4 March, 2015 by The TZ Newswire Staff Comments Off on America’s ‘greenest’ institutions
America’s ‘greenest’ institutions
CNBC.com takes a look at 10 of the United States’ biggest – and greenest – institutions.
4 March, 2015 by The TZ Newswire Staff Comments Off on AbbVie to buy cancer drug maker Pharmacyclics in $21 billion deal
AbbVie to buy cancer drug maker Pharmacyclics in $21 billion deal
AbbVie will pay $261.25 per share in cash and stock, a 13 percent premium to Pharmacyclics stock’s closing price on Wednesday on the Nasdaq. Pharmacyclics stockholders can elect cash, AbbVie stock or a combination, subject to proration, the company said in a statement. “Imbruvica is not only complementary to AbbVie’s oncology pipeline, it has demonstrated strong clinical efficacy across a broad range of hematologic malignancies,” AbbVie’s Chief Executive, Richard Gonzalez, said in a statement. Sales of Imbruvica, which has U.S.
4 March, 2015 by The TZ Newswire Staff Comments Off on Asia stocks slip, euro hits 11-year low before ECB
Asia stocks slip, euro hits 11-year low before ECB
Asian stocks slipped on Thursday after Wall Street continued to pull back from record highs ahead of Friday’s closely-watched U.S. jobs data, while the nervous euro languished at an 11-year low prior to the European Central Bank’s policy meeting. MSCI’s broadest index of Asia-Pacific shares outside Japan shed 0.4 percent with Thai, Malaysian and Chinese stocks posting losses. “Foreigners are continuing their buying spree on the back of increased global liquidity after quantitative easing by the ECB,” said Lee Kyung-min, economist at Daishin Securities Co in Seoul.
4 March, 2015 by The TZ Newswire Staff Comments Off on China signals ‘new normal’ with lower annual growth target
China signals ‘new normal’ with lower annual growth target
China announced an economic growth target for 2015 of around 7 percent on Thursday and said it would boost government spending, signaling that the lowest rate of expansion for a quarter of a century is the “new normal” for the world’s No.2 economy. Speaking at the opening of the country’s annual parliamentary meeting, Premier Li Keqiang vowed to fight corruption and pollution, and stressed the need for more painful reforms to put the economy on a more sustainable footing after three decades of breakneck growth.
4 March, 2015 by The TZ Newswire Staff Comments Off on Brent sticks above $60; Iran news offsets bearish U.S. stockpiles data
Brent sticks above $60; Iran news offsets bearish U.S. stockpiles data
Brent crude was flat on Thursday, managing to hold above $60 a barrel as investors brushed aside bearish U.S. inventories data to focus on the lack of a deal in talks over Iran’s nuclear program. Tehran’s ambassador to the International Atomic Energy Agency (IAEA) said on Wednesday no deal had been reached on the duration of any possible final agreement with world powers on Iran’s program. The April contract inched up 5 cents to $60.60 a barrel by 0003 ET while West Texas Intermediate (WTI) crude rose 22 cents to $51.75 a barrel.
4 March, 2015 by The TZ Newswire Staff Comments Off on U.S. service sector activity ticks up in February
U.S. service sector activity ticks up in February
The Institute for Supply Management on Wednesday said its services index was 56.9 in February, up slightly from 56.7 in January. Analysts were looking for a reading of 56.5, according to a Reuters poll.
4 March, 2015 by The TZ Newswire Staff Comments Off on Banks brace for Fed capital buffers inspection
Banks brace for Fed capital buffers inspection
The largest U.S. banks and their foreign rivals are facing a tough two-step check-up of their financial health by the Federal Reserve, forcing the firms to get a far better grip on how they measure risk. In its annual “stress tests”, the Fed gauges whether banks have enough shareholder capital to withstand a severe economic shock like that of the 2007-09 crisis, when taxpayers spent billions of dollars to keep the industry afloat.