12 May, 2015 by The TZ Newswire Staff Comments Off on Verizon’s top goal with AOL: mobile video advertising
Verizon’s top goal with AOL: mobile video advertising
Verizon Communications has made clear what it hopes to gain with the $4.4 billion purchase of AOL: a better way to sell mobile video ads. AOL, ridiculed for its continuing dial-up Internet business, has in the last few years assembled a set of cutting-edge online video technology tools to buy and sell ads automatically in real-time, measure audience metrics and specifically target users based on their preferences. Verizon, meanwhile, has more than 100 million wireless customers and plans to launch a mobile video service that could be ad-supported.
12 May, 2015 by The TZ Newswire Staff Comments Off on Fed mulled supporting triparty repo market in a U.S. default: source
Fed mulled supporting triparty repo market in a U.S. default: source
The Federal Reserve investigated how it could keep a massive short term lending market from freezing up if America defaulted on its debt, according to a person familiar with planning that was done by the New York Fed. The person, who asked not to be identified, told Reuters on Tuesday that officials researched whether they could lend support to the triparty repo market, which is one of the pillars of short-term lending on Wall Street. The comments follow the revelation on Monday that congressional staff had seen documents on the Fed’s planning for how to manage a sovereign debt default.
12 May, 2015 by The TZ Newswire Staff Comments Off on Exclusive: Cablevision to drop $1 bid for NY Daily News – source
Exclusive: Cablevision to drop $1 bid for NY Daily News – source
It was one dollar too much for Cablevision Systems Corp (CVC.N). The cable company is planning to pull out of the auction process for the New York Daily News after spending hundreds of hours analyzing a potential deal, according to a person familiar with the matter. Cablevision had bid just $1 for the tabloid newspaper in March, Reuters reported at the time. Cablevision, which owns the Long Island, N.Y.-based newspaper Newsday, could not justify paying even $1 for New York Daily News because of its poor financial condition and prospects, the person said.
12 May, 2015 by The TZ Newswire Staff Comments Off on New BMW chief Krueger takes charge as tech challenges mount
New BMW chief Krueger takes charge as tech challenges mount
Harald Krueger takes over as CEO of BMW (BMWG.DE) after the group’s annual shareholders’ meeting on Wednesday, a job needing nerves of steel, or maybe carbon fiber given recent trends, as the company battles to keep its lead over Mercedes and Audi. Under outgoing chief executive Norbert Reithofer, BMW invested between 1.5 billion euros ($1.7 billion) and 2 billion to develop carbon-fiber electric and hybrid cars, according to analysts’ estimates.
12 May, 2015 by The TZ Newswire Staff Comments Off on GM recalling more than half million Malibu sedans, pickup trucks
GM recalling more than half million Malibu sedans, pickup trucks
General Motors Co (GM.N) will recall about 522,000 vehicles, including Chevrolet Malibus and two pickup truck models, due to two different issues, the company said on Tuesday. A single “minor” injury and no deaths or crashes have been reported in relation to the vehicles, GM said. It said 468,887 Chevrolet Malibu sedans from model years 2011 and 2012 in North America will be recalled because a steel cable that connects to the safety belt can separate. Most of those vehicles are in the United States, and some in Canada and Mexico.
12 May, 2015 by The TZ Newswire Staff Comments Off on Futures Movers: Oil extends gains, trades near year high
Futures Movers: Oil extends gains, trades near year high
The reversal in the greenback has been a key catalyst for the run-up in oil prices since April, says Morgan Stanley’s Adam Longson.
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12 May, 2015 by The TZ Newswire Staff Comments Off on Europe Preparing Greek Bankruptcy Loan "In Event Of Grexit"
Europe Preparing Greek Bankruptcy Loan "In Event Of Grexit"
Earlier today, we learned that, contrary to what Greek government officials had been implying for the better part of a week, Athens did not have enough money to make a €750 million payment to the IMF on Tuesday. Instead, Greece borrowed most of the money (€650 million according to unnamed officials) from its IMF SDR reserves. This money must be paid back within 30 days.