29 May, 2015 by The TZ Newswire Staff Comments Off on Europe Markets: European stocks drop as Greek drama stays in the spotlight
Europe Markets: European stocks drop as Greek drama stays in the spotlight
European stocks fall Friday, with investors wrapping up the week still unclear as to whether Greece and its creditors will be able to reach a deal over the country’s debt.
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29 May, 2015 by The TZ Newswire Staff Comments Off on Oil gains 1 percent on U.S. inventory drop
Oil gains 1 percent on U.S. inventory drop
Crude oil prices rose around 1 percent on Friday after U.S. inventories fell for a fourth straight week, although prices were set for a weekly drop on a stronger dollar. Oil saw steep falls earlier this week as a resurgent dollar weighed on the market amid concerns U.S. crude supplies may have started rising again after three weeks of draws. North Sea Brent crude has shed more than 3 percent this week, its second straight weekly loss, while U.S. crude is set to end a record weekly winning streak with a loss of more than 2 percent.
29 May, 2015 by The TZ Newswire Staff Comments Off on Unrepentant Lehman ex-CEO Fuld says firm ‘was not bankrupt’
Unrepentant Lehman ex-CEO Fuld says firm ‘was not bankrupt’
Six years, seven months and 13 days after Lehman Brothers Holdings Inc filed for bankruptcy, its former chief executive, Richard Fuld Jr., is still insisting it did not go broke. “Lehman Brothers in 2008 was not a bankrupt company,” Fuld said at a conference in Manhattan on Thursday, his first such public appearance since the financial crisis for which Lehman’s massive Chapter 11 filing marked a tipping point.
29 May, 2015 by The TZ Newswire Staff Comments Off on Japan’s Skymark submits bankruptcy plan despite creditor opposition
Japan’s Skymark submits bankruptcy plan despite creditor opposition
Japan’s failed budget carrier Skymark Airlines Inc submitted a restructuring plan for court approval on Friday despite opposition from the two main creditors owed about two-thirds of its roughly 300 billion …
29 May, 2015 by The TZ Newswire Staff Comments Off on Outside the Box: This is how J.P. Morgan, Citigroup and other banks can get real about ethics
Outside the Box: This is how J.P. Morgan, Citigroup and other banks can get real about ethics
Step one: Get rid of the corporate social responsibility department, writes David Melancon.
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29 May, 2015 by The TZ Newswire Staff Comments Off on Mark Hulbert: This typical sign of a stock market bubble is misleading
Mark Hulbert: This typical sign of a stock market bubble is misleading
The slow IPO market may be providing false comfort, writes Mark Hulbert.
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29 May, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Moody’s upgrades four top U.S. banks
The Wall Street Journal: Moody’s upgrades four top U.S. banks
Morgan Stanley, Goldman Sachs, Bank of America, and Citigroup receive upgrades from Moody’s as part of the rating agency broader review of the largest global banks.