12 November, 2014 by The TZ Newswire Staff Comments Off on India agrees with U.S. on food stockpiling, clears way for WTO deal
India agrees with U.S. on food stockpiling, clears way for WTO deal
India has reached an agreement with the United States on public stockpiling of food, its trade minister said on Thursday, paving the way for the implementation of a global trade facilitation deal that has been stalled for months. “India and the United States have resolved their differences on public stockholding of food,” Nirmala Sithamaran said.
12 November, 2014 by The TZ Newswire Staff Comments Off on Weak telecom spending, emerging markets weigh on Cisco forecast
Weak telecom spending, emerging markets weigh on Cisco forecast
Cisco’s shares reversed course in extended trading following the forecast and fell 1 percent. “Service provider is the big challenge…that’s due to two to three U.S. Cisco has also struggled with sluggish sales and increased competition in emerging markets.
12 November, 2014 by The TZ Newswire Staff Comments Off on Comcast says Time Warner deal going ‘full steam ahead’
Comcast says Time Warner deal going ‘full steam ahead’
Comcast Corp’s (CMCSA.O) merger with Time Warner Cable Inc (TWC.N) is going “full steam ahead” despite uncertainty around new rules governing net neutrality, Comcast Chief Executive Officer Brian Roberts told reporters on Wednesday. Shares of both companies fell sharply on Monday, after President Barack Obama declared that Internet service providers should be regulated like public utilities, touching off protests from cable and telecoms companies.
12 November, 2014 by The TZ Newswire Staff Comments Off on J.C. Penney reports flat same-store sales as autumn sales slow
J.C. Penney reports flat same-store sales as autumn sales slow
Shares of J.C. Penney, which had rallied nearly 8 percent to close at $7.76 before the results were announced, slipped to $7.34 in after-hours trade. J.C. Penney said it now expects same-stores sales to grow 3.5 to 4.5 percent for the full year, down slightly from its prior guidance for mid-single digit growth. The retailer managed to narrow its quarterly loss by 61 percent to $188 million, or 62 cents per share, as it cut back on discounts and reined in costs.
12 November, 2014 by The TZ Newswire Staff Comments Off on Safety advocate urges GM switch fund to intensify victim outreach
Safety advocate urges GM switch fund to intensify victim outreach
A car-safety advocate on Wednesday urged the lawyer overseeing General Motors Co’s program to compensate victims of accidents linked to a faulty ignition switch in its vehicles to take a more active approach to finding cases of injury or death. Clarence Ditlow, executive director of the Center for Auto Safety, said in a letter to Ken Feinberg, the lawyer overseeing the GM program, that Feinberg should expand outreach efforts and scour federal car-safety databases for accidents in recalled vehicles to determine whether the switch was to blame for additional injuries or deaths.
12 November, 2014 by The TZ Newswire Staff Comments Off on Exclusive: Takata changes chemical compound involved in air bag recalls
Exclusive: Takata changes chemical compound involved in air bag recalls
TOKYO/DETROIT (Reuters) – Takata Corp (7312.T) has modified the composition of an air bag propellant that contains a volatile chemical at the center of a recall of millions of cars worldwide, the company told Reuters. A Takata official, who did not want to be named but spoke on behalf of the company, did not specify how the recipe has changed, but said ammonium nitrate remained a part of the mix. There has not been any finding that ammonium nitrate or the earlier composition was somehow flawed.
12 November, 2014 by The TZ Newswire Staff Comments Off on GE says infrastructure demand to boost orders for developing markets
GE says infrastructure demand to boost orders for developing markets
General Electric Co (GE.N) expects developing markets to be a “huge engine” of growth due to demand for the company’s products that provide infrastructure in these countries, GE’s top international executive said on Wednesday. GE, which is increasingly focused on industrial products such as jet engines, power turbines and oil and gas equipment, should see double-digit percentage increases in orders in developing countries for the “foreseeable future,” said John Rice, vice chairman and president of GE’s global growth organization.