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Caterpillar Accused Of Tax, Accounting Fraud In Report; Stock Slides
Article By:
Tyler Durden
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Wednesday, March 8, 2017 8:56 AM EDT
The company has disclosed in securities filings that the IRS is seeking more than $2 billion in income taxes and penalties on profits earned by Cat's Swiss unit. Caterpillar has said it is "vigorously contesting" the IRS's proposed increases.
In this article: CAT
Deutsche Bank To Sell $8.5 Billion In Stocks, Announces Major Restructuring
Article By:
Tyler Durden
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Sunday, March 5, 2017 3:40 PM EDT
The timing of the share sale takes advantage of the recent resurgence in Deutsche Bank’s share price, which has almost doubled from multiyear lows near €10 in September.
In this article: DB
Unintended Consequences Of Corporate Tax Incentives
Article By:
Global Economic Intersection
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Sunday, February 26, 2017 4:03 AM EDT
Without an ever-rising market, investors might feel a need to save more for retirement or other goals out of their paychecks instead of relying on the courtesy of corporations to buy their stock from them.
In this article: SPY
The War On Regulations Just Got Fiercer As Critics Become Vocal Against The Sarbanes-Oxley Act
Article By:
Maithya Kitonyi
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Tuesday, February 21, 2017 9:50 AM EDT
U.S. firms are especially interested in seeing a reform to part of the Sarbanes-Oxley Act that mandates them to allow auditors have a say on "Internal controls" that are designed to stop their executives from perpetrating accounting fraud.
Toshiba Warns Solvency In Jeopardy After Massive Nuclear Unit Writedown; Chairman Resigns
Article By:
Tyler Durden
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Tuesday, February 14, 2017 7:17 AM EDT
Toshiba said cost overruns at U.S. nuclear reactors it is building were likely to force a write-down of as much as several billion dollars.
A Tax Holiday For Multinationals' Foreign Earnings Would Not Do What Many Think
Article By:
Global Economic Intersection
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Monday, February 6, 2017 5:45 AM EDT
Offering a tax holiday would simply mean that companies wouldn’t have to pay income taxes on profits they’ve earned and already invested in the U.S.
Deutsche Bank Takes Out Full-Page Ad To Apologize For Its Market-Rigging Misconduct
Article By:
Tyler Durden
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Sunday, February 5, 2017 4:30 PM EDT
Deutsche Bank took out full-page ads in Germany's Frankfurter Allgemeine Zeitung and Sueddeutsche Zeitung on Saturday, in which the country's biggest lender apologized for (getting caught) engaging in market manipulation and misconduct.
In this article: DB
The Best Thing To Do After Apple Sues Qualcomm
Article By:
SureDividend
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Sunday, January 29, 2017 11:07 AM EDT
Apple is seeking roughly $1.145 billion in rebate payments. The two parties previously had an agreement which called for rebates paid in exchange for Apple using Qualcomm’s chips in its iPhone device.
Bribery Alert
Article By:
Vivian Lewis
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Sunday, January 22, 2017 10:04 AM EDT
SQM will pay $30.5m and enter into a deferred prosecution agreement to resolve civil and criminal matters related to improper payments to Chilean politicians over the government's mining plans, federal authorities said Friday.
Oculus Lawsuit: Does Facebook Have The Edge?
Article By:
Maithya Kitonyi
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Saturday, January 21, 2017 2:42 PM EDT
Paying for the legal fees does not come cheap especially when it involves cases that could potentially affect the stock price of the company. In Facebook’s case, the social media giant could burn well over $2 billion in damages if it loses the case.
In this article: META
Volkswagen To Pay $4.3 Billion To Settle Diesel Scandal, Will Plead Guilty To Criminal Charges
Article By:
Tyler Durden
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Wednesday, January 11, 2017 4:24 AM EDT
Finalizing the settlement would mark a key milestone in Volkswagen’s effort to emerge from the scandal that erupted in Sept. 2015 after U.S. authorities uncovered the car maker’s efforts to deliberately cheat on emissions tests on diesel vehicles.
In this article: VLKAY
Marissa Mayer Resigns From Yahoo Board; Yahoo To Be Renamed To Altaba
Article By:
Tyler Durden
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Monday, January 9, 2017 6:47 PM EDT
Following the sale of its operations to Verizon, the remaining investment company will be known as Altaba, with just five directors. Eric Brandt will be chairman of the board.
Macy's, Kohl's Crash After Reporting Abysmal Holiday Sales; Cut Guidance; Announce Mass Layoffs, Store Closures
Article By:
Tyler Durden
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Thursday, January 5, 2017 5:40 AM EDT
Macy's reported a drop in same store sales slashed guidance and also announced it would close 68 stores, and lay off over 10,000 workers.
EU Alleges Facebook Provided Misleading Information About Whatsapp Takeover
Article By:
The Fly
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Tuesday, December 20, 2016 10:26 AM EDT
The European Commission has sent a Statement of Objections to FB alleging the company provided incorrect or misleading information during the Commission's 2014 investigation under the EU Merger Regulation of FB's planned acquisition of WhatsApp.
In this article: META