23 September, 2014 by The TZ Newswire Staff Comments Off on Clinton: Profits won’t be priority No. 1 in future
Clinton: Profits won’t be priority No. 1 in future
Bill Clinton predicts corporations will care less about profits and more about employees. The shift will happen, he said, without significant government involvement.
23 September, 2014 by The TZ Newswire Staff Comments Off on New U.S. tax rules chill ‘inversion’ deal-making; shares dive
New U.S. tax rules chill ‘inversion’ deal-making; shares dive
As investors sold stocks involved in inversions, in which U.S. Despite new rules that will make some inversions costlier and others more difficult to do, Burger King Worldwide Inc (BKW.N) said it will proceed with its $11.5 billion deal with Canada’s Tim Hortons Inc (THI.TO), stressing that the transaction was not about tax benefits.
23 September, 2014 by The TZ Newswire Staff Comments Off on Here are the best places to buy and sell houses
Here are the best places to buy and sell houses
Zillow has a new study out showing which cities are best for selling and buying homes. Check it out.
23 September, 2014 by The TZ Newswire Staff Comments Off on Ascena has worst day since 1990 after results
Ascena has worst day since 1990 after results
Shares of Ascena Retail Group Inc (ASNA.O) were suffering their biggest one-day decline in 14 years on Tuesday, a day after the company reported weak fourth-quarter results. After the market closed on Monday, Ascena reported adjusted earnings that missed expectations, along with weaker-than-forecast revenue.
23 September, 2014 by The TZ Newswire Staff Comments Off on Sturdy U.S. factory, services data bolster growth picture
Sturdy U.S. factory, services data bolster growth picture
The economic picture was further brightened by other data on Tuesday showing an acceleration in factory and services industry growth in some areas of the country. “The rest of the economy continues to deliver the goods, but the housing market is still not performing as everybody thought it would and that’s going to take some time,” said Eugenio Aleman, a senior economist at Wells Fargo Securities in Charlotte, North Carolina.
23 September, 2014 by The TZ Newswire Staff Comments Off on EU’s Almunia says may probe Google’s non-search services
EU’s Almunia says may probe Google’s non-search services
Google Inc, the target of an EU antitrust investigation into its internet search engine, may face further scrutiny over its other services following several complaints, Europe’s antitrust chief said on Tuesday. European Competition Commissioner Joaquin Almunia said this meant Google could end up a bigger case than Microsoft Corp, which found itself embroiled in a decade-long battle with the EU watchdog and was hit with more than 2.2 billion euros ($2.8 billion) in fines.
23 September, 2014 by The TZ Newswire Staff Comments Off on Stocks Fall To Session Lows; Vipshop Bucks The Trend
Stocks Fall To Session Lows; Vipshop Bucks The Trend
Selling picked up the pace in the major averages in late-afternoon trading Tuesday. The Dow Jones industrial average fell 0.6%; the S&P 500 gave up 0.4% and the Nasdaq lost 0.3%. NYSE and Nasdaq volume was tracking about 5% to 10% lower than Monday’s levels. In the stock market today, U.K.-based AstraZeneca (AZN) lost 5% after the U.S. government released new rules to fight tax inversions, in which U.S. companies avoid U.S.