8 January, 2015 by The TZ Newswire Staff Comments Off on Oil heads for seventh weekly loss as supply glut drags
Oil heads for seventh weekly loss as supply glut drags
Oil prices were heading for a seventh weekly loss on Friday, with key producers showing no signs of cutting output in the face of a global supply glut. Brent and U.S. crude futures both hit their lowest …
8 January, 2015 by The TZ Newswire Staff Comments Off on Starbucks’ COO Alstead taking ‘extended unpaid leave’
Starbucks’ COO Alstead taking ‘extended unpaid leave’
Starbucks Corp on Thursday said Chief Operating Officer Troy Alstead, who as finance chief helped lead the coffee chain’s extensive restructuring a few years ago, is taking an extended unpaid leave to …
8 January, 2015 by The TZ Newswire Staff Comments Off on Fed’s Kocherlakota: drop in oil prices good for U.S. economy
Fed’s Kocherlakota: drop in oil prices good for U.S. economy
The drop in oil prices is putting money in consumers’ pockets and is “a good thing, basically” for the U.S. economy, Minneapolis Fed President Narayana Kocherlakota said at a town hall at his …
8 January, 2015 by The TZ Newswire Staff Comments Off on Epic divorce of U.S. oil baron may end after ex-wife deposits check
Epic divorce of U.S. oil baron may end after ex-wife deposits check
Sue Ann Arnall, the ex-wife of Oklahoma oil magnate Harold Hamm, has deposited a handwritten $975 million divorce check, Hamm’s lawyer said on Thursday, in a move that may end an epic divorce battle over …
8 January, 2015 by The TZ Newswire Staff Comments Off on Peltz escalates campaign to break up DuPont with board nominees
Peltz escalates campaign to break up DuPont with board nominees
Activist investor Nelson Peltz, one of DuPont’s largest shareholders, stepped up his fight to break up the industrial conglomerate, as his Trian Fund nominated himself and three other members to the board. …
8 January, 2015 by The TZ Newswire Staff Comments Off on For Sony Pictures CEO, cyberattack won’t set studio back
For Sony Pictures CEO, cyberattack won’t set studio back
Over the past seven weeks, Sony Pictures’ chief executive has dealt with the fallout from a cyberattack he likens to having your house robbed and burned to the ground. But the devastating hack, he says, …
8 January, 2015 by The TZ Newswire Staff Comments Off on Google to start selling auto insurance in the U.S., analyst says
Google to start selling auto insurance in the U.S., analyst says
Google Inc may be moving into the U.S. auto insurance market with a shopping site for people to compare and buy policies, an analyst said on Thursday, as it continues to shift its attention to the automotive …