2 February, 2015 by The TZ Newswire Staff Comments Off on US budget same ‘old pantomime’: Gartman
US budget same ‘old pantomime’: Gartman
President Barack Obama’s $4-trillion budget proposals will cause the ‘same old’ political posturing as usual, Dennis Gartman told CNBC.
2 February, 2015 by The TZ Newswire Staff Comments Off on Currencies: Dollar drops vs. yen on Nikkei weakness, Australia rate cut
Currencies: Dollar drops vs. yen on Nikkei weakness, Australia rate cut
The U.S.
2 February, 2015 by The TZ Newswire Staff Comments Off on Oil firm after two-day rally, but China demand outlook caps gains
Oil firm after two-day rally, but China demand outlook caps gains
Oil futures continued to firm on Tuesday, adding to gains of more than 11 percent in the prior two sessions, but persistent worries over China’s demand outlook capped prices. Brent crude oil futures were 84 cents higher at $55.59 a barrel by 0717 GMT (2.13 a.m. ET). “The seeds of an oil price recovery are being sown,” Bernstein analysts said in a note, warning of further downside risk to oil supply in places such as the Gulf of Mexico, the North Sea and Brazil, as companies cut costs in response to a fall of up to 60 percent in oil prices since mid-June.
2 February, 2015 by The TZ Newswire Staff Comments Off on AT&T to sell data centers worth $2 billion: sources
AT&T to sell data centers worth $2 billion: sources
NEW YORK/SAN FRANCISCO (Reuters) – AT&T Inc is selling some data centers worth about $2 billion as it continues its streak of asset sales, people familiar with the matter said on Monday. AT&T, the No. 2 U.S wireless provider, has been exploring options to pay down its debt and raise funds for investments in recent months. AT&T and its rival Verizon have been selling non-core assets in recent months. Verizon is close to announcing divestitures of wireless towers and wireline markets worth $10 billion, the Wall Street Journal reported on Monday.
2 February, 2015 by The TZ Newswire Staff Comments Off on S&P, Calpers settle suit over mortgage deals for $125 million: WSJ
S&P, Calpers settle suit over mortgage deals for $125 million: WSJ
The lawsuit stems from losses the pension fund suffered after the housing market collapsed and formerly AAA-rated securities that were backed by pools of residential mortgages defaulted, the newspaper reported. The California Public Employees Retirement System, or Calpers, the largest pension fund in the United States, brought the lawsuit against S&P in 2009. Calpers also named Fitch Ratings and Moody’s Investors Service in the lawsuit.
2 February, 2015 by The TZ Newswire Staff Comments Off on Staples, Office Depot in advanced talks to merge: WSJ
Staples, Office Depot in advanced talks to merge: WSJ
Staples has a market value of about $11 billion, while Office Depot has a market value of about $4.1 billion. A merger would help fend off intense competition from online retailers such as Amazon.com Inc and big-box chains such as Wal-Mart Stores Inc that sell the same core office supplies, such as paper and ink toner, for less. Office Depot and Staples were not immediately available for comment outside regular U.S. business hours.
2 February, 2015 by The TZ Newswire Staff Comments Off on Amazon.com, Sprint consider buying some Radioshack stores: BBG
Amazon.com, Sprint consider buying some Radioshack stores: BBG
Amazon has considered using the RadioShack stores as showcases for the Seattle-based company’s hardware as well as potential pickup and drop-off centers for online customers, Bloomberg said. Sprint and RadioShack have had talks about co-branding some of the stores, Bloomberg reported, citing two anonymous sources. The rest of the stores would close down, Bloomberg reported on Monday.