29 July, 2014 by The TZ Newswire Staff Comments Off on GM sued over deaths linked to ignition switch
GM sued over deaths linked to ignition switch
GM was hit with a lawsuit brought on behalf of more than 650 people allegedly injured or killed in accidents involving cars that have been recalled.
29 July, 2014 by The TZ Newswire Staff Comments Off on Economy seen regaining muscle in second quarter
Economy seen regaining muscle in second quarter
U.S. economic growth likely regained steam in the second quarter as activity picked up broadly, which would bolster expectations for a stronger performance in the last six months of the year. Gross domestic product likely grew at a 3.0 percent annual rate after shrinking at a 2.9 percent pace in the first quarter, according to a Reuters survey of economists. “I don’t think the contraction we saw in the first quarter is reflective of what’s truly going on in the economy,” said Gus Faucher, senior economist at PNC Financial Services Group in Pittsburgh.
29 July, 2014 by The TZ Newswire Staff Comments Off on Exclusive: Upstart trading venue IEX may prompt U.S. market rule change
Exclusive: Upstart trading venue IEX may prompt U.S. market rule change
U.S regulators may relax rules that require the fastest possible execution of securities trades, potentially helping upstart trading venue IEX Group’s plans to become a full-fledged stock exchange. IEX, described in author Michael Lewis’ book “Flash Boys: A Wall Street Revolt” earlier this year as a place for investors to place buy and sell orders without worrying that they are being “front-run” by other traders whose order transmission speeds are faster than theirs.
29 July, 2014 by The TZ Newswire Staff Comments Off on The Wall Street Journal: McDonald’s Japan offers tofu McNuggets
The Wall Street Journal: McDonald’s Japan offers tofu McNuggets
McDonald’s Japan is introducing a new nugget snack swapping out chicken in favor of tofu.
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29 July, 2014 by The TZ Newswire Staff Comments Off on Paul B. Farrell: America ‘Under the Dome’: Who dies in food wars?
Paul B. Farrell: America ‘Under the Dome’: Who dies in food wars?
Horror master Stephen King’s “Under the Dome” is a vision of America’s future.
29 July, 2014 by The TZ Newswire Staff Comments Off on Caixin Online: How China’s anti-corruption drive works — Caixin explains
Caixin Online: How China’s anti-corruption drive works — Caixin explains
Caixin Online offers a look into how China’s anti-graft campaign works, along with a fascinating list of common crimes, part of an issue that has seen little reporting in English-language media.
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29 July, 2014 by The TZ Newswire Staff Comments Off on China’s big bust shocks the nation
China’s big bust shocks the nation
If you read only one “China probes top official” story this year, it should be this one, suggests Merrill Lynch.