19 June, 2015 by The TZ Newswire Staff Comments Off on Cities, States Shun Moody’s For Blowing The Whistle On Pension Liabilities
Cities, States Shun Moody’s For Blowing The Whistle On Pension Liabilities
A little over a month ago, Moody’s downgraded the city of Chicago to junk, triggering over $2 billion in accelerated payment rights for creditors and complicating an effort by Mayor Rahm Emanuel to refinance some $900 million in floating rate debt and borrow another $200 million to pay off the related swaps.
19 June, 2015 by The TZ Newswire Staff Comments Off on Debt: War And Empire By Other Means
Debt: War And Empire By Other Means
This video below may help one to understand some of the seemingly obtuse demands from the Troika with regard to Greece.
19 June, 2015 by The TZ Newswire Staff Comments Off on Exclusive: Advanced Micro Devices mulling breakup, spinoff – sources
Exclusive: Advanced Micro Devices mulling breakup, spinoff – sources
The review highlights Chief Executive Lisa Su’s determination to consider every possible option to turn the company around. Su, however, who took over as CEO last October, judged that there is merit for the company to at least consider such a possibility again, the people added. AMD, which has a market capitalization of around $2 billion, has competed with much larger Intel since the 1980s, and at times has made inroads with its PC and server chips.
19 June, 2015 by The TZ Newswire Staff Comments Off on Wall St falls as Greek deadline looms; indexes up for week
Wall St falls as Greek deadline looms; indexes up for week
As bank withdrawals across Greece ballooned to about 4.2 billion euros this week, the European Central Bank boosted its emergency funding for Greek banks. Friday’s decline in stocks “has to do with the meeting on Monday,” said King Lip, chief investment officer at Baker Avenue Asset Management in San Francisco. The Dow Jones industrial average (.DJI) fell 101.56 points, or 0.56 percent, to 18,014.28, the S&P 500 (.SPX) lost 11.48 points, or 0.54 percent, to 2,109.76 and the Nasdaq Composite (.IXIC) dropped 15.95 points, or 0.31 percent, to 5,117.00.
19 June, 2015 by The TZ Newswire Staff Comments Off on Investors eye improvements in data for housing stocks
Investors eye improvements in data for housing stocks
On Monday, the National Association of Realtors is expected to report strong growth in existing home sales for May. On Wednesday, Lennar (LEN.N), the No. 2 U.S. homebuilder is expected to report that it had a strong second quarter. U.S. permits for future home construction surged to a near eight-year high in May, a sign of a buildup of momentum, but housing starts fell. Broadly, shares of housing stocks have reflected this.
19 June, 2015 by The TZ Newswire Staff Comments Off on Billionaire investor Icahn says ‘no’ to Trump’s Treasury offer
Billionaire investor Icahn says ‘no’ to Trump’s Treasury offer
Billionaire investor Carl Icahn said thanks but no thanks when real estate mogul turned Republican presidential candidate Donald Trump floated his name for U.S. Treasury secretary. “I am flattered but do not get up early enough in the morning to accept this opportunity,” Icahn, 79, said in a public statement one day after Trump, 69, told cable station MSNBC that Icahn could be a dream Treasury pick if he wins the White House in the 2016 presidential election.
19 June, 2015 by The TZ Newswire Staff Comments Off on Comcast founder, cable industry leader Ralph Roberts dies at 95
Comcast founder, cable industry leader Ralph Roberts dies at 95
Roberts, who set up Comcast after he bought a small cable television operator in Tupelo, Mississippi in 1963, died of natural causes in Philadelphia, Comcast said in a statement. From selling ads to golf clubs and men’s accessories in his early years, Roberts ambitiously ventured into America’s fledgling cable industry.