26 September, 2014 by The TZ Newswire Staff Comments Off on ‘Bond King’ Bill Gross quits Pimco for Janus
‘Bond King’ Bill Gross quits Pimco for Janus
Bill Gross, the bond market’s most renowned investor, quit Pimco for distant rival Janus Capital Group Inc on Friday, the day before he was expected to be fired from the huge investment firm he co-founded more than 40 years ago. Gross, 70, had been clashing with the firm’s executive committee and had threatened to resign multiple times, a source familiar with the situation said. The committee had planned to accept his latest resignation from the post of chief investment officer on Saturday.
26 September, 2014 by The TZ Newswire Staff Comments Off on Secret tapes of Fed meetings on Goldman prompt call for U.S. hearings
Secret tapes of Fed meetings on Goldman prompt call for U.S. hearings
Elizabeth Warren, a Democrat on the Senate Banking Committee, on Friday called for hearings after portions of the recordings from 2011 and 2012 were made public. Fellow Democrat Sherrod Brown, also a committee member, called for a “full and thorough investigation” into the allegations they raised.
26 September, 2014 by The TZ Newswire Staff Comments Off on China industrial profits fall in August in latest weak data
China industrial profits fall in August in latest weak data
China’s industrial profits fell 0.6 percent in August from a year earlier, reversing from July’s 13.5 percent annual rise, the government said on Saturday, the latest in a series of weak data from the world’s second-largest economy. China’s National Bureau of Statistics did not give a reason for the August decline. The monthly decline adds to recent weak figures that have fueled fears that China is at risk of a sharp slowdown if it does not make fresh stimulus measures.
26 September, 2014 by The TZ Newswire Staff Comments Off on What ritzy New York real estate says about stocks
What ritzy New York real estate says about stocks
The correlation between stocks and real estate.
26 September, 2014 by The TZ Newswire Staff Comments Off on Secret tapes spark controversy over NY Fed’s relationship with banks
Secret tapes spark controversy over NY Fed’s relationship with banks
The powerful New York Federal Reserve came under scrutiny Friday after a news report indicated some officials were often lenient in dealing with Wall Street’s biggest investment bank.
26 September, 2014 by The TZ Newswire Staff Comments Off on Windstream Gives Options To Its Shareholders
Windstream Gives Options To Its Shareholders
By IAEResearch:
Windstream (NASDAQ:WIN) has been performing exceptionally well this year — the stock is up around 40% year-to-date. Windstream has been a stock of choice for the investors looking for income in the telecom sector — the current dividend yield of the stock stands at 8.7%, but it will be slashed as the company goes ahead with its structural change to a REIT (discussed later in the article).