13 November, 2015 by The TZ Newswire Staff Comments Off on Stock Indexes Take Another Beating; Market Under Pressure
Stock Indexes Take Another Beating; Market Under Pressure
Stocks stabbed lower Friday as the Nasdaq joined the S&P 500 in falling under the 200-day moving average . The Nasdaq dropped 1.5%, its third loss of 1% or more during the week. The Dow Jones industrial average and S&P 500 lost 1.2% and 1.1%, respectively. The IBD 50 skidded 1.9%. Volume rose across the board. The Nasdaq punctured its 200-day line one day after the S&P 500 did.
13 November, 2015 by The TZ Newswire Staff Comments Off on Stock Indexes Take Another Beating; Market Under Pressure
Stock Indexes Take Another Beating; Market Under Pressure
Stocks stabbed lower Friday as the Nasdaq joined the S&P 500 in falling under the 200-day moving average . The Nasdaq dropped 1.5%, its third loss of 1% or more during the week. The Dow Jones industrial average and S&P 500 lost 1.2% and 1.1%, respectively. The IBD 50 skidded 1.9%. Volume rose across the board. The Nasdaq punctured its 200-day line one day after the S&P 500 did.
13 November, 2015 by The TZ Newswire Staff Comments Off on Why El Pollo Loco Holdings, Inc. Shares Slipped 10% on Friday
Why El Pollo Loco Holdings, Inc. Shares Slipped 10% on Friday
Soft same-store sales growth and lowered expectations sparked a sell-off for this restaurant company’s stock. Here’s what investors need to know.
13 November, 2015 by The TZ Newswire Staff Comments Off on Why El Pollo Loco Holdings, Inc. Shares Slipped 10% on Friday
Why El Pollo Loco Holdings, Inc. Shares Slipped 10% on Friday
Soft same-store sales growth and lowered expectations sparked a sell-off for this restaurant company’s stock. Here’s what investors need to know.
13 November, 2015 by The TZ Newswire Staff Comments Off on Wall Street drops, posts worst week since August
Wall Street drops, posts worst week since August
“The geopolitical aspect is always out there, and anything that brings that back into the headlines will pull the buy orders fairly quickly,” said Alan Lancz, president, Alan B. Lancz & Associates Inc, a Toledo, Ohio-based investment advisory firm. It was the second-biggest drag on the S&P 500 and the Nasdaq, weighing on shares of tech heavyweights, including Apple (AAPL.O) and Facebook (FB.O). Nordstrom (JWN.N) lowered its full-year forecast on Thursday, spooking investors already on edge after Macy’s (M.N) cut its forecast on Wednesday.
13 November, 2015 by The TZ Newswire Staff Comments Off on Exclusive: Commodity trader Cargill restructures, cuts jobs – sources
Exclusive: Commodity trader Cargill restructures, cuts jobs – sources
Cargill Inc [CARG.UL], one of the world’s largest privately held corporations, has launched a restructuring that includes job cuts, one company source and four industry sources said on Friday, the latest casualty of a downturn in the farm economy. The 150-year-old company, a top commodities trader, is also closing offices, two of the industry sources said. The cutbacks at the Minnesota-based company come as global agricultural companies are under pressure from slumping commodity prices, slowing demand in China and weakness in emerging markets where Cargill has significant investments.
13 November, 2015 by The TZ Newswire Staff Comments Off on Hired-gun hacking played key role in JPMorgan, Fidelity breaches
Hired-gun hacking played key role in JPMorgan, Fidelity breaches
NEW YORK/SAN FRANCISCO (Reuters) – When U.S. prosecutors this week charged two Israelis and an American fugitive with raking in hundreds of millions of dollars in one of the largest and most complex cases of cyber fraud ever exposed, they also provided an unusual look into the burgeoning industry of criminal hackers for hire.