Author: admin

Starbucks Corp. plans to appeal a European Union ruling that its tax deals with the Netherlands and Luxembourg were illegal state aid, according to Dow Jones Newswires reports citing a Starbucks spokesman. The coffee giant also said there are significant errors in the EU’s decision, according to the reports. The European Commission earlier Wednesday said Starbucks and Fiat Chrysler Automobiles NV’s tax deals with the Netherlands and Luxembourg are illegal state aid and ordered the respective governments to recover as much as 30 million euros ($34.05 million) from each company.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

The European Commission has ruled that Starbucks Corp. and Fiat Chrysler Automobiles NV’s tax deals with the Netherlands and Luxembourg are illegal state aid, ordering the the respective governments to recover as much as 30 million euros ($34.05 million) from each. The ruling follows an EU investigation launched in June 2014. It looked into whether the two companies were given so-called sweetheart tax deals that effectively lowered their corporate taxes. “Tax rulings that artificially reduce a company’s tax burden are not in line with EU state aid rules. They are illegal. I hope that, with today’s decisions, this message will be heard by Member State governments and companies alike,” the EU’s competition commissioner Margrethe Vestager said in a statement. The commission has now ordered the Dutch and Luxembourg authorities to recover €20 million to €30 million from each company, but the precise amount will be determined by the local tax officials.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Shares in KLA-Tencor Corp. could jump in Wednesday’s session following news that Lam Research Corp. plans to acquire the company in a cash-and-stock deal valued at about $10.6 billion. The deal is billed as creating a “premier” provider of semiconductor equipment. KLA-Tencor shareholders will be entitled to elect to receive the “equivalent of $32.00 in cash and 0.5 of a share of Lam Research common stock, in all-cash, all-stock, or mixed consideration, subject to proration as more fully described in the merger agreement,” Lam said Wednesday in a news release. The deal values KLA-Tencor at $67.02 a share, representing a 24% premium to where the company’s stock closed Tuesday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

China’s Shanghai Composite on Wednesday closed 3.1% lower, suffering its largest one-day percentage drop since Sept. 15, according to FactSet data. Analysts blamed factors such as Tuesday’s decline by U.S. stocks and profit taking after Chinese equities have rallied in recent weeks. In other Asian trading, Japan’s Nikkei index finished 1.9% higher. Markets in Hong Kong were closed for a holiday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

These memorable demolished homes deserve a posthumous revisit …read more

From:: DIY this old house

DIY a cozy gathering spot as the weather cools from The Snug …read more

From:: DIY this old house

Take note of these things your turf needs before the onset of winter …read more

From:: DIY this old house

The American Petroleum Institute late Tuesday reported that crude supplies climbed by roughly 7.1 million barrels for the week ended Oct. 16, according to sources. Analysts polled by Platts expected supplies to be up 2.7 million barrels. December crude was at $45.92 a barrel in electronic trading, down from the contract’s settlement of $46.29 on the New York Mercantile Exchange. The more closely-watched Energy Information Administration report is due Wednesday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Shares of Tesla Motors Inc. fell nearly 7% on Tuesday as influential magazine Consumer Reports dropped the Model S from its list of recommended cars and gave the all-electric sedan a worse-than-average reliability score. That was the worst performance for Tesla stock since Aug. 6, when shares fell nearly 9%. At its low of the day, the stock was down nearly 12% to $202.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Millennials are less likely than baby boomers to identify milestone life events that could affect their credit, according to a new survey released by TransUnion. In fact, less than half of millennials surveyed could cite specific major life events that could negatively or positively affect credit, such as divorce (40 percent compared to 57 percent […] …read more

From:: Finance and Economy