Latest news for Prudential Jennison 20/20 Focus A(PTWAX) (See analysis on PTWAX)
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Latest business news
Monday October 5th 2015: Latest financial news from the worldWall Street rises as investors eye rate hike delay, oil up
The S&P's five-day rise of 5.6 percent was its best five days back to late 2011. Friday's U.S. nonfarm payrolls report for September showed job growth slowed in the last three months, increasing prospects that the era of near-zero interest rates will continue for a while yet. "Wall Street's favorite movie is nightmare on your street.
Historic Pacific trade deal faces skeptics in Congress
By Krista Hughes and Kevin Krolicki ATLANTA (Reuters) - Twelve Pacific Rim countries on Monday reached the most ambitious trade pact in a generation, aiming to liberalize commerce in 40 percent of the world's economy in a deal that faces skepticism from U.S. lawmakers. The Trans-Pacific Partnership (TPP) pact struck in Atlanta after marathon talks could reshape industries, change the cost of products from cheese to cancer treatments and have repercussions for drug companies and automakers. New Zealand's demand for greater access for its dairy exports was only settled at 5 a.m. EDT (0900 GMT) on Monday.
U.S. to announce resolution over 2010 BP oil spill: statement
WASHINGTON (Reuters) - The United States on Monday will announce its resolution of federal and state claims against BP PLC over the 2010 Deepwater Horizon Oil Spill, the U.S. Department of Justice said in a statement,
VW has no evidence against suspended top engineers: source
By Andreas Cremer BERLIN (Reuters) - Volkswagen has not found any evidence against three top engineers suspended as part of its internal investigation into the rigging of U.S. emissions tests, a source close to the company's supervisory board told Reuters on Monday. Two sources said the German carmaker's internal inquiry had found employees began to install software designed to cheat diesel emissions tests in 2008, after realizing a new engine developed at great cost would fail to meet both U.S. emissions standards and in-house cost targets.
U.S. service sector growth ebbs in September
American Apparel files for bankruptcy, operations to continue
American Apparel, one of the only clothing retailers still manufacturing in the United States, said its stores and manufacturing operations would continue to operate normally under a restructuring deal reached with most secured lenders. "If it can continue to operate through the upcoming holiday season and generate increased holiday revenue, it just might emerge from bankruptcy," Jerry Reisman, bankruptcy attorney at Reisman Peirez Reisman & Capobianco LLP, said in an email. American Apparel said it expected to cut its debt to $135 million from $300 million through the elimination of more than $200 million of bonds in exchange for equity.
Twitter appoints Jack Dorsey CEO, seeks new chairman
Twitter Inc named Jack Dorsey as its permanent CEO but said it would look elsewhere for a chairman, seeking to allay concerns about its co-founder's dual role as head of the mobile payments company Square. Twitter's shares rose as much as 6 percent on Monday after the announcement, which ended months of speculation about who would take the top job at the microblogging service. Dorsey has been running Twitter as interim CEO to much acclaim since his predecessor, Dick Costolo, stepped down on July 1.
Nelson Peltz's Trian takes $2.5 billion stake in General Electric
Activist investor Nelson Peltz's fund has bought a $2.5 billion stake in General Electric Co, adding fresh pressure on the U.S. conglomerate to pull off its plan to shift away from finance operations toward its industrial roots. Shares of Dow industrials component GE rose 4.5 percent to $26.60 on Monday after Peltz's Trian Fund Management disclosed its roughly 1-percent stake, and said the stock could be worth $40 to $45 per share by the end of 2017. Trian, which said its biggest-ever investment also makes it a top-10 GE shareholder, said it wanted GE to cut costs to expand operating margins, explore more share buybacks including by taking on new debt, be disciplined in its acquisitions and consider ways to further scale back GE Capital.
Air France managers flee as staff storm meeting on job cuts
Air France managers fled a meeting on Monday about mass job cuts after angry staff waving banners and flags stormed the room, according to Reuters journalists present at the scene. Television images also showed airline human resources and labor relations chief Xavier Broseta being jostled, his shirt ripped off and his tie hanging from his neck, battling his way through crowds of workers as he sought to escape. Broseta and Air France Chief Executive Frederic Gagey had been detailing a "Plan B" to reduce costs at the carrier after negotiations with pilots and cabin crew in an effort to reach concessions that could lead to a softer deal failed.
DuPont CEO Ellen Kullman to retire
Edward Breen, a member of the DuPont board, will assume the role of interim CEO, DuPont said on Monday. Kullman, who joined the company more than 27 years back, has been its CEO since 2009. Under Kullman, DuPont fended off an attempt by activist investor Nelson Peltz's Trian Fund Management to land board seats earlier this year.
Department of Justice plans to crackdown on counterfeits sold online
These days, people are resorting to the internet for most of their shopping. Who can blame them; the experience is far more convenient, and often cheaper, than going to traditional brick-and-mortar retail ...
Russia orders Google to loosen its Android policies by November 18th
A True Story: 20 Ways The Office Has Changed Since 1981
Do you ever think about how much the average office life has changed in the past 5 years alone? How about over 30 years? A friend of mine who worked for the same company for 34 years shared his most compelling reflections and short stories.I leave you to judge what has changed for the better, and what has changed for the worse ...1. There were...
Why You Don't Need An MBA to Have a DBA
It's not every day that I get to interview a performing artist turned entrepreneur, and Jaclyn Mullen's story was one of the best examples of why you don't need to have an MBA (or any degree for that matter) to launch your entrepreneurial endeavor. Why do you say you don't need an MBA to have a DBA? I came from a family of entrepreneurs. My...
One Quality That Will Make You a Better Leader
It is another busy afternoon. Your schedule is full and there is little time for you to accomplish those items on your list that demand your attention. You are waiting to hear back from the VP of Sales who is in a meeting with a key potential customer, and your next meeting is with your VP of Marketing. She is coming in to update you on the...
Sony and Verizon just scrapped the Xperia Z4v's US launch
Bud Light's connected fridge ensures you never run out of beer
There's no good time to run out of beer. And if it's going to happen, it's usually when you have friends over or your team is in a close game. To ease the frustration of drinking up all of your suds, Bud ...
Chrome OS devices can now act as programmable Bluetooth LE beacons
Are Tech Startups Losing Their Charm?
Originally posted on LinkedIn."Tech" and "startup" are popular buzzwords. Use them together, and you've got literary "synergy," the crowned king of buzzwords. These words are like fuel to a flaming conversation, blazing with interest and hype. Just 15- 20 years ago, tech startups were rare gems, and few were lucky enough to jump on the...
Microsoft to enable users to run Windows 10 on Azure
3 Easy Ways to Take Control of Your Inbox Now
Is your inbox out of control? Does the thought of even opening your mail folder fill you with stress and dread? You're not alone.Inbox overwhelm is practically a national pastime these days. We're switched on and plugged in all the time. We're constantly seeking information so we can do more, be more, achieve MORE. It's not a wonder many...
Apple Watch Hermès leather bands are now available
In case you haven't been paying attention for the last seven months or so, it's very, very easy to spend a lot of money on an Apple Watch. But if Apple's own lineup of bands and crazy expensive solid-gold ...
You'll soon watch 4K live sports with HDR... in Canada
Why Looking Bad Can Be Good
Over the last few months I seemed to have a problem when it came to running down hills.I kept falling down. I stumbled all over the place. With absolutely no grace.If you've ever experienced this kind of trend, you know it can get pretty old.It all began last year, when I decided to try trail running for the first time ever. I was okay going up...
Thousands of images from NASA's Apollo missions make it to Flickr
Sensor-equipped plant pods take the guesswork out of indoor gardening
Android Marshmallow begins rolling out to Nexus devices today
As expected, Nexus owners are in for a treat this week as Google's latest OS revisions begins rolling out to select devices. According to a post on the Official Android Blog, the Nexus 5, 6, 7 (the 2013 ...
Facebook outages caused by failed software updates
Survey: The best and worst enterprise apps
10 Cold Hard Cash Careers That Don't Require A Degree
Not everyone should go to college. Once upon a time, every proud mama and papa wanted their precious little cherub to grow up to be a rich doctor, lawyer, or banker. Today's landscape has changed. These days it can pay to be a blue-collar worker. And I mean that literally: the U.S. is on track to generate millions of jobs over the next decade,...
What to expect from Microsoft's Windows 10 device event
Here are the trends that may rattle your IT teams
HP launching open source network OS, OpenSwitch dev community
What If Janet Yellen Joined Todd Stern in Paris?
On December 11, the UN Climate Change conference in Paris (called COP-21) will be wrapping up, and the headlines will announce if the negotiators were able to agree to save the Earth or not. Todd Stern, the U.S. State Department's Special Envoy for Climate Change, will be leading the U.S. delegation at COP-21. At the photo op at the end of the...
Confessions of a 'Rock Band 4' drum queen
Brazil gets fifth sci-tech minister in four years
Zignal Labs launches command center to drive social channel insights
Tracking stories on social media, in traditional print publications, news, television, and more 24/7 in real time is hard. Managing and analysing these stories to take action is also a challenge. Zignal's command centre aims to give you the social intelligence you need to take action
I left Android for the iPhone 6s Plus. First I hated it. Then I didn't
Here's what changed: Buying a new phone and switching platforms can be a pretty big endeavor. Sometimes, it's important to take a step back and learn the new platform before raging against the machine.
Google releases Android 6.0 Marshmallow for Nexus devices
Nissan's concept car is covered in displays for the selfie generation
There's little doubt the cars of the future will be increasingly more high tech. However, if Nissan has anything to do with it, those vehicles could be blanketed in customizable displays, too. The Japanese ...
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