16 October, 2014 by The TZ Newswire Staff Comments Off on Asia Markets: Asian shares reverse selloff
Asia Markets: Asian shares reverse selloff
A recent selloff in Asia due to global volatility is fading with stocks in Australia edging higher, though shares on China’s mainland fall amid slowdown concerns.
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16 October, 2014 by The TZ Newswire Staff Comments Off on Google’s revenue falls short despite curbing price declines
Google’s revenue falls short despite curbing price declines
Google Inc’s revenue fell short of Wall Street’s expectations as growth in Internet advertising slowed in the most-recent quarter, offsetting a modest improvement in ad pricing, sending its shares down about 3 percent. Shares of Google fell 2.7 percent to $510.11 in extended trading on Thursday. Google posted $16.52 billion in revenue for the three months ended Sept. 30, compared to $13.75 billion in the year ago period.
16 October, 2014 by The TZ Newswire Staff Comments Off on Exclusive: Goldman Sachs in talks to acquire ETF provider IndexIQ – sources
Exclusive: Goldman Sachs in talks to acquire ETF provider IndexIQ – sources
The deal, if finalized, would enable Goldman to introduce passively managed and actively managed exchange traded funds within months. A Goldman Sachs Asset Management spokeswoman declined to comment. A call and email to Adam Patti, the chief executive of IndexIQ, was not immediately returned. IndexIQ, which has $1.2 billion in ETF assets under management, offers a series of alternative investment strategies, and would fit well into Goldman Sachs Asset Management, which caters to high net worth investors, said David Nadig, chief investment officer of ETF research firm ETF.com.
16 October, 2014 by The TZ Newswire Staff Comments Off on Exclusive: Wells Fargo to shut its ‘dark pool’ as demand falls
Exclusive: Wells Fargo to shut its ‘dark pool’ as demand falls
Wells Fargo (WFC.N) is closing down its alternative trading system, or “dark pool,” due to decreased customer demand, the company said on Thursday. The San Francisco-based bank will still offer its clients a full suite of electronic trading tools to help them execute orders, but will stop offering access to the company’s dark pool on Friday, a spokeswoman from the bank told Reuters. Dark pools are electronic broker-run electronic trading venues, and every big bank has one.
16 October, 2014 by The TZ Newswire Staff Comments Off on Apple’s new iPads sport modest upgrades but short on ‘wow’
Apple’s new iPads sport modest upgrades but short on ‘wow’
Apple Inc’s (AAPL.O) faster, slimmer iPads come with modest improvements, such as a fingerprint sensor, but some analysts say it offers few other features to wow consumers ahead of a holiday shopping season expected to be swamped by mobile devices. At a launch event on Thursday, Chief Executive Tim Cook called Apple’s new line-up, which includes a new iMac computer with a “5K retina” or high-end display, the company’s best ever.
16 October, 2014 by The TZ Newswire Staff Comments Off on At least 113 staffers at U.S. Fed earn more than Yellen
At least 113 staffers at U.S. Fed earn more than Yellen
The top 113 earners among staff at the Federal Reserve’s Washington headquarters make an average of $246,506 per year, excluding bonuses and other benefits – more than Fed Chair Janet Yellen and nearly double the normal top government rate. The details on Fed pay were provided to Reuters in response to a Freedom of Information Act request for data on all employees of the U.S. House of Representatives have sponsored a bill that would require the Fed to divulge that information publicly.
16 October, 2014 by The TZ Newswire Staff Comments Off on HBO standalone product risks alienating cable, satellite cos
HBO standalone product risks alienating cable, satellite cos
Time Warner Inc’s (TWX.N) decision to make its prized HBO channel available to people who don’t subscribe to Pay TV may delight such “cord cutters” but will likely crank up tensions with cable and satellite TV service providers. By going over-the-top – media lingo for being able to watch TV with only a broadband connection – HBO has paved the way for a rocky period of negotiations with cable and satellite companies – with issues of pricing and distribution likely to loom large.