Latest news for Prudential Jennison 20/20 Focus A(PTWAX) (See analysis on PTWAX)
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Monday August 31st 2015: Latest financial news from the worldAsian shares slip as downbeat China PMIs revive growth fears
Asian shares fell on Tuesday and the dollar struggled after twin surveys showed China's manufacturing sector in the grip of its worst slump in several years, raising fresh fears about the health of its economy. China's official Purchasing Managers' Index (PMI) fell to 49.7 in August from the previous month's reading of 50.0, the weakest showing in three years. Separately, the private Caixin/Markit China Manufacturing Purchasing Managers' Index (PMI) showed a final reading of 47.3 in August, the lowest since March 2009.
Apple partners with Cisco to boost enterprise business
(Reuters) - Apple Inc on Monday teamed up with network gear maker Cisco Systems Inc to improve the performance of its iPad and iPhone devices on Cisco's corporate network. Cisco will provide services specially optimized for iOS devices across mobile, cloud, and on premises-based collaboration tools such as Cisco Spark, Cisco Telepresence and Cisco WebEx, the companies said in a statement. Apple is expanding its foothold in the enterprise arena at a time when iPad sales are shrinking.
Oil prices drop 3 percent as investors retreat from overnight gains
By Keith Wallis SINGAPORE (Reuters) - Oil prices fell 3 percent in Asian trade on Tuesday, with investors covering short positions and taking profits after Brent and U.S. crude soared more than 8 percent in the previous session. Both Brent and U.S. crude prices dropped nearly $2 a barrel shortly after trading in Brent started on Tuesday before recovering later in the session. "A lot of the fall was due to short covering," said Ben Le Brun, market analyst at Sydney's OptionsXpress.
Chipotle sued over GMO-free menu claims
A California woman has accused the popular chain in a lawsuit of false advertising after it trumpeted on April 27 that it was the first national restaurant company to use only ingredients that are free of controversial genetically modified organisms, or GMOs. In her lawsuit filed Friday in federal court in San Francisco, the plaintiff Colleen Gallagher also alleged that Chipotle violated the Federal Food, Drug and Cosmetic Act because its food labeling is false and misleading, and deceived diners into paying more for their food. "As Chipotle told consumers it was 'G-M-Over it,' the opposite was true," the Piedmont, California resident said.
Nerves on edge as Chinese authorities probe market mayhem
BEIJING/LONDON (Reuters) - The head of hedge fund manager Man Group Plc's China business has been taken into custody to help authorities in a probe into recent market volatility, Bloomberg reported on Monday, while separately a local financial reporter confessed on national TV to having spread false information that caused "panic and disorder". Both are likely to jangle nerves in the financial industry as regulators try to find out who they think was behind China's wild stock market rollercoaster ride in the past three months. Authorities have been investigating possible market manipulation following wild swings in the stock markets, which have plunged around 40 percent since mid-June on concerns of a slowing economy and a surprise devaluation of the yuan currency earlier this month.
China August factory activity shrinks at fastest pace in three years, services cool
China's factories continued to suffer from sluggish demand at home and abroad, which has saddled some firms with enormous amounts of idle capacity and forced them to cut prices, eating into profits. New export orders fell to 47.7 from 47.9 in July, contracting for an 11th consecutive month, according to data from the National Bureau of Statistics. A preliminary, private survey released in August showed China's factory sector shrank at its fastest rate in almost 6-1/2 years in August, fanning global concerns that the economy may be slowing more sharply than earlier feared.
Fiat Chrysler offers $100 debit cards to owners of recalled U.S. vehicles
Fiat Chrysler Automobiles is offering $100 prepaid debit cards to owners of recalled vehicles to help ensure cars and trucks with potential safety defects get repaired, the company said on Monday. The U.S. arm of the automaker is also offering $1,000 in special discounts or incentives to the owners of recalled vehicles, if they choose to trade them in and buy a new car or truck. FCA has had difficulty convincing some owners of its older-model recalled vehicles to bring them in for repairs, including Jeep Grand Cherokee sport utility vehicles from model years 1993 to 1998 and Jeep Liberty SUVs from model years 2002 to 2007.
Exclusive: Citi aims to boost equities franchise amid industry shakeout
By John McCrank and Olivia Oran NEW YORK (Reuters) - Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalize on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according to people familiar with the bank's plans. COURTING HEDGE FUNDS Citi has catered to traditional asset managers, but is now shifting its attention to hedge funds, which tend to trade more actively and can bring higher returns through fees.
Internet entrepreneurs back Chinese Tesla rival NextEV
By Edward Taylor and Paul Lienert FRANKFURT/DETROIT (Reuters) - A group of deep-pocketed China-based internet entrepreneurs and financial investors, including Tencent and Hillhouse Capital, is backing an effort to create NextEV, a new rival to U.S. electric car maker Tesla Motors Inc . Hillhouse is also an investor in Uber, the U.S. ride sharing service.The backers have hired ex-Ford Motor Co executive Martin Leach to build a global automaker, a NextEV spokeswoman said on Monday. The backers have also recruited experts with previous experience at Tesla, BMW AG , Volkswagen AG and other major car companies.
Venture capital cash surfers may see waves recede in market turmoil
By Sarah McBride and Heather Somerville SAN FRANCISCO (Reuters) - The waves of cash surfed relentlessly by some of Silicon Valley's largest venture-backed businesses are showing signs of receding amid concern the companies may already be worth more than their likely valuations once they finally go public. Investors have created 132 privately held companies valued at $1 billion or more each, according to tracker firm CB Insights, including ride-hailing service Uber [UBER.UL], accommodation service Airbnb and messaging app Snapchat. In the last couple of years, the biggest VC-backed firms, dubbed "unicorns" in 2013 by venture capitalist Aileen Lee of Cowboy Ventures, raised increasing amounts of money at a rapid pace.
Google's custom self-driving car comes to Austin
Google's cute, koala-faced self-driving car is no longer limited to roaming around Californian streets. The company is bringing "a few" of the prototype autonomous vehicles to Austin, Texas within ...
Old Atari games had graphics glitches because of CPU bottlenecks
There goes the neighborhood: 'Black Ops 3' brings back Nuk3town
Uber wants Australian Federal Court to define taxi travel
Sale of buried Atari cartridges nets over $107,000
The never-ending saga of the Atari 2600 E.T. cartridges that were famously buried (and later unearthed) in Alamogordo, New Mexico continues to benefit the small town. Last November, a selection of games ...
What's on your HDTV: 'Mad Max', college football, 'Mr. Robot' finale
After delaying its finale a week, Mr. Robot wraps up its run this week on USA. Of course, you'll probably want to check out Max Max: Fury Road on Blu-ray first, or the accompanying videogame on several ...
GoPro wants you to make short videos on your action camera
India moves forward with Google antitrust probe
Negative business sentiment to hurt Korean tech firms in 3Q
Apple is reportedly planning to make its own original video content
IBM secures five-year AU$450 million partnership with ANZ
Malware swipes 225,000 Apple accounts through jailbroken iPhones
Jailbreaking an iPhone gives you the freedom to run the apps and interfaces you want (rather than those allowed by Apple), but it also carries some inherent risks -- you're giving apps much more control ...
Interview: Dell's PC boss Jeff Clarke explains his strategy for success
In an exclusive interview, Dell vice president Jeff Clarke explains the private company's solution-based approach to the enterprise market - Transform, Connect, Inform, Protect - and its renewed focus on selling PCs to consumers and small office/home office users.
Transgender Awareness Training: A Business Essential
We have already reached the tipping point for transgender people in society and are quickly moving beyond it into new, uncharted territory. One seemingly cannot read a newspaper or magazine or turn on the television these days without encountering some mention of the transgender phenomenon. Caitlyn Jenner nearly broke the internet when she...
Nintendo's smaller New 3DS comes to the US on September 25th
New 'Feminist Frequency' video examines 'women as reward'
Public Wi-Fi provision in Brazil takes off
Mini review video: our verdict of Samsung's GS6 Edge+ in under a minute
Part I of 2: Boost Your Emotional Intelligence: Take The Five Day EQ Challenge
"Empathy occurs in the moment one human being speaks with another." - Alfred Adler, Understanding Human Nature We know that Emotional Intelligence can be learned, but like everything there's no quick fix. It takes time, commitment and dedication. So, how do we do it? Check out what makes up Emotional Intelligence and take the "Five Day EQ...
Australia gives tourists a reason to put the selfie stick away
If a virtual reality gaming center, trees with email addresses and the opportunity to cuddle a koala weren't enough to tempt you into taking a trip down under, perhaps an opportunity to participate in ...
Are you Managing Your Business or Leading Your Organization?
Photo by TassieEye licensed under CC By-NC-ND 2.0Managing a business is very different than leading an organization. This distinction may sound subtle or merely seem like semantics. The fact is, however, that this difference is often the determinate between stagnation and growth. Leaders who fall into the trap of managing fail to spend the...
5 Easy Steps to Top-Notch Customer Service
Business owners often scramble to find technically competent employees to fill positions, so our desire for a truly customer-friendly workforce can sometimes be put on the back burner. This is a risky move for new businesses or even companies in expansion mode. Building and keeping a team that puts customers first provides a solid foundation...
Samsung's Gear S2 is a classy Tizen watch with a rotating bezel
Remember that time Samsung teased a new smartwatch after unveiling some phones we knew were coming? You should! This was seriously only two weeks ago, guys. Anyway, Samsung is finally talking specifics ...
Citrix aims to woo VMware customers with free migration perks
World's most advanced digital camera will power a space telescope
If you think the 50-megapixel sensor in your new DSLR is hot stuff, you haven't seen anything yet. The Department of Energy has given the all-clear to build the Large Synoptic Survey Telecscope's 3.2-gigapixel ...
Brazil tops cyberattack ranking in LatAm
Google is working to make 4K video less of a data hog
Ultra HD 4K video is still in its infancy, but there's no doubt the format will become increasingly popular in the next year or two. Huge players like YouTube and Netflix already support it, but delivering ...
Dow Sees Biggest Monthly Decline Since 2010
Stocks capped the final trading day of the month in red as investors remained skittish over the odds of a September rate increase, while cheering oil's surge.
Check out some gameplay from Destiny's 'The Taken King' expansion
The Taken King is a massive expansion due to hit Destiny on September 15th, bringing new strike missions, three new subclasses (including skill trees), exclusive gear and more goodies. The expansion's ...
Apple's Cisco partnership highlights enterprise app master plan
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