Buffett wanted to know what lawmakers might propose on inversions, Sen. Orrin Hatch says.» Read More
TORONTO, Sept 15- Canadian coffee and doughnut chain Tim Hortons Inc on Monday reported strong same-store sales growth in both the United States and Canada for the third quarter to date.
TORONTO, Sept 15- Canadian coffee and doughnut chain Tim Hortons Inc on Monday reported strong quarterly same-store sales growth in both the United States and Canada.
WASHINGTON, Sept 12- Corporations should be on notice that government action is coming on "inversion" deals done by U.S. businesses that reincorporate abroad to cut their tax bills, said the top Democratic tax-writer in the House of Representatives on Friday.
Senator Orrin Hatch, the top Republican on the tax-writing Finance Committee, said billionaire investor Warren Buffett called him recently to find out what Congress might do about companies that move abroad for tax purposes.
WASHINGTON— A Wisconsin congresswoman arrested during a protest of wages paid to workers at McDonald's and other fast-food chains will not face an investigation by the House Ethics Committee.
NEW YORK, Sept 11- U.S. specialty drugmaker Akorn Inc is exploring a bid for Belgian drugmaker UCB SA's U.S. subsidiary, a deal that would allow the company to move its tax domicile overseas in a practice known as inversion, according to people familiar with the matter.
Sept 9- McDonald's Corp reported a fall in sales at established restaurants across all regions in August, the fifth such monthly drop since CEO Don Thompson took the helm in July 2012.
NEW YORK, Sept 9- Shares of McDonald's Corp are lower in premarket trading on Tuesday, with the fast food giant down 0.6 percent at $91.95 in the wake of its August sales data. McDonald's is the third-worst performing Dow component in 2014, behind only General Electric and Boeing Co..
WASHINGTON, Sept 8- The No. 3 U.S. Senate Democrat has circulated a draft proposal to crack down on U.S. companies that invert, or merge with foreign competitors to get lower tax rates, and it would apply to deals as far back as 1994..
He said the best way to address the issue is for Congress to overhaul the U.S. tax code making it more attractive for companies to stay in the U.S. With tax reform facing an uncertain future in Congress, Lew pressed lawmakers to pass legislation making it harder for U.S. companies to pull off corporate inversions.
Ruling against BP could mean $18 billion in fines. NEW ORLEANS— BP could be looking at close to $18 billion in additional fines over the nation's worst offshore oil spill after a federal judge ruled Thursday that the company acted with "gross negligence" in the 2010 Gulf of Mexico disaster.
NEW YORK/ LOS ANGELES, Sept 4- U.S. fast-food workers staged protests in some 150 cities on Thursday in a fight for higher pay, and organizers said more than 450 were arrested from Manhattan's Times Square to Los Angeles. About 400 protesters clogged Times Square during morning rush hour in the latest of ongoing actions aimed at raising their wage to $15 an hour.
NEW YORK/ LOS ANGELES, Sept 4- U.S. fast-food workers staged protests in some 150 cities on Thursday in a fight for higher pay, and organizers said dozens were arrested from Manhattan's Times Square to Las Vegas. Sit-ins were held in several more cities, and a total of 86 arrests were reported among protesters in Chicago, Detroit, Las Vegas and Little Rock, Arkansas.
NEW YORK, Sept 4- Fast-food workers in 150 U.S. cities kicked off protests for a $15- per-hour wage that included a sit-down in New York's Times Square, where 19 demonstrators were arrested on Thursday, police said.
Fast-food workers across the nation went on strike Thursday. So where do the nation's burger flippers earn the least and the most?
Sept 4- Fast-food workers will stage another day of protests in more than 150 U.S. cities on Thursday as they seek a doubling in hourly pay to $15 and the right to form a union. Organizers expect their biggest protest to date, with fast-food workers from McDonald's, Burger King, Wendy's and KFC restaurants expected to walk off the job.
NEW YORK— Police handcuffed dozens of protesters who blocked traffic in dozens of cities across the country on Thursday in their latest attempt to escalate efforts to get McDonald's, Burger King and other fast-food companies to pay employees at least $15 an hour.
Sept 4- Fast-food workers in more than 150 U.S. cities are planning protests on Thursday to press for a wage increase to $15 an hour and allow them to unionize jobs from the fry-basket at McDonald's to the cash register at Burger King.
But don't expect James Beach to stop using the Knee Defender, a $22 gadget that attaches to a passenger's tray table and prevents the person in front from reclining. The argument became so tense that the pilots of the Aug. 24 fight diverted the Boeing 737 to Chicago. CVS Caremark said it will now be known as CVS Health, effective immediately.
Washington must address corporate tax inversions before the tactic further destroys the U.S. corporate tax base, says CVS CEO Larry Merlo.