27 April, 2015 by The TZ Newswire Staff Comments Off on Biotechs Battered Most In Over A Year; Bullion Bid As Stocks Skid
Biotechs Battered Most In Over A Year; Bullion Bid As Stocks Skid
What every Biotech bubble-owner, Greek FinMin, and Chinese housewife is asking right now… it seems everybody is shaking down everybody, creditors shaking down Greece, Greece shaking down local governments; and “markets” shaking down their central planners with these brief reminders of what happens if they don’t get their money…
27 April, 2015 by The TZ Newswire Staff Comments Off on With economy uncertain, no Fed rate hike is seen before fall
With economy uncertain, no Fed rate hike is seen before fall
For 6½ years, the Federal Reserve has held its key interest rate near zero, and for nearly that long the financial world has speculated about when the Fed will start raising it. Don’t look for it soon.
27 April, 2015 by The TZ Newswire Staff Comments Off on Jeff Bezos Is now richer than three of the four Wal-Mart heirs
Jeff Bezos Is now richer than three of the four Wal-Mart heirs
Amazon.com Inc.’s first-quarter results sent a jolt into the fortune of Jeff Bezos Friday, making him richer than three of the four Wal-Mart heirs, according to the Bloomberg Billionaires Index. The online shopping giant increased sales 15 percent, beating analysts expectations, and broke out results for its Web Services cloud computing unit for the first time. The jump puts him on par with Wal-Mart founder Sam Walton’s daughter-in-law, Christy Walton, the richest woman in the U.S.
27 April, 2015 by The TZ Newswire Staff Comments Off on Walt Disney’s ESPN sues Verizon for breach of contract
Walt Disney’s ESPN sues Verizon for breach of contract
Walt Disney Co’s sports network, ESPN, has sued Verizon Communications Inc over an alleged breach in contract, a court filing showed on Monday. The breach in contract relates to Verizon’s new cable plan, …
27 April, 2015 by The TZ Newswire Staff Comments Off on ‘No One’s Going Back’: Everest Industry Shut for a Second Year
‘No One’s Going Back’: Everest Industry Shut for a Second Year
Ada Tsang remembers the ground shaking and then trying to zip up a tent flap before the roaring ocean of snow overtook her. When she awoke, Tsang saw bodies strewn around Mount Everest, just some of the victims claimed by the earthquake that rocked Nepal on Saturday. For the second consecutive year, fatal natural disasters struck Mount Everest, hitting one of the most important revenue sources in Asia’s second-poorest country. Since New Zealander Edmund Hillary and Nepali Tenzing Norgay reached the summit in 1953, more than 4,000 people have followed, creating a sizable industry.
27 April, 2015 by The TZ Newswire Staff Comments Off on Hedge funds raise bets on rising Brent price to new record
Hedge funds raise bets on rising Brent price to new record
Hedge funds and other money managers raised their bets on rising Brent crude oil prices for a fifth week in a row to a new record, exchange data showed on Monday. Speculators increased net long positions in Brent futures and options by 8,351 contracts to 271,929 in the week to April 21, InterContinental Exchange (ICE) data showed, the highest level since records began in 2011. “We have more or less seen longs rise since October so it’s been going on for some time,” said Ole Hansen, head of commodity strategy at Saxo Bank. Brent crude prices fell by more than half between June and January.
27 April, 2015 by The TZ Newswire Staff Comments Off on Rivals Give Harley-Davidson Inc. a Case of Earnings Road Rash
Rivals Give Harley-Davidson Inc. a Case of Earnings Road Rash
The big bike maker is still making gains in some segments, but not enough to offset the declines