13 August, 2014 by The TZ Newswire Staff Comments Off on Bill Ackman plans to raise $4B through listed fund
Bill Ackman plans to raise $4B through listed fund
Bill Ackman is planning to raise around $4 billion by listing a new investment vehicle in London, the FT reports.
13 August, 2014 by The TZ Newswire Staff Comments Off on Market ‘overexcited’ about BoE rate hike: Pro
Market ‘overexcited’ about BoE rate hike: Pro
Simon Derrick, chief currency strategist at BNY Mellon, says the market was “overexcited” about the prospects of a U.K. rate hike and discusses the price movement of sterling.
13 August, 2014 by The TZ Newswire Staff Comments Off on Stated income loans make comeback as mortgage lenders seek clients
Stated income loans make comeback as mortgage lenders seek clients
Lenders say these aren’t the same products as the so-called “liar loans” that were pervasive before the housing bust. Instead, the loans are going to borrowers such as small business owners or investors buying properties they intend to rent who can demonstrate an ability to repay, verifiable through bank or brokerage statements. Lenders said they look for enough assets to pay six to 12 months of payments, while also demanding high down payments to reduce the chance of default.
13 August, 2014 by The TZ Newswire Staff Comments Off on M&S patches up ‘consumer love affair’ for merrier Christmas
M&S patches up ‘consumer love affair’ for merrier Christmas
British retailer Marks & Spencer (MKS.L) is close to having both its food and general merchandise divisions “firing on all cylinders” and expects a better Christmas after poor clothing sales hit last holiday season, according to its food business head. While the 130-year-old firm’s general merchandise (GM) division – clothing, footwear and homewares – has posted 12 consecutive quarters of declining sales at stores open over a year, its food business has delivered 19 straight quarters of like-for-like sales growth.
13 August, 2014 by The TZ Newswire Staff Comments Off on Update: Silver Wheaton Misses Q2 Earnings Estimates
Update: Silver Wheaton Misses Q2 Earnings Estimates
Silver Wheaton (NYSE:SLW) just reported its second quarter 2014 earnings. The company announced that it recorded sales of 8.4 million silver equivalent ounces at $19.83 per silver ounce, giving the company revenues of $148.6 million and net income of $63.5 million or $.18 per share.
13 August, 2014 by The TZ Newswire Staff Comments Off on China’s credit slowdown: a default risk?
China’s credit slowdown: a default risk?
China’s sharp credit growth slowdown in July may signal rising default risks in some parts of the economy, analysts said.
13 August, 2014 by The TZ Newswire Staff Comments Off on NetApp’s (NTAP) CEO Tom Georgens on Q1 2015 Results – Earnings Call Transcript
NetApp’s (NTAP) CEO Tom Georgens on Q1 2015 Results – Earnings Call Transcript
Start Time: 17:30
End Time: 18:28
NetApp, Inc. (NASDAQ:NTAP)
Q1 2015 Earnings Conference Call
August 13, 2014, 17:30 PM ET
Executives
Kris Newton – VP of IR
Tom Georgens – CEO
Nick Noviello – CFO
Analysts
Brian Marshall – ISI
Lou Miscioscia – CLSA
Brian White – Cantor Fitzgerald
Andrew Nowinski – Piper Jaffray
Ben Reitzes – Barclays Capital