13 January, 2016 by The TZ Newswire Staff Comments Off on Goldman Sachs to shed up to 10 percent of its sales, fixed income team: WSJ
Goldman Sachs to shed up to 10 percent of its sales, fixed income team: WSJ
This workforce reduction, which is higher than the bank’s usual 5 percent annual cuts, is expected to affect not more than 250 people, the Journal said on Wednesday. Goldman Sachs could not be reached for a comment immediately outside regular business hours. Reuters reported in November, citing sources, that rival investment bank Morgan Stanley (MS.N) is also planning to cut up to 25 percent of its fixed income workforce.
13 January, 2016 by The TZ Newswire Staff Comments Off on Chipotle ‘confident’ it can stop outbreaks, shares rise
Chipotle ‘confident’ it can stop outbreaks, shares rise
LOS ANGELES/SAN FRANCISCO (Reuters) – Chipotle Mexican Grill Inc executives on Wednesday said they are confident that steps they are taking to tighten food safety at the popular burrito chain will prevent future food poisoning outbreaks. The company, which has won over diners and forced change on the restaurant industry by serving fresher, less-processed food, is grappling to overcome a series of outbreaks that have driven away diners, hammered its high-flying stock and spawned both a federal criminal probe and a shareholder lawsuit.
13 January, 2016 by The TZ Newswire Staff Comments Off on Exclusive: Some Ambac shareholders call on CEO to quit, cite delays in paying claims – sources
Exclusive: Some Ambac shareholders call on CEO to quit, cite delays in paying claims – sources
Three of Ambac Financial Group Inc’s (AMBC.O) top ten shareholders are calling on its new CEO Nader Tavakoli to step down, according to people familiar with the matter. One of the reasons they give is that he is slow to settle $4 billion in insurance claims in which at least two of them have an interest, the sources said. The policy claims relate to complex financial instruments, including secured mortgage backed securities, that were insured by Ambac and were at the center of the 2008 financial crisis.
13 January, 2016 by The TZ Newswire Staff Comments Off on U.S. economic growth hampered by dollar, energy prices: Fed
U.S. economic growth hampered by dollar, energy prices: Fed
WASHINGTON, Jan 13 (Reuters) – – The U.S. economy continued to show mixed signals from late November to early January, with improvements in the labor market and consumer spending offset by the drag of a strong dollar and low energy prices, the Federal Reserve said on Wednesday.
13 January, 2016 by The TZ Newswire Staff Comments Off on Orbital ATK, SpaceX get U.S. contracts for rocket engine prototypes
Orbital ATK, SpaceX get U.S. contracts for rocket engine prototypes
The U.S. Air Force has awarded contracts to Orbital ATK Inc and privately-held Space Exploration Technologies to develop prototypes of new U.S.-built rocket engines under a broader effort aimed at ending …
13 January, 2016 by The TZ Newswire Staff Comments Off on 4 stocks to watch if market falls even more
4 stocks to watch if market falls even more
Fast Money” traders picked through the battered U.S. stock markets for names that could have potential ahead.
13 January, 2016 by The TZ Newswire Staff Comments Off on The 10 Best Stocks in the Nasdaq in 2015
The 10 Best Stocks in the Nasdaq in 2015
These stocks were the best performers in the index last year.