24 October, 2014 by The TZ Newswire Staff Comments Off on Chicago Traders Gamble For Scholarships
Chicago Traders Gamble For Scholarships
More scenes from the Security Traders Association of Chicago’s poker tournament for the STAC Scholarship Fund.
24 October, 2014 by The TZ Newswire Staff Comments Off on Amazon crushed on earnings — Why everyone’s wrong
Amazon crushed on earnings — Why everyone’s wrong
Have investors finally had enough of Amazon losing money? If the reaction to yesterday’s earnings are any indication the answer is yes!
24 October, 2014 by The TZ Newswire Staff Comments Off on U.S. new home sales at six-year high; recovery still fragile
U.S. new home sales at six-year high; recovery still fragile
The Commerce Department said on Friday that sales increased 0.2 percent to a seasonally adjusted annual rate of 467,000 units, the highest reading since July 2008. “We expect the housing market recovery to remain relatively gradual over the coming months,” said Gennadiy Goldberg, an economist at TD Securities in New York. New home sales, which account for about 8 percent of the housing market, tend to be volatile month to month and large revisions are not unusual.
24 October, 2014 by The TZ Newswire Staff Comments Off on Investors pile into bonds ahead of the next volatility spike
Investors pile into bonds ahead of the next volatility spike
Market volatility likely to make a return in 2014.
24 October, 2014 by The TZ Newswire Staff Comments Off on Ford’s lower profit beats estimates; sales down on F-150 launch
Ford’s lower profit beats estimates; sales down on F-150 launch
Ford Motor Co on Friday reported a 34 percent drop in third-quarter profit, and revenue fell due to the cost of introducing the F-150 pickup truck. Ford, which affirmed its full-year profit outlook, said earnings suffered from lower wholesale vehicle volumes and recall costs, as well as supplier parts shortages. While a strong performance in North America helped push earnings above Wall Street estimates, analysts and investors were not impressed.
24 October, 2014 by The TZ Newswire Staff Comments Off on P&G to split off Duracell battery business
P&G to split off Duracell battery business
Procter & Gamble Co said it would split off its Duracell battery business into a separate company as it looks to focus on its faster-growing brands. The world’s largest household products maker also reported a slight fall in quarterly sales. Net income attributable to Procter & Gamble fell to $1.99 billion, or 69 cents per share, in the first quarter ended Sept. 30 from $3.03 billion, or $1.04 per share, a year earlier.
24 October, 2014 by The TZ Newswire Staff Comments Off on Pfizer’s $11 billion buyback plan deflates AstraZeneca bid hopes
Pfizer’s $11 billion buyback plan deflates AstraZeneca bid hopes
Shares in AstraZeneca fell 1.2 percent by 9:00 a.m. BST on Friday following the news. The largest American pharmaceuticals company, whose shares gained more than 1 percent after the announcement late on Thursday, said the move was in addition to the $1.3 billion remaining on its current share buyback programme. Pfizer, which has a market valuation of about $180 billion, earlier this year failed in its $118 billion bid to buy British rival AstraZeneca.