5 August, 2015 by The TZ Newswire Staff Comments Off on Ackman discloses 7.5 percent stake in Mondelez
Ackman discloses 7.5 percent stake in Mondelez
Pershing Square said its beneficial ownership of 120.3 million shares includes forward purchase contracts and call options. Ackman’s stake is valued at about $5.5 billion based on Mondelez’s closing price on the Nasdaq on Wednesday. “We welcome Pershing Square as investors in our company,” a Mondelez spokeswoman said.
5 August, 2015 by The TZ Newswire Staff Comments Off on Tesla stock falls on wider loss, CEO comments on cash need
Tesla stock falls on wider loss, CEO comments on cash need
Shares of Tesla Motors Inc (TSLA.O) fell about 6 percent on Wednesday after the electric car maker posted a wider quarterly loss and said it may raise more cash to offset heavy spending on expanded production. A recently negotiated credit line can be extended from $500 million to $750 million and should be enough to cover planned investments in California and Nevada factories, Chief Financial Officer Deepak Ahuja told analysts on a conference call. Musk’s previous estimate was the end of this year.
5 August, 2015 by The TZ Newswire Staff Comments Off on U.S. cable TV companies’ shares crushed after Disney disappoints
U.S. cable TV companies’ shares crushed after Disney disappoints
ESPN, which is available only as part of broad cable TV packages, has been seen as a savior of the bundling business model with its line-up of live sports and highlight reels. Disney’s shares fell 9 percent on Wednesday, wiping $18 billion off the company’s market value, a day after it lowered the profit outlook for its cable networks and Chief Executive Bob Iger said ESPN saw “modest” subscriber losses.
5 August, 2015 by The TZ Newswire Staff Comments Off on VW’s new e-Golf model priced in U.S. to compete with Nissan Leaf
VW’s new e-Golf model priced in U.S. to compete with Nissan Leaf
Volkswagen AG’s (VOWG_p.DE) entry-level electric car, the e-Golf SE, will be priced about $4,500 lower than VW’s current lowest-priced electric car, the company said on Wednesday. The lower price for the new 2016 model, to be introduced in part of the U.S. market this fall, is an attempt to compete with the Nissan Motor Co Leaf, which is the U.S. sales leader for fully electric cars, said VW of America in a statement.
5 August, 2015 by The TZ Newswire Staff Comments Off on Final Madoff defendant sentenced to six months in prison
Final Madoff defendant sentenced to six months in prison
Irwin Lipkin, one of Bernard Madoff’s longest-serving employees, was sentenced to six months in prison on Wednesday for falsifying records that helped the imprisoned fraudster carry out his multibillion-dollar …
5 August, 2015 by The TZ Newswire Staff Comments Off on Lexus plans a second ‘flagship’ model to augment LS sedan
Lexus plans a second ‘flagship’ model to augment LS sedan
Toyota Motor Corp’s Lexus brand is planning to launch a second top-of-the-line “flagship” model to accompany a new generation of its LS sedan, the head of the brand’s U.S. operations told Reuters on Wednesday. “We need a flagship. It doesn’t have to be a sedan,” Jeff Bracken, Lexus division general manager, told Reuters on the sidelines of an industry conference.
5 August, 2015 by The TZ Newswire Staff Comments Off on GBP: Trading ‘Super Thursday’ – Views From 10 Major Banks
GBP: Trading ‘Super Thursday’ – Views From 10 Major Banks
Expectations for the Bank of England extravaganza … provided by 10 major banks; & GBP strategy,
with thanks to eFX for putting it together
First, while we expect policy to remain unchanged, we do expect that
two – possibly three – MPC members will have voted for a rate rise. Second,
we expect that the projected path for near-term inflation will be
revised lower as part of the inflation ‘fan chart’, but that the risks
around the central case will no longer be skewed to the downside, on
account of the pick-up in wages.