28 August, 2015 by The TZ Newswire Staff Comments Off on Ashley Madison parent CEO quits after huge infidelity data hack
Ashley Madison parent CEO quits after huge infidelity data hack
The chief executive of infidelity website Ashley Madison’s parent company Avid Life Media has left, just over a week after hackers leaked data about millions of its clients in a massive cyber assault. Avid Life said on Friday the departure of Noel Biderman was by “mutual agreement” and its existing senior management team would take over until a new CEO is appointed. On Aug. 18, hackers who claimed to be unhappy with its business practices released the Ashley Madison customer data, and police probing the breach said it had sparked extortion attempts and at least two unconfirmed suicides.
28 August, 2015 by The TZ Newswire Staff Comments Off on Fast-food’s new target: The snack attack
Fast-food’s new target: The snack attack
Forget the Big Mac attack. Now is the time of the snack attack. After years of slinging super-sized servings, some fast-food chains are starting to see the benefits of offering daintier bites. That includes …
28 August, 2015 by The TZ Newswire Staff Comments Off on Survey: Plunging stock prices hit US consumer sentiment
Survey: Plunging stock prices hit US consumer sentiment
Plummeting stock prices have taken a toll on U.S. consumer confidence, though there are signs the setback may be temporary. The University of Michigan says its consumer sentiment index fell to 91.9 this …
28 August, 2015 by The TZ Newswire Staff Comments Off on Fed hike probability rises after comments from Fed’s Fischer
Fed hike probability rises after comments from Fed’s Fischer
Could Fischer have misdiagnosed the causes of volatility and invited a tug-of-war with markets?
The implied probability of a September hike in Fed funds futures has risen to 38% from 30% earlier today and 22% earlier this week.
28 August, 2015 by The TZ Newswire Staff Comments Off on The Tell: These emerging-markets currencies will outperform as China slows
The Tell: These emerging-markets currencies will outperform as China slows
The Colombian and Mexican pesos posted remarkable turnarounds in the second half of the week.
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28 August, 2015 by The TZ Newswire Staff Comments Off on Next iPhone to have ultra HD camera: Report
Next iPhone to have ultra HD camera: Report
The iPhone 6S’ and 6S Plus’ revamped hardware reportedly supports 12-megapixel images and 4K video.
28 August, 2015 by The TZ Newswire Staff Comments Off on Stocks Struggle For Direction; Signet Shines
Stocks Struggle For Direction; Signet Shines
Stocks were narrowly mixed Friday afternoon, struggling for direction after the wild action earlier in the week. The Nasdaq edged up 0.1%, while the S&P 500 slipped 0.1%. The Dow Jones industrial average lost 0.2%. Volume was tracking vastly lower on both major exchanges in the stock market today compared with the same time Thursday. GameStop (GME) fell nearly 7% as a rebound stalled.