7 November, 2014 by The TZ Newswire Staff Comments Off on Burger King tests India waters, starts with 12 outlets
Burger King tests India waters, starts with 12 outlets
Burger King Worldwide will open about 12 outlets in India over the next 60-90 days, CEO Rajeev Varman, said on Saturday.
7 November, 2014 by The TZ Newswire Staff Comments Off on Earnings outlook might be less rosy than investors think
Earnings outlook might be less rosy than investors think
While most Standard & Poor’s 500 companies beat analysts’ expectations for third-quarter earnings, many just barely topped estimates, said Pankaj Patel, head of quantitative research at Evercore ISI in New York. The figure excluding beats of 5 percent or less is also well below the percentage of beats according to data based on Thomson Reuters I/B/E/S polls of analysts.
7 November, 2014 by The TZ Newswire Staff Comments Off on Berkshire third-quarter profit drops on investments, operating results gain
Berkshire third-quarter profit drops on investments, operating results gain
Warren Buffett’s Berkshire Hathaway Inc said on Friday third-quarter profit fell 9 percent as it took a large writeoff on one of its investments, but operating results easily topped forecasts on improvement …
7 November, 2014 by The TZ Newswire Staff Comments Off on Annual China trade growth slows in October in further sign of fragility
Annual China trade growth slows in October in further sign of fragility
Annual growth in China’s exports and imports slowed in October, data showed on Saturday, reinforcing signs of fragility in the world’s second-largest economy that could prompt policymakers to roll out more stimulus measures. A decline in China’s leading index on exports in October pointed to weaker export growth in the next two to three months, the administration said. Annual growth slowed to 7.3 percent in the third quarter – the weakest since the height of the global financial crisis – as a cooling property sector weighs on domestic demand.
7 November, 2014 by The TZ Newswire Staff Comments Off on SEC seeks to double $200 million damages award against businessman Wyly
SEC seeks to double $200 million damages award against businessman Wyly
Securities and Exchange Commission will ask a federal judge to more than double the money Texas businessman Sam Wyly must pay from $200 million to $455 million for his involvement in an offshore fraud scheme, a lawyer for Wyly said on Friday. District Judge Shira Scheindlin in New York has already ordered Wyly and the estate of his late brother Charles to pay $187.7 million plus interest to the SEC, which the regulator has said should total just under $300 million.
7 November, 2014 by The TZ Newswire Staff Comments Off on Most Wall Street firms still see Fed rate hike by June 2015: Reuters poll
Most Wall Street firms still see Fed rate hike by June 2015: Reuters poll
Wall Street’s biggest banks remain convinced the Federal Reserve will raise interest rates by June 2015, a Reuters poll found, and economists also said the market was underestimating how aggressively the U.S. Fourteen of 19 primary dealers, or the banks that deal directly with the Fed, said they expect the first rate hike by June 2015, with borrowing costs rising to 1 percent at the end of that year. In a survey taken in early October, 15 of 19 primary dealers also said the Fed would raise interest rates in June.
7 November, 2014 by The TZ Newswire Staff Comments Off on AT&T to acquire Mexico’s Iusacell for $1.7 billion
AT&T to acquire Mexico’s Iusacell for $1.7 billion
WASHINGTON/MEXICO CITY (Reuters) – AT&T Inc agreed to pay $1.7 billion to acquire Mexico’s third-largest wireless operator, Iusacell, as it seeks to grab a slice of a market with lower cellular penetration than the United States and faster potential growth. Mexico’s government earlier this year implemented reforms to shake up its telecom and broadcast market by weakening the dominance of broadcaster Grupo Televisa and billionaire Carlos Slim’s cellphone and fixed-line company America Movil. AT&T is looking to tap into the growing cellphone market in Latin America’s No.