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Apple uses companies outside US to avoid paying billions in US taxes, Senate inquiry finds
AP Business WriterWASHINGTON (AP) — Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found. The world's most valuable company is holding...Tags: Apple Inc., Microsoft Corporation, Tim Cook, Barack Obama, Hewlett-Packard Co.
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Restraint is the new red in China
BEIJING — Exports of elegant Swiss watches to China have plunged. Sales of Mercedes-Benz and other premium sedans are slowing. And high-end restaurants, coming off their worst Chinese New Year festival in years, are starting to change their menus to...
Tags: Restaurants, Government, Beijing (China), National Government, Travel
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Big 5 bets on smaller, easily accessible stores
Sometimes smaller is better. That's the philosophy of Big 5 Sporting Goods Corp., which owns 415 sporting-goods stores in 12 states, about half of them in California. The El Segundo company believes that operating a large number of easily accessible,...
Tags: Interior Policy, Personal Weapon Control, Marketing, Firearms, Auto Trends
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Wal-Mart reports weak 1st-quarter sales, blames weather, tax issues
Wal-Mart Stores Inc. reported slight upticks in revenue and profit in its first quarter, but the retail behemoth still missed Wall Street’s expectations and watched its stock suffer in morning trading. The Bentonville, Ark., mega-chain blamed...
Tags: Wal-Mart Stores, Inc., Weather, Weather Reports, Sears, Earnings Forecasts
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MGM posts strong first quarter results on "Skyfall," "Hobbit"
Buoyed by the billion-dollar box-office blockbusters “Skyfall” and “The Hobbit: An Unexpected Journey,” MGM Holdings Inc., the parent of Metro-Goldwyn-Mayer Inc., posted first-quarter net income of $57.4 million. That was more...
Tags: Earnings, Skyfall (movie), Science and Technology, Entertainment, Economy, Business and Finance
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J.C. Penney 1Q loss widens from a year ago as sales keep falling
AP Retail WriterNEW YORK (AP) — The legacy of J.C. Penney's former CEO is being felt at the department-store chain. Penney on Thursday reported that it widened its loss in the first quarter on a 16 percent drop in revenue. It marks the fifth-straight quarter...Tags: Apple Inc., Goldman Sachs Group, Inc., Mike Ullman, Macy's, JC Penney Company Inc.
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LinkedIn shares plunge after first-quarter earnings release
SAN FRANCISCO — LinkedIn Corp. has consistently beat Wall Street expectations since its initial public stock offering two years ago. The professional networking service did it again Thursday, reporting first-quarter revenue and net income that...Tags: Social Media, Credit Ratings, LinkedIn Corp.
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Official: Nissan reports $4.13B net income for 2012
Autoblog.comFiled under: Nissan, Earnings/Financials The news for Nissan is good when it comes to the company's results for the 2012 financial year that ended on March 31. Even though the numbers were down in many of the world's major markets, increased sales in... -
$1.9B Postal Service loss raises red flags
The U.S. Postal Service lost $1.9 billion in its second quarter, an improvement from a $3.2 billion loss a year earlier. In the latest quarter, the agency cut employees' work hours while struggling with an ongoing decline in mail volumes. A year earlier...
Tags: Tom Coburn, Government, National Government, U.S. Postal Service, U.S. Congress
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U.S. Postal Service Loses $1.9 Billion In Second Quarter
The U.S. Postal Service lost $1.9 billion in its second quarter, as the agency cut employees' work hours but struggled with an ongoing drop in mail volumes, the cash-strapped agency announced on Friday. The loss for the quarter ended March 31 was an...Tags: Government, Tom Coburn, Marketing, National Government, U.S. Postal Service
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J.C. Penney woes may persist as Best Buy rebounds
For a while, J.C. Penney and Best Buy seemed to be doppelgangers. The two retailers struggled with intensifying competition after years of comfortable stagnation. Beset by Wall Street skepticism and shaky consumer loyalty, each made sweeping attempts at...
Tags: Moody's Corporation, Earnings, Prices, Coca-Cola Co., Marketing
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Private manager may miss state lottery profit goals for 2nd year
The company hired to run the Illinois Lottery after years of flagging sales is on track to fall short of promised revenue goals for the second straight year — this time by about $180 million, according to a Tribune review of the firm's performance...
Tags: Government, Executive Branch, Illinois General Assembly, Mega Millions Lottery, Lotteries
May 20, 2013
|Story| AP Member Choice Limited
May 19, 2013
|Story| Los Angeles Times
May 20, 2013
|Story| Los Angeles Times
May 16, 2013
|Story| Los Angeles Times
May 16, 2013
|Story| Los Angeles Times
May 16, 2013
|Story| AP Member Choice Limited
May 3, 2013
|Story| Los Angeles Times
May 11, 2013
|Blog| Autoblog.com
May 10, 2013
|Story| Chicago Tribune
May 10, 2013
|Story| Hartford Courant
May 10, 2013
|Story| Los Angeles Times
May 11, 2013
|Story| Chicago Tribune
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