21 July, 2015 by The TZ Newswire Staff Comments Off on Grexit debate down but not out, Argentina lessons remain
Grexit debate down but not out, Argentina lessons remain
When it is – be that in two months or two years – the lessons from Argentina are sure to be revisited. Argentina’s $100 billion default in 2001 was the largest in history. It yanked the peso from its peg to the dollar and resulted in a 75 percent devaluation.
21 July, 2015 by The TZ Newswire Staff Comments Off on Herbalife files petition to seek user information from Twitter
Herbalife files petition to seek user information from Twitter
The petition for “discovery before suit” seeks to identify the person against whom a lawsuit can be filed. Herbalife said it wants Twitter to provide information such as IP addresses and account details of the user who vilified the company and its management as “thieves, pill pushing frauds and bullies”.
21 July, 2015 by The TZ Newswire Staff Comments Off on Microsoft posts record loss as it writes down Nokia
Microsoft posts record loss as it writes down Nokia
The company took a charge of $7.5 billion in the fourth quarter related to the restructuring of its Nokia handset business, which it bought last year. Microsoft’s shares fell 4 percent to $45.38 in extended trading on Tuesday. Under Chief Executive Satya Nadella, the company has been shifting its focus to software and cloud services as demand for its once-popular Windows operating system slows.
21 July, 2015 by The TZ Newswire Staff Comments Off on Spending cuts fuel government contractor M&A
Spending cuts fuel government contractor M&A
NEW YORK/WASHINGTON (Reuters) – Companies that provide the U.S. government with services ranging from air traffic management and data analytics to janitors and trainers for military dolphins are increasingly trying to find buyers for those businesses as cuts in public spending erode profit margins. Showing growing impatience with a declining sector, Lockheed Martin Corp (LMT.N) said earlier this week that it plans to sell or spin off information technology and services businesses that generate $6 billion a year in revenue.
21 July, 2015 by The TZ Newswire Staff Comments Off on Market Extra: Gold isn’t even close to being the biggest loser among commodities
Market Extra: Gold isn’t even close to being the biggest loser among commodities
Gold’s sharp selloff is garnering headlines.
21 July, 2015 by The TZ Newswire Staff Comments Off on Apple reaction: Shares fall 7% after weak forecast
Apple reaction: Shares fall 7% after weak forecast
Squawk Box Live in Europe will give you all the reaction to Apple’s latest earnings report
21 July, 2015 by The TZ Newswire Staff Comments Off on Goldman Said to Upgrade Dark Pool, Exit Wholesale Market-Making
Goldman Said to Upgrade Dark Pool, Exit Wholesale Market-Making
Goldman Sachs Group Inc. is upgrading its Sigma X dark pool, winding down a retail market-making operation and hiring an executive for Europe as the bank overhauls its equity electronic-execution business.