5 October, 2015 by The TZ Newswire Staff Comments Off on Twitter names Jack Dorsey permanent CEO
Twitter names Jack Dorsey permanent CEO
Dorsey will remain head of fast-growing mobile payments company Square, which he also co-founded, potentially setting up conflicts of interest. Twitter had previously said the CEO job would be a full-time position, which seemed to exclude Dorsey if he continued to run Square. Dorsey has served as interim CEO of the microblogging service since former CEO Dick Costolo stepped down on July 1.
5 October, 2015 by The TZ Newswire Staff Comments Off on Nelson Peltz’s Trian takes $2.5 billion stake in General Electric
Nelson Peltz’s Trian takes $2.5 billion stake in General Electric
Shares of Dow industrials component GE rose 4.5 percent to $26.60 on Monday after Peltz’s Trian Fund Management disclosed its roughly 1-percent stake, and said the stock could be worth $40 to $45 per share by the end of 2017. Trian, which said its biggest-ever investment also makes it a top-10 GE shareholder, said it wanted GE to cut costs to expand operating margins, explore more share buybacks including by taking on new debt, be disciplined in its acquisitions and consider ways to further scale back GE Capital.
5 October, 2015 by The TZ Newswire Staff Comments Off on Alaska to be hit by Shell’s decision to halt oil exploration: Moody’s
Alaska to be hit by Shell’s decision to halt oil exploration: Moody’s
Royal Dutch Shell Plc’s (RDSa.L) decision last week to walk away from its $7 billion drilling effort in the Alaska Arctic could have a negative impact on the state’s already struggling economy, Moody’s said in a note released on Monday. Although the exploration and drilling would have occurred in federal water and would not have directly contributed to state revenues, the decision to stop the project is still “credit negative” for Alaska, the ratings agency said.
5 October, 2015 by The TZ Newswire Staff Comments Off on U.S. service sector growth ebbs in September
U.S. service sector growth ebbs in September
The pace of growth in the U.S. services sector decelerated in September as new orders and business activity slowed, according to an industry report released on Monday. The Institute for Supply Management …
5 October, 2015 by The TZ Newswire Staff Comments Off on Bernanke on NGDP targeting
Bernanke on NGDP targeting
We’ll have to wait for the 2011 minutes to know exactly what happened, but this paragraph sent to me by Marcus Nunes and also Stephen Kirchner (apparently from Justin Wolfers tweet), confirms what I thought after I heard Bernanke’s response to a reporter on NGDP targeting, back in 2011:
5 October, 2015 by The TZ Newswire Staff Comments Off on Fonterra says TPP will be a benefit to NZ dairy exporters
Fonterra says TPP will be a benefit to NZ dairy exporters
Earlier:
Deal reached on TPP Pacific trade deal
and
What the Trans-Pacific Partnership means for the forex market
Now Fonterra commenting:
– Trans-Pacific Partnership to provide “some useful gains” for New Zealand dairy exporters
–
5 October, 2015 by The TZ Newswire Staff Comments Off on ECB’s Coeure: ‘Genuine’ Union would improve euro’s international role
ECB’s Coeure: ‘Genuine’ Union would improve euro’s international role
Comments from the European Central Bank’s Coeure crossing the Bloomberg:
– Attractiveness of euro ‘not in any way reduced’
– Important for new Greek government to implement August pact