22 July, 2015 by The TZ Newswire Staff Comments Off on Donald Trump wealth details released by federal regulators
Donald Trump wealth details released by federal regulators
Federal election regulators released new details Wednesday about Republican presidential candidate and celebrity businessman Donald Trump’s wealth and financial holdings, weeks after he estimated his net …
22 July, 2015 by The TZ Newswire Staff Comments Off on AshleyMadison’s second attempt to go public is in a lot of trouble
AshleyMadison’s second attempt to go public is in a lot of trouble
With its open encouragement of adultery and its tagline “Life is short, have an affair,” website AshleyMadison.com has already scuttled one planned offering of its shares. Over the weekend, hackers said they captured sensitive data — names, addresses, sexual proclivities, and more — about millions of AshleyMadison customers. While Avid Life Media Inc., the Toronto company that owns the site, may have the data breach under control, analysts say the hack exposed the vulnerabilities of the business.
22 July, 2015 by The TZ Newswire Staff Comments Off on Walmart ending overnight hours at some stores
Walmart ending overnight hours at some stores
Wal-Mart Stores Inc. will start closing some of its 24-hour supercenters for at least a few hours each night, aiming to use the time to better stock shelves and organize stores for the peak shopping rush. The move will affect about 40 stores, including those in Philadelphia, New Jersey and Maryland, beginning next week, said spokesman Brian Nick. Chief Executive Officer Doug McMillon is taking the step as part of his drive to improve the shopping experience at Wal-Mart’s U.S. stores, where customers have complained about empty shelves, long checkout lines and poor-quality produce.
22 July, 2015 by The TZ Newswire Staff Comments Off on Puerto Rico left adrift by Washington as bankruptcy bills stall
Puerto Rico left adrift by Washington as bankruptcy bills stall
As California risked being locked out of the credit markets during the recession, officials sought federal loan guarantees to avert deep spending cuts that threatened to cascade through the biggest U.S. state. Washington turned them away. Six years later, as a Puerto Rico agency veers toward a default as soon as Aug. 1, federal officials in the nation’s capital have echoed a refrain heard during recent state and local fiscal crises: Fix the problem on your own.
22 July, 2015 by The TZ Newswire Staff Comments Off on Stonegate first U.S. bank to sign deal with Cuban counterpart
Stonegate first U.S. bank to sign deal with Cuban counterpart
A South Florida bank has become the first from the United States to sign a correspondent banking relationship in Cuba, a potential boost for U.S.-Cuban commerce following newly restored diplomatic relations between the longtime adversaries. Stonegate Bank, which earlier this year became the Cuban government’s bank for its diplomatic mission in the United States, signed a deal with Cuba’s Banco Internacional de Comercio S.A. on Tuesday, a day after the United States and Cuba re-established diplomatic ties that had been severed for 54 years.
22 July, 2015 by The TZ Newswire Staff Comments Off on Costs from regulations pile up, hurt small business profits
Costs from regulations pile up, hurt small business profits
It’s getting more expensive to be an employer and small business owners say that’s making it harder for them to make money. The health care law, minimum wage increases and paid sick leave laws in some …
22 July, 2015 by The TZ Newswire Staff Comments Off on U.S.-based domestic stock funds post biggest outflow since 2011 -ICI
U.S.-based domestic stock funds post biggest outflow since 2011 -ICI
Investors in U.S.-based mutual funds pulled $11.5 billion out of funds that specialize in U.S. shares in the week ended July 15, partly on concerns that higher interest rates could hurt U.S. stocks, data …