24 April, 2015 by The TZ Newswire Staff Comments Off on Sale of Lehman’s Stake in D.E. Shaw Proves That Valley People Will Buy Anything
Sale of Lehman’s Stake in D.E. Shaw Proves That Valley People Will Buy Anything
24 April, 2015 by The TZ Newswire Staff Comments Off on SPX Makes Another Record High on Soaring Tech Earnings
SPX Makes Another Record High on Soaring Tech Earnings
Today’s financial recap and tomorrow’s financial outlook.
24 April, 2015 by The TZ Newswire Staff Comments Off on Nasdaq Soars To Record Highs On Dismal Data & Vapid Volume
Nasdaq Soars To Record Highs On Dismal Data & Vapid Volume
Humor required…
Despite a quiet week for macro data, what there was a disaster (from PMIs to housing to durable goods)… US Macro at new 6 year lows…
24 April, 2015 by The TZ Newswire Staff Comments Off on American Air Revenue Hit By Dollar, Capacity Growth
American Air Revenue Hit By Dollar, Capacity Growth
American Airlines (AAL) reported first-quarter earnings above Wall Street expectations Friday, but the strong dollar and capacity growth hurt revenue. The carrier’s earnings jumped 220% to $1.73 per share. Analysts polled by Thomson Reuters were expecting $1.71. Revenue dipped 1.7% to $9.8 billion, in line with views. “While core demand remains healthy, first-quarter 2015 revenue was impacted by competitive capacity growth, a stronger U.S.
24 April, 2015 by The TZ Newswire Staff Comments Off on Diet Pepsi drops Aspartame as consumer backlash bubbles
Diet Pepsi drops Aspartame as consumer backlash bubbles
PepsiCo Inc. will start selling Diet Pepsi without aspartame later this year, one of the biggest changes to the beverage in decades, after a consumer backlash against the artificial sweetener crushed sales. The company will replace aspartame with a blend of sucralose and acesulfame potassium in Diet Pepsi, Caffeine Free Diet Pepsi and Wild Cherry Diet Pepsi sold in the U.S. beginning in August. The move follows a 5.2 percent decline in Diet Pepsi’s sales volume last year, according to Beverage-Digest. Sales of Coca-Cola’s Diet Coke, which also uses aspartame, dropped 6.6 percent.
24 April, 2015 by The TZ Newswire Staff Comments Off on When To Put On Bill Gross’ Big Bund Short: Citi Explains
When To Put On Bill Gross’ Big Bund Short: Citi Explains
Since the launch of PSPP (i.e. ECB QE) on March 9, quite a bit of attention has been paid to German Bunds. Under the program, national NCBs’ share of monthly purchases is based on the ECB’s capital key and as it turns out, it’s going to quite difficult (if not impossible) for Germany to source enough purchasable assets given projected supply and Q€’s structural limitations.
24 April, 2015 by The TZ Newswire Staff Comments Off on Altria Group Inc Lights Up Higher Profit
Altria Group Inc Lights Up Higher Profit
Here’s how Altria managed to beat earnings expectations for the first quarter.