9 June, 2015 by The TZ Newswire Staff Comments Off on Frontrunning: June 9
Frontrunning: June 9
9 June, 2015 by The TZ Newswire Staff Comments Off on America’s shale oil boom is grinding to a halt
America’s shale oil boom is grinding to a halt
The shale oil boom that turned the U.S. into the world’s largest fuel exporter and brought $3 gasoline back to America’s pumps is grinding to a halt.
9 June, 2015 by The TZ Newswire Staff Comments Off on HSBC to cut 25,000 jobs, slash billions from costs
HSBC to cut 25,000 jobs, slash billions from costs
HSBC will cut costs by as much as $5 billion within two years, laying off as many as 25,000 staff, the banking behemoth has told investors in a much-anticipated update.
9 June, 2015 by The TZ Newswire Staff Comments Off on GE takes big step away from banking with $12 billion deal
GE takes big step away from banking with $12 billion deal
General Electric will sell its private equity business in a deal valued at about $12 billion as it refocuses on its core businesses and exits a banking sector now under stricter oversight. The U.S. Sponsor …
9 June, 2015 by The TZ Newswire Staff Comments Off on Snoop Dogg sues beer-maker Pabst over sale profits
Snoop Dogg sues beer-maker Pabst over sale profits
Snoop Dogg sued Pabst Brewing Co. on Monday, claiming the beer-maker owes him a portion of its proceeds from the company’s sale last year. The breach-of-contract lawsuit seeks 10 percent of the net sales …
9 June, 2015 by The TZ Newswire Staff Comments Off on Small Chinese investors flying blind in latest market boom
Small Chinese investors flying blind in latest market boom
Li Haitao, a 24-year-old employee at a steel trading company, did no research last June before he joined a stampede of novice investors into China’s surging stock market. He paid for his risk-taking. “I …
9 June, 2015 by The TZ Newswire Staff Comments Off on Lululemon’s quarterly profit jumps
Lululemon’s quarterly profit jumps
Canadian yogawear retailer Lululemon Athletica Inc’s quarterly profit more than doubled, helped by a 6 percent rise in total comparable-store sales on a constant-dollar basis. The company said earnings …