22 July, 2015 by The TZ Newswire Staff Comments Off on Fannie Mae sells $500 million bills at higher rates
Fannie Mae sells $500 million bills at higher rates
Fannie Mae , the largest U.S. home funding source, said on Wednesday it sold $500 million of benchmark bills at higher interest rates compared with last week’s sale of similar maturities. Fannie Mae said …
22 July, 2015 by The TZ Newswire Staff Comments Off on OPEC sees oil drop as short-term, expects stronger demand: delegates
OPEC sees oil drop as short-term, expects stronger demand: delegates
LONDON/DUBAI (Reuters) – A drop in oil prices this month is likely to be short-term and will not deflect OPEC from its policy of keeping output high to defend market share, delegates from Gulf OPEC members and other nations said. OPEC, in a major policy shift, decided in November against cutting its production target of 30 million barrels per day (bpd) to prop up prices, seeking instead to defend market share against U.S. shale oil and other competing sources. “I don’t think so, it is not time for OPEC to change,” said a Gulf OPEC delegate.
22 July, 2015 by The TZ Newswire Staff Comments Off on Home Depot to buy Interline Brands for $1.63 bln
Home Depot to buy Interline Brands for $1.63 bln
Home Depot Inc said it agreed to buy home repair and maintenance product seller Interline Brands Inc for $1.63 billion. The all-cash deal is expected to be completed in Home Depot’s quarter ending Nov. …
22 July, 2015 by The TZ Newswire Staff Comments Off on NRF lowers 2015 retail sales forecast citing slow first half
NRF lowers 2015 retail sales forecast citing slow first half
The National Retail Federation, the biggest U.S. retail association, cut its forecast for retail sales growth in the country this year, citing an unexpected slowdown in growth in the first half of the year. The NRF now expects U.S. retail sales to grow 3.5 percent in 2015, lower than the 4.1 percent growth it forecast in February. ” … A deflationary retail environment has been especially challenging for retailers’ bottom lines,” NRF Chief Economist Jack Kleinhenz said in a statement.
22 July, 2015 by The TZ Newswire Staff Comments Off on Wall St. falls after Apple results disappoint
Wall St. falls after Apple results disappoint
U.S. stocks fell in early trading on Wednesday, with the tech-heavy Nasdaq composite falling more than 1 percent after disappointing results from technology giants including Apple, the world’s largest …
22 July, 2015 by The TZ Newswire Staff Comments Off on Uber blasts NYC mayor’s ‘artificial cap’ on drivers
Uber blasts NYC mayor’s ‘artificial cap’ on drivers
Uber’s NYC general manager tells CNBC: “This isn’t about progressive politics. This is about contribution politics,” an allegation dismissed by the mayor’s office.
22 July, 2015 by The TZ Newswire Staff Comments Off on Intuitive Surgical, Inc. Just Wowed Wall Street in This Key Area
Intuitive Surgical, Inc. Just Wowed Wall Street in This Key Area
Intuitive not only beat expectations for procedures but raised guidance as well.