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Shares of cloud-based e-commerce software provider ChannelAdvisor surged in their debut, as enterprise software makers continue to draw investor attention.
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May 23- ChannelAdvisor Corp shares soared more than 40 percent in their market debut on Thursday as investors bet the e-commerce software company will benefit from the rapid global spread of online buying and selling. Global Brass and Copper and Ply Gem Holdings rose less than 20 percent and Constellium declined 5.5 percent.
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Shares of cloud-based e-commerce software provider ChannelAdvisor surged in their debut, as enterprise software makers continue to draw investor attention.
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eBay fell$. 83 or 1.5 percent, to $53.57. Google fell $12.57 or 1.4 percent, to $876.85. Groupon Inc. fell$. 15 or 2.1 percent, to $7.11.
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Have two Pandora's Boxes been opened? Fed Chairman Ben Bernanke's testimony may be one; the IRS scandal may be the other.
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LONDON, May 23- Nearly half of the money that multinationals and wealthy investors poured into emerging markets in 2011 came via tax havens, resulting in revenue losses for poor countries, anti-poverty campaigners ActionAid said in a report.
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May 22- Staples Inc stood by its full-year profit outlook and told investors it expected sales to improve through the year after the biggest U.S. office supply retailer by sales reported lackluster results in the first quarter. The comments helped boost Staples shares more than 5 percent, to their highest level in a year.
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eBay rose$. 26 or. 5 percent, to $55.21. Yahoo rose$. 02 or. 1 percent, to $27.02. Zynga Inc. rose$. 02 or. 6 percent, to $3.47.
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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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May 22- Staples Inc missed analyst estimates for profit and sales in the first quarter, hurt by a stronger dollar and weak sales in Europe and Australia. Staples' income from continuing operations fell to $170.4 million, or 26 cents a share, in the first quarter ended on May 4 from $192.9 million, or 28 cents a share, a year earlier.
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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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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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eBay fell $1.00 or 1.8 percent, to $54.95. Google fell $1.56 or. 2 percent, to $906.97. Groupon Inc. rose$. 16 or 2.3 percent, to $7.14.
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There are two IPOs on "Mad Money" host Jim Cramer's radar. Here's why he think they may be worth getting in on.
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Apple tax head Phillip Bullock told the Senate Permanent Subcommittee on Investigations on Tuesday that one of those companies, Apple Operations International, though it was functionally managed in the United States, had not submitted a tax return anywhere for five years.
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NEW YORK-- Lea Industries is recalling more than 63,000 children's beds in the U.S. and Canada because a support rail could break, putting users at risk of falling. The U.S. Consumer Product Safety Commission said Tuesday that two injuries have been reported since 2009. There have been 22 reports of incidents involving the recalled beds in the U.S. and one in Canada.
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*U.S. Senate subcommittee says Apple paid no tax on $29.9 bln dividends. CORK/ DUBLIN, May 21- Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments and had no special rate deal with the company after the U.S. Senate said it paid little or no tax on tens of billions of dollars in profits stashed in Irish subsidiaries.
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Apple Operations International, Apple Sales International and Apple Operations Europe, through which much of the group's overseas income flows, are all incorporated in Ireland but are not deemed to be tax resident there, the Senate's Permanent Subcommittee on Investigations said.
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May 21- Best Buy Co Inc reported weak quarterly sales on Tuesday and warned that a slew of investments to entice shoppers could squeeze profits in the near term. Excluding restructuring and other charges but including Europe, it earned 36 cents a share, beating the analysts average estimate of 25 cents, according to Thomson Reuters I/B/E/S.
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Ireland said on Tuesday it was not to blame for Apple's low global tax payments after the U.S. Senate said the company paid little or nothing on tens of billions of dollars in profits.
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May 21- Best Buy Co Inc reported weak quarterly sales on Tuesday and warned that a slew of investments to entice shoppers could squeeze profits in the near term. The results showed that Best Buy might need to cut more costs to be able to compete more effectively with the likes of Wal-Mart Stores and Amazon.com.