Search Results for: EC
Companies avoid U.S. tax system but investors lose returns
August 18th, 2014
Establishing a tax domicile abroad to avoid U.S. taxes is a hot strategy in corporate America, but many companies that have done such “inversion” deals have failed to produce above-average returns for investors, a Reuters analysis has found. Looking ...
Quinn Emanuel, Stewarts and Bird & Bird gear up for RBS rights battle
August 18th, 2014
Quinn Emanuel Urquhart & Sullivan and litigation boutique Leon Kaye have formally joined the £4bn shareholder battle brought against the Royal Bank of Scotland (RBS) over its 2008 rights issue. Leon Kaye, Quinn Emanuel, Stewarts Law and Bird & ...
Monster’s 1.3bn deal with Coca-Cola under Skadden and Jones Day advice
August 18th, 2014
Coca-Cola Company gets advise from Skadden Arps Slate Meagher & Flom and Jones Day, among other, for its deal with energy drink business Monster. The global drinks brand is also to pay $2.15bn (£1.3bn) in exchange for a 16.7 ...
Federated Investors sees S&P 500 at 2,500 in two years
August 18th, 2014
The S&P 500 could hit 2,500 within the next 18 months to two years, according to Barron’s report on Sunday, citing its interview with Stephen Auth, chief investment officer, equities at Federated Investors. A robust U.S. economy growing at ...
Ernst & Young Role in Gowex Fraud Questioned
August 14th, 2014
Investors and the Madrid exchange are asking just who was verifying its financial statements, after the Wi-Fi hotspot provider, Let’s Gowex SA collapsed last month. Auditor Jose Diaz, of M&A Auditores, has been named as a suspect and jailed ...
Kinder Morgan deal at the centre of price fixing court battle
August 14th, 2014
Rich Kinder, the Kinder Morgan founder who on Sunday unveiled a $44bn consolidation of a family of companies to create the US’s third-largest energy company, owes no small part of his $10bn-plus personal fortune to a 2006 deal that ...
China Seen Taking Steps to Aid Growth After Credit Plunge
August 14th, 2014
China’s plunge in credit expansion last month and unexpected slowdown in investment spending flashed warnings on growth that investors and economists bet will spur policy makers to expand stimulus. Barclays is forecasting two second-half interest-rate cuts, while Australia & ...
Anti-Terrorism Trial of Mideast Bank Worries the Financial World
August 14th, 2014
The judge called it the Beirut account. It was a basic bank account at Arab Bank’s Al-Mazra branch in Beirut, Lebanon, unremarkable except for the name on the account: Osama Hamdan, a spokesman for the terrorist group Hamas. The ...
As Demand For Oil Drops, Worries Rise For Debt-Heavy Companies
August 14th, 2014
Weak global oil demand is keeping a lid on prices, according to a new report from the International Energy Agency (IEA), and that’s bad news for companies carrying a lot of debt. Oil demand for 2014 will be lower ...
New non-dom tax rules will cause confusion
August 14th, 2014
New tax rules for loans taken out by “non-doms” will cause disputes over the interpretation of the law, the Chartered Institute of Taxation (CIOT) has said. The government said on 4 August that it was withdrawing its current treatment ...
