Latest news for Prudential Jennison 20/20 Focus A(PTWAX) (See analysis on PTWAX)
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Monday July 6th 2015: Latest financial news from the worldGermany, France press Greece to make fast, credible proposals
German Chancellor Angela Merkel and French President Francois Hollande, the euro zone's most powerful leaders, said Athens must move quickly if it wants to secure a cash-for-reform deal with creditors and avoid crashing out of the single currency. Raising the pressure on Greek Prime Minister Alexis Tsipras before a euro zone summit on Tuesday, the European Central Bank (ECB) decided to keep a tight grip on funding to Greek banks. By voting decisively against tough bailout conditions, as Tsipras had urged them to do, Greeks have strengthened his negotiating hand.
Energy leads Wall St. lower with eyes on Greece, China
Greek Prime Minister Alexis Tsipras promised German Chancellor Angela Merkel that Greece would bring a proposal for a cash-for-reforms deal to an emergency summit of euro zone leaders on Tuesday, a Greek official said.
Aetna CEO addresses antitrust concerns over Humana deal
By Caroline Humer NEW YORK (Reuters) - Aetna Inc's chief executive said Monday he was confident any antitrust review of the health insurer's proposed purchase of smaller rival Humana Inc would allow the deal to close in the second half of 2016. Mark Bertolini said Aetna had already prepared for possible divestitures to address overlaps with Humana's business in the largest-ever U.S. health insurance deal. Aetna has not discussed the deal directly with the U.S. Department of Justice, but has consulted with regulatory experts, Bertolini told cable channel CNBC.
Oil crashes 8 percent as Greek vote, Iran talks set off exodus
Oil prices suffered their biggest selloff in five months on Monday, falling as much as 8 percent as Greece's rejection of debt bailout terms and China's stock market woes set off a deepening spiral of losses. Adding to the pressure on oil, Iran and global powers were trying to meet a July 7 deadline on a nuclear deal, which could bring more supply to the market if sanctions on Tehran are eased.
U.S. banks post detailed crisis plans to avoid breakup threat
After the 2007-09 financial crisis, the banks were required to submit so-called "living wills" each year to show how they would proceed through bankruptcy during a crisis without quietly relying on government support to avoid putting the entire financial system at risk. Last year there was no such joint determination because while the FDIC did use the term, the Fed did not.
Samsung Elec second quarter profit below forecast after S6 supply shortage
Tech giant Samsung Electronics Co Ltd on Tuesday said April-June earnings will likely miss expectations, deflating hopes for a rapid return to strong growth after supply shortages plagued its latest smartphone launch. The result would be the highest quarterly profit since the second quarter of 2014. Samsung did not offer any details for its estimates and will disclose detailed results in late July.
Boeing says loss of Ex-Im Bank would be competitive disadvantage
Loss of U.S. Export-Import Bank financing would put Boeing Co at a "huge competitive disadvantage" since its rivals still have access to such financing support, the head of the company's commercial aircraft division told reporters on Monday. Ray Conner, president of Boeing Commercial Airplanes, said Boeing was seeking to reassure its customers that the U.S. Congress would soon reauthorize the bank's charter, but said the fact it had lapsed at the end of last month created some doubt. "We absolutely need Ex-Im Bank to compete on a level playing field," Conner said after a ceremony marking delivery of the first 787 Dreamliner to Vietnam Airlines, an aircraft that was purchased with the help of Ex-Im financing.
Services sector activity growth slows in June: Markit
U.S. services sector expansion eased for a third straight month in June, pressured by a slowdown in employment and output growth, an industry report showed on Monday. Financial firm Markit said its final reading of its Purchasing Managers Index for the services sector slipped to 54.8 in June, matching the preliminary reading. Markit's May reading of new business at service companies ticked higher from the prior month and was above the preliminary reading.
Airbus leads Boeing on first-half orders, behind on deliveries
European planemaker Airbus beat its U.S. rival Boeing on orders in the first half of this year, after a tight contest at last month's Paris Airshow, but remained behind on deliveries, data showed on Monday. Airbus said it had won orders for 382 aircraft in the first six months of the year and delivered 304 planes to customers. After cancellations and conversions between models, net orders totalled 348 aircraft, it said.
Teva plans to raise Mylan bid by as much as $2 billion: Bloomberg
(Reuters) - Teva Pharmaceutical Industries Ltd is preparing to raise its bid for rival drugmaker Mylan NV by as much as $2 billion, to $43 billion, Bloomberg reported on Monday, citing people familiar with the matter. The improved proposal could be announced as soon as this week, Bloomberg said. Teva may offer $86 to $88 per share for Mylan, up from the $82 per share it bid in April, Bloomberg reported.
Documentary explains why 'Shenmue 3' is a big deal
The Shenmue series represents a milestone in the gaming industry for many fans, a point where console experiences truly took off. The first Shenmue, released in 1999 for the Sega Dreamcast, was an immersive, ...
Microsoft has $500K in prize money for HoloLens science projects
Microsoft wowed me a few weeks ago with its internal HoloLens programs, but like we've seen with Kinect, the coolest uses aren't always the ones Redmond devised. To help make more applications a reality, ...
Laser projection creates galloping horse movie on the clouds
A bright green horse was projected across the sky over Nottingham late last month. It wasn't a Bat-Signal-style projection that was made from a searchlight on the ground. Instead, the silhouette of a rider ...
Apple Stores to carry third-party accessories in custom boxes
Apple is well-known for being very particular about its packaging... and it apparently cares about other companies' packaging, too. According to 9to5Mac, the tech giant is telling retail staff that it ...
YouTube star PewDiePie made $7 million in 2014
Last year around this time, word got out that Felix Kjellberg, a 24-year-old Swedish bro known online as PewDiePie, made $4 million a year by playing video games, recording his reactions and uploading ...
Helio's cellphone service comes back to life with a $29 plan
Remember Helio, the virtual carrier that tried to cater to the tech-savvy young crowd (not so successfully) with data-centric plans and rebranded basic phones? It's baaaack. Ubi Telecom, a mobile company ...
Comedy Central channel starts streaming on Roku
It took a while, but Comedy Central is finally bringing its video content to Roku's streaming devices. As Variety points out, although the network hasn't made an official announcement, the channel's now ...
TiVo gives ex-Aereo customers a break on its cord-cutter DVR
TiVo made no bones about wanting to scoop up Aereo's former cord-cutter TV business, and that apparently includes many of its viewers. The DVR provider has launched a promo for ex-Aereo customers that ...
Prepare to be inundated with Happy Birthday tweets
Do you enjoy getting a truckload of birthday wishes on Facebook each year? Well, prepare for the same thing to happen via Twitter. The 140-character social network now allows you to add your birthday to ...
Microsoft delivers Skype for Business app for Windows Phone
5 Entrepreneurs Share the Importance of Finding a Great Mentor
This past Father's Day, I was reflecting on the fact that I actually have three dads I can look up to...There's my real dad, whose love and support have helped me get where I am today. Not many parents would trust their high school kid to take control of thousands of dollars of Bar Mitzvah money, but he and my mom took a chance on me that's...
Saturn Return Strikes Again!
Ain't that the truth?In a couple of weeks, I'll turn 28 and wow, let's just say this: what a difference 9 months can make.Since last September, I've quit two jobs and became convinced that the journey I had set myself on, wasn't actually for me. For the last 27 years, I felt as though I was like one of those people who channel surfs from...
AMD sees weaker than expected Q2 sales ahead
Advice for New Entrepreneurs Starting a Business
Oliver C., a student at the University of Southern California asks:"I've been listening to your Money Girl Podcast for a few weeks now and have to say thank you for all the information you are sharing. I'm opening up a small business and want to know what financial services, like banking and taxes, you recommend that most people don't consider...
Microsoft's latest app experiment helps you get friends together
Microsoft's Garage team has tried to solve many everyday problems with its experimental mobile software, but it's now tackling one of the most common: how do you get your friends together for a night on ...
Wall Street Falls Amid Greek Uncertainty
U.S. equity markets pulled back as traders continued to asses what's next for Greece after voters overwhelmingly rejected European bailout terms involving more taxes, pension reform.
Windows 10 preview turns Xbox Music into 'Groove'
Welcome to the new music experience in Windows 10. As hinted at earlier this morning by Paul Thurrott, the company just announced it's rebranding the Xbox Music experience to "Groove", while ...
Energy Sector Plummeting on Sinking Oil
The energy sector has taken a beating over the last several months and now finds itself under increasing pressure with uncertainty in Greece.
Bing Maps adds trip-planning tools and easy access to reviews
If you prefer Bing Maps as your go-to navigation tool, the software's preview version received a big redesign. Focused primarily on helping you plan trips, a load of new features aim to make it easier ...
How Do Hotels Really Feel About Guests Taking Things From Their Rooms?
Is it stealing if you take certain items in your already paid-for hotel room like soap, shampoo, stationery, etc?: originally appeared on Quora: The best answer to any question. Ask a question, get a great answer. Learn from experts and access insider knowledge. You can follow Quora on Twitter, Facebook, and Google+.Answer by Michael Forrest...
Microsoft rebrands Xbox Music as 'Groove'
U.S. World Cup Title Draws Record TV Ratings
The U.S. national team won its first World Cup title in 16 years, a victory that drew a record TV audience at home and puts the Americans in line for lucrative endorsement opportunities.
Mission Transition: Much Accomplished, But More to Do
Photo by Rebecca Drobis / U.S. Chamber of Commerce It was an honor to present at last week's Mission Transition summit in Washington, D.C., alongside President George W. Bush and former First Lady Laura Bush. I joined decision-makers from every sector and industry to discuss the transition process for post-9/11 veterans and military families....
iOS 8.4 update causing problems? Here's how to fix them with a full install
Check out Predator's gory moves in 'Mortal Kombat X'
Predator -- the Invisible Eviscerator; the Brutalizer in the Brush -- creeps into Mortal Kombat X tomorrow, July 7th, for anyone who owns the $30 Kombat Pack as well as the full game. For everyone else, ...
Soaring Ticket Prices a Result of Airline Mergers?
Spirit Airlines CEO Ben Baldanza on the DOJ investigation into price collusion among U.S. air carriers.
Reddit offers an olive branch to moderators: 'we apologize'
Reddit didn't curry any favor with its legions of users when it sacked its much-admired director of communications, but it's at least trying to make amends. Company chief Ellen Pao has issued an apology ...
Uber pushes for rule changes by using drivers as mail couriers
Uber is no stranger to using grassroots campaigns to push for pro-ridesharing regulation, but it just took things one step further: it's turning its app into a political activism tool. If you live in St. ...
ChicMompreneur's Budget Friendly Biz Tool of The Month
Why is 99designs awesome enough to make it on our ChicMompreneurs Favorite Biz Tool of the Month?Well, to be honest, up until early June, I had never heard of 99designs. Don't ask me why, because it should have been on one of our many lists of must have tools for the new and established Entrepreneurs.What is 99designs?For freelancers,...
Batgirl joins 'Batman: Arkham Knight' on July 14th
Gotham, get ready. The first bit of DLC for Batman: Arkham Knight stars Batgirl, and it's due to hit PlayStation 4 and Xbox One on July 14th for $7 in North America (£5.80 in the UK). This is a story-based ...
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