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Canadian corporate tax attracts U.S. companies
August 26th, 2014
Canada has become the latest frontier for U.S. companies fleeing the high cost of business, spurred by low corporate taxes and a policy that keeps international earnings out of the clutches of the Internal Revenue Service. It’s “not fair” ...
Australia 200 – Consolidates Under Six Year High Around 5620
August 26th, 2014
Australia 200 for Tuesday, August 26, 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. It has ...
Brent Oil Rallies Above $102 on Geopolitical Tensions
August 26th, 2014
Brent crude oil rose on Monday and U.S. crude fell in light trading, as support from geopolitical tensions in Ukraine and Libya countered ample supplies and anticipated weak demand after a slew of disappointing economic data from the United ...
Amazon snaps up live video startup Twitch for $970 million
August 26th, 2014
Amazon.com Inc snapped up live-streaming gaming network Twitch Interactive for about $970 million in cash, reflecting Chief Executive Officer Jeff Bezos’ resolve to transform Amazon into an Internet destination beyond its core retail operations. The move, announced by the ...
Gold – $1275 Level Stays True to Form
August 26th, 2014
Gold for Tuesday, August 26, 2014 Over the last week now Gold has been falling lower back towards the medium term support level at $1290 however to finish out last week it fell sharply down to the previous key ...
U.S. confident its $5 billion S&P lawsuit was not retaliation
August 26th, 2014
The United States, which is suing Standard & Poor’s for $5 billion over its credit ratings, said on Monday it is confident that documents the rating agency wants for its defense will not show that the lawsuit was filed ...
Momentive Creditors Face Reckoning on Bankruptcy Plan
August 25th, 2014
Momentive Performance Materials Inc. is set to face court rulings on its bankruptcy plan, including on a proposal to withhold some payments for unpaid interest that has senior lenders at odds with lower-ranked creditors. U.S. Bankruptcy Judge Robert Drain ...
Europe Fears Banks Lack Cash Cushion to Cover Bad Loans
August 25th, 2014
As Europe slogs through its latest round of bank stress tests, a growing number of analysts have already reached their own conclusion: Eurozone banks need additional cash. The E.C.B. will publish the results of its half-year investigation into Europe’s ...
China plans its own operating system to take on Microsoft, Google and Apple
August 25th, 2014
China could have a new homegrown operating system by October to take on imported rivals such as Microsoft, Google and Apple, Xinhua, the government news agency, reported. Computer technology became an area of tension between China and the United ...
BofA Tax Set-Aside and Wylys Penalty
August 25th, 2014
Bank of America Corp. must set aside $490 million of its Aug. 21 $16.7 billion settlement to cover taxes that borrowers face on forgiven mortgage debt — a step taken by the Justice Department to give homeowners relief that ...
