10 March, 2015 by The TZ Newswire Staff Comments Off on U.S. banks’ buybacks, dividends may be no reason for shareholder celebrations
U.S. banks’ buybacks, dividends may be no reason for shareholder celebrations
Big U.S. banks, including JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N), are expected to win Federal Reserve backing on Wednesday to buy back more shares and increase their dividends in the coming year, but the approvals may be as much about the institutions’ financial engineering as any improvement in their health. Much of the money for buybacks and higher dividends is coming from the banks issuing securities known as preferred shares.
10 March, 2015 by The TZ Newswire Staff Comments Off on Berkshire’s railroad revamps service with billions, fewer cars
Berkshire’s railroad revamps service with billions, fewer cars
Stung by customer backlash over last winter’s patchy service, Berkshire Hathaway’s (BRKa.N) BNSF Railways invested billions in shoring up its operations. BNSF (BRKa.N) rail cars that were stuck at terminals for an average of 35 hours last winter are now back on the tracks in less than a day. “BNSF disappointed many of its customers,” Berkshire Hathaway CEO Warren Buffett said in a letter to shareholders last month about last year’s performance of one of North America’s top railroads.
10 March, 2015 by The TZ Newswire Staff Comments Off on Berkshire’s railroad revamps service with billions, fewer cars
Berkshire’s railroad revamps service with billions, fewer cars
Stung by customer backlash over last winter’s patchy service, Berkshire Hathaway’s (BRKa.N) BNSF Railways invested billions in shoring up its operations. BNSF (BRKa.N) rail cars that were stuck at terminals for an average of 35 hours last winter are now back on the tracks in less than a day. “BNSF disappointed many of its customers,” Berkshire Hathaway CEO Warren Buffett said in a letter to shareholders last month about last year’s performance of one of North America’s top railroads.
10 March, 2015 by The TZ Newswire Staff Comments Off on Investors see higher yields as U.S. jobs data resets Fed calculus
Investors see higher yields as U.S. jobs data resets Fed calculus
Before last Friday, many investors opined that the U.S. Federal Reserve would probably raise interest rates only once this year. Friday saw short-dated bond yields see their biggest gains in a month as more buysiders started to come in line with the thinking of big brokerages who see the Fed raising rates multiple times in the second half of 2015. Prior to the jobs data, many investors had priced in the timing of the first rate increase for late this year, with some still thinking a move might not happen at all in 2015.
10 March, 2015 by The TZ Newswire Staff Comments Off on Investors see higher yields as U.S. jobs data resets Fed calculus
Investors see higher yields as U.S. jobs data resets Fed calculus
Before last Friday, many investors opined that the U.S. Federal Reserve would probably raise interest rates only once this year. Friday saw short-dated bond yields see their biggest gains in a month as more buysiders started to come in line with the thinking of big brokerages who see the Fed raising rates multiple times in the second half of 2015. Prior to the jobs data, many investors had priced in the timing of the first rate increase for late this year, with some still thinking a move might not happen at all in 2015.
10 March, 2015 by The TZ Newswire Staff Comments Off on Brent rebounds towards $57 after U.S. crude stocks fall
Brent rebounds towards $57 after U.S. crude stocks fall
Brent crude rose towards $57 a barrel on Wednesday, paring some of the previous session’s sharp losses, after data showed U.S. crude stocks fell for the first time in two months. The benchmark closed nearly 4 percent down in the previous session on a rallying U.S. dollar and before an industry group said U.S. crude inventories fell by 404,000 barrels last week. “The sell-off was overdone,” said Jonathan Barratt, chief investment officer at Sydney’s Ayer’s Alliance. “I think it was more of a knee-jerk reaction because of the substantial build (of oil stocks) at Cushing,” he told Reuters.
10 March, 2015 by The TZ Newswire Staff Comments Off on Brent rebounds towards $57 after U.S. crude stocks fall
Brent rebounds towards $57 after U.S. crude stocks fall
Brent crude rose towards $57 a barrel on Wednesday, paring some of the previous session’s sharp losses, after data showed U.S. crude stocks fell for the first time in two months. The benchmark closed nearly 4 percent down in the previous session on a rallying U.S. dollar and before an industry group said U.S. crude inventories fell by 404,000 barrels last week. “The sell-off was overdone,” said Jonathan Barratt, chief investment officer at Sydney’s Ayer’s Alliance. “I think it was more of a knee-jerk reaction because of the substantial build (of oil stocks) at Cushing,” he told Reuters.