29 January, 2016 by The TZ Newswire Staff Comments Off on U.S. corporations to report best and worst of times
U.S. corporations to report best and worst of times
Stock market investors who spent January swayed by oil prices, economic weakness in China and central bank speculation may continue to do that next week, even though it should be a dramatic one for earnings reports and economic data. Fourth-quarter 2015 earnings reports coming from Internet leader Alphabet (GOOGL.O) and Exxon Mobil (XOM.N), an old-economy company hit by falling oil prices, will spotlight the yin and yang of Corporate America.
29 January, 2016 by The TZ Newswire Staff Comments Off on Wall Street surges at end of awful January
Wall Street surges at end of awful January
At one point last week, the S&P’s loss for 2016 reached 11 percent before recovering to end the month down 5 percent. Global equities got a surprise boost on Friday after Japan’s central bank cut a benchmark rate below zero to stimulate its economy. Microsoft shares (MSFT.O) jumped 5.83 percent on better-than-expected results.
29 January, 2016 by The TZ Newswire Staff Comments Off on Fed’s Williams says sees ‘smidgen’ slower rate hikes
Fed’s Williams says sees ‘smidgen’ slower rate hikes
The Federal Reserve probably needs to keep U.S. interest rates lower for longer given headwinds from weak global economic growth, a stronger dollar and an unexpectedly sustained drop in oil prices, a top Fed official suggested on Friday. San Francisco Federal Reserve Bank President John Williams told reporters he now sees slightly slower growth, slightly higher unemployment, and about a tenth of a percent lower inflation this year than he had expected in December, when the Fed raised rates for the first time in nearly a decade. At the time, officials at the Fed, the U.S.
29 January, 2016 by The TZ Newswire Staff Comments Off on GM pitches new product strategy to skeptical investors
GM pitches new product strategy to skeptical investors
General Motors Co (GM.N) executives used to boast about how frequently the company redesigned cars and trucks. Now, the automaker wants to double the lifespan of vehicle platforms as part of a broader effort to slash and redirect capital spending, GM executives said. Starting with the new Chevrolet Cruze compact, the basic underpinnings of vehicle lines could last a dozen years or more, GM President Dan Ammann told Reuters.
29 January, 2016 by The TZ Newswire Staff Comments Off on Boeing 737 MAX jet successfully completes first flight
Boeing 737 MAX jet successfully completes first flight
The plane is the fourth version of the original 737, which made its first flight in 1967 and has become one of Boeing’s most profitable aircraft. The 737 MAX features new engines from CFM International, a joint venture of General Electric (GE.N) and Safran SA of France (SAF.PA), and other refinements that improve fuel efficiency by 14 percent compared with the current generation 737.
29 January, 2016 by The TZ Newswire Staff Comments Off on Nissan recalling 930,000 cars for hood latch problem
Nissan recalling 930,000 cars for hood latch problem
The Japanese automaker said it is recalling the 2013-2015 Nissan Altima, because its secondary hood latch may bind on account of improperly applied rust coating and remain in the unlatched position when the hood is closed. The U.S. National Highway Traffic Safety Administration, which said on Friday that 846,000 vehicles in the United States would be recalled, has received complaints from owners of Altimas whose hoods unexpectedly opened. Altimas accounted for about 25 percent of Nissan’s U.S. brand sales last year.
29 January, 2016 by The TZ Newswire Staff Comments Off on Everything That Happened With Apple in January
Everything That Happened With Apple in January
Record app sales, slowing car ambitions, and a big step toward India are just a few of the big stories with Apple this month.