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What's News US

EU: Apple, Fiat Tax Deals Broke Rules
Tue, 30 Sep 2014 07:45:09 EDT - European Union regulators said they believe that tax deals granted to Apple in Ireland and Fiat in Luxembourg constitute illegal state support for the companies.
Ford Sharply Cuts Earnings Outlook
Mon, 29 Sep 2014 20:46:50 EDT - Ford warned operating profit this year would be sharply below its earlier estimate, citing higher than expected costs of auto-safety recalls in the U.S. and economic weakness in Europe.
Fed Policies Aid Foreign Banks
Tue, 30 Sep 2014 05:19:02 EDT - Banks outside the U.S. have been unlikely beneficiaries of the Federal Reserve's interest-rate policies, and they are likely to do even better as the Fed changes the way it controls interest rates.
Pimco Is in a Race to Keep Investors After Bill Gross Exits
Mon, 29 Sep 2014 21:39:32 EDT - Executives at Pacific Investment Management Co. hit the phones Monday in a campaign to persuade clients to stick with the firm, even as Wall Street traders placed bets against its holdings, seeking to exploit the sudden departure of co-founder Bill Gross.
As SEC Enforcement Cases Rise, Big Actions Are Sparse
Mon, 29 Sep 2014 20:16:13 EDT - The regulator's tally of cases is the first year-over-year increase since 2011. But some say the heightened activity masks a scarcity of the blockbuster actions that should be a feature of an effective Wall Street cop.
SoftBank-DreamWorks Merger Talks Cool
Mon, 29 Sep 2014 23:29:29 EDT - SoftBank's talks to acquire DreamWorks Animation have cooled, according to people familiar with the matter, less than two days after word first emerged of the talks.
GM CEO Looks to Shift Gears, Set Strategy Goals
Tue, 30 Sep 2014 02:57:02 EDT - General Motors CEO Mary Barra plans to unveil a multiyear financial strategy that would deliver the superior profits and market-leading vehicles that have always seemed to be in GM's future, never its present.
Euro at Two-Year Low
Tue, 30 Sep 2014 06:59:09 EDT - The euro tumbled to a two-year low as the latest slump in eurozone inflation cranked up the pressure on the European Central Bank to further ease monetary policy.
News Corp to Buy Move Inc.
Tue, 30 Sep 2014 07:28:18 EDT - News Corp agreed to buy online real-estate listings business Move Inc. in an all-cash deal valued at about $950 million, expanding the media company's presence in the U.S. real-estate market.
Global Inflation Eased Again in August
Tue, 30 Sep 2014 06:19:46 EDT - Inflation rates across the world's largest economies eased for the third straight month in August, reflecting disappointing economic growth and indicating that central banks are unlikely to rush to tighten policy.
China's Factory Activity Holds Steady
Tue, 30 Sep 2014 04:53:39 EDT - A closely watched gauge of China's manufacturing activities showed sluggish growth for a second straight month, indicating that the world's second-largest economy still faces downward pressure.
Unlawful Seizure of AIG Claimed at Trial
Mon, 29 Sep 2014 23:32:53 EDT - A $40 billion lawsuit against the U.S. government for its crisis-era bailout of American International Group got under way in federal court, with David Boies, a lawyer for the insurer's shareholders, accusing the government of unlawfully seizing a majority stake in the insurer.
Sumitomo Shares Plunge on Big Loss
Tue, 30 Sep 2014 05:28:55 EDT - Sumitomo Corp.'s shares plummeted 12% Tuesday after the major Japanese general trading company unveiled a $2.47 billion loss from soured investments abroad.
RBS Benefits From U.K. Recovery
Tue, 30 Sep 2014 06:27:24 EDT - Royal Bank of Scotland Group said full-year impairments would be lower than expected as economic conditions and asset prices continue to improve in its key markets, including Ireland.
German Retail Sales Up in August
Tue, 30 Sep 2014 02:17:17 EDT - German retail sales recovered in August from a sharp decline the previous month, posting the biggest gain in more than three years, the country's Federal Statistics Office said.
Japan Airlines Reports Hacker Attack
Tue, 30 Sep 2014 01:10:32 EDT - Japan Airlines Co. said it has become the latest target of hackers, with the information of up to 750,000 customers possibly stolen.
Japan's Economy Remains Fragile
Tue, 30 Sep 2014 01:55:57 EDT - Japan's economy continued to stagnate in August after a pullback induced by a tax increase earlier in the year, raising difficult questions for Prime Minister Shinzo Abe who needs to make more tax decisions toward the end of the year.
TeliaSonera Promises Stable Dividend
Tue, 30 Sep 2014 07:43:04 EDT - The Swedish telecom company plans to pay shareholders at least the same dividend this year and next as it did last year, a change of policy as the Swedish telecoms group juggles cost savings with investment in its fiber-optic and data networks.

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