3 August, 2015 by The TZ Newswire Staff Comments Off on Citigroup under investigation over student-loan servicing
Citigroup under investigation over student-loan servicing
Citigroup Inc. is being investigated over its student-loan servicing practices in a probe that the bank said echoes an enforcement action against at least one other institution. Citigroup, which didn’t disclose which regulatory agency is involved, is cooperating with the probe, the New York-based firm said Monday in a filing. The investigation may result in penalties or having the bank offer restitution to customers, Citigroup said.
3 August, 2015 by The TZ Newswire Staff Comments Off on US construction spending rose a slight 0.1 percent in June
US construction spending rose a slight 0.1 percent in June
U.S. construction spending increased in June by the smallest amount in five months as a big drop in nonresidential building activity offset a third straight increase in home building. Construction spending …
3 August, 2015 by The TZ Newswire Staff Comments Off on US manufacturing growth slows in July
US manufacturing growth slows in July
U.S. factories were a little less busy last month. The Institute of Purchasing Managers’ manufacturing index slipped to 52.7 last month from 53.5 in June. Economists had expected the index to remain unchanged. …
3 August, 2015 by The TZ Newswire Staff Comments Off on How Netflix is eating big media’s lunch: Greenfield
How Netflix is eating big media’s lunch: Greenfield
The forces undermining traditional media are being exploited by Netflix, media analyst Rich Greenfield tells CNBC.
3 August, 2015 by The TZ Newswire Staff Comments Off on Teekay LNG Partners Was Creamed in July — Here’s Why
Teekay LNG Partners Was Creamed in July — Here’s Why
Teekay LNG Partners stock declined by a whopping 15% in July as overseas liquified natural gas prices continued to decline. Is this dip your opportunity to snag a high-yield bargain or a warning to stay away?
3 August, 2015 by The TZ Newswire Staff Comments Off on Tom Cruise, ‘Mission: Impossible’ demolish box office expectations
Tom Cruise, ‘Mission: Impossible’ demolish box office expectations
The film, distributed by Viacom’s Paramount Pictures, opened to $56 million at the box office over the weekend, exceeding all expectations.
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3 August, 2015 by The TZ Newswire Staff Comments Off on ITG Drops CEO Gasser In Wake of Dark Pool Fine
ITG Drops CEO Gasser In Wake of Dark Pool Fine
The troubled broker-dealer has named E-Trade veteran Jared Lilien as interim CEO in the wake of a dark pool scandal that could cost the broker $20.3 million.