The European Commission’s order that Apple pay back taxes to Ireland could hurt Europe’s economic outlook, Lew said.
WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes surged in July after two straight months of declines as demand rose almost across the board, suggesting the housing market remains on solid ground despite last month’s drop in home res…
U.S. government agencies have been directed to share with each other software code that has been developed on a customized basis. Much of the code involves commercial vendor offerings. In addition to interagency sharing, government units are required to share portions of their customized code with the general public, a move characterized as promoting an open source approach.
The auction will feature the statute entitled “The Emperor Has No Balls” estimated to be worth $10,000 to $20,000.
(Reuters) – Turnover in the U.S. residential property market is set to rise over the coming year, according to a strong majority of analysts polled by Reuters who also forecast the pace of house price gains to remain relatively steady this year and nex…
If there is something holding you back or keeping you down, grab the matches and burn that bridge.
WASHINGTON (Reuters) – U.S. President Barack Obama will urge leaders of the world’s major economies to use fiscal policy and other tools to boost growth while paying more attention to angry citizens who feel left behind, Treasury Secretary Jack Lew sai…
(Reuters) – Facing a severe cash crunch, Tesla Motors Inc plans to raise additional money this year to help fund development and production of its new Model 3 sedan and build out a massive battery factory, the company said on Wednesday.
AS PRESIDENT of US Airways, Scott Kirby (pictured) cut costs by eliminating free non-alcoholic drinks for coach passengers. This week, he was probably popping the cork on something fizzy. On Tuesday, American Airlines, which took over US Airways in 2013, announced that Mr Kirby is out of his job—and filings show that he is walking away with $13m and lifetime flying privileges.
For passengers who have felt the pinch of every airline cost-saving manoeuvre, the discrepancy will feel cruel. So-called golden parachutes are standard practice in the corporate world, and Mr Kirby’s is peanuts compared with, say, Steve Wynn, a casino mogul who negotiated a $358m exit deal. But at least he got peanuts. Airline passengers have found themselves denied even salty snacks in recent years. Employees, meanwhile, have complained of a lack of investment in basic infrastructure.
So they would be forgiven for asking where, exactly, all this money came from. Mr Kirby will receive $3.85m in cash, accelerated vesting of more than 250,000 stock shares (worth nearly $10m),…Continue reading
NEW YORK (Reuters) – U.S. private employers added 177,000 jobs in August, above economists’ expectations, a report by a payrolls processor showed on Wednesday.
FRANKFURT (Reuters) – Top executives of Deutsche Bank and Commerzbank held talks on a potential combination of Germany’s two biggest banks earlier this month, a source familiar with the matter said on Wednesday.
Traders are worried about a potential surprise rate hike by the Fed in September that could unleash a spike in volatility.
Global recession might not be on the cards, but investors are starting to worry that central banks are running out of ammunition, an analyst told CNBC.
AMD, which has been clawing its way out of the doldrums, recently showcased its octacore, 16-thread Summit Ridge desktop processor featuring its Zen core in a performance match-up against Intel’s octacore Broadwell-E Core i7-6900K CPU. The two similarly configured processors were locked at 3 GHz for the test, in which they ran the multithreaded Blender rendering application.
The Fed, with its bargain-basement rates, is manipulating markets and hurting capitalism, bond king Bill Gross says.
Will Apple consider moving to the UK amid growing tensions between the EU and US?
NEW YORK (Reuters) – Bond investor Bill Gross ramped up his criticism of the Federal Reserve on Wednesday, characterizing chair Janet Yellen and her predecessors and contemporaries at other central banks of mastering “the art of market manipulation.”
Business leaders told CNBC that whoever the next leader of France is, they will need to get real about the French economy and its need for reform.
The U.S. is furious at the EU for slapping Apple with a $14.5 billion tax bill but the EU say it was the U.S. that put them on to the scheme.