3 October, 2014 by The TZ Newswire Staff Comments Off on Challenge awaits bond star Gross at team-spirited Janus
Challenge awaits bond star Gross at team-spirited Janus
Bill Gross last week abruptly left Newport Beach, California-based Pimco, the firm he built into a bond giant, to join Janus Capital Group (JNS.N), a small Denver firm that touts on its website how its friendly, team-oriented culture creates “strong collaborators.” While investors are certainly excited about the move – Janus shares are up 30 percent since the announcement – some wonder just how much easily the outspoken, 70-year-old Gross will fit in at the firm led by Pimco veteran Richard Weil.
3 October, 2014 by The TZ Newswire Staff Comments Off on Yahoo plans to invest in Snapchat: WSJ
Yahoo plans to invest in Snapchat: WSJ
Yahoo and Snapchat held talks that are expected to lead to an investment in the mobile-messaging startup’s next funding round, the Journal said, citing three people familiar with the matter. The round values Snapchat at about $10 billion and it was not clear how much Yahoo plans to invest in the hugely popular application, the Journal said. Yahoo and Snapchat were not immediately available for comments.
3 October, 2014 by The TZ Newswire Staff Comments Off on States probe JPMorgan Chase as hack seen fueling fraud
States probe JPMorgan Chase as hack seen fueling fraud
Illinois Attorney General Lisa Madigan said she has launched a probe into the hack on the No. 1 U.S. The bank said in April that it expects to spend more than $250 million on cybersecurity this year, with about 1,000 people focused on the area.
3 October, 2014 by The TZ Newswire Staff Comments Off on Microsoft says Samsung owes $6.9 million in unpaid interest
Microsoft says Samsung owes $6.9 million in unpaid interest
Microsoft Corp (MSFT.O) is demanding $6.9 million interest from Samsung Electronics in a dispute over smartphone patent royalties, according to a lawsuit unsealed by a New York federal court on Friday. Microsoft is asking the court to rule that it did not breach a business collaboration agreement with Samsung, and that Samsung must pay interest on more than $1 billion in royalty payments which it delayed in protest at Microsoft’s planned purchase of rival Nokia’s handset business. A redacted version of the lawsuit was filed by Microsoft in August.
3 October, 2014 by The TZ Newswire Staff Comments Off on U.S. judge orders Argentina to stop servicing exchange bonds locally
U.S. judge orders Argentina to stop servicing exchange bonds locally
In a rare move, District Judge Thomas Griesa held Argentina in contempt earlier this week, saying its attempts to pay holders of the bonds it restructured in 2005 and 2010 debt swaps locally were “illegal.” The judge prevented Argentina in June from making a coupon payment to exchange bondholders because of his earlier ruling that the South American country could only do so if it paid the U.S.
3 October, 2014 by The TZ Newswire Staff Comments Off on French court suspends Airbus insider trading trial
French court suspends Airbus insider trading trial
French judges on Friday effectively suspended a trial involving allegations of insider trading in the shares of Airbus Group to allow a higher court to rule on whether the long-awaited procedure was constitutional. Seven current or former managers and two former industrial shareholders are accused of illegally selling shares in what was then known as EADS, in March 2006, in the knowledge that things were about to go wrong at Europe’s largest aerospace firm.
3 October, 2014 by The TZ Newswire Staff Comments Off on Fidelity’s Bright Stars
Fidelity’s Bright Stars
Joel Tillinghast and Will Danoff are renowned stockpickers closing in on 25 years managing funds for Fidelity. What’s next?