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
ST. PAUL, Minn.— Years before Burger King sized up a Canadian headquarters in a hunt for lower taxes, Republican U.S. Senate candidate Mike McFadden's investment firm was involved in a merger that moved an American pharmaceutical company to Ireland and significantly dropped its tax rate.
NEW YORK— A look at the 10 biggest percentage gainers on New York Stock Exchange at the close of trading:. Signet Group PLC rose 7.7 percent to $116.37. Constellium NV rose 6.2 percent to $29.41.
NEW YORK— A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading:. Baytex Energy Corp.: Approximately 1,123,400 shares changed hands, a 555.3 percent increase over its 65- day average volume. The shares rose$. 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.
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 the 10 biggest percentage decliners on New York Stock Exchange at the close of trading:. Doral Financial Corp. fell 19.1 percent to $6.76. Movado Group fell 7.7 percent to $40.64.
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.
Here's how you incentivize companies to do business in the US, not head to Canada like BK, says Michael Yoshikami.
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.
The $11 billion merger of the burger joint and doughnut shop needs to be put in context, says CNBC's Jim Cramer.
NEW YORK— Stocks are opening higher as investors welcomed the latest corporate deal news, sending the Standard& Poor's 500 index back above 2,000.. Burger King rose 2 percent after confirming that it would buy Tim Hortons of Canada. Best Buy slumped 5 percent after profits plunged at the consumer electronics store chain as more customers buy products online.
TORONTO, Aug 26- Burger King Worldwide Inc announced plans to buy Canadian coffee and doughnut chain Tim Hortons Inc for C $12.64 billion in a cash-and-stock deal that would create the world's third-largest fast-food restaurant group.
Burger King Worldwide confirmed plans to acquire Tim Hortons, with billionaire Warren Buffett helping to finance the deal.