13 February, 2015 by The TZ Newswire Staff Comments Off on Oil: Slick Investing in a Tough Energy Market
Oil: Slick Investing in a Tough Energy Market
Four experts explain what’s ahead and highlight the best investment opportunities in the energy sector.
13 February, 2015 by The TZ Newswire Staff Comments Off on At record high, U.S. stocks look to extend breakout
At record high, U.S. stocks look to extend breakout
U.S. stocks are poised for more upward momentum even as uncertainty over oil prices and Greek debt negotiations keeps the market on tenterhooks, analysts say. Strong fourth-quarter U.S. company earnings and signs of an overall improving economy, alongside what appears to be the start of a bottoming in crude oil prices, have given equities support. After starting 2015 with its sharpest monthly drop in a year and a spike in volatility, the benchmark S&P 500 (.SPX) hit an intraday record on Friday while the Dow Jones Industrial Average (.DJI) reached its highest point so far this year.
13 February, 2015 by The TZ Newswire Staff Comments Off on U.S. consumer sentiment pulls off 11-year high
U.S. consumer sentiment pulls off 11-year high
U.S. consumer sentiment unexpectedly fell in February from an 11-year high amid worries over slowing economic growth, suggesting a recent weakness in spending might last for a while. The ebb in sentiment came despite strong job gains over the last three months, signs of an acceleration in wage growth as well as cheaper gasoline prices, factors that economists had expected would buoy consumer spending in the months ahead.
13 February, 2015 by The TZ Newswire Staff Comments Off on McDonald’s needs to shake up board, union fund adviser says
McDonald’s needs to shake up board, union fund adviser says
The demand from CtW comes two weeks after McDonald’s announced that Chief Brand Officer Steve Easterbrook would replace Don Thompson in the top job on March 1 and as unions have been seeking to organize fast-food workers and raise wages. The union pension funds that CtW advises hold a small percentage of McDonald’s outstanding shares that are worth $268 million.
13 February, 2015 by The TZ Newswire Staff Comments Off on U.S. West Coast ports closed to cargo vessels again for weekend
U.S. West Coast ports closed to cargo vessels again for weekend
Clogged ports along the U.S. West Coast were closed to cargo freighters for the third time in a week on Friday night, and shippers vowed to keep a partial shutdown in effect through Monday barring a settlement in labor talks with the dockworkers’ union. The latest halt in loading and unloading of container ships at the 29 ports came as contract talks between union negotiators and management’s bargaining agent, the Pacific Maritime Association, appeared to reach a critical juncture.
13 February, 2015 by The TZ Newswire Staff Comments Off on Citigroup, Goldman, UBS in $235 million mortgage settlement
Citigroup, Goldman, UBS in $235 million mortgage settlement
Citigroup Inc , Goldman Sachs Group Inc and UBS AG agreed to pay $235 million in cash to settle U.S. litigation accusing them of concealing the risks of mortgage securities sold by the former Residential …
13 February, 2015 by The TZ Newswire Staff Comments Off on Barclays fails to win dismissal of NY ‘dark pool’ lawsuit
Barclays fails to win dismissal of NY ‘dark pool’ lawsuit
A New York judge on Friday rejected Barclays Plc’s (BARC.L) effort to dismiss state Attorney General Eric Schneiderman’s lawsuit accusing it of defrauding clients about high-speed trading in its private “dark pool” trading platform. Justice Shirley Werner Kornreich of the State Supreme Court in Manhattan said it was premature to dismiss Schneiderman’s claim under the state’s Martin Act, a powerful anti-fraud law. “Traders are entitled to rely on material representations banks make about their dark pools,” the judge wrote.