20 March, 2015 by The TZ Newswire Staff Comments Off on Kudlow: Why is US trying to do business with Iran?
Kudlow: Why is US trying to do business with Iran?
Retired Gen. Petraeus joined Netanyahu in saying it is Iran, not ISIS, that is the real enemy. So why is the US trying to do business with Iran?
20 March, 2015 by The TZ Newswire Staff Comments Off on AIG investors’ $970.5 million settlement wins US court approval
AIG investors’ $970.5 million settlement wins US court approval
American International Group Inc (AIG.N) shareholders won approval on Friday of a $970.5 million settlement resolving claims they were misled about its subprime mortgage exposure, leading to a liquidity crisis and $182.3 billion in federal bailouts. U.S. District Judge Laura Taylor Swain in Manhattan granted final approval at a hearing to what lawyers for the investors call one of the largest class action settlements to come out of the 2008 financial crisis. The U.S. Justice Department and U.S. Securities and Exchange Commission closed related probes involving AIG in 2010.
20 March, 2015 by The TZ Newswire Staff Comments Off on FAA plans new steps to speed up commercial drone use: sources
FAA plans new steps to speed up commercial drone use: sources
The U.S. Federal Aviation Administration plans to unveil new steps soon to make it easier for companies to use drone aircraft for specific business operations, according to people with knowledge of the matter. Commercial drone flights are generally banned in the United States, except in a small number of cases where the FAA has granted an exemption.
20 March, 2015 by The TZ Newswire Staff Comments Off on Exclusive: Cyber IPO pipeline grows as data breaches boost security spending
Exclusive: Cyber IPO pipeline grows as data breaches boost security spending
NEW YORK/BOSTON (Reuters) – Rapid7, LogRhythm and Mimecast are joining a growing list of cybersecurity firms planning to go public in 2015 to capitalize on investor interest following a spate of hacker attacks, according to people familiar with the matter. Shares of publicly traded cybersecurity firms have outperformed the market in recent months, as high-profile data breaches at Sony Corp, JPMorgan Chase & Co and Anthem Inc prompt businesses to spend more to secure their computer networks.
20 March, 2015 by The TZ Newswire Staff Comments Off on SEC to allow shareholder vote on Wal-Mart independent chairman
SEC to allow shareholder vote on Wal-Mart independent chairman
Efforts the past two years were unsuccessful to unseat current board Chairman Rob Walton, scion of the billionaire family that founded the world’s largest retailer. Because the Walton family controls more than 50 percent of the retailer’s shares, outside proposals generally have little chance of passing. Wal-Mart had argued that the proposal, submitted by the International Brotherhood of Teamsters General Fund, should be omitted because it was vague in its standard of independence. The U.S.
20 March, 2015 by The TZ Newswire Staff Comments Off on After Target wage hike, labor groups turn to drugstore chains
After Target wage hike, labor groups turn to drugstore chains
Some labor groups looking to broaden their push for minimum wage hikes after success at big U.S. retailers including Target Corp, are preparing to take on drugstore chains. A source this week said Target (TGT.N) will raise its minimum wage to $9 per hour in April, matching moves by rivals Wal-Mart Stores Inc (WMT.N) and TJX Cos (TJX.N). The United Food and Commercial Workers International (UFCW), a union which played a key role in pressuring Wal-Mart, said it will accelerate its efforts to organize Walgreens Boots Alliance Inc (WBA.O) workers to demand better pay. Walgreens is the top U.S.
20 March, 2015 by The TZ Newswire Staff Comments Off on Luxury brands hedge their bets with smartwatches
Luxury brands hedge their bets with smartwatches
The flurry of technology deals luxury watchmakers announced this week to tackle the Apple Watch threat are more a way to hedge their bets in case the smartwatch market takes off than a strategic U-turn. On Thursday, LVMH’s (LVMH.PA) Tag Heuer and Bulgari, and Kering’s (PRTP.PA) Gucci were among the more than dozen or so watch brands that announced partnerships with technology companies.