Latest news for Prudential Jennison 20/20 Focus A(PTWAX) (See analysis on PTWAX)
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Wednesday November 25th 2015: Latest financial news from the worldEuropean stocks up, oil slides as concerns ease over Russia-Turkey tension
European stocks moved higher and oil prices reversed course and fell 1 percent on Wednesday as investors' concerns eased over the potential fallout of Turkey's shooting down of a Russian fighter jet. A Reuters report that euro zone central bank officials are considering whether to stagger charges on banks hoarding cash or to buy more debt ahead of the next European Central Bank meeting pushed the euro lower. "Equity markets are moving higher as the dust settles from the political fallout between Russia and Turkey," said David Madden, market analyst at IG in London.
New agonies, alliances as Fed debates post-liftoff plan
By Jonathan Spicer NEW YORK (Reuters) - Federal Reserve officials, who are expected to raise interest rates next month, are already sketching out positions for a post-liftoff debate that may blur the lines between inflation "hawks" and "doves" and make the Fed's policy less predictable. Fed officials' private and public comments show that the debate now centers on whether the U.S. economy is returning to its old robust self, or whether tepid growth and resulting weak inflation and slow wage increases have become the new norm after the deep recession of 2007-2009. The Fed's 17 policymakers are also wide apart on the question how high interest rates should go and how quickly to get there.
VW will stick to 6.7 billion euro provisions despite simple technical fix
WOLFSBURG, Germany (Reuters) - Volkswagen will not reduce planned provisions of 6.7 billion euros ($7.1 billion) for costs of its diesel emissions scandal although technical fixes for affected vehicles have turned out less complex.
Exclusive: Shire prepares to make new bid for Baxalta - source
ZURICH/LONDON (Reuters) - Drugmaker Shire is preparing to make a new takeover offer for U.S. biotech firm Baxalta that if successful will create one of the world's leading specialists in rare diseases, a source with direct knowledge of the situation said on Tuesday. Shire's bid preparations come three weeks after it announced its $5.9 billion purchase of U.S. rare disease specialist Dyax Corp . Shire is working with Morgan Stanley , Evercore and Deutsche Bank on the offer which could be structured in cash and shares, the source said, cautioning that no deal was certain and negotiations could still fall through.
U.S. GDP growth raised for third quarter
By Lucia Mutikani WASHINGTON (Reuters) - The U.S. economy grew at a healthier clip in the third quarter than initially thought, but strong inventory accumulation by businesses could temper expectations of an acceleration in growth in the final three months of the year. The Commerce Department on Tuesday said the nation's gross domestic product grew at a 2.1 percent annual pace, not the 1.5 percent rate it reported last month, as businesses reduced an inventory bloat less aggressively than previously believed. The pace of economic growth, which was also boosted by upward revisions to business spending on equipment, suggests a resilience that could help give the Federal Reserve confidence to raise interest rates next month. While consumer spending was revised down a bit, its pace remained brisk, suggesting consumers were cash-flush.
Exclusive: Three Goldman bankers leave for Uber as tech world raids Wall Street talent
By Olivia Oran and Heather Somerville NEW YORK/SAN FRANCISCO (Reuters) - Three mid-level bankers in Goldman Sachs Group Inc's technology investment banking group in San Francisco have left to take positions at ride service company Uber Technologies Inc in recent months, people familiar with the matter told Reuters. The bankers are the latest to leave Wall Street banks for Silicon Valley startups, where the lure of more flexible hours - and in some cases stock options and share grants - can be hard to resist. Uber, currently valued at around $51 billion, said in August that it expected an IPO within 18 to 24 months.
China police cracks $4.5 billion underground bank: Xinhua
BEIJING (Reuters) - Chinese police have busted an underground banking network that handled $4.5 billion worth of illegal transactions at Agricultural Bank of China Ltd (AgBank)<601288.SS><1288.HK> alone, the official Xinhua News Agency reported on Wednesday.
Lufthansa cabin crew union calls off this week's strike
The main cabin crew union at Lufthansa has called off a strike planned for this week after progress was made in talks with management over retirement and pension benefits. Relations between the two sides had soured over recent months as Lufthansa sought to push through cost cuts, resulting in cabin crew staging the longest ever strike in the history of the German carrier earlier this month. The cabin crew union, UFO, had on Monday threatened to hold further walkouts from Thursday in the long-running and bitter row.
Boeing says to roll out first 737 MAX in early December
Toyota to replace Takata airbag inflators previously deemed safe
Toyota Motor Corp on Wednesday said it would replace Takata Corp airbag inflators in 1.6 million cars in Japan that had previously been recalled after concluding that they may still be unsafe. The decision was prompted after a passenger in a Nissan Motor Co vehicle was injured this year when an airbag ruptured, despite the inflator having been checked in an earlier inspection. Nissan this month reissued recalls for around 310,000 vehicles in Japan due to the incident.
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.
Temp tech tattoos can monitor your health and location
Chaotic Moon, a start-up known for conjuring fun projects like a shark-punching virtual game, has a wide range of applications in mind for the temporary tattoo technology it's developing. Called "Tech ...
Jez Day: Don't Drop Your Prices, Quality Always Wins
Chance always favors the prepared mind. In 2001, Jez Day, CEO of Rustic Stone, started with his business idea after helping a friend engrave stone tables at Chelsea Flower Show. Photo Courtesy of Jez Day, CEO of Rustic Stone Day used his knowledge to cut the design templates while his friend was the one who supplied the engraving equipments....
Fifth suspect arrested over TalkTalk hack
Google's fast mobile pages coming (with ads) in early 2016
Google revealed the "AMP" endeavor last month to accelerate mobile page-loading times, the slowness of which is a huge user bone of contention. It now says the fast-loading mobile pages will ...
TalkTalk hack: Police make fifth arrest on blackmail charges
Now that we know the full extent of the TalkTalk hack, the whole affair has started to quieten down. Police are still pursuing the people responsible though and now, we've been told that a fifth suspect ...
Apple buys motion-capture company that worked on 'Star Wars'
Apple's latest startup pickup is Faceshift, a company that specializes in facial motion capture -- often doing it without any need for physical "markers" on the model's face. Cupertino confirmed ...
Black Friday foot traffic doesn't peak when you think it does
The day that practically every retail worker loathes with a passion is almost upon us: Black Friday. To get an idea of just how much of a nightmare shopping is on the day after Thanksgiving, Google turned ...
Sony PlayStation 4 sales speed past 30 million
In just over two years Sony's sold over 30 million PlayStation 4s. That tally was 20.2 million in March, and now ahead of the busy holiday shopping season we have word from the Japanese tech giant that ...
Australian Roads Minister's stern reminder: Hoverboards are banned
Battle lines drawn in first trailer for 'Captain America: Civil War'
The Rising Cost of Giving Thanks
For most people, Thanksgiving means the four f's -- friends, family, food and football. But for more than 35 million people who earn low wages, including a third of all single parents, Thanksgiving won't be the joyous day we see idealized in movies and television commercials. Merely putting an average Thanksgiving meal on the table will...
Officials link hacker to theft of 1.2 billion log-in credentials
The FBI is linking a hacker only known by the moniker "mr. grey" to a whopping 1.2 billion stolen internet credentials after finding his Russian email address in the evidence it gathered. It's ...
Leaked NBN documents show Optus HFC not fit for purpose
DARPA wants to protect critical infrastructures from cyber attacks
Hackers have been breaking through a lot of government agency's defenses these past years, and DARPA thinks it's high time to do something about it. Pentagon's mad science division has launched a new program ...
Amazon adorns New York subway with Nazi insignia
Technically Incorrect: To promote its new series "The Man in the High Castle," Amazon decides to confront strap hangers with Nazi and Japanese war symbolism. The ads are reportedly being pulled, but it's not clear by whom.
Science creates flatworms with the heads and brains of other flatworms
FCC hires a privacy guru to help lead its telecom investigations
If you want proof that the Federal Communications Commission is getting serious about privacy, you only need to look at its latest recruit. The agency has hired Jonathan Mayer, one of the masterminds behind ...
Volkswagen is issuing AR glasses as standard factory equipment
Following a successful 3-month pilot program at its Wolfsburg plant, Volkswagen announced on Tuesday that it will begin issuing 3D smart glasses to its plant logistics personnel. These glasses, which display ...
Samsung Knox surpasses 4 million users
The CraveCast gives thanks for 'Jessica Jones,' 'MST 3K' and 'the crowd'
NSW government to begin digital licence distribution
That star's 'alien megastructure' is likely just a swarm of comets
Occam's Razor apparently holds true everywhere, even in the farthest reaches of space. While researchers speculated that star KIC 8462852's mysterious dimming might be the result of alien megastructures, ...
TiVo's ad-skipping tech is coming to its older Roamio DVRs
It looks like TiVo Roamio owners won't need to buy an upgraded box for the new SkipMode feature. Zatz Not Funny points out info on TiVo's website promising SkipMode will come to older Roamio DVRs on December ...
Online video competition poised to turn up Asia subscription economy
Samsung to supply EV batteries to Chinese automaker
Global energy company Samsung SDI will begin shipment of high performance, circular battery cells to JAC Motors next year, as it seeks to maintain its leadership in China's growing electric vehicle market.
Twitter videos now run full screen on other apps
Twitter announced the rollout of full-screen video playback for its Twitter Kit on Tuesday. That means users will be able to view videos and animated gifs within Twitter without having to pop open a new ...
Cracking Open: Apple Pencil is powered by amazingly tiny tech
What to watch after you've watched 'Jessica Jones'
UXC enters binding sale to CSC for AU$427m
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