a decision of the Hague court that ruled on Monday that Moscow must pay a group of shareholders in now-defunct oil giant Yukos $50 billion for expropriating its assets, the Russian Finance Ministry said in a statement. “The Russian Federation drew attention to … serious flaws in the decision of the arbitration court,” the Finance Ministry said.
28 July, 2014 by The TZ Newswire Staff Comments Off on Wall Street ends near flat; deal news offsets data
Wall Street ends near flat; deal news offsets data
Stocks ended nearly flat on Monday as the latest deal news offset losses following soft data on the housing market and services sector. Based on the latest available data, the Dow Jones industrial average …
28 July, 2014 by The TZ Newswire Staff Comments Off on Personal Finance Daily: What not to buy at the dollar store, death of the desktop
Personal Finance Daily: What not to buy at the dollar store, death of the desktop
Tech job cuts reflect declining computer sales, and which dollar store items aren’t worth the discount.
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28 July, 2014 by The TZ Newswire Staff Comments Off on Indexes Finish Mixed As Some Chinese Stocks Rally
Indexes Finish Mixed As Some Chinese Stocks Rally
The major averages closed mixed but well off their lows after spending much of Monday’s session in the red. The Dow Jones industrial average led with a 1% gain and the S&P 500 was up a fraction. The Nasdaq trimmed its loss to 0.1% but had been down nearly 1% early. Volume swelled across the board, according to preliminary data. Discount retailers, hospitals and HMOs were among the top gainers in the stock market today.
28 July, 2014 by The TZ Newswire Staff Comments Off on Amy Hoak’s Home Economics: How the Zillow-Trulia deal affects online home search
Amy Hoak’s Home Economics: How the Zillow-Trulia deal affects online home search
Zillow would dominate the online real-estate space if it completes its acquisition of Trulia as intended.
28 July, 2014 by The TZ Newswire Staff Comments Off on Stock Action: Housing Names and Small Caps Lag
Stock Action: Housing Names and Small Caps Lag
Today’s financial recap and tomorrow’s financial outlook.
28 July, 2014 by The TZ Newswire Staff Comments Off on High-Yield Credit Hits 10-Week Wides As Stocks Bounceback To Unch
High-Yield Credit Hits 10-Week Wides As Stocks Bounceback To Unch
Despite an early dump on dismal data, US equity markets (except Trannies) ‘v-shape-recovery’ed back up to unchanged or better (as Europe closed and POMO ended) on the heels of an increasingly more beta-sensitive AUDJPY rampfest. Trannies never really recovered (3rd down day in a row) and Russell was less exuberant in its dead-cat-bounce but the Dow and S&P closed very modestly green. High-yield credit markets continue to widen – now at 10-week wides (up 35bps from tights) – notably divergent from stocks.