2 March, 2015 by The TZ Newswire Staff Comments Off on Nasdaq 5000: Bubble or not?
Nasdaq 5000: Bubble or not?
The Nasdaq has rallied to match its dotcom boom glory days, spawning a CNBC smackdown over whether the bubble is back too.
2 March, 2015 by The TZ Newswire Staff Comments Off on Despite Russian Warnings, US Will Deploy A Battalion To Ukraine By The End Of The Week
Despite Russian Warnings, US Will Deploy A Battalion To Ukraine By The End Of The Week
“Before this week is up, we’ll be deploying a battalion… to the Ukraine to train Ukrainian forces for the fight that’s taking place,” stated US 173rd Airborne Brigade Commander Colonel Michael Foster said at the Center for Strategic and International Studies in Washington, DC on Monday.
2 March, 2015 by The TZ Newswire Staff Comments Off on IBM shareholder sues company, alleging it overvalued chip unit
IBM shareholder sues company, alleging it overvalued chip unit
IBM Corp was sued on Monday by a shareholder that said it committed securities fraud by failing to write down a money-losing semiconductor unit before agreeing to pay another company $1.5 billion to take that unit off its hands. The lawsuit filed in Manhattan federal court arose from IBM’s announcement last Oct. 20 that it would sell the unit to GlobalFoundries Inc, and take a related $4.7 billion pre-tax charge. Warren Buffett’s Berkshire Hathaway Inc is among IBM’s largest shareholders.
2 March, 2015 by The TZ Newswire Staff Comments Off on Apple, Google poaching settlement appears headed for approval
Apple, Google poaching settlement appears headed for approval
A U.S. judge on Monday seemed satisfied with a proposed $415 million settlement that would end a lawsuit in which tech workers accused Apple Inc, Google Inc and two other Silicon Valley companies of conspiring to hold down salaries. U.S. District Judge Lucy Koh in San Jose, California, had previously rejected an earlier $324 million deal as too low. During a hearing on Monday, Koh raised no objections about the size of the settlement as she had at an earlier court session.
2 March, 2015 by The TZ Newswire Staff Comments Off on Former HP chairman admits ‘mistake’ in sexism trial
Former HP chairman admits ‘mistake’ in sexism trial
Onetime highflying tech executive Ray Lane testified on Monday during a sex discrimination trial involving his former employer, Kleiner Perkins Caufield & Byers, that he made a mistake in judgment involving the harassment of a female venture capitalist at the firm, and that he feared for the woman’s safety. Lane, who previously served as executive chairman of Hewlett-Packard Co (HPQ.N) and president of Oracle Corp (ORCL.N), told the court he erred in not immediately informing others that Trae Vassallo told him about unwanted advances by her colleague, Ajit Nazre, during a 2011 business trip.
2 March, 2015 by The TZ Newswire Staff Comments Off on Standard Chartered to shrink bonus pool by 9 percent: Sky News
Standard Chartered to shrink bonus pool by 9 percent: Sky News
Standard Chartered bank will shrink its bonus pool for 2014 by about 9 percent to around 715 million pounds , Sky News reported late on Monday, citing a person familiar with the matter. Sky News said the …
2 March, 2015 by The TZ Newswire Staff Comments Off on GM aims to boost GMC truck brand’s U.S. market share
GM aims to boost GMC truck brand’s U.S. market share
General Motors Co wants to boost the U.S. market share for its GMC truck brand by two-thirds over the next decade by advertising more heavily and introducing new vehicles, a top executive said on Monday. To help with its goal to boost its share to 5 percent from about 3 percent now, it is almost doubling spending on the brand in that time frame, including boosting its U.S. advertising budget by 50 percent this year, Duncan Aldred, U.S. vice president in charge of GMC sales, told reporters at GM’s headquarters in Detroit.