7 May, 2015 by The TZ Newswire Staff Comments Off on Live: Stocks swing; Lumber Liquidators’ big move; McDonald’s new Hamburglar
Live: Stocks swing; Lumber Liquidators’ big move; McDonald’s new Hamburglar
Join Market Movers live now for the latest premarket headlines.
7 May, 2015 by The TZ Newswire Staff Comments Off on Alibaba quarterly sales surge 45%, names Zhang as new CEO
Alibaba quarterly sales surge 45%, names Zhang as new CEO
Alibaba Group Holding Ltd. reported a 45 percent increase in fourth-quarter revenue as China’s biggest e-commerce company capitalized on the Lunar New Year holiday shopping season. The company also named …
7 May, 2015 by The TZ Newswire Staff Comments Off on Lumber Liquidators to halt Chinese laminate sales
Lumber Liquidators to halt Chinese laminate sales
Home improvement retailer Lumber Liquidators is halting sales of all its Chinese laminate flooring effective immediately, CNBC has learned. The move comes in the face of dozens of lawsuits over the safety of the products, as well as looming criminal charges disclosed by the company last week concerning its foreign sourcing.
7 May, 2015 by The TZ Newswire Staff Comments Off on Greece says sticking to ‘red lines’, wants concessions from lenders
Greece says sticking to ‘red lines’, wants concessions from lenders
Greece’s government is sticking to its non-negotiable “red lines” on labour and pension issues and expects its EU and IMF creditors also to make concessions to reach a deal, the government spokesman said on Thursday. Greece’s new leftist government has said further cuts to pension payments and reforms making it easier to fire workers in the private sector are among “red lines” it will no cross. “There should not be an expectation on the part of institutions that the government has to back down on everything in order to have a deal,” Gabriel Sakellaridis told a news conference.
7 May, 2015 by The TZ Newswire Staff Comments Off on Citi targeting market share gains in equities in 2015
Citi targeting market share gains in equities in 2015
U.S. bank Citigroup (C.N) is targeting market-share gains in equities in 2015, its European head of equities told Reuters, pointing to fresh technology investment and new hires as financial-market trading picks up. The comments echo a more optimistic stance from trading desks at global investment banks after a bumper quarter boosted by the European Central Bank’s announcement of a bond-buying scheme to spur growth. “We are not pulling back in equities — quite the opposite,” Tim Gately said in an interview.
7 May, 2015 by The TZ Newswire Staff Comments Off on There’s One Part of the World Where the Oil Industry Is Booming
There’s One Part of the World Where the Oil Industry Is Booming
As the oil industry tightens its belt after the worst price slump in a generation, the state-owned giants of the Middle East are taking the opposite tack. Saudi Arabian Oil Co., Abu Dhabi National Oil Co. and Kuwait Petroleum Corp. are using a record number of drilling rigs and boosting production, a contrast to international companies from Exxon Mobil Corp. to Royal Dutch Shell Plc, which are shelving projects and slashing costs.
7 May, 2015 by The TZ Newswire Staff Comments Off on Stock futures track global markets lower as bond rout continues
Stock futures track global markets lower as bond rout continues
U.S. stock index futures were lower on Thursday, following global markets, as the global bond rout continued and ahead of the release of weekly jobless claims numbers. World financial markets were unsettled …