21 July, 2015 by The TZ Newswire Staff Comments Off on Futures Movers: Oil falls on surprise rise in U.S. inventories
Futures Movers: Oil falls on surprise rise in U.S. inventories
The glut in global oil markets remains bearish for oil prices, although latest figures show China’s oil demand growth remains strong.
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21 July, 2015 by The TZ Newswire Staff Comments Off on Why U.S. Consumers Aren’t Spending
Why U.S. Consumers Aren’t Spending
21 July, 2015 by The TZ Newswire Staff Comments Off on Asian shares wilt in shadow of Wall Street’s earnings woes
Asian shares wilt in shadow of Wall Street’s earnings woes
Asian stocks skidded on Wednesday after weak earnings dragged down U.S. equities, while the dollar was trading just below highs hit earlier this week. S&P 500 mini futures were down about 0.4 percent from …
21 July, 2015 by The TZ Newswire Staff Comments Off on Apple gives weak forecast, shares fall nearly 7 percent
Apple gives weak forecast, shares fall nearly 7 percent
BENGALURU/SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) shares slumped nearly 7 percent in after-hours trading as its fourth-quarter revenue forecast fell short of estimates and it missed some targets for iPhone sales. The forecast overshadowed Apple’s strong sales in China, which more than doubled to $13.23 billion from a year earlier. Apple Chief Financial Officer Luca Maestri said in an interview the results in China were “spectacular” during the quarter and noted plans to open 40 stores there over the next 12 months.
21 July, 2015 by The TZ Newswire Staff Comments Off on FedEx orders 50 Boeing freighters in deal worth $9.97 billion at list prices
FedEx orders 50 Boeing freighters in deal worth $9.97 billion at list prices
FedEx Corp (FDX.N), the world’s largest cargo firm, has signed a deal to buy 50 additional Boeing Co (BA.N) 767-300 freighters in the biggest order ever for the plane, allowing the aircraft maker to extend its production line well into the next decade. FedEx said the aircraft will be delivered by Boeing for its FedEx Express arm over the fiscal years 2018-2023. The latest deal brings FedEx’s firm orders for 767Fs to 106 and extends the company’s drive to modernize its fleet.
21 July, 2015 by The TZ Newswire Staff Comments Off on Citi ordered to pay $770 million over credit card practices
Citi ordered to pay $770 million over credit card practices
The CFPB, set up under the 2010 Dodd-Frank Act aimed at reforming Wall Street, has been cracking down in recent years on credit card companies offering payment protection, credit score tracking and other add-on products. Citi will also pay civil penalties of $35 million each to the consumer finance watchdog and the Office of the Comptroller of the Currency. The settlement is the CFPB’s tenth such case, Director Richard Cordray said in a statement on Tuesday.
21 July, 2015 by The TZ Newswire Staff Comments Off on AT&T nears U.S. approval of $48.5 billion DirecTV merger
AT&T nears U.S. approval of $48.5 billion DirecTV merger
AT&T Inc (T.N) is close to wrapping up its deal to buy DirecTV (DTV.O) as U.S. telecom and antitrust regulators signaled a green light for the $48.5 billion merger that would create the country’s largest pay-TV company. The Federal Communications Commission Chairman Tom Wheeler on Tuesday recommended that the five-member commission vote to approve the merger, and the Justice Department said the deal did not pose a significant risk to competition. AT&T and the FCC have spent recent weeks negotiating the conditions of the deal that combines the No.