20 August, 2014 by The TZ Newswire Staff Comments Off on Awash with cash, world economies take turn for worse
Awash with cash, world economies take turn for worse
In a world preoccupied by geopolitical crises, the global economy has taken something of a back seat.
20 August, 2014 by The TZ Newswire Staff Comments Off on The Wall Street Journal: American Tire draws buyout interest from private equity
The Wall Street Journal: American Tire draws buyout interest from private equity
A handful of private-equity firms are vying to buy American Tire Distributors in an auction that could fetch more than $3 billion, The Wall Street Journal reports.
20 August, 2014 by The TZ Newswire Staff Comments Off on Top Large-Cap Funds Stand Out
Top Large-Cap Funds Stand Out
Performance by the average large-cap mutual fund has lagged behind small- and midcap funds over the past 15 years. But top-performing large-cap funds have managed to generate impressive gains. A $10,000 investment started in the average large-cap fund on June 30, 1999, would have grown to $17,315 by Aug. 19, according to Morningstar data. The same investment would have mushroomed to $34,753 in midcap funds and to $38,842 in small-cap funds.
20 August, 2014 by The TZ Newswire Staff Comments Off on Google Inc. Tightens Its Grip on Advertisers
Google Inc. Tightens Its Grip on Advertisers
Even as the digital advertising space heats up, the online giant irks many marketing customers by changing its search results options.
20 August, 2014 by The TZ Newswire Staff Comments Off on Write-Offs: 08.20.14
Write-Offs: 08.20.14
$$$ Countrywide’s Mozilo Said to Face U.S. Suit Over Loans [Bloomberg] $$$ Nervous Hedge Funds Turn Defensive on Concerns Over Asset Prices [WSJ] $$$ BofA MBS Accord With U.S. Said Coming as Soon as Today [Bloomberg] $$$ Could McDonald’s Be the Latest Victim of Russian Retaliation? [BusinessWeek] $$$ Florida Man Tried To Fight Fire Hydrant…
20 August, 2014 by The TZ Newswire Staff Comments Off on Pimco Not Sweating “Isolated Issue With Insects”
Pimco Not Sweating “Isolated Issue With Insects”
20 August, 2014 by The TZ Newswire Staff Comments Off on BofA in $16.5 billion deal with U.S. over mortgage bonds: source
BofA in $16.5 billion deal with U.S. over mortgage bonds: source
Bank of America Corp is expected to pay more than $16.5 billion to end investigations into mortgage securities that the bank and its units sold in the run-up to the financial crisis, in a deal that could be announced as early as Thursday, a person familiar with the matter said. An agreement in principle was reached earlier this month after a phone call between the bank’s chief executive, Brian Moynihan, and Attorney General Eric Holder. Representatives of the Justice Department and Bank of America declined comment.