3 September, 2014 by The TZ Newswire Staff Comments Off on Amazon CFO to step down next summer amid investor discontent
Amazon CFO to step down next summer amid investor discontent
Chief Financial Officer Thomas Szkutak, 53, will retire in June 2015 and be succeeded by Brian Olsavsky, vice president of finance for global consumer business, Amazon said. The transition comes at a delicate time for Amazon.
3 September, 2014 by The TZ Newswire Staff Comments Off on Behind Big Macs, a drama over corporate control
Behind Big Macs, a drama over corporate control
The fast-food industry is underpinned by an often tense relationship between companies like McDonald’s and Burger King and the franchisees who run their restaurants.
3 September, 2014 by The TZ Newswire Staff Comments Off on Whole Foods plays bargain grocer in Manhattan
Whole Foods plays bargain grocer in Manhattan
Whole Foods Market Inc. (WFM) , working to shed its “Whole Paycheck” image, has become one of the cheaper chains for grocery shopping in Manhattan, according to a report by Bloomberg Intelligence. …
3 September, 2014 by The TZ Newswire Staff Comments Off on Samsung pushes wearable boundaries with smart watch, VR headset
Samsung pushes wearable boundaries with smart watch, VR headset
Samsung unveiled a suite of new devices today at the IFA technology show in Germany, including a virtual reality headset and a smart watch that doesn’t need to be paired with a phone.
3 September, 2014 by The TZ Newswire Staff Comments Off on Andrew Madoff dies after long battle with cancer
Andrew Madoff dies after long battle with cancer
By Joseph Ax NEW YORK (Reuters) – Andrew Madoff, the son of convicted fraudster Bernard Madoff, died on Wednesday from cancer, his lawyer said. “Andrew Madoff has lost his courageous battle against mantle cell lymphoma,” lawyer Martin Flumenbaum said in a statement. “He died peacefully at Memorial Sloan Kettering Cancer Center on September 3, 2014, surrounded by his loving family.” Bernard Madoff is serving a 150-year prison sentence after pleading guilty to operating a massive Ponzi scheme estimated to have cost investors $17 billion in lost principal.
3 September, 2014 by The TZ Newswire Staff Comments Off on Why the VIX may not be such a great fear gauge
Why the VIX may not be such a great fear gauge
Some hedge funders are finding that the index is of little help, even prompting some to suggest that it has been artificially low.
3 September, 2014 by The TZ Newswire Staff Comments Off on Strong factory orders, auto sales brighten U.S. growth picture
Strong factory orders, auto sales brighten U.S. growth picture
New orders for U.S. factory goods jumped in July and automobile sales in August were unexpectedly strong, offering further signs of strength in the manufacturing sector. The Commerce Department said on …