15 May, 2015 by The TZ Newswire Staff Comments Off on China Creates Perpetual Leverage Machine After Dropping Debt Directive
China Creates Perpetual Leverage Machine After Dropping Debt Directive
China is in a tough spot and it’s starting to show up in what look like contradictory policy decisions. The problem — as discussed at length in “How China’s Banks Hide Trillions In Credit Risk” and in “China’s Shadow Banking Grinds To A Halt As Bad Debt Surges” — goes something like this.
15 May, 2015 by The TZ Newswire Staff Comments Off on S&P 500 sets record despite weak data; Netflix leaps 4.5%
S&P 500 sets record despite weak data; Netflix leaps 4.5%
U.S. stocks closed narrowly mixed in choppy trade on Friday, as disappointing data weighed on investor sentiment amid dollar declines and lower bond yields
15 May, 2015 by The TZ Newswire Staff Comments Off on All hail Ken Griffin, the new hedge fund king
All hail Ken Griffin, the new hedge fund king
Seven years removed from a near-death experience during the financial crisis, Ken Griffin’s Citadel is more powerful than ever.
15 May, 2015 by The TZ Newswire Staff Comments Off on Buffett’s Berkshire adds to favourites IBM, Wells Fargo
Buffett’s Berkshire adds to favourites IBM, Wells Fargo
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Friday said it has boosted its holdings in some of the billionaire’ s favourite companies, including Wells Fargo & Co …
15 May, 2015 by The TZ Newswire Staff Comments Off on American Apparel sues Charney for violating standstill agreement
American Apparel sues Charney for violating standstill agreement
Apparel retailer American Apparel Inc sued its ousted chief executive Dov Charney for violating his standstill agreement with the company. The company said on Friday it has filed a suit with the Delaware …
15 May, 2015 by The TZ Newswire Staff Comments Off on Wal-Mart presses case for repairs at stores in labor dispute
Wal-Mart presses case for repairs at stores in labor dispute
Wal-Mart’s move last month to temporarily close the stores triggered a union-backed complaint to the National Labor Relations Board that is still pending. In the complaint, the United Food and Commercial Workers International Union accused Wal-Mart of using plumbing problems as an excuse to close a store in Pico Rivera, California, in retaliation against workers who have been active in attempts to organize for better pay and benefits.
15 May, 2015 by The TZ Newswire Staff Comments Off on Nomura, RBS must pay $806 mln in mortgage bond case-U.S. judge
Nomura, RBS must pay $806 mln in mortgage bond case-U.S. judge
A U.S. judge on Friday ordered Nomura Holdings Inc and Royal Bank of Scotland Group Plc to pay a collective $806 million for making false statements in selling mortgage-backed securities to Fannie Mae …