Friday, March 7, 2014
So far, 2014 is looking like the year of the big deal. Flush with cash and high stock prices, companies are buying up the competition at levels not seen since the dotcom bubble. And with Washington providing more clarity on government spending plans, CEOs are more confident their expansion hopes will pan out — especially if the economy keeps growing.
Apple shifted billions in untaxed profits from its Australian operations to Ireland over the past decade, a report said Thursday, as the government vowed to stop global companies from dodging their fair share of tax.
Japan's biggest brokerage Nomura Holdings has chosen a woman to head its banking arm, in what is believed to be a first for the country's male-dominated financial sector.
The International Forum of Sovereign Wealth Funds (IFSWF) announced on Wednesday that it is switching its headquarters from Washington to London.
Big Bitcoin backers the Winklevoss brothers said Wednesday they had used the virtual currency to buy tickets into space on Richard Branson's Virgin Galactic aircraft.
Exxon Mobil Corp. says it will cut capital spending by 6 percent this year and overall production will be flat.
Five banks at the center of London's gold trade have been sued in New York for manipulating prices, in the latest accusation of fraudulent collusion in the global finance hub.
Yahoo on Wednesday confirmed that it will stop letting people sign into its online services using credentials from rival Internet titans Facebook or Google.
Shares rose ahead of a monthly policy meeting of the European Central Bank on Thursday as easing tensions in the Ukraine kept markets stable after their recent bout of volatility.
The U.S. dollar firmed in Asia on Thursday after a Federal Reserve report boosted optimism over the U.S. economy, while investors await a European Central Bank (ECB) policy meeting.