7 April, 2015 by The TZ Newswire Staff Comments Off on Greek parliament backs setting up committee to investigate bailout
Greek parliament backs setting up committee to investigate bailout
Greek lawmakers voted on Tuesday in favor of setting up a committee to examine the circumstances under which Greece agreed to bailouts totaling 240 billion euros ($260 billion) with the European Union and International Monetary Fund. “After five years of parliamentary silence on the major issues that caused the bailout catastrophe, today we commence a procedure that will give answers to the questions concerning the Greek people,” Prime Minister Alexis Tsipras told lawmakers before the vote in the early hours of Tuesday.
7 April, 2015 by The TZ Newswire Staff Comments Off on Viacom to cut jobs, abandon titles, reorganize network groups
Viacom to cut jobs, abandon titles, reorganize network groups
The owner of movie studio Paramount Pictures and cable networks such as MTV and Comedy Central said it will take a related pre-tax charge of about $785 million in the quarter ended March 31. Viacom also halted its $20 billion share buyback program due to the restructuring and the spending on acquisitions anticipated in the current fiscal year. Viacom said the new structure would realign sales, marketing, creative and support functions and increase efficiencies in program and product development.
7 April, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: FedEx to buy TNT Express for $4.8 billion in cash
The Wall Street Journal: FedEx to buy TNT Express for $4.8 billion in cash
The all-cash deal, which will allow FedEx to expand in Europe, has been approved by the Dutch company’s board.
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7 April, 2015 by The TZ Newswire Staff Comments Off on London Markets: FTSE 100 jumps after holiday break, but EasyJet, IAG lag
London Markets: FTSE 100 jumps after holiday break, but EasyJet, IAG lag
U.K. stocks jump Tuesday, as investors return from the long holiday break and follow up on rally in the U.S.