24 August, 2015 by The TZ Newswire Staff Comments Off on In Toshiba scandal, the ‘tough as nails’ target setter
In Toshiba scandal, the ‘tough as nails’ target setter
It was this leadership style that propelled the former philosophy student’s rise to the top of Toshiba after an inauspicious start as a local hire in Tehran. Nishida, Toshiba’s president from 2005 to 2009, was at the helm when it began a pattern of “continual inappropriate accounting treatments”, an outside panel of investigators hired by Toshiba concluded in a report released last month.
24 August, 2015 by The TZ Newswire Staff Comments Off on China stocks plunge to eight-month lows before paring losses
China stocks plunge to eight-month lows before paring losses
China’s major stock indexes slumped more than 6 percent to 8-month lows in early trade on Tuesday before paring losses, after a catastrophic Monday that destabilized financial markets around the world. China CSI300 stock index futures (CIFc1) for September fell 2.6 percent to 3,053.4, 78.86 points below the current value of the underlying index. In Hong Kong, the Hang Seng index (.HSI) in Hong Kong reversed early losses and was trading up 1.5 percent.
24 August, 2015 by The TZ Newswire Staff Comments Off on Sears looks to boost Kenmore and Craftsman brands with new hire
Sears looks to boost Kenmore and Craftsman brands with new hire
The new executive, Lynn Pendergrass, previously held senior positions at Johnson & Johnson, Hewlett-Packard Co (HPQ.N) and General Electric Co (GE.N), Sears said in a statement on Monday. Pendergrass will focus on boosting sales of the three brands while working with the appliances, lawn and garden, tools and auto center units.
24 August, 2015 by The TZ Newswire Staff Comments Off on U.S. inflation probably lower than reported, Fed study says
U.S. inflation probably lower than reported, Fed study says
U.S. inflation in the first half of the year was probably “markedly lower” than reported, but policymakers are unlikely to set interest rates incorrectly as a result, according to an analysis published Monday by the San Francisco Federal Reserve Bank. Researchers at the regional Fed bank had earlier found that the very weak readings for economic growth in the early part of the year were likely due to inadequate adjustments for seasonal fluctuations, and that true economic growth was probably much faster than reported.
24 August, 2015 by The TZ Newswire Staff Comments Off on GM suspends 800 job cuts at Brazil plant, ending strike
GM suspends 800 job cuts at Brazil plant, ending strike
Workers at a General Motors Co (GM.N) plant in Brazil ended a two-week strike on Monday after the company agreed to suspend nearly 800 job cuts, buying time in an industry where idle assembly lines have roiled labor tensions. GM and the local metalworkers’ union said they agreed that the workers facing termination would spend the next five months on paid leave and would get an extra rescission payment if their jobs are cut early next year.
24 August, 2015 by The TZ Newswire Staff Comments Off on Asia stocks – early indications …. Australian market rallying
Asia stocks – early indications …. Australian market rallying
The ASX is trading higher from its open after an initial dip:
gonna say we’re out of the woods of the global stock correction yet, but an early bounce is a positive (well, better than a collapse …amIright?)
24 August, 2015 by The TZ Newswire Staff Comments Off on Imagine getting a flu vaccine pill, in the mail
Imagine getting a flu vaccine pill, in the mail
A series of new studies out this week shows solid progress toward a flu vaccine in a pill and a so-called universal flu vaccine. NBC News reports.