13 July, 2015 by The TZ Newswire Staff Comments Off on Delta offers to invest in Japan’s bankrupt Skymark Airlines: media
Delta offers to invest in Japan’s bankrupt Skymark Airlines: media
The move has the potential to increase competition in Japan by allowing Delta to funnel international travelers via Tokyo to more Japanese cities that Skymark serves. A deal would give Delta a roughly 20-percent stake, although terms must still be concluded and approved by Skymark’s creditors, according to the report by Nikkei Asian Review. A Delta spokeswoman said, “It would be premature for us to comment on the matter.” Delta’s President Ed Bastian said last month that the Atlanta-based airline had been approached about making the investment.
13 July, 2015 by The TZ Newswire Staff Comments Off on Dewey executives cooked books, ex-finance director says at trial
Dewey executives cooked books, ex-finance director says at trial
Former top executives at defunct law firm Dewey & LeBoeuf, including chairman Steven Davis, conspired to falsify income statements in an attempt to forestall its collapse in 2012, the firm’s former finance director testified Monday. Francis Canellas, a key prosecutorial witness at the criminal trial of Davis, executive director Stephen DiCarmine and chief financial officer Joel Sanders, said all three were aware of improper accounting tricks intended to fool auditors about Dewey’s true financial state.
13 July, 2015 by The TZ Newswire Staff Comments Off on Stock market rout another blow to fading ‘Chinese Dream’
Stock market rout another blow to fading ‘Chinese Dream’
CHANGZHOU/WENZHOU, China (Reuters) – About a week after Shanghai’s main stock index broke above 4,000 points in April, the leading newspaper of China’s ruling Communist Party weighed in with patriotic glee. In the longer term, it continued, the “Chinese Dream” of rising prosperity and security championed by President Xi Jinping would be reflected in capital markets, creating “huge” investment opportunities.
13 July, 2015 by The TZ Newswire Staff Comments Off on Greenlight’s Einhorn says Micron ‘will be worth more than’ Netflix
Greenlight’s Einhorn says Micron ‘will be worth more than’ Netflix
Billionaire hedge fund manager David Einhorn said in an investor letter on Monday that chipmaker Micron Technology Inc (MU.O) would be worth more than Netflix Inc (NFLX.O) within the next few years. “Our long-term outlook is that sometime in the next few years, MU … will be worth more than NFLX,” Einhorn said. Micron’s market capitalization is less than half that of Netflix, at about $19.1 billion, compared with Netflix’s $42.9 billion after the close of trading on Monday.
13 July, 2015 by The TZ Newswire Staff Comments Off on Greek latest: Political wrangling begins after deal
Greek latest: Political wrangling begins after deal
Squawk Box Live in Europe will keep you updated with all the developments surrounding Greece.
13 July, 2015 by The TZ Newswire Staff Comments Off on Asia Markets: China gains slow but steady
Asia Markets: China gains slow but steady
China made moderate gains Tuesday, and shares elsewhere in Asia rose, as Beijing’s moves to shore up the market appear to be sticking.
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13 July, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: New York agrees to pay family of Eric Garner $5.9 million
The Wall Street Journal: New York agrees to pay family of Eric Garner $5.9 million
New York City agrees to pay the estate of Eric Garner $5.9 million to settle a lawsuit over his death after he was placed in a chokehold by a New York Police Department officer.
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