27 August, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Amazon scales back on developing consumer devices
The Wall Street Journal: Amazon scales back on developing consumer devices
The online retailer has curtailed or halted some of its projects centering on consumer devices, sources say.
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27 August, 2015 by The TZ Newswire Staff Comments Off on Greece’s Lafazanis returns mandate to form government
Greece’s Lafazanis returns mandate to form government
Bloomberg reporting from ERT tv
– tv shows images of Lafazanis at presidential mansion
Leader of Syriza extreme-left breakaway Popular Unity party in a failed attempt to form a govt
27 August, 2015 by The TZ Newswire Staff Comments Off on Strategist: We’re making a bottom, but …
Strategist: We’re making a bottom, but …
“Nothing’s been truly resolved here,” Barclays’ Hans Olsen says.
27 August, 2015 by The TZ Newswire Staff Comments Off on Chinese stock index jumps 5.3 percent as Asian stocks rise
Chinese stock index jumps 5.3 percent as Asian stocks rise
China’s main stock index surged 5.3 percent Thursday, its biggest gain in eight weeks, as markets across Asia advanced in the wake of Wall Street’s rebound, giving investors some relief after gut-wrenching …
27 August, 2015 by The TZ Newswire Staff Comments Off on Wal-Mart’s holiday layaway launches this week
Wal-Mart’s holiday layaway launches this week
Wal-Mart is kicking off its layaway program two weeks earlier than in 2014, to coincide with a massive toy push.
27 August, 2015 by The TZ Newswire Staff Comments Off on Wall Street is for sale – but is it cheap?
Wall Street is for sale – but is it cheap?
During more than a week of stock market sell-offs, investors have been exhorted to use declines to pick up bargains – and with a 7.7 percent drop on the S&P 500 since August 17, stocks have certainly gotten less expensive. By several of those metrics, the bottom line is this: U.S. stocks are not wildly expensive, but they are not the screaming bargains that might pull value-minded investors back into the market. “We are not getting to a point where it’s attractive, it’s just not as expensive,” said Michael O’Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut.
27 August, 2015 by The TZ Newswire Staff Comments Off on China’s richest man: time for gov. to abandon high growth rate ‘fantasy’
China’s richest man: time for gov. to abandon high growth rate ‘fantasy’
China’s richest man said on Thursday the government needs to give up any “fantasy” of maintaining high economic growth rates, unusually bold comments at a time when Beijing is grappling to contain a market meltdown that has hammered global equities. Billionaire Wang Jianlin, speaking after his company Dalian Wanda Group said it had bought World Triathlon Corp (WTC) for $650 million, added that the key was whether economic growth is “sustainable and safe”. “China’s economy needs to transform from relying on investment and exports to consumption.