Money

European Union finance ministers line up behind tax ruling against Apple

European Union finance ministers line up behind tax ruling against Apple

Blouin, Jones and Luja discussed the issues raised by the European Commission's ruling on the [email protected] show on Wharton Business Radio on SiriusXM channel 111 . "This isn't about interfering with national tax laws". "We are making a huge effort to reduce our public deficit, it is essential that this revenue not get lost", Spanish Economy Minister Luis de Guindos said on the sidelines of two days of talks with his European Union counterparts. Read More

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Virginia Tech to test Chipotle drone-deilvery program

Virginia Tech to test Chipotle drone-deilvery program

Miller said Google considered all six test sites before deciding to go with Tech. Delivery option: By drone. Food was used in the test program because it's more hard to transport, Vos told Bloomberg . The realistic conditions at Virginia Tech are a first step toward integrating deliveries by unmanned aircraft into everyday life, researchers said. Interestingly, Mexican food delivery via drone was predicted by years ago by the fictitious tacocopter, but lovers of all things Chipotle ... Read More

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Ex-VW engineer to plead guilty in emissions case

Ex-VW engineer to plead guilty in emissions case

Liang moved to the United States in May 2008 to assist in the launch of VW's new "clean diesel" vehicles in the USA market, according to the plea agreement . So Liang and others, including employees of an entity referred to as "Company A", designed software that would activate the emission controls of an engine undergoing a government test and deactivate them afterward, according to the indictment. Read More

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Ford buys shuttle service as part of new mobility push

Ford buys shuttle service as part of new mobility push

Ford has big plans for Chariot: The shuttle service will be expanded to "at least five additional markets in the next 18 months", Ford said in a statement. Taking a Ford to work is about to mean something totally different in the San Francisco Bay Area. The automaker formed the Ford Smart Mobility subsidiary in March, saying the unit would create mobility services and invest in others. Read More

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HD Supply Holdings Inc. (HDS) Earns

HD Supply Holdings Inc. (HDS) Earns "Outperform" Rating from RBC Capital Markets

The stock, which fluctuated between $43.48 and $44.35 during the day, now situated -5.53% below its 52 week high. As of current trade, HD Supply Holdings Inc (NASDAQ:HDS) has shown weekly downbeat performance of -12.54%. The Company operates in three segments: Facilities Maintenance, Waterworks, and Construction & Industrial-White Cap. The company's strengths can be seen in multiple areas, such as its notable return on equity, revenue growth, good cash flow from operations and solid stock ... Read More

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Sports Direct boss blames poor treatment of workers on… trade union Unite

Sports Direct boss blames poor treatment of workers on… trade union Unite

But I don't want the headline "excuses", I want the headline "sorry". Twitter users were quick to pick up on the footage after it emerged, with Mr Ashley, who also owns Newcastle United, soon trending on the social media site. He voted against the remuneration report and reappointment of non-executive directors. "We are longstanding shareholders in the company and have engaged with senior executives and non-executives over many years, sadly to little effect" said Stirling. Read More

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Stocks slip, euro rises in wake of ECB decision

Stocks slip, euro rises in wake of ECB decision

Throw in market-based measures of inflation expectations close to record lows, loan growth to non-financial firms dropping in certain Southern European countries and the likelihood they will run out of bonds to buy by March 2017, and one can understand why the market wanted more meat on the bone. Read More

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EPA shuts down 17 wells in Osage Nation after Oklahoma quake

EPA shuts down 17 wells in Osage Nation after Oklahoma quake

Oklahoma geologists have documented links between increased seismic activity in the state and the injection into the ground of wastewater from oil and gas production, according to a report from a state agency a year ago. Scientists have tied the quakes to the injection of saltwater, a normal byproduct of oil and gas drilling, into deep disposal wells and underground caverns. Read More

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'Life-threatening' Hurricane Hermine weakens to tropical storm

Last night, his wife Shawna gave birth to their baby girl in a Tallahassee hospital. "Have things like water available for as much as 72 hours, have food available, also have a communication plan if by chance communication does goes out in specific parts of south Georgia", said Jim Butterworth, the director of the Georgia Emergency Management and Homeland Security Agency. Read More

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Putin Seeks Output Freeze Excluding Iran; Oil Rallies But Down For Week

Putin Seeks Output Freeze Excluding Iran; Oil Rallies But Down For Week

Crude prices were also supported by a steadying USA oil rig count. But members such as Iran and Iraq show no signs of slowing output and Russian Federation suggested yesterday it may not act either. Saudi energy minister Khalid Al-Falih, who replaced Ali al-Naimi in May, tried to manage market expectations recently, noting "I don't believe that an intervention of significance is required". Read More

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Apple will reportedly release new Mac products in October at the earliest

Apple will reportedly release new Mac products in October at the earliest

A new 10.5-inch iPad Pro is said to be released next year, after the original 12.9-inch and latest 9.7-inch models. However, it seems these are not the only plans Apple has for the immediate future, at least according to Bloomberg . The reports reveal that the Row will always show the volume control and the option to show default functions, but other items on the Row will depend on the program open at the time. Read More

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Video shows the moment SpaceX rocket exploded on launchpad

A SpaceX rocket exploded Thursday morning on its launch pad at Cape Canaveral, Florida. It shows the highly flammable rocket fuel turn the spacecraft into a shaft of flames which was soon so gutted that its blackened frame was visible. The explosion was so strong it shook buildings several miles away . A dark cloud of smoke filled the sky. It was expected to launch a satellite for Facebook this weekend. Read More

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Strike by 10 trade unions to hit banking, transport tomorrow

Strike by 10 trade unions to hit banking, transport tomorrow

Organizations backing the bandh call have cited various issues like opposition to the new road safety act of the union government, failure to control rising prices, and others in support of the bandh . The unions also oppose a government directive to state-run pension funds to put more money into stock markets. Office goers in Mumbai will have a major sense of relief though because the Indian Railways has refused to participate in the strike. Read More

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EU's Vestager warns others, says Apple could cut bill

Apple's chief executive says the company has put aside "several billion dollars" to pay tax liabilities in the United States as it repatriates some of its huge overseas earnings. "This conclusion that the Commission has reached has no basis in law or in fact". "I have been concerned that it reflected an attempt to reach into the U.S. Read More

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Palo Alto Networks revenues surge 41% in July quarter

Palo Alto Networks revenues surge 41% in July quarter

SaaS-based subscription revenues (part of service revenues) climbed 66% from the year-ago period. Europe, the Middle East and Africa (EMEA) also went up 41%, accounting for 17% of total revenue. For the past 5 years, the company's revenue has grown 2%, while the company's earnings per share has grown 4.9%. Palo Alto Networks described the quarterly results as a very strong finish to a record fiscal year, with revenue for the year up 49 percent to Dollars 1.4 billion and its customer base ... Read More

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Stock's Earnings in Focus: Abercrombie & Fitch Co. (NYSE:ANF)

Stock's Earnings in Focus: Abercrombie & Fitch Co. (NYSE:ANF)

With regard to the poor sales figure, he said: "Flagship and tourist locations continued to account for the vast majority of the comparable sales decline, as traffic remained a significant headwind". Total revenue also fell 4%, to $783.2 million, in line with estimates, while the company reported an adjusted per-share loss of $0.25, $0.05 worse than estimates. Read More

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US Department of Homeland Security evaluating use of private prison companies

US Department of Homeland Security evaluating use of private prison companies

Immigration and Customs Enforcement, which operates under DHS, now employs groups like Corrections Corp.to run certain detention facilities for migrants, according to Reuters . However, Moran says the closing of any immigration detention facilities make border enforcement officers' jobs harder, regardless of whether the facilities are private or run by the government. Read More

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