21 September, 2014 by The TZ Newswire Staff Comments Off on The Wall Street Journal: EMC weighs merger, other options
The Wall Street Journal: EMC weighs merger, other options
Data-storage giant EMC Corp., under pressure from a shareholder activist and faced with the expected retirement of its longtime chief executive, is considering options that could include a merger deal with a rival, The Wall Street Journal reports.
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21 September, 2014 by The TZ Newswire Staff Comments Off on Liquidations Continue: Stocks, Dollar Slide, Precious Metals Pounded In Asia Trading
Liquidations Continue: Stocks, Dollar Slide, Precious Metals Pounded In Asia Trading
Markets are very active in the early Asian trading session (following the G-20-‘s warnings over excess risk-taking). Precious metal liquidations continue with silver bearing the brunt (back below pre-Lehman levels) and gold down modestly. Stocks from China to US are all down notably too.
21 September, 2014 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Siemens to unveil $6 billion deal for Dresser-Rand
The Wall Street Journal: Siemens to unveil $6 billion deal for Dresser-Rand
German engineering giant Siemens is slated to announce as soon as Monday a multibillion-dollar deal to acquire U.S.
21 September, 2014 by The TZ Newswire Staff Comments Off on We Are Living In A State Of Keynesian "Bliss"
We Are Living In A State Of Keynesian "Bliss"
Submitted by Mark Jeftoviv via Rebooting Capitalism blog,
21 September, 2014 by The TZ Newswire Staff Comments Off on Asian shares slip, dollar pulls away from highs
Asian shares slip, dollar pulls away from highs
Asian shares skidded on Monday as investors awaited data this week that could provide more evidence of a slowdown in China, while the dollar gave back a little of its recent gains. China’s flash manufacturing PMI reading on Tuesday could come in below the 50 level, indicating that manufacturing activity is contracting. “The psychological effect of a below-50 reading will be significant and consistent with the slew of softer Chinese data over recent weeks.” Mitul Kotecha, head of FX strategy Asia-Pacific for Barclays in Singapore, said in a note to clients.
21 September, 2014 by The TZ Newswire Staff Comments Off on Siemens in agreed $7.6 billion deal to buy Dresser-Rand
Siemens in agreed $7.6 billion deal to buy Dresser-Rand
Industrial conglomerate Siemens AG (SIEGn.DE) said on Monday it would buy U.S. Germany’s Siemens said its $83 per-share bid was unanimously supported by Dresser-Rand’s board of directors. Within minutes of that statement, it also announced the sale of its 50 percent stake in BSH Bosch und Siemens Hausgeraete GmbH to joint venture partner Robert Bosch GmbH for 3 billion euros ($3.85 billion), ending their more than 45 year alliance in household appliances. “As the premium brand in the global energy infrastructure markets, Dresser-Rand is a perfect fit for the Siemens portfolio.
21 September, 2014 by The TZ Newswire Staff Comments Off on Bank of America shares to rise 50 percent in three years: Barron’s
Bank of America shares to rise 50 percent in three years: Barron’s
The bank could report earnings per share of $2 by 2017, which compares with 75 cents this year, according to the report. While legal costs related to the global financial crisis have impacted the bank’s earnings, it should start to become more profitable in the fourth quarter, Barron’s noted. Chief Executive Brian Moynihan told the newspaper that the bank is seeing rising profit in its core units. Shares in Bank of America closed on Friday at $16.95 per share.