4 June, 2015 by The TZ Newswire Staff Comments Off on Wal-Mart resists investor pressure on independent chairman
Wal-Mart resists investor pressure on independent chairman
BENTONVILLE, Arkansas/BOSTON (Reuters) – Even as Wal-Mart Stores Inc showed unusual openness to outsiders’ complaints by taking steps including raising wages, it has been trying to slam the door on a shareholder proposal that could weaken the founding Walton family’s power over its board. The investors are pushing hard for changes in how the world’s No. 1 retailer governs itself, seeking to install an independent chairman. Crucial to the debate will be the stance of BlackRock Inc, Wal-Mart’s No.
4 June, 2015 by The TZ Newswire Staff Comments Off on China shares top 5,000 point level, bonds try to steady
China shares top 5,000 point level, bonds try to steady
Elsewhere, the mood was very subdued with MSCI’s broadest index of Asia-Pacific shares outside Japan down a slim 0.3 percent. Japan’s Nikkei 225 (.N225) and shares in South Korea (.KS11) lost 0.1 percent.
4 June, 2015 by The TZ Newswire Staff Comments Off on Disenchanted Chinese tech companies plot escape from New York
Disenchanted Chinese tech companies plot escape from New York
Chinese tech firms have fallen out of love with America, and it shows – a growing number of them are looking to drop their listings in New York and head back home. Many Chinese tech executives are betting on higher share valuations in China where stock markets have recently caught fire. Last year, the $25 billion IPO of e-commerce giant Alibaba – the world’s largest initial public offering ever – generated more than $300 million in fees.
4 June, 2015 by The TZ Newswire Staff Comments Off on SEC probing whether activist investors secretly acted jointly: source
SEC probing whether activist investors secretly acted jointly: source
The U.S. Securities and Exchange Commission is investigating whether some activist investors secretly acted jointly to target companies, one hedge fund industry source said. The SEC’s enforcement division …
4 June, 2015 by The TZ Newswire Staff Comments Off on Meet The NSAC – The US Government’s Shadow Spy Agency
Meet The NSAC – The US Government’s Shadow Spy Agency
Just when you thought you knew what the government’s spy state was up to – thanks to Ed Snowden’s heroics – along comes the National Security Analysis Cneter (NSAC). As PhaseZero exposes, they are not who you think they are. They are not the NSA or the CIA.
4 June, 2015 by The TZ Newswire Staff Comments Off on 40 Million People Will Be Out Of Work Next Year, OECD Warns
40 Million People Will Be Out Of Work Next Year, OECD Warns
While today’s IMF cut in US growth estimates served merely to reestablish long positions in the long end of the curve and to serve as a basis for this quarter’s IMF “comedy of errors” update, a more concerning update was presented by the far more credible OECD whose latest forecast is truly troubling for all those who claim the global economy is in a recovery.
4 June, 2015 by The TZ Newswire Staff Comments Off on Euro pulls away from highs ahead of US jobs data
Euro pulls away from highs ahead of US jobs data
The euro pulled away from a more than two-week high against the dollar, as investors await the U.S. non-farm payrolls report later.