Search Results for: EU
Banks Cash In on Mergers Intended to avoid Taxes
July 29th, 2014
Jamie Dimon, the chief executive of JPMorgan Chase, recently said, “I love America.” Lloyd Blankfein, the chief executive of Goldman Sachs, wrote an opinion article saying, “Investing in America still produces the best return.” Yet guess who’s behind the ...
Asian stocks reach three-year peak, China holds gains
July 29th, 2014
Asian shares touched fresh three-year highs on Tuesday as investors in the region drew encouragement from a rally in Chinese markets, though caution was warranted given the torrent of U.S. economic news still to come this week. Hong Kong’s ...
Venezuelan Officers involved in Colombian Cocaine Traffic
July 29th, 2014
The head of Venezuelan military intelligence was involved on the payroll of a Colombian drug lord, invested his own money in drug shipments and personally coordinated the shipment of thousands of kilograms of cocaine, according to prosecutors in Miami ...
Japan plans to finance foreign Coal Plants
July 29th, 2014
Following U.S’s and Europe’s negligence for supporting overseas coal projects, Japan has seize the opportunity to advance in this sector. According to the Wall Street Journal, on July 23, Japanese plans were set out in order to support coal-fired ...
Herbalife cuts sales outlook, shares drop to 10.5 percent
July 29th, 2014
Herbalife Ltd, a maker of weight-loss and nutritional products, cut its sales outlook for this year after raising it three months earlier, causing its shares to drop to 10.5 percent in extended trading. The company, which has been labeled ...
Lloyds Banking Group charged with $370 million fine
July 28th, 2014
Britain’s Lloyds Banking Group (LLOY.L) has agreed to pay fines totaling $370 million to U.S. and British authorities investigating its part in a global interest rate rigging scandal and manipulating fees for a UK government lending scheme. The settlement ...
U.S. companies search for growth overseas
July 28th, 2014
Big U.S. companies are searching for corporate growth overseas for better financial opportunities. Technology trendsetters Apple Inc., Google Inc., Facebook Inc. and Netflix Inc. all mined foreign countries to produce earnings or revenue that exceeded analysts’ projections in their ...
Apple’s $3 billion deal to buy Beats Electronics was given the green light
July 28th, 2014
Apple’s $3 billion deal to buy Beats Electronics, the company which makes headphones and offers music streaming services, was finally given the green light from the European Union’s antitrust authority. The 28-nation bloc’s executive Commission said Monday the transaction does not ...
Microsoft says government officials probe to China offices
July 28th, 2014
Chinese government officials have made sudden visits to Microsoft Corp (MSFT.O) offices in China, a spokeswoman for the company said on Monday, but declined to give any reason for the inspections. China’s State Administration for Industry & Commerce, which ...
EY wins £2m Sage audit contract
July 28th, 2014
EY has won the audit contract for Sage, following a tender of the £2m deal. PwC will step down after completing accounts work to 30 September 2014, bringing its 26-year audit relationship with the FTSE 100 software business to ...
