26 January, 2016 by The TZ Newswire Staff Comments Off on Nikkei climbs, but Shanghai drops another 1.56%
Nikkei climbs, but Shanghai drops another 1.56%
Asia markets were mostly higher on Wednesday after Wall Street surged overnight on a bounce in oil prices and positive earnings news.
26 January, 2016 by The TZ Newswire Staff Comments Off on Instant Analysis: Sprint Cuts at Least 2,500 Jobs
Instant Analysis: Sprint Cuts at Least 2,500 Jobs
The ax has fallen at company headquarters, in addition to several customer care centers.
26 January, 2016 by The TZ Newswire Staff Comments Off on Apple sees first sales dip in more than a decade as super-growth era falters
Apple sees first sales dip in more than a decade as super-growth era falters
Apple Inc (AAPL.O) forecast its first revenue drop in 13 years and reported the slowest-ever increase in iPhone shipments as the critical Chinese market showed signs of weakening, suggesting the technology company’s period of exponential growth may be ending. The slowdown comes as Wall Street analysts worry the company does not have another blockbuster product to replace the iPhone. Apple does not report Watch sales, but it does not appear to have the makings of being a hit on the same level as the iPhone a year after launch.
26 January, 2016 by The TZ Newswire Staff Comments Off on Asia subdued ahead of Fed, sentiment fragile after China rout
Asia subdued ahead of Fed, sentiment fragile after China rout
Asian stocks were subdued on Wednesday as a wait-and-see mood prevailed ahead of the Federal Reserve’s policy statement due later, and with sentiment fragile after a rout in Chinese shares the previous day. MSCI’s broadest index of Asia-Pacific shares outside Japan stood effectively unchanged after shedding 1.2 percent on Tuesday.
26 January, 2016 by The TZ Newswire Staff Comments Off on Takata recalls air bag inflators in 5.1 million U.S. vehicles
Takata recalls air bag inflators in 5.1 million U.S. vehicles
Most of the vehicles mentioned in numerous previous recalls involving Takata air bags have been older models, but the new recalls include some 2014 models. A 2006 Ford Ranger was involved in a Dec. 22 crash that killed the driver when a Takata air bag inflator caused the bag to rupture, sending shrapnel into the vehicle.
26 January, 2016 by The TZ Newswire Staff Comments Off on Ackman acknowledges mistakes in 2015, details changes in portfolio
Ackman acknowledges mistakes in 2015, details changes in portfolio
Sitting on a double-digit loss that is the deepest in his firm’s history, billionaire investor Bill Ackman on Tuesday told investors that he made mistakes last year in not cutting two big positions but said he sees plenty of new investment opportunities. Ackman, whose Pershing Square Capital Management lost between 16 percent and 20 percent in its funds in 2015, said it was a “very costly” mistake that he did not sell drug maker Valeant Pharmaceuticals International Inc when the stock price rose to $200 over the summer.
26 January, 2016 by The TZ Newswire Staff Comments Off on U.S. crude drops over 3 percent as focus back on supply
U.S. crude drops over 3 percent as focus back on supply
Brent crude (LCOc1) had settled up $1.30, or 4.26 percent, at $31.80 a barrel on Tuesday.”The positive sentiment stemmed from strong U.S. corporate earnings and talk of OPEC and Russia considering production cuts. Wall Street shares also rebounded in choppy trading on Tuesday on hopes oil producers will cut output to address the supply glut that has punished equity markets and pushed crude values to 12-year lows.