21 May, 2015 by The TZ Newswire Staff Comments Off on Why Shares of Youku Tudou Inc. Jumped Today
Why Shares of Youku Tudou Inc. Jumped Today
Rapid revenue growth sent the stock soaring, despite exploding losses.
21 May, 2015 by The TZ Newswire Staff Comments Off on Weekend Sip: A non-alcoholic beer that tastes like…beer
Weekend Sip: A non-alcoholic beer that tastes like…beer
Drink this non-alcoholic beer if you’re driving Memorial Day weekend.
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21 May, 2015 by The TZ Newswire Staff Comments Off on Shake Shack is considering a Chick-fil-A killer
Shake Shack is considering a Chick-fil-A killer
Shake Shack is considering the launch of a Chick-fil-A killer, according to a company filing, and has filed an application to trademark the name “chicken shack.”
21 May, 2015 by The TZ Newswire Staff Comments Off on Lumber Liquidators CEO steps down amid tainted-flooring probe
Lumber Liquidators CEO steps down amid tainted-flooring probe
Lumber Liquidators Holdings Inc., under federal investigation over allegations that it sold toxic flooring, said Chief Executive Officer Robert Lynch unexpectedly resigned from his post. Company founder …
21 May, 2015 by The TZ Newswire Staff Comments Off on U.S. jobless claims rise; four-week average lowest since 2000
U.S. jobless claims rise; four-week average lowest since 2000
The number of Americans filing new claims for unemployment benefits rose slightly more than expected last week, but the underlying trend continued to suggest the labor market was tightening. Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 274,000 for the week ended May 16, the Labor Department said on Thursday. The sturdy labor market keeps the Federal Reserve on track to raise interest rates later this year.
21 May, 2015 by The TZ Newswire Staff Comments Off on Hewlett-Packard sells stake in Chinese unit for $2.3B
Hewlett-Packard sells stake in Chinese unit for $2.3B
Hewlett-Packard is selling a 51 percent stake in its China sever, storage and technology storage unit for about $2.3 billion as it restructures its business in that country. HP says it will sell the controlling …
21 May, 2015 by The TZ Newswire Staff Comments Off on Economic Report: Existing home sales fall as prices race higher
Economic Report: Existing home sales fall as prices race higher
The sales price of existing homes raced higher last month, with annual growth hitting the fastest pace since January 2014.
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