8 May, 2015 by The TZ Newswire Staff Comments Off on How Organovo Holdings Inc. Printed Profits in April
How Organovo Holdings Inc. Printed Profits in April
Tissue engineering company Organovo Holdings scorched higher by 28% in April on the heels of a preliminary fourth-quarter earnings release. Was the data really as good as the stock move implies?
8 May, 2015 by The TZ Newswire Staff Comments Off on McDonald’s April sales down but beat expectations
McDonald’s April sales down but beat expectations
McDonald’s sales at established restaurants fell 0.6 percent in April as the fast-food giant fights to lure back customers.
8 May, 2015 by The TZ Newswire Staff Comments Off on Payrolls Soft, Stock Futures Up; Tableau Soars, Monster Folds
Payrolls Soft, Stock Futures Up; Tableau Soars, Monster Folds
Stock futures swept higher ahead of Friday’s open, accelerating early gains after a mixed April payroll report. Dow futures surged 194 points above fair market value. Nasdaq 100 futures powered up 48.6 points and S&P 500 futures showed a strong 20.7-point gain. The stock market today gets rolling with the Nasdaq down 1.2% so far in what would be its second straight weekly slip. The S&P 500 is off not quite 1%, also in a second down week.
8 May, 2015 by The TZ Newswire Staff Comments Off on Jobs report could help clarify a muddy US economic picture
Jobs report could help clarify a muddy US economic picture
The government’s April jobs report being released Friday could bring some clarity to a fuzzy picture of the U.S. economy. The economy likely shrank during the first three months of the year.
8 May, 2015 by The TZ Newswire Staff Comments Off on Who exactly is Alibaba’s new CEO?
Who exactly is Alibaba’s new CEO?
Alibaba announced on Thursday that it had appointed Daniel Zhang, the key architect of the Chinese internet behemoth’s annual Singles Day shopping event, as the new chief executive officer, with investors …
8 May, 2015 by The TZ Newswire Staff Comments Off on Oil prices fall on oversupply fears, ignore record China imports
Oil prices fall on oversupply fears, ignore record China imports
Benchmark Brent crude was at $65.31 per barrel at 0650 GMT, down 23 cents after hitting a session high of $65.75. Oil prices already tumbled 3 percent on Thursday as a resurgent dollar erased gains from the past two sessions, and after some U.S. producers said they would ramp up drilling after months of falling activity if prices continued to rise. “U.S. producers… indicated they would ramp up drilling activity if prices continued to rise,” ANZ bank said in a note.
8 May, 2015 by The TZ Newswire Staff Comments Off on China April exports unexpectedly contract, import slide worsens, more stimulus seen
China April exports unexpectedly contract, import slide worsens, more stimulus seen
China’s exports unexpectedly fell 6.4 percent in April from a year earlier, while imports tumbled by a deeper-than-forecast 16.2 percent, fueling expectations that Beijing will quickly roll out more stimulus to avert a sharper economic slowdown. The dismal trade performance raises the risk that second-quarter economic growth may dip below 7 percent for the first time since the depths of the global financial crisis, adding to official fears of job losses and growing levels of bad debt.