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News on Prudential Jennison 20/20 Focus A Fund (PTWAX)

Wednesday August 24th 2016

  

Latest news for Prudential Jennison 20/20 Focus A(PTWAX) (See analysis on PTWAX)

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Wednesday August 24th 2016: Latest financial news from the world

Asia slips on weaker Wall Street, dollar marks time before Yellen -  Prudential Jennison 20/20 Focus A(PTWAX) newsAsia slips on weaker Wall Street, dollar marks time before Yellen

A man is reflected on a stock quotation board outside a brokerage in TokyoTOKYO (Reuters) - Asian stocks slipped on Thursday, taking their cue from an overnight drop on Wall Street, while the dollar marked time ahead of Friday's speech by Federal Reserve Chair Janet Yellen at the global central bankers' meeting.



Ex-Comverse CEO pleads guilty to fraud, a decade after fleeing to Africa -  Prudential Jennison 20/20 Focus A(PTWAX) newsEx-Comverse CEO pleads guilty to fraud, a decade after fleeing to Africa

Fugitive U.S. millionaire Jacob "Kobi" Alexander sits with his wife Hanna, as he awaits the start of his extradition hearing in WindhoekBy Nate Raymond NEW YORK (Reuters) - The former chief executive officer of Comverse Technology Inc pleaded guilty to securities fraud on Wednesday and was ordered detained a decade after fleeing the United States for Namibia to avoid prosecution. Jacob "Kobi" Alexander, the Woodbury, New York-based software developer's founder, entered the plea in federal court in Brooklyn, after ending his fight to avoid extradition. Benjamin Brafman, Alexander's lawyer, said he was "bitterly disappointed." It was unclear if Alexander would appeal.



HP Inc beats estimates, weak printer demand weighs on forecast -  Prudential Jennison 20/20 Focus A(PTWAX) newsHP Inc beats estimates, weak printer demand weighs on forecast

The Hewlett-Packard (HP) logo is seen as part of a display at the Microsoft Ignite technology conference in ChicagoBy Aishwarya Venugopal (Reuters) - HP Inc , the hardware business of the former Hewlett-Packard Co, reported higher-than-expected quarterly revenue and profit as demand recovered for its notebooks. However, HP forecast current-quarter profit below analysts' estimates, reflecting weak sales of its printers as companies cut costs across industries. HP's shares fell nearly 6 percent in extended trading on Wednesday. Third-quarter revenue from the company's computer business rose 7.5 percent from the second quarter as sales of notebooks improved. ...



U.S. banking regulators focused on cyber security after SWIFT attacks -  Prudential Jennison 20/20 Focus A(PTWAX) newsU.S. banking regulators focused on cyber security after SWIFT attacks

Photo illustration of the Swift bank logoU.S. banking regulators said on Wednesday they are focused on cyber security risks and controls for U.S. financial institutions after attacks earlier this year involving the global financial network known as SWIFT. In a letter responding to questions from Representative Carolyn Maloney, a Democrat from New York, the regulators also said the U.S. Treasury Department's Office of the Comptroller of the Currency was drafting guidance on interbank messaging and wholesale payment systems. "As part of ongoing supervision activities, the OCC's onsite examination teams regularly address emerging issues, such as the recent reports of cyber-attacks involving SWIFT," said the letter from banking regulators including the Federal Reserve Board and Federal Deposit Insurance Corporation.



SEC fines Wilbur Ross firm $2.3 million over fees -  Prudential Jennison 20/20 Focus A(PTWAX) newsSEC fines Wilbur Ross firm $2.3 million over fees

Billionaire US investor Ross poses for a photo after an interview in SingaporeThe fine is the latest in a string of actions taken by the SEC against the private equity sector, as it seeks to improve transparency and crack down on undisclosed fee collection by some fund managers. In exchange for promises to deliver annual returns higher than 15 percent, U.S. buyout firms typically charge their investors an array of fees for their services. For instance, private equity firms usually charge a management fee worth around 1.5 percent of the total cash managed.



Japanese seek bargains as economy limps, Abenomics loses shine -  Prudential Jennison 20/20 Focus A(PTWAX) newsJapanese seek bargains as economy limps, Abenomics loses shine

People are reflected in mirrors at an entrance to a department store in TokyoBy Leika Kihara TOKYO (Reuters) - Three years of so-called "Abenomics", Japanese Prime Minister Shinzo Abe's bold stimulus program, has failed to dislodge a deflationary mindset among businesses and consumers. As the world's third-largest economy falters again - with a stronger yen gnawing at overseas profits and domestic consumption sapping companies' confidence to invest or sufficiently raise wages - firms that increased their prices in the hope of a sustained recovery are rethinking their strategy. "There's a sense the economy is stalling and companies' earnings are bad this year, so I'm holding off from spending on big items," she said.



Indonesian stocks dally at record peak as investors fear tipping point -  Prudential Jennison 20/20 Focus A(PTWAX) newsIndonesian stocks dally at record peak as investors fear tipping point

An employee walks in front of an electronic board at the Indonesia Stock Exchange in JakartaBy Fransiska Nangoy JAKARTA (Reuters) - Indonesian stocks are on a roll - with 18 percent gains this year and a boost from President Joko Widodo's economic reforms - and yet, investors worry about buying more of a market hitting historic peaks. The Jakarta Composite Index is Asia's second-best performer in dollar terms this year but its winning streak has turned share valuations uncomfortably rich. The ratio of the average price to 12-month forward earnings for Indonesia's MSCI index , or the PE ratio, is 16.44 - well above its historical average of 12.4 and at its highest since 1999.



Puerto Rico cannot enforce a Wal-Mart tax: U.S. appeals court -  Prudential Jennison 20/20 Focus A(PTWAX) newsPuerto Rico cannot enforce a Wal-Mart tax: U.S. appeals court

A Wal-Mart Stores Inc company distribution center in BentonvilleA U.S. appeals court on Wednesday said cash-strapped Puerto Rico cannot force Wal-Mart Stores Inc's affiliate on the island to pay a special corporate tax that the retailer claimed was discriminatory and violated the U.S. Constitution. The 1st U.S. Circuit Court of Appeals in Boston upheld a lower court order blocking Puerto Rico from imposing its alternative minimum tax against Wal-Mart Puerto Rico Inc. Wal-Mart argued it was the only company that fit that description and effectively taxed on items from its own distribution centers but not those bought from Puerto Rican vendors.



More U.S. retailers probing phony Egyptian cotton -  Prudential Jennison 20/20 Focus A(PTWAX) newsMore U.S. retailers probing phony Egyptian cotton

The sign outside the Bed Bath & Beyond store is seen in WestminsterCHICAGO/NEW DELHI (Reuters) - U.S. retailer Bed Bath & Beyond on Wednesday said it ordered an external audit of textiles from Welspun India , after Target Corp last week accused the Indian manufacturer of passing off cheap sheets as premium Egyptian cotton for two years. This could compound the woes of Welspun, which supplies to several large U.S. retailers and has seen its shares plummet nearly 43 percent since Target's announcement on Friday. It also harms Indian Prime Minister Narendra Modi's efforts to spur global companies to increase manufacturing in India.



U.S. crude down 3 percent after big stockpile build -  Prudential Jennison 20/20 Focus A(PTWAX) newsU.S. crude down 3 percent after big stockpile build

Crude oil storage tanks are seen from above at the Cushing oil hub in CushingThe U.S. Energy Information Administration (EIA) said crude inventories rose 2.5 million barrels last week, versus analysts' forecasts for a draw of 500,000 barrels. U.S. West Texas Intermediate (WTI) futures settled down $1.33, or 2.8 percent, at $46.77 per barrel. Brent crude futures fell 91 cents, or 1.8 percent, to close at $49.05.



WHY IT MATTERS: Income inequality -  Prudential Jennison 20/20 Focus A(PTWAX) newsWHY IT MATTERS: Income inequality

FILE - In this Dec. 5, 2011 file photo, Occupy DC protesters watch morning commuters walk through McPherson Square in Washington. The income gap between the rich and everyone else is large and getting larger, while middle-class incomes stagnate. That's raised concerns that the nation's middle class isn't sharing in economic growth as it has in the past. And it sparked the Wall Street protests that spread to other cities in the country. (AP Photo/Evan Vucci, File)The issue:



WHY IT MATTERS: Health care -  Prudential Jennison 20/20 Focus A(PTWAX) newsWHY IT MATTERS: Health care

FILE - This March 28, 2012 file photo shows Janis Haddon,of Atlanta, holding a glove with a message outside the Supreme Court in Washington as the court concluded three days of hearing arguments on the constitutionality of President Barack Obama's health care overhaul. America’s health care system is unsustainable. It’s not one problem, but three combined: high cost, uneven quality and millions uninsured. Major changes will keep coming. Every family will be affected. (AP Photo/Carolyn Kaster, File)The issue:



US stocks edge higher in midday trading -  Prudential Jennison 20/20 Focus A(PTWAX) newsUS stocks edge higher in midday trading

FILE - This May 11, 2007 file photo shows a Wall Street sign in front of the flag-draped facade of the New York Stock Exchange. U.S. stocks edged higher in early trading Thursday, May 22, 2014, extending gains from a day earlier. Investors cheered earnings news from several retailers, including Best Buy, Dollar Tree and L Brands. Sears fell sharply after reporting disappointing results. (AP Photo/Richard Drew, File)Major stock indexes shifted higher in midday trading Thursday, getting a lift from an encouraging report on Chinese manufacturing and some positive earnings from Best Buy, Dollar Tree and other retailers. The market also got a boost from data showing modest improvement in sales of previously occupied homes.



Giant butt-shaped aircraft crashes because butts weren't meant to fly -  Prudential Jennison 20/20 Focus A(PTWAX) newsGiant butt-shaped aircraft crashes because butts weren't meant to fly

Giant butt-shaped aircraft crashes because butts weren't meant to flyThe world's apparently largest aircraft crashed during a test flight in England. But all the internet could see was that it looks like a heinie.



Can a social network curb racial profiling? -  Prudential Jennison 20/20 Focus A(PTWAX) newsCan a social network curb racial profiling?

Can a social network curb racial profiling?Nextdoor became a magnet for racial profiling. An update aims to reduce such incidents, but what responsibility does the community message board have to do so?



Why Heath Ledger's Joker was the best Batman bad guy -  Prudential Jennison 20/20 Focus A(PTWAX) newsWhy Heath Ledger's Joker was the best Batman bad guy

Why Heath Ledger's Joker was the best Batman bad guyNo joke! A new video makes a convincing argument as to why the Clown Prince of Crime makes the perfect antagonist for the Dark Knight.



Google Fiber flips the switch on super-fast internet in Salt Lake City -  Prudential Jennison 20/20 Focus A(PTWAX) newsGoogle Fiber flips the switch on super-fast internet in Salt Lake City

Google Fiber flips the switch on super-fast internet in Salt Lake CityResidents are invited to check whether their address is served by 1-gigabit service, which costs $70 per month.



Beware of moldy bagpipes: Doctors warn musicians of health concerns -  Prudential Jennison 20/20 Focus A(PTWAX) newsBeware of moldy bagpipes: Doctors warn musicians of health concerns

Beware of moldy bagpipes: Doctors warn musicians of health concernsPlayers who don't regularly clean their instruments could end up suffering from "Bagpipe lung," according to a new case study.



How to remove pesky malware from your PC with Windows Defender Offline -  Prudential Jennison 20/20 Focus A(PTWAX) newsHow to remove pesky malware from your PC with Windows Defender Offline

How to remove pesky malware from your PC with Windows Defender OfflineSome malware is really good at hiding itself. You can thwart those malicious plans by running Windows Defender in offline mode.



Americans say science is why they've given up religion -  Prudential Jennison 20/20 Focus A(PTWAX) newsAmericans say science is why they've given up religion

Americans say science is why they've given up religionTechnically Incorrect: A new Pew survey finds that those who say they have no religion tend to cite science as one of the main reasons.



China's Mars rover concept looks like a butterfly -  Prudential Jennison 20/20 Focus A(PTWAX) newsChina's Mars rover concept looks like a butterfly

China's Mars rover concept looks like a butterflyChina plans to send an expedition to Mars soon, and it wants to land a very pretty rover on the surface.



Parents have little clue what their kids are doing online, study says -  Prudential Jennison 20/20 Focus A(PTWAX) newsParents have little clue what their kids are doing online, study says

Parents have little clue what their kids are doing online, study saysTechnically Incorrect: A Microsoft-sponsored survey suggests teens think their parents have little awareness of their online activity. And less than a third of parents suspect their kids have secret online lives.



Would you believe that Lincolns have the highest rate of owner satisfaction? -  Prudential Jennison 20/20 Focus A(PTWAX) newsWould you believe that Lincolns have the highest rate of owner satisfaction?

Would you believe that Lincolns have the highest rate of owner satisfaction?That's the case, according to the American Customer Satisfaction Index.



Hackers post 'Ghostbusters' star Leslie Jones' nude photos, private data -  Prudential Jennison 20/20 Focus A(PTWAX) newsHackers post 'Ghostbusters' star Leslie Jones' nude photos, private data

Hackers post 'Ghostbusters' star Leslie Jones' nude photos, private dataThe actor's website is reportedly compromised with hackers posting personal identification and private photos alongside racist commentary.



Microsoft jumps into the livestreaming business with its acquisition of Beam -  Prudential Jennison 20/20 Focus A(PTWAX) newsMicrosoft jumps into the livestreaming business with its acquisition of Beam

Microsoft jumps into the livestreaming business with its acquisition of BeamMicrosoft acquired Beam and its interactive livestreaming service as a way to bolster Xbox Live for a gaming culture crazy about eSports.



Video: How smart cities are using automation to increase energy efficiency -  Prudential Jennison 20/20 Focus A(PTWAX) newsVideo: How smart cities are using automation to increase energy efficiency

Video: How smart cities are using automation to increase energy efficiencyAt the TrustBelt 2016 conference in Chicago, TechRepublic spoke with Erin Grossi of UI Labs about how new technologies are accelerating the growth of smart cities.



Fingerprint scanner scares refugees away from safe haven -  Prudential Jennison 20/20 Focus A(PTWAX) newsFingerprint scanner scares refugees away from safe haven

Fingerprint scanner scares refugees away from safe havenIn northern France, authorities and charities have built three refugee camps with different technology and philosophies. But their good intentions can easily be undermined.



What goes up, must come down: Domino tower gives it up to gravity -  Prudential Jennison 20/20 Focus A(PTWAX) newsWhat goes up, must come down: Domino tower gives it up to gravity

What goes up, must come down: Domino tower gives it up to gravityThis colorful tower of dominoes was the third-tallest in the world, but something happened on its way to the top.



Fisherman reportedly kept $100 million pearl under his bed for 10 years -  Prudential Jennison 20/20 Focus A(PTWAX) newsFisherman reportedly kept $100 million pearl under his bed for 10 years

Fisherman reportedly kept $100 million pearl under his bed for 10 yearsThe 75-pound natural pearl is now on display in the Philippines, waiting to be authenticated. It kind of looks like a shiny wad of gum.



Google's balloon-fueled internet venture gets a new leader -  Prudential Jennison 20/20 Focus A(PTWAX) newsGoogle's balloon-fueled internet venture gets a new leader

Google's balloon-fueled internet venture gets a new leaderThe X research lab names Tom Moore the new general manager for Project Loon.



Tim Cook en Apple: 5 años que se traducen a 5 cifras récord -  Prudential Jennison 20/20 Focus A(PTWAX) newsTim Cook en Apple: 5 años que se traducen a 5 cifras récord

Tim Cook en Apple: 5 años que se traducen a 5 cifras récordHace exactamente cinco años, Cook tomó las riendas de la gigante de Cupertino. Bajo su mandato, la empresa alcanzó su récord de ventas para el iPhone, lanzó un reloj inteligente y abrió casi 500 tiendas por todo el mundo. ¿Cómo pintan los próximos 5 años?



Here are all your Pokemon saying, 'YAS!' in character -  Prudential Jennison 20/20 Focus A(PTWAX) newsHere are all your Pokemon saying, 'YAS!' in character

Here are all your Pokemon saying, 'YAS!' in characterBask in the jubilant absurdity of all your favorite Pokemonsters saying, "YAS!" in voices tailored to each character.



How to use PowerPoint 2016's stunning new Morph transition -  Prudential Jennison 20/20 Focus A(PTWAX) newsHow to use PowerPoint 2016's stunning new Morph transition

How to use PowerPoint 2016's stunning new Morph transitionPowerPoint 2016's Morph transition makes it easy to show motion, zoom in and out, and change shapes.



Her name is Rio and she dances on the stand: Kia heads to Paris -  Prudential Jennison 20/20 Focus A(PTWAX) newsHer name is Rio and she dances on the stand: Kia heads to Paris

Her name is Rio and she dances on the stand: Kia heads to ParisOh Rio, Rio, dance across the Kia stand.



How big data helped raise big money on the campaign -  Prudential Jennison 20/20 Focus A(PTWAX) newsHow big data helped raise big money on the campaign

How big data helped raise big money on the campaignIn a revealing interview, analytics firm CFB Strategies explains how big data helped his company generate over $90 million in contributions, and what business can learn from fundraising tactics.



Could life exist on Proxima b, the closest Earth-like planet in the universe? -  Prudential Jennison 20/20 Focus A(PTWAX) newsCould life exist on Proxima b, the closest Earth-like planet in the universe?

Could life exist on Proxima b, the closest Earth-like planet in the universe?A planet that could be Earth's cousin is circling the nearest star beyond our sun. Could Proxima b also host cousins of a different sort?



Hackers nab 25M accounts in another Mail.ru breach -  Prudential Jennison 20/20 Focus A(PTWAX) newsHackers nab 25M accounts in another Mail.ru breach

Hackers nab 25M accounts in another Mail.ru breachTwo hackers were able to steal email addresses and easily crackable passwords from three separate forums in this latest hack.



Found in space: Planet Proxima b could be Earth's closest cousin -  Prudential Jennison 20/20 Focus A(PTWAX) newsFound in space: Planet Proxima b could be Earth's closest cousin

Found in space: Planet Proxima b could be Earth's closest cousinIt's the biggest exoplanet news since the first one was spotted two decades ago. Meet Proxima b, the world beyond our solar system that future generations may visit one day.



TechRepublic to partner with CNET and City of Louisville to connect smart cities to professionals and their living spaces -  Prudential Jennison 20/20 Focus A(PTWAX) newsTechRepublic to partner with CNET and City of Louisville to connect smart cities to professionals and their living spaces

TechRepublic to partner with CNET and City of Louisville to connect smart cities to professionals and their living spacesBig data from smart cities can help businesses and professionals be more productive and efficient with their time. TechRepublic will be creating content from the CNET Urban Smart Home to show how.



Discovery of 'another Earth' revs plan for fly-by of laser-propelled spacecraft -  Prudential Jennison 20/20 Focus A(PTWAX) newsDiscovery of 'another Earth' revs plan for fly-by of laser-propelled spacecraft

Discovery of 'another Earth' revs plan for fly-by of laser-propelled spacecraftBreakthrough Starshot, the Stephen Hawking and Mark Zuckerberg-backed plan to send spacecraft to our stellar neighbors, has a new target, and it wants you to have the chance to glimpse it up close.



  

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