5 October, 2014 by The TZ Newswire Staff Comments Off on Canadian company lays out defense case for its jailed CEO
Canadian company lays out defense case for its jailed CEO
Defense lawyers for a Canadian executive sentenced to 15 years prison in Cuba on bribery and other charges released a raft of documents on Sunday seeking to bolster their case that Cy Tokmakjian was denied a fair trial. Tokmakjian’s transportation company said crucial evidence prepared by the defense team was not accepted by the five-judge panel during the two-week trial in June, and relevant witnesses including experts were denied a chance to testify.
5 October, 2014 by The TZ Newswire Staff Comments Off on Bill Gross told rival Gundlach: ‘I am Kobe, you are LeBron’
Bill Gross told rival Gundlach: ‘I am Kobe, you are LeBron’
Two of the biggest-ever names in fixed-income investing, Bill Gross and Jeffrey Gundlach, fierce rivals who had never previously talked, held a secret meeting over glasses of lemonade, water, and plates of crudites about whether to join forces. In the week of Sept. 15, just before Gross shocked the investment world on Sept. 26 by storming out of Pimco, he approached Gundlach and dropped a bombshell. According to Gundlach, Gross said he was about to be fired by the firm he had helped launch more than four decades ago and had built into a $2 trillion investment powerhouse.
5 October, 2014 by The TZ Newswire Staff Comments Off on New kings of the road: Big motorbike makers rev up in Southeast Asia
New kings of the road: Big motorbike makers rev up in Southeast Asia
Roads in Southeast Asia have been getting a little louder lately as motorcycle makers, an aspiring middle class and easy bank credit come together to breed a new genus of motorcyclists – the big-bike rider. Traffic in urban centers such as Jakarta, Kuala Lumpur and Ho Chi Minh City has long been characterized by swarms of small motorbikes and scooters. Honda Motor and Yamaha Motor (7272.T), the world’s biggest motorbike makers, have dominated this sprawling regional market.
5 October, 2014 by The TZ Newswire Staff Comments Off on Small city routes hold big potential for India airlines
Small city routes hold big potential for India airlines
The airport in Patna, one of India’s smaller cities and the capital of its poorest state, is so crowded that government authorities this year said they need to build another one. The airport has seen the number of passengers, and daily flights, double in the last four years as the country’s largest carrier IndiGo Airlines and smaller rivals like GoAir seek to cash in on a surge in demand for air travel from smaller regions to offset losses on highly competitive “trunk” routes linking big cities.
5 October, 2014 by The TZ Newswire Staff Comments Off on The 5 Weirdest Money Obsessions
The 5 Weirdest Money Obsessions
A frugal mindset is one way to save your pennies, but there’s a difference between saving and hoarding cash.
5 October, 2014 by The TZ Newswire Staff Comments Off on 3 Reasons Waste Management Inc.’s Stock May Fall
3 Reasons Waste Management Inc.’s Stock May Fall
Waste Management has generated pretty decent business performance in 2014. But the stock could still encounter a setback. Here are three reasons why.
5 October, 2014 by The TZ Newswire Staff Comments Off on Bill Gross told Gundlach: ‘I am Kobe, you are LeBron’
Bill Gross told Gundlach: ‘I am Kobe, you are LeBron’
Bill Gross approached JeffreyGundlach and dropped a bombshell: he was about to be fired from PIMCO.