WASHINGTON (Reuters) – U.S. tax law gives the Obama administration power to double tax rates for European companies should it choose to dramatically escalate a dispute with the European Union over Apple’s tax bill.
LOS ANGELES (Reuters) – McDonald’s Corp on Wednesday said Michael Andres will retire as president of McDonald’s USA at the end of the year as the fast-food chain works to boost domestic sales, which have been under pressure from low prices at grocery stores.
(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.
NEW YORK (Reuters) – Stocks ended lower on Wall Street on Wednesday, as energy shares tracked oil prices lower, and the S&P posted a loss for August, the first negative month for the benchmark index since February.
WASHINGTON (Reuters) – U.S. private employers maintained a steady pace of hiring in August and contracts to buy previously owned homes surged in July, suggesting the economy was regaining sufficient momentum for the Federal Reserve to raise interest rates this year.
NEW YORK (Reuters) – Apple Inc was the largest weight on U.S. stock indexes on Tuesday after antitrust regulators ordered the company to pay about $14.5 billion in back taxes to the Irish government, but gains in bank shares partly offset the decline.
China’s extravagant preparations to host world leaders this weekend reveal how desperately it wants to be seen as one of them.
Officials have spent months transforming the ancient capital of Hangzhou?into a symbol of modernity and innovation. A warehouse will store up to 900 tons of food. An army…
One aspect of UCLA Coach Jim Mora’s job might make him feel like he’s still in the NFL.
The Bruins enjoy about three weeks each season when their only worry is the game. There are no classes, late-night study sessions or jostling with other students for three-ring binders at the campus bookstore.
SYDNEY (Reuters) – Asian shares bounced on Tuesday as doubts the Federal Reserve really would hike interest rates as soon as September restrained the dollar, while investors continued to count on more policy stimulus elsewhere in the world.
NEW YORK (Reuters) – Financial and commodity-sector stocks led the S&P 500 higher in a low-volume session on Monday after consumer spending rose for a fourth straight month, pointing to a pick-up in U.S. economic growth.