26 August, 2015 by The TZ Newswire Staff Comments Off on Fidelity Investments considers dropping AmEx, BofA as partners: Bloomberg
Fidelity Investments considers dropping AmEx, BofA as partners: Bloomberg
Visa Inc (V.N) and MasterCard Inc (MA.N) are in talks with Fidelity to replace AmEx, Bloomberg cited the sources as saying. Warehouse club retailer Costco Wholesale Corp (COST.O) said on Feb. 12 that it would end a 16-year-old agreement of accepting AmEx credit cards at U.S. stores from next year, which threatened a near 8 percent of worldwide annual spending on AmEx cards.
26 August, 2015 by The TZ Newswire Staff Comments Off on Ackman says Pershing Square down for the year after markets drop
Ackman says Pershing Square down for the year after markets drop
Billionaire investor William Ackman, one of last year’s best performing hedge fund managers, is now losing money after the recent market plunge wiped out a double-digit gain. “At the date of this report, the year to date investment performance has been erased, and the Company is at a loss position for the year,” Ackman’s Pershing Square Capital Management said in its interim financial statement released to investors on Wednesday afternoon.
26 August, 2015 by The TZ Newswire Staff Comments Off on Market turmoil makes September rate hike ‘less compelling’: Fed’s Dudley
Market turmoil makes September rate hike ‘less compelling’: Fed’s Dudley
A Federal Reserve interest rate hike next month seems less appropriate given the threat posed to the U.S. economy by recent market turmoil, an influential Fed official said on Wednesday in the clearest sign that fears of a Chinese slowdown are influencing U.S. monetary policy. New York Fed President William Dudley said the prospect of a September rate hike “seems less compelling” than it was only weeks ago.
26 August, 2015 by The TZ Newswire Staff Comments Off on Ten automakers are sued in U.S. over ‘deadly’ keyless ignitions
Ten automakers are sued in U.S. over ‘deadly’ keyless ignitions
According to the complaint filed in federal court in Los Angeles, carbon monoxide is emitted when drivers leave their vehicles running after taking their electronic key fobs with them, under the mistaken belief that the engines will shut off. A keyless ignition lets a driver start a vehicle by pushing an on-off button, instead of inserting a key, once the vehicle senses the presence of a nearby electronic fob.
26 August, 2015 by The TZ Newswire Staff Comments Off on Gap to end ‘on-call’ shifts for workers
Gap to end ‘on-call’ shifts for workers
The decision follows an inquiry by New York State attorney general Eric Schneiderman’s office into the legality of on-call shifts at 13 retailers, including Gap, Target Corp (TGT.N), JC Penney Co Inc (JCP.N), Abercrombie & Fitch Co (ANF.N) and TJX Cos Inc (TJX.N). On-call shifts require workers to be on call for shifts that may be canceled with little notice.
26 August, 2015 by The TZ Newswire Staff Comments Off on Currencies: Dollar steady against yen as risk sentiment improves
Currencies: Dollar steady against yen as risk sentiment improves
Market participants said the solid stock market performance in Asia, including in Tokyo and Shanghai, helped improve risk sentiment and support the dollar.
read more
26 August, 2015 by The TZ Newswire Staff Comments Off on Asia Markets: Asian markets rebound, boosted by central banks, U.S. data
Asia Markets: Asian markets rebound, boosted by central banks, U.S. data
A global recovery from Wednesday was gaining steam, after reassuring comments from central bankers and positive U.S.