25 September, 2015 by The TZ Newswire Staff Comments Off on Bill Gates foundation trust sues Brazil’s Petrobras
Bill Gates foundation trust sues Brazil’s Petrobras
The Bill & Melinda Gates Foundation Trust has sued Brazil’s Petrobras (PETR4.SA)(PBR.N) to recoup stock losses stemming from a corruption scandal at the state-run oil company. According to a complaint filed late Thursday night in federal court in Manhattan, Petrobras’ “pervasive bribery and money laundering scheme” caused the trust and another plaintiff, WGI Emerging Markets Fund LLC, to lose tens of millions of dollars by investing in the company. Petrobras, whose formal name is Petroleo Brasileiro SA, is facing a slew of U.S.
25 September, 2015 by The TZ Newswire Staff Comments Off on JPMorgan reaped $150 million dividend from Henry Bath before sale: filing
JPMorgan reaped $150 million dividend from Henry Bath before sale: filing
JPMorgan Chase & Co reaped a $150 million dividend from its metals storage business Henry Bath & Son before selling its physical commodities business last October, as the firm reported its first loss in over a decade, a filing on Thursday showed. A review of filings to the UK business registry revealed the payout to the Wall Street bank and the loss were the first since 2002 when Henry Bath was held by Enron, the failed energy trader and one of its best-known owners in its 200-year history. JPMorgan officials were not immediately available for comment on the matter.
25 September, 2015 by The TZ Newswire Staff Comments Off on BlackBerry posts weaker-than-expected results, pledges revenue gain
BlackBerry posts weaker-than-expected results, pledges revenue gain
Smartphone maker BlackBerry Ltd reported weaker-than-expected quarterly results on Friday but forecast higher revenue and said it might replace its operating system with Google Inc’s Android platform. The Waterloo, Ontario-based company, which is pursuing a turnaround plan based on selling more software, said it expected modest revenue growth in the remaining two quarters of this fiscal year, after nine quarters of falling sales, and a return to profitability in the fourth quarter.
25 September, 2015 by The TZ Newswire Staff Comments Off on Get ready for Super Blood Moon Sunday
Get ready for Super Blood Moon Sunday
This weekend will give moongazers a rare treat: A supermoon lunar eclipse, which only comes around once in a great while.
25 September, 2015 by The TZ Newswire Staff Comments Off on LGI Homes Attracts Demand; Other Sector Leaders Don’t
LGI Homes Attracts Demand; Other Sector Leaders Don’t
Analyzing the supply and demand picture in the general market and leading stocks is crucial in stock selection and timing. Daily and weekly stock charts are important in doing your analysis, and a couple of other tools are useful as well. The up/down volume ratio compares volume on up days vs. volume on down days over the past 50 sessions. A ratio greater than 1.0 indicates positive demand for shares.
25 September, 2015 by The TZ Newswire Staff Comments Off on Cramer Remix: How China’s winning with Nike
Cramer Remix: How China’s winning with Nike
“Mad Money” host Jim Cramer shows how Nike proved everyone wrong about China.
