8 October, 2014 by The TZ Newswire Staff Comments Off on U.S. fiscal 2014 budget deficit falls to $486 billion, CBO says
U.S. fiscal 2014 budget deficit falls to $486 billion, CBO says
Releasing preliminary estimates of final budget data for the year ended Sept. 30, the CBO said receipts grew nearly 9 percent from the previous year to $3.013 trillion, while outlays were up 1.4 percent to $3.499 trillion. The resulting fiscal 2014 deficit was down about $195 billion from the $680 billion budget gap recorded in fiscal 2013. The CBO estimated a September budget surplus of $106 billion, up from a $75 billion surplus a year earlier. Treasury Department is expected to report final budget data for fiscal 2014 by Oct. 17.
8 October, 2014 by The TZ Newswire Staff Comments Off on Gap CEO Murphy to retire, digital head Peck to take over
Gap CEO Murphy to retire, digital head Peck to take over
Peck’s appointment comes into effect on Feb. 1, Gap said in a statement. “I don’t think there will be a massive shift in strategy going forward,” Morningstar analyst Bridget Weishaar told Reuters. Peck, 58, joined Gap in 2005 after more than 20 years at Boston Consulting Group.
8 October, 2014 by The TZ Newswire Staff Comments Off on Fidelity attacked by JPMorgan hackers, no data stolen: FT
Fidelity attacked by JPMorgan hackers, no data stolen: FT
When contacted by Reuters, Fidelity spokesman Vincent Loporchio said in an email, “We have no indication that any Fidelity customer sites, accounts, information, services or systems were affected by this matter.”
8 October, 2014 by The TZ Newswire Staff Comments Off on HTC CFO says company will not need to tap markets in 2015
HTC CFO says company will not need to tap markets in 2015
HTC Corp (2498.TW) will not need to tap the capital markets in 2015 or even beyond, the Taiwanese smartphone maker’s chief financial officer told Reuters on Wednesday, citing its lack of debt, $1.7 billion in cash and the ability to fund itself. “I don’t think we need to worry about it at all,” Chialin Chang said in an interview on the sidelines of the company’s launch of a new smartphone and miniature connected camera. “We’re not going to the capital markets for funding.
8 October, 2014 by The TZ Newswire Staff Comments Off on Alcoa earnings beat forecasts, propelled by higher aluminum prices
Alcoa earnings beat forecasts, propelled by higher aluminum prices
In an interview, Alcoa Chief Executive Klaus Kleinfeld said the “upstream” raw materials business had its best quarter since the 2008 economic slump. The aluminum company traditionally has been one of the first S&P 500 companies to report quarterly results, and some see it as a bellwether for the broader U.S. Alcoa’s stock rose 2 percent in after-hours trading to $16.42. It is up 50 percent this year, outperforming the market and aluminum prices.
8 October, 2014 by The TZ Newswire Staff Comments Off on Update: Silver Standard Announces 83% Increase In Production At Marigold
Update: Silver Standard Announces 83% Increase In Production At Marigold
Silver Standard Resources (NASDAQ:SSRI) has announced third quarter 2014 production results at its Pirquitas and Marigold mines. At Pirquitas, a record 2.6 million ounces of silver was produced – a 25% rise from the previous quarter – in addition to 7 million pounds of zinc.
8 October, 2014 by The TZ Newswire Staff Comments Off on Update: Silver Standard Announces 83% Increase In Production At Marigold
Update: Silver Standard Announces 83% Increase In Production At Marigold
Silver Standard Resources (NASDAQ:SSRI) has announced third quarter 2014 production results at its Pirquitas and Marigold mines. At Pirquitas, a record 2.6 million ounces of silver was produced – a 25% rise from the previous quarter – in addition to 7 million pounds of zinc.