Obama's support of anti-inversion legislation only aims to put a patch on a larger problem—the need for corporate tax reform, CEOs tell CNBC.» Read More
Wages have remained stagnant, and this is "the missing link in this whole economic recovery," economist Joel Naroff said.
*Italy outperforms after summer supply cancelled. LONDON, July 24- Euro zone bond yields edged up on Thursday as investors saw better-than-expected economic data as quelling the need for the European Central Bank to loosen monetary policy further.
President Obama will call for an end to a corporate loophole that allows companies to avoid federal taxes by shifting their tax domiciles overseas.
U.K. retail sales rose very modestly in June, reversing the drop seen in May but falling short of expectations, official data showed.
LOS ANGELES— President Barack Obama is tapping into growing misgivings about tax-driven overseas mergers by U.S. corporations, issuing a new call to end the practice quickly and questioning the patriotism and citizenship of those companies.
TOKYO, July 24- Japan's economic recovery appears more fragile after a recent tax increase but the central bank looks less likely to ease policy, a Reuters poll showed, underscoring the uncertainty surrounding the world's third-biggest economy.
A few have forfeited their right to do business in Texas by not filing tax reports. Perry, the longest-serving governor in Texas history and a possible 2016 presidential candidate, has for several years travelled the country extolling the strength of the Texas economy and bragging about his efforts to bring new investment to the state, including the tech fund.
Axel Merk, President and Chief Investment Officer of Merk Investments, says investors are not acknowledging current risks in markets.
Ron Napier, Head of Napier Investment Advisors, says U.S. equities "look stretched at the moment" and expects selling pressure to heighten in the next few months.
John Rutledge, Chief Investment Strategist at investment firm SAFANAD, explains why investors should remain invested in equities even as the Fed rolls back quantitative easing.
WASHINGTON— Figures on government spending and debt.
Wick Moorman, Norfolk Southern CEO, discusses his company's quarter, low coal inventories, and the new safety precautions for shipping oil via railroads.
Deval Patrick's desk on Wednesday a bill authorizing a $1 billion expansion of the Boston Convention and Exhibition Center.
*General Dynamics, Northrop beat profit estimates. *General Dynamics reports higher aerospace orders. July 23- U.S. weapons makers General Dynamics Corp and Northrop Grumman Corp raised their 2014 profit forecasts as cost cutting allowed them to improve profitability even as defense spending by the U.S. government remained low.
The IMF said it expects the U.S. economy to grow even more slowly this year than it predicted a month ago due to weakness in the first quarter.
Slow growth during the first half of the year caused the National Retail Federation to lower its retail sales forecast for 2014.
An Ohio company ran into trouble for issuing "Made in the USA" labels without verifying products were made in the United States.
WASHINGTON— The Senate voted Wednesday to advance an election-year bill limiting tax breaks for U.S. companies that move operations overseas. The Senate voted 93-7 to begin debating the bill, which would prevent companies from deducting expenses related to moving operations to a foreign country.
I would bet inflationistas a truckload of scarce limes that inflation pressures are temporary and inflation is about to fall, says Ron Insana.
BoE officials discussed the case for an early interest rate rise, but there were concerns about hurting the recovery.
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