22 July, 2015 by The TZ Newswire Staff Comments Off on Tech rally uraveling with Apple poised for $50 billion slump
Tech rally uraveling with Apple poised for $50 billion slump
The biggest technology rally since October was knocked cold, as disappointing earnings reports punished Microsoft and left Apple in danger of its worst-ever loss of market value.
22 July, 2015 by The TZ Newswire Staff Comments Off on Tsipras rallies troops ahead of Greek reform vote
Tsipras rallies troops ahead of Greek reform vote
The Greek parliament is due to vote Wednesday on a second set of reforms demanded by its lenders, if it is to receive a third bailout package.
22 July, 2015 by The TZ Newswire Staff Comments Off on Oil prices fall on unexpected rise in U.S. crude stocks
Oil prices fall on unexpected rise in U.S. crude stocks
Oil prices fell on Wednesday after an unexpected rise in U.S. crude stocks, adding to a picture of global oversupply that has dragged down values over the past year. Industry data released on Tuesday by the American Petroleum Institute (API) showed crude inventories at the Cushing, Oklahoma hub rose 2.3 million barrels last week, compared with analyst expectations for a decrease of the same volume. “The U.S. crude oil stocks build reported by the API last night is weighing on prices,” said Tamas Varga, analyst at London brokerage PVM Oil Associates.
22 July, 2015 by The TZ Newswire Staff Comments Off on Amazon expands local services marketplace in U.S. cities
Amazon expands local services marketplace in U.S. cities
Amazon said on Wednesday it would expand a marketplace that offers services from plumbing to fence repairs in 15 cities and help customers find contractors for more expensive home projects as it develops its role as a middleman for third-party vendors. The e-commerce giant said it now had more than 15 million unique services offered through its home services marketplace, up from 2 million when it launched in March. Home services are a new frontier for Amazon, pitting the company against consumer review sites Yelp Inc and Angie’s List Inc as well as U.S.
22 July, 2015 by The TZ Newswire Staff Comments Off on Back home, Walker’s economic development agency in disarray
Back home, Walker’s economic development agency in disarray
The economic development agency Gov. Scott Walker created to entice a quarter-million jobs to come to Wisconsin ended up with lots of unwanted baggage: allegations of botched underwriting, ineffectiveness …
22 July, 2015 by The TZ Newswire Staff Comments Off on Bank of England minutes show ‘a number’ of rate-setters edging towards hike
Bank of England minutes show ‘a number’ of rate-setters edging towards hike
Bank of England policymakers voted unanimously to keep interest rates on hold earlier this month but there were signs that more of them were edging closer to pushing for a first hike since before the financial crisis. Minutes of the Monetary Policy Committee’s meeting, which ended on July 8, showed its members voted 9-0 to leave rates at their record low of 0.5 percent. “For all MPC members, the policy decision this month was clear cut,” according to the minutes which were published on Wednesday.
22 July, 2015 by The TZ Newswire Staff Comments Off on Clinton raising money in finance sector as she raps industry
Clinton raising money in finance sector as she raps industry
Hillary Rodham Clinton’s economic agenda targets companies that focus on short-term profits and high-speed trading instead of investing in workers. The Democratic presidential candidate’s finance operation …