Archives
Businesses Find Ways to Avoid Corporate Taxes, but a Fix Seems Unlikely
August 29th, 2014
A pharmaceutical company moved its headquarters to Ireland, sharply reducing its tax rate. A billboard company reclassified itself as a real estate concern, meaning it will no longer pay corporate taxes. And a big oil producer split itself in ...
Morgan Stanley plans natural gas export plant in new commodities foray
August 29th, 2014
Morgan Stanley has quietly filed plans to build and run one of the first U.S. compressed natural gas export facilities, the first sign the bank is plunging back into physical commodity markets even as it sells its physical oil ...
Virgin Australia reports biggest ever annual loss
August 29th, 2014
Virgin Australia reported its biggest ever loss for the twelve months ending June. Its post-tax loss of A$355.6m (£200.5m) was over three times larger than the A$98.1m loss it reported for the previous year. The airline also announced today ...
Ford, IBM win dismissal of 12-year lawsuit over apartheid abuses
August 29th, 2014
A Manhattan federal judge has dismissed a 12-year-old lawsuit accusing Ford Motor Co (F.N) and IBM Corp (IBM.N) of encouraging human rights abuses in apartheid-era South Africa, reluctantly concluding that the case does not belong in U.S. courts. U.S. ...
Australia 200 – Taking a Breather Around 5620
August 29th, 2014
Australia 200 for Friday, August 29, 2014 The Australian 200 Index has finally been able to surge higher to a new six year high around 5650 late last week before easing off to finish out the week. However since ...
Gold Up to $1290 on Ukraine Concerns
August 29th, 2014
Gold settled higher on Thursday as tensions over Ukraine increased and equity markets retreated, but analysts said the rebound could be short-lived due to strong U.S. economic growth and prospects of a U.S. interest rate hike. NATO said on ...
Asian shares slump as Ukraine tensions flare
August 29th, 2014
Asian shares slumped on Friday, after flaring Ukrainetensions spoiled investor risk appetite and bolstered the safe-haven yen. Ukraine’s president said Russian troops had entered his country in support of pro-Moscow rebels who captured a key coastal town, escalating a five-month-old ...
Bank of America seeks to void verdict in $1.27 billion ‘Hustle’ case
August 29th, 2014
Bank of America Corp on Thursday asked a federal judge to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27 billion penalty. Bank of America ...
OSB Daily Technical Analysis
August 29th, 2014
OSB Daily Technical Analysis for August 29, 2014 EUR/USD closed largely unchanged yesterday from the previous days close after testing the 1.32 level in the early session. This suggests some consolidation following the sharp declines since mid-August and seven ...
Fed Chair Yellen’s assets up 8% during 2013
August 29th, 2014
Value of portfolio totals between $5.3 million and $14.1 million, latest financial disclosure shows. Federal Reserve Chair Janet Yellen’s assets rose in value by at least 8% during 2013, raising their total to between $5.3 million and $14.1 million, ...
