18 February, 2015 by The TZ Newswire Staff Comments Off on Morgan Stanley breach probe shifts to hacker from fired employee: WSJ
Morgan Stanley breach probe shifts to hacker from fired employee: WSJ
Morgan Stanley last month fired financial adviser Galen Marsh for allegedly stealing account information from about 350,000 of its wealth management clients and posting some of it online. Federal law-enforcement officials are focusing their probe on the possibility that Marsh’s computer was hacked, the Journal said. Morgan Stanley said that the leaked information included clients’ names and account numbers, but not passwords or Social Security numbers.
18 February, 2015 by The TZ Newswire Staff Comments Off on Oil falls sharply as U.S. crude inventories rise
Oil falls sharply as U.S. crude inventories rise
Oil prices tumbled on Thursday after another big weekly build in U.S. crude inventories and a possible rise in Saudi output stoked worries about oversupply. U.S. crude stocks rose by 14.3 million barrels last week, data from industry group the American Petroleum Institute (API) showed after Wednesday’s settlement, compared with analysts’ expectations for an increase of 3.2 million barrels. If U.S. Energy Information Administration (EIA) data due at 1600 GMT confirms the large build, it would be the biggest weekly addition in barrels since such data became available in 1982.
18 February, 2015 by The TZ Newswire Staff Comments Off on Greece expected to seek loan extension from skeptical euro zone
Greece expected to seek loan extension from skeptical euro zone
ATHENS/BRUSSELS (Reuters) – Greece is expected to ask on Thursday for an extension to its “loan agreement” with the euro zone as it faces running out of cash within weeks, but it must overcome resistance from skeptical partners led by Germany. With Greece’s bailout program due to expire in little more than a week, the government of leftist Prime Minister Alexis Tsipras urgently needs to secure a financial lifeline to keep the country afloat beyond late next month.
18 February, 2015 by The TZ Newswire Staff Comments Off on Fed officials worried about hiking rates too soon: minutes
Fed officials worried about hiking rates too soon: minutes
Federal Reserve policymakers expressed concern last month that raising interest rates too soon could pour cold water on the U.S. economic recovery, and fretted over the impact of dropping “patient” from the central bank’s rate guidance. The minutes from the Fed’s Jan. 27-28 policy-setting meeting, released on Wednesday, show officials grappling to square solid U.S. economic growth with the weakness in international markets as well as worrying about falling inflation expectations in the United States.
18 February, 2015 by The TZ Newswire Staff Comments Off on Pressure mounts on shippers, union to settle U.S. West Coast ports dispute
Pressure mounts on shippers, union to settle U.S. West Coast ports dispute
Two U.S. Cabinet secretaries joined congressional leaders, three governors and a big-city mayor on Wednesday in pushing shipping lines and the dockworkers’ union to settle a contract dispute that has led to months of turmoil and cargo backups at 29 West Coast ports. Labor Secretary Tom Perez and Commerce Secretary Penny Pritzker weighed in as emissaries of President Barack Obama, who has come under rising political pressure to intervene in a conflict that has reverberated through the trans-Pacific commercial supply chain and could, by some estimates, cost the U.S. economy billions of dollars.
18 February, 2015 by The TZ Newswire Staff Comments Off on Japan’s annual exports jump most since late 2013 in boost to economy
Japan’s annual exports jump most since late 2013 in boost to economy
Japan’s annual exports in January jumped the most since late 2013 in an encouraging sign a weak yen is finally boosting the nation’s all-important export engine and helping the economy crawl out of recession. A pickup in shipments – which had been a soft spot in the economy – is welcome news for policymakers who hope exports will offset still-weak private consumption, and cheaper oil prices will spur firms to spend more on wages and investment, generating a virtuous growth cycle.
18 February, 2015 by The TZ Newswire Staff Comments Off on YouTube to launch paid music service in a few months
YouTube to launch paid music service in a few months
Google said in November the subscription for the ad-free service will start at $7.99 per month and will allow users to watch videos offline and listen to music while other apps are working. The plan would represent a significant change for the world’s No. 1 online video, whose free videos, often accompanied by short commercials, attract more than 1 billion users a month.