12 November, 2014 by The TZ Newswire Staff Comments Off on Washington to Europe: Do more to fix your economy
Washington to Europe: Do more to fix your economy
The U.S. on Wednesday called on European policymakers to step up their efforts to avoid a ‘lost decade.’
12 November, 2014 by The TZ Newswire Staff Comments Off on Cisco unveils Q1 beat, but outlook spooks traders
Cisco unveils Q1 beat, but outlook spooks traders
Cisco shares pulled back Wednesday evening after the blue-chip networking firm revealed a weaker-than-expected current-quarter outlook.
12 November, 2014 by The TZ Newswire Staff Comments Off on Penney tops Q3 profit forecasts, but sales lag
Penney tops Q3 profit forecasts, but sales lag
On a per-share basis, the Plano, Texas-based company said it had a loss of 62 cents. Losses, adjusted for one-time gains and costs, were 77 cents per share. The results topped Wall Street expectations. …
12 November, 2014 by The TZ Newswire Staff Comments Off on Gold loses luster as retail investors look to silver
Gold loses luster as retail investors look to silver
Money is pouring into silver exchange traded funds and silver coins, according to a report in the Wall Street Journal.
12 November, 2014 by The TZ Newswire Staff Comments Off on SAC’s Martoma loses bid to stay out of prison during appeal
SAC’s Martoma loses bid to stay out of prison during appeal
Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen’s SAC Capital Advisors LP hedge fund, on Wednesday lost a bid to stay out of prison while he appeals his insider trading conviction. Circuit Court of Appeals in New York lifted a stay that had enabled Martoma to avoid beginning a nine-year prison sentence for engineering what federal prosecutors called the most lucrative U.S.
12 November, 2014 by The TZ Newswire Staff Comments Off on US companies now stashing $2 trillion overseas
US companies now stashing $2 trillion overseas
That total, while daunting in its own right, is now greater than the amount held on U.S. shores.
12 November, 2014 by The TZ Newswire Staff Comments Off on Goldman Sachs inducts 78 bankers into elite partnership
Goldman Sachs inducts 78 bankers into elite partnership
Goldman Sachs Group Inc (GS.N) elevated 78 employees on Wednesday by making them partners, according to an internal memo viewed by Reuters, capping an anxious few weeks for employees hoping to enter the elite group of Wall Street bankers. The partnership is a lingering vestige of Goldman’s time as a private firm, when partners pooled their own money to support trading and investment banking, and split resulting profits or losses.