9 June, 2015 by The TZ Newswire Staff Comments Off on A year later, California drought-relief money is unspent
A year later, California drought-relief money is unspent
More than $320 million that was supposed to be rushed to drought-stricken California communities sits unspent in government bank accounts more than a year after lawmakers voted to use it to provide water, …
9 June, 2015 by The TZ Newswire Staff Comments Off on HSBC to shed 50,000 jobs in quest for higher payouts
HSBC to shed 50,000 jobs in quest for higher payouts
HONG KONG/LONDON (Reuters) – HSBC pledged a new era of higher dividends on Tuesday, laying out plans to slash nearly one in five jobs and shrink its investment bank by a third to combat sluggish growth across its sprawling empire. Chief Executive Stuart Gulliver has made it his mission to boost profits since taking the helm of Europe’s largest bank by assets in 2011 but his efforts have so far been foiled by high compliance costs, fines and low interest rates.
9 June, 2015 by The TZ Newswire Staff Comments Off on U.S. and Swiss banks Société Générale, Berner Kantonalbank reach resolution
U.S. and Swiss banks Société Générale, Berner Kantonalbank reach resolution
WASHINGTON/ZURICH, June 9 (Reuters) – Swiss banks Société Générale Private Banking SA and Berner Kantonalbank AH have agreed to pay the United States multimillion-dollar penalties under a resolution announced on Tuesday by the U.S. Justice Department. Under the department’s Swiss Bank Program, Société Générale will to pay a nearly $17.81 million penalty and Berner Kantonalbank will pay a nearly $4.62 million penalty, U.S. Justice Department officials said in a statement.
9 June, 2015 by The TZ Newswire Staff Comments Off on Meet China’s New ‘Investor’ Class: "It’s A Lot Easier To Make Money From Stocks Than Farmwork"
Meet China’s New ‘Investor’ Class: "It’s A Lot Easier To Make Money From Stocks Than Farmwork"
After a very modest drop last week, outstanding margin trading balances in China have resurged to record highs this week as ‘correction’ dip buyers rampage back into the markets, hopeful of China’s inclusion in (and devastation of) the MSCI indices.
9 June, 2015 by The TZ Newswire Staff Comments Off on Why MaxLinear, Inc. Stock Popped Today
Why MaxLinear, Inc. Stock Popped Today
Is MaxLinear’s jump meaningful? Or just another movement?
9 June, 2015 by The TZ Newswire Staff Comments Off on Billy Graham vs. Wells Fargo over same-sex ad
Billy Graham vs. Wells Fargo over same-sex ad
Wells Fargo stands by an ad featuring a lesbian couple adopting a deaf child that ruffled Billy Graham’s organization.
9 June, 2015 by The TZ Newswire Staff Comments Off on Why Sage Therapeutics Inc. Shares Are Soaring Higher
Why Sage Therapeutics Inc. Shares Are Soaring Higher
Sage Therapeutics Inc has released promising early stage data for SAGE-547 in postpartum depression patients.