3 March, 2015 by The TZ Newswire Staff Comments Off on Brent holds above $60 after Saudi price increases
Brent holds above $60 after Saudi price increases
Brent dipped on Wednesday but held above $60 a barrel, supported by a rise in Saudi crude prices and air strikes on oil facilities in Libya. In a move widely seen as showing Saudi Arabia’s confidence about a recovery in demand, the OPEC kingpin raised the official selling prices (OSPs) for its oil deliveries to Asia and the United States on Tuesday. “This is a sign that prices have bottomed out because it means Saudi is confident in raising prices without being afraid of losing market share,” said Tony Nunan, a risk manager at Mitsubishi Corp in Tokyo.
3 March, 2015 by The TZ Newswire Staff Comments Off on DuPont rejects activist request to change how directors are elected
DuPont rejects activist request to change how directors are elected
Peltz’s Trian Fund Management LP has been publicly critical of the company’s performance and requested DuPont use a tool called a universal proxy, which has played a key role in company shake-ups. The universal proxy allows shareholders to split their vote if they are not fully convinced of either party during a proxy battle. DuPont said a universal proxy could compromise access and accuracy and issuing the card to all 600,000 individual shareholders could be cumbersome.
3 March, 2015 by The TZ Newswire Staff Comments Off on China February HSBC services PMI edges up
China February HSBC services PMI edges up
Activity in China’s services sector grew modestly in February as new orders rose at their quickest pace in three months, a private survey showed just a few days after the central bank cut interest rates to stimulate the world’s second-largest economy. The PBOC had already cut interest rates in November and reduced the reserve requirement (RRR) – the ratio of cash that banks must set aside as reserves – earlier in February, the first such reduction in over two years.
3 March, 2015 by The TZ Newswire Staff Comments Off on United Airlines expects to use its cash pile to buy aircraft this year
United Airlines expects to use its cash pile to buy aircraft this year
United Airlines (UAL.N) expects to dip into its cash pile to help fund the purchase of new aircraft this year and rely less on debt financing, reflecting the U.S. airline industry’s dramatic financial turnaround, the carrier’s Chief Financial Officer John Rainey said in an interview. While cash-rich companies have been under pressure from shareholders to increase dividends, United, the fourth-largest U.S. carrier by market capitalization, has said it is focused on finishing a $1 billion share buyback program and that there are no current plans to restore a dividend.
3 March, 2015 by The TZ Newswire Staff Comments Off on 3 biggest financial mistakes made by each generation
3 biggest financial mistakes made by each generation
Every generation has a “pain point” when it comes to their finances.
read more
3 March, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: NBCUniversal plans subscription comedy service
The Wall Street Journal: NBCUniversal plans subscription comedy service
Comcast’s NBCUniversal is aiming to launch a comedy-focused subscription Web video service later this year, The Wall Street Journal reports.
read more
3 March, 2015 by The TZ Newswire Staff Comments Off on Paul B. Farrell: 10 investing tips to beat Wall St. even without a ‘fiduciary rule’
Paul B. Farrell: 10 investing tips to beat Wall St. even without a ‘fiduciary rule’
Even if Obama’s new fiduciary rule is DOA, you can beat Wall Street as a do-it-yourself investor managing your portfolio without paying any of Wall Street’s excessive advisory fees.