5 February, 2015 by The TZ Newswire Staff Comments Off on Siemens to cut over 7,000 jobs in reorganization: source
Siemens to cut over 7,000 jobs in reorganization: source
German industrial group Siemens plans to cut over 7,000 jobs worldwide as part of a reorganization under Chief Executive Joe Kaeser, a source familiar with the situation said. About 3,000 of those jobs …
5 February, 2015 by The TZ Newswire Staff Comments Off on Traders silenced: CME to close most futures trading pits
Traders silenced: CME to close most futures trading pits
Chalk up another victory of the machines over humans. The parent company of the Chicago Board of Trade and other exchanges is ending most trading involving people on the floor who establish prices by flashing …
5 February, 2015 by The TZ Newswire Staff Comments Off on Greek banks hammered after ECB snub, Athens rejects ‘blackmail’
Greek banks hammered after ECB snub, Athens rejects ‘blackmail’
ATHENS/FRANKFURT (Reuters) – Greek borrowing costs leapt and bank shares were hammered on Thursday after the European Central Bank abruptly pulled the plug on its funding for the country’s financial sector in what Athens labelled an act of coercion. The ECB decision to cancel its acceptance of Greek bonds in return for funding shifts the burden onto Athens’ central bank to finance its lenders and marks a further setback for the government’s attempt to negotiate a new debt deal with its euro zone peers.
5 February, 2015 by The TZ Newswire Staff Comments Off on Greece plays down ECB move on cash line for its banks
Greece plays down ECB move on cash line for its banks
Jittery investors dumped Greek shares Thursday after the European Central Bank tightened the screws on the country’s banking system, piling pressure on the new anti-austerity government to seek a compromise …
5 February, 2015 by The TZ Newswire Staff Comments Off on Europe Markets: Nerves over Greece hit European stocks; banks slide
Europe Markets: Nerves over Greece hit European stocks; banks slide
Greece stocks lead a selloff in Europe, after the European Central Bank restricts liquidity to Greek banks in a move seen as ramping up pressure on the new government to reach a debt deal.
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5 February, 2015 by The TZ Newswire Staff Comments Off on 2014 was the year of the man purse
2014 was the year of the man purse
Murse-mania hit a new high in 2014—and experts say the man purse will continue its proliferation in the coming years.
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5 February, 2015 by The TZ Newswire Staff Comments Off on Therese Poletti’s Tech Tales: Apple could be using ‘mystery van’ to challenge Google car
Therese Poletti’s Tech Tales: Apple could be using ‘mystery van’ to challenge Google car
Mysterious vans spotted in suburban areas of the San Francisco Bay Area are fueling new speculation about another futuristic project that Apple Inc.