11 February, 2015 by The TZ Newswire Staff Comments Off on Asia stocks, euro fall as Greek uncertainty saps confidence
Asia stocks, euro fall as Greek uncertainty saps confidence
Asian stocks and the euro fell on Thursday as markets erred on the side of caution over the ongoing Greek debt negotiations amid conflicting headlines on progress in the talks. The uncertainty is expected to be highlighted in a mixed open for European bourses with spreadbetters forecasting Britain’s FTSE to fall as much as 0.1 percent, Germany’s DAX up 0.3 percent and a flat start for France’s CAC. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.5 percent on a broad decline in markets from Australia to China.
11 February, 2015 by The TZ Newswire Staff Comments Off on Icahn values Apple at more than $1 trillion
Icahn values Apple at more than $1 trillion
At $216 per share, Apple – already the world’s most valuable company – would be worth about $1.3 trillion, or about the size of South Korea’s gross domestic product. Icahn said Apple should be trading at 20 times earnings per share, which taken together with net cash of $22 per share works out to $216 per share. “Also, to the extent Apple introduces a TV in FY 2016 or FY 2017, we believe this 20X multiple is conservative,” he wrote. Icahn, one of Apple’s top 10 investors, has long urged the company to buy back more shares and raise its dividend.
11 February, 2015 by The TZ Newswire Staff Comments Off on Icahn values Apple at more than $1 trillion
Icahn values Apple at more than $1 trillion
At $216 per share, Apple – already the world’s most valuable company – would be worth about $1.3 trillion, or about the size of South Korea’s gross domestic product. Icahn said Apple should be trading at 20 times earnings per share, which taken together with net cash of $22 per share works out to $216 per share. “Also, to the extent Apple introduces a TV in FY 2016 or FY 2017, we believe this 20X multiple is conservative,” he wrote. Icahn, one of Apple’s top 10 investors, has long urged the company to buy back more shares and raise its dividend.
11 February, 2015 by The TZ Newswire Staff Comments Off on Brent holds near $55 after big fall on record U.S. crude stocks
Brent holds near $55 after big fall on record U.S. crude stocks
Brent hovered near $55 a barrel on Thursday after data showed U.S. crude stockpiles set a record for the fifth week in a row, renewing fears that supply is still far outpacing demand. March Brent futures were up 62 cents to $55.28 a barrel at 0713 GMT, following a 3-percent loss in the previous session that saw prices break below $54 at one point. U.S. March futures were trading up $1.09 at $49.93, after falling more than 2 percent in the previous session.
11 February, 2015 by The TZ Newswire Staff Comments Off on Brent holds near $55 after big fall on record U.S. crude stocks
Brent holds near $55 after big fall on record U.S. crude stocks
Brent hovered near $55 a barrel on Thursday after data showed U.S. crude stockpiles set a record for the fifth week in a row, renewing fears that supply is still far outpacing demand. “For today, we should expect some recovery considering prices have been dropping,” said Daniel Ang of Phillip Futures in Singapore in a note, adding news of industry restructuring and lower oil rig counts had been temporarily pushing up prices, but that crude production still hadn’t actually declined.
11 February, 2015 by The TZ Newswire Staff Comments Off on General Electric to allow shareholders to nominate directors
General Electric to allow shareholders to nominate directors
General Electric Co (GE.N) will allow shareholders to nominate their own corporate directors, becoming one of the few companies to adopt proxy access reforms in a move that could pave the way for others. The company said the new bylaws, which went into effect Feb. 6, will allow a single shareholder or a group of up to 20 shareholders who own more than 3 percent of the company’s stock for at least three years to nominate up to 20 percent of the board’s directors. GE’s move, disclosed in a filing with the U.S.
11 February, 2015 by The TZ Newswire Staff Comments Off on General Electric to allow shareholders to nominate directors
General Electric to allow shareholders to nominate directors
General Electric Co (GE.N) will allow shareholders to nominate their own corporate directors, becoming one of the few companies to adopt proxy access reforms in a move that could pave the way for others. The company said the new bylaws, which went into effect Feb. 6, will allow a single shareholder or a group of up to 20 shareholders who own more than 3 percent of the company’s stock for at least three years to nominate up to 20 percent of the board’s directors. GE’s move, disclosed in a filing with the U.S.