20 July, 2015 by The TZ Newswire Staff Comments Off on Evernote taps former Google Glass exec as new CEO
Evernote taps former Google Glass exec as new CEO
Productivity app Evernote announced that Phil Libin will step down as CEO to be replaced with a former Google executive.
20 July, 2015 by The TZ Newswire Staff Comments Off on Trading Fast and Slow Fuels Turbulence in Treasury Market
Trading Fast and Slow Fuels Turbulence in Treasury Market
The chasm in the Treasury market between microsecond traders and comparatively slow-poke humans is making it harder to navigate the $12.7 trillion business, according to Tabb Group LLC.
20 July, 2015 by The TZ Newswire Staff Comments Off on Two top Gawker editors resign to protest story removal
Two top Gawker editors resign to protest story removal
Two top editors at Gawker resigned to protest a decision to pull a story about a media executive seeking to pay for sex.
20 July, 2015 by The TZ Newswire Staff Comments Off on Metals Stocks: Gold, silver trade near five-year lows in Asia
Metals Stocks: Gold, silver trade near five-year lows in Asia
A test of $1,000-an-ounce for gold could be on its way, says commodity strategists as prices of precious and base metals continued to struggle on Tuesday.
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20 July, 2015 by The TZ Newswire Staff Comments Off on Greece submits bill needed to start rescue talks
Greece submits bill needed to start rescue talks
The Greek government submitted legislation to parliament on Tuesday required by its international lenders to start talks on a multi-billion euro rescue package. Prime Minister Alexis Tsipras has until Wednesday night to get those measures adopted in the assembly. It puts into Greek law new European Union rules on propping up failed banks, decreed after the 2008 financial crisis and aimed at shielding taxpayers from the risk of having to bail out troubled lenders.
20 July, 2015 by The TZ Newswire Staff Comments Off on U.S. banks prepare for oil and gas company loans to worsen
U.S. banks prepare for oil and gas company loans to worsen
U.S. banks are setting aside more money to cover bad loans to energy companies after oil prices plunged over the last year, raising the possibility that deteriorating loans could start to weigh on their earnings, some analysts said. Loan credit quality for U.S. banks has been improving since the financial crisis. In the first quarter, 2.49 percent of loans on banks’ books were delinquent, the lowest level since the fourth quarter of 2007, according to the Federal Reserve, which hasn’t released second quarter data.
20 July, 2015 by The TZ Newswire Staff Comments Off on Fed takes tough stance on bond liquidity, downplays market fears
Fed takes tough stance on bond liquidity, downplays market fears
NEW YORK/WASHINGTON (Reuters) – While Wall Street frets over the ability of bond markets to absorb an approaching interest rate rise, the U.S. Federal Reserve has a message for the industry: deal with it. The financial industry worries that when the Fed’s tightening plans take hold, a sell-off in the massive U.S. bond market could ensue, and be exacerbated by a lack of bank buyers willing to jump in. Banks, including primary dealers who act as market makers for U.S.