9 October, 2015 by The TZ Newswire Staff Comments Off on Dell to use VMware to help pay for EMC deal: sources
Dell to use VMware to help pay for EMC deal: sources
While the bulk of its offer will be in cash, Dell also plans to pay EMC shareholders with “tracking stock” that follows the value of the 20 percent of VMware that EMC does not own, the people said on Friday. Dell, EMC and VMware did not immediately respond to requests for comment. EMC shares ended trading on Friday up 2.5 percent at $27.86 after tech website Re/code reported that Dell was offering $27.25 a share for EMC in addition to stock in VMware.
9 October, 2015 by The TZ Newswire Staff Comments Off on JPMorgan again wins dismissal of whistleblower lawsuit in U.S
JPMorgan again wins dismissal of whistleblower lawsuit in U.S
JPMorgan Chase & Co (JPM.N) on Friday won the dismissal of a U.S. whistleblower lawsuit filed by a former vice president who claimed the bank ignored red flags about a client’s potential fraud, even after authorities exposed the massive Ponzi scheme operated by longtime JPMorgan client Bernard Madoff. U.S. District Judge Robert Sweet in New York granted the bank’s motion to throw out the complaint, finding that Jennifer Sharkey had failed to demonstrate that her termination in August 2009 was in retaliation for speaking out.
9 October, 2015 by The TZ Newswire Staff Comments Off on Banks take spotlight as earnings season heats up
Banks take spotlight as earnings season heats up
The financial sector, recently a weak performer in the stock market, will garner the majority of investor attention next week as a number of big banks post their quarterly results. Goldman Sachs Group Inc, Bank of America Corp, Wells Fargo & Co, Citigroup and JPMorgan Chase & Co – the five biggest U.S. banks by market cap – are due to report results as the sector has trailed the market in recent weeks and earnings estimates have fallen. In the last 30 days, banks have seen their estimates steadily lowered, with Goldman the biggest victim.
9 October, 2015 by The TZ Newswire Staff Comments Off on China concerns leave central banks in difficult spot
China concerns leave central banks in difficult spot
The coming week will provide clues on whether the global economy is escaping from its lackluster growth rut, amid growing concerns of another downturn which central banks have few tools left to fight. China has become the focal point for economists as they fear a hard landing there could send countries that have only just escaped from the doldrums reeling back into recession. The deluge of data from China in coming weeks is likely to point to further weakness, reinforcing expectations Beijing will roll out more stimulus measures to ward off a sharper slowdown.
9 October, 2015 by The TZ Newswire Staff Comments Off on Paul Ryan would be a great House speaker: Kudlow
Paul Ryan would be a great House speaker: Kudlow
Making Paul Ryan speaker would solve a lot of problems. So what’s the holdup?, asks Larry Kudlow.
9 October, 2015 by The TZ Newswire Staff Comments Off on Why Pier 1 Imports, Inc. Stock Dropped 32.2% in September
Why Pier 1 Imports, Inc. Stock Dropped 32.2% in September
The specialty retailer capped its rough year with another painful quarterly report. Here’s what investors need to know.
9 October, 2015 by The TZ Newswire Staff Comments Off on Gun Control: Fashionable Prohibition For Modern Lawmakers
Gun Control: Fashionable Prohibition For Modern Lawmakers
Submitted by Ryan McMaken via The Mises Institute,
With the latest school shooting, all humane people are expected to jump up and do something to stop the next shooting. The most popular response among media pundits and national policymakers right now is an expansion of the various prohibitions now in place against guns.