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News & Updates
August 15, 2014 How to Stop Tax Inversions With a Carbon Levy. SeriouslySource: Bloomberg
President Obama and legislators are embroiled in a debate over whether and how to punish companies that seek U.S. tax relief by buying a smaller foreign company and legally reincorporating in its country. So-called tax inversions...
August 15, 2014 European Markets Edge Up on Putin's Remarks
Inside Fidelity - By midmorning, the îStoxxî Europe 600 was 0.5% higher with France's CAC and Germany's CAC both adding just as much, extending gains from the previous session. In the U.K, the FTSE added 0.6%, making...
August 15, 2014 Wal-Mart’s Sales Stagnation Reignites Concern About EconomySource: Bloomberg
Wal-Mart Stores Inc. (WMT)’s latest struggles to revive U.S. sales, following a disappointing Commerce Department report earlier this week, add to evidence that the economy isn’t recovering as quickly as expected.
Source: The Street
Berkshire Hathaway (BRK.A_) shares are up 1.5% to $202,605 on Thursday as the company topped $200,000 per share for the first time. The stock has more than doubled since the first time it hit six figures on October 5, 2006.
August 15, 2014 German Economy Shrinks for First Time Since 2013Source: Bloomberg
Germany’s economy contracted more than economists forecast last quarter and France stagnated, adding to pressure on the euro area as the Ukraine crisis and slowing inflation (ECCPEST) threaten to derail the region’s recovery.
August 15, 2014 J.C.Penney earnings enthuses Wall StreetSource: USA Today
J.C.Penney renewed hope Thursday that its turnaround is gaining momentum after the troubled department store chain posted second-quarter results that exceeded Wall Street estimates.
August 14, 2014 Fed’s Rosengren, Dudley Say Broker Regulations Need OverhaulSource: Bloomberg/BusinessWeek
Federal Reserve Bank of Boston President Eric Rosengren said broker regulation needs a “major re-examination” to prevent funding shortfalls during a crisis, and New York Fed President William C. Dudley said the wholesale funding...
August 14, 2014 Macy's cuts same-store sales forecast, shares dropSource: Reuters
Macy's Inc cut its full-year same-store sales forecast, after second-quarter sales failed to make up for weakness in the first quarter when harsh winter weather kept shoppers away.
August 14, 2014 Sustainability Can Be Profitable, TooSource: Entrepreneur.com/
Small companies may feel a social obligation or desire to implement sustainability programs, but they can be expensive. Very large companies can often justify the expense based on the PR value. They’re in the public spotlight and...
August 14, 2014 European Stocks Rebound On Upbeat Earnings
Hispanic Business - The BoE said interest rates may well stay at historically low levels for some time. The Euro îStoxxî 50 index of eurozone bluechip stocks rose 1.16%. Utility E.ON reported first-half results. The...
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