28 August, 2014 by The TZ Newswire Staff Comments Off on Bank of America seeks to void verdict in $1.27 billion ‘Hustle’ case
Bank of America seeks to void verdict in $1.27 billion ‘Hustle’ case
Bank of America Corp on Thursday asked a federal judge to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27 billion penalty. District Judge Jed Rakoff in Manhattan to rule for it as a matter of law or order a new trial, arguing that the evidence at trial did not support the jury’s October 2013 verdict.
28 August, 2014 by The TZ Newswire Staff Comments Off on The Fed Will Have Few Tools Available When the Next Collapse Hits
The Fed Will Have Few Tools Available When the Next Collapse Hits
For several months we’ve noted that the US equity market was entering a kind of mania that was indicative of a top forming.
In particular we noted:
1) Investors piling into stock-based mutual funds at a pace not seen since the Tech Bubble.
2) Margin debt (debt investors take on to buy stocks) at a record high.
3) Market leaders (Tesla, Netflix, etc.) showing clear signals of investor rotation.
4) Corporate profit margins at record highs and primed to fall.
28 August, 2014 by The TZ Newswire Staff Comments Off on Stocks Handle Ukraine News Well, Keeping Losses Small
Stocks Handle Ukraine News Well, Keeping Losses Small
Stocks spent the entire day in the red Thursday, but low volume communicated indifference. The Nasdaq lost 0.3%, while the S&P 500 shaved 0.2%. Volume fell across the board. Although the second read on Q2 GDP was stronger than expected and jobless claims lower than estimates, the market ignored the good news. The focus shifted to the international situation after reports that Russian troops entered Ukraine.
28 August, 2014 by The TZ Newswire Staff Comments Off on Facebook disputes study showing social media users shy from debate
Facebook disputes study showing social media users shy from debate
Facebook is disputing the findings of a Pew Research study showing that social media sites, including Facebook and Twitter, tend to stifle debate among users,
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28 August, 2014 by The TZ Newswire Staff Comments Off on Splunk Earnings: Strong Results Send Stock Soaring
Splunk Earnings: Strong Results Send Stock Soaring
Splunk’s big-ticket growth story continues to gain momentum, with solid earnings beats on both the top and bottom lines in its most recent quarterly report.
28 August, 2014 by The TZ Newswire Staff Comments Off on Summarizing The West’s Russia-Ukraine Propaganda
Summarizing The West’s Russia-Ukraine Propaganda
Submitted by Dmitry Orlov via ClubOrlov blog,
28 August, 2014 by The TZ Newswire Staff Comments Off on Google developing drone delivery system
Google developing drone delivery system
On Thursday Google unveiled plans to develop a drone delivery system with a new sector called Project Wing.