7 May, 2015 by The TZ Newswire Staff Comments Off on Asian shares rebound, sterling jumps on UK exit polls
Asian shares rebound, sterling jumps on UK exit polls
Asian shares rebounded from one-month lows on Friday, helped by signs global bond markets are stabilizing after a big selloff, though investors were on guard ahead of U.S. jobs data and crunch talks between Greece and its creditors at the weekend. Sterling jumped more than one percent against other major currencies after British Prime Minister David Cameron appeared set to govern Britain, showing surprising strength in a tightly-contested election. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.4 percent, recovering from a one-month low hit earlier.
7 May, 2015 by The TZ Newswire Staff Comments Off on U.S. job growth seen regaining steam, keeping Fed rate hike on track
U.S. job growth seen regaining steam, keeping Fed rate hike on track
U.S. job growth likely rebounded last month and the unemployment rate probably dropped to a near seven-year low, signs of a pick up in economic momentum that could keep the Federal Reserve on track to hike interest rates this year. The Labor Department will release its closely followed employment report at 8:30 a.m. (1230 GMT) on Friday. “Our view is that we get a pretty clear signal that the first-quarter soft patch was just that, a temporary soft patch that will subside and we will get a bit of a bounce back,” said Bricklin Dwyer, an economist at BNP Paribas in New York.
7 May, 2015 by The TZ Newswire Staff Comments Off on Exclusive: Microsoft has no plans to pursue Salesforce – sources
Exclusive: Microsoft has no plans to pursue Salesforce – sources
Bloomberg News, citing people with knowledge of the matter, reported earlier this week that Microsoft was evaluating a bid for Salesforce after the latter was approached by another unnamed would-be buyer. Microsoft considers Salesforce’s current market valuation expensive, one of the people said. It is possible that Microsoft could review a bid for Salesforce in the long term, the other person said. Microsoft and Salesforce both declined to comment.
7 May, 2015 by The TZ Newswire Staff Comments Off on Hutchison to sell one-third stake in UK mobile unit for $4.3 billion
Hutchison to sell one-third stake in UK mobile unit for $4.3 billion
Hutchison Whampoa Ltd said it plans to sell a one-third stake in its British mobile phone business for $4.3 billion to five investors – a move that will help the Hong Kong ports-to-telecoms group fund …
7 May, 2015 by The TZ Newswire Staff Comments Off on Boone Pickens sees oil rising, bets on Bush for White House
Boone Pickens sees oil rising, bets on Bush for White House
Billionaire investor T. Boone Pickens, who cemented his fortune with bets on oil companies, said the price of oil would likely hit $75 dollars a barrel by yearend as demand revives. The octogenarian corporate-raider-turned-hedge-fund-investor also mused about politics, saying he has put his money on former Florida Governor Jeb Bush. At age 86, Pickens packed a ballroom at the annual SkyBridge Alternatives Conference, or SALT, where hedge fund managers and investors are meeting to talk markets and politics and later held court for a group of journalists.
7 May, 2015 by The TZ Newswire Staff Comments Off on Bank of America directors lose support from shareholders
Bank of America directors lose support from shareholders
Four Bank of America Corp (BAC.N) directors on the board’s governance committee received unusually small majorities of votes for re-election at this week’s annual meeting, according to tallies the company released on Thursday. Shareholder advisory firm Institutional Shareholder Services had recommended voting against the four directors after their committee advised the board in October to unilaterally change company bylaws to allow Chief Executive Brian Moynihan to also be named chairman.
7 May, 2015 by The TZ Newswire Staff Comments Off on CBS profit beats as revenue from affiliates and subscriptions rise
CBS profit beats as revenue from affiliates and subscriptions rise
CBS, whose network is home to naval intelligence drama “NCIS” and comedy “The Big Bang Theory”, said revenue from affiliates and subscription fees rose 10.8 percent in the three months ended March 31. The company has been focusing more on non-advertising revenue, such as subscription and retransmission fees, to help offset fluctuations in advertising revenue, which can vary from quarter to quarter depending on events. Advertising revenue accounted for about 51 percent of total revenue in the quarter.