24 October, 2014 by The TZ Newswire Staff Comments Off on Need to Know: ‘Wow’ stocks, and why Amazon’s still a buy
Need to Know: ‘Wow’ stocks, and why Amazon’s still a buy
A long week ends for stocks, one that has managed to wipe away much of the prior week’s big pullback.
24 October, 2014 by The TZ Newswire Staff Comments Off on Mark Hulbert: This stock market index is almost like a crystal ball
Mark Hulbert: This stock market index is almost like a crystal ball
The transportation sector is a reliable leading indicator for the broader market, writes Mark Hulbert.
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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 0800 GMT 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 program. Pfizer, which has a market valuation of about $180 billion, earlier this year failed in its $118 billion bid to buy British rival AstraZeneca.
24 October, 2014 by The TZ Newswire Staff Comments Off on Specter of no-inflation world looms over Fed’s return to normal
Specter of no-inflation world looms over Fed’s return to normal
The soft global inflation backdrop, from sliding oil prices to stagnant wages in advanced economies, has triggered debate over whether the Fed and its peers merely need to wait for a slow-motion business cycle to improve, or face a shift in the underlying nature of inflation after the global recession. The Fed is expected to take note of recent market turmoil and worsened world conditions at its Oct 28-29 meeting even as it ends the bond-buying program launched to fight the financial crisis.
24 October, 2014 by The TZ Newswire Staff Comments Off on Special Report: Why Madrid’s poor fear Goldman Sachs and Blackstone
Special Report: Why Madrid’s poor fear Goldman Sachs and Blackstone
Last year Madrid’s city and regional governments sold almost 5,000 rent-controlled flats to private equity investors including Goldman Sachs and Blackstone. Jamila Bouzelmat is one of them. The mother of six lives in a four-bedroom flat on the outskirts of the Spanish capital that was bought jointly by Goldman and a Spanish firm. Goldman declined to comment.
24 October, 2014 by The TZ Newswire Staff Comments Off on Asia economic growth to languish as China slows: poll
Asia economic growth to languish as China slows: poll
Emerging Asia will contribute less to the global economy in 2015 than was expected just months ago as a slowdown in China drags on growth in the region, partially offset by acceleration in the United States, Reuters polls showed. At the same time, many of Asia’s major trading partners in the West are grappling with disinflation and weak demand, making it difficult for central banks there to move away from aggressive monetary stimulus.
24 October, 2014 by The TZ Newswire Staff Comments Off on Exclusive: Port squeeze threatens U.S. retailers’ holiday stocking plans
Exclusive: Port squeeze threatens U.S. retailers’ holiday stocking plans
The delays are affecting retailers including JC Penney Co (JCP.N), Macy’s Inc (M.N), Kohl’s Corp (KSS.N) Nordstrom Inc (JWN.N), American Eagle (AEO.N), Ralph Lauren (RL.N) and Carter’s (CRI.N), according to three people with direct knowledge of the situation. Retail giant Wal-mart Stores Inc (WMT.N), recently diverted 300 shipment containers to Oakland to avoid the congestion, one person said. Wal-Mart declined comment.