27 March, 2015 by The TZ Newswire Staff Comments Off on Fed’s Yellen sees gradual rate hikes starting this year
Fed’s Yellen sees gradual rate hikes starting this year
SAN FRANCISCO/WASHINGTON (Reuters) – Federal Reserve Chair Janet Yellen signaled that the U.S. central bank will likely start raising borrowing costs later this year, even before inflation and wages have returned to health, but emphasized the return to normal interest rates will be gradual. A downturn in core inflation or wage growth could force the Fed to delay the first increase to borrowing costs since 2006, the central bank’s chief said on Friday, but policymakers should not wait for inflation to near the Fed’s 2-percent goal before tightening monetary policy.
27 March, 2015 by The TZ Newswire Staff Comments Off on Fed’s Yellen sees gradual rate hikes starting this year
Fed’s Yellen sees gradual rate hikes starting this year
SAN FRANCISCO/WASHINGTON (Reuters) – Federal Reserve Chair Janet Yellen signaled that the U.S. central bank will likely start raising borrowing costs later this year, even before inflation and wages have returned to health, but emphasized the return to normal interest rates will be gradual. A downturn in core inflation or wage growth could force the Fed to delay the first increase to borrowing costs since 2006, the central bank’s chief said on Friday, but policymakers should not wait for inflation to near the Fed’s 2-percent goal before tightening monetary policy.
27 March, 2015 by The TZ Newswire Staff Comments Off on Intel in talks to buy Altera, shares of firms surge
Intel in talks to buy Altera, shares of firms surge
The acquisition of Altera, which makes programmable chips widely used in cellphone towers, the military and other industrial applications, would underscore Intel Chief Executive Officer Brian Krzanich’s determination to expand into new markets as the personal computer industry loses steam. Earlier this month, Intel slashed nearly $1 billion from its first-quarter revenue forecast to $12.8 billion, plus or minus $300 million, as small businesses put off upgrading their personal computers.
27 March, 2015 by The TZ Newswire Staff Comments Off on Intel in talks to buy Altera, shares of firms surge
Intel in talks to buy Altera, shares of firms surge
The acquisition of Altera, which makes programmable chips widely used in cellphone towers, the military and other industrial applications, would underscore Intel Chief Executive Officer Brian Krzanich’s determination to expand into new markets as the personal computer industry loses steam. Earlier this month, Intel slashed nearly $1 billion from its first-quarter revenue forecast to $12.8 billion, plus or minus $300 million, as small businesses put off upgrading their personal computers.
27 March, 2015 by The TZ Newswire Staff Comments Off on As 3G digests Kraft deal, rivals will focus on organic firms
As 3G digests Kraft deal, rivals will focus on organic firms
The macaroni and ketchup merger of Kraft Foods Group (KRFT.O) and H.J. Heinz Co may prove a boon to the far smaller natural and organic food companies that have seized market share as consumers shift away from processed foods, bankers and portfolio managers said. Brazilian private equity firm 3G Capital Partners and Warren Buffett’s Berkshire Hathaway (BRKa.N) announced a $46 billion deal to consolidate the companies Wednesday, one that will create the No. 3 packaged food maker in North America after PepsiCo and Nestle USA..
27 March, 2015 by The TZ Newswire Staff Comments Off on As 3G digests Kraft deal, rivals will focus on organic firms
As 3G digests Kraft deal, rivals will focus on organic firms
The macaroni and ketchup merger of Kraft Foods Group (KRFT.O) and H.J. Heinz Co may prove a boon to the far smaller natural and organic food companies that have seized market share as consumers shift away from processed foods, bankers and portfolio managers said. Brazilian private equity firm 3G Capital Partners and Warren Buffett’s Berkshire Hathaway (BRKa.N) announced a $46 billion deal to consolidate the companies Wednesday, one that will create the No. 3 packaged food maker in North America after PepsiCo and Nestle USA..
27 March, 2015 by The TZ Newswire Staff Comments Off on Lender says will make ‘significant’ new bid for RadioShack
Lender says will make ‘significant’ new bid for RadioShack
A lender to bankrupt RadioShack Corp (RSHCQ.PK) told a U.S. judge on Friday it was prepared to present a new offer that was a “significant improvement” over a rival proposal that was selected as a winning bidder at an auction this week. Clark’s announcement came at the end of two days of hearings to consider the sale of the company to Standard General, a hedge fund. RadioShack’s advisers declared that Standard General had outbid Salus, RadioShack’s largest creditor, at a four-day auction that concluded Thursday morning.