3 December, 2015 by The TZ Newswire Staff Comments Off on Exclusive: Viacom should end non-voting stock, give vote to all investors – California fund
Exclusive: Viacom should end non-voting stock, give vote to all investors – California fund
BOSTON/NEW YORK (Reuters) – An official for the second-largest U.S. public pension system on Thursday urged Viacom Inc to do away with its dual-class share structure, the latest call from an investor for change at the media empire controlled by the aging mogul Sumner Redstone as doubts grow over his ability to lead. Redstone, 92 years old, controls about 80 percent of the voting rights at Viacom, and the company has a second class of shares with no voting rights. The California State Teachers’ Retirement System has 1.1 million non-voting shares.
3 December, 2015 by The TZ Newswire Staff Comments Off on Honda, Takata settle airbag suits, lose round in class action case
Honda, Takata settle airbag suits, lose round in class action case
A U.S. judge has rejected a bid by air bag manufacturer Takata Corp (7312.T) and automaker Honda Motor Co to toss out a class-action lawsuit on behalf of millions of owners with potentially faulty airbag inflators, even as the firms are moving to quickly settle death claims. Litigation arising from four of the six U.S. deaths has been settled, Honda spokesman Chris Martin said. Honda has been working to settle claims quickly, Martin said.
3 December, 2015 by The TZ Newswire Staff Comments Off on Japan October wages data, cash earnings +0.7% y/y (+0.5% expected)
Japan October wages data, cash earnings +0.7% y/y (+0.5% expected)
Japan – Labor Cash earnings for October:
+0.7% y/y for its 4th consecutive rise
– expected +0.5% m/m, prior was +0.4%
Real cash earnings +0.4% y/y, prior +0.5%
3 December, 2015 by The TZ Newswire Staff Comments Off on People’s Bank of China (PBOC) sets yuan reference rate at 6.3851
People’s Bank of China (PBOC) sets yuan reference rate at 6.3851
Given the weaker USD overnight, USD/CNY set lower today
– yesterday’s close was 6.3972
– yesterday’s mid point was set at 6.3982
3 December, 2015 by The TZ Newswire Staff Comments Off on Why Avago Technologies, Sanderson Farms, and Dyax Jumped Today
Why Avago Technologies, Sanderson Farms, and Dyax Jumped Today
Even with the market in a near-free fall, these stocks managed to post solid gains. Find out why.
3 December, 2015 by The TZ Newswire Staff Comments Off on Elliott Wave Update ~ 3 December 2015
Elliott Wave Update ~ 3 December 2015
The upper base channel line rejected prices fairly significantly so far.
3 December, 2015 by The TZ Newswire Staff Comments Off on Uber rivals in pact covering half of world’s population
Uber rivals in pact covering half of world’s population
Some of Uber’s largest rivals announced a ride-sharing agreement that they say will cover nearly 50 percent of the world’s population.