Latest news for Prudential Jennison 20/20 Focus A(PTWAX) (See analysis on PTWAX)
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Tuesday March 3rd 2015: Latest financial news from the worldStrong German retail sales keep European shares near seven-year highs
By Marius Zaharia LONDON (Reuters) - European shares rose close to seven-year highs on Tuesday as better than expected German retail sales further buoyed investors days before the European Central Bank kicks off a trillion-euro bond buying program. The gains follow a rise in Asia and another record day on the Wall Street . Euro zone government bond yields were slightly higher but remained near record lows as investors anticipated the ECB's purchases. German retail sales rose 2.9 percent month-on-month and 5.3 percent year-on-year in January, more than economists had forecast, helping lift Germany's DAX index 0.4 percent.
Barclays gives information to U.S. precious metals probe
Barclays has been providing information to an investigation into precious metals by the U.S. Department of Justice (DoJ), the bank said in its 2014 annual report on Tuesday, a week after a similar statement by HSBC. The DoJ and the Commodity Futures Trading Commission are investigating at least 10 banks for possible rigging of precious metals markets, the Wall Street Journal reported last week, citing people close to the inquiries. Tuesday's acknowledgment of its involvement in the investigation comes after HSBC said in its annual report on Feb. 23 that the DoJ had issued a request to HSBC Holdings in November seeking documents related to a criminal antitrust investigation it was conducting.
Brent crude up $1 to over $60.50 as global markets firm
By Henning Gloystein SINGAPORE (Reuters) - Brent crude oil prices rose more than a dollar to above $60.50 a barrel on Tuesday, tracking firmer Asian markets, but analysts warned the market remained oversupplied. Most Asian stock markets edged up on Tuesday, bolstered by a record day on Wall Street, while a resurgent yen helped knock the U.S. dollar index off an 11-year high, making commodities priced in the greenback slightly cheaper for holders of other currencies. A drop in U.S. rig counts is also boosting oil prices, analysts said. "Brent crude prices (are) attempting to rally on rapid week-on-week reduction in U.S. ... rig count," Morgan Stanley said on in a note on Tuesday.
What would the Dow look like if it included Apple?
By Rodrigo Campos and Chuck Mikolajczak NEW YORK (Reuters) - It may be by far the most valuable American company but Apple Inc still can’t get into at least one exclusive club – the 30-member Dow Jones Industrial Average. It is, though, hurting those who tie their investments to the performance of the venerable Dow, which was first calculated in 1896 and is still probably the best-known stock index in the world. Since Apple split its shares seven-for-one last June 6, it’s delivered investors a gain of more than 43 percent including dividend payments, and that has contributed almost one third of the Nasdaq 100’s return of 18.6 percent, according to ETF.com. By comparison, the Dow’s total return has been only 8.97 percent over that period, and it has also underperformed the S&P500 – which does include Apple – and has a 9.56 percent return. Had Apple been substituted for 29 of the 30 Dow components last June, the index would have been higher.
Connecticut launches probe into Lenovo use of Superfish software
Connecticut Attorney General George Jepsen's office said on Monday it has launched an investigation into Lenovo Group Ltd's sales of laptops pre-loaded with Superfish software, which the U.S. government last month warned made users vulnerable to cyber attacks. The office said that Jepsen last week sent letters to Lenovo, the world's biggest personal computer maker, and privately held software maker Superfish asking them to provide information, including contracts and emails that discuss their partnership. Reports that the pre-loaded software tracks users' web searching and browsing for advertising purposes are "alarming revelations" that suggest Lenovo may have "seriously undermined computer users' online security and privacy," Jepsen said in his Feb. 27 letter to Lenovo. A Lenovo spokesman said the company has seen Jepsen's letter "and will cooperate in responding to the query." Superfish has not yet received the letter but expects to cooperate fully with the investigation, according to an email from a spokeswoman.
Barclays takes $1.2 billion charge as FX settlement looms
By Steve Slater and Matt Scuffham LONDON (Reuters) - Barclays took a 750 million pound ($1.2 billion) charge in the fourth quarter as it prepares to settle allegations its traders manipulated foreign exchange markets, overshadowing the bank's efforts to slash costs and boost profits. Past conduct problems continue to dog Barclays Chief Executive Antony Jenkins, but despite the burgeoning budget for litigation he accepted his first bonus since taking charge three years ago, helping to boost his total pay to 5.5 million pounds from 1.6 million in 2013. Barclays increased its litigation provision by 250 percent to 1.7 billion pounds, but Jenkins said the bank would make significant progress this year in resolving the forex probes. Barclays pulled out of settling allegations its traders tried to rig foreign exchange benchmarks in a deal between U.S. and UK authorities and six rival banks in November because it had not reached a deal with New York's regulator.
United Airlines sees potential fit for Boeing 777-300ER, not yet 777X
(Reuters) - United Airlines has no immediate interest in purchasing 777X aircraft from Boeing Co but views the plane's predecessor, the 777-300ER, as a potentially good fit for its network, the carrier's Chief Financial Officer, John Rainey, told Reuters in an interview Monday. While Rainey has said the 777-300ER interests United, he noted Monday that the aircraft could be a quick fix in markets where United needs additional seats to satisfy demand so customers are not forced to book on United's competitors. United currently is considering whether to swap Boeing 787 Dreamliners it has on order for its first 777-300ER aircraft, which can fit more seats. The swap would be a victory for Boeing, which has long insisted it can sell the 100 777-300ERs it plans to produce annually before it shifts toward building the 777X, starting in 2017.
Volkswagen on track with efficiency program: CEO
FRANKFURT (Reuters) - Volkswagen is optimistic it will reach its cost saving targets, which should help the company to narrow the profit gap with international rivals. "We are on track with our efficiency program," CEO Martin Winterkorn said in an interview on German TV channel ZDF. Europe's largest carmaker, which sold a record 10.1 million vehicles across the multi-brand group in 2014, is seeking to cut costs at its core division by 5 billion euros ($5.66 billion) over the next two years. (Reporting by Kirsti Knolle; Editing by Georgina Prodhan)
IBM shareholder sues company, alleging it overvalued chip unit
By Jonathan Stempel NEW YORK (Reuters) - IBM Corp was sued on Monday by a shareholder that said it committed securities fraud by failing to write down a money-losing semiconductor unit before agreeing to pay another company $1.5 billion to take that unit off its hands. The lawsuit filed in Manhattan federal court arose from IBM's announcement last Oct. 20 that it would sell the unit to GlobalFoundries Inc, and take a related $4.7 billion pre-tax charge. Warren Buffett's Berkshire Hathaway Inc is among IBM's largest shareholders. According to the complaint, IBM inflated its stock price before selling the semiconductor unit by carrying the unit's property, plant and equipment assets on its books at $2.4 billion, when it should have known the assets were worthless.
Former HP chairman admits 'mistake' in sexism trial
By Sarah McBride and Dan Levine SAN FRANCISCO (Reuters) - Onetime highflying tech executive Ray Lane testified on Monday during a sex discrimination trial involving his former employer, Kleiner Perkins Caufield & Byers, that he made a mistake in judgment involving the harassment of a female venture capitalist at the firm, and that he feared for the woman's safety. Lane, who previously served as executive chairman of Hewlett-Packard Co and president of Oracle Corp , told the court he erred in not immediately informing others that Trae Vassallo told him about unwanted advances by her colleague, Ajit Nazre, during a 2011 business trip.
US stock market wavers in early trading
General strike shuts down services across Greece
ATHENS, Greece (AP) — Services across Greece shut down Wednesday as unions staged a 24-hour general strike and held peaceful demonstrations to protest further austerity cuts in the cash-strapped country.
Unemployment rates fall in two-thirds of US states
Unemployment rates fell in two-thirds of U.S. states last month, evidence that modest economic growth is boosting hiring in most areas of the country.
US stocks edge higher in afternoon trading
Stocks were on track to finish higher Thursday afternoon for the second day in a row as investors drew encouragement from reports on Chinese manufacturing, U.S. home sales and some positive earnings from Best Buy, Dollar Tree and other retailers.
US stocks edge higher in midday trading
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.
US stocks are mixed in early trading
This is how Microsoft will unite your Windows 10 devices
SAP inks partnerships to extend Internet of Things services
iPhone 6 and iPhone 6+ boost Apple past Samsung, making it top smartphone seller
BlackBerry unveils all-touch five-inch Leap
BlackBerry outs touchscreen Leap, teases slider BlackBerry
BlackBerry will release a curved-screen slider phone later this year
BlackBerry's recovery relies on the company's reinvention as a software and services business, which has enabled its hardware designers to go a little bit wild. At Mobile World Congress, BB's handset chief ...
Sony will equip Virgin Atlantic engineers with its wearables
Who'd ever be dorky enough to wear a smartglass and a smartwatch at the same time? Virgin Atlantic employees, apparently. The company has partnered with Sony to equip its plane engineers at Heathrow Airport ...
BlackBerry aims at young professionals with the low-cost Leap
We're here at BlackBerry's cozy MWC press event waiting anxiously for CEO John Chen (or anyone, for that matter) to pull back the curtain on the oft-rumored BlackBerry Leap. So far all we've gotten is ...
IoT devices not secured by design
Internet of Things devices are not originally built to be robust against attacks, resulting in vulnerabilities that can lead to severe repercussions if left unchecked, such as data that's being collected and acted upon in Singapore's smart nation plan.
Optus plugs touch payments into wearables
Inside Samsung's innovation center: The Israel hub hothousing the next big thing in tech
Box, Cisco, AirWatch, Workday, Xamarin launch enterprise app standards group
HP lands network virtualization deal with Telefonica
Google OKs pre-installing Waze on Android devices
Next time you buy an Android phone, you just might find Waze among its pre-installed apps. See, it's now part of Google Mobile Services, or what you call the list of Android apps that manufacturers and ...
Carrying too many credit cards? There's a card for that
Cuts to Australian R&D tax offset voted down by Senate
A proposal by the government to cut Australia's R&D tax offset rate by 1.5 percent has been defeated in the Senate, with the Labor opposition calling the move a win for innovation among local small and medium-sized enterprises.
Facebook 'wants to help' telcos facing woes due to Facebook
Unapologetic about undercutting traditional telco revenues in SMS and voice with Facebook Messenger, CEO Mark Zuckerberg has said that Facebook can help mobile companies drive up revenue through increased data usage.
Retained data set and breach notification set to become law
Google Street View cameras zip through (and over) the Amazon
Google already has some odd ways of getting its Street View cameras into hard-to-reach places, but its latest effort might just take the cake. The search firm has posted panoramic imagery of the Amazon ...
New Chinese regulation hits online lottery sellers Alibaba, Tencent
Tomorrow Daily 137: HTC Vive, playing music with mold, 3D-printed snacks and more
Netflix plots summer release dates for 'Sense8', OITNB and more
Even if you're slow-burning instead of binging on House of Cards, you'll still need a few backups once you're through with Frank & Claire Underwood's world domination tour. Netflix has revealed release ...
Rhapsody in Mew: The music scientifically composed for kitties
Yahoo marks 20th birthday with world yodeling record
The yodeling of 3,400 amateur yodelers sounds exactly like you think it would.>
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