5 January, 2015 by The TZ Newswire Staff Comments Off on Morgan Stanley says wealth management employee stole client data
Morgan Stanley says wealth management employee stole client data
Morgan Stanley said on Monday it had fired a financial adviser who allegedly stole account information from about 350,000 of its wealth management clients and posted some of it online. There is no evidence …
5 January, 2015 by The TZ Newswire Staff Comments Off on Hyundai Motor Group says to invest $73 billion by 2018
Hyundai Motor Group says to invest $73 billion by 2018
South Korea’s Hyundai Motor Group, the world’s fifth-largest automaker, said on Tuesday it would spend $73 billion over four years on expanding capacity, building new headquarters and developing new vehicles. …
5 January, 2015 by The TZ Newswire Staff Comments Off on JPMorgan settles currency manipulation lawsuit in U.S.
JPMorgan settles currency manipulation lawsuit in U.S.
JPMorgan Chase & Co has become the first bank to settle a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the $5 trillion-a-day foreign exchange market. The largest …
5 January, 2015 by The TZ Newswire Staff Comments Off on Saudi slashes monthly oil prices to Europe; trims U.S., ups Asia
Saudi slashes monthly oil prices to Europe; trims U.S., ups Asia
Saudi Arabia made deep cuts to its monthly oil prices for European buyers on Monday, a move some analysts said reflects the kingdom’s deepening defense of market share, although it also hiked prices in …
5 January, 2015 by The TZ Newswire Staff Comments Off on BMW retakes U.S. luxury auto sales crown from Mercedes-Benz
BMW retakes U.S. luxury auto sales crown from Mercedes-Benz
BMW on Monday regained bragging rights as the top-selling luxury brand in the United States, ending the one-year reign of German rival Mercedes. BMW ended with a lead last year of more than 9,000 vehicles …
5 January, 2015 by The TZ Newswire Staff Comments Off on Breaking up JPMorgan could lift its stock price, Goldman analyst says
Breaking up JPMorgan could lift its stock price, Goldman analyst says
New capital rules that penalize big banks could add pressure to JPMorgan Chase & Co to break itself up to boost its stock price, a prominent stock analyst from Goldman Sachs Group Inc wrote on Monday. …
5 January, 2015 by The TZ Newswire Staff Comments Off on Keystone pipeline would have little impact on gas prices: White House
Keystone pipeline would have little impact on gas prices: White House
The White House said on Monday that U.S. President Barack Obama believes the proposed Keystone XL pipeline would have little impact on U.S. gas prices but a spokesman would not say whether he would veto …