The taxes that Buffett will pay on the dividend from BKW will be more than the taxes the government would have gotten from the company. Reported by CNBC.
Hertz hit really hard by GM’s recall. They have a shortage of cars to rent because of the GM recall, cars are all waiting for parts and getting them fixed for rental. Looks like an opportunity for TM.
Top global miner BHP Billiton (BHP.AX)(BLT.L) will spin off a roughly $16 billion company to shareholders, mostly offloading assets acquired in its 2001 merger with Billiton, as it looks to focus on its strongest businesses.
Wall Street banks are drawing up preliminary plans to move some London-based activities to Ireland to address concerns that the UK is drifting apart from the EU.
While financial analysts debate how investors will respond to Electrolux's plan to acquire GE Appliances — first disclosed Thursday, it's also important to explore the potential impact to consumers, employees and retailers.
Cisco cutting 8% of workforce, or 6,000 jobs, in restructuring plan
Cutting 8% of workforce, or 6,000 jobs looks like telecom will be a lot worse than expected for several more years.
There are 20 companies in the Standard & Poor’s 500, including drugmaker Merck (MRK), computer storage company Seagate (STX) and automaker General Motors (GM), which reported effective tax rates of 0% or lower in the second calendar quarter despite reporting a profit during the period, according to a USA TODAY analysis of data from S&P Capital IQ. To be included, the companies also needed to report positive earnings before taxes including unusual items.
An unpatriotic company.
They should force him sell the Cowboys.
Shareholder should vote against the deal with Boots and have that money returned to shareholders.
IBM’s willingness to pay underscores the urgency for Chief Executive Officer Ginni Rometty to get less profitable businesses off the books. Even so, letting the deal unravel shows Rometty wasn’t willing to exit at any cost.
Fiat Chrysler Automobiles NV not coming to the US.... Surprise Surprise. Companies are not moving to the US to avoid paying the high taxes here.
The controlling Agnelli family and other investors are meeting today in Turin for the last time to seal the end of Fiat as an Italian company after it merges with Chrysler. Created by Italian-Canadian Chief Executive Officer Sergio Marchionne, Fiat Chrysler Automobiles NV will be incorporated under Dutch law, based in the U.K. and listed on the New York Stock Exchange.
They will be a UK company.
Reports Q2 (Jun) loss of 0.11 per share, 0.11 worse than the Capital IQ Consensus Estimate of ( 0.00); revenues fell 4.7% year/year to 3.28 bln vs the 3.27 bln consensus.
Jean Raby, chief financial officer at Alcatel-Lucent SA, talks about plans to sell part of it submarine-cables unit in an initial public offering, cost-saving measures and growth opportunities in the oil and gas industry.
They should spin off all of the submarine business and let it IPO.