16 January, 2015 by The TZ Newswire Staff Comments Off on "We Have Been Captured… We Are Parented, Not Represented"
"We Have Been Captured… We Are Parented, Not Represented"
16 January, 2015 by The TZ Newswire Staff Comments Off on Top 10 Things That ‘Will’ Happen In 2015
Top 10 Things That ‘Will’ Happen In 2015
16 January, 2015 by The TZ Newswire Staff Comments Off on Japan Set To Surpass China As America’s Largest Creditor
Japan Set To Surpass China As America’s Largest Creditor
When it comes to America’s foreign creditors, only two names matter (except for Belgium whose Euroclear service continues to be used by an anonymous entity(s) to buy up US Treasurys): Japan and China.
16 January, 2015 by The TZ Newswire Staff Comments Off on PepsiCo elects Trian adviser to board, signaling truce
PepsiCo elects Trian adviser to board, signaling truce
PepsiCo Inc said it had elected an adviser at Nelson Peltz’s Trian Fund Management to its board, signaling a truce between the company and the activist investor following his two- year push to split the snack and beverage maker. William Johnson, a former chairman and chief executive officer of H.J. Heinz Co, will join the board effective March 23, and he will also be included in the slate of nominees for election to the board at the company’s 2015 annual shareholders’ meeting, PepsiCo said. In July, Peltz said he would consider launching a proxy fight at PepsiCo.
16 January, 2015 by The TZ Newswire Staff Comments Off on Barclays lost ‘tens of millions’ on Swiss franc moves: source
Barclays lost ‘tens of millions’ on Swiss franc moves: source
British bank Barclays lost tens of millions of dollars from the volatile moves in the Swiss franc on Thursday, an industry source said on Friday. Several banking sources said most major banks were likely …
16 January, 2015 by The TZ Newswire Staff Comments Off on Thin crowds during CEO’s visit helped seal Target Canada’s demise
Thin crowds during CEO’s visit helped seal Target Canada’s demise
NEW YORK/TORONTO (Reuters) – Target Corp (TGT.N) was scrambling for ways to fix its failing Canadian expansion and considering closing just the weakest locations, but a pre-holiday visit to several stores by CEO Brian Cornell helped seal the decision for a full retreat. Cornell spent the weekend before Christmas making solo visits to stores in Ontario and Quebec, Canada’s most populous provinces, according to a Target source familiar with the U.S. discount retailer’s decision to pull out of Canada.
16 January, 2015 by The TZ Newswire Staff Comments Off on Goldman Sachs touts commodities muscle as rivals shrink
Goldman Sachs touts commodities muscle as rivals shrink
Goldman Sachs Group Inc (GS.N) stuck with commodities trading while rivals have pulled back, and on Friday the bank felt vindicated. While Goldman does not disclose revenue for commodities trading specifically, Chief Financial Officer Harvey Schwartz highlighted it as a bright spot in the bank’s broader fixed-income trading business, which had a rough quarter. “Over the last couple years we’ve often been asked the question: It seems like everybody else is getting out of the commodity business. How come you aren’t getting out of the commodity business?” said Schwartz.