7 May, 2015 by The TZ Newswire Staff Comments Off on Global shares roiled by Yellen comment on high valuations
Global shares roiled by Yellen comment on high valuations
Global markets drooped Thursday after comments from the U.S. Federal Reserve chief fanned fears about the American economy. ___ KEEPING SCORE: France’s CAC 40 lost 1.5 percent to 4,909.75 and Germany’s …
7 May, 2015 by The TZ Newswire Staff Comments Off on Oil heads towards 2015 highs despite ample supply
Oil heads towards 2015 highs despite ample supply
Brent crude oil headed up towards 2015 highs above $68 a barrel on Thursday after official data showed the first drawdown in U.S. crude inventories since January, evidence the market there is balancing after months of heavy oversupply. U.S. crude stocks fell 3.9 million barrels last week, the first drop in four months, the Energy Information Administration said on Wednesday. Stronger-than-expected demand growth and a slowdown in U.S. crude supply has boosted oil prices by 50 percent from a six-year low hit in January, despite ample supply.
7 May, 2015 by The TZ Newswire Staff Comments Off on EU’s Juncker fears Grexit talk could roil markets
EU’s Juncker fears Grexit talk could roil markets
European Commission President Jean-Claude Juncker said on Thursday he would not raise the possibility of Greece leaving the euro zone, in part at least due to the effect that would have on financial markets. Juncker has in the past ruled out Grexit.
7 May, 2015 by The TZ Newswire Staff Comments Off on Buffett Climbs From Derivative Hole
Buffett Climbs From Derivative Hole
Warren Buffett’s derivatives wagers sapped earnings during the financial crisis at his Berkshire Hathaway Inc. and were part of the reason the company lost its triple-A credit rating. Liabilities on the contracts shrunk to $3.5 billion on March 31 from about $15 billion six years earlier.
7 May, 2015 by The TZ Newswire Staff Comments Off on Alcatel-Lucent defends Nokia deal as weathers U.S. slowdown
Alcatel-Lucent defends Nokia deal as weathers U.S. slowdown
Telecom equipment maker Alcatel-Lucent (ALUA.PA), which is set to be bought by larger rival Nokia (NOK1V.HE), improved profit margins in the first quarter despite a marked sales slowdown in its biggest market, the United States. Although it reported a net loss, higher software sales, a weak euro, and strong demand for its Internet routing products – which help telecom operators handle heavy broadband traffic from online video – helped the French firm post a better quarter than Nokia and mobile market leader Ericsson (ERICb.ST).
7 May, 2015 by The TZ Newswire Staff Comments Off on Adidas faces new investor criticism despite strong quarter
Adidas faces new investor criticism despite strong quarter
Investors in Adidas (ADSGn.DE) took aim at the management of the German sportswear company on Thursday, saying they were not convinced a new strategy would be enough to challenge the dominance of rival Nike (NKE.N). “Adidas is panting behind the competition. Adidas lost the race, at least in 2014,” Gerhard Jaeger, spokesman for the SdK investor association, told the firm’s annual general meeting in the southern town of Fuerth.
7 May, 2015 by The TZ Newswire Staff Comments Off on J&J to consult ethicists for experimental drugs
J&J to consult ethicists for experimental drugs
Johnson & Johnson will become the first pharma company to formally seek advice from outside medical ethicists.