8 May, 2015 by The TZ Newswire Staff Comments Off on Toyota zooms to record $18B profit on sales growth, yen
Toyota zooms to record $18B profit on sales growth, yen
Toyota zoomed to a record 2.17 trillion yen ($18.1 billion) profit for the fiscal year through March, up 19 percent from the previous year, buoyed by sales growth in the U.S. and a perk from the cheap …
8 May, 2015 by The TZ Newswire Staff Comments Off on German trade data, factory output drop point to weaker first-quarter
German trade data, factory output drop point to weaker first-quarter
German imports climbed more sharply than exports in March and industrial output dipped, suggesting that Europe’s largest economy might have grown less than economists expected in the first quarter. The figures from the Federal Statistics Office contrasted with generally buoyant sentiment indicators and with news on Thursday that demand for goods made in Germany had climbed by 0.9 percent in March.
8 May, 2015 by The TZ Newswire Staff Comments Off on AP Exclusive: Chinese banks a haven for web counterfeits
AP Exclusive: Chinese banks a haven for web counterfeits
Kim Sbarcea knew exactly what she wanted. She typed “Tiffany Elsa Peretti mesh earrings” into Google and chanced upon a pair of the $450 earrings for — deal of deals! — $32. The website, called …
8 May, 2015 by The TZ Newswire Staff Comments Off on Stock futures higher ahead of jobs data
Stock futures higher ahead of jobs data
U.S. stock index futures were higher on Friday ahead of the April payrolls report, which could affect when the U.S. Federal Reserve raises interest rates for the first time since 2006. U.S. jobs are expected …
8 May, 2015 by The TZ Newswire Staff Comments Off on Nike backs Obama on trade with pledge to create 10,000 U.S. jobs
Nike backs Obama on trade with pledge to create 10,000 U.S. jobs
Sports shoe maker Nike Inc put its weight behind President Barack Obama’s push for a trade deal with Asian countries on Friday with a promise to create up to 10,000 U.S.-based manufacturing jobs if the pact is approved. In an announcement that coincided with a visit by Obama to Nike’s Oregon headquarters, the company said footwear tariff relief within the proposed 12-nation Trans Pacific Partnership trade agreement would allow it to speed up investment in “advanced footwear manufacturing” in the United States. Obama is pressing the U.S.
8 May, 2015 by The TZ Newswire Staff Comments Off on Alibaba has a new CEO, but it’s still Jack’s house
Alibaba has a new CEO, but it’s still Jack’s house
When Alibaba Group Holding Ltd’s (BABA.N) eccentric founder Jack Ma stepped down as CEO two years ago, he declared “the Internet belongs to young people,” and promised that most of the company’s leaders born in the 1960s would soon retreat from management. On Thursday, that transition at the e-commerce behemoth appeared complete as Ma trumpeted the appointment of a fresh chief executive, Daniel Zhang, born in 1972, as part of a broader reshuffle.
8 May, 2015 by The TZ Newswire Staff Comments Off on Market Snapshot: U.S. stocks: A cautious move higher as big jobs data looms
Market Snapshot: U.S. stocks: A cautious move higher as big jobs data looms
Stock futures inch up as investors wait on jobs data to provide new clues about the next possible hike in U.S.