19 February, 2015 by The TZ Newswire Staff Comments Off on Currencies: Dollar bides its time as meeting on Greek bailout looms
Currencies: Dollar bides its time as meeting on Greek bailout looms
Dollar takes to the sidelines ahead of the eurozone finance ministers’ meeting on the Greek bailout.
read more
19 February, 2015 by The TZ Newswire Staff Comments Off on Coca-Cola Yield Tops 3.00% After Dividend Raise
Coca-Cola Yield Tops 3.00% After Dividend Raise
19 February, 2015 by The TZ Newswire Staff Comments Off on Tesla: The Floor Is Yours
Tesla: The Floor Is Yours
19 February, 2015 by The TZ Newswire Staff Comments Off on Japan stocks extend rally, upbeat data supports dollar
Japan stocks extend rally, upbeat data supports dollar
Japan’s Nikkei climbed to a fresh 15-year high and was last up 0.3 percent. “Now the market is relieved again on hopes for an earlier U.S. rate hike,” said Nobuhiko Kuramochi, a strategist at Mizuho Securities, noting that a stronger U.S. economy is beneficial for Japan. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3 percent, with many of the regions’ markets closed for the Lunar New Year holiday, including China, Malaysia, Singapore, Taiwan and South Korea.
19 February, 2015 by The TZ Newswire Staff Comments Off on Oil edges up as U.S. rig count likely to fall further
Oil edges up as U.S. rig count likely to fall further
Oil markets edged up on Friday to halt a two-day drop, helped by expectations that data later in the day would show a continued decline in the U.S. oil rig count, a clear sign of the pressure the tumble in crude has put on crude producers. A weekly survey by Baker Hughes last week showed the U.S. oil rig count fell to its lowest since August 2011, though government data indicated U.S. oil output was 9.2 million barrels a day, the most since 1973.
19 February, 2015 by The TZ Newswire Staff Comments Off on BP loses bid to cut maximum $13.7 billion Gulf spill fine
BP loses bid to cut maximum $13.7 billion Gulf spill fine
U.S. District Judge Carl Barbier in New Orleans agreed with the federal government that the maximum civil penalty that BP could face is $4,300 per barrel spilled. BP had sought a $3,000 per barrel maximum, equal to a maximum $9.57 billion civil fine. Barbier has not decided how much BP should pay, and it is unclear when he will. Setting a fine is the last step in a civil trial overseen by Barbier to determine responsibility and penalties for the April 20, 2010 blowout of the Macondo oil well, which killed 11 workers and caused the largest U.S. offshore oil spill.
19 February, 2015 by The TZ Newswire Staff Comments Off on Wal-Mart wage hike seen pressuring Target, fast-food
Wal-Mart wage hike seen pressuring Target, fast-food
Wal-Mart announced on Thursday it would lift its minimum U.S. wage to $9 an hour this year and $10 in 2016, raising the ante in a tightening labor market where low-skilled workers easily move between retailers and fast-food chains. Labor and shareholder activists will likely use the news to ratchet up pressure on companies which have so far faced less scrutiny than Wal-Mart, the largest private U.S. employer with a workforce of 1.3 million.