J.C. Penney Gets Increase in Line of Credit from $1.75 Billion to $2.25 Billion
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Goldman Sachs revealed the stocks most popular with the nearly $2 trillion hedge fund industry. The so-called VIP list has outperformed the S&P 500 this year and features names that are most often in hedge funds' top 10 holdings.
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*Austria to end bank secrecy for foreigners this year. BRUSSELS, May 22- Europe edged closer to lifting banking secrecy on Wednesday after Austria said it was ready to share data on foreign depositors but Vienna's support could fade should efforts to strike a similar deal with Switzerland fail.
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Goldman Sachs revealed the stocks most popular with the nearly $2 trillion hedge fund industry. The so-called VIP list has outperformed the S&P 500 this year and features names that are most often in hedge funds' top 10 holdings.
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DUBLIN, May 22- Ireland's finance minister said on Wednesday the country did not want to become the' whipping boy' for what he called a flawed U.S. Senate report into the level of corporate tax Apple Inc pays in Ireland.
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Apple Inc. rose $5.88 or 1.3 percent, to $445.54. Dell Inc. rose$. 01 or. 1 percent, to $13.41. Hewlett Packard Co. rose$. 43 or 2.0 percent, to $21.54.
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Discussing whether other companies will jump on the Apple tax bandwagon, with CNBC's Seema Mody.
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*Apple, Amazon, Google among corporations in the spotlight. BRUSSELS, May 22- Britain, France and Germany called for stricter rules to stop companies such as Google, Apple and Amazon aggressively avoiding taxes in austerity bitten Europe, while acknowledging they had done nothing unlawful.
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*Google's tax affairs in spotlight in Britain. LONDON, May 22- Google Inc's tax affairs came under renewed scrutiny in Britain on Wednesday when the leader of the opposition Labour party accused the Internet company of wrongly going to "extraordinary lengths" to avoid paying tax.
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Apple Inc. rose $8.29 or 1.9 percent, to $447.95. Dell Inc. rose$. 02 or. 1 percent, to $13.41. Hewlett Packard Co. rose$. 11 or. 5 percent, to $21.22.
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Sen. Rob Portman, (R-OH), discusses the tech giant's tax policy and explains why corporate tax reform is needed.
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*Google's tax affairs in spotlight in Britain. LONDON, May 22- Google Inc's tax affairs came under renewed scrutiny in Britain on Wednesday when the leader of the opposition Labour party accused the Internet company of wrongly going to "extraordinary lengths" to avoid paying tax.
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Microsoft unveiled its long-anticipated next generation console Xbox One on Tuesday, but it was its inclusion of live TV, rather than its gaming capabilities that set tongues wagging.
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BRUSSELS, May 22- European leaders will discuss how to combat aggressive tax avoidance by major companies such as Amazon, Google and Apple at a summit on Wednesday, and cut the estimated 1 trillion euros a year the EU loses to tax evasion or avoidance.
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Duracell is making a push in wireless charging, working with partners to try and do for public gadget power what Intel did for public WiFi.
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Jeffrey Sonnenfeld, Yale School of Management, shares his perspective on Apple's CEO Tim Cook's Senate grilling, and JPM's CEO Jamie Dimon's dual role vote.
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Even as Apple faced a grilling from lawmakers over its tax avoidance schemes, two more companies revealed they would move jurisdictions to lighten their tax burden.
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*Sony board to assess proposal to spin off entertainment arm. Struggling electronics giant Sony Corp, though, with more foreign and fewer bank shareholders, may prove something of an exception.
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The world's largest hedge funds have bolstered their equity holding so far this year, adding more to Boeing than any other stock, according to research firm FactSet.
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Martin Schulz, president of the European parliament, has warned that revelations of tax evasion by major companies were leading to a loss of trust among the European public.
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*Sony cuts 2014-15 camera sales fcast to 1.3 trln yen from 1.5 trln. Third Point's "proposal is one that affects a core part of Sony's business and the direction of our management, so the Sony board will give it thorough consideration before replying to Mr.
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BRUSSELS/ PARIS, May 21- Growing concern in European capitals about aggressive tax avoidance by high-profile corporations such as Amazon, Google and Apple looks set to steal the agenda of a European Union summit in Brussels on Wednesday.