21 April, 2015 by The TZ Newswire Staff Comments Off on 4 Things to Watch When Google Inc. Reports Earnings
4 Things to Watch When Google Inc. Reports Earnings
Whether the search giant falls short again this quarter shouldn’t matter. Investors should focus on these four things instead.
21 April, 2015 by The TZ Newswire Staff Comments Off on Struggling Tesco posts pre-tax loss of $9.5B
Struggling Tesco posts pre-tax loss of $9.5B
Struggling U.K. supermarket Tesco reported a full-year pre-tax loss of £6.38 billion ($9.5 billion) on Wednesday.
21 April, 2015 by The TZ Newswire Staff Comments Off on Sales Force: Classified ad offers Star Wars spaceship
Sales Force: Classified ad offers Star Wars spaceship
You can find anything on Craigslist, real or fake, including a “slightly used Imperial II-class Star Destroyer.”
21 April, 2015 by The TZ Newswire Staff Comments Off on Asia shares rise as China market rallies, oil sags
Asia shares rise as China market rallies, oil sags
Asian equities were mostly firmer on Wednesday with stimulus-fueled Chinese shares taking the lead, while oil sagged after Saudi Arabia ended its military campaign in Yemen, easing tensions in the energy-rich Middle East. Spread betters expected Britain’s FTSE (.FTSE), Germany’s DAX (.GDAXI) and France’s CAC to open mildly higher, taking their cue from gains in Asia. On Sunday, China’s central bank cut the reserve requirement ratio for the country’s lenders in the second reduction in two months.
21 April, 2015 by The TZ Newswire Staff Comments Off on Oil prices drop as Middle East tension eases
Oil prices drop as Middle East tension eases
Oil prices extended declines from the previous session on Wednesday as tensions in the Middle East eased after Saudi Arabia ended an air strike campaign in Yemen, but industry leaders said the market could rebound as attention turned to rising demand. Saudi Arabia said on Tuesday it was ending a month-long military campaign against the Houthi rebels who seized large areas of Yemen, bringing hope of a peaceful political solution to the conflict in the key oil producing region.
21 April, 2015 by The TZ Newswire Staff Comments Off on Yahoo’s profit, revenue miss Street forecasts as costs rise
Yahoo’s profit, revenue miss Street forecasts as costs rise
Investors have been urging Mayer to cash in the stake, after Yahoo announced plans to spin off its position in Chinese internet retailer Alibaba Group Holding. The moves follow unsuccessful efforts by Mayer to revive meaningful revenue growth with a string of acquisitions and product revamps. For the first quarter, Yahoo said display advertising revenue rose 2.3 percent to $463.7 million, accounting for roughly 40 percent of its total revenue. Search business revenue was up 19.5 percent year-on-year to $531.7 million.
21 April, 2015 by The TZ Newswire Staff Comments Off on Yum CEO says China business mending, sees strong year-end finish
Yum CEO says China business mending, sees strong year-end finish
Yum’s comments on China, its No. 1 market for revenue and profit, sent company shares up 4.5 percent to $84.52 in extended trading. Yum said China sales at established restaurants fell less than expected for the first quarter as it works to recover from allegations of improper meat handling at OSI Group’s Shanghai Husi Food Co Ltd, which was a small supplier to Yum but a key supplier to rival McDonald’s Corp. Both companies immediately stopped using the supplier. Yum is making “continued progress” in China, Chief Executive Greg Creed said in a statement.