6 August, 2014 by The TZ Newswire Staff Comments Off on Less Money, Less Problems? Why Declining Renewable Energy Investment Might Be a Good Thing
Less Money, Less Problems? Why Declining Renewable Energy Investment Might Be a Good Thing
The renewable energy pot continues to shrink — but investors and countries may be getting more bang for their buck.
6 August, 2014 by The TZ Newswire Staff Comments Off on Fear not. The VIX is flashing a buy sign
Fear not. The VIX is flashing a buy sign
Why the recent spike in the CBOE Volatility Index could be good for stocks.
6 August, 2014 by The TZ Newswire Staff Comments Off on Wells Fargo loosens standards for jumbo mortgages
Wells Fargo loosens standards for jumbo mortgages
Wells Fargo & Co (WFC.N) has relaxed its standards for loans for some high-priced homes as the largest U.S. mortgage lender tries to combat an industry-wide drop in mortgage volumes. The bank has eased its lending standards on mortgages it acquires from other banks, said spokesman Tom Goyda, for “jumbo” loans that are too large to receive a guarantee from government-backed mortgage companies. In late July, the San Francisco-based bank lowered the minimum credit score on these fixed-rate jumbo mortgages to 700 from 720, Goyda said.
6 August, 2014 by The TZ Newswire Staff Comments Off on Russia sanctions accelerate risk to dollar dominance
Russia sanctions accelerate risk to dollar dominance
U.S. and European Union sanctions against Russia threaten to hasten a move away from the dollar that’s been stirring since the global financial crisis. One place the shift has become evident is Hong Kong, where dollar selling has led the central bank to buy more than $9.5 billion since July 1 to prevent its currency from rallying as the sanctions stoked speculation of an influx of Russian cash. OAO MegaFon, Russia’s second-largest wireless operator, shifted some cash holdings into the city’s dollar.
6 August, 2014 by The TZ Newswire Staff Comments Off on Samsung, Apple agree to drop lawsuits outside US
Samsung, Apple agree to drop lawsuits outside US
Samsung and Apple Inc. have agreed to end all patent lawsuits between each other outside the U.S. in a step back from three years of legal hostilities between the world’s two largest smartphone makers. …
6 August, 2014 by The TZ Newswire Staff Comments Off on Walgreen turns down inversion to cut tax bill
Walgreen turns down inversion to cut tax bill
Walgreen plans to keep its roots firmly planted in the United States, saying it will no longer pursue an overseas reorganization that would have trimmed the amount of U.S. taxes it pays. The nation’s largest …
6 August, 2014 by The TZ Newswire Staff Comments Off on US companies falling behind as Africa surges
US companies falling behind as Africa surges
As Africa’s economy rises, American businesses are at risk of being left behind. “We are missing the boat” was the sour warning former President Bill Clinton issued Tuesday at an otherwise upbeat …