Wall Street Breakfast: Must-Know News [View article]
From Market Currents early this morning.
Google (GOOG) avoided paying $2B in worldwide taxes last year by moving $9.8B in revenues into a Bermuda shell company, a Bloomberg investigation shows. Because Bermuda doesn't have a corporate income tax, Google chopped its overall tax rate by almost half. The news comes as European authorities step up the pressure against multinationals for their tax avoidance.
Wall Street Breakfast: Must-Know News [View article]
From Market Currents yesterday.
In what is being interpreted as retaliation for a just-approved trade bill that seeks to punish Russian violators of human rights, Russia says meat imports will now need to be free of ractopamine, a drug that's added to animal feed in the U.S. to make meat more lean. The USDA says the requirement, which is effective immediately, could halt $500M in beef and pork exports to Russia.
Wall Street Breakfast: Must-Know News [View article]
Update on Ingersoll-Rand from Market Currents.
Ingersoll-Rand confirms a plan to spin off its commercial and residential security businesses. The company expects the spin-off (aimed to be tax-free) to be completed within a year. Earlier, Ingersoll-Rand also launched a new $2B share repurchase program and boosted its quarterly dividend by 48% to $0.31 a share. IR +1.9% premarket.
Wall Street Breakfast: Must-Know News [View article]
From Market Currents today:
The Commodity Customer Coalition, which represents a group of former trader customers who lost money when MF Global (MFGLQ.PK) collapsed, yesterday asked a court for permission to subpoena Jon Corzine, CFO Henri Steenkamp, former Treasurer Edith O'Brien and others. However, Judge Martin Glenn, who is overseeing MF's liquidation, has already denied a similar request from another former client.
Wall Street Breakfast: Must-Know News [View article]
That is correct.
Pro subscribers get exclusive access for 1 full trading day for regular Pro articles and 3 full trading days for "Alpha-Rich" Pro articles. After that, the articles are released to regular readers.
In addition, Pro Articles will be closed to regular readers after 30 days, while subscribers will have indefinite access.
Wall Street Breakfast: Must-Know News [View article]
From market currents yesterday:
It turns out that a sizable chunk of Black Friday one-day-only deals that can't be beat actually can be beat, often at the same store. An analysis finds that out of 500 doorbusters, almost a third had already been sold at lower prices this year. Home Depot (HD), for example, is selling a GE Adora dishwasher for $598, claiming savings of $151. Except that the machine was available for $538 last month.
As expected, eurozone finance ministers have again postponed approving the release of the next tranche of Greece's bailout after failing to reach an agreement on how to make the country's debt more sustainable in the long term. Eurogroup chairman Jean-Claude Juncker blamed the delay on technical details and said they'll all meet again on Monday for more talks. [View news story]
From Market Currents yesterday:
European finance ministers are due to meet in Brussels today, when, it was once hoped, they'd finally authorize more bailout money for Greece, but that prospect is apparently looking unlikely. Ministers will also have to work out how to plug another €15B hole in the country's finances, over and above the bailout already agreed. The gap was created by giving Greece another two years to cut its budget deficit.
Wall Street Breakfast: Must-Know News [View article]
Hi KCN,
When more than one Web site reports a story from original sources, eg an earnings report, one of my considerations is whether the linked article will go to a site with a paywall.
I think you are right that it is preferable to link to free sites, but sometimes I will use details that are mentioned in a paid site rather than a free one. In this case, I believe it is better to link the article that contains the information used - ie the paid site - despite the inconvenience this causes readers.
In addition, when a news organization reports a story exclusively, such as today's item from the FT about $150B in tax breaks, I prefer to link to the original article regardless of whether other sites pick up the story.
These are my basic rules of thumb, but aren't hard and fast.
Wall Street Breakfast: Must-Know News [View article]
wyostocks and deercreekvols,
Thanks for your kind comments and for reading WSB. Thanks also to both of you, and to everyone else who contributes their opinions, for making the comments section such a vibrant discussion board.
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
Google (GOOG) avoided paying $2B in worldwide taxes last year by moving $9.8B in revenues into a Bermuda shell company, a Bloomberg investigation shows. Because Bermuda doesn't have a corporate income tax, Google chopped its overall tax rate by almost half. The news comes as European authorities step up the pressure against multinationals for their tax avoidance.
http://bloom.bg/YTJ5Bl
Wall Street Breakfast: Must-Know News [View article]
In what is being interpreted as retaliation for a just-approved trade bill that seeks to punish Russian violators of human rights, Russia says meat imports will now need to be free of ractopamine, a drug that's added to animal feed in the U.S. to make meat more lean. The USDA says the requirement, which is effective immediately, could halt $500M in beef and pork exports to Russia.
http://nyti.ms/WZS7WT
Wall Street Breakfast: Must-Know News [View article]
Ingersoll-Rand confirms a plan to spin off its commercial and residential security businesses. The company expects the spin-off (aimed to be tax-free) to be completed within a year. Earlier, Ingersoll-Rand also launched a new $2B share repurchase program and boosted its quarterly dividend by 48% to $0.31 a share. IR +1.9% premarket.
http://bit.ly/UPsqL7
Wall Street Breakfast: Must-Know News [View article]
The Commodity Customer Coalition, which represents a group of former trader customers who lost money when MF Global (MFGLQ.PK) collapsed, yesterday asked a court for permission to subpoena Jon Corzine, CFO Henri Steenkamp, former Treasurer Edith O'Brien and others. However, Judge Martin Glenn, who is overseeing MF's liquidation, has already denied a similar request from another former client.
http://reut.rs/SapRRB
Wall Street Breakfast: Must-Know News [View article]
Pro subscribers get exclusive access for 1 full trading day for regular Pro articles and 3 full trading days for "Alpha-Rich" Pro articles. After that, the articles are released to regular readers.
In addition, Pro Articles will be closed to regular readers after 30 days, while subscribers will have indefinite access.
Wall Street Breakfast: Must-Know News [View article]
It turns out that a sizable chunk of Black Friday one-day-only deals that can't be beat actually can be beat, often at the same store. An analysis finds that out of 500 doorbusters, almost a third had already been sold at lower prices this year. Home Depot (HD), for example, is selling a GE Adora dishwasher for $598, claiming savings of $151. Except that the machine was available for $538 last month.
http://on.wsj.com/T1vu2O
As expected, eurozone finance ministers have again postponed approving the release of the next tranche of Greece's bailout after failing to reach an agreement on how to make the country's debt more sustainable in the long term. Eurogroup chairman Jean-Claude Juncker blamed the delay on technical details and said they'll all meet again on Monday for more talks. [View news story]
European finance ministers are due to meet in Brussels today, when, it was once hoped, they'd finally authorize more bailout money for Greece, but that prospect is apparently looking unlikely. Ministers will also have to work out how to plug another €15B hole in the country's finances, over and above the bailout already agreed. The gap was created by giving Greece another two years to cut its budget deficit.
http://bloom.bg/SR8P96
Wall Street Breakfast: Must-Know News [View article]
When more than one Web site reports a story from original sources, eg an earnings report, one of my considerations is whether the linked article will go to a site with a paywall.
I think you are right that it is preferable to link to free sites, but sometimes I will use details that are mentioned in a paid site rather than a free one. In this case, I believe it is better to link the article that contains the information used - ie the paid site - despite the inconvenience this causes readers.
In addition, when a news organization reports a story exclusively, such as today's item from the FT about $150B in tax breaks, I prefer to link to the original article regardless of whether other sites pick up the story.
These are my basic rules of thumb, but aren't hard and fast.
Yigal
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
Do you remember where you heard that?
Thanks,
Yigal
Wall Street Breakfast: Must-Know News [View article]
http://bit.ly/RKBZID
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
Thanks for your kind comments and for reading WSB. Thanks also to both of you, and to everyone else who contributes their opinions, for making the comments section such a vibrant discussion board.
Yigal