29 July, 2014 by The TZ Newswire Staff Comments Off on JPMorgan to cut hundreds of tech workers
JPMorgan to cut hundreds of tech workers
JPMorgan Chase & Co., the biggest U.S. lender, is cutting hundreds of technology support employees in its corporate and investment bank amid a revenue decline, people with knowledge of the move…
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29 July, 2014 by The TZ Newswire Staff Comments Off on 11th Hour negotiations to avoid Argentina default
11th Hour negotiations to avoid Argentina default
Argentina has until Wednesday to avoid its second default in 13 years. President Cristina Kirshner’s government and bondholders have been locked in a standoff that took the parties all the way to the U.S. Supreme Court.
29 July, 2014 by The TZ Newswire Staff Comments Off on NBA players could be real winners in Clippers deal
NBA players could be real winners in Clippers deal
Yahoo Sports’ Marc Spears weighs in on the real winners and losers in the sale of the L.A. Clippers
29 July, 2014 by The TZ Newswire Staff Comments Off on Million-dollar U.S. housing loans surge to record level
Million-dollar U.S. housing loans surge to record level
Banks are handing out mortgages of as much as $10 million to the wealthy in record numbers while first-time homebuyers struggle to get loans. Erin Gorman, managing director at Bank of New York Mellon Corp., said she’s fielding more requests for home loans of at least $2 million than ever before. She recently provided a mortgage of more than $6 million for a client’s purchase of a second property in Colorado.
29 July, 2014 by The TZ Newswire Staff Comments Off on Wall Street gains, telecoms sector lifted by Windstream
Wall Street gains, telecoms sector lifted by Windstream
U.S. stocks rose Tuesday on news about a spinoff in the telecommunications sphere that sent most stocks in the sector soaring and on better-than-expected results from Pfizer and Merck. Windstream Holdings (WIN.O) jumped 18.2 percent to $12.45 in its most brisk trading on record after the company filed to spin off assets into a tax-efficient publicly-traded real estate investment trust.
29 July, 2014 by The TZ Newswire Staff Comments Off on IMF warns of potential risks to global growth
IMF warns of potential risks to global growth
Sharply higher interest rates around the world could combine with weaker growth in emerging markets to slice as much as 2 percentage points off global growth in the next five years, the International Monetary Fund said on Tuesday. In a report assessing how individual national policies could interact to undermine the world economy, the IMF also warned the conflict between Russia and Ukraine could reverberate to the rest of the region if sanctions against Russia escalate, hitting natural gas supplies to Europe and weakening European banks.
29 July, 2014 by The TZ Newswire Staff Comments Off on U.S. home prices down in May, but consumer confidence strong
U.S. home prices down in May, but consumer confidence strong
U.S. single-family home prices fell unexpectedly in May, declining for the first time in more than two years in the latest signal of the wobbly state of the housing market. Still, U.S. consumers remained confident in the broader economic picture, with a key measure of consumer attitudes at its highest since October 2007 and views of the job market the brightest in six years.