Companies shift losses to high-tax countries to trim taxes
For nearly two decades, global corporations have increasingly shifted trillions of dollars in worldwide profits to low-tax countries across the Caribbean, Europe and Asia to reduce their tax bills and maximize the bottom line.
AT&T, T-Mobile Merger: Sprint Applauds DOJ, Refutes Jobs Claims
Sprint is a fan of the DOJ's move to file a lawsuit against the AT&T-T-Mobile merger.
Government Drops Perjury Counts against Barry Bonds
The government on Wednesday dismissed three counts of perjury against home-run king Barry Bonds that had left jurors deadlocked in his trial stemming from an investigation into athletes' use of performance-enhancing drugs.
Don't Get Sued for Not Providing Meal Breaks
A new trend in employment law, California companies have recently been experiencing a barrage of meal break lawsuits, challenging state labor rules and the extent to which an employer must provide time to rest.
US West Coast Products-Gasoline Gains on Report
Gasoline gained in West Coast markets on Wednesday after a U.S. government report showed the regional gasoline inventory fell nearly 1 million barrels last week, traders said.
EU's Almunia: Motorola deal will not impact Google probe
Google's planned purchase of Motorola Mobility Holdings Inc will not influence an ongoing antitrust investigation into the leading Internet search engine, the EU's antitrust chief said on Thursday.
Manufacturing activity ticks down in August: ISM
The pace of growth in the U.S. manufacturing sector ticked down to a crawl in August, faring better than economists had forecast but remaining at the lowest level in two years, an industry report showed on Thursday.
Gulf Could Take a Hit From Latest Storm
If a new tropical storm gains momentum and becomes a hurricane, it could wreak havoc on oil production in the Gulf of Mexico.
TD Bank raises dividend as profit jumps 23 percent
Toronto-Dominion Bank (TD.TO: Quote) boosted its dividend on Thursday as it reported that strong loan volumes in the United States and Canada drove it to a higher-than-expected quarterly profit, pushing its shares higher.
HTC executive confident on Q3, sees strong Q4
HTC, the world's fifth-biggest maker of smartphones, sees a strong end to the year as consumer demand for its latest gadgets defies macro-economic worries, a company executive said.
Cadillac to Launch Compact ATS Sedan in 2012
It's the automotive world’s version of the popular Tall, Grande and Venti sizes of coffee cups at Starbucks.
Speed Test: What’s the Fastest Way to Board a Plane?
A series of tests were conducted to find the fastest way to board a plane. Turns out, it's not the standard block method most airlines use now.
CDC: Why Do Half of Teen Americans Consume Sugary Drinks?
Half of the U.S. population age two or older indulges in sugary drinks on any given day, new research finds.
Kenya interbank rate tumbles, stocks drop
Kenya's interbank lending rate tumbled to 19.2515 percent on Tuesday from 27.7299 percent the previous day, central bank data showed on Thursday, as the bank's action last week to bring down interbank rates filters through the market.
Golden Star restarts mining at gold mine in Ghana
Golden Star Resources said it has resumed mining at its Pampe gold deposit in Ghana, a move that will help increase overall production and slash cash operating costs at the Bogoso/Prestea mine in the region.
Nigeria's Access Bank to buy rival Intercontinental
Nigeria's Access Bank said on Thursday it will spend 50 billion naira to acquire a 75 percent stake in rescued rival Intercontinental Bank and combine both firms' operations within 12 months of the merger.
Somalia famine yet to reach its peak: UN
Food will be increasingly scarce in famine-struck southern Somalia until next year's harvest, the head of the United Nations refugee agency (UNHCR) said on Thursday.
Wall St lower after rally, focus now on payrolls
Stocks were lower in see-saw trade on light volume on Thursday as investors paused after a four-day rally and awaited Friday's key payrolls report.
Sony's Xperia Arc S Unveiled, Coming in Q4 2011 [VIDEO]
The Xperia Arc S, Sony Ericsson's latest Xperia range Android smartphone, was unveiled at IFA in Berlin Wednesday.
Mosaid sees rescue in its Nokia-Microsoft deal
A patent licensing pact reached with tech giants Nokia and Microsoft will transform Canada's Mosaid Technologies, its CEO said on Thursday, and could help protect it from a C$480 million ($490 million) hostile takeover bid.
Obama Announces 'We the People' Web Site, Promising Official Responses to Petitions
Countering accusation of being out of touch, the Obama administration announced plans on Thursday for a We the People online feature that would let anybody create a petition on the White House Web site. Any petition that got 5,000 or more signatures in 30 days would get an official review and response.
Recession fears recede as factories show growth
Manufacturing unexpectedly grew in August and fewer Americans filed new claims for jobless aid last week, despite a slump in confidence that threatened to push the economy back into recession.
August auto sales up despite economic turbulence
Major automakers posted double-digit U.S. sales gains for August from year-earlier levels, a steady result for a month that began with a plunge on Wall Street and ended with a hurricane shutting down the East Coast.
Google bought Motorola to guard Android: Sony Ericsson
Smartphone vendor Sony Ericsson said it saw Google's acquisition of rival Motorola Mobility as a move to protect Google's Android software from legal attacks by rivals.
Venus Williams' Autoimmune Disease: What's the Fate of the Tennis Legend?
U.S. Tennis star Venus Williams withdrew Wednesday from the U.S. Open after recently being diagnosed with an energy-draining autoimmune disease called Sjogren's syndrome.
Wall St flat as investors brace for payrolls data
U.S. stocks were little changed in a see-saw session that saw light volume on Thursday as investors paused after a four-day rally and ahead of Friday's key payrolls report.
Analysis: Big name investors, funds bet on Rite Aid recovery
Rite Aid Corp , a perennial laggard U.S. drugstore chain, is enjoying something of a comeback, enticing some big-name hedge funds to buy shares on the bet that a turnaround will send them rising.
Ned Kelly: Remains Found of Australia’s Most Notorious Criminal
The remains of notorious Australian criminal, Ned Kelly, have been found and identified.
NY regulator, Goldman reach robosigning pact
Goldman Sachs Group Inc will compensate some home loan borrowers for wrongful foreclosures under an agreement reached with a New York state banking regulator.
GM U.S. sales up 18 percent year-on-year
General Motors Co said on Thursday that its U.S. sales rose 18 percent in August.