21 August, 2014 by The TZ Newswire Staff Comments Off on Bank of America settlement to create third-quarter loss
Bank of America settlement to create third-quarter loss
With the bulk of its crisis-era fines now out of the way, Bank of America can fully focus on business.
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21 August, 2014 by The TZ Newswire Staff Comments Off on Cadillac considers leaving Detroit for Manhattan
Cadillac considers leaving Detroit for Manhattan
General Motors’ premium Cadillac group is considering expanding its offices from Detroit to Manhattan.
21 August, 2014 by The TZ Newswire Staff Comments Off on Missouri Governor Withdraws National Guard From Ferguson, Holder Warns Of "Deeper Mistrust"
Missouri Governor Withdraws National Guard From Ferguson, Holder Warns Of "Deeper Mistrust"
Assuming Missouri Governor Jay Nixon doesn’t believe that last night’s massive storms were the cause of a quieter night in Ferguson, he has decided to withdraw The National Guard from the scene of Mike Brown’s death. It is unclear whether he realizes the error of his ways in this heavy-handed response or got a tap on the shoulder from The White House.
21 August, 2014 by The TZ Newswire Staff Comments Off on Where you give up the most to afford a house
Where you give up the most to afford a house
Zillow has a new report out showing the least affordable cities for housing.
21 August, 2014 by The TZ Newswire Staff Comments Off on Argentina Peso Collapses At Fastest Pace In 8 Months, Hits Record Low
Argentina Peso Collapses At Fastest Pace In 8 Months, Hits Record Low
Since President Kirchner unleashed her ‘cramdown’ plan for Argentinian debt, the Peso has collapsed at the fastest pace since January’s devaluation. The ‘official’ Peso prices has collapsed 1.3% in the last 2 day to 8.39 per USD – and Argentina’s debt yields have surged (prices tumbled) but the black-market Blue-Dolar price has exploded to an all-time low at 13.8 per USD, implying massive devaluation is coming.
21 August, 2014 by The TZ Newswire Staff Comments Off on Inspiring Economic Dynamism within Japan
Inspiring Economic Dynamism within Japan
On July 23, 2014, we had the privilege of hearing Takeshi Niinami, chairman of the board of Lawson, and soon to be CEO of Suntory Holdings, speak about the third arrow of abenomics. We thank the Japan Society for allowing us to participate in this event. The Third Arrow: Most Critical Part of Abenomics WisdomTree has been excited about Abenomics since its genesis in November of 2012.
21 August, 2014 by The TZ Newswire Staff Comments Off on LightSquared Is Back In Business
LightSquared Is Back In Business
And that business is making interest payments on its mountain of debt, as creditors, would-be creditors, Phil Falcone and a federal bankruptcy-court judge fiddle. LightSquared lost $51.4 million in July, bringing Philip Falcone’s wireless venture’s total loss since its May 2012 bankruptcy filing to $1.51 billion…. The company again attributed the bulk of the losses…