11 January, 2016 by The TZ Newswire Staff Comments Off on VW may buy back some cars in emissions scandal: CEO on CNBC
VW may buy back some cars in emissions scandal: CEO on CNBC
German automaker Volkswagen (VOWG_p.DE) may end up buying back some cars affected by the emissions scandal, its chief executive told CNBC in an interview. “In some cases it’s very easy to repair the cars, in other cases it’s very expensive and in that case we have to negotiate whether it would be better to bring back some of the cars to Volkswagen,” Matthias Mueller told CNBC at the Detroit auto show on Monday. Some U.S. regulators and lawmakers have said VW may have to buy back older models.
11 January, 2016 by The TZ Newswire Staff Comments Off on Investors sue company rescued by Shkreli for return of $5 million
Investors sue company rescued by Shkreli for return of $5 million
Investors who backed a biotechnology company led by executive Martin Shkreli are suing to get back the $5.4 million they had invested just hours before his arrest, according to court papers. Shkreli took control of KaloBios Pharmaceuticals Inc in November, saving the company from closing down. As part of Shkreli’s rescue, the company reached a deal with three individuals and two funds to invest $5.4 million in it under an agreement that KaloBios said was completed on Dec. 16.
11 January, 2016 by The TZ Newswire Staff Comments Off on Japan’s Asahi mulls possibilities after reports of bid for Grolsch, Peroni
Japan’s Asahi mulls possibilities after reports of bid for Grolsch, Peroni
Japan’S Asahi Group says it is exploring various possibilities after media reports this week said it will bid for Grolsch and Peroni, two beer brands owned by the U.K.-based Sabmiller PLC . According to …
11 January, 2016 by The TZ Newswire Staff Comments Off on United Airlines sales hurt by Paris attacks, weaker oil industry demand
United Airlines sales hurt by Paris attacks, weaker oil industry demand
Passenger unit revenue, which compares ticket sales to flight capacity, fell between 5.75 percent and 6.25 percent in the fourth quarter from a year ago, United Continental Holdings Inc (UAL.N) said in a regulatory filing. The Paris attacks’ impact on demand is “concerning,” said Sterne Agee CRT analyst Adam Hackel, adding that hotel bookings were down in France during the holidays. Hackel said, however, that United’s fare hike last week by $6 round-trip may help offset the decline.
11 January, 2016 by The TZ Newswire Staff Comments Off on Dollar steady in early trade, yuan in focus again
Dollar steady in early trade, yuan in focus again
The dollar enjoyed some respite on Tuesday, holding above a more than four-month low against the yen and near a 5-1/2-year high against sterling.
11 January, 2016 by The TZ Newswire Staff Comments Off on Utility Stocks Find Favor As Investors Turn Defensive
Utility Stocks Find Favor As Investors Turn Defensive
The Federal Reserve’s long-awaited interest-rate hike on Dec. 16 was supposed to erode the appeal of utilities and other dividend stocks. Yet in the past six weeks, the electric power and diversified utilities industries have jumped nearly 50 places, climbing into the top 20 out of the 197 industry groups tracked by IBD. The gas distribution and water utility industries have climbed into the top 10 from Nos. 20 and 33, respectively.
11 January, 2016 by The TZ Newswire Staff Comments Off on Meet Manifa (And Other Giant Oil Projects) That Will Add To The Global Oil Glut
Meet Manifa (And Other Giant Oil Projects) That Will Add To The Global Oil Glut
World oil consumption is more than 90 million barrels a day. Between 2009 and 2014 oil was traded for about 110 dollars a barrel; now oil is changing hands for 32 dollars a barrel. Roughly a 7-billion-dollar cash flow a day is vanishing from the global market.