5 August, 2014 by The TZ Newswire Staff Comments Off on Moody’s, Goldman, feds fight the last war on financial excess
Moody’s, Goldman, feds fight the last war on financial excess
Wall Street leaders and government authorities are showing vigilance against the sort of financial abuses and market distortions that fueled the last crisis. The activity reveals an abiding suspicion of finance, and will no doubt produce its own fresh set of unintended consequences.
5 August, 2014 by The TZ Newswire Staff Comments Off on Apple Said to Debut New Bigger-Screen IPhones on Sept. 9
Apple Said to Debut New Bigger-Screen IPhones on Sept. 9
Anticipation for bigger-screen iPhones has analysts predicting that Apple will sell a record number of handsets and investors have responded by sending the stock up 18 percent this year. Samsung Electronics Co. and other smartphone vendors have used larger screen sizes to gain market share, particularly in Asian markets where bigger phones are more popular.
5 August, 2014 by The TZ Newswire Staff Comments Off on Twenty-First Century Fox withdraws bid for Time Warner
Twenty-First Century Fox withdraws bid for Time Warner
Murdoch, who is Fox’s chairman and CEO, cited Time Warner’s management and its board’s refusal to engage with Fox as one reason for the stunning turn-about. Murdoch also cited the reaction of Fox’s share price since the proposal undervalues its shares and “makes the transaction unattractive to Fox shareholders.” A Time Warner spokesman did not immediately return a request for comment. Shares of Fox were up 10.4 percent in after-market trade after closing at $31.30, while shares of Time Warner were down 10.7 percent after closing at $85.19.
5 August, 2014 by The TZ Newswire Staff Comments Off on After Hours: Groupon sinks after hours as loss widens
After Hours: Groupon sinks after hours as loss widens
Groupon shares tumble in Tuesday’s extended trading after the daily deals company reported a steeper quarterly loss on increased spending.
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5 August, 2014 by The TZ Newswire Staff Comments Off on More than a billion online accounts breached by Russian gang: report
More than a billion online accounts breached by Russian gang: report
A Russian gang has stolen 1.2 billion user names and their passwords as well as more than 500 million email addresses.
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5 August, 2014 by The TZ Newswire Staff Comments Off on Walgreen stock tumbles on report company won’t invert
Walgreen stock tumbles on report company won’t invert
Shares of pharmacy chain Walgreen fell as much as 8% Tuesday on a published report that the company would not employ a controversial practice that could save it hundreds of millions of dollars in taxes each year.
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5 August, 2014 by The TZ Newswire Staff Comments Off on Ukraine Jitters Send Stocks Lower In Afternoon Trade
Ukraine Jitters Send Stocks Lower In Afternoon Trade
The stock market finished lower Tuesday for the third time in four days amid reports of a Russian military build-up along the Ukraine border and President Vladimir Putin’s preparations to retaliate against the U.S. and Europe for economic sanctions imposed on Russia. The Nasdaq fell 0.7%; the S&P 500 dropped 1% and the Dow Jones industrial average was off 0.8%. Volume was higher on both exchanges, according to preliminary data.