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Tim Hortons Inc

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  • WASHINGTON, Dec 11- Fast food chain Burger King will avoid hundreds of millions of dollars in U.S. taxes if, as planned, it completes its pending buyout of Canadian coffee-and-doughnuts chain Tim Hortons, a tax activist group said on Thursday. In one of the most notable of several corporate tax "inversion" deals this year, Florida- based Burger King announced in late...

  • Burger King, Hortons to become Restaurant Brands Tuesday, 9 Dec 2014 | 4:08 PM ET

    NEW YORK— Tim Hortons and Burger King said Tuesday that they will become Restaurant Brands International when their tie-up closes, which is expected to happen this week. In August Burger King agreed to pay $11 billion to buy Tim Hortons, a Canadian chain known for its coffee and doughnuts. Tim Hortons Inc. shareholders approved the combination on Tuesday.

  • FACTBOX-Recent tax inversion proposals Tuesday, 25 Nov 2014 | 1:19 PM ET

    Medical technology company Medtronic Inc said on Nov. 18 that its plan to acquire and adopt the tax domicile of Ireland's Covidien Plc was on track to close in 2015.. High-tech manufacturer Applied Materials Inc plans to buy Japanese rival Tokyo Electron Ltd and reincorporate in the Netherlands. Burger King Worldwide Inc plans to acquire Canadian coffee and...

  • VANCOUVER, Nov 21- The Canadian government will decide before Dec. 25 on whether to approve the takeover by U.S.-based Burger King Worldwide Inc of Canada's iconic coffee-and-donut Tim Hortons Inc, Industry Minister James Moore said on Friday. In August, Burger King agreed to buy Tim Hortons in a transaction which would create the world's third-largest...

  • VANCOUVER, Nov 21- The Canadian government will decide before Dec. 25 on whether to approve the takeover by U.S.-based Burger King Worldwide Inc of Canada's iconic coffee-and-donut Tim Hortons Inc, Industry Minister James Moore said on Friday. Canada's Competition Bureau had last month already given its stamp of approval to the C $12.64 billion deal.

  • The White House last week announced Antonio Weiss, a top official at investment bank Lazard, as Obama's choice to be the Treasury's under secretary for domestic finance. An aide to Senator Dick Durbin, the No. 2 Senate Democrat, said the lawmaker opposes Weiss because of Lazard's work advising on recent high-profile inversions. Congress is only in session for a...

  • TORONTO, Nov 5- Profit at Canadian coffee and doughnut chain Tim Hortons Inc, which is being bought by Burger King Worldwide Inc, beat market estimates in the third quarter as customers opted for the more expensive items on the company's menu. Net income fell about 14 percent, however, mostly due to costs related to U.S. fast-food chain Burger King's C $12.64 billion...

  • Nov 5- Canadian coffee and doughnut chain Tim Hortons Inc's third-quarter profit handily beat market estimates, as same-store sales got a boost from customers buying more expensive menu items. Excluding items, Tim Hortons earned 95 Canadian cents per share, ahead of the average analysts' estimate of 88 Canadian cents per share, according to Thomson Reuters...

  • Nov 5- Canadian coffee chain Tim Hortons Inc's quarterly net profit fell about 14 percent due to C $27.3 million in costs related to its proposed takeover by Burger King Worldwide Inc.. Tim Hortons' same-store sales in Canada rose 3.5 percent in the third quarter ended Sept. 28 and 6.8 percent in the United States. Burger King said in August it would buy Tim Hortons...

  • US stock market psyched for GOP win Wednesday, 5 Nov 2014 | 5:57 AM ET
    Traders on the floor of the New York Stock Exchange.

    Markets are psyched for a Republican victory in Congress that gives the GOP control of the Senate in addition to the House.

  • US stock market psyched for GOP win Wednesday, 5 Nov 2014 | 4:37 AM ET
    Traders on the floor of the New York Stock Exchange.

    Markets are psyched for a Republican victory in Congress that gives the GOP control of the Senate in addition to the House.

  • Nov 4- Burger King Worldwide Inc posted its strongest growth in quarterly same-restaurant sales in North America in two years, at a time larger rival McDonald's Corp is struggling in the highly competitive market. Burger King's same-restaurant sales in the United States and Canada rose 3.6 percent in the third quarter, driven by the reintroduction of Chicken...

  • Nov 4- Burger King Worldwide Inc reported its highest quarterly growth in North America same-restaurant sales in two years, driven by the reintroduction of Chicken Fries and strong sales of the BBQ Bacon Whopper burger. The company, which is acquiring Canadian coffee chain Tim Hortons Inc, said North America same-restaurant sales rose 3.6 percent in the third...

  • TORONTO, Oct 28- Canada's Competition Bureau said on Tuesday it has approved Burger King Worldwide Inc's acquisition of Canadian coffee chain Tim Hortons Inc.. The competition watchdog said it issued a "no action letter" after concluding that the deal is unlikely to substantially lessen competition. It noted that the deal is subject to other regulatory...

  • Oct 15- Another proposed U.S. corporate tax "inversion" deal collapsed on Friday when Irish food group Fyffes Plc and larger U.S. rival Chiquita Brands International Inc called off an agreement to combine. It was the fourth such deal to unravel since the Treasury Department on Sept. 22 cracked down on inversions, deals in which a U.S. company acquires or sets up a...

  • Oct 15- Major U.S. drugmaker AbbVie Inc said on Wednesday it was reconsidering a $55 billion bid for Ireland's Shire Plc, marking a setback for "inversion" deals in which U.S. companies reincorporate abroad to cut tax costs. Steris Corp said on Monday it has offered to buy Britain's Synergy Health Plc for about $1.9 billion in a deal that would shift Steris' tax...

  • Going in through back door for M&A deal profits Friday, 3 Oct 2014 | 8:00 AM ET

    Mergers have hit a level not seen since the financial crisis, and there is a way for investors to profit from the M&A frenzy—in one trade.

  • Oct 2- Warren Buffett, the billionaire chairman and chief executive officer of conglomerate Berkshire Hathaway Inc, praised Coca-Cola's altered executive compensation plan on Thursday. Buffett also said Burger King Worldwide Inc's $11.5 billion purchase of Tim Hortons Inc was not a tax-motivated deal. " Berkshire committed $3 billion in preferred equity...

  • Buffett: I bought stocks in Wednesday's big selloff Thursday, 2 Oct 2014 | 9:46 AM ET
    Warren Buffett

    Warren Buffett won't name names, but he told CNBC the companies were "names you'd recognize."

  • Warren Buffett gets into auto dealers in big way Thursday, 2 Oct 2014 | 8:24 AM ET
    Warren Buffett

    The billionaire investor announces on CNBC he's buying Van Tuyl Group, the nation's largest privately held car dealership chain.