3 August, 2015 by The TZ Newswire Staff Comments Off on Stocks On Pace For Lackluster Start; Tyson Foods Tumbles
Stocks On Pace For Lackluster Start; Tyson Foods Tumbles
Stocks were on pace for a flat to slightly higher start Monday amid mixed overseas action. Nasdaq 100 futures were up 5 points vs. fair value, and S&P 500 futures were up less than a point. Futures on the Dow Jones industrial average were up 15 points in the stock market today. The major indexes posted big gains last week, but failed to recoup the bulk of the prior week’s sharp slide.
3 August, 2015 by The TZ Newswire Staff Comments Off on How Apple Inc.’s iPhone Success Is Hurting Qualcomm, Inc.
How Apple Inc.’s iPhone Success Is Hurting Qualcomm, Inc.
Despite being an Apple supplier, Qualcomm is feeling the heat from Apple’s iPhone success.
3 August, 2015 by The TZ Newswire Staff Comments Off on Wall Street on edge as Greek stocks, bumper data eyed
Wall Street on edge as Greek stocks, bumper data eyed
U.S. stock index futures pointed to a flat open on Monday ahead of a busy week of top-tier data, as the Greek stock market opened for the first time in five weeks.
3 August, 2015 by The TZ Newswire Staff Comments Off on Greek stock market reopens with 22 percent plunge
Greek stock market reopens with 22 percent plunge
Greece’s main stock index plunged over 22 percent as it reopened Monday after a five-week closure, giving investors their first opportunity since late June to react to the country’s latest economic crisis. …
3 August, 2015 by The TZ Newswire Staff Comments Off on EU regulators suspend review of Halliburton, Baker Hughes
EU regulators suspend review of Halliburton, Baker Hughes
European Union antitrust regulators have suspended their review of Halliburton Co’s $35 billion bid for oilfield services rival Baker Hughes Inc because the companies have failed to provide sufficient …
3 August, 2015 by The TZ Newswire Staff Comments Off on Legal Costs Hit HSBC Investment Bank Profit
Legal Costs Hit HSBC Investment Bank Profit
HSBC Holdings Plc said first-half profit at its investment bank dropped 5.6 percent as legal expenses overshadowed an increase in revenue from foreign exchange and equities. Pretax profit in global banking and markets, the division that houses the firm’s trading units, fell to $4.75 billion from $5.03 billion in the year-earlier period, the bank said as it reported results Monday. Revenue rose 10 percent to $10.1 billion at the division, paced by a 24 percent increase at its foreign exchange unit, the biggest driver of its markets business, and a 75 percent surge in equities income.
3 August, 2015 by The TZ Newswire Staff Comments Off on German automakers buying Nokia’s HERE map business
German automakers buying Nokia’s HERE map business
A consortium of German automakers Audi, BMW and Daimler announced Monday it is buying Nokia Corp.’s HERE map business in a deal that values the unit at 2.8 billion euros ($3.1 billion) and secures their …