Search Results for: fed
ECB’s Draghi Considering Large-Scale Bond Purchases
September 1st, 2014
Between Mario Draghi and quantitative easing lies an obstacle course. The European Central Bank president’s signal that he’s considering large-scale bond purchases raises the question of how to surmount hurdles from political and legal challenges to conflicts with measures ...
Shell Submits a Plan for New Exploration of Alaskan Arctic Oil
August 29th, 2014
Royal Dutch Shell submitted a plan to the federal government on Thursday to try once again to explore for oil in the Alaskan Arctic, following years of legal and logistical setbacks as well as dogged opposition from environmentalists. Over ...
HSBC, Nomura Lose Bid to Block U.S. Regulator Lawsuits
August 29th, 2014
HSBC Holdings Plc (HSBA) and Nomura Holdings Inc. (8604) lost a bid to block claims by a U.S. regulator the banks say were brought too late, clearing the way for a trial of HSBC over questionable mortgage practices. U.S. ...
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 ...
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 ...
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 ...
Is Russia connected to JPMorgan hacking?
August 29th, 2014
Security experts say the sophistication of the attacks suggest they were state sponsored. Federal investigators are trying to determine if state-sponsored Russian hackers were behind the coordinated cyber attacks that looted data from JPMorgan Chase and other banks this ...
Bringing It Back Home
August 28th, 2014
An increasing number of American companies are making plans to shift their headquarters to Europe. These so-called “inversions” would reduce these companies’ total tax bill by allowing them to escape from the United States’ uniquely unfavorable corporate tax rules. ...
