Gannett to unify brands as USA TODAY NETWORK overhaul
Gannett announces a reorganization to combine local and national brands under the USA TODAY NETWORK, aiming to coordinate over 3,000 journalists and resources. Local properties will be listed as USA TODAY NETWORK, while advertisers gain nationwide and hyper local reach. Also notes USA TODAY investment roundtable with Goldman Sachs and others for 2016 insights.
MENTIONED IN THIS ARTICLE
Gannett
USA Today
USA Today Network
Goldman Sachs
T. Rowe Price
BlackRock
Wells Fargo
Edward Jones
Usatoday
Sears posts 20 percent third quarter revenue drop
Sears said revenue fell to 5.8 billion in the third quarter from 7.2 billion a year earlier as it closed stores and divested Sears Canada. The company, owner of Kmart, struggles to drive foot traffic while competition from Walmart and Target tightens. Open-store sales rose in mattresses but declined in electronics and apparel.
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SEARS
Sears Canada
U.S
Kmart
Walmart
Target
U.S. firms stockpile more untaxed foreign earnings
Major U.S. firms led by Apple, Google and Microsoft hold at least 724 billion in indefinitely reinvested earnings overseas, up 40.8 billion in a year. The top 10 accounts for a large portion of over 2.3 trillion held abroad, reflecting a globalized economy and tax strategy, with little prospect of reversal amid tax reform deadlock.
MENTIONED IN THIS ARTICLE
U.S
Apple
Google
Microsoft
IRS
Washington
Securities and Exchange Commission
Martin Sullivan
USA Today
SEC
Alphabet
Top 10 foreign earnings tax dodge shifts and market impact
SEC filings show nine of the ten largest firms keep profits abroad in low tax havens to cut effective rates below 35 percent with Google at 19.3 percent and Exxon Mobil at 41 percent. Pfizer's planned 160 billion merger with Allergan could move headquarters to Dublin for Ireland’s 12.5 percent rate. Market shares vary as corporate tax tactics persist amid stalled policy reform.
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U.S
Pfizer
Johnson & Johnson
Merck
General Electric
Google
Exxon Mobil
SEC
Sullivan
Capitol Hill
Allergan
Dublin
Ireland
Ron Wyden
Oregon
ExxonMobil
IBM
Cisco Systems
Microsoft
Apple
Cisco
Johnson & Dec
Johnson Exxon Mobil
Dec
EU opens tax probe into McDonalds European royalties
European regulators launched an investigation into whether McDonalds received an unfair tax advantage via Luxembourg and whether royalties from European and Russian franchise profits avoided tax in Europe or the United States. Commission officials cite double taxation treaties and stress adherence to EU state aid rules.
MENTIONED IN THIS ARTICLE
McDonald’s
Luxembourg
European Union
European Commission
Europe
Russia
U.S
Margrethe Vestager
Dow Slides as ECB Stimulus Fails to Impress Markets
The Dow Jones fell about 252 points and the S&P slid 14 percent for 2015 while the Nasdaq remained in the black. Traders awaited November employment data as ECB President Draghi failed to deliver a larger rate cut, signaling divergence with the Fed’s rate-hike path.
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New York
Standard & Poor
Dow
European Central Bank
Wall Street
Dow Jones
Age
S&p
ECB
Mario Draghi
Fed
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Paul Trap
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Aloud Revenue Syavdeka Building
Gene J. Puskar, A
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Federal Reserve
Janet Yellen
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