Burger King's proposed acquisition of Tim Hortons may offer big tax benefits but the real tax winner is likely to be its controlling shareholder.» Read More
NEW YORK— A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading:. Constellation Brands Inc. class B: Approximately 1,900 shares changed hands, a 551.8 percent increase over its 65- day average volume. The shares fell$. 18 or. 2 percent to $86.96.
NEW YORK— A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading:. Baytex Energy Corp.: Approximately 1,123,400 shares changed hands, a 555.3 percent increase over its 65- day average volume. The shares rose$. 79 or 1.8 percent to $43.97.
U.S. medical device maker Medtronic is building stronger ties to Europe, a couple months after announcing a $42.9 billion acquisition that involves moving its main executive offices across the Atlantic, where it can get a better tax deal.
WASHINGTON— Burger King plans to become is the latest U.S. company to shift its legal address out of the country by merging with a foreign company. Burger King has announced plans to buy Tim Hortons, the Canadian coffee-and-doughnut chain.
So Buffett's participation in fast-food chain Burger King Worldwide Inc's purchase of coffee and doughnut chain Tim Hortons Inc- complete with relocation of Burger King's domicile to Canada- might at first blush raise questions about his patriotism.
NEW YORK— A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading:. American Strategic Income Portfolio: Approximately 43,000 shares changed hands, a 357.9 percent increase over its 65- day average volume. The shares fell$. 07 or. 7 percent to $10.25.
Burger King plans expansion of Tim Hortons. Burger King said Tuesday it will buy Tim Hortons in an $11 billion deal that would create the world's third largest fast-food chain.
NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Burger King Worldwide Inc., down $1.40 to $31. The burger chain confirmed it plans to buy doughnut seller Tim Hortons for $11 billion and will move its headquarters to Canada.
Stocks rose on Tuesday after a report had orders for durable goods jumping far more than expected in July.
Contrary to what many observers have speculated, Burger King won't be able to justify much of the Tim Hortons deal through tax advantages.
Here are key things Burger King needs to focus on to avoid a customer backlash over its proposed Tim Hortons merger, says brand expert Leeann Leahy.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Bank of America Corp. rose. 2 percent to $16.33 with 61,753,500 shares traded. Best Buy Co. fell 6.8 percent to $29.80 with 24,954,800 shares traded.
NEW YORK— A look at the 10 biggest percentage gainers on New York Stock Exchange at the close of trading:. DSW Inc. rose 9.2 percent to $30.99. Mobileye NV rose 8.5 percent to $41.43.
Here's how you incentivize companies to do business in the US, not head to Canada like BK, says Michael Yoshikami.
Executive Chairman of the board of Burger King Worldwide addressed the debate over tax rates in the deal between Burger King and Tim Hortons.
A combined Burger King- Tim Hortons would rank a solid third in global sales at restaurants among fast-food companies:. Yum Brands' total includes sales at KFC, Pizza Hut and Taco Bell. Totals are systemwide sales, including both company-owned and franchised restaurants.
Tim Hortons, Canada's favorite doughnut and coffee chain, could soon become a bigger international player.
TORONTO, Aug 26- Canada will evaluate Burger King Worldwide Inc's proposed C $12.64 billion bid for Tim Hortons Inc to determine whether it would provide a net benefit to the country, Finance Minister Joe Oliver said on Tuesday.
Rep. Bill Pascrell (D-N.J.), discusses if Burger King's acquisition of Canada's Tim Hortons will draw scrutiny from U.S. lawmakers opposed to tax inversion deals.
The $11 billion merger of the burger joint and doughnut shop needs to be put in context, says CNBC's Jim Cramer.