23 September, 2014 by The TZ Newswire Staff Comments Off on Mark Hulbert: Did Alibaba’s IPO signal a top in the stock market?
Mark Hulbert: Did Alibaba’s IPO signal a top in the stock market?
An experienced researcher suggests the S&P 500 could drop up to 18%, writes Mark Hulbert.
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23 September, 2014 by The TZ Newswire Staff Comments Off on Apple: We’re not shutting down Beats Music service
Apple: We’re not shutting down Beats Music service
Why would Apple plan to shut down Beats Music, as a TechCrunch headline reports? Answer: It’s not.
23 September, 2014 by The TZ Newswire Staff Comments Off on El-Erian opens up on decision to leave Pimco
El-Erian opens up on decision to leave Pimco
Mohamed El-Erian expected to go quietly. The one-time Pimco heir apparent had no idea leaving the firm would create a fire storm.
23 September, 2014 by The TZ Newswire Staff Comments Off on Euro zone business growth slows in September as prices keep sliding: PMI
Euro zone business growth slows in September as prices keep sliding: PMI
The data will dishearten the European Central Bank, which is struggling to spur growth and revive inflation rooted way below its target. Markit’s Composite Flash Purchasing Managers’ Index, based on surveys of thousands of companies across the region and seen as a good indicator of growth, dipped to a nine-month low of 52.3, shy of expectations in a Reuters poll for no change from August’s 52.5. The index has been above the 50 mark that separates growth from contraction since July 2013 although Markit said the latest survey pointed to third-quarter economic growth of just 0.3 percent.
23 September, 2014 by The TZ Newswire Staff Comments Off on Alibaba’s Jack Ma rises to top of China rich list as tech tycoons gain
Alibaba’s Jack Ma rises to top of China rich list as tech tycoons gain
Jack Ma, executive chairman of Alibaba Group Holding Ltd (BABA.N), has become China’s richest man with a fortune estimated at $25 billion, underscoring the ascension of tech tycoons over real estate peers in the world’s second biggest economy. Ma knocked Wang Jianlin, head of the Wanda property group, into second place with $24.2 billion, according to this year’s list of China’s super-rich published by Hurun Reports Inc.
23 September, 2014 by The TZ Newswire Staff Comments Off on Philips to split into two companies
Philips to split into two companies
Philips says it is preparing its lighting business for a stand-alone future, and will merge its health care and consumer-lifestyle operations into a new company.
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23 September, 2014 by The TZ Newswire Staff Comments Off on London Markets: Shire, AstraZeneca fall in London after U.S. tax move
London Markets: Shire, AstraZeneca fall in London after U.S. tax move
Shares of Shire and AstraZeneca are falling Tuesday as a move by the U.S.