17 July, 2015 by The TZ Newswire Staff Comments Off on Fed proposes tweaks to stress test rules for banks
Fed proposes tweaks to stress test rules for banks
The U.S. Federal Reserve on Friday proposed a rule to make changes to its annual exam of the financial health of the banks it oversees, the so-called stress tests. Banks that are subject to the supplementary leverage ratio – a hard cap on how much they can borrow – would need to incorporate the ratio into their 2017 stress tests.
17 July, 2015 by The TZ Newswire Staff Comments Off on Boeing to take big U.S. tanker charge, says will hit profit
Boeing to take big U.S. tanker charge, says will hit profit
Boeing Co (BA.N) said on Friday it will take a $536 million after-tax charge in its second-quarter results to deal with problems in the fuel system on the KC-46A aerial refueling tanker it is developing for the U.S. Air Force. It said added funds were needed to cover higher costs for development, certification and initial production of the tanker aircraft, while keeping the $49 billion, 179-aircraft program on track for initial deliveries of 18 tankers by August 2017.
17 July, 2015 by The TZ Newswire Staff Comments Off on Cost controls buoy GE, Honeywell amid economic pressures
Cost controls buoy GE, Honeywell amid economic pressures
At a time multinational industrial manufacturers face pressure from foreign currency swings and weak oil and gas markets, GE and Honeywell also showed the benefits of being diversified with pockets of strength in areas such as aerospace. “Any multinational company in this environment is seeing very little organic revenue growth and revenue growth declines when you account for currency weakness,” said Jim Corridore, an equity analyst at S&P Capital IQ. GE shares were up 0.9 percent and Honeywell shares rose 1.7 percent in afternoon trade, outperforming U.S. markets, which weakened slightly.
17 July, 2015 by The TZ Newswire Staff Comments Off on The Bankruptcy Of The Planet Accelerates – 24 Nations Are Currently Facing A Debt Crisis
The Bankruptcy Of The Planet Accelerates – 24 Nations Are Currently Facing A Debt Crisis
17 July, 2015 by The TZ Newswire Staff Comments Off on Nasdaq jumps to another record as Google surges
Nasdaq jumps to another record as Google surges
U.S. stocks closed mixed, but posted solid gains for the week, as strong earnings boosted the Nasdaq to another record high.
17 July, 2015 by The TZ Newswire Staff Comments Off on Bernanke criticizes euro zone’s failures
Bernanke criticizes euro zone’s failures
In a commentary penned for the Brookings Institution, Ben Bernanke criticized the “highly asymmetric outcomes” in the euro zone.
17 July, 2015 by The TZ Newswire Staff Comments Off on Shanghai stock rout invites timely buyout bids for U.S.-listed Chinese firms
Shanghai stock rout invites timely buyout bids for U.S.-listed Chinese firms
A spate of U.S.-listed Chinese companies have received offers to go private by opportunistic executives seizing on depressed stock prices. Investors in e-commerce player Dangdang are speaking out in protest.